Japanese candlesticks on the time frames- Lesson 3

Hello to you again in the second part of a lesson how to determine the number of Japanese candlesticks on the frames, and in this part of the education we learn about the art of technical analysis, namely the time analysis of Japanese Candlesticks and the study of relationship of time and the number of Japanese candlesticks that appear on the chart.

How to know the number of Japanese candlesticks on time frames?

this way Is one kind of methods of analysis schedule, and this method adopts to draw a vertical line to the larger candle frame then move to smaller frame, This work is aimed to review the number of Japanese candlesticks in the small frames of time and that make up a single candle of time bigger frame and through carefully consider the small time frames candlesticks it can explore the charts patterns on the smaller time frames and thus seize the opportunities to enter more accurate.

Special instructions about Meta Trader:

Generally of the most important instructions for this method is that the first candle on the left side on smaller frame and the vertical line drawn on it, it does not fall within the total period of time that you want to know the number of its candlesticks on smaller frame, and in the case of the MetaTrader user (“system is used on Sunday " ), and the last candle on the right- side decree by a vertical line are included in the total time required. If the MetaTrader user by you (“system is used on Sunday " ), each of the two lines do not enter the two vertical lines within the target time period but candlesticks between the two lines is required candlesticks.

MetaTrader Comparison:

Face of comparison	MetaTrader uses data on Sunday	MetaTrader does not use data on Sunday
The week candle open Price	It is The open price on Sunday	It is the open price on Monday
The week candle close price	It is the close price on Friday	It is the close price on Friday

The following examples are special for Meta Trader does not use the system on Sunday

Example: If a technical analyst added two vertical lines For example, uses The Weekly Frame W1, and the first vertical line was on recent candle and The second vertical line is added in the blank area after this candle as it is new candle will be formed in the week following at a later time ("here important note if it is put a vertical line on the last candle on the right hand of the graph should put a vertical line on the blank area to the right of the graph "),   As if the vertical line put, for example, on the penultimate candle on the right hand of the graph, so a vertical line will be put on the last candle, and so, let us see how to apply it in practice on MetaTrader.

The first step: choosing Weekly time frame W1

Step Two: Choose the tool add vertical line

Step Three: Add the vertical lines

 (A) A vertical line on the last candle.

 (B) A vertical line in place of the next blank candle.

Image caption below the prices quoted from EUR / USD is the Weekly Frame and added lines on the period from Sunday, January 12th, 2014 to Sunday, January 19th, 2014 as we have said and we have already learned that the week on the Weekly Frame begins Sunday and ends on Sunday.

Step Four: Move to a smaller time frame such as Day Frame D1

Image caption below the prices quoted from EUR / USD is drawn with the Daily Frame 

That on Monday, January 13th, 2014 is the correct beginning to a new week of trading.

As we have said and we have already learned that the beginning of the week to correct Daily Frame begins on Monday and ends on Friday.

Then a technical analyst began reflecting on the candlesticks of the graph between the two vertical lines, through the transition from planned Frame the week to outline Frame Today, this method is as if a technical analyst gives an order to the program of technical analysis and say: "Show me the number of candlesticks for the time period of a full week.

According to the former instructions, the technical analyst should not fault in counting in number 6 because the first candle on the left hand  of the chart and which on it the first vertical line does not fall in the target time period and  does not fall within the candlesticks required to know its number on the smaller time frame, and the last candle is on the right hand painted with the vertical line automatically when the technical analyst moved to daily chart this candle entered within the required time period.

While if technical analyst moved to Frame four hours can be seen that the number of Japanese candles in a period of trading of the time one week, the number of Japanese candles on Frame 4 hours will be 30 candlesticks, this simple mathematical operations as 5 straight candlesticks along the daily Frame represents a time period of a week, and as the day is 24 hours, If with dividing the number 24 ("a 24-hour") on the number 4 ("represents a single candle of Frame 4 hours"), the results is the number 6 means that every 6 candlesticks a row along the Frame four hours constitute one day of trading, the multiplying of the number 6 ("represents a 6 straight candlesticks along the frame of four hours") × No. 5 ("represents the number 5 candles in a row along the daily Frame a period of time from the trading of one week") and the output is the number 30 , thirty candle straight along the Frame four hours represent time period of one week of trading, please see this chart illustration below of  timeframe 4 hours.

