Candlestick reading foundations
A half-day on how a candle is built: real body, wicks, relative range, and why the same shape means different things at the open, at lunch, and into the close.
- Duration
- 3 hours 30 minutes
- Fee
- £145 per seat, including printed sheets.
- Where
- Group workshop in the Cross Inn room; occasional Saturday sittings
- Seats
- Eight seats
Who it is for
People who have learned pattern names from books or videos and now want those shapes tied to clock time and to the bars on either side.
What you leave with
You can describe a candle in ordinary language — who pressed, who gave way, whether the bar is large for that session — without reaching for a pattern nickname first.
Scope
Bodies, wicks, doji, engulfing pairs, hammers and shooting stars, inside bars. Every example comes from a dated London or New York session sheet, not from isolated clip-art candles.
Included
- Half-day in the tuition room, 10:00 to 13:30
- Printed pack of twelve dated session fragments
- Pencil work on wick-to-body proportion
- Tea during the short break
Not included
- Live market sitting (that is the session-by-session morning)
- Order-flow or depth-of-book reading
- Software setup or broker choice
How the sitting runs
- We start with a single 15-minute bar drawn large on the canvas and name only open, high, low, and close.
- You measure wick against body on dated examples, including bars that look dramatic but are average for that morning.
- We pair candles (engulfing, inside) only after the single-bar work.
- The last hour is a silent read of one complete London morning, written in your own words.
Preparation
No prior chart homework. If you already keep a journal, leave it closed until after lunch so we are looking at the same sheets.
Limits
Eight seats. The workshop is not a live sitting; we use completed sessions so everyone can measure the same bar. Not suitable if you only want trade entries.
Taught by
Rhys Cadogan, in the Cross Inn room or on a live video seat that follows the same paper method.
Next step
Ask for the next Saturday or weekday foundations date.