Attachments: Daily candle chart

Daily candle chart

#721
May 21, 2008 3:54am May 21, 2008 3:54am

hussin naiji
Joined Nov 2007 | Status: beginner | 7,828 Posts

in the daily candle chart below we see a very strong bullish engulfing pattern previous day .
but im worried for lack of of ability exit from this zone on the other hand this candlestick pattern is very strong .i think we must wait for daily close and then .....

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#722
May 21, 2008 3:56am May 21, 2008 3:56am

hussin naiji
Joined Nov 2007 | Status: beginner | 7,828 Posts

hi meta
what is your signal (daily GBPUSD) ??
thanks

#723
May 21, 2008 4:01am May 21, 2008 4:01am

eneloop
| Joined Feb 2008 | Status: Senior Member | 560 Posts

Quoting hussin naiji

Disliked

what is your signal (daily GBPUSD) ??

Ignored

USDCHF
Bearish Candle on 20 May (Tuesday)
- Bearish Signal - Engulfing Bearish Line

USDJPY
Bearish Candle on 20 May (Tuesday)
- Sell Signal - Tasuki Line: a white line is engulfed by 2 black candles

EURUSD
Long White Candle on 20 May (Tuesday)
- Bullish continuation - Bullish Trending Candle take over
- Last Engulfing Bullish - Possible Top (if Dark Cloud formed) or a lower open

GBPUSD
Long White Candle on 20 May (Tuesday)
- Bullish continuation
- Buy Signal: Bullish Trending Candle and White inside Out
- Possible Overbought Market: Bullish Harami Lines Continuation

#724
May 21, 2008 4:06am May 21, 2008 4:06am

hussin naiji
Joined Nov 2007 | Status: beginner | 7,828 Posts

Quoting eneloop

Disliked

USDCHF
Bearish Candle on 20 May (Tuesday)
- Bearish Signal - Engulfing Bearish Line

USDJPY
Bearish Candle on 20 May (Tuesday)
- Sell Signal - Tasuki Line: a white line is engulfed by 2 black candles

EURUSD
Long White Candle on 20 May (Tuesday)
- Bullish continuation - Bullish Trending Candle take over
- Last Engulfing Bullish - Possible Top (if Dark Cloud formed) or a lower open

GBPUSD
Long White Candle on 20 May (Tuesday)
- Bullish continuation
- Buy Signal: Bullish Trending Candle and White inside Out
- Possible Overbought Market: Bullish Harami Lines Continuation

Ignored

thanks eneloop

#725
May 21, 2008 4:07am May 21, 2008 4:07am

hussin naiji
Joined Nov 2007 | Status: beginner | 7,828 Posts

good day Rob

#726
May 21, 2008 12:14pm May 21, 2008 12:14pm

Kokan
| Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts

I've seen you were discussing about GBPUSD so here is my view.

Yesterday we have had an strong bullish candle but I was out of my computer to warn you for today.
As you can see on my chart GBPUSD is moving quite predictive in downtrend channel, so for tomorrow pair could continue it's downtrend route.

By the way is this hammer look like last candle.

Best regards.

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#727
May 21, 2008 12:33pm May 21, 2008 12:33pm

hussin naiji
Joined Nov 2007 | Status: beginner | 7,828 Posts

Quoting Kokan

Disliked

I've seen you were discussing about GBPUSD so here is my view.

Yesterday we have had an strong bullish candle but I was out of my computer to warn you for today.
As you can see on my chart GBPUSD is moving quite predictive in downtrend channel, so for tomorrow pair could continue it's downtrend route.

By the way is this hammer look like last candle.

Best regards.

