April 2008
Beginner to intermediate
358 pages
11h 48m
English
Content preview from Candlestick Charting For Dummies®
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Chapter 13
Sell Indicators and Bearish Reversal Candlestick Patterns
In This Chapter
Using the relative strength index and candlestick patterns for your short trades
Shorting with combinations of the stochastic indicator and bearish candlestick patterns
Technical indicators are useful in many trading situations, and as I describe in the other chapters in Part IV, you can use them in tandem with candlestick patterns to conduct some outstanding trades. In this chapter, I fill you in on how to combine a couple of common technical indicators with bearish candlestick patterns to help you make wise decisions about short trades.
I focus much more on the prospects for shorting than the opportunities to use candlesticks and indicators to tell you when to exit a long trade, because realizing when to exit a long is relatively easy: If it looks like a trend is ready to tank, sell and get out!
I know some people are resistant to short selling, but it’s part of the game, and not using the short side of trading puts you at a disadvantage. Risks are involved, but if you employ the methods I describe in this chapter, you can minimize those risks. With any luck, after reading my Chapter 13, you won’t have to file Chapter 13!
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.