Hi all,
I was wondering what do veteran successfull traders use? Candles or Bars? Or both?
I know it probably depends on a person, but reading the earlier threads it seems candles are not trusted by the veteran traders. Most of the screenshots in james16 thread are done with bars. Alexander Elder also uses them in "Trading for Living" Also, double tops and bottoms are not available for candles.
I am currently using candlesticks but would like to know if there is no difference between these two or each has its advantages or disadvantages?
Thanks
I was wondering what do veteran successfull traders use? Candles or Bars? Or both?
I know it probably depends on a person, but reading the earlier threads it seems candles are not trusted by the veteran traders. Most of the screenshots in james16 thread are done with bars. Alexander Elder also uses them in "Trading for Living" Also, double tops and bottoms are not available for candles.
I am currently using candlesticks but would like to know if there is no difference between these two or each has its advantages or disadvantages?
Thanks