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Old 01-06-2008, 11:29 AM
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Default confuse.. help me

While the decline is sputtering due to lack of new sellers, further buying strength is required to confirm any reversal. Look for a white candlestick to close above the long black candlestick’s open. << please use simple sentence
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Old 01-06-2008, 12:25 PM
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Quote:
Originally Posted by idiot_perl View Post
While the decline is sputtering due to lack of new sellers, further buying strength is required to confirm any reversal. Look for a white candlestick to close above the long black candlestick’s open. << please use simple sentence
No offense, but if that confuses you, then I'd suggest you go through the Babypip's school to get a better understanding of what candlesticks are and how they relate to each other:

School of Pipsology - - Beginner's Guide to Forex Trading, Free Forex Education, Learn to Trade Forex, Forex Training - BabyPips.com

Basically, the quote is saying that the price of the currency pair in question is going down but, because there aren't too many people selling that pair now, the price will probably start to go back up. When you see a white candlestick's closing price higher than the long black candlestick's opening price, then the quote is saying that the reversal is confirmed and the price of the pair should start to go back up.

Again, please go through the free school to get a better understanding of this before investing any real money.
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Old 01-06-2008, 10:39 PM
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uhm, thank sir i have seed daylight
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