April 2008
Beginner to intermediate
358 pages
11h 48m
English
Content preview from Candlestick Charting For Dummies®
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Chapter 12
Buy Indicators and Bullish Reversal Candlestick Patterns
In This Chapter
Making successful long trades by combining the relative strength index and candlesticks
Using stochastic indicators and candlestick patterns for profitable long trading
This chapter clues you in on the ways in which you can begin combining your trading tools to make your trades even more efficient and profitable. More specifically, the strategies I describe in the next few pages help you understand how you can use two buy indicators (the relative strength index — RSI — and stochastics) in tandem with bullish trend reversal candlestick patterns to pick the best times and situations for entering and exiting long trades.
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