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Binary Boom It is developed by Japanese traders to express the movement of prices in the futures markets for rice style, their Vartbtt these schemes. It is actually the preferred method for most traders Ath more pronounced than other methods, and so it became this method to express their price is the prevailing method in different parts of the world and in all financial markets
What Japanese candle?
Take the candle as follows:
A rectangular body of the candle represents splitters Binary Boom scam tail candle, and each candle represents one unit of time from the time period selected
Japanese candle comes in two forms either a bull or a bear
Emerging candle: candle is empty or white, and reflect the rise in the price in terms of:
Represents the body down the price at which it was the currency at the beginning of the time period.
Represents the highest price at which the body it was the currency at the end of the time period.
Top and tail represents the highest price achieved by the currency during the same time period.
Tail bottom lowest price represents achieved by the currency during the same time period as the top drawing
Bearish candle: the candle that her body be colored or black, and reflect the decline in the price in terms of:
Represents the body down the price at which it was the currency at the end of the time period.
And represents the highest price at which the body it was the currency at the beginning of the time period.
Top and tail represents the highest price achieved by the currency during the same time period.
The tail represents the bottom lowest price achieved by the currency during the same time.
Because she candle falling, the price will be at the end of the period (closing price) lower than the price at the beginning of the period (opening price)
Please note that the candle may be colored with different Binary Boom colors depending on the trading platform. But he and a quick glance you will be able to distinguish between the uplink and downlink candle and this is important.
As you can see, the Japanese candlestick method is precise and clear way to express the movement of the price, simple and something you will be able to train for and once you take a quick look at the chart of knowing all the information you need about the movement of the exchange rate within the time frame you choose. http://www.getresponse.com/archive/binaryboomreview/BINARY-BOOM-REVIEW-Is-BINARY-BOOM-SOFTWARE-SCAM-or-LEGIT-151844804.html
Japanese candlestick analysis
This method has proved a great effectiveness in the flour and clear expression at the same time for price movement, making it superior to the other in the expression of the movement of prices methods when applied properly.
The benefit of Japanese candles were not limited to accuracy and clarity, but also Japanese candles have shown that they are better able to express the psychological state of the market and the nature of the conflict between the sellers who pay the price to drop and buyers who pay the price to rise, namely the nature of the conflict between the Bears Bears and bulls Bulls or between the forces of supply Supply and demand forces Demand.
The candles are shaped by events in the market and, therefore, and by the form of the current candle (Market Update) can predict the direction of the subsequent price. Hence the technical analysis using candlestick is similar to the method of analysis of shapes such as the head and shoulders, but it depends on the Japanese forms of candles themselves and not planned or graph form.
The credibility of this method appear in the relatively long time frame, such as four hours daily or frame,
When the shops analyzed the price of the currency on the part of a weekly, for example, and the form of Japanese candle to this coin in a certain way, the Binary Boom Scam to expect the direction of the exchange rate is relatively accurate, and so analysts gave each a form of Japanese candles its own names and their respective specifications and characteristics of known by
There are two forms of Japanese candles:
Forms of continuity.
Forms of reflection.
There are many forms have different meanings depending on the development of candles that preceded on, but we will mention a number of forms of Japanese candles known in consecutive episodes, including:
Hanging Man Hanging man
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Star starting Shouting star
Three soldiers Three soldiers
And a lot of other forms that are not devoid of wit names.
It should be taken into account that the Japanese candlestick analysis, like other methods of analysis should be used in addition to other types of analysis and not independently. It is not enough to see some form of spark to the control that the price will rise or fall.
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