Why CandleStick Wicks Are So Important! ❗✅
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- Опубликовано: 15 ноя 2024
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Why CandleStick Wicks Are So Important. www.financial-s... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Candlestick Trading: What Do Wicks Tell Us? So Candlestick Charts but also bar charts; anything where we're taking information about the high, low, the open and close of the day. What is a wick and why are wicks important? A wick is basically the point of the candle which is showing us the high or the low.
Wicks are one of the things that have been the most profitable type of pattern for me over the years (although of course I don't only trade wicks). When we see wicks, wicks generally are telling about intraday changes in sentiment.
We are talking about daily charts here but these also work in 5 minutes or 15 minutes timeframes. But let's talking about daily for now. Wicks are telling us of changes in sentiment on an intraday basis. i.e. it means there is a supply/demand shift in the middle of the day. It means there is an urgency there within a narrow timeframe.
If we're buying a pullback we are still looking for that shift in supply/demand imbalance, if we're selling a resistance level we're looking for that shift from demand to supply coming in...etc
What causes them?
1) News
2) Sentiment - people could have simply changed their perception of the market.
We can have massive bodies and massive wicks. The most important things we want to see are volume on the day, a key level that is broken or some kind of news catalyst. That is interesting as it means people are changing their perception.
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First time ever that I saw a presentation on candlestick wicks correlation details. I think this will be useful and improve my trades, so can't wait to apply this.
Anyone else stumble across this video searching for actual candle wicks
A little late to the party (hopefully you're still active on this channel) but, I truly love your genuine high energy in sharing your knowledge. Many trading videos on here are fairly dry...or it always seems like they are vaguely interested in posting a video but you...all I see is excitement in sharing knowledge. I know it's genuine because I'm the same way when I teach network engineering/admin. I hope you are doing well and the market is treating you even better!
I'm really into this 'detail-oriented fundamentals' kind of 'look behind the charts'. Helps at every level and most every timescale. Not sure why anyone needs an actual chart example spoon-feeded to them - go out there, pick a chart and timescale and there's bound to be an extreme candle with the single-end-wick *somewhere*!
Very useful. Thanks! I’ll be replaying this at quarter speed to give my brain time to process
Your Videos are great , thank you!! You keep them always short and always down to the point. Best thing is you have made me laugh on so many occasions with some of your humorous comments. Thank you - we are always supporting you.
Please I want to ask when marking out structure's in the market i.e the highs and lows should it be marked on the wick or candle bodies?
❤ good. More precise explanation required
The wicks happen when big number of long or short stops are hit. The price just fly over the stop-loss orders area.
wow you explained to us your favorite trading set up in this video thats awesome!
Really great tutorials from this dude. Big thanks!
Very clean crisp presentation, nice work !
I wish you used real chart examples in your vids
Let me rub this off lol. Who else caught that?
Wait is a close above a wick a higher high or a wick above a wick a higher high?
nice job- thanks. your vids always seem helpful.
Thank you for the video. Your videos are always interesting.
Your videos are awesome. Just subbed. Thank you.
price action candle sticks off support and res, in line with mkt sentiment quality signals
Thanx, so true about wicks. I have always been fascinated with the psychology that goes into forming wicks. Can you give us your thoughts on the market maker's perspective on the forming of wicks? Grabbing liquidity in a trend, forming a correction and such. I have been trying to track a possible market maker future direction in a correction using wicks.
Thanx again
Finally someone explain a real psychology behind this candle formation.
the last example, what is a gap fill?
If price hits my stoploss without getting to my entry buystop price first, is the trade still valid?
Great presentation delivery And content.
that's awesome info thanks a lot helpfull and detailed
some truth to it but believe me there are too many exceptions to use this as a general rule. Candle heads are just as important as wicks. If you trade wicks alone they aren't dependable. I've see full length wicks gobbled up and price gone the opposite direction. And it happens often.
Hi mate, great channel. As a uk trader, is realised profits in your bank account classed as taxable income. I read that in uk its classed as tax free as its classed as gambling but then read different. I'm really confused...
If you are in the UK and trade via spread betting gains are tax free (but you can't offset losses). If you use a normal broker and buy shares or CFDs your gains are taxable (but you can also offset losses against future gains so its not so bad).
I tried learning the candle sticks
Order flow and and book tell more than sticks
Thanks
You are awesome brother!!! Thank so much for all of your videos! True gold!
Honestly I have way more success trading without wicks. It’s able to be manipulated which makes for distraction of the overall price action.
Thanks alot! you've helped me so much. If you do have the time can you go over why wicks are filled etc please
I’ve seen wicks be extended plenty and no change in price direction
Brilliant video
What are the beat time frames for day trading options?
New to trading really. Found this really interesting
hi www is for world wide web ,if you slow down a bit it will be useful to all who are not native to english.
otherwise a good video.only certain areas i am unable to decipher ,or follow you ,because you are running very fast.thawnk you.
Thanks! That's helpful since I'm trying to read those Bitcoin candles! =]
they all have wicks but what do different wicks mean
Are candlestick wicks important? I find it all confusing.
Great thanks
How do exit on a wick??? I tried a limit order, wouldn't fill... Who knows?
Why do you call it wick, isnt that called shadows by Steve Nison "the father of candlesticks"
Great quick video. Team candlewicks!
Thank you.
Why is it that on some of my charts my candlestick wicks disappear? I removed all indicators and my wicks don't show.
What's "#YourTimeTimeFrame"5m? I hate 5m because I feel like I'm behind 1m,2,.
When volatility is high, wicks get stepped-on and are meaningless. Computer-based & A.I. trading ignore wicks - only closing price tic, advance or decline matters.
wicks tell us rejection levels, computer based A.i just do what you tell it to do, no expert advisor is as good as a live human being who can see past trough changes in direction, etc.
congrats 100k subs
Great work
Great one thanks
tks sirs. i like a real chart.
Lovely
A candlestick entry it’s a retail entry
thank you so much
Nothing is more important than patterns because candlestick wicks can mislead
Thank you sir
Not a big fan of candle but it does provide the picture of the whole day.
but fan of what?
Nice one
Not one person will tell you the REAL reason for these things. Algorithms read these.
Please say which is happen comform please don't act
I’ve fallen in love with you 💕💕
You remind me of my ex (who is no more..😞)
You speak really fast. İt's hard to understand you!!!
Too too much there must be an easier way to use the wicks
His terminologies are advance , not for beginners
Candlestick wicks Lol What about the underline reasons for the graph movement between time line points, because if you cannot explain this, wins and losses are by chance only. Forex is gambling on a random graph. Hindsight is a wonderful thing if your not risking money on future trades because of hindsight results.
Hayden Harris wha?
great if viewer is an expert. Talks too fast and bounces around. Probably knows his stuff but a poor teacher for beginners who are trying to grasp concepts and the "why" of the candlestick moves.
There called shadows.
I still cannot understand the importance of wicks.
It's not good
We need subtittles
just telling the obvious men, like 99% of trading "educators"
Very clean crisp presentation, nice work !