@tiddlywinks, Just a curious question since u said u have been using SC for 15yrs, def longer than me. Do u use market depth to trade?
Well, if you're saying that the wicks and tails are more important than the body, my personal view is that reading those are far more easy on candles. It does seem that those using either candles or OHLC bars use it simply out of habit.
@M4-1: Do you vary your bet size based on the timeframe? (Is a low-risk entry on the 1 min. the same as on the 1H?)
Agreed! Full candle is important in my vision, sometimes body shows the bullish and bearish reversals, for eg, original hammer needs to be confirmed with consecutive more bullish patterns and if big green is there, bulls wins the rally and strong hold over the market
Candles, Bars, wood sticks, don't matter (I am most definitely a Bar man) if you know what you are doing, if you don't...
Might as well use a line chart then if the O-H-L-C of each bar doesn't matter...? As far as I can tell from my own studies - it does matter.
They do show the same information (candles versus OHLC bars) - they just visualize it differently (hook versus body). To me, I find candles easier to read, but it's possible that those who've used bars find it the other way around.
Shure it matters, but only if you know what you are doing, otherwise they are just drawing on a chart. I prefer Bars with good reason and I would not change them with candles in a million years, but then that's just me
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