This is a discussion on Get Basic Candlestick Momentum Analysis & Money Management (Free) within the Candlestick Trading forums, part of the Forex Strategies category; This what I found while searching for the info about Forex over the Internet. Two free reports that will help ...
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#1
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This what I found while searching for the info about Forex over the Internet. Two free reports that will help beginners to understand candlesticks and money management. Download free from:
Code:
http://www.forexcandlesticksmadeeasy.com/MMreport.htm http://www.forexcandlesticksmadeeasy.com/downloadcandles.htm |
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#2
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Candlesticks with a long upper shadow, long lower shadow and small real bodies are called spinning tops. The color of the real body is not very important.
The pattern indicates the indecision between the buyers and sellers Spinning Tops The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both buyers and sellers were fighting but nobody could gain the upper hand. Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand, and the result was a standoff. If a spinning top forms during an uptrend, this usually means there aren’t many buyers left and a possible reversal in direction could occur. If a spinning top forms during a downtrend, this usually means there aren’t many sellers left and a possible reversal in direction could occur.
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forex secrets ebook |
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#3
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Thanks. Spinning tops aren't very common candlestick formations.
The engulfing, and dark cloud cover - these are the ones to focus on. |
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