I need some help understanding candles examples from the forex begginer course

Beginner Questions
1

Hello everyone,

I have a doubt that would be awesome if any of you could help me out.

I’m doing the forex begginer course and I’m having troubles understanding some of the examples, let me explain:

When explaining Hammer and Hanging man, we have this example:

https:// bpcdn.co/images/2016/05/grade2-hammer-hanging-man-example.png

As you can see, the open price is not equal to the closing price of the preceding candle, and as I understand it should be.

The same goes for Doji:

https:// bpcdn.co/images/2016/05/grade2-long-black-candle-doji.png

Am I missing something?

Thanks for taking the time to read and answer.

Cheers!

2

I’m not familiar with the course but I didn’t think these two prices in each case had to be identical. I can’t see how that would strengthen the signal if they were or weren’t. Likewise, doji’s can incorporate gaps and still be valid doji’s.

If this is the level of detail you need, I recommend the pattern site by Thomas Bulkowski.

3

Yeah, the thing is I’m not trading forex but using its trading analysis and fundamentals.

As I see now, there are gaps in forex trading and not in what I’m trading.

In what I’m trading the open price seems to be equal or really really close to the closing in the preceding candle, everytime.

For example:

But I understand now, If theres a gap (or not) the pattern works the same.

Am I correct?

4

I am not using Pattern trading system but I know it’s a very popular trading system! In this case, you can Google it by the specific name of pattern! I am sure, thus you’ll get enough number of examples!