SIR Chart Types: Differences and similarities e-Book: Japanese Candlesticks Charting Measures a specific amount of time within each candle. * Weekly = each candle has 1 week ‘© Dally = each candle has 1 day * Minute Chart = 60-Minute = each candle has 60-minutes * Second = 30-sec = each candle has 30-seconds ‘© These provide the most information ‘© Time isa valuable story-teller ‘+ Also one of the more difficult to learn to use for new traders * Asthe market slows down, a time chart will NOT slow down, candlesticks. will continue to create Measures a specific number of trades within each candle. + 89-tick © 144-tick © 233+tick + 450-tick + Fibonacci + Tick charts will stop producing new candlesticks if the market slows down. * We only print a new candlestick when the market trades. They use only the trading range inside each candle. ‘These are the EASIEST for a new trader to use because you only see the same candle every time. Compared to a time or tick chart, this is clearly the easiest way to learn to read price-action, however you LOSE a lot of the details that come with a time chart.We ONLY get a new candlestick when the market is moving HIGHER or LOWER.