Okay, that is it, nice trading everybody
- #3,761
- Dec 9, 2008 5:15pm Dec 9, 2008 5:15pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #3,763
- Dec 13, 2008 7:13pm Dec 13, 2008 7:13pm
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
Don't chase the market, Let the market come to you
- #3,764
- Edited Dec 14, 2008 7:52am Dec 13, 2008 7:35pm | Edited Dec 14, 2008 7:52am
- | Commercial User | Joined Mar 2008 | 9,068 Posts
- #3,765
- Dec 14, 2008 4:37am Dec 14, 2008 4:37am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Actually my understang of a Doji is one of the most inmportant candles.The Japanese say one should always take notice of a Doji.
Its the loction that is most important.At the top of a trend the doji needs no confirmation,however at the bottom of a trend one would need confirmation of a doji day.
Its the loction that is most important.At the top of a trend the doji needs no confirmation,however at the bottom of a trend one would need confirmation of a doji day.
a doji alone is not a reversal signal, it is actually pretty weak without confirmation
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #3,766
- Dec 14, 2008 4:40am Dec 14, 2008 4:40am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #3,770
- Dec 14, 2008 2:01pm Dec 14, 2008 2:01pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
The eur/usd looks like a bottom on the weekly chart:
Last week was a large bullish candle, the week before we have see
a high wave candle, indicating indicion, where to go. If price is established
above 1.34 I expect to reach 1.37-1.38 area.
But first have a look at the daily candlestick: we have a doji at the end of an daily uptrend
A doji (if we call last fridays candlestick a doji) is a candlestick with medium reliability:
http://www.candlesticker.com/Cs28.asp
So how about a drop first back to ~1.31/1.30, and maybe in the middle of the week, we will see rising eur/usd to the area 1.37/1.38.
Last week was a large bullish candle, the week before we have see
a high wave candle, indicating indicion, where to go. If price is established
above 1.34 I expect to reach 1.37-1.38 area.
But first have a look at the daily candlestick: we have a doji at the end of an daily uptrend
A doji (if we call last fridays candlestick a doji) is a candlestick with medium reliability:http://www.candlesticker.com/Cs28.asp
So how about a drop first back to ~1.31/1.30, and maybe in the middle of the week, we will see rising eur/usd to the area 1.37/1.38.
- #3,771
- Dec 14, 2008 2:16pm Dec 14, 2008 2:16pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
another pair, involved with the eur:
eur/yen:
I show you the monthly chart, just to spot, where price stalled
since 3 weeks: It is the 138.2 fibo extension-level. Donīt watch at the monthly candle, month is not over.
The weekly candle is exciting, it is a bullish engulfing candle, on
my chart. I realy like to hear a sceond or third opinion, if somebody see
a weekly bullish englfing candle.
The daily is a doji, but I have seen dojis broken to the upside. But first it is a doji, at the end of a uptrend.
The 4 h chart is a doji too.
Let me say something, which i really think: I think we will see the 161.8 fibo extension level at 106-108 area, but we might see 130 first.
eur/yen:
I show you the monthly chart, just to spot, where price stalled
since 3 weeks: It is the 138.2 fibo extension-level. Donīt watch at the monthly candle, month is not over.
The weekly candle is exciting, it is a bullish engulfing candle, on
my chart. I realy like to hear a sceond or third opinion, if somebody see
a weekly bullish englfing candle.
The daily is a doji, but I have seen dojis broken to the upside.
But first it is a doji, at the end of a uptrend.The 4 h chart is a doji too.
Let me say something, which i really think: I think we will see the 161.8 fibo extension level at 106-108 area, but we might see 130 first.
- #3,772
- Dec 14, 2008 2:32pm Dec 14, 2008 2:32pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Geppy monthly: Have we seen the bottom for geppy ? I think, we
will reach 130, but when ??
Geppy weekly chart is a high wave candle:
Open and close are nearly the same, and upper and lower wick have nearly the same lenght.
Is the daily a hanging man or a hammer ?
So best thing, if there is an unclear situation, and not
a clear pattern: donīt trade ! I think we might reach 130, because
its with the trend and a round number, but the weekly candle also
allowes a bullish breakout
will reach 130, but when ??
Geppy weekly chart is a high wave candle:
Open and close are nearly the same, and upper and lower wick have nearly the same lenght.
Is the daily a hanging man or a hammer ?
So best thing, if there is an unclear situation, and not
a clear pattern: donīt trade ! I think we might reach 130, because
its with the trend and a round number, but the weekly candle also
allowes a bullish breakout
- #3,774
- Dec 14, 2008 2:41pm Dec 14, 2008 2:41pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
we might have seen the bottom for GU:
the weekly looks like a piercing line.
IF the dollar starts to get more bearish, we
might see 1.55, but this all depends on the dollar.
I have no clear pattern for this, lets wait 2 or three
trading days.
Good night
the weekly looks like a piercing line.
IF the dollar starts to get more bearish, we
might see 1.55, but this all depends on the dollar.
I have no clear pattern for this, lets wait 2 or three
trading days.
Good night
- #3,777
- Dec 14, 2008 11:06pm Dec 14, 2008 11:06pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Wander where is Mr. Hussin Naiji has been?
He was on long holiday since Nov 24, 2008 .
Any way, there is an inverted hammer continuation, which suggests that there is a overbought market.
a 56 k modem.
Every now and then he have a look at the thread.
- #3,778
- Edited 2:54am Dec 15, 2008 2:21am | Edited 2:54am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Just to be clear the type of doji im talking about at the top of a trend and sit high compared the surrounding price .
Like this,I mean any candle formation is only great in the right place.
Like this,I mean any candle formation is only great in the right place.
Actually my understang of a Doji is one of the most inmportant candles.The Japanese say one should always take notice of a Doji.
Its the loction that is most important.At the top of a trend the doji needs no confirmation,however at the bottom of a trend one would need confirmation of a doji day.
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #3,779
- Dec 16, 2008 10:29am Dec 16, 2008 10:29am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Just to be clear the type of doji im talking about at the top of a trend and sit high compared the surrounding price .
Like this,I mean any candle formation is only great in the right place.
This kind of doji is good, might be the case for eur/gbp at the moment
