Every chart in this school is a candlestick chart. Each candle shows four prices for one period of time: where price opened, the highest and lowest prices it reached, and where it closed.
Once you can read a single candle, you can read the "fight" between buyers and sellers on any chart.
Anatomy of a candle
- Big body, small wicks = strong control by one side.
- Long lower wick = sellers pushed price down but buyers rejected it.
- Long upper wick = buyers pushed up but sellers rejected it.
- Tiny body, wicks on both sides = indecision.
Timeframes
A 1-hour candle is just four 15-minute candles combined. Higher timeframes show the big picture with less noise. Lower timeframes show detail and give tighter entries.
| Style | Bias timeframe | Entry timeframe |
|---|---|---|
| Scalping | 15m – 1h | 1m – 5m |
| Day trading | 1h – 4h | 5m – 15m |
| Swing trading | Daily – Weekly | 1h – 4h |
Rule of 4–6: your entry timeframe should be roughly 4–6× smaller than your bias timeframe (e.g. 4h bias, 1h or 15m entry).
Drill
Open the backtester on the 1h timeframe. For 50 candles, before pressing → say out loud: "buyers won", "sellers won" or "indecision", and where the rejection was. This builds the instinct every other lesson relies on.