The principles of Japanese candlesticks Integration – Lesson 8

Dear learner, after reading this tutorial of http://www.accurateforexsignals.info/  of currency trading education course, you will be able to understand and learn: 

Japanese candlesticks just like humans

The difference between the individual candlesticks and compact ones

Definition of compact candlesticks

Integration timeline of the Japanese Candlesticks

How to add index merger timetable for Japanese candlesticks on the platform MetaTrader

Japanese candles just like humans:

With this tutorial, we all want to learn technical analysis using candlestick so that we can make winning deals to buy or sell, and learn how to develop financial investments in order to achieve the best performance in the account, we can achieve these goals only by Japanese candlesticks in professional way, and professionalism starts in learning how to read a candlestick from the graph, as well as learn the names of the candlestick As we learned in the past tutorials that the Japanese candles like humans Each candle has a name and a story about her life there are candles live alone and called Japanese individual candles and there are candles live side by side and called candles or compact Japanese candles or even compact ones, and compact Candlesticks meet along the graph to form what is known as candlestick patterns, and whether eventually individual or merged candlestick meet together to form what is known as charts patterns who form trends that are on the charts.

Do you remember the base education in our course, the base analysis candlestick in school http://www.accurateforexsignals.info/ : says you should not expect coming trends by reviewing the shape of the candle in its individual image, and among the things which professional and correct technical analysis is built on upon , is learning the methods of integrating candlestick on the charts This method establishes the entire construction and make it strong and set the psychological state of the technical analyst and trader when he takes the decisions to engage in new deals.  

The difference between the individual and compact candles:

    

If we have a special Japanese candlesticks chart, that we look deeper and examine each candle Separately , we called this kind of analysis name ( " Technical Analysis of individual candlesticks " ) , but if we examined a set of Japanese candlesticks together , whether they were two together , or three candles together , or many together side by side , so that analysis of the type ( " technical Analysis of compact candlesticks " ), it is certainly when we work technical analysis for each candle separately the results will be quite different when we add to this candle more some other  candlesticks.

Do you know why?

The answer is simply due to two things, the first is the time factor and sizes of momentum, and the second factor is the classification of candlesticks, if we talked about the first factor, namely the time factor and sizes momentum, for example, the one candle if it were a candle Frame time 4 hours, the technical analyst studying the price movement during missed 4 hours, whereas if a technical analyst added another candle to the side of the first candle to conduct his technical analysis, this means that the technical analyst became studying the movement of currency rates for the period of time is 8 hours, and of course it is very possible that the trading volumes in the 4 hours individual candle is greater than or less than the volumes of the two compact candles together in a period of time of 8 hours of trading, and thus with two compact candles , the momentum of the sale or purchase may be greater than or less than the momentum of buying or selling in the individual candle , hence the different results in technical analysis if we used a candle individually between them and the use of compact candles, as well, and vice versa. 

Definition of candles vehicle:

See illustration below to find out what is meant by candles compact.

If the image (a) reflects an individual candle, the image (b) is considered for two compact candles, so If the technical analyst redraw two compact candles on special paper through the installation of the two candles and making them a single candle, the result of this integration is the emergence of the candle shown in the picture (a) .

The single candle as shown in the picture (a) is a blend of two merged candles with each other as shown in the picture (b), based on the process of linking the price of open candle No. 2 with the closing price of the candle No. 1 so the result of this analytical work is featured in candle form (b).

This is exactly what explains the essence of the difference between different timeframes, especially when we have two charts for the same currency pair, for example, one chart half hour and the second one is one hour   frame, although the price movement  on  one hour frame and the chart is half an hour, but the forms of candles are different among charts, and the reason is because the time factor of the candle closing is different in both charts , Hence this difference happens in the forms of Japanese candles on different time frames, as well as difference of  charts patterns among each frame time, so the process of integrating two candles in Frame half-hour is equal to one candle on the one hour frame, and this process is called ("time integration of the Japanese candlesticks") Whereas if the technical analyst integrated the first minute candle on Frame minute with a candle on the second minute Frame minute, this process is called ("the price merger of Japanese Candles") and this way make up what is known as the Japanese candlestick patterns.