Understanding Candlestick Charts

New to Trading Candlestick Charts Understand the parts of a Candlestick Pattern. Full article Below We go over doji candlesticks, the real body, wicks, and all respective parts of a candlestick chart. After this video, you will have a complete understanding of all of the respective parts of trading a Japanese candlestick chart. Part 1: Candlestick Chart time periods. The Time period you choose for your chart is represented by the start of each bar and the end of each bar. Each candlestick will represent the time that you have selected for your specific chart. A one hour Japanese candlestick chart will start and end at an even time. Part 2: Candlestick charts explained The body, real body, wick, tail, and shadow of the candlestick are the respective parts of the candle stick chart. We explain each in detail, and show you how to identify highs, lows, opens, and closes. Part 3: Doji Candlesticks Doji candlesticks, or doji bars refer to when the open and close of a candlestick is at or near the same level, therefore leaving no discernible body, or real body to the candlestick. Part 4: Candlestick opens and closes not matching up A brief explanation of why some candlesticks don't match up with their opens and closes. This is often due to lack of volume in the market. The prices that appear on your charts are an attempt to give you the clearest representation of the actual traded prices. The goal for this video on how to trade candlesticks is not for an overly technical analysis of the chart, but an understanding of the different, more basic, aspects of learning how to trade. It is aimed at the beginner trader who must understand all the respective parts of charting to stack the odds in their favor. Check out some of my other videos on: