Daily candle chart | Page 63 | 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

  • #1,241
  • Jun 26, 2008 12:24pm Jun 26, 2008 12:24pm
you also have a vxn for the nasdaq 100 and the vxd for the dow jones industrial average, peaches was absolutely correct in his description of it, I believe it represents insurance against these averages

http://www.investopedia.com/terms/v/vix.asp
  • #1,242
  • Jun 26, 2008 3:57pm Jun 26, 2008 3:57pm
Quoting Ehi
I love using the candle stick, but sometimes weekend trading and the news could lead you astray by letting you misinterprete a candle.

Can someone advise me on the best mode of entry and exit.

Is there any filter used for this e.g MA,Stoics,RSI etc.

thanks
I would pray that hussin is coming back at weekend, because i really would like to see his targets. I read somewhere, that candlesticks are not able for definition targets.

Some Pro only use candlestick pattern i think, but as a newbie I use
trend, trendline, stochachstics crossing, MACD and fibo levels for confirmation of pattern.

Attached is a (not perfect) three bearish crows for usd/chf.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 20 KB
  • #1,243
  • Jun 27, 2008 8:49am Jun 27, 2008 8:49am
the weekend is insight, and will give us a lot of opportunity to analyze
the weekly candles. For the yen crosses there will be some very
importent mayor reversal patterns.

Have fun
  • #1,244
  • Jun 27, 2008 9:15am Jun 27, 2008 9:15am
thanks for the explaination,peaches. Very useful information, a newbie like me If this a start of short for ej,does that mean it will pass 166.50,165.27-30 n 164.19 smtime?? im trying to learn how to draw fibo line on H4 n daily.whats ur opinion?
  • #1,245
  • Jun 27, 2008 11:34am Jun 27, 2008 11:34am
thanks my dear bro
  • #1,246
  • Jun 27, 2008 11:43am Jun 27, 2008 11:43am
Quoting timetrader
thanks for the explaination,peaches. Very useful information, a newbie like me If this a start of short for ej,does that mean it will pass 166.50,165.27-30 n 164.19 smtime?? im trying to learn how to draw fibo line on H4 n daily.whats ur opinion?
welcome back dear hussin !

timetrader, i will do some analyses on weekend, hussin might agree, we have a good bearish reversal candle on the weekly, so we will see the prices you mentioned, but give it a little time forex is not the business to get rich quickly.

Mr. trichet is speaking today, so euro might rally up a bit, but on daily timeframe it does not matter.

fibo lines are drawn in an uptrend from the lowest low-price to the highest high, and in downtrend upsidedown/vice verca.
  • #1,247
  • Jun 28, 2008 11:18am Jun 28, 2008 11:18am
Quoting peaches

"The Treasury said this week it will auction $20 billion of five-year notes on
June 26, the biggest offering of that security since February 2003, when the government sold $24 billion of the debt. It will sell $30 billion of two-year notes on June 24, the same amount as its last offering on May 28",

Regards
regarding bonds i found this article, maybe it will provide some insight.

http://www.moneyandmarkets.com/Issue...erEntryId=1836
Invincibility lies in the defence, the possibility of victory in the attack
  • #1,248
  • Jun 29, 2008 12:21pm Jun 29, 2008 12:21pm
Quoting silverheat
regarding bonds i found this article, maybe it will provide some insight.

http://www.moneyandmarkets.com/Issue...erEntryId=1836
thank you for the article, very interesting. It seems there is money shiftet
from one place to another...

I had a look at the very nice monthly bearish candle of dow jones.
And I also draw 2 longterm resitance lines for the dow jones.

Well, its VERY longterm...

And I red some articles on bloomberg...http://www.bloomberg.com/apps/news?p...JRo&refer=home
and i think the term "sluggish" world economy is the wrong word.
Attached Image (click to enlarge)
Click to Enlarge Name: dji_longterm.gif Size: 87 KB
  • #1,249
  • Jun 29, 2008 1:18pm Jun 29, 2008 1:18pm
Quoting peaches
thank you for the article, very interesting. It seems there is money shiftet
from one place to another...

I had a look at the very nice monthly bearish candle of dow jones.
And I also draw 2 longterm resitance lines for the dow jones.

Well, its VERY longterm...

And I red some articles on bloomberg...http://www.bloomberg.com/apps/news?p...JRo&refer=home
and i think the term "sluggish" world economy is the wrong word.
Hi Peaches,

regarding the article, wouldnt it then mean if bond-yields raise due to bond selling, that the fed will hike rates, and therefore the carry trade would not start to unwind? or is the falling of the djia good enough to indicate a carry trade unwind?

but why should money, if it leaves the stockmarket, move back in the yen? why shouldnt it move into commodities instead?
Invincibility lies in the defence, the possibility of victory in the attack
  • #1,250
  • Jun 30, 2008 3:37am Jun 30, 2008 3:37am
hi all
  • #1,251
  • Jun 30, 2008 5:40am Jun 30, 2008 5:40am
real bodies are battlefield between bear camp and bull camp
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 15 KB
  • #1,252
  • Jun 30, 2008 10:12am Jun 30, 2008 10:12am
start again sell GJ
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 13 KB
  • #1,253
  • Jun 30, 2008 10:45am Jun 30, 2008 10:45am
BT
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 18 KB
  • #1,254
  • Jun 30, 2008 2:58pm Jun 30, 2008 2:58pm
Quoting hussin naiji
BT
hello hussin, i also think bearish trend on gbp/chf, but isnīt it
a bullish hammer? very unsure about this trade.
  • #1,255
  • Jul 1, 2008 11:09am Jul 1, 2008 11:09am
Quoting hussin naiji
http://www.forex-book.org/japanese-c...free-download/
http://www.forex-book.org/candlestic...free-download/
http://www.forex-book.org/the-candle...free-download/
http://www.forex-book.org/profitable...free-download/

Hai Hussin, do you have password to open the file?


---- sorry found it. http://www.forex-book.org
  • #1,256
  • Jul 1, 2008 2:16pm Jul 1, 2008 2:16pm
its on the website on the lower part of the screen (donīt scroll).
just below the link:

"Download Profitable Candlestick Trading by Stephen W. Bigalow."
  • #1,257
  • Jul 1, 2008 2:32pm Jul 1, 2008 2:32pm
I like to give you an example, from which I learned.

A doji after an uptrend is a signal, for indicision in the market. So, i have learned to wait for a confirmation candle that trend has changed.
I went into to short trade during nearly finished the confirmation candle,
and what happend ? We see 2 bullish candles, which went heavily against me.

So i learned: A doji after a trend is a good sign, but this doesnīt prevent
the price to go even higher as the body of the doji. Sometimes a doji
appears in the middle of a trend, what you donīt know,
because time hasnīt developed for continuation of the trend.

so itīs very difficult to decide where price might going. A doji after a trend is a good pattern, but take care, price might go even higher.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 19 KB
  • #1,258
  • Jul 2, 2008 12:25am Jul 2, 2008 12:25am
another example:

indicision in the market does not mean, price will reverse. It is able to go lower in this case.

last candle in the chart just starts developing.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 15 KB
  • #1,259
  • Jul 2, 2008 6:19pm Jul 2, 2008 6:19pm
Quoting peaches
another example:

indicision in the market does not mean, price will reverse. It is able to go lower in this case.

last candle in the chart just starts developing.
agree with u
  • #1,260
  • Jul 2, 2008 6:21pm Jul 2, 2008 6:21pm
attention to upper wick of shooting star
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 16 KB
3 traders viewing now