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Daily candle chart

  • #961
  • May 28, 2008 10:22am May 28, 2008 10:22am
Quoting baz
This thought can really help

http://uk.f862.mail.yahoo.com/ya/dow...&head=b&Idx=28


Listen In
Only when we find the quietness in our own minds can we begin to hear our inner teacher, so that we may receive some in-tuition. Only when we are ready to recognise and value the wisdom that we carry at the core of our being will we turn our attention inwards and 'listen in'. But it's been a long time since we truly listened, so a little practice and patience will be needed. Sit down, be quiet and listen in at some point today and you might be surprised at what you hear. Then do it again tomorrow. All you need to do is remember that you are the listener and not the noise.
Words of wisdom Baz.
  • #962
  • May 28, 2008 10:26am May 28, 2008 10:26am
Quoting priceaction
Words of wisdom Baz.
  • #963
  • May 28, 2008 11:19am May 28, 2008 11:19am
few days left for the monthly, but i find this very interisting.

I realy look forward to hear a few words from our teachers
about the monthly candel next week. eur/usd at a long term top ?
Gbp/usd going below 1,9320/80 and big drop till the end of the year ?

definitions from http://www.candlesticker.com:

eur/usd

Long Legged Doji (Spinning top ?)

"Long Legged Doji is especially important at tops.
Long Legged Doji is a single candlestick pattern.
Hence, a confirmation is definitely required in the form
of an opposite move to the prior trade on the next trading
day in order to judge that a reversal may be starting."

gbp/usd

Hammer

"If the hammer is characterized by a close above the open
thus causing a white body, the situation looks even better
for the bulls.

The Bullish Dragonfly Doji pattern is generally considered
more bullish than the Bullish Hammer Pattern and a higher
reliability is ascribed to this Doji than the Bullish
Hammer Pattern.

The reliability of Bullish Hammer Pattern is low.
It requires confirmation of the implied trend reversal
by a white candlestick, a large gap up or a higher
close on the next trading day."
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdmonthly.gif Size: 11 KB
Click to Enlarge Name: gbpusdmonthly.gif Size: 12 KB
  • #964
  • May 28, 2008 11:24am May 28, 2008 11:24am
Quoting peaches
few days left for the monthly, but i find this very interisting.

I realy look forward to hear a few words from our teachers
about the monthly candel next week. eur/usd at a long term top ?
Gbp/usd going below 1,9320/80 and big drop till the end of the year ?

definitions from http://www.candlesticker.com:

eur/usd

Long Legged Doji (Spinning top ?)

"Long Legged Doji is especially important at tops.
Long Legged Doji is a single candlestick pattern.
Hence, a confirmation is definitely required in the form
of an opposite move to the prior trade on the next trading
day in order to judge that a reversal may be starting."

gbp/usd

Hammer

"If the hammer is characterized by a close above the open
thus causing a white body, the situation looks even better
for the bulls.

The Bullish Dragonfly Doji pattern is generally considered
more bullish than the Bullish Hammer Pattern and a higher
reliability is ascribed to this Doji than the Bullish
Hammer Pattern.

The reliability of Bullish Hammer Pattern is low.
It requires confirmation of the implied trend reversal
by a white candlestick, a large gap up or a higher
close on the next trading day."
very good
go on your work
  • #965
  • May 28, 2008 3:45pm May 28, 2008 3:45pm
NU: sell stop @ break .7830
Regards
Attached Image (click to enlarge)
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  • #966
  • Edited 5:09pm May 28, 2008 4:37pm | Edited 5:09pm
Quoting hussin naiji
Rob
for info
im sell CJ
----- -AJ
-------GJ
-------UJ
I think we must have patience. Maybe tommorrow during New York, maybe friday, maybe on Monday...

some charts overlaying dow jones (black/white candels) with jen-crosses (candels with colour).

1. cj
2. aj
3. gj
4. uj

I think friday or monday, dow has to climb a little bit more.

GJ: If during asia-session price drops, und tommorow during london/ny this one will be pushed up, i think there will be a very interisiting candle tommorow (doji?). :-) lets see.
e/u looks healthy bearish btw.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dowjones_audjpy.gif Size: 27 KB
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Click to Enlarge Name: dowjones_usdjpy.gif Size: 27 KB
  • #967
  • May 29, 2008 6:35am May 29, 2008 6:35am
Well I closed out GU for 67 pips



See EJ, wow... a cool 100+ pips!
  • #968
  • May 29, 2008 8:54am May 29, 2008 8:54am
hello hussin

I shall wish your opinion think you that indicator and reliable and complete in the recognition of patterns?
Thanks
A+
Attached Image (click to enlarge)
Click to Enlarge Name: candle.gif Size: 30 KB
  • #969
  • May 29, 2008 10:19am May 29, 2008 10:19am
Quoting hussin naiji
very good
go on your work
Hussin, thank you very much for guiding me through the daily candels !

I have increased my account for 5 % in one week (well its thursday by now).

I could have made better, if i have wait confirmation-candels developing (took trades to early), only took a trade if there is a clear trend, avoid to take trades only by thinking "thats a good idea", maybe have more patience (go out of a trade to early). Still learning.
  • #970
  • May 29, 2008 1:53pm May 29, 2008 1:53pm
Wow... check out EU... nearly quids in, 200 pips... I didn't take this, I was riding GU... there is still some steam... though I think... I only had one lot and didn't want to risk it.

