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Daily candle chart

  • #21
  • Feb 19, 2008 10:39am Feb 19, 2008 10:39am
hi all past week it formed a bearish dark cloud cover kink of bozu (kabuse)i have explained my post no:15 .but on monday we see a lost labour by bullish that with extreme difficulty have regression .we see today a long red of murubozu .i think we will see end week a bearish engulfing for weekly candle USDCHF
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  • #22
  • Feb 19, 2008 10:52am Feb 19, 2008 10:52am
Past Week It Formed A Inverse Hammer And A Confirmation For Inverse Hammer (i Have Explained My Post No:18)now Daily Candle Chart Usdcad Show To Us A Long Blue Bozu Also It Formed A Pattern No :46
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  • #23
  • Feb 19, 2008 11:37am Feb 19, 2008 11:37am
Quoting hussin naiji
Past Week It Formed A Inverse Hammer And A Confirmation For Inverse Hammer (i Have Explained My Post No:18)now Daily Candle Chart Usdcad Show To Us A Long Blue Bozu Also It Formed A Pattern No :46
Hi Hussin
can u xplain what a Bozu is?
thank you
baz
  • #24
  • Feb 19, 2008 12:01pm Feb 19, 2008 12:01pm
after a long legged doji and a koma ,the next day prices open higher (blue bozu)but bears are able to take price down to new low (107.20) .the bulls try to take it up again ,but the bears maintain control .if the following day sees price going down to new low (106.70) i think the trend will confirm a down below 104
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  • #25
  • Feb 19, 2008 1:37pm Feb 19, 2008 1:37pm
Hi Hussin
can u xplain what a Bozu is?
thank you
baz hi baz .the japanese say to a candle with long bady (blue)
  • #26
  • Feb 19, 2008 1:44pm Feb 19, 2008 1:44pm
Quoting hussin naiji
Hi Hussin
can u xplain what a Bozu is?
thank you
baz hi baz .the japanese say to a candle with long bady (blue)
Thank you
Please keep teaching about candle formations.
thanks
baz
  • #27
  • Feb 20, 2008 5:23pm Feb 20, 2008 5:23pm
hi all after a uptrend ,we see the bears are able to take price down(0.9115)and we see bulls are trying for push above 0.9200 but only we see a small body with long shadow (hanging man)
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  • #28
  • Feb 20, 2008 6:12pm Feb 20, 2008 6:12pm
chart is clear
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  • #29
  • Feb 20, 2008 6:36pm Feb 20, 2008 6:36pm
we know that the dark cloud cover is a signal that show to us an abvious reversal of a trend .remember that kabuse means to get covered or to hang over
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  • #30
  • Feb 21, 2008 8:51am Feb 21, 2008 8:51am
hi past week ,we had saw a bullish piercing line (hi have showed in the post no:9) now ,we see weekly candle EURUSD opens above closed previous week . it is very good for bull camp but i am surprised because this weekly candle is with small body .it is preternatural .if we have a bullish piercing line pattern in the past week we must see entrance new bulls but this a small body show to us other thing
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  • #31
  • Feb 21, 2008 9:14am Feb 21, 2008 9:14am
still the bulls are able to take price up to 61.8% fibo , if daily candle close above this point ,maybe give to us confirmation for up but if no we will see playing hanging man for down
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  • #32
  • Feb 21, 2008 9:32am Feb 21, 2008 9:32am
what means number 108.33 ? first this week until now , upper wick all the candles retest wiyh 108.33 .why? even we see all the candles are with small body. yes small body but small body show to us vacillation and skepticism or fear .today close below 107.80 is good for bear camp
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  • #33
  • Feb 21, 2008 12:36pm Feb 21, 2008 12:36pm
Hussin Naiji

Thank you so much. I am waiting more charts to come.

This is a great thread, has help me a lot too.

Please do have a great day.

Regards,

Forex Star.
  • #34
  • Feb 21, 2008 1:56pm Feb 21, 2008 1:56pm
Quoting Forex Star
Hussin Naiji

Thank you so much. I am waiting more charts to come.

