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simplegreen

09/28/09 8:33 AM

#38645 RE: pennies2007 #38643

YW pennies...yep the candles are to be watched at all times...it all really boils down to supply(ask) and demand(bid) at any given time or time frame...I watch for the beginning of a sideways market on the time frame I am trading...the longer the equilibrium of a sideways market lasts the better...the candles coming out of a sideways market do not guarantee its direction but usually gives clues as to the start of a new trend or continuation of old trend leading to the sideways market.If sellers took over it will drop...if buyers took over it will rise..Simple enough no?(LOL)