ORIGIN - USUL CANDLESTICK
History of Candlestick
The history of candlesticks originated from Munehisa Homma, a rice businessman in Japan in the 1700s who was most famous in predicting the movement of rice prices of his time and an unprecedented period by using past prices.
Tokugawa Shogun Era
In the late 1500s to the mid 1700s Japan had 60 provinces and united into a country with a rapid commercial path.
From 1500 to 1600, Japan was a war-torn country between "daimyo" (Mr. Feodal) one with the other "daimyo" to fight over the adjacent territory. This irregular era is called the "War of the Country" or known as "Sengoku Jidai".
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On a day in the early 1600s came three outstanding generals named Nobunaga Oda, Hideyoshi Toyotomi, and Leyasu Tokugawa who managed to unite Japan over the next 40 years. Their achievements and efforts are kept in remembrance in the history and customs of the Japanese.
Some Japanese say: "Nobunaga pounded the rice, Hideyoshi stirred the dough, and the Tokugawa ate the cake". In other words, these three Generals were instrumental in uniting Japan, but Tokugawa was the last man of this great General who later became a Shogu. The Tokugawa Shogunate then ruled Japan from 1615 to 1867.
In his tenure, his military strategy that made Japan for centuries has been an early part in Candlestick's terminology. Ability in strategy, psychology, competition, strategy to turn things around and good luck becomes a necessity in winning the battle. So it is not surprising in the candlestick there is the term "Advancing Three Soldiers Pattern", "Counter Attack Lines", and so on.
The relative stability of the Japanese central government system led by Tokugawa offers new opportunities. The agrarian economy is growing rapidly and the most important thing is the development and ease of domestic trade.
Trading rice and rice coupons
In the 17th century national trade gradually supplanted the isolated local market trading system. The concept of centralized commerce became the forerunner of technical analysis in Japan.
Prior to 1710, the Japanese people traded rice trade by exchanging rice with other indigenous rice. Transactions that occur are they bid, increase the exchange of rice and determine the market price.
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After the development of the era and the shifting of transactions until 1710, this rice trade then began to use a receipt known as a rice coupon. This rice receipt is the first contract between the first traders.
The rice trade then became the basis of the prosperity of Osaka, which has more than 1,300 rice distributors. At that time, in addition to not having a standard currency value (at that time the transition from coin currency to other means of exchange failed) the rice into the middle exchange defacto. If a daimyo is in need of money, he will send his rice surplus to Osaka and then it will be stored in the warehouse with his name label, and then he will receive the coupon as his receipt. He can sell his coupons at any time.
Due to the tax problems felt by the daimyo, they often sell their rice coupons to avoid taxes on subsequent rice delivery from the government (40% -60% tax to be paid by the daimyo in accordance with the harvest and paid in rice). With this coupon system, it is a very effective solution to run in trading. Rice coupons are sold to avoid the next shipping tax which is the "World First Future Contract". Rice coupons are commonly referred to as "empty rice" coupons (where rice is not owned in real physical form).
Munehisa Homma
From this background and then appeared someone named Munehisa Homma (1724-1803). Homma is the youngest son of a wealthy merchant in Japan. He was then appointed to continue his family business in 1750. Homma started his rice trading business in a local trade with a port city called Sakata, which is a central area for collecting and distributing rice.
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In the term candlestick there is the term "Sakata's Rules", this designation is addressed to Homma also known as "God of the Market". With this knowledge capital Homma plunged into the largest rice trade deal in Osaka, which is in Dojima and started his rice trade transactions until he became popular in the future.
Homma's power greatly affected the market price of rice, he collected annual weather reports and analyzed rice trade transactions at Yodoya (Dojima rice trade in Osaka) for the psychological study of investors. In fact he also puts his workers stare with a flag to send trading signals from Osaka to Sakata. With Homma's exaltation and exaltation, he managed to dominate trade in Osaka. After that, Homma began to expand its wings in the Regional Edo market (now known as Tokyo).
His luck is very multiply, even supposedly many say that the benefits gained by Homma had reached 100 times in a row. The great names and respect of the people in Edo to Homma are poured into the song: "If in Sakata (the city where Homma lives) shine, then cloudy in Dojima (trade of Dojima rice in Osaka) and rain in Kuremae (Kuremae trade in Edo)" .
In other words, if there is a good rice harvest in Sakata, the price of rice drops in Dojima rice, and the price of rice falls on Edo. This song tells how big the influence of Homma's power and his strategy on the rice trade market. In the future Homma became a consultant to the government and was given the title of samurai. He died in 1803. Before he died, Homma had written a book that was thought to have been written in the 1700s entitled "Sakata Senho and Soba Sani No Den".
This book tells about the principle of trade, as he applied in the rice trade. The book greatly influenced the methodology and candlestick history in Japan and has until now become the most popular method of stock exchange transactions through a technical analysis approach.
