
Thursday, September 23, 2010
THREE BLACK CROWS - Bearish Candlestick Pattern

Three Black Crows (Bearish) Three Black Crows is a top reversal / bearish reversal formation.It could occur at the end of an uptrend, or during a bounce within a downtrend, or at the resistance.This pattern consists of 3 consecutive long black candlesticks that appear in an upward price trend.The opening price of Candles 2 and 3 of the pattern should be higher than the previous day's closing price (i.e. The prices open within the previous day’s body).And...
Wednesday, September 8, 2010
One-Cancels-Other (OCO) & One-Cancels-All (OCA) Orders
One-Cancels-Other (OCO) Order is a group of orders that consists of two individual orders; if one of the orders is executed, then the other order will be automatically canceled.One-Cancels-All (OCA) Order is a group of orders that consists of 2 or 3 individual orders. When any one of the orders in the group fulfils a trigger condition, the triggered order will be sent to the market for execution, whereas the other order(s) will be automatically canceled.Basically, One-Cancels-Other (OCO) Order and One-Cancels-All (OCA) Order are similar. The difference...