Ignored

hi dear Kokan if you read post no:704 also we have pointed to a false break

#728
May 21, 2008 12:35pm May 21, 2008 12:35pm

hussin naiji
Joined Nov 2007 | Status: beginner | 7,828 Posts

Quoting hussin naiji

Disliked

hi dear Kokan if you read post no:704 also we have pointed to a false break

Ignored

but i see a little up then fall

#729
May 21, 2008 12:52pm May 21, 2008 12:52pm

metatsock
| Commercial User | Joined Dec 2006 | 997 Posts

Quoting hussin naiji

Disliked

hi meta
what is your signal (daily GBPUSD) ??
thanks

Ignored

Hi Hussin!
If today candle is confirmed at the end of day, this is a BULLISH SIGNAL
Today NU hit TP-> +136pips

UJ & EChf are still open.....
Regard

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#730
May 21, 2008 12:55pm May 21, 2008 12:55pm

hussin naiji
Joined Nov 2007 | Status: beginner | 7,828 Posts

Quoting metatsock

Disliked

Hi Hussin!
If today candle is confirmed at the end of day, this is a BULLISH SIGNAL
Today NU hit TP-> +136pips
UJ & EChf are still open.....
Regard

Ignored

hi meta
h r u ?
where are you ?

#731
May 21, 2008 1:02pm May 21, 2008 1:02pm

metatsock
| Commercial User | Joined Dec 2006 | 997 Posts

Quoting hussin naiji

Disliked

hi meta
h r u ?
where are you ?

Ignored

Fine tnx! And you?
I'm an Italian Trader....and you?

#732
May 21, 2008 1:16pm May 21, 2008 1:16pm

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

Quoting hussin naiji

Disliked

also about your question , i must say to you that if you are working on daily candle chart attention cases as follows :
on Monday and Tuesday are for birth of candlestick patterns
on wendnesday is an untimely death (deficency)or continuation of life
on Thursday is middle-aged
and on Friday is death.
this cycle at times is in weekly or daily or even 12H - ...
of course some times(very little ) we see deficiency this cycle

Ignored

hi hussin, thank you very much for your recommendation and help. I see a pattern at the beginning of the asia session, so it might be a good idea, to wait for london or new york for confirmation. It also might be a good idea to look for candels on sunday/monday and start trading tuesday... Its totally different from trading 4h or 1h, its relaxing and candel-pattern seems powerfull and trustfully. I realy like this kind of trading style. :-)

#733
May 21, 2008 1:27pm May 21, 2008 1:27pm

hussin naiji
Joined Nov 2007 | Status: beginner | 7,828 Posts

Quoting peaches

Disliked

hi hussin, thank you very much for your recommendation and help. I see a pattern at the beginning of the asia session, so it might be a good idea, to wait for london or new york for confirmation. It also might be a good idea to look for candels on sunday/monday and start trading tuesday... Its totally different from trading 4h or 1h, its relaxing and candel-pattern seems powerfull and trustfully. I realy like this kind of trading style. :-)

Ignored

thanks dear peaches
i trades on daily candle only some time maybe on 12h but rarely on 8h and 4h

#734
May 21, 2008 1:37pm May 21, 2008 1:37pm

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

Quoting metatsock

Disliked

Hi Hussin!
If today candle is confirmed at the end of day, this is a BULLISH SIGNAL
Today NU hit TP-> +136pips
UJ & EChf are still open.....
Regard

Ignored

G/U is difficult for me. Maybe a buy-limit-order above 1,9730 with targets 50 % fibo (its also ema 365) or 61,8 % (also stop-level !).
Or short from 1,9720 with tight SL (I know hussin, you don´t like SL).
Resistenz might be 1,96. But stochastics ar just beginning to cross
for bullish.

And remember the bullish hammer at the weekly, its not finished yet !

