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

Andrew T asked:


I would appreciate the expertise and experience of professional traders

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Tags: Forex Trading, Professional Traders, Uptrend

This entry was posted on Thursday, April 9th, 2009 at 7:41 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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

1. Forex Trading Reviews says:

   April 11, 2009 at 4:41 am

   Forex Trading Reviews

   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!
2. Get Forex Reviews Information says:

   April 11, 2009 at 4:08 pm

   Forex Trading Software

   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).
3. Forex Trading Reviews says:

   April 14, 2009 at 8:06 am

   Forex Trading Reviews

   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.