Forex Signal Mentor

  

Trading Made Easy  

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 4 posts ] 
Author Message
 Post subject: Newbie Question
PostPosted: Mon Jan 24, 2011 9:26 pm 
Offline

Joined: Fri Jan 21, 2011 10:00 am
Posts: 2
Hello,

I am getting confused on the confirmation candles and I just wanted to double check to see if I am understanding the concept so:

Is the confirming candle always a bear candle when selling and a bull candle when buying?

Thanks


Top
 Profile  
 
 Post subject: Re: Newbie Question
PostPosted: Tue Jan 25, 2011 8:05 pm 
Offline
Site Admin

Joined: Tue Sep 29, 2009 10:35 am
Posts: 304
Hi ya,

Ok, lets think of it from a different angle ;)

Let's think about market sentiment. If candle 1 is a huge candle and its starts at the beginning of a pull back / reversal, sentiment is there, but it can't be confirmed, until we have another candle that shares it same view.

Yup, the candle needs to close higher than the high as the previous, and or, the body needs to close higher than the first candles high, whether the other candles after the first and second keep going up, we dont know, but if there's no immediately resistance above it and smooth sailing, one could expect to see the move up go some distance :)

Hope this helps

p.s
are you on our skype group chats?

_________________
All the best
Loz
CEO Forex Signal Mentor
https://www.forexsignalmentor.com
CEO Daily Trading System
Daily Trading System
CEO Ultimate Golden Cross
https://ultimategoldencross.com
CEO Article Marketing Robot Videos
-------
"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.
"

-Thomas Edison


Top
 Profile  
 
 Post subject: Re: Newbie Question
PostPosted: Sat Jan 29, 2011 4:00 am 
Offline

Joined: Fri Jan 21, 2011 10:00 am
Posts: 2
No I am not on the skype group. I thought this was the group but if there is another please let me know the information when you get a chance. Thank you very much.


Top
 Profile  
 
 Post subject: Re: Newbie Question
PostPosted: Mon Jan 31, 2011 9:00 pm 
Offline
Site Admin

Joined: Tue Sep 29, 2009 10:35 am
Posts: 304
all the info you need James is in the members area

_________________
All the best
Loz
CEO Forex Signal Mentor
https://www.forexsignalmentor.com
CEO Daily Trading System
Daily Trading System
CEO Ultimate Golden Cross
https://ultimategoldencross.com
CEO Article Marketing Robot Videos
-------
"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.
"

-Thomas Edison


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 4 posts ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  
cron