Description: Octagon Capital is the new web home of Barry Anthopoulos. Barry is a veteran day-trader, and has recently developed a focus on Japanese Candlesticks.
To be a successful trader, you need reliable and accurate data that can be processed and acted upon quickly. Japanese Candlesticks have become the industry standard because they are easier to learn and interpret in comparison to bar charts, for example. Whether you are interested in the stock market, Forex market, or some other market, candlestick patters lead to a form of technical analysis whereby market turning points can be discerned.
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Introduction to Candlesticks Before we can discuss candlestick technical analysis, it is imperative for a trader to understand how to read a candlestick chart. Unlike traditional line charts, candlesticks provide more insight. Developed centuries ago in Japan to help traders navigate the rice market, candlesticks are comprised of five parts: the open, the close, the high, the low, and the body which indicates direction by virtue of its color. If the open is lower than the close, the candle body will be gree