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Daily candle chart

  • #1,021
  • Jun 1, 2008 6:53am Jun 1, 2008 6:53am
Quoting hussin naiji
HI PIPFOX
i see EJ below 160.00
of course if you see h4
you must see a trend line for EJ
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  • #1,022
  • Jun 1, 2008 6:57am Jun 1, 2008 6:57am
but weekly gbpusd
  • #1,023
  • Jun 1, 2008 6:58am Jun 1, 2008 6:58am
Hussin,

Please take a look at E/A. Bullish engulfing pattern. Oversold Stochs also.

Regards
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The customer is always right!
  • #1,024
  • Jun 1, 2008 7:01am Jun 1, 2008 7:01am
the history is best teacher
im waiting for forming a bearish advance block in the next week
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  • #1,025
  • Jun 1, 2008 7:10am Jun 1, 2008 7:10am
Quoting Pipfox
Hussin,

Please take a look at E/A. Bullish engulfing pattern. Oversold Stochs also.

Regards
agree with you
pipfox
i love this pair because i have good memoirs from this pair.
only a daily close above 1.6340 then with close of eyes long long
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  • #1,026
  • Jun 1, 2008 7:11am Jun 1, 2008 7:11am
winner card is sell AUDNZD in the next week
  • #1,027
  • Jun 1, 2008 7:12am Jun 1, 2008 7:12am
Thank you Hussin, enjoy the rest of your day. I will be back for the open later on.
The customer is always right!
  • #1,028
  • Jun 1, 2008 7:15am Jun 1, 2008 7:15am
Quoting Pipfox
Thank you Hussin, enjoy the rest of your day. I will be back for the open later on.
i have a nice time for all
  • #1,029
  • Jun 1, 2008 7:29am Jun 1, 2008 7:29am
Quoting hussin naiji
in the monthly candle chart below we see that gbpusd is palying in a axis with 80 pips.if we attention to lower wicks these candles , we can see pressure of sellers.this observation shows to us that the bears are able to take prices down to new lows .i think that candle of previous month isnot a hammer
ATTENTION :THIS ANALYSIS IS MONTHLY
How about weekly and daily?
  • #1,030
  • Jun 1, 2008 8:13am Jun 1, 2008 8:13am
Dear All..

This might sound like a stupid question, but if i dont ask, i would never know??

I have heard that any trading system you sue looses its edge with time or when market condition changes or when lots of people start using the same system??

If the above statment is true then shouldnt it also applied to the candle stick (like doji, shooting star, morning star,or engulfing )pattern which are high reliability patterns or like pin bar in bar charts.

Would the candle sticks will loose their reliability if market changes?

OR

Is it possible that in future the forex market (i dont know the correct word), changes so much that these candle pattern does not hold any importance??


regds

zamir
Thanks and Regards Zamir M Iqbal
  • #1,031
  • Jun 1, 2008 9:21am Jun 1, 2008 9:21am
Zamir,

If you read around the subject of candlesticks you will realise that they have been used, successfully, for trading for many hundreds of years. They have survived many changes in the markets and are still used as a successful means of trading.

Do you really believe that something so old, sturdy and longlasting would turn out to be unsuccessful. Sure, not every pattern will play out to be successful but we are playing an odds game. Candles move the odds on our side. when you use them with support and resistance and pivot points then become even more probable and dependable.

I hope this helps.

Regards
The customer is always right!
  • #1,032
  • Jun 1, 2008 9:27am Jun 1, 2008 9:27am
Quoting zamiriqbal
Dear All..

This might sound like a stupid question, but if i dont ask, i would never know??

I have heard that any trading system you sue looses its edge with time or when market condition changes or when lots of people start using the same system??

If the above statment is true then shouldnt it also applied to the candle stick (like doji, shooting star, morning star,or engulfing )pattern which are high reliability patterns or like pin bar in bar charts.

Would the candle sticks will loose their reliability if market changes?

OR

Is it possible that in future the forex market (i dont know the correct word), changes so much that these candle pattern does not hold any importance??


regds

zamir

zamiriqbal.

Candle & bar analysis will always be relevant as all it seeks to due is show the OHLC (Open,High,Low & Close) of any given period.

How you seek to interpret the information might in due course change.

Regards,

BabeFX
  • #1,033
  • Jun 1, 2008 11:28am Jun 1, 2008 11:28am
Quoting zamiriqbal
Dear All..

This might sound like a stupid question, but if i dont ask, i would never know??

I have heard that any trading system you sue looses its edge with time or when market condition changes or when lots of people start using the same system??

If the above statment is true then shouldnt it also applied to the candle stick (like doji, shooting star, morning star,or engulfing )pattern which are high reliability patterns or like pin bar in bar charts.

Would the candle sticks will loose their reliability if market changes?

OR

Is it possible that in future the forex market (i dont know the correct word), changes so much that these candle pattern does not hold any importance??


regds

zamir
and this is really not a true statement IF the system is a good one, it is however a good excuse for those systems that fail over time.

take any system and give it to 2 traders and get completely diferent results, its not the system nor how many use it, it is the trader and how he or she uses what they have.
Don't chase the market, Let the market come to you
  • #1,034
  • Jun 1, 2008 12:55pm Jun 1, 2008 12:55pm
Quoting metatsock
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!
Hi meta, still holding your short eur/chf ? I closed mine after touch of ema 150 and re-entry short at the top of last candle. So far so good.

What worrys me is the correlation with usd/chf. Chart attached. Usd/chf might go down a little bit, but it is expected to jump to new highs (1,10 maybe). So because of the correlation with these 2 pairs, there has to be a strong upward movement in eur/chf. Any thoughts ?
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  • #1,035
  • Jun 1, 2008 1:01pm Jun 1, 2008 1:01pm
I spy, with my little I....

Tonight/Tommorrow is the first day of the second half of the tradeing year.
Great expectations for price-movements this week/next week. Have a lot of fun...
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  • #1,036
  • Jun 1, 2008 1:13pm Jun 1, 2008 1:13pm
dear BT
the history is best teacher
im waiting for forming a bearish advance block in the next week
  • #1,037
  • Jun 1, 2008 1:14pm Jun 1, 2008 1:14pm
Quoting peaches
I spy, with my little I....

Tonight/Tommorrow is the first day of the second half of the tradeing year.
Great expectations for price-movements this week/next week. Have a lot of fun...
thanks peaches
go on
best regards
hussin
  • #1,038
  • Jun 1, 2008 1:17pm Jun 1, 2008 1:17pm
Quoting hussin naiji
thanks peaches
go on
best regards
hussin
but weekly audnzd ?
Attached Image
  • #1,039
  • Jun 1, 2008 2:17pm Jun 1, 2008 2:17pm
Ok guys...

I am back home know, at my PC...



So as promised... here are some links that a very good at Candle Stick Patterns.

http://www.candlesticker.com/
http://www.candlestickchart.com/glossary.html

Regards,
Guess
  • #1,040
  • Jun 1, 2008 2:36pm Jun 1, 2008 2:36pm
Quoting hussin naiji
but weekly audnzd ?
i forgot , its black doji. to many currencys.

stochastics is on high level and pointing down. nice trade.

oooh, what a opening for the jen-pairs with oanda.
I realy like to know, if this bearish cycle will form lower lows,
then the last one. Time will tell.
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