{"id":9534,"date":"2022-10-12T07:33:06","date_gmt":"2022-10-12T07:33:06","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=9534"},"modified":"2022-10-12T07:33:06","modified_gmt":"2022-10-12T07:33:06","slug":"what-is-a-japanese-candlestick","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/10\/12\/what-is-a-japanese-candlestick\/","title":{"rendered":"What is a Japanese Candlestick?"},"content":{"rendered":"\n<p>While we briefly covered\u00a0Japanese\u00a0candlestick charting analysis in the previous\u00a0forex\u00a0lesson, we\u2019ll now dig in a little and discuss them more in detail.<\/p>\n\n\n\n<p>Let\u2019s do a quick review first.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Japanese&nbsp;Candlestick Trading<\/h2>\n\n\n\n<p>Back in the day when Godzilla was still a cute little lizard, the Japanese created their own old school version of technical analysis to trade rice. That\u2019s right, rice.<\/p>\n\n\n\n<p>Traders be hustin\u2019 back then also. To rock ice, you traded rice.&nbsp;?<\/p>\n\n\n\n<p>A Westerner by the name of\u00a0Steve Nison\u00a0\u201cdiscovered\u201d this secret technique called \u201cJapanese candlesticks,\u201d learning it from a fellow Japanese broker.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2011\/03\/steve-nison-ohlc.png\" alt=\"Steve Nison\" class=\"wp-image-105938\"\/><\/figure>\n\n\n\n<p>Steve researched, studied, lived, breathed, ate candlesticks, and began to write about it.<\/p>\n\n\n\n<p>Slowly, this secret technique grew in popularity in the \u201990s.<\/p>\n\n\n\n<p>To make a long story short, without Steve Nison, candlestick charts might have remained a buried secret.<\/p>\n\n\n\n<p>Steve Nison&nbsp;<em>is<\/em>&nbsp;Mr. Candlestick.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What are Japanese&nbsp;candlesticks?<\/h2>\n\n\n\n<p>The best way to explain is by using a picture:<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade2-candlestick.png\" alt=\"Japanese Candlestick Anatomy\" title=\"Japanese Candlestick Anatomy\"\/><\/figure>\n\n\n\n<p>Japanese&nbsp;candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes \u2026.whatever you want!<\/p>\n\n\n\n<p>They are used to describe the price action during the given time frame.<\/p>\n\n\n\n<p>Japanese candlesticks\u00a0are formed using the open, high, low, and close of the chosen time period.<\/p>\n\n\n\n<ul><li>If the close is above the open, then a&nbsp;<strong>hollow<\/strong>&nbsp;candlestick (usually displayed as white) is drawn.<\/li><li>If the close is below the open, then a&nbsp;<strong>filled<\/strong>&nbsp;candlestick (usually displayed as black) is drawn.<\/li><li>The hollow or filled section of the candlestick is called the \u201creal body\u201d or&nbsp;<strong>body<\/strong>.<\/li><li>The thin lines poking above and below the body display the&nbsp;<strong>high\/low range<\/strong>&nbsp;and are called&nbsp;<strong>shadows<\/strong>.<\/li><li>The top of the upper shadow is the \u201c<strong>high<\/strong>\u201c.<\/li><li>The bottom of the lower shadow is the \u201c<strong>low<\/strong>\u201c.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>While we briefly covered\u00a0Japanese\u00a0candlestick charting analysis in the previous\u00a0forex\u00a0lesson, we\u2019ll now dig in a little and discuss them more in detail. Let\u2019s do a quick review first. Japanese&nbsp;Candlestick Trading Back in the day when Godzilla was still a cute little lizard, the Japanese created their own old school version of technical analysis to trade rice. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[810],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9534"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=9534"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9534\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=9534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=9534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=9534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}