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).
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.
February 2nd, 2009
Hi,
It depends on particular day’s trend in forex market. You can visit for some useful tips and info related to your query. Good luck!
February 3rd, 2009
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).
February 4th, 2009
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.