{"id":3119,"date":"2021-01-06T03:57:57","date_gmt":"2021-01-06T03:57:57","guid":{"rendered":"https:\/\/afluxcoin.com\/57\/your-starting-guide-on-price-action-and-japanese-candlesticks\/"},"modified":"2021-01-06T03:57:57","modified_gmt":"2021-01-06T03:57:57","slug":"your-starting-guide-on-price-action-and-japanese-candlesticks","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/pt\/57\/your-starting-guide-on-price-action-and-japanese-candlesticks\/","title":{"rendered":"Your starting guide on price action and Japanese candlesticks."},"content":{"rendered":"<p>This particular chart type dates back to the 1700s in Japan. Munehisa Homma, a Japanese businessman, used the candlestick charts to track the price of rice. This method gave him an edge in his sector because he can map periods of fear and greed in the rice market.Single candlesticks, according to their shape and size, can have \u201cnicknames.\u201d Most of these names came back from the Homma\u2019s era in their original Japanese, and many others have been translated into English.The candlestick pattern chart has been brought to the West by Steve Nison in 1989. This chart pattern replaced, in many cases, the bar pattern chart that was used in the West until that time.The image has been taken from https:\/\/optionalpha.com\/how-you-can-profit-from-the-history-of-candlestick-patterns-10821.htmlEvery trade concerning an asset is been grouped into a timeframe. If we look at the monthly timeframe then we need to understand that a single candlestick includes all the transactions that happened inside this timeframe.No timeframe is better than the other, it simply contains more or less information than the other. The bigger the timeframe (months, weeks, days, etc.), the less the noise in the chart. The smaller the timeframe (five minutes chart, ten minutes chart, etc.), the more the noise. On the other hand, the bigger the timeframe, the lesser the trading opportunities. The opposite is true for the smaller timeframes.Bigger TimeframesLess NoiseLess Trading OpportunitiesLess VolatilityShows the Bigger PictureSmaller TimeframesMore NoiseMore Trading OpportunitiesMore VolatilityShows the DetailsMost of the time, when we refer to the candlestick chart, we refer to the OHLC candles. This simply means that the candles include the open, high, low, and close prices. Many advanced charting software programs include more choices than this.The body of a bullish candle, which usually is green, includes the opening price on the lower side and the close price on its\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>This particular chart type dates back to the 1700s in Japan. Munehisa Homma, a Japanese businessman, used the candlestick charts to track the price of rice.<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3119"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=3119"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=3119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=3119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=3119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}