Though check out me chart that I posted the other day... excellent... stuff... though I think there will be a little retracement before the train carries on.

Check the 4H if anyone is interested...
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd.gif Size: 11 KB
  • #971
  • May 29, 2008 1:58pm May 29, 2008 1:58pm
Check out GU... I took my TP at the trendline going up...

Ok I am bored.... watching Eastenders... lol... I know... Thought I keep this thread going... love it... no more indicators, just follow the train.

Guys remember, there will be losses... cut them and wait for the new entry, don't go chasing the losses... good MM and you will be alright... look at FF and there will be loads on MM or check OzFX thread.

Happy pipping!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 13 KB
  • #972
  • May 29, 2008 2:04pm May 29, 2008 2:04pm
Ok... one more... lol... I off to try and play some footy.

Wow... where is this one going... I am waiting and getting ready to board this train for definate! a couple of spinning tops, top line is resistence on daily highs, doing LH, quick peep... at the current price... there is some resistence... so either way, this is looking like a good setup to go long or short.

Though weekly is showing bullish, so wait and see.
Attached Image (click to enlarge)
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  • #973
  • May 29, 2008 2:58pm May 29, 2008 2:58pm
Quoting peaches
Hussin, thank you very much for guiding me through the daily candels !

I have increased my account for 5 % in one week (well its thursday by now).

I could have made better, if i have wait confirmation-candels developing (took trades to early), only took a trade if there is a clear trend, avoid to take trades only by thinking "thats a good idea", maybe have more patience (go out of a trade to early). Still learning.
very good my friend
only i can say to you ,study study and practice
have a good trade for you
  • #974
  • May 29, 2008 3:02pm May 29, 2008 3:02pm
Quoting guess121
Wow... check out EU... nearly quids in, 200 pips... I didn't take this, I was riding GU... there is still some steam... though I think... I only had one lot and didn't want to risk it.

Though check out me chart that I posted the other day... excellent... stuff... though I think there will be a little retracement before the train carries on.

Check the 4H if anyone is interested...
wait for daily close
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #975
  • May 29, 2008 3:07pm May 29, 2008 3:07pm
Quoting guess121
Check out GU... I took my TP at the trendline going up...

Ok I am bored.... watching Eastenders... lol... I know... Thought I keep this thread going... love it... no more indicators, just follow the train.

Guys remember, there will be losses... cut them and wait for the new entry, don't go chasing the losses... good MM and you will be alright... look at FF and there will be loads on MM or check OzFX thread.

Happy pipping!
agree with sell GBPUSD
  • #976
  • May 29, 2008 3:48pm May 29, 2008 3:48pm
Hi guys!
CJ sell signal: sell stop @ 100.35 TP 99.80
Regards
Attached Image (click to enlarge)
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  • #977
  • May 29, 2008 3:50pm May 29, 2008 3:50pm
Quoting metatsock
Hi guys!
CJ sell signal: sell stop @ 100.35 TP 99.80
Regards
thanks dear meta for sjgnals
  • #978
  • May 29, 2008 5:41pm May 29, 2008 5:41pm
meta...

sell stop @ 100.35

lol



101.35 you mean? I've gone 101.40 and a little cautious than you, TP 100.00.

Quoting metatsock
Hi guys!
CJ sell signal: sell stop @ 100.35 TP 99.80
Regards
  • #979
  • May 29, 2008 5:47pm May 29, 2008 5:47pm
my feeling says eurusd has to retrace a bit, I would only short this pair on friday if trendline is broken. btw. nice bearish engulfing forming at the weekly.
also I m out for usdchf, same reasons.

we have a doji at aud/jpy and eur/jpy and chf/jpy a day ago. So indicision in the markt. I sell, when confirmation is forming during london or new york.

currently running trades: sell for eur/gbp, nzd/usd, aud/usd, aud/nzd, gbp/usd.

i´m out for gold, this big drop scares me, no real retrace. Oh, and dow jones touched 12700 on my charts, look back in past, what happend last times...

Have a nice day/night.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 16 KB
  • #980
  • May 29, 2008 5:56pm May 29, 2008 5:56pm
peaches... excellent analysis!

keep up the good work!

GU - It might be me... but I see some support, if I had a free trade running, I would have let it run, but those long wicks don't make me feel too good... though the good thing is they are creating LL and LH which, as I say, I had a free trade, I would let it run. Ohh had a quick snip at the weekly and if you look at the history and where the price is, this is where there is a S/R area.

No more indicators... I am free!



Good luck!

Quoting peaches
my feeling says eurusd has to retrace a bit, I would only short this pair on friday if trendline is broken. btw. nice bearish engulfing forming at the weekly.
also I m out for usdchf, same reasons.

we have a doji at aud/jpy and eur/jpy and chf/jpy a day ago. So indicision in the markt. I sell, when confirmation is forming during london or new york.

currently running trades: sell for eur/gbp, nzd/usd, aud/usd, aud/nzd, gbp/usd.

i´m out for gold, this big drop scares me, no real retrace. Oh, and dow jones touched 12700 on my charts, look back in past, what happend last times...

Have a nice day/night.
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