15
Feb

$$$ Currency Trading $$$

   Posted by: RaymondLee   in Forex, Make Money Through Forex

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Currency Trading – Long Candlestick  and Doji

Remember that even after a doji is formed, it doesn’t mean to automatically short.Confirmation is required.Wait for a bearish candlestick to close below the long white candlestick’s open.
Whenever a doji forms after a series of candlesticks with long filled bodies(like black marubozus), the doji signals that sellers are weakening and becoming exhausted. More sellers are needed in order for the price to continue falling but sellers are all tapped out! Buyers are foaming in the mouth for a  chance to get in cheap.

currencies trading

currencies trading

While the decline is sputtering due to lack of new sellers, further buying strength is required to confirm any reversal.Look for a white candlestick to close above the long black candlestick’s open.

Forex Candlestick-long-black-candle-doji

Forex Candlestick-long-black-candle-doji


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This entry was posted on Sunday, February 15th, 2009 at 4:18 pm and is filed under Forex, Make Money Through Forex. 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.

One comment

Ken
 1 

I have been following your blog for quite some time, First of all I would like to sincerely thank you for providing such a great site with all those online money making strategies. I’m just curious to know why you change back to Forex instead of posting on Internet Marketing?

February 15th, 2009 at 5:46 pm

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