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royg1927

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royg1927

Re: trading.jeff post# 29349

Thursday, 05/05/2016 11:00:58 AM

Thursday, May 05, 2016 11:00:58 AM

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"stick" is a nickname for candle among Jap candle traders.

The series of candles on the five minute have been all red (declining) until the last three, and now we see two whites. Intepretation? Some traders are betting on higher, and fewer on further decline.

It's called "exhaustion" for obvious reasons. How dependable? Based on each trader's experience. Roy says be happy with 10X or more. They are rare.

Roy

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