Candlestick Chart vs Line Chart

Candlestick chart vs line chart is explained in this video to show the differences between these two common price charts. First, line chart and candlestick chart basics are explained and it's shown how line chart and candlestick chart reading looks like in practice, and then the differences between candlestick chart and line chart is discussed. And finally the advantages and disadvantages of candlestick charts and lines charts are explained, and it's shown for what trading style they can be useful.
Candlestick charts are by far the most popular price chart in financial markets, and candlestick chart analysis is one of the essential skills that traders must develop. Identifying candlestick patterns and using candlestick pattern analysis for trading is the purest form of technical analysis and many traders apply candlestick pattern trading strategy in their trading system.
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THE ULTIMATE GUIDE TO CANDLESTICK PATTERNS
*E01: Different Types Of Candlesticks: • E01: Different Types O...
*E02: Reversal Candlestick Patterns, Part A: • E02: Reversal Candlest...
*E03: Reversal Candlestick Patterns, Part B: • E03: Reversal Candlest...
*E04: Continuation Candlestick Patterns: • E04: Continuation Cand...
*E05: Candlesticks With Support And Resistance: • E05: Candlesticks With...
*E06: Candlesticks With Trendlines: • E06: Candlesticks With...
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DISCLAIMER:
Please be advised that I am not a licensed financial advisor or registered investment advisor, and this material has been prepared for entertainment and informational purposes only, and it is not intended to be relied upon as investment, financial, accounting, tax, legal, regulatory or similar advice, and it is not an endorsement of any provider, product or service.
Trading and investing in financial markets poses considerable risk of loss, so please make sure to do your own research or consult a certified financial or investment advisor. The information and content provided on this channel does not guarantee any particular or expected outcome.
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[@allthingsnu4673]

Candlesticks may give more information, but you have to decide whether you are actually using all of that information. If you aren't, the line chart will remove a lot of noise from your chart.

[@SoheilPKO]

👍

[@dee23gaming]

Because I back test on a lot of randomly generated line charts in Excel, I find them so clean and easy for finding support and resistance levels (which is an illusion and can be found in complete randomness), and then I use candlestick charts and lower time frames for spotting momentum reversal.

[@SoheilPKO]

Nice work! 👍

[@dennisjasonbago3659]

either way it depends on your preferred trading style. I am long term trader, I normally check both. I go to candle sticks first to see what is going on. then go back to line at the end of the trading session to see what's the current price , then that's when I will make the move or not.

[@gouthamgoll8664]

I watched ur previous videos... ultimate explanation ...keep educating us sir

[@SoheilPKO]

Thank you, I will

[@paulmcgonigle2379]

another excellent well explained video. learning so much.

[@SoheilPKO]

Glad you enjoyed it

[@500MVideosonyoutube]

You are born to be a great teacher.....nations are waiting for you...love you sir

[@SoheilPKO]

Thanks.

[@notmanipulableintelligence7508]

Thanks for the video, please keep the good work.

[@SoheilPKO]

Thanks, will do!

[@persianprincess90]

Thank you Soheil. 😃🌺

[@SoheilPKO]

Very welcome

[@Rockingthe80s]

Thank you sir
I am trying to watch and understand all your videos
I love them all

[@SoheilPKO]

Glad to hear that :)

[@mariobros741]

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[@SoheilPKO]

Thanks. I'm blocking and reporting them.

[@mojtabahosseini4422]

I think your channel is underrated. keep it up

[@SoheilPKO]

Thanks, will do!

[@rasyahudah144]

Thank you for this video and information 🙏🏾
Can you do some updated videos for beginners? Thanks in advance

[@SoheilPKO]

Yes I will

[@GANU_XD]

Exactly !!

[@allthingsnu4673]

I've tried the regular candles and Heikin Ashi candles and they both are too noisy for me. With the line chart, I tend to be more focused, less anxious, and my trades work out better.

[@SoheilPKO]

Great, good luck 👍

[@drdeepu84]

ur videos are awesome...please make videos on advanced price action.
Thanks in advance...

[@SoheilPKO]

Sure I will

[@username3387]

Do you have any video about Heiken ashi Candlestick chart?

[@SoheilPKO]

No but I'll make a video about it.

[@mariobros741]

Do you have any video on Fibonacci retracement and extension tool?

[@SoheilPKO]

Yes this is the link: th-cam.com/video/72R9o3y6W_Y/w-d-xo.html

[@sarath3715]

Sir waiting for your videos

[@sarath3715]

Sir please do more video on volume and to find accumulation and distribution

[@SoheilPKO]

Ok sure

[@samtavoosian3059]

Dadash irani hasti?
Thanks for the video

[@SoheilPKO]

Yes I am ;)

[@rsmith9094]

Decent video .. but I feel like its incomplete since you don't say whether you prefer line chart or candlestick for drawing horizontal support/resistance and for trendlines ... for instance you're likely to get a different trendline no matter how well you draw it if you use a line chart rather than a candlestick chart. So which do you use? But probably whats more important is which market participants are more likely to use.

[@SoheilPKO]

I explained in the video that line chart is useful for long-term trading and investing where the details are not important and the overall direction of the market is what they want.