Recent content by Tradido

right, but the middle bar also has a lower low than either bar surrounding it, then I have a local low in the same bar. How am i supposed to use it? as a local high or a local low? Since the trends I'm finding are determined by the local lows and local highs I find, I may find different trends...

Ok, so I need to look at the high and low values of the candlesticks in order to identify the trends. But what happens if I see a case which is composed of segments like in my picture? It will have higher highs and lower lows at the same time! should I just ignore it because it tells us nothing?

I'm not talking about the *candlestick*'s high and low. I looking at the overall graph in order to find the local minimas or local maximas so I can identify the trends. In my picture the middle candlestick can be considered a local maxima or a local minima, depends on which values of the...

wait... Suppose that I'm looking for a up trend. For this I need to find a low point in the graph and then a higher more recent low point and the same for high points. (this is what I learned). So if I look at the graph composed of high values of the candlesticks I might get a different result...

I was just trying to understand which value of the candlestick we refer to as the actual value when looking for highs and lows. I think I'll use the average of the high and the low values. thanks everybody :)

I'm a begginer, so I didn't quite understand what you mean. I'll explain my problem in more details :) : because I thought that If I use the high and low values - I might get contradicting trends by looking at them. Suppose the chart contains several candles with the same closing and opening...

Hi! I'm looking at some candlestick charts and trying to find the existing trends. But I'm a little confused... When looking for a low or high point in the chart, which values should I look at: The high/low values or the closing values? thanks!