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Old 12-11-2006, 07:20 AM
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Re: How do you spot reversals?

Candlesticks or not, I mainly look at the high and low of each bar and determine if it's broken the last bar high/low or last pivot of groups of bars. I don't use candlesticks individually because I used trade with it without success. I found that price action and trends cannot be determined in a single candlestick or a few candlesticks. I use a group of bars (candlesticks or not), 5-10 MINIMUM. Reading price action can be used with and without candlesticks and using it can determine condition of the market and how these bars relate to each other based on higher highs/lows and lower highs/lows principle.


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Last edited by torero; 12-11-2006 at 07:31 AM.
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