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silly question

 
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sek



Joined: 06 Feb 2006
Posts: 1

PostPosted: Mon Feb 06, 2006 9:25 pm    Post subject: silly question Reply with quote

Im new to candlestick charting so heres a dumb question. Can anyone please tell me why some chart programmes show the body of a daily candle always opening at the same level as the previous days close (which eliminates gaps etc and gives a false picture) whereas others show the body level with the actual opening. Why is this and which should I use ?
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PostPosted: Tue Feb 07, 2006 2:35 am    Post subject: Reply with quote

If you are interested in using the candlestick charts to help you interpet investor sentiment then I would recommend using the regular candlestick chart complete with gaps, real bodies and tails. These features tell a tale on the chart.
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buckeye
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PostPosted: Tue Feb 07, 2006 8:58 am    Post subject: Reply with quote

Maybe some of the charting difference is the timeframe that is used? Maybe the markets that you follow have extended hours. One chart shows the "normal" hours (with gaps, etc), while the other chart reflects "extended" trading hours which would tend to smooth out the gaps.
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Guest






PostPosted: Tue Feb 07, 2006 10:33 am    Post subject: Reply with quote

Are you trading Forex? Because there are no gaps in Forex Market.
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PostPosted: Tue Feb 07, 2006 11:10 am    Post subject: Reply with quote

Maybe you are looking at three line break charts rather then regular candlestick charts ?
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Tue Feb 07, 2006 11:14 am    Post subject: 12 major signals Reply with quote

I would suggest learning the 12 major signals, then you can apply those signals to what your trading. Then studying the gaps will be easier to interpret.

The following link will take you to a short summary of each signal: https://www.candlestickforum.com/PPF/Parameters/16_20_/candlestick.asp

We are currently offering the 12 Major Candlestick Signals Educational videos as our newsletter special. Click on the following link for more details:
https://www.candlestickforum.com/store/more_info.asp?Product_ID=45
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abbo



Joined: 12 Sep 2004
Posts: 148
Location: australia

PostPosted: Wed Feb 08, 2006 7:10 pm    Post subject: Reply with quote

what chart suppliers are you referring to. Give some examples so we can analyse your issue
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