Candlestick patterns work best on which time frame(s)? - Page 2
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  1. #11
    Join Date
    Jul 2013
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    2,540
    Quote Originally Posted by GerhardtW View Post
    Depends from the pattern.

    Not my experience, at all.


    Quote Originally Posted by GerhardtW View Post
    For example, pennants and flags you will recognize them most of the times in a short-term timeframe. Triangles you will find them in a medium-term chart and rounding top or bottom pattern on a long-term timeframe.

    Currency charts are fractal, so I can't imagine any reason at all why there would/might be more rounding top/bottom patterns on a long-term timeframe than on a shorter-term one. That would really be extremely strange, if it were so!

  2. #12
    Join Date
    Feb 2016
    Posts
    145
    Quote Originally Posted by lexys View Post
    Currency charts are fractal, so I can't imagine any reason at all why there would/might be more rounding top/bottom patterns on a long-term timeframe than on a shorter-term one. That would really be extremely strange, if it were so!
    On a long-term timeframe is more possible for a pattern to be complete successfully.

  3. #13
    Join Date
    Dec 2016
    Location
    San Diego
    Posts
    27
    Hi,

    Higher time frames more than 1 hour chart is the best for trading with candlestick patterns. Because in lower time frames you get noises and certain candlestick patterns creates confusion for traders. In higher time frames like daily time frames you can get clear candlestick patterns.

    - Jim
    Last edited by Jess; 05-09-2017 at 07:31 PM.

  4. #14
    Join Date
    May 2008
    Location
    Toronto
    Posts
    326
    Personally, I like the longer time frames, that is what suits me.

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