The history of candlesticks originated from Munehisa Homma, a rice businessman in Japan in the 1700s who was most famous in predicting the movement of rice prices of his time and an unprecedented period by using past prices.
Tokugawa Shogun Era
In the late 1500s to the mid 1700s Japan had 60 provinces and united into a country with a rapid commercial path.
From 1500 to 1600, Japan was a war-torn country between "daimyo" (Mr. Feodal) one with the other "daimyo" to fight over the adjacent territory. This irregular era is called the "War of the Country" or known as "Sengoku Jidai".
stock analysis, stock-IDX recommendations today
On a day in the early 1600s came three outstanding generals named Nobunaga Oda, Hideyoshi Toyotomi, and Leyasu Tokugawa who managed to unite Japan over the next 40 years. Their achievements and efforts are kept in remembrance in the history and customs of the Japanese.
Some Japanese say: "Nobunaga pounded the rice, Hideyoshi stirred the dough, and the Tokugawa ate the cake". In other words, these three Generals were instrumental in uniting Japan, but Tokugawa was the last man of this great General who later became a Shogu. The Tokugawa Shogunate then ruled Japan from 1615 to 1867.
In his tenure, his military strategy that made Japan for centuries has been an early part in Candlestick's terminology. Ability in strategy, psychology, competition, strategy to turn things around and good luck becomes a necessity in winning the battle. So it is not surprising in the candlestick there is the term "Advancing Three Soldiers Pattern", "Counter Attack Lines", and so on.
The relative stability of the Japanese central government system led by Tokugawa offers new opportunities. The agrarian economy is growing rapidly and the most important thing is the development and ease of domestic trade.
Trading rice and rice coupons
In the 17th century national trade gradually supplanted the isolated local market trading system. The concept of centralized commerce became the forerunner of technical analysis in Japan.
Prior to 1710, the Japanese people traded rice trade by exchanging rice with other indigenous rice. Transactions that occur are they bid, increase the exchange of rice and determine the market price.
stock analysis, stock-IDX recommendations today
After the development of the era and the shifting of transactions until 1710, this rice trade then began to use a receipt known as a rice coupon. This rice receipt is the first contract between the first traders.
The rice trade then became the basis of the prosperity of Osaka, which has more than 1,300 rice distributors. At that time, in addition to not having a standard currency value (at that time the transition from coin currency to other means of exchange failed) the rice into the middle exchange defacto. If a daimyo is in need of money, he will send his rice surplus to Osaka and then it will be stored in the warehouse with his name label, and then he will receive the coupon as his receipt. He can sell his coupons at any time.
Due to the tax problems felt by the daimyo, they often sell their rice coupons to avoid taxes on subsequent rice delivery from the government (40% -60% tax to be paid by the daimyo in accordance with the harvest and paid in rice). With this coupon system, it is a very effective solution to run in trading. Rice coupons are sold to avoid the next shipping tax which is the "World First Future Contract". Rice coupons are commonly referred to as "empty rice" coupons (where rice is not owned in real physical form).
Munehisa Homma
From this background and then appeared someone named Munehisa Homma (1724-1803). Homma is the youngest son of a wealthy merchant in Japan. He was then appointed to continue his family business in 1750. Homma started his rice trading business in a local trade with a port city called Sakata, which is a central area for collecting and distributing rice.
stock analysis, stock-IDX recommendations today
In the term candlestick there is the term "Sakata's Rules", this designation is addressed to Homma also known as "God of the Market". With this knowledge capital Homma plunged into the largest rice trade deal in Osaka, which is in Dojima and started his rice trade transactions until he became popular in the future.
Homma's power greatly affected the market price of rice, he collected annual weather reports and analyzed rice trade transactions at Yodoya (Dojima rice trade in Osaka) for the psychological study of investors. In fact he also puts his workers stare with a flag to send trading signals from Osaka to Sakata. With Homma's exaltation and exaltation, he managed to dominate trade in Osaka. After that, Homma began to expand its wings in the Regional Edo market (now known as Tokyo).
His luck is very multiply, even supposedly many say that the benefits gained by Homma had reached 100 times in a row. The great names and respect of the people in Edo to Homma are poured into the song: "If in Sakata (the city where Homma lives) shine, then cloudy in Dojima (trade of Dojima rice in Osaka) and rain in Kuremae (Kuremae trade in Edo)" .
In other words, if there is a good rice harvest in Sakata, the price of rice drops in Dojima rice, and the price of rice falls on Edo. This song tells how big the influence of Homma's power and his strategy on the rice trade market. In the future Homma became a consultant to the government and was given the title of samurai. He died in 1803. Before he died, Homma had written a book that was thought to have been written in the 1700s entitled "Sakata Senho and Soba Sani No Den".
This book tells about the principle of trade, as he applied in the rice trade. The book greatly influenced the methodology and candlestick history in Japan and has until now become the most popular method of stock exchange transactions through a technical analysis approach.
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