![]() ![]() In any market, Japanese candlesticks paint a picture of the psychology and sentiment of investors and traders. And the same candlestick rules and interpretations which he applied to stocks and commodities apply to today’s markets, as well. The Japanese candlesticks you see in virtually every forex platform and charting package today, and in the charts in the School of Pipsology, are the same candlesticks Steve Nison introduced to the American markets over 20 years ago. At the time the book was written, currency trading by individuals was done primarily in the futures market - and the book uses both stock charts and commodity futures charts to illustrate Japanese candlesticks, candlestick patterns and candlestick trading. ![]() If your question refers to the book titled Japanese Candlestick Charting Techniques, that book was written in 1991, before the retail forex market existed. Japanese candlesticks can be used to create price charts in any speculatively-traded market, including spot forex, spot commodities, commodity futures, stocks, bonds, etc. Since his book is based off of stocks, does anyone have any clue to how accurately it can be transferred over to the Forex world? ![]()
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