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Date 1-JUNE-11 1-JULY-11 1-AUG-11 1-SEP-11

Commodity Symbol CRUDEOIL CRUDEOIL CRUDEOIL CRUDEOIL

Contract/Expiry Month 31-JULY-11 20-AUG-11 4-SEP-11 25-OCT-11

Open(Rs) 4150 4450 4280 4300

High(Rs) 4500 4600 4450 4530

Low(Rs) 4000 4200 4030 4200

Close(Rs) 4400 4490 4250 4470

Date 1-JUNE-11 1-JULY-11 1-AUG-11 1-SEP-11

Commodity Symbol ALUMIN ALUMIN ALUMIN ALUMIN Commodity Symbol GOLD GOLD GOLD GOLD

Contract/Expiry Month 31-JULY-11 20-AUG-11 4-SEP-11 25-OCT-11 Contract/Expiry Month 31-JULY-11 20-AUG-11 4-SEP-11 25-OCT-11

Open(Rs) 115 114 112.6 112.5

High(Rs) 115.5 116 114 117

Low(Rs) 110 112.5 111.1 111.2

Close(Rs) 113 115 115.6 115

Date 1-JUNE-11 1-JULY-11 1-AUG-11 1-SEP-11

Open(Rs) 21000 22000 22250 22250

High(Rs) 23000 24000 25000 23000

Low(Rs) 20500 20000 21000 21350

Close(Rs) 22500 23000 20500 22980

Candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes - whatever you want! Candlesticks are used to describe the price action during the given time frame. Candlesticks are formed using the open, high, low, and close of the chosen time period.
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If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn. If the close is below the open, then a filled candlestick (usually displayed as black) is drawn. The hollow or filled section of the candlestick is called the "real body" or body. The thin lines poking above and below the body display the high/low range and are called shadows. The top of the upper shadow is the "high". The bottom of the lower shadow is the "low".

"Vision without action is a daydream. Action without vision is a nightmare." Japanese Proverb

First off, it is very comprehensible. From the amateur chartists to the professional ones, anyone can easily understand the techniques of analyzing candlestick stock. It is mainly because similar data, which are required to assemble a bar chart (includes the high, low, open and close prices) can also be applied for the candlestick chart analysis. It is also very direct. Add to that, there are a lot of packages that will instantly draw them for traders - like the trade station and super charts. The names for the candles are also varied and can be remembered easily

It also supplies pertinent information about the patterns of market turns. Due to the method of reading the interpretations in candlestick trading, the system can propagate reversal symbols, which are relatively more visual, in several sessions, instead of the bar chart, which commonly spends weeks for a reversal signal to be sent. This implies that the candlestick charts which are embedded in these market turns will be repeatedly in progress of the common indicators which will aid you in getting in and out of the market with the right timing. Another benefit you can acquire from using the candlestick analysis is that it provides you with very unique insights for your market. It does not only present you with how the trend is peaking but also it shows you the force which hammers the move - which cannot be presented through the bar charts. It also improves the Western charting analyses. The candlestick chart is highly compatible to any of the present Western technical tools or software used in market analysis. However, candle charting provides you great timing and benefits in trading - both of which are not accessible with the bar charts. This innovation in systematizing the techniques used can jump on those who use only the typical charting Western technique. You can also embed these into candlestick software to make the job easier for you. Also, you can synergize the common bar chart with the candlestick chart, along with the traditional market indicators. They are the best means of spotting good opportunities and sorting out time trades with other indicator types. Lastly, it describes market momentum. The way it is illustrated and explained does not only provide the price direction. It describes the relationship behind the prices by the body through graphs - with some additional visual edge, which can be seen in the way they are illustrated.

. Easy to understand: Anyone, from the first-time chartist to the seasoned professional can easily harness the power of candle charts. This is because, the same data required to draw a bar chart (high, low, open and close) is used for a candle chart. 2. Provide earlier indications of market turns: Candle charts can send out reversal signals in a few sessions, rather than the weeks often needed for a bar chart reversal signal. Thus, market turns with candle charts will frequently be in advance of traditional indicators. This will help you to enter and exit the market with better timing. 3. Furnish unique market insights: Candle charts not only show the trend of the move, as does a bar chart, but, unlike bar charts, candle charts also show the force underpinning the move. 4. Enhance Western charting analysis: Any Western technical tool you now use can also be used on a candle chart. Candle charts, however, will give you timing and trading benefits not available with bar charts. This merging of Eastern and Western analysis will give you a jump on those who use only traditional Western charting techniques.

Read more: http://forums.babypips.com/forextown/115-advantages-candles.html#ixzz1lEiDhSN3