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Tricky Question: Candlesticks

Discussion in 'Beginners Bootcamp' started by iamarto, Oct 12, 2007.

  1. iamarto

    iamarto Private

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    Now I'm demo-trading on MT4.. practice. I've noticed that choosing different time periods give different signs on candlesticks, I mean..

    Sometimes a 1 hour period would give a hammer, and sometimes a 30 minutes one would give that, but in all cases.. which one should give me a buy or sell signal if I am the kind of trader who likes to do very short term-profit trades? Like a trading opportunity in 20 minutes?
     
  2. wcforex

    wcforex Recruit

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    I always using 1-hour chart and use 5-min chart for triggering my trade.

    :)
     
  3. iamarto

    iamarto Private

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    and how good is it working?
     
  4. wcforex

    wcforex Recruit

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    It always gives me a very good setup.
    Combine it with ema 13 and 5 and you will have 80% probability.
    Patience is the key here.

    :)
     

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