O'Reilly logo

Candlestick Charts : An introduction to using candlestick charts by Clive Lambert

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

6. The Real World – Practical Application

Different time frames

Discovering your time frame: longer-term traders and money managers

“So what time frame charts should I use, then?” is a question I am often asked. My answer is always the same: “You need to work that out for yourself.”

So far in this book we have discussed the common candlestick patterns by mostly viewing daily charts, where each candlestick represents a day’s data.

We have seen a few examples of weekly charts, like the chart for Euro/USD with all the Hammers on it (Figure 3-3).

Daily and weekly candlestick charts can be used for making investment decisions with a time horizon of anything from two weeks upwards. When I say “time horizon” I mean the time frame for holding ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required