Daily candles

#1
First Post: Dec 5, 2009 5:02pm Dec 5, 2009 5:02pm

drago24
| Joined Oct 2009 | Status: Trader | 116 Posts

Do daily candles change direction during the day? Ex. if candle is going up is there a chance that it will change direction and go the other way?

Thanks Drago

#2
Dec 5, 2009 5:35pm Dec 5, 2009 5:35pm

Ronald Raygun
Joined Jul 2007 | Status: 33 y/o Investor/Trader/Programmer | 5,016 Posts

Yes

#3
Dec 5, 2009 6:23pm Dec 5, 2009 6:23pm

HouseTrader
| Joined Mar 2008 | Status: ... I was aiming at the horse! | 913 Posts

Quoting drago24

Disliked

Do daily candles change direction during the day? Ex. if candle is going up is there a chance that it will change direction and go the other way?

Thanks Drago

Ignored

What's the catch?

Daily Candles are allowed to change direction only until 00:00h...

Many share my views with me. But I don't share them with them...

#4
Dec 6, 2009 1:43am Dec 6, 2009 1:43am

errich fx
| Commercial User | Joined Mar 2009 | 778 Posts

some analysts believe that if the price change direction and through the open price, the price certainly changed the direction

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map your chart with S R

#5
Dec 6, 2009 1:53am Dec 6, 2009 1:53am

tud_romania
| Joined Dec 2009 | Status: Trader | 18 Posts

if you will analyse the daily candles on EURCHF you will se that around 2 weeks ago was a crazy 100-200 pips candle.

#6
Dec 6, 2009 8:25pm Dec 6, 2009 8:25pm

drago24
| Joined Oct 2009 | Status: Trader | 116 Posts

Im trying to scalp the a daily candle every day! its diff because I wanna use the 1 min charts to make the trade! Would heiken ashi help me with this? Also is there a good time where traders are most comfortable with the direction of the daily candle?

#7
Dec 6, 2009 9:51pm Dec 6, 2009 9:51pm

eloaking
| Joined May 2008 | Status: Trader | 48 Posts

Quoting drago24

Disliked

Do daily candles change direction during the day? Ex. if candle is going up is there a chance that it will change direction and go the other way?

Thanks Drago

Ignored

A candle is not a candle until it has fully formed.