Daily candle chart | Page 35 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, NZD/USD, USD/JPY, AUD/USD

Similar Threads

Daily Candle On Chart Indicator? 9 replies

Daily Chart 3-Candle 1,371 replies

Weekly chart with daily candle patterns 2 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: Daily candle chart
Exit Attachments

Daily candle chart

  • #681
  • May 17, 2008 10:31am May 17, 2008 10:31am
but GBPUSD
in the my post no :666 , i have pointed to a classic hammer then we see a defective hammer .but finally the bulls were abled to take price up
i see GBPUSD above 1.97xx
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 14 KB
Click to Enlarge Name: 2.gif Size: 19 KB
  • #682
  • May 17, 2008 10:36am May 17, 2008 10:36am
Quoting hussin naiji
but GBPUSD
in the my post no :666 , i have pointed to a classic hammer then we see a defective hammer .but finally the bulls were abled to take price up
i see GBPUSD above 1.97xx
also in the weekly candle chart below we see a bullish hammer pattern .of course a defective hammer
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
  • #683
  • May 18, 2008 1:46am May 18, 2008 1:46am
Hussin,

As always, many thanks for sharing your excellent candle analysis.

Your EURUSD chart gives me a warm feeling - as I'm long from 1.54

Rob
  • #684
  • May 18, 2008 4:13am May 18, 2008 4:13am
Quoting cmfxmen
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+
hi cmfxmen
thank you .but about your question ,
 the major signals of candlesticks are as follows:
1-hammers (takuri)
2-piercing line (kirikomi)
3-engulfing pattern (tsutsumi)
4-dark cloud cover (kabuse)
5-kicking (keri ashi)
6-doji (doji)
7-harami (harami)
8-shooting star (nagare boshi)
9-hanging man
10-inverted hammers (tohba)
11-evening star (sankawa yoi no myojyo)
12-morning star (sankawa ake no myojyo)
and the secondary signals are as follows :
1-belt hold
2-three outside up
...
....
....
99-bullish homing pigeon
100-concealing baby swallow
101-matching low
102-stick sandwich

be careful , only these candlesticks have high reliability or medium reliability for daily or weekly candle as follows:
1-blue closing bozu
2-blue opening bozu
3-blue of bozu
4-red of bozu
5-red closing bozu
6-red opening bozu
7-long upper wick
8-blue marubozu
9-long blue candlestick
10-blue opening marubozu
11-blue closing marubozu
12-red marubozu
13-red closing marubozu
14-red opening marubozu
15-long red candlestick
16-plus koma
17-negative koma
but below daily timeframe(H8-H4-H1-M30-M15) , these candlesticks have high reliability or medium reliability as follows:
1-karakasa
2-tohbo
3-high wave
4-long legged doji
5-inverted hammer
6-blue candlestick
7-red candlestick
8-red spinning top
9-blue spinning top
10-four price doji
11-short blue candlestick
12-short black candlestick
13-star
14-rickshaw man
  • #685
  • May 18, 2008 7:16am May 18, 2008 7:16am
Quoting metatsock
I try to find possibile TP short term of Eu, GU e NU....
What do you think?
hi meta, hi all,

just my opinion:

GBP/USD is 1,9583 now at the weekend at http://www.forex-markets.com/quotes.htm
On the smaller timeframes (4h) there was a hammer + the stop-level at 1,9566.
Because the price broke through the stop-level there is a good posibility,
of the upward movement. On the daily the 13 ema on my chart is at, 1,9563,
so this is broken, this means this is just the beginning where the bulls come
in to play. Because I have no pivot-point by now, maybe 1,9750 is a good
target (62 EMA at the daily). Also take a look at the daily pivot-points.

NZD/USD price is 0,7732 now. This one is a little bit difficult for me, traded
its first time, after metas last hint for the daily hammer, and get in a little
bit late, but in profit :-) The ema 13 on the daily was taken, so bulls are
definitly in play. But i dont no, if they have enough power to push price
to the trendline at 78,40. Near 78,40 is the stop-level, so price might no
go throug this (because of the trendline).

EURUSD, if you draw a fibo-line from 23.04.2008 (1,60XX) till 08.05.2008 (1,52xx), there shoud be a retracement till 50% or maybe 61,8% (1,5650, 157,20) EMA 13 is broken, so bulls are in control.

Sorry no charts on weekend, because the broker starts when next
session starts.

EVERYTHING i sayed is invalid, if Dow Jones starts his fall next week
  • #686
  • May 18, 2008 8:40am May 18, 2008 8:40am
USDCHF
- Sell Signal - 3 River Evening Doji Star (very bearish signal - possible market top
- Enter short position. Place stop above 1.0594.
- Before entering short position, examine loner term cycle.

USDJPY
- Sell Signal - Engulfing Bearish Line Confirmation
- Conservative traders may now enter short position. Aggressive traders main Short. Main Stop above 105.44.
- Before entering short position, examine loner term cycle.

EURUSD
- Buy Signal - Breakout - (Double) Engulfing Bullish Line
- It may be wise to enter long position if next candle has a higher high
- Aggressive Traders: It might be wise to enter long position. Place stop below 1.5449

GBPUSD
- Buy Signal - Bullish Harami Line Continuation
- Maintain long position. Maintain stop below 1.94014
- Neutral body reversal : THis pattern is signalling an end to the previous strong bearish trend. Look at weekly and other long term charts for signals indicating a major bottom. __________________
  • #687
  • May 18, 2008 4:48pm May 18, 2008 4:48pm
Quoting peaches
hi meta, hi all,

just my opinion:

GBP/USD is 1,9583 now at the weekend at http://www.forex-markets.com/quotes.htm
On the smaller timeframes (4h) there was a hammer + the stop-level at 1,9566.
Because the price broke through the stop-level there is a good posibility,
of the upward movement. On the daily the 13 ema on my chart is at, 1,9563,
so this is broken, this means this is just the beginning where the bulls come
in to play. Because I have no pivot-point by now, maybe 1,9750 is a good
target (62 EMA at the daily). Also take a look at the daily pivot-points.

