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Daily candle chart

  • #1,361
  • Jul 21, 2008 3:38pm Jul 21, 2008 3:38pm
Quoting peaches
Hi dear hussin,

my candle look totaly different from yours:

today (the red one) is a hanging man, the day before I can not count on,
its the weekend candle, and last fridays candle, it was a hanging man too
(the green candle).

strange, maybe it has something to do with my or your broker.
yes maybe
  • #1,362
  • Jul 21, 2008 8:22pm Jul 21, 2008 8:22pm
now after high wave that have changed to red candlestick .this observation shows to us a kabuse pattern .
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  • #1,363
  • Jul 22, 2008 12:39am Jul 22, 2008 12:39am
Hi Hussin
Just like to say thanks for taking the time to educate us
Would I be right in saying this is a retrace set up too?
Thanks in advance
Tone




Quoting hussin naiji
in the daily candle chart below we see a bullish engulfing pattern .maybe maybe we will see in 1.0210 or 1.0230 but then we will see a fall for USDCHF.
really this pattern is a retracement no a reversal
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,364
  • Jul 22, 2008 5:04pm Jul 22, 2008 5:04pm
Quoting Bones
Hi Hussin
Just like to say thanks for taking the time to educate us
Would I be right in saying this is a retrace set up too?
Thanks in advance
Tone
maybe Bones
  • #1,365
  • Jul 22, 2008 5:09pm Jul 22, 2008 5:09pm
Quoting hussin naiji
maybe Bones

Thank you Hussin. Wow! Much Graceful!

More, more please.

Forex Star.
  • #1