Читать книгу Candlestick Charting For Dummies - Russell Rhoads - Страница 26

The history of candlestick charting stretches back to Japanese rice traders in the 17th or 18th century. This fact is why candlestick charts are frequently referred to as Japanese candlestick charts. A very smart man named Munehisa Homma developed the methodology of monitoring the price of daily rice trading, and his methods eventually evolved into what traders and other market watchers call candlestick charting.

Homma found that having a visual representation of daily rice trading allowed him to make more informed buy-and-sell decisions during the hectic trading day. It’s said that Homma once had a streak of more than 100 winning trades!

Fast-forward to the early 1990s, when Steve Nison published a book and a magazine article on candlestick charting. Until then, candlestick charting wasn’t widely used. Nison’s first book, Japanese Candlestick Charting Techniques (Prentice Hall Press), served as an introduction to candlestick charting methods for many traders and investors in the United States, including yours truly. In the years that followed, the acceptance and use of candlestick charting became widespread, and the use of computer software for analyzing recurring patterns proved to be profitable for many traders.

In this chapter, I cover the good and bad of candlestick charts, and I review a handful of alternative charting methods. In the end, you’ll understand why candlestick charting is the way to go!