Candlesticks Vol 1 – Candlestick Design
http://www.YourTradingCoach.com Candlestick Charting – Vol 1 – Candlestick Design
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mate – Thanks !
Ok thanks a lot.
Just finished watching all your videos and I really appreciate the time and effort that you’ve put into sharing your knowledge with the world.
Your teaching style is highly conducive in understanding these concepts.
thankxx a $M
Hi TheDjbang,
General questions like this are best asked through my website, so I’m not limited to 500 character responses.
It’s actually not legal in Aust for me to recommend a broker (financial advice). Just try a number of demo’s, and try calling their customer spt lines during peak times. Pick the one you like best. Then if they don’t work out, ditch them & try another.
Remember, you’ll find negative comments for all brokers on the net. Rarely do people post positives.
Cheers,
Lance.
Hi Lance,
I’m wondering if you have advice on a good forex broker?
I’m in Sydney and have been researching FXCM as a forex broker.
So far I’ve tested their demo account and it seems stable. I’ve read reviews on their services by some of their ex clients who were dissatisfied with the service.
I’m not sure if the service is at fault or that the clients were amateurs.
So a point in the right direction would be well appreciated.
Love your teaching method!
Hi Steve,
I don’t trade stocks so I’m not the best person to ask. The only high-quality free non-expiring demo for stocks that I know of is from Think Or Swim (can’t put a link here so you’ll have to do a search, or email me via my website). It has the historical data you’ll need plus incredible functionality – all at no cost.
If any stock traders read this comment and can suggest an alternative, please add your comment.
Cheers,
Lance.
Hello again Lance. Please can you suggest a website that offers a free practice/demo account that utilises a candlestick platform ?I need to see stock performance history – using candlestick tech -and current buy/ sell price, all in one screen. To practice with.
Thanks for your time buddy,
Steve.
Hi morgandrim,
I can’t recommend what’s right or wrong for you. However, if I was starting out again the following would be my thoughts…
Given the failure rates of new traders, I’d aim to ensure ALL expenses are minimised. There are numerous brokers who provide platforms with exceptional tools, available at no cost. I’d seriously consider using these free resources while learning to trade.
Cheers,
Lance.
Hi Lance. I`ve been looking at trading the markets for a couple of months. Would you say that someone new to this would be wise to invest in some Level II software ?
this guy is the master and should be paid for speaking, fricken accents.
But yeah awesome I will sure criticize and learn, as I want to be a shark, a red indian shark.
Hi castelinop,
Thanks for the great feedback. I’m glad you enjoyed the video.
Happy trading,
Lance.
Very well done, great introduction to candlestick trading for someone like me. Great Job, these videos will help me on my path to become a better trader.
Hi zeffery57,
Any market, any timeframe, provided it’s liquid enough to ensure smoothly flowing price, rather than price jumping all over with lots of gaps (have a look at some of the illiquid options contracts on an intraday timeframe for an example of an unsuitable market.
Cheers,
Lance.
Hi,
On what time frame does this candlestick tutorial apply/
Thanks.
Hey morgandrim,
Thanks for the feedback. Glad you enjoyed the videos.
Cheers,
Lance.
This is waht I`ve been looking for. Thanks bloke ! It has educated me somewhat.
GOOD VIDEO;) THX
Hi affectedstudent,
I’m glad you enjoyed the video (and all the others).
thanks for your feedback,
Happy trading,
Lance.
excellent explanation..thanks buddy
Hi iftyshifty,
You’re more than welcome. I’m glad you’ve found it useful.
Cheers,
Lance.
Cannot THANK YOU enough for this excellent tutorial.
thanks for your answer.
i understand meaning of candle’s length.
Hi ahmadhoo,
The low point of the candle is the lowest level that price reached during the candle. The high is the highest price reached during the candle. So, the range from low to high is the complete price range for the duration of that candle. The width is has no significance.
Cheers,
Lance.
Does represent length of a candle stick
that how much price move for a time like
an hour or a day ? what does mean width
of candle stick ?
Hi birchmanllc,
Remember though, they’re not the Holy Grail. The patterns are objective in showing a short-term change in sentiment, but be sure to look at where the pattern is occurring within the market structure, and ALWAYS manage risk.
Candlesticks are pretty cool. I’m just now learning them and intend to use them along with my indicators. As long as I can figure out how to make them objective I’m good.