Make Money Trading - How to Build a Winning Trading by Jean Folger and Lee Leibfarth also won award from TraderPlanet! It was voted #1 Best Book!
We also came in 2cd place with Steve Palmquits Money Making Candlestick Patterns: Backtested for Proven Results. (read the blog post!)
So here is a excerpt from our #1 book:
Chapter 5: Charting the Market
Bars and Candlesticks
Price charts simply provide a history of price and volume over a specified interval. This visual history of price action is only as useful as the data that is used to create it. In other words, a charting platform must have accurate and consistent data in order to provide traders with reliable charts. Since price charts are the primary means of making trading decisions, they must be dependable. Once data is received by a market analysis platform, the prices can be displayed in a variety of charting methods. Price charts are two-dimensional graphs that display price along the vertical axis, and the charting interval along the horizontal axis. In order to have useful price charts, an interval must be selected that reflects a snapshot of the price fluctuations for a given period. For each interval, several data points are recorded that include the price at which the interval began (Open), the highest price during the interval (High), the lowest price during the interval (Low), and the last price during the interval (Close). In addition, the number of shares or contracts traded during the interval (Volume), and the elapsed time for the interval (Time in minutes) are recorded.