The first thing to plot on your graph are candlesticks. With the candles we watch for reversal patterns, which we find are usually much clearer than those on bar charts. Some of these have lovely names too, like Shooting or Evening Star, Three Black Crows, Spinning Top and Fry Pan Bottom,Abandoned Baby, and Hanging Man!It is only a small step from bars to candlesticks, but the difference is dramatic. Having started and worked with bar charts, the moment we switched to candles and wished we had done it years earlier as we was able to see the key points and interpret market action so much more quickly.
This is very important because every morning we have to look at hundreds of charts and speed is of the essence.
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