The candlestick trading bible

10
THE CANDLESTICK TRADING BIBLE 
that bar chart generate with the added clarity and additional signals 
generated by candlesticks. 
-Candlesticks are used by most professional traders, banks, and hedge 
funds, these guys trade millions of dollars every day, they can move 
the market whenever they want.
They can take your money easily if you don’t understand the game. 
Even if you can trade one hundred thousand dollars trading account, 
you can’t move the market; you can’t control what is going in the 
market. 
Using candlestick patterns will help you understand what the big boys 
are doing, and will show you when to enter, when to exit, and when to 
stay away from the market. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

---

11
THE CANDLESTICK TRADING BIBLE 
What is a candlestick? 
Japanese candlesticks are formed using the open, high, low and close 
of the chosen time frame. 
-If the close is above the open, we can say that the candlestick is bullish 
which means that the market is rising in this period of time. Bullish 
candlesticks are always displayed as white candlestick.
The most trading platform use white color to refer to bullish 
candlesticks. But the color doesn’t matter, you can use whatever color 
you want.
The most important is the open price and the close price. 
-If the close is below the open, we can say that the candlestick is 
bearish which indicates that the market is falling in this session. 
Bearish candles are always displayed as black candlesticks. But this is 
not a rule.

---