While there are books full dedicated to this topic, with time, most traders find that there are just some bollards, which tend to be used in. Perplexing selection of possibilities can usually be played to the "analysis paralysis" and as a result it is difficult to show some potential deliberative opportunities. But, if the trader specifies the bollards used as indicators of a small group of common usage patterns, that they can do to trade more confidently as there will be a lot of other traders who use the same indicators.
A lot of traders the idea of "walk passes the opposite of the herd" when it comes to trading. Unfortunately, this is a truism that got attractive with time. But, the fact is that you need to move the rest of the market with you if you want to make a profit. Often, the best technical settings are the most obvious. With this into consideration, we are given the following bollards:
Hammer / Shehab
As with many of the bollards, this pattern is a copy of an upward and downward copy. Progressive version known as the "Hammer" as it seems like a hammer. Shehab need to imagine the biggest, but it seems somewhat meteor, with the fact that the tail is clear.
Hammer has a long crank down, but they open and close at approximately the same level. We will witness the opening sale during the time period, but in the end, buyers will return and paying the prices to much higher and to a level that has not changed default. This suggests that vendors have failed to keep the prices low, and this may be the fatigue preparer vendors. These things are important at the end of the pattern, and it is possible that often indicate a change in style.
Shehab on the other hand is quite the opposite. You will see the opening, followed by a sharp rise in the price. Buyers failed to keep the prices high, and with the end of the session will be closing either the same or close to the opening price. When this candle be at the top of the pattern upward, this often refers to fatigue and buyers can refer to a change in style.
Shehab
Candle vertical upward / downward
Vertical candle is simply a candle to invade the previous candle. In order to do this, it needs to be agitated and volatile session. This candle represents a series of Abahat that settled in favor of one side. Stating that this candle closes within the last 20% of the range in order to show conviction. In other words, in the candle vertical downward, it wants to see it shut down in the 20% lower than the range. It is possible that the candle often indicate that there is an upcoming move in the direction of the candle, as the momentum builds and follow it.
Candle vertical upward
Candle vertical downward
Doji is the most common type of spark in this article. Doji candle is simply unscheduled. Somehow, Shehab and hammer both specialized patterns doji simple, simply divide the reality show fatigue. But the real is simply doji candle with the scope fail to hack at a directions. There are many types of doji, but in the end they all mean the same thing: not to report. If we get that confusion, it is logical that mean something when we move. The idea is that the band has been hacked, either up or down, and the market has suddenly made the decision, and traders will follow the move and paid additionally. In the accompanying picture, you can see and be a doji then hack into other session signal to move to the top.
Doji (candle unscheduled)
Offensive or impatient?
There are several ways a trader can deal with which these bollards. But it must be noted that the most conservative and cautious at all is how to wait to see the place following the closure of a candle. Some who are more severe they will soon penetrate the candle trading up or down, but you can see from the example of doji at the top as it is, it will put a rolling in the case of sharp decline. By waiting until the closure, it may be rolling saw building upward momentum.
It should be further noted that in all matters relating to the technical analysis, the higher the time frame in which it appears these bollards, the more reliability is greater. This, of course, because there are more trades represented by the candle, and therefore more information.