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Candlestick Math – An Easy Way to Interpret Candlesticks
Thursday, November 7, 2019
Expert: ALAN GREENWALD Hosted by: LegacyFX- Forex
- CFD
- Technical Analysis
- Intermediate
- Advanced
Japanese candlesticks are by far the most popular chartings and trading strategy used in forex and cryptocurrency trading. A kit if traders get frustrated or lost with all the different candlestick patterns and how to interpret and use them properly.
Candlestick math or blending is an exciting new way to use this old tested and tried trading method. We can ‘blend’ different adjacent candlesticks to form a single candlestick, thus summarizing the outcome over several periods in one candle. We can blend candles of similar frequency over any time scales for example, minute-by-minute candles, hour-by-hour candles or day-by-day candles. We can blend as many adjacent candles as we see fit. In effect, by doing this one gets a clearer insight into the evolution of market activity over longer time periods. Why would we want to do this? Well, first of all blended candles can create a single, stronger signal. Secondly, by blending candles one minimizes market noise, thereby getting a more accurate reflection of the underlying activity.
John Roman
John is an active trader and educator at Investors Trading Academy with an MBA in Finance from New York University. He began trading in 1995 focusing mainly on commodities and options, then transformed into forex investment. His current specialization covers all aspects of forex trading utilizing fundamental and technical analysis, namely chart pattern analysis. Mr. Roman has conducted training seminars on all over the world from novice to innovative strategies. He provides a solid, collaborative and extremely encouraging training atmosphere to assist Forex traders in locating and trading momentum moves, using confirmed patterns and methods.
Candlestick math or blending is an exciting new way to use this old tested and tried trading method. We can ‘blend’ different adjacent candlesticks to form a single candlestick, thus summarizing the outcome over several periods in one candle. We can blend candles of similar frequency over any time scales for example, minute-by-minute candles, hour-by-hour candles or day-by-day candles. We can blend as many adjacent candles as we see fit. In effect, by doing this one gets a clearer insight into the evolution of market activity over longer time periods. Why would we want to do this? Well, first of all blended candles can create a single, stronger signal. Secondly, by blending candles one minimizes market noise, thereby getting a more accurate reflection of the underlying activity.
John Roman
John is an active trader and educator at Investors Trading Academy with an MBA in Finance from New York University. He began trading in 1995 focusing mainly on commodities and options, then transformed into forex investment. His current specialization covers all aspects of forex trading utilizing fundamental and technical analysis, namely chart pattern analysis. Mr. Roman has conducted training seminars on all over the world from novice to innovative strategies. He provides a solid, collaborative and extremely encouraging training atmosphere to assist Forex traders in locating and trading momentum moves, using confirmed patterns and methods.