Understanding Candlestick Charts

Discussion in 'Technical Analysis' started by PaulTrader, Jan 12, 2023.

  1. easymon1

    easymon1

    #11     Jan 13, 2023
  2. %%
    Best to trade a % of your real estate profits\
    put market makers + specialists in profitable companies.
    Then/ most of millionaires in stock markets are investors, not traders.
    Certain exceptions apply/ but no wonder Paul Tudor[Paul trader] Jones bought a farm + shoots ducks for food:D:D
    Some metals dealers use time stamps[minutes + seconds] + some do not...........................
     
    #12     Jan 13, 2023
  3. easymon1

    easymon1

    How's it going over there. You get it all figured out?
     
    #13     Jan 19, 2023
  4. %%
    OK; i just looked @ some line charts which i seldom do.
    But its an innacurate line chart, no open gaps shown , which is a bit false info.
    [Even IBD newspaper which does not do open prices ,,will still show a open gap on thier red white , blue barcharts]
    But black + grey must be an simple , cheap way for WSJ print charts with less ink\LOL.:D:D
    I asked the Wall Street Journal to go back to thier red + green candles charts; the new black + grey candle charts are as clear as mud.
    I help them a bit with hand drawn red or green moving average above a bit, WSJ skimpy color black + white charts.
    So a 200dma on my charts is about 202day moving average\ colored red or green:caution::caution:
     
    #14     Jan 19, 2023
  5. Candlestick charts are a type of financial chart used to display the price movement of a security, commodity or currency. Each candlestick represents a specific time period, such as a day, week or month. A white or green candlestick means the closing price was higher than the opening price, indicating a bullish trend. A black or red candlestick means the closing price was lower than the opening price, indicating a bearish trend.
     
    #15     Jan 20, 2023
  6. GoldDigger

    GoldDigger



    If you find the candles confusing, you don't
    have to use them, you can go by the actual
    numbers.

    Do what works for you.
     
    #16     Jan 21, 2023
  7. oshjdf

    oshjdf

    Yes. It applies to all different types of charts e.g. renko, tick, kagi, etc. The starting point of the price data (offset), however, should not affect your trading system expectancy. If it affects, then it is not robust.
     
    #17     Jan 21, 2023