As you can understand, the axis is the line length resulting from the
price movement on a candlestick: If the initial price increase and
eventually decline, then it will happen the line is referred to as the
axis. And vice versa if the decline happens early opening, then it will
eventually increase and the axis will disappear from the candle
. When you can understand the wick on a candle, then most likely the losses experienced by small, while the level will benefit will be greater. Another benefit of the wick on the candle is existence which was able to show the difference in the strength of the bidders or buyers.
If the bidder is stronger, the price tends to go against the previous movement. This occurs when one of the power supply and demand is different. Resulting in the position of one party is stronger than the other parties. For more details look at the daily chart of mari USD/JPY below:
. When you can understand the wick on a candle, then most likely the losses experienced by small, while the level will benefit will be greater. Another benefit of the wick on the candle is existence which was able to show the difference in the strength of the bidders or buyers.
If the bidder is stronger, the price tends to go against the previous movement. This occurs when one of the power supply and demand is different. Resulting in the position of one party is stronger than the other parties. For more details look at the daily chart of mari USD/JPY below:
The placement of Stop Loss on Candle
the above chart is the daily chart shows the pair USD/JPY is being located in a down-trend. The move raises the chances for short (sell). If you want to control your trading by using stop loss (SL), you just simply find the long axis on a candle and placing the order SL there. As seen in the example above, where there are 3 candle that has shown its
. A long axis above the candle brought about by buyers pushed prices higher and higher. Whereas, the long axis that appears and is left behind when the turn candle caused the buyer is not able to maintain the high movement while sellers have come up and push the price to a lower point.
Ideally, indicating that there has been a displacement by forming the price reversal is not because the buyer could not maintain the ride conditions. Finally the seller (bear) won during that time period. Because the price could not be pushed to the top of the axis, then the placement of stop order just above the axis is the most potential because of his difficult price approaching that area back.
But there are things to look out for when this has happened the axis. Although this is not absolutely happen, sometimes it will appear someday. For that you should be wary when a stop order already placed on the axis, and finally the axis will also be at the bottom of the candle. From there, you should get ready for closing the transaction so that Your benefits are not eroded by floating before Your stop orders are executed and out of trades.
the above chart is the daily chart shows the pair USD/JPY is being located in a down-trend. The move raises the chances for short (sell). If you want to control your trading by using stop loss (SL), you just simply find the long axis on a candle and placing the order SL there. As seen in the example above, where there are 3 candle that has shown its
. A long axis above the candle brought about by buyers pushed prices higher and higher. Whereas, the long axis that appears and is left behind when the turn candle caused the buyer is not able to maintain the high movement while sellers have come up and push the price to a lower point.
Ideally, indicating that there has been a displacement by forming the price reversal is not because the buyer could not maintain the ride conditions. Finally the seller (bear) won during that time period. Because the price could not be pushed to the top of the axis, then the placement of stop order just above the axis is the most potential because of his difficult price approaching that area back.
But there are things to look out for when this has happened the axis. Although this is not absolutely happen, sometimes it will appear someday. For that you should be wary when a stop order already placed on the axis, and finally the axis will also be at the bottom of the candle. From there, you should get ready for closing the transaction so that Your benefits are not eroded by floating before Your stop orders are executed and out of trades.
