| If you are a trader, you might have heard about | | | | analysis", "oscillators". Until I read this book: "Technical |
| candlestick charts. These are an old trading | | | | Analysis of The Financial Markets" (John J. Murphy, |
| techniques found by Munehisa Homma, a Japanese | | | | 1999), there is one chapter about Japanese |
| rice trader, in the 18th century. | | | | Candlesticks. |
| Candlestick charts expressed the price movements | | | | Do you know what? There are many funny different |
| at the market. They represent open, high, low, and | | | | names to express these charts: "hanging man" or |
| close prices at certain time period. There is a thin line | | | | "hammer" or "dark-cloud cover" or "doji star" or |
| below and above the real body of these charts, it is | | | | "harami". For me, those names could make trading |
| called "the shadows". The high of the session shown | | | | becomes more excited. Why? Because they've made |
| by the peak of the upper shadow and the low of | | | | me eager to learn more and more, what is inside |
| the season shown by the bottom of the lower | | | | those names. |
| shadow. It is called candlestick because it is look like | | | | For these years, Candlestick Charts become my |
| candles and their wicks. | | | | "best friend" and have made my trading get more |
| For the first time, I didn't want to waste my time to | | | | profitable. I am not a "big wealthy" trader, I am just |
| learn about these charts and there are so many | | | | a housewife, but I can learn these techniques. They |
| trading tools that I had learned, such as "support and | | | | are easy to understand and we can combine these |
| resistance", "moving averages", "relative strength | | | | charts with any other trading tools. |