Candlesticks Vol 2 – Candlestick Sentiment
http://www.YourTradingCoach.com Candlestick Charting – Vol 2 – Candlestick Sentiment
25 Responses to “Candlesticks Vol 2 – Candlestick Sentiment”
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enlightenment through excellent composition of words making everyone confused to live in a self? made confusion.
@YourTradingCoach Ahhh I think I understand, Thankyou? for that clarification. and thankyou for these videos they are helping me alot
@KoreanDancingFool
It’s common to hear it stated that in an uptrend (or a bull candle), it’s the bulls (or buyers) who are in control. And vice versa for a downtrend. “Control” is a poorly used? word here, which is the source of your confusion. What it means is that the buyers are driving price higher. They are chasing price higher and higher in order to get into the market; their orderflow overwhelming any bearish orderflow through greater numbers and/or urgency to transact.
In a? bear candle wouldnt buyers be in control and a bull candle sellers r in control. Bull would indicate that buyers are giving into the sellers right?
very good? video,thx
YourTradingCoach? – Thank you for the videos buddy
@szczaw55?
Hi szczaw55,
Thanks. I’m glad you like the candlestick vids.
Happy trading,
Lance.
Lance? , Im hook up to your lessons here.
Very nice work man. thanks
@alladarwish2424
Hi alladarwish2424,
LOL! Not confused… just stumbled over the words. Candlestick patterns are actually quite simple. It just takes a bit of? practice.
Cheers,
Lance.
in 4:44 even you got confused bro! its so confusing? but thanks a lot for the video. amazing explaination
awesome thank? you
really great videos, lance!? many thanks!
@pinko1975
LOL! Too big a question to? answer in the 500 character YouTube comment box. Essentially you’re asking, ‘How should I trade?’ There are numerous sites on the internet providing information on strategy. Check out my website (link at the top right of my YouTube page). Also my resources page will link to other sites I’ve found useful.
Hope that helps a bit.
Lance.
May I ask a different question? Let’s assume that in the next 3-5? das we know that one stock is gonna go down . Ho do you speculate on itsw price going down? What kind of strategy would you use? Any derivatives?
Mostly standardized,? in that you will usually find charting platforms offering 1 min, 5 min, 15 min, 30 min, 60 min, daily, weekly. Some platforms offer additional time periods as well. Some also allow customization – eg. you could display a 37 min chart if you wished, with each price bar representing 37 mins of data. Not sure why you’d want to though.
Cheers,
Lance.
I see, makes sense now. Are these time frames standardized or? you can decide on their lenght?
Hi pinko1975,
Yes price is continuously changing, but in order to represent it on the chart in a useful manner we need to break it into parts, usually based on time (eg. 5 min, hourly, etc). If we weren’t to break the whole day’s data into chunks and instead represented it as a stream of individual prices? (a 1 tick chart) we’d only be able to display a small period of data at any one time and would quickly lose the focus on the bigger picture.
Cheers,
Lance.
Hi there , I just started to watch your videos.? My trading knowledge is very basic. I wanted to ask a silly question. Why do you have a candlestick for each hour? I mean why is there an Open and Close price for each hour ? Isn t the price of a stock continuosly changing?
Thanks
What materials should one reado to become a great day trader. this stuff seems ery easy especially considerring? the other books i have read on fundamentals
Hi yvan2505,
Thanks for your feedback. I’m glad you’ve enjoyed the trading vids.
All the best? with your trading,
Lance.
It’s been 3 months now that I’ve been watching your videos. i never had time to leave comment so here it is: You are a great teacher. Your voice is? unmistakable! I learned a lot, many thanks to you.
Hi joliaw65,
Cool. Thanks for your feedback. I? hope you enjoy the remainder of the candlestick video series.
Cheers,
Lance.