In this Trading 101 video we go over the difference between candlesticks charts and Bar charts otherwise known as open high low close (OHLC). Both of these chart types candlesticks and bar charts offer the same information for technical analysis, but Japanese candlesticks offer this in a clearer format.
Reading candlestick charts is quite simple as it involves the open, high, low, and close for each bar, along with the color coding of red and green.
Understanding candlestick charts and bar charts is a key aspect of understanding the markets that you trade.
Bruce Banks, www.envisionchart.com specializing in Futures and Forex
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I strive in this channel to deliver a mix of trading knowledge and practical, applicable, how to trade information related to stocks, futures and Forex markets whether you be a daytrader, stock trader, futures trader, or CFD trader.
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The indicators and methods that I use?
Methods: Technical analysis combined with a cursory overview of the market and it’s behavior as a whole. This includes high low mapping, prior resistance/support, multi time frame analysis, technical, and market conditions from outside sources.
Indicators and platform: TAS Market Profile Tools, custom indicators, and NinjaTrader. On our site we offer both training and a TAS Tools Discount
TAS VEGA is one of the key indicators in the TAS Tools indicator suit. It gives you a clear red light green light indication on strength or weakness in the market. With the orange bars giving you even more insight into what market profile is telling you about the current market situation.
TAS Tools works on Bloomberg, NinjaTrader, Meta Trader 4, MT4, eSignal, Gain Capital, and TradeNavigator. It overlays directly on your chart to give you valuable Market Profile Information in an easy to read interface.
The TAS Tools suit includes TAS VEGA, TAS Boxes, TAS MarketMap, TAS Navigator, TAS Ratio, TAS Static PCL support and resistance indicator, and TAS dynamic PCL support and resistance Indicator.
All of these are based off of Market Map which has been a powerful trading tool used for decades to see information that isn't readily available on your trading screen.
These tools work on Forex markets, Futures Contracts, Stocks, and ETF's.
NinjaTrader offers charting and an easy to customize package, it has been my go to platform for years:
EnvisionChart Website: www.EnvisionChart.com
Trading with Tick and Range Charts For Short Term Profit:
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POC Line Thickness
TAS Tools: VEGA Indicator Orange Bars and Scaling Out -Quick tip-
TAS Tools using TAS VEGA and TAS Boxes For Breakout Trades
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