Candle sticks

chloethebull · September 18, 2009, 8:42am

hi i was wonder what charts are best used with candle sticks an bollinger bands…or does 1 just pan through various time duration looking for pattern an trends?thanks

DRA · September 18, 2009, 9:12am

You could start with the daily and then go to lower time frame for entries once a direction is establish.

chloethebull · September 18, 2009, 10:06am

hi…i was looking @ 1day/30min…would i be safe to say…that a spinning top has formed in a downward trend which could signify a reversal uptrend …thanks for your help…tryn to get confidence in what i see in the charts …if u have any tips i would really appriciate any…thanks very much

DRA · September 18, 2009, 10:22am

Some use it as a reversal candle, by definition it is. I use reversal candle formations with the system I trade but not spinning tops. I use tweezers, morning/evening stars and engulfing candle formations. There are many others that works I’m sure.

chloethebull · September 18, 2009, 1:14pm

hi…when i did the schooling …it talked about doji candles gave 4types…long legged …dragonfly…gravestone…four price doji…but didn;t specify which were
pos-neg…or are they pos neg depending on the candle sticks to the left of the doji…thanks

DRA · September 18, 2009, 1:39pm

I’m not sure what you mean by positive or negative. Doji candles helps make up most reversal candlestick formations except engulfing formations. Doji candles are indecision candles meaning that theres a fight between sellers and buyers, the candle that follows more than often determine the direction of the next move.