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Articles & Books From Russell Rhoads
Demystify stock charts so you can up your investing game Candlestick Charting For Dummies is here to show you that candlestick charts are not just for Wall Street traders. Everyday investors like you can make sense of all those little lines and boxes, with just a little friendly Dummies training. We’ll show you where to find these charts (online or in your favorite investing app), what they mean, and how to dig out valuable information.
Cheat Sheet / Updated 05-03-2022
Make smart trading decisions using candlestick charting. This cheat sheet shows you how to read the data that makes up a candlestick chart, figure out how to analyze a candlestick chart, and identify some common candlestick patterns.Constructing a candlestick chartFour pieces of data, gathered through the course of a security’s trading day, are used to create a candlestick chart: opening price, closing price, high, and low.
Article / Updated 03-26-2016
If you’re examining or trading a candlestick pattern, keep these guidelines in mind before you decide what to do with your money, so you can make an informed decision:
Determine whether the market is trending up, trending down, or not trending at all.
If you put on a trade, be prepared to identify the point at which you take a loss, especially when you’re trading against the trend.
Article / Updated 03-26-2016
You can become more familiar with some common and dependable candlestick patterns by checking out the following figures. (Remember, they don’t represent every possible candlestick pattern.)
Bullish two-day trend reversal patterns
These charts are a few of the most common and reliable bullish two-day trend reversal patterns in an uptrend.
Article / Updated 03-26-2016
Four pieces of data, gathered through the course of a security’s trading day, are used to create a candlestick chart: opening price, closing price, high, and low. The candle in a chart is white when the close for a day is higher than the open, and black when the close is lower than the open. The wicks, lines sticking out of either end of the candlestick, represent the range between the day’s high and low prices.