Traders Laboratory - View Single Post - Wide Range Bodies or 'big' candles
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Old 04-03-2008, 03:33 PM
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Re: Wide Range Bodies or 'big' candles

This is in response to something said in the VSA thread.

WRB analysis is independent of candlestick analysis. I and many others use candles because of the picture of price action they present. As such, we have no idea, nor do we care, about the names of the candles or patterns associated with them. Interestingly, some advanced candle traders like BrownsFan and James don't care about names either.

If you have a bar chart with open, high, low, close information, then you can use WRB analysis.

WRBs involve supply/demand, volatility and Price Action.

Simply, calling WRB analysis, Candlestick analysis shows a lack of understanding of the former.

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