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Old 12-14-2006, 03:23 PM
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honeb honeb is offline
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Join Date: Dec 2006
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ramrocket pretty much said everything i would have said.

1) candlesticks are easy to follow and learn for anyone. it does provide a bit more info then other charts but its still simple to understand

2) there are so many patterns and candlestick formations that really help in early signs of a reversal. this is so powerful if you know how to use them properly.

3) you can see the trading range in that particular session.

4) lines usually only capture closes. bars only caputres highs, lows, opens and closes but candlessticks captures all these things including filling in opens and closes so that you can actually see the true direction of the candle sticks. its one thing to see a stick bouncing upwards into an obviouse trend but when you can also see all the candle sticks showing a positive color its just more prominent and easyier to stop.

when i first started trading i learned with candle sticks. even as a bigginer i found them easier to understand then a line graph.
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