Comment on Getting Started with Candlesticks

Mehul commented on 19 Oct 2015, 08:19 AM

Thank you so much for the reply sir.
I’m presuming by EOD data you mean to say daily “open high low close etc” data for past few days, please correct me if I’m wrong. Another question is what if some pattern observed on intraday candlestick 5min or 10min chart or perhaps some other minute time frame chart? Is it useful to generate buy/sell signals? Because sometimes there is lot of action on intraday itself, so can candles prove as good confirmation on intraday trades. If so what time frame you suggest for intraday candles?
P.S. yes I’m new to trading but I’ve been testing my programmes/algorithms in live market for quite a some time now.

View the full comment thread »