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Daily candle chart

  • #661
  • May 15, 2008 2:59am May 15, 2008 2:59am
Quoting priceaction
Hussin,

Good morning from Prague.

I have got hold of the book "Japanese Candlesticks Charting Techniques by Steve Nison". Good reading.

I am currently up a collective +240 right now so now I have time to read & learn more about the Japanese art

Rob
Yes I'm half way through also. Very good.

There do seem to be a lot of candle formations that have gaps which you don't see in forex, well so infrequently as to be insignificant. Does anyone have the list for best candles + formations for forex?
  • #662
  • May 15, 2008 5:51am May 15, 2008 5:51am
hi everyone,

please use indicator only for help. I think it should not be the only indicator for a decision for a trade. If a pattern is recognised, take a look at http://www.candlesticker.com/Bullish.asp for verification with eyes.

trade at your own risk, and be successfull :-)
  • #663
  • May 15, 2008 8:50am May 15, 2008 8:50am
Quoting Vantage
Yes I'm half way through also. Very good.

There do seem to be a lot of candle formations that have gaps which you don't see in forex, well so infrequently as to be insignificant. Does anyone have the list for best candles + formations for forex?
Hussin recommended a book here: http://www.forexfactory.com/showpost...&postcount=504

I am trying to find a copy.

Rob
  • #664
  • May 15, 2008 11:18am May 15, 2008 11:18am
Quoting priceaction
Hussin recommended a book here: http://www.forexfactory.com/showpost...&postcount=504

I am trying to find a copy.

Rob
ROb
I think that book THE JAPANESE CHARTS OF CHARTS written by SHIMIZU SEIKI is best for candlestick analysis
  • #665
  • May 15, 2008 11:22am May 15, 2008 11:22am
in the daily candle chart below we see a hammer previous day
we will see slowly up trend for EURUSD in the next days
Attached Image (click to enlarge)
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  • #666
  • May 15, 2008 11:25am May 15, 2008 11:25am
Quoting hussin naiji
in the daily candle chart below we see a hammer previous day
we will see slowly up trend for EURUSD in the next days
also GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 14 KB
  • #667
  • May 15, 2008 2:06pm May 15, 2008 2:06pm
Hello hussin naiji
Before thanks a lot for your work, It is very important for a beginner like me to understand these candles and patterns but I have a question,
The recognition of these candles and patterns works in the same way for all the time frame 5M 15M 30M ......?
Thank a lot
A+
  • #668
  • May 15, 2008 2:18pm May 15, 2008 2:18pm
Quoting hussin naiji
ROb
I think that book THE JAPANESE CHARTS OF CHARTS written by SHIMIZU SEIKI is best for candlestick analysis
Thanks Hussin,
I am trying to get a copy.

Nice bullish candles on EU & GU

Rob
  • #669
  • May 15, 2008 3:49pm May 15, 2008 3:49pm
Quoting hussin naiji
also GBPUSD
I agree with you!
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  • #670
  • May 15, 2008 3:50pm May 15, 2008 3:50pm
Also Nu seems interesting.....
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  • #671
  • May 15, 2008 5:13pm May 15, 2008 5:13pm
there is a possebility on eur/chf, a shooting star near a major trend line,
looks nice,maybe down to 1,6050 (stop-level-reverse & ema62).

eur/cad wasnt a good idea yesterday, trendline broken, stop loss hit: give a little, take a little. happy trading...
Attached Image (click to enlarge)
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  • #672
  • May 15, 2008 6:04pm May 15, 2008 6:04pm
Quoting metatsock
Also Nu seems interesting.....
yes im agree for buy NZDUSD
  • #673
  • May 15, 2008 6:05pm May 15, 2008 6:05pm
Quoting peaches
there is a possebility on eur/chf, a shooting star near a major trend line,
looks nice,maybe down to 1,6050 (stop-level-reverse & ema62).

eur/cad wasnt a good idea yesterday, trendline broken, stop loss hit: give a little, take a little. happy trading...
thanks Peaches
  • #674
  • May 15, 2008 6:08pm May 15, 2008 6:08pm
Quoting hussin naiji
yes im agree for buy NZDUSD
or sell AUDNZD with good news about PPI
  • #675
  • May 15, 2008 6:24pm May 15, 2008 6:24pm
Quoting peaches
there is a possebility on eur/chf, a shooting star near a major trend line,
looks nice,maybe down to 1,6050 (stop-level-reverse & ema62).

eur/cad wasnt a good idea yesterday, trendline broken, stop loss hit: give a little, take a little. happy trading...

Hi Peaches it will be interesting to see if we can put that candle formation indicator to the test and see how consistent it actually is...
  • #676
  • May 16, 2008 8:31am May 16, 2008 8:31am
aad, i use this indicator, but it may be a few weeks for showing results.

I have no technical skills to backtest this indicator, maybe someone can ?

the bearish daily patterns from yesterday are not materializing today,
maybe we will have a super-bearish-next-week.
  • #677
  • May 16, 2008 9:05am May 16, 2008 9:05am
Hi guys, great thread here, i'm a candlestick fan myself, im about half way thru one of Steve Nison's candlestick books, it's a very good read.
Amazon has some copies of THE JAPANESE CHARTS OF CHARTS that Hussin recommended.
  • #678
  • May 16, 2008 9:34am May 16, 2008 9:34am
I try to find possibile TP short term of Eu, GU e NU....
What do you think?
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  • #679
  • May 17, 2008 9:58am May 17, 2008 9:58am
in the my post no:665 ,i have pointed to a hammer in the daily candle chart EURUSD.even we have seen after this a defective inverted hammer that this candle is signaling to us for up.
now we see a bullish engulfing pattern .
attention :yellow line is PL LONG TERM
Attached Image(s) (click to enlarge)
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  • #680
  • May 17, 2008 10:16am May 17, 2008 10:16am
Quoting hussin naiji
in the my post no:665 ,i have pointed to a hammer in the daily candle chart EURUSD.even we have seen after this a defective inverted hammer that this candle is signaling to us for up.
now we see a bullish engulfing pattern .
attention :yellow line is PL LONG TERM
also in the weekly candle chart below we see abullish rickshaw man doji with medium reliability.
Attached Image (click to enlarge)
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