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Old 03-12-2008, 10:29 AM
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Re: And the Best Countertrend Signal is ...

Candlesticks are built for counter-trend trades. See my review of a Nison book here on TL.

Just one piece of advice - the shorter the timeframe, the more important additional confirmations are needed in order to use candlesticks as a reversal signal. In other words, if trading a 1 minute chart, you NEED some sort of additional confirmation to take that candle signal. Candles in and of themselves are not terribly reliable on very small timeframes.

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