I would appreciate the expertise and experience of professional traders
2007-08-01 02:49:00 · 3 answers · asked by Andrew T 1 in Business & Finance ➔ Investing
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 fairly good confirmation of a reversal.
2007-08-03 14:43:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Steve Nison's books are old 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 short).
2007-08-01 03:35:07 · answer #2 · answered by Ted 7 · 0⤊ 0⤋
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. Good luck!
2007-08-01 02:53:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