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Old 06-29-2008, 12:39 PM
zoreli zoreli is offline
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Join Date: May 2008
Posts: 33
Default candlestick chart explanation needed

Hi

I start to read books about candlesticks, like High Profit Candlestick Patterns, Forex Patterns and Probabilities and some others, but I didn't find answer on my question there, so I decide to ask here.

I need help to understand the following:

When I open one hour chart, I am seeing about 65 candles. Is that mean that I am seeing price moving in last 65 hours? That is, on one hour chart one candle represent one hour?

Same story with daily chart. I am seeing there about 65 candles, If each candle represent one day, I am looking at price movement in last 65 days?

If I am wrong, please explain to me what one candle represent on the chart.


Regards, Zoreli
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