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Monday, October 19, 2009

21 Candlesticks Every Trader Should Know

Posted on 11:35 AM by ahmed

Candlesticks are one of the most powerful technical analysis tools in the trader's toolkit. While candlestick charts dates back to Japan in the 1700's, this form of charting did not become popular in the western world until the early 1990's. Since that time, they have become the default mode of charting for serious technical analysts replacing the open-high-low-close bar chart. In this book author has selected 21 candles that believed every trader should know by name. These are the candles that in author's experience occur most frequently and have the greatest relevance for making trading decisions.

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