Automated Trading Systems : Japanese Candlestick Charts : Data is represented by utilizing distinct graphical interpretations such as line charts, bar charts and candlestick chartsandlestick charts are too known as Japanese candlestickshey are widely used in practice since they permit traders to work with 'expense Action Theory'his makes it probably the most effective tools for technical examinationepending on what kind of a pattern it forms, candlestick charts foresee the direction a current pair would perhaps move in, with the reversal pattern, in a given time-framehe two significant candlestick patterns which have been followed closely by traders are explained belowullish Hammer and Hanging ManA candlestick consists of 2 parts, a shadow and a bodyimply put, a "shadow" is a line symbolizing the value prices have taken over a period of time, however, it excludes the current value of priceshe "body" is the distance between the opening and closing pricef a candle is formed at the end where its shad ... [Read More ! Automated Trading Systems]
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