NZD/USD price is 0,7732 now. This one is a little bit difficult for me, traded
its first time, after metas last hint for the daily hammer, and get in a little
bit late, but in profit :-) The ema 13 on the daily was taken, so bulls are
definitly in play. But i dont no, if they have enough power to push price
to the trendline at 78,40. Near 78,40 is the stop-level, so price might no
go throug this (because of the trendline).

EURUSD, if you draw a fibo-line from 23.04.2008 (1,60XX) till 08.05.2008 (1,52xx), there shoud be a retracement till 50% or maybe 61,8% (1,5650, 157,20) EMA 13 is broken, so bulls are in control.

Sorry no charts on weekend, because the broker starts when next
session starts.

EVERYTHING i sayed is invalid, if Dow Jones starts his fall next week
thanks peaches
best regard
hussin
  • #688
  • May 18, 2008 4:50pm May 18, 2008 4:50pm
thanks eneloop for signals
best regard
hussin
  • #689
  • May 18, 2008 5:24pm May 18, 2008 5:24pm
Quoting peaches
hi meta, hi all,

just my opinion:

GBP/USD is 1,9583 now at the weekend at http://www.forex-markets.com/quotes.htm
On the smaller timeframes (4h) there was a hammer + the stop-level at 1,9566.
Because the price broke through the stop-level there is a good posibility,
of the upward movement. On the daily the 13 ema on my chart is at, 1,9563,
so this is broken, this means this is just the beginning where the bulls come
in to play. Because I have no pivot-point by now, maybe 1,9750 is a good
target (62 EMA at the daily). Also take a look at the daily pivot-points.

NZD/USD price is 0,7732 now. This one is a little bit difficult for me, traded
its first time, after metas last hint for the daily hammer, and get in a little
bit late, but in profit :-) The ema 13 on the daily was taken, so bulls are
definitly in play. But i dont no, if they have enough power to push price
to the trendline at 78,40. Near 78,40 is the stop-level, so price might no
go throug this (because of the trendline).

EURUSD, if you draw a fibo-line from 23.04.2008 (1,60XX) till 08.05.2008 (1,52xx), there shoud be a retracement till 50% or maybe 61,8% (1,5650, 157,20) EMA 13 is broken, so bulls are in control.

Sorry no charts on weekend, because the broker starts when next
session starts.

EVERYTHING i sayed is invalid, if Dow Jones starts his fall next week
look at this

The stochastic up top has been flat, or down, from April 21 yet price has continued to climb since then, creating a possible bearish divergence once they officially start trending down. Also, the MACD shows the same bearish diverence. The stochastic just started to cross down Friday, so a another weak close on Monday should confirm the bearish divergence, and possibly a market a top
Attached Image
Don't chase the market, Let the market come to you
  • #690
  • May 18, 2008 6:19pm May 18, 2008 6:19pm
anyone get the signal?
Attached Image (click to enlarge)
Click to Enlarge Name: bear.gif Size: 34 KB
  • #691
  • May 18, 2008 7:40pm May 18, 2008 7:40pm
b@bytrader I think its a wrong signal..look back at your interbank platform..today the candle you post(white one just close)and a new candle appear..what I think it might be cause by your platform gmt..I suggest you to switch as you only a demo user to interbank.
  • #692
  • May 19, 2008 2:42am May 19, 2008 2:42am
Quoting B@by trader
anyone get the signal?
thanks B@by trader but you must wait a daily close below 2.0415 till give to you a form candlestick pattern and break daily trend line
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #693
  • May 19, 2008 4:15am May 19, 2008 4:15am
Quoting peaches
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.

We shall see how it goes...
  • #694
  • May 19, 2008 4:59am May 19, 2008 4:59am
Quoting hussin naiji
attention :we must deep concentration for our transactions to these factors.
every the pair have sensitiveness to these factors in this time .of course these factors will change by other factors in the next time
for EUR/USD
value of usd+inflation+CRB+DIVERGANCE BOND YEILD
If you mean that the EU will drop then I agree short term
Don't chase the market, Let the market come to you
  • #695
  • May 19, 2008 5:15am May 19, 2008 5:15am
Only Attention To Priority Of Factors
  • #696
  • May 19, 2008 5:25am May 19, 2008 5:25am
SEE
http://www.bloomberg.com/apps/news?p...refer=currency
but im agree with sell AUDNZD
  • #697
  • May 19, 2008 7:41am May 19, 2008 7:41am
now im buy gu but...
Attached Image (click to enlarge)
Click to Enlarge Name: help out.gif Size: 63 KB
  • #698
  • May 19, 2008 7:56am May 19, 2008 7:56am
Quoting B@by trader
now im buy gu but...
dear B@by trader ,you must wait for daily close then you can say this pattern is dark cloud cover or harami or ...
  • #699
  • May 19, 2008 10:46am May 19, 2008 10:46am
Hello hussin naiji

Thanks a lot for your explanations
A+
  • #700
  • May 19, 2008 2:33pm May 19, 2008 2:33pm
forgive me hussin for posting this, but divergence on daily chart will not apear every day and most of it play out well. So maybe this one is a good traiding chance: bearish classicle divergence, maybe EMA 150 as a resistance, stochastics not to bad and a bearish shooting star 2 days ago (to match the thread theme). Have a look and decide yourself about CADJPY:
Attached Image (click to enlarge)
Click to Enlarge Name: 17_04_08_cadjpy_daily.jpg Size: 81 KB
4 traders viewing now