hi DEAR Rob
this is my point of view about GJ IN THE NEXT WEEKS
Quote:
Originally Posted by hussin naijihttp://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
I was referring to this chart you had posted on Eur Jpy. Thanks.
Ignored
dear Tradestar
thanks for to follow and attention
i have posted again with more explanation. as a matter , if we will want that have a candlestick analysis about a bearish long legged doji must at least use from front three candlestick.
we have seen a blue opening marubozu in the past friday (still the market is bullish) then we see a small upper wick candle. this candle show to us the diminishing power bulls.
then we see along legged doji , attention that this candle is missing real body
therefore this observation shows that the market is falling and bears will increase their sales , leading to a lower pirce
Yesterday daily candle seems a POSSIBILE TOP, but today BULL POWER is strong....i 'll wait for a reversal patter to enter in AN.
Weekly chart is also in up trend so pay attention to enter short...
Regards
When we look at candles on daily, weekly and monthly charts, whilst I can gain the big picture of what might happen quite well, selecting an entry point and minimising risk is a challenge.
I believe that you don't use a stop loss. But even this approach requires risk to be mentally accepted.
Do you have some basic ground rules that can help with entries on these higher time frames?
When we look at candles on daily, weekly and monthly charts, whilst I can gain the big picture of what might happen quite well, selecting an entry point and minimising risk is a challenge.
I believe that you don't use a stop loss. But even this approach requires risk to be mentally accepted.
Do you have some basic ground rules that can help with entries on these higher time frames?
Thanks,
Rob
Ignored
attention on Monday and on Tuesday are birth weekly candlestick patterns
therefore i wait till on Tuesday (end on Tuesday ) then i investigate these new candlestick patterns whether these candlestick patterns have health and honesty for enter then with use by fibo exit points
in fact my positions are weekly no daily
even sometime use by other candlestick patterns for exit points