Step Five: Go to a smaller time frame such as Frame 4 hours.

Image caption below the prices quoted from EUR / USD is on the frame with four hours of attention that the first candle of four hours at the beginning of each day begins at 00:00 GMT. The beginning of Monday, January 13th, 2014

Here the analyst artistic can noted that the beginning of every new day is at 00:00 GMT if the timing of the closure of yesterday is the timing of the opening tomorrow day, with the exception of Friday because the timing of the closing for this day has  other conditions on the frames of time, for example, if we want to add a vertical line on any chart of any time frame and the target is to see the beginning of the day should add this vertical line at 00:00 GMT, Please pay attention to the timing of your trading station and that it works GMT, there are companies offering Forex trading stations other than the operating time different of GMT, Ask the Forex company you are dealing with what is the timing of the trading station.

In the caption picture below the you can see dashed vertical lines which are 5 lines reflect the opening price and the place to start when the first candle in each new day of trading, it starts at 00:00 GMT, while the two vertical lines on either side of the drawing they reflect the extent of trading during the period time of one week, as the example to explain it now, and the two vertical lines are the two lines conferred by technical analyst at the Weekly Frame and automatically appear on the smaller time frame.

All the above explanation is the correct way to mark the beginning of trading days starting from big Frame time as ("weekly Frame ") through small time frame such as ("daily frame") and the end of the frame smaller time (such as "Frame four hours"), please if you have in your mind any information about any other way about how to determine the beginnings of Japanese candles on different time frames.

So please remove it from your mind as long as you read in our educational lessons, even not to face conflicting information, and follow the ways of the special technical analysis to us then God willing is a very high degree of righteousness, and you will explore it yourself in learning our next applied lessons.

Here Important Notes:

If you followed this method in the days punctuated by an international official holidays in this case certainly that the number of Japanese candles will be different on the smaller time frames during the period of time from trading, for example, during the period from December 23 of each year until January 3 of the new year, the total number of Japanese candles, for example, daily Frame that make up the candle weekly and one is 4 daily candlesticks o daily Frame on the chart and not 5 daily candlesticks as used in the remaining weeks, because the reason given to the existence of holiday days of a  special anniversary birthday during that period.

In general that all the previous information in this tutorial is only just a quick overview on the topic of the time factor ("time frames ") and its relationship with candles Japanese, and we had a desire to draw your attention and show the quick glimpse about this method of discovering the number of Japanese candles on the different time frames, because the time factor is one of the main pillars in the arts, which are intertwined with technical analysis, which is used in candlestick analysis of foreign currencies, but also for the stock markets, and financial markets generally, the issue of adjusting plans and strategies of time analysis at the same time with the plans and strategies of price analysis using candlestick chart is a very important issue, especially when all these strategies are designed and equipped with professionally and properly, and then it is certainly that the results of the expectations of a technical analyst for trends future prices, God willing, will be correct and you will reach the desired goals.

We believe that you are waking up now through this important tutorial that the issue of choosing time frames should not be randomly and it is wrong that the person  opens some charts for any period of time and then begins to randomly draw lines on the candlestick He believes that in this way he analyzes the graph moves to another time Frame without awareness and without putting any principles define the terms of the transition between the different time frames, and ultimately surprising that prices are moving in completely different directions about his expectations, , and wondering why all this is happening? The reason is simply because this person does not know the foundations of choosing frames of time and conditions of the transition between them, generally we advise you not to choose a frame of time in random ways that does not fit with the plans according to the trading patterns of your own, we mean it in the words of summary Are your goals are Profit-taking in the short term, or in a long time span.

In the tutorial below and, God willing, we begin to learn the secrets of professional Japanese candles, they are four secrets shall anyone who wishes to succeed in technical analysis to get them to be able to translate situations of Forex markets and discover the best opportunities for purchasing and better sales opportunities not only that but also to determine the best levels to reap profits.