bars vs candles

I NOW USE A THICK SOLID LINE (BLUE FOR UP,RED FOR DOWN) INSTEAD OF BARS OR CANDLESTICKS. THIS FREES UP THE SCREEN AREA FOR OTHER INDICATORS WHICH MORE THAN MAKE UP FOR ANY LOSS OF INFO FROM NOT HAVING CANDLESTICKS.
 
I hate going to bars that have candles.

But for trading, I think Nisson did a good job in "Japanese Candlestick Charting Techniques" to add a few visual techniques to the basics of a chart. So except for the longer term charts I use candles. Long term, a line does the trick.
 
If candles are so good then why are all of these Japenese banks in trouble? Ask any one who has traded on a global institutional desk. Those guys in Tokyo are the biggest pickoff around.
 
Like the easy read of open and close price on candles.

Magna [nickname] had a good reason for barcharts,but personally found it more helpful to stick with candles.

Don't remember the reason,but remember he had a good point when i checked it out on the barcharts . :cool:
 
Originally posted by Pabst
If candles are so good then why are all of these Japenese banks in trouble? Ask any one who has traded on a global institutional desk. Those guys in Tokyo are the biggest pickoff around.
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LOL

nitro :D
 
Originally posted by Sean Juan


Candles do tend to show the emotion of the market more readily, however, I find it easier to let my decisions be affected by that emotion verses just watching the emotion of the market players.

The color in candles evoke some emotional responses. Red means good or bad and white means good or bad depending on your position.

I find it easier to watch the price action with bars, because bars focus entirely on price.
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this is what i've found too. although i still look at candles sometimes too, but only black and white candles. colored candles tend to illicit more of an emotional response from me.
 
Originally posted by Sean Juan
Bars for me.

I trade with a standard black ochl bar.

Candles do tend to show the emotion of the market more readily, however, I find it easier to let my decisions be affected by that emotion verses just watching the emotion of the market players.

The color in candles evoke some emotional responses. Red means good or bad and white means good or bad depending on your position.

I find it easier to watch the price action with bars, because bars focus entirely on price.

Sean
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i still use candlesticks sometimes, but i agree with you totally. lately i've been changing the colors. no longer are they green and red.
 
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