
As we find that the combination of these two Japanese charting tools with traditional technical analysis methods works amazingly well in forecasting the market movements especially in recent very volatile market condition.
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Most traders have been exposed to some aspect of what we call Fibonacci trading, mostly in reference to Fibonacci price retracements.
The first thing to plot on your graph are candlesticks. With the candles we watch for reversal patterns, which we find are usually much clearer than those on bar charts. Some of these have lovely names too, like Shooting or Evening Star, Three Black Crows, Spinning Top and Fry Pan Bottom,Abandoned Baby, and Hanging Man!
In the "old" pre-personal computer days, bar charts and indicator values had to be calculated and plotted by hand on honest-to-goodness paper charts.
Beginning and experienced traders alike will benefit from this book. The biggest beneficiary, though, is probably Suri Duddella himself.
Confusion and uncertainty: the two common attributes of the forex market. The random short-term movements in public trading create a lot of confusion and certainly add to uncertainty among traders. A novice understands this reality, but even experienced professionals who have been trading for years suffer the same affliction.