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Daily candle chart

  • #441
  • May 7, 2008 12:01pm May 7, 2008 12:01pm
Quoting farimir
Hi Hussin

Thank you for an excellent thread! I visit every day to learn. I would appreciate it if you would learn us how you trade. I can see that you are successful and we can all learn from you. I believe that price action is one of the few ways to trade profitably and candlesticks are an excellent way to read price action. But I think many of us do not have the ability to read candlesticks properly and could learn from you.
thanks farimir
success is unravels the mystery of reading candlestick chart
  • #442
  • Edited 3:07pm May 7, 2008 2:38pm | Edited 3:07pm
Quoting hussin naiji
Rob
what is your point of view about sushi ??
Hi Hussin,

I've been out getting my pretty new passport from the Embassy

Here's a link to what what my personal thoughts were about sushi on 5 May:
http://www.forexfactory.com/showpost...&postcount=443

I had been discussing it with a few people and that's where one's own thoughts often get distorted.

But what you forecast and what I "originally" forecast, has come good it seems as the trend line broke a while ago.

You will notice I used a fib level where the identical 3 crows pattern touched. In your own trading style, would you use this fib level or would you see it as being irrelevant?

I'm short on this pair ...but not until 205.30. A bit late!

Rob
Attached Image (click to enlarge)
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  • #443
  • May 7, 2008 2:57pm May 7, 2008 2:57pm
Quoting hussin naiji
Rob attention to AUDNZD ,
Hussin,

Thanks for AUDNZD note

This is the 5th time in about a week that 1.2070 has rejected a daily candle.

I see the last 4hr candle forming a shooting star and I see a bearish engulfing candle on the 1hr.

I see this as an excellent short opportunity.

How would you trade this Hussin? Would you enter as soon as possible near that high of 1.2070 or would you wait for another moment?

Thanks
Rob
  • #444
  • May 7, 2008 11:43pm May 7, 2008 11:43pm
Quoting hussin naiji
HI farimir
hi blackvanila
hi zufasa
welcome
Hi ...I'm new in forex. I've been following this thread, and this is really good. I learn a lot here. Thank Hussin and all ohters that have contributed. Keep posting the charts ...
  • #445
  • May 7, 2008 11:53pm May 7, 2008 11:53pm
Quoting hussin naiji
this pattern is important as a bearish reversal pattern
Hi hussin naiji,

On the Eur JPY chart you attached, are you considering the two candle sticks (with in the white circle) together to treat it like a long legged doji?

Thanks
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #446
  • May 8, 2008 3:27am May 8, 2008 3:27am
hi traders
  • #447
  • May 8, 2008 3:34am May 8, 2008 3:34am
a bit advise on eu gu and geppy...husin naiji..metastock..someone
  • #448
  • May 8, 2008 3:43am May 8, 2008 3:43am
Quoting priceaction
Hi Hussin,

I've been out getting my pretty new passport from the Embassy

Here's a link to what what my personal thoughts were about sushi on 5 May:
http://www.forexfactory.com/showpost...&postcount=443

I had been discussing it with a few people and that's where one's own thoughts often get distorted.

But what you forecast and what I "originally" forecast, has come good it seems as the trend line broke a while ago.

You will notice I used a fib level where the identical 3 crows pattern touched. In your own trading style, would you use this fib level or would you see it as being irrelevant?

I'm short on this pair ...but not until 205.30. A bit late!

