May 5, 2011

How many candlesticks would comprise the beginning of an uptrend/downtrend in forex trading?

By Planet Wealth

I would appreciate the expertise and experience of professional traders

Topics: trading tips | 3 Comments »

3 Responses to “How many candlesticks would comprise the beginning of an uptrend/downtrend in forex trading?”

  1. Paul U Says:
    May 5th, 2011 at 10:21 am

    I use two full candles on a 15 minute chart after a 5 / 8 cross with both moving averages showing a slope of over 45 degrees to give me a honestly excellent confirmation of a reversal.

  2. Dzo Says:
    May 5th, 2011 at 10:21 am

    Hi,

    It depends on particular day’s trend in forex market. You can visit http://stocks.advisorinternet.info for some useful tips and info related to your query. Excellent luck!

  3. Bob Says:
    May 5th, 2011 at 10:21 am

    Steve Nison’s books are ancient but still the best. Get them at a library or used. He has some newer books, too.

    Candle sticks have some patterns that consist of ONE bar. But these are signals of a strong "maybe"; they signal strength or weakness, not a trend. I don’t trade on candles alone; I need confirmation from a moving average before I buy in (or small).

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