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Title: Candle stick graphs Post by: sab1234 on October 22, 2017, 01:56:22 PM Hi,
I just got started with trading and am confused about why the open and close are so different from the variation in price over a given range. The open and close give the candle stick its body size based on which a lot of people call it different names. But what makes those two instants so different from the normal price variation like in a bar chart? Title: Re: Candle stick graphs Post by: Oilacris on October 22, 2017, 02:02:13 PM Hi, When you are pertaining on candlesticks then this link might help you out. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks . Usually candle stick charts being used when you are really pertaining on closing and opening prices and in my opinion i do easily read up when it is being showed on candle form than on bars.I just got started with trading and am confused about why the open and close are so different from the variation in price over a given range. The open and close give the candle stick its body size based on which a lot of people call it different names. But what makes those two instants so different from the normal price variation like in a bar chart? Title: Re: Candle stick graphs Post by: Iranus on October 22, 2017, 02:05:17 PM Because of simple volatility. This could be people who are watching the market too closely and are scared of tiny fluctuations, or whales who buy or sell significant enough amounts to move the market and then the price stabilises afterwards. It could also be that there is a correction or bull run which is overhyped and then people bring the price back to a reasonable range.
The point of a candlestick graph is to show all of the available information from a line graph in a simpler manner that people can comprehend. It's also useful for technical analysis, hence all the candlestick patterns that people attempt to observe. Title: Re: Candle stick graphs Post by: nkarm1 on October 22, 2017, 02:20:25 PM Hi, I just got started with trading and am confused about why the open and close are so different from the variation in price over a given range. The open and close give the candle stick its body size based on which a lot of people call it different names. But what makes those two instants so different from the normal price variation like in a bar chart? Upon reading all those explanation and tutorial on how to use candlestick and other tools out there, I really struggled understanding them because they have no examples that really show real time application. So I started looking for an auto trader and I saw a thread (https://bitcointalk.org/index.php?topic=1715214.msg17180511#msg17180511) that sells a bot and it explains on how the bot works, and you can really use the principles in manual trading. This thread (https://bitcointalk.org/index.php?topic=1715214.msg17180511#msg17180511) (click the link) is of the simplest and somehow applicable for beginners. Title: Re: Candle stick graphs Post by: gabbie2010 on October 22, 2017, 04:33:29 PM Hi, First and foremost as a newbie you need to google out pictorials of this candlesticks and study them, do not get confuse with open, close, high and low of a candle, the distance between the open and close forms the body of a candlestick the bigger the body the higher the momentum.I just got started with trading and am confused about why the open and close are so different from the variation in price over a given range. The open and close give the candle stick its body size based on which a lot of people call it different names. But what makes those two instants so different from the normal price variation like in a bar chart? Also try and study the different patterns of candlesticks like bullish engulfing bar (BUEB), bearish engulfing bar (BEEB), morning and evening stars, bullish and bearish haramis, dark stars and pin bars, this are tools that can enhance your trading to be profitable when formed at support or resistance. Title: Re: Candle stick graphs Post by: Efta321 on October 22, 2017, 04:58:32 PM the success of a bounty can make the price can pass the normal price.
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