I want to trade using japanesse candlesticks. what is the suitable time frame. (NSE). How to use it to bUY?

Question

I want to trade using japanesse candlesticks. what is the suitable time frame. (NSE). How to use it to bUY?

Answer 1

Candlesticks can help you to do Intraday trading very well.

Specifically the Doji patterns will be used by many traders for Day trading

Answer 2

It all depends upon the time frame you want to use. Candlesticks are best used in daily basis and in 5 minutes basis for Intraday.

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Answer 3

Time Frames used depend upon your time horizon.

Here's a book that examines time frames;

http://www.technicalanalysisbook.com/

The "Bible" on Candelsticks is;

http://www.amazon.com/Japanese-Candlesti...

((Japanese Candlestick Charting Techniques, Steve Nison)

NOTE: It is never wise to use just one technique to do Technical Analysis. 2-3 would be ideal.  You always need confirmation.   The goal is to be right 45-70% of the time.  The shorter the time frame the lower end of that rate can be expected.  There are many technical analsis traders that are less than 50%!  The real way they make their money is great money management techniques.