Comment on Getting Started with Candlesticks

Sachin commented on 28 Dec 2014, 02:59 PM

Thanks for this excellent tutorial. It has been very useful.
I need one clarification on the point “Buy strength and sell weakness”. Your comment says “whenever you are buying ensure it is a blue candle day and whenever you are selling, ensure it’s a red candle day.”
However, on the trading day, how do you determine if it is a blue / red candle day? Because at that point you only know the open price and the candle for the entire day is not yet formed. Did you mean the intraday candle formed for that day till that point should be blue/red?

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