Rob
hi DEAR Rob
this is my point of view about GJ IN THE NEXT WEEKS
Quote:
Originally Posted by hussin naiji http://www.forexfactory.com/images/buttons/viewpost.gif
hi all
long legged doji is an important reversal signal especially at retrace points .this candlestick shows to us that there is a great amount of indecision in the market (especially in between bearish (hussin naiji) and bullish (shahroodi)).
but the bearish long legged doji pattern is rare in the weekly candlestick GJ , so that since in the past fourteen years .only we have seen approximately 6 pattern as follows:
1-Apr 1994 ,then after three weeks with -900 p
2-Nov 1994 , then after four weeks with -2000 p
3-Nov 2000 , then after one week with -1400 p
4-Feb 2002 ,then after two weeks with -1000 p
5-Jun 2007 , then after three weeks with -2500 p
6-Apr 2008 , then??????????????????????????????? ????
of course Rob , my consideration is only from sushi about trend yen
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  • #449
  • May 8, 2008 3:47am May 8, 2008 3:47am
Quoting priceaction
Hussin,

Thanks for AUDNZD note

This is the 5th time in about a week that 1.2070 has rejected a daily candle.

I see the last 4hr candle forming a shooting star and I see a bearish engulfing candle on the 1hr.

I see this as an excellent short opportunity.

How would you trade this Hussin? Would you enter as soon as possible near that high of 1.2070 or would you wait for another moment?

Thanks
Rob
Rob
i think that we must wait for end of this week with a weekly close candlestick and then decision for trade in the best point
wait
  • #450
  • May 8, 2008 3:48am May 8, 2008 3:48am
hi Rob
yours sincerely hussin
  • #451
  • May 8, 2008 3:49am May 8, 2008 3:49am
Quoting zufasa
Hi ...I'm new in forex. I've been following this thread, and this is really good. I learn a lot here. Thank Hussin and all ohters that have contributed. Keep posting the charts ...
thanks zufasa
  • #452
  • May 8, 2008 3:52am May 8, 2008 3:52am
Quoting TradeStar
Hi hussin naiji,

On the Eur JPY chart you attached, are you considering the two candle sticks (with in the white circle) together to treat it like a long legged doji?

Thanks
TS
Tradestar more explanation pls
which chart ??
  • #453
  • May 8, 2008 4:07am May 8, 2008 4:07am
Quoting B@by trader
a bit advise on eu gu and geppy...husin naiji..metastock..someone
wait
  • #454
  • May 8, 2008 4:58am May 8, 2008 4:58am
Hi guys!
Today Hit SL on Ucfh -> -104pips
Opened orders:
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  • #455
  • May 8, 2008 5:08am May 8, 2008 5:08am
Aggressive SELL signal on AudUsd...
regards
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  • #456
  • May 8, 2008 5:18am May 8, 2008 5:18am
Quoting metatsock
Aggressive SELL signal on AudUsd...
regards
thanks meta for signals
agree with sell AUDUSD of course with a daily close
  • #457
  • May 8, 2008 5:26am May 8, 2008 5:26am
Quoting hussin naiji
thanks meta for signals
agree with sell AUDUSD of course with a daily close
....conservative entry is based on today close.
I try aggressive entry, more risk but i have short term TP .9315 -> RR=1
  • #458
  • May 8, 2008 5:30am May 8, 2008 5:30am
Quoting hussin naiji
or even 158.70
Quote:
Originally Posted by metatsock http://www.forexfactory.com/images/buttons/viewpost.gif
Short-term TP maybe the previous bottom.....

i agree with TP 160.60
meta , you are fine with euryen of green pips
  • #459
  • May 8, 2008 5:34am May 8, 2008 5:34am
Quoting hussin naiji
Quote:
Originally Posted by metatsock http://www.forexfactory.com/images/buttons/viewpost.gif
Short-term TP maybe the previous bottom.....

i agree with TP 160.60
meta , you are fine with euryen of green pips
Tnx, I'm very lucky! EJ is still open....now +240pips.....i'm waiting BCE decision on rates!
  • #460
  • May 8, 2008 5:40am May 8, 2008 5:40am
Quoting metatsock
Tnx, I'm very lucky! EJ is still open....now +240pips.....i'm waiting BCE decision on rates!
be careful !
USDYEN is tricky
NZDUSD is wild
GBPUSD is inconstant
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