Candlestick Quick Ref

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    Quickly and easily master the common Candlestick Charting patterns, with the Candlestick Charting Quick Reference Guide www.YourTradingCoach.com  Because you’d rather be trading for a living!       Candlestick Charting Quick Reference Guide www.YourTradingCoach.com  © Copyright 2010. Lance Beggs. All Rights Reserved.   Disclaimer   This document is published by LB68 Publishing Pty Ltd. If you continue to browse and use this document, you are agreeing to comply with and be bound by the legal notices of our primary website, YourTradingCoach.com: Disclaimer - http://yourtradingcoach.com/disclaimer/  Terms and Conditions - http://yourtradingcoach.com/terms-conditions/  Privacy Policy - http://www.yourtradingcoach.com/privacy-policy/  All references to this document and the content within refer to not only this document but also to all associated and related courses, products, services and webpages, and all mediums of communication including text, video, audio and image. This document is for educational and general informational purposes only and nothing contained on it is or is intended to be construed as advice. It does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon or treated as a substitute for specific or professional advice. You should, before you act or use any of this information, consider the appropriateness of this information having regard to your own personal objectives, financial situation and needs. You should obtain your own independent professional advice before making any decision based on this information and you agree that you use this document and all related content at your own risk. The information in this document is general in nature only. It should not be your only source of information but should be treated as a guide only. We make no representations, promises, warranties or guarantees regarding any positive impact on your business including revenue or otherwise. The content of this document has been prepared by LB68 Publishing Pty Ltd on the basis of information and sources believed to be reliable. While we endeavor to keep the information up-to-date and correct, we make no representation or warranties of any kind, express or implied, about the completeness, accuracy, reliability or suitability with respect to the information contained in this document for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including and without limitation, indirect or consequential loss or damage, or any loss or damage howsoever arising from loss of data or profits arising out of, or in connection with the use of this document. Reference to any market, trading timeframe, analysis style or trading technique is for the purpose of information and education only. They are not to be considered a recommendation as being appropriate to your circumstances or needs. All charting platforms and chart layouts (including timeframes, indicators and parameters) used within this document are being used to demonstrate and explain a trading concept, for the purposes of information and education only. These charting platforms and chart layouts are in no way recommended as being suitable for your trading purposes. Charts, setups and trade examples shown throughout this document have been chosen in order to provide the best possible demonstration of concept, for information and education purposes. They were not necessarily traded live by the author. Through this document you may be able to link to other websites which are not under the control of LB68 Publishing Pty Ltd. We have no control over the nature, content and availability of those websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.      Candlestick Charting Quick Reference Guide www.YourTradingCoach.com  © Copyright 2010. Lance Beggs. All Rights Reserved.   Disclaimer   U.S. Government Required Disclaimer: Commodity Futures Trading and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41  - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN      Candlestick Charting Quick Reference Guide www.YourTradingCoach.com  © Copyright 2010. Lance Beggs. All Rights Reserved.   Candle Definition Colour  The colour is generally displayed as green and red candles (or white and black candles).  Green candles are bullish, closing higher than the open.  Red candles are bearish, closing lower than the open. Candle Properties Body Size  The body size represents the degree to which the bulls overcome the bears (green candle) or the bears overcome the bulls (red candle).  A large body shows increased commitment.  A small body shows reduced commitment.   Range  The range of the candle is the distance from the high to the low, and represents the volatility of the price during the time period represented by the candle.  A wide range shows increased volatility.  A narrow range shows reduced volatility.   Shadow Location  Shadows above the real body show rejection of higher prices (selling).  Shadows below the real body show rejection of lower prices (buying). BULLISH (GREEN) CANDLE BEARISH (RED) CANDLE LARGE REAL BODY SMALL REAL BODY WIDE RANGE NARROW RANGE UPPER SHADOW (SELLING) LOWER SHADOW (BUYING)
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