T2W Bot

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One of the most common areas of confusion for the new trader is chart reading. For example, I had a trader who had been trading for years, but he did not know the difference between the two types of candlestick charts. As we were going through the technical analysis material, it was clear that he understood the basic candlestick concept, but nothing more.
The basic candlestick concept is in all of Steve Nison’s books and similar books on conventional technical analysis. Yet the info presented there is somewhat single dimensional because it focuses only on a single trading session. For instance, every candle has four points which are well-known. They are the (H) high, (L) low, (O) open and (C) close. The range is the distance between the high and low; whereas, the real candle body is the measurement between the open and the close. Usually, there are two common ways of coloring. The bullish candles use either green or white, while the bearish candles use red or black, depending on...

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