I think, best for ME is on the sideline and watch for now :-)

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#735
May 21, 2008 2:09pm May 21, 2008 2:09pm

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

Quoting metatsock

Disliked

Hi Hussin!
If today candle is confirmed at the end of day, this is a BULLISH SIGNAL
Today NU hit TP-> +136pips
UJ & EChf are still open.....
Regard

Ignored

meta i´m with you on the short side since the top of the weekly with the swissy. FIRST target for me is 1,61 (!) for eur/chf. Have a look at the weekly, there is so much room below.... stop level and ema365 at 1,57 and 1,58, and why not break it ? :-) Below this, bearish territory just beginning !
On the sideline with UJ, might drop 100,50, might pushing till 107,20, right now in the middle of nowhere for me.
Thinking of starting shorts for NU at 78,50 / 79,00. A bearish candle next monday/tuesday would be very nice :-)

Have a look to eur/aud, the bullish hammer from yesterday ! while i´m typing the price starts reacting, target 1,65... :-)

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#736
May 21, 2008 3:58pm May 21, 2008 3:58pm

metatsock
| Commercial User | Joined Dec 2006 | 997 Posts

Quoting peaches

Disliked

meta i´m with you on the short side since the top of the weekly with the swissy. FIRST target for me is 1,61 (!) for eur/chf. Have a look at the weekly, there is so much room below.... stop level and ema365 at 1,57 and 1,58, and why not break it ? :-) Below this, bearish territory just beginning !
On the sideline with UJ, might drop 100,50, might pushing till 107,20, right now in the middle of nowhere for me.
Thinking of starting shorts for NU at 78,50 / 79,00. A bearish candle next monday/tuesday would be very nice :-)

Have a look to eur/aud, the bullish hammer from yesterday ! while i´m typing the price starts reacting, target 1,65... :-)

Ignored

Hi peaches! My SL & TP on U/J and E/CHF. I think that short-term UJ TP could be 102.70-102.50...only if it breaks this support UJ could going down @ 101-100.80. I'm waiting UsdCad: it seems very oversold....i'm waiting for reversal pattern!

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#737
May 21, 2008 6:28pm May 21, 2008 6:28pm

Aad
Joined Feb 2008 | Status: ¨°-°¨ | 916 Posts

Quoting metatsock

Disliked

Hi Hussin!
If today candle is confirmed at the end of day, this is a BULLISH SIGNAL
Today NU hit TP-> +136pips
UJ & EChf are still open.....
Regard

Ignored

Hi Metastock & Hussin, in you opinions is it late to try to enter GBP/USD for the long ride? I see weekly R2 coming up @ 1.9791 on the daily chart...

#738
May 21, 2008 10:29pm May 21, 2008 10:29pm

eneloop
| Joined Feb 2008 | Status: Senior Member | 560 Posts

Candlestick Forecast for 22 May 2008

Based onDaily Candlestick on 21 May (Wednesday)

USDCHF
- Long Back line: Bearish
- Bearish Trending Candle takes over: Bearish continuation, signalling a strong bearish trend that may continue. If short, maintaining position and trail stop. Existing shorts may consider adding position. Others, look for continued decline and sell. Look at weekly and other stronger charts for signal indicating a major top or bottom, or the continuation of an existing trend.
- Place stop above 1.0390, the top of this candle.

USDJPY
- Back line: Bearish
- Bearish Trending Candle takes over: Bearish continuation, signalling a strong bearish trend that may continue. If short, maintaining position and trail stop. Existing shorts may consider adding position. Look at weekly and other stronger charts for signal indicating a major top or bottom, or the continuation of an existing trend.
- Place stop above 103.65, the top of this candle.

EURUSD
- Long white candle: Bullish
- Engulfing Bullish Line: Bullish & Overbought: maintain long position, move SL to 1.5630 (the candle low)
- Bullish Trending Candle take over: Bullish continuation.
Signalling a strong bullish trend that may continue. If long, maintaining position and trail stop. Existing longs may consider adding position. Others, look for continued rally and buy. Look at weekly and other stronger charts for signal indicating a major top or bottom, or the continuation of an existing trend.
- Place stop below 1.5630, the low of this candle

GBPUSD
- White lower shadow: Bullish
- Bullish Harami Line continuation: suggesting the bullish trend is weaking. Overbought, look to cover long position. Trail stop to 1.9612, the current candle low.

#739
May 21, 2008 11:19pm May 21, 2008 11:19pm