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Daily candle chart

  • #1,101
  • Jun 4, 2008 12:37pm Jun 4, 2008 12:37pm
thank you hussin, i violated my own trading rules for opend a third trade audjpy short a few hours ago. a major correction for this one is a must.

attention hussin, you will NEVER get eur/usd and usd/jpy short at the same time. expecting a point "C" correction (to speak in elliot wave terms) for eur/usd. The correction has to below last low (1,5284 on my chart). So usdjpy have to go up. oh, also shot gold/usd, target 850.

lets see...and have patience :-)
  • #1,102
  • Jun 4, 2008 12:49pm Jun 4, 2008 12:49pm
Quoting peaches
we have a bearish engulfing for aud/usd ! I have had many doubts, that this one is turning, but a doji and today a bearish engulfing as confirmation this one has to go down. I still have doubts, that 95 might be broken, maybe a sell limit at 94,80 might be a good idea...
well, my doubts were right... ;-) sell limit 94,80 filled, stop loss hit above 96,00 (days before high)...i know, i know, i know.... from 96,00 this one will drop like stone... :-(

I wait until i have a major reversel pattern. By now, we have a bullish engulfing for aud/usd on weekly (2 day left till close of the week).
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 190 KB
  • #1,103
  • Jun 4, 2008 12:59pm Jun 4, 2008 12:59pm
Quoting hussin naiji
i see sell
drive carefully !

If there is a drop expected for eur/usd the pair usd/chf has to go up !
From candlestick pattern and trendline you right....

But both pairs move in the opposite way, see chart.
See also: http://www.mataf.net/en/forex/tradin...elation/table/
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_usdchf.gif Size: 24 KB
  • #1,104
  • Jun 4, 2008 2:09pm Jun 4, 2008 2:09pm
AJ - sell... you sure?

Quoting hussin naiji
this time is nice for sell AJ
  • #1,105
  • Jun 4, 2008 3:00pm Jun 4, 2008 3:00pm
Quoting guess121
AJ - sell... you sure?
no confirmation from weekly or daily candle in my view , BUT it`s x/yen pair.

weekly dow jowns by now have bearish engulfing
(Problem: weekly not closed, see chart). From viewpoint today, i would say, there is another (second) bearish next week...

also stochastics aud/jpy daily is 86. Thats to hot, this has to calm down :-)

hussin, your opinion, please ?
Attached Image (click to enlarge)
Click to Enlarge Name: dow_weekly.gif Size: 17 KB
  • #1,106
  • Jun 5, 2008 11:06am Jun 5, 2008 11:06am
Ok I ball'sd up a trade lastnight... I didn't take it... don't you hate when you let emotion take over when in fear of loss... grrr...

Ok there are few setups tonight, if they hold out for a few more hours, I will post them when I get home.

Regards,
Guess
  • #1,107
  • Jun 5, 2008 2:46pm Jun 5, 2008 2:46pm
Quoting guess121
Ok I ball'sd up a trade lastnight... I didn't take it... don't you hate when you let emotion take over when in fear of loss... grrr...

Ok there are few setups tonight, if they hold out for a few more hours, I will post them when I get home.

Regards,
Guess

Guess,

Yes the old "Fear Greed Syndrone" it can really get to you.


Regards,

BabeFX.


Holy Grail. Want what the market wants.
  • #1,108
  • Jun 5, 2008 2:53pm Jun 5, 2008 2:53pm
Hi All,

after learning a little about trendlines and candles (thanks hussin) i will analyze now the NZD/USD:

On 3.6 the bulls raised the price to the upper trendline, from there the bears took over and formed a bearish engulfing pattern, the day after that, there was a spinning top, this with the bearish engulfing builded a three outside down.
The three outside down was confirmed next day as there was a gap between the close of the spinning top and the open of the next candle, which was
a news driven black opening marubozu and moved fast down until the bears took their profits, therefore the long lower wick and hence its not a perfect marubozu.
since the long black candle is a single candlestickpattern, we need confirmation next day if the downtrend continues or not.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD20080605.png Size: 16 KB
Invincibility lies in the defence, the possibility of victory in the attack
  • #1,109
  • Jun 6, 2008 2:50am Jun 6, 2008 2:50am
Quoting guess121
AJ - sell... you sure?
hi guess
i think we will see a fall for AJ yes for AJ
  • #1,110
  • Jun 6, 2008 2:53am Jun 6, 2008 2:53am
Quoting silverheat
Hi All,

after learning a little about trendlines and candles (thanks hussin) i will analyze now the NZD/USD:

