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Candlesticks Charting Explained

Candlesticks Charting Explained


Are traders buying or selling? These candles will tell you. Interpreting candles is similar to playing chess. A beginner in chess will look at each individual chess piece and what its position is telling the player about the future movement of the opposition.

A candlestick chart is a bar-chart style used primarily to describe price movements for a designated span of time. It is a combination of a line-chart and a bar-chart where each bar represents the range of price movement over a given time interval. It is most often used in technical analysis of equity, derivatives and currency price patterns.

Compared to traditional bar charts, many traders consider candlestick charts more visually appealing and easier to interpret. Each candlestick provides an easy-to-decipher picture of price action. Immediately a trader can compare the relationship between the open and close as well as the high and low.

The relationship between the open and close is considered vital information and forms the essence of candlesticks. Hollow candlesticks, where the close is greater than the open, indicate buying pressure. Filled candlesticks, where the close is less than the open, indicate selling pressure.

A candlestick depicts the battle between Bulls (buyers) and Bears (sellers) over a given period of time. An analogy to this battle can be made between two football teams, which we can also call the Bulls and the Bears.

The bottom (intra-session low) of the candlestick represents a touchdown for the Bears and the top (intra-session high) a touchdown for the Bulls. The closer the close is to the high, the closer the Bulls are to a touchdown. The closer the close is to the low, the closer the Bears are to a touchdown.

Traders must learn to be a chameleon and adapt to various market condition using sound candlestick principles in order to gauge the emotions surrounding a financial instrument so that they are able to make better predictions about where that potential price of the instrument might be headed.


What to expect:

  • Formation of Candlesticks
  • Types of Candlesticks
  • Interpretation of Candlesticks
  • Candlestick Charting: Techniques and Patterns
  • Futures Trading with Candlesticks
  • Market Outlook on FCPO and FKLI market


Teh Yeon Sziang

Teh Yeon Sziang of V Solve Sdn Bhd

Teh Yeon Sziang graduated from UKM in 2004 with a B.Sc in Actuarial Science. He co-founds and runs V Solve Sdn Bhd, a company that uses its own using proprietary trading indicators to help retail traders in strategizing, optimizing and re-aligning the performance effectiveness of their investment portfolio against the market performance over the mid- to long-term. V Solve's holistic approach to portfolio building is evident as its year-on-year results speak for themselves.

Event Details

Date 11 January 2014 (Saturday)
Time 10.00 a.m. - 12.00 p.m.
Venue Oriental Pacific Futures Sdn Bhd
Suite 21-5, Level 21, Wisma UOA II
Jalan Pinang, 50450 Kuala Lumpur

Program Details

9:30 am Door opens.
10:00 am Class starts.
12:00 pm Class ends. Quiz/Q & A sessions.

Admission Fee

This class is open to the general public who are interested in futures trading and the admission is free, however seats are confirmed on a first-come first-serve basis to pre-registered participants. Due to space limitations, we have the right to deny walk-in participants.

Registration Form

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