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Trading knowledge › Beginners Trading Course › 4/10 · 1 min read

Candlesticks, bar charts, timeframes

Key idea: the same 4 prices — open · high · low · close — drawn two ways; start on the daily.
XAUUSD, Nov 2022 · candlesticks
XAUUSD, Nov 2022 · candlesticks
Same data · bar chart
Same data · bar chart

Quick read

  • Candlesticks — the body spans open to close.
  • Bar chart — left tick = open, right tick = close.
  • Forex daily candles close at 17:00 New York: 5 candles a week, no stray Sunday candle.
Which timeframe should you start with?

The daily (and weekly) — the least noise.

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Educational content, not investment advice. Leveraged trading can lose more than your initial capital. Examples are built on real PricePlaybook historical candles and scored by rules written in advance — past results do not guarantee future results.