Introduction to Japanese relationship candles in time
Each candle reflects a specific time period, for example, if we used 1 minute time frame, each candle reflects on the state of the market over the past 1 minute, so if We have opened 2 charts of candlestick first graph was using the time 5 minutes frame , and The second graph using time-30 minutes frame, and _ even though the price is one in both charts _ only we will note that the number of candlesticks on the 5 minutes time frame is different from the number of candlesticks on the 30 minutes time frame, and why so that each individual candle on 5 minutes time frame takes five minutes to form, While each candle individually on 30 minutes time frame takes thirty minutes to form, means that during one hour of trading , two candles are formed on half hour Frame, and formed 12 candle on Frame five minutes, and here we always note the existence of an inverse relationship between the number of candles and frame User, the more time frame is smaller the greater number of Japanese candles during certain period of time, and whenever we used a big time frame, Japanese candles will be little during a certain time period, and whenever we used Frame smaller whenever we have emerged a more accurate picture of price movements, and whenever we used largest time Frame whenever the graph and the wider graph tells us about the movement of prices over the long periods of time. Please see illustration below.
This is only natural, because, by example, when we examine the candle per the planned half-hour, it is made up of 6 candles on five minutes Frame, so two candlesticks in half an hour Frame are 12 candles on five minutes Frame, and it is natural that the price drops or rises on the 5 minutes Frame during the formation of a single candle on the half hour, and the application of this principle to all other frames if the review of the candlestick on more than a time frame at the same time.
How to choose the time frames in MetaTrader
Open MetaTrader and you should know that when you choose the M1, this means that each candle on the chart represents a time period of 1 minute and recent candle hand remains in the right side of the screen graph in the case of active and moving to pass the 60-second time ends of the candle if every 60 seconds shaped candle new, and you can apply the same principle to all time frames:
Every 1 minute a new candle starts on the M1 * Frame
Every 5 minutes a new candle starts on the M5 * Frame
And every 15 minutes new candle starting on the Frame ** M15 *
And every 30 minutes new candle starting on the M30 * Frame
Every 60 minutes new candle starting on the H1 * Frame
Every 240 minutes a new candle starts on the Frame ** H4 *
And every 24 hours starting new candle on the Frame D1*
With the beginning of a new week on the chart start a new candle on the Frame W1 *
("Although the week on the chart in the Week Frame begins Sunday and ends on Sunday, however, on Monday is the correct beginning of each new week can be said in another way if the closing price is the price on Sunday beginning candle week on Frame W1, as well as the candle is the beginning of a daily Frame on Monday. *
Every month begins a new candle on the frame of the M1 *
The gaps between the Japanese candlesticks:
Gaps occur because of the sudden news, or upon issuance of the general economic results or advertising when results of global economic news are released , These results were surprisingly contrary to all expectations of chroniclers analysts, or possible occurrence of gaps forming between the Japanese candlesticks especially on the daily candle Frame at the opening of markets pm Sundays, and the reason is due to the following: Since Friday is the last day of trading in the Forex, Saturday and Sunday are the days of vacation for traders in the Forex markets and the trading stations close and stop working and stop receiving broadcast spot prices to the spot market, while it is known to us all that the political or economic news do not stop, it is very possible the release of economic news surprise on Saturday or on Sunday, or the release of political decisions in the country on Saturday or Sunday, or things happening unexpectedly, God forbid, such as natural disasters , earthquakes , hurricanes and global accidents that affect the economic situation during Saturday or Sunday , and then postpone impact of this news on the charts until the opening of the market , with the opening of markets on Sunday evening, though there was such things occurring in on Saturday or Sunday , the price gaps will appear inevitably on the charts on candlestick at the opening of the markets on Sunday evening , and the gap is an empty space between two candles If there were gaps with the opening of markets on Sunday evening In this case, the artistic analyst can see an empty area between the closing candle on Friday and the opening of a candle day Monday, note that this does not appear on the linear drawing charts .
How to cope with price gaps:
Try as much as possible not to open deals after time recent time on Friday.
If you open deals on Friday in the recent times, try to close these deals before the market closes.
If you are involved in a deal and remained installed for the new week and there is not a gap you open parallel Hedge to the installed deal.
If you are involved in a deal and remained installed for a week's new and updated gap, try as much as possible the closure of the deal at less loss as possible, especially if the gap exceeds +70 points, if price cringes 50% of the value of the gap has not been able to anticipate the next trend close the deal quickly as collateral to minimize loss.