Saturday, 24 July 2010

Techical - Candlestick Reversal

Entry: Not for range bound MKT, candle of at least 6 pips, opposes established trend of at least 30 pips

Spinning tip
Entry: confirmation candle, wicks similar in length, each wick longer than body

Evening/morning star
Entry: star candle can be any color, small or no body, confirmation candle at least half length, large wick in opposite direction
Exit: Stochastics reach 80% or 20% level

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