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Candlesticks Basics - 1

In this first volume, the speaker discusses the construction of a candlestick chart.  He provides an explanation of the traditional bar chart and then moves on to illustrate how the candlestick chart provides exactly the same information but provides a better visual representation of the movement of price, allowing quicker identification of the short term sentiment of the market. 

He talks through three key components of the candlestick chart; the real body, shadows (or wicks), and the color of the real body (green or red).  He discusses how a bullish candle (green body) is constructed and also how a bearish candle is formed. 

The speaker then moves on to providing a few examples of variations in candlestick patterns. 
Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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