Understanding Candlestick Charts

[easymon1]

Candlestick Charts

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[murray t turtle]

Thank you much. I am learning a lot. I have some real estate but I want to move faster.

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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
Some metals dealers use time stamps[minutes + seconds] + some do not...........................

 

[easymon1]

investor. I see a lot of interesting data about Candlestick Charts.

How's it going over there. You get it all figured out?

 

[murray t turtle]

Thank you much. I am learning a lot. I have some real estate but I want to move faster.

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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.
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

 

[Claudia Costa]

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.

 

[GoldDigger]

I am a new investor. I see a lot of interesting data about Candlestick Charts. I have two questions about these charts. Is there a minimum time scale for these charts?

If I generate a candlestick chart at 10 minute time intervals and then generate a second 10 minute interval candlestick chart using the same data but with a 2.7 minute offset, other than the trends, candlestick behavior could be completely different. This new chart could remove or displace all of the key trigger handles. Is my logic correct?

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.

 

[oshjdf]

I am a new investor. I see a lot of interesting data about Candlestick Charts. I have two questions about these charts. Is there a minimum time scale for these charts?

If I generate a candlestick chart at 10 minute time intervals and then generate a second 10 minute interval candlestick chart using the same data but with a 2.7 minute offset, other than the trends, candlestick behavior could be completely different. This new chart could remove or displace all of the key trigger handles. Is my logic correct?

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.