Monday, February 20, 2012 1:18:41 PM
~IAMLEGEND LESSON OF THE DAY!!! ~Reversal Candlesticks~
~~link back for more lessons~~
Japanese Reversal Candlesticks
Top 5 Most Consistent Candlestick Patterns
Sell Signal
Rules for the sell signal:
Bar 2 has a higher high and higher low than both of bars 1 and 3.
Bar 1 is a green bar (close higher than open).
Bar 3 is a red bar (close is lower than open).
Buy Signal
Rules for the buy signal:
Bar 2 has a lower low and lower high than both of bars 1 and 3.
Bar 1 is red (close is lower than open).
Bar 3 is green (close is higher than open).
~~link back for more lessons~~
Japanese Reversal Candlesticks
Top 5 Most Consistent Candlestick Patterns
Sell Signal
Rules for the sell signal:
Bar 2 has a higher high and higher low than both of bars 1 and 3.
Bar 1 is a green bar (close higher than open).
Bar 3 is a red bar (close is lower than open).
Buy Signal
Rules for the buy signal:
Bar 2 has a lower low and lower high than both of bars 1 and 3.
Bar 1 is red (close is lower than open).
Bar 3 is green (close is higher than open).
* 20% Profit Rule
* Do your DD
* Follow the Charts-Trend
* Stop loss
* Buy at Support,Sell at Resistance
* Dont chase momentum stocks
* Control Fear & Greed
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