On 3.6 the bulls raised the price to the upper trendline, from there the bears took over and formed a bearish engulfing pattern, the day after that, there was a spinning top, this with the bearish engulfing builded a three outside down.
The three outside down was confirmed next day as there was a gap between the close of the spinning top and the open of the next candle, which was
a news driven black opening marubozu and moved fast down until the bears took their profits, therefore the long lower wick and hence its not a perfect marubozu.
since the long black candle is a single candlestickpattern, we need confirmation next day if the downtrend continues or not.
YES
agree with 0.7560 or 0.7600
  • #1,111
  • Jun 6, 2008 3:04am Jun 6, 2008 3:04am
maybe .....
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 12 KB
  • #1,112
  • Jun 6, 2008 3:17am Jun 6, 2008 3:17am
Candlestick Forecast for 6 June 2008

Based on Daily Candlestick on 5 June (Thursday)

1. USDCHF
- Engulfing Bearish Line: Aggressive Sell Signal
- Doji & Shooting Star: Possible Reversal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- White Doji star Reversal: possible top

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
---Bullish Harami Line: Wait for next signal.



2. USDJPY
- Piercing Line contribution: Bullish continuation

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- White lower shadow
-- Confluence Sign: Bearish Signal in nature

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Incomplete Dark Cloud Continuation: indicating down trend


3. EURUSD
- White Inside Out Up: Buy Signal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Black Spinning Top: Neutral
-- Stochastic Oscillator oversold

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Incomplete Dark Cloud Cover: Market overbought: Stochastic is below 40, look to cover short position when stochastic is below 20.




4. GBPUSD
- Bullish Harami Line: Look for Reversal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Bearish Trending : Sell signal

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Black inverted hammer


5. GBPJPY
- Engulfing Bullish Candle: Buy signal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Long legged Black Doji Line: possible reversal
-- Incomplete Dark Cloud Cover: Bearish in nature but need confirmation. Might well to ignore it.

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Bearish Hangman continuation: Indicate a bearish trend
  • #1,113
  • Jun 6, 2008 3:38am Jun 6, 2008 3:38am
Quoting eneloop
Candlestick Forecast for 6 June 2008

Based on Daily Candlestick on 5 June (Thursday)

1. USDCHF
- Engulfing Bearish Line: Aggressive Sell Signal
- Doji & Shooting Star: Possible Reversal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- White Doji star Reversal: possible top

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
---Bullish Harami Line: Wait for next signal.



2. USDJPY
- Piercing Line contribution: Bullish continuation

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- White lower shadow
-- Confluence Sign: Bearish Signal in nature

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Incomplete Dark Cloud Continuation: indicating down trend


3. EURUSD
- White Inside Out Up: Buy Signal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Black Spinning Top: Neutral
-- Stochastic Oscillator oversold

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Incomplete Dark Cloud Cover: Market overbought: Stochastic is below 40, look to cover short position when stochastic is below 20.




4. GBPUSD
- Bullish Harami Line: Look for Reversal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Bearish Trending : Sell signal

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Black inverted hammer


5. GBPJPY
- Engulfing Bullish Candle: Buy signal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Long legged Black Doji Line: possible reversal
-- Incomplete Dark Cloud Cover: Bearish in nature but need confirmation. Might well to ignore it.

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Bearish Hangman continuation: Indicate a bearish trend
very good
  • #1,114
  • Jun 6, 2008 3:38am Jun 6, 2008 3:38am
audusd is free fall
  • #1,115
  • Jun 6, 2008 5:23am Jun 6, 2008 5:23am
we have had a trend for 6 days which is weakening on usd/cad,
we have stochastics near 80 and we will have bad usd news, and we will have good cad news.... so what might be the direction for this pair ?

This one has fooled me so much, i should wait for candelstick-pattern, a hanging man on monday, and a bearish crow on tuesday....
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 15 KB
  • #1,116
  • Jun 6, 2008 5:26am Jun 6, 2008 5:26am
gold-rally just starting, and i am in... :-)
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 16 KB
  • #1,117
  • Jun 6, 2008 5:42am Jun 6, 2008 5:42am
i donīt trade exotics, because of the awefull spread, but this one seems nice: eur/nok, which i think nok is the norwegiane krone. I donīt know much of norway, it has a beautyfull landscape, nearly 8 mio. people, but much more oil.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnok.gif Size: 19 KB
  • #1,118
  • Jun 7, 2008 3:28am Jun 7, 2008 3:28am
UJ 12H....seems a good bearish pattern....
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 174 KB
  • #1,119
  • Jun 7, 2008 4:34am Jun 7, 2008 4:34am
Quoting metatsock
UJ 12H....seems a good bearish pattern....
Regards
thanks meta for signal
agree with you
  • #1,120
  • Jun 7, 2008 4:38am Jun 7, 2008 4:38am
in the daily candle chart below we see a bearish engulfing pattern.this observation shows to us specially ,absence of lower wick (red closing Marubozu) is signal strong selling pressure in the fx market.
i see a break in daily trend line USDYEN and then below 101.70
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 18 KB
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