This is a great thread, has help me a lot too.

Please do have a great day.

Regards,

Forex Star.
hi dear forex star .thanks for your kindness and have a nice time 4 u
  • #35
  • Feb 21, 2008 2:00pm Feb 21, 2008 2:00pm
Great thread Wonderful thread. I've read some of your analysis on dailyfx forum. Very insightful. hi dear cheelu .thanks for your kindness and have a good trade 4 u
  • #36
  • Feb 21, 2008 2:02pm Feb 21, 2008 2:02pm
hi dear doji star thanks for your kindness and have a good trade 4 u
  • #37
  • Feb 23, 2008 12:14pm Feb 23, 2008 12:14pm
hi all first i must admited for mistake in to distinguish between piercing line pattern and bullish harami pattern in the past week ,of course distinguish for direction was right.i have not attention for blue bozu lower wick and open price than the previous week .we know that in the piercing line pattern ,the second candle (blue bozu )must formed by opening below the low of the previous week but the past week the second candle (blue bozu)is formed open and close occur inside the open and the close of the previous week.therefore we have a bullish harami pattern for the past weekly candle chart EURUSD .only i am worried for lower wick blue bozu in the bullish harami pattern in the past week because still show to us bears power (1.4472).at any rate ,this week we have saw other blue bozu (D),these two candles (C & D) all of close to equal lenghts (150 p). now end the this week we have a bullish two identical soldiers .whether we must will see next week a bullish three identical soldiers for EURUSD?? only we have saw (B) bulls were abled to take prices up to high (1.4953) we know that criteria for a healthy bullish three identical soldiers is first three long blue bodies occr ,all of open to or equal lenght .therefore if candle (c) lenght is 150 p and candle (D) lenght is 150 p then must candle (F) lenght will be 150 p =1.4825 (close this week )+150 p(F) =1.4975
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  • #38
  • Feb 23, 2008 1:13pm Feb 23, 2008 1:13pm
Quoting hussin naiji
hi all first i must admited for mistake in to distinguish between piercing line pattern and bullish harami pattern in the past week ,of course distinguish for direction was right.i have not attention for blue bozu lower wick and open price than the previous week .we know that in the piercing line pattern ,the second candle (blue bozu )must formed by opening below the low of the previous week but the past week the second candle (blue bozu)is formed open and close occur inside the open and the close of the previous week.therefore we have a bullish harami pattern for the past weekly candle chart EURUSD .only i am worried for lower wick blue bozu in the bullish harami pattern in the past week because still show to us bears power (1.4472).at any rate ,this week we have saw other blue bozu (D),these two candles (C & D) all of close to equal lenghts (150 p). now end the this week we have a bullish two identical soldiers .whether we must will see next week a bullish three identical soldiers for EURUSD?? only we have saw (B) bulls were abled to take prices up to high (1.4953) we know that criteria for a healthy bullish three identical soldiers is first three long blue bodies occr ,all of open to or equal lenght .therefore if candle (c) lenght is 150 p and candle (D) lenght is 150 p then must candle (F) lenght will be 150 p =1.4825 (close this week )+150 p(F) =1.4975
Great work
It is good to learn about candle stick patterns
thank you for your time and effort
baz
  • #39
  • Feb 23, 2008 2:18pm Feb 23, 2008 2:18pm
in the daily candle chart EURUSD we see after a blue marubozu a spining top ,of course this spining top show to us both pressure from bears camp and also pressure from bulls camp .if this candle closed below 1.4800 and also with long lower wick i see fall for eur but upper wick and lower wick are equal .i think this candle tell us thr more bulls the implications and also bulls maintain control .
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  • #40
  • Feb 23, 2008 3:05pm Feb 23, 2008 3:05pm
in daily candle chart GBPUSD we see a bullish breakaway candle pattern .traders will wait for more confirmation next day but we see after this pattern a blue bozu that upper wick this candle equal with 61.8 fibo and even we see a small sell off and also small body . i think this pattern is not good for up and even i see a fall for GBPUSD below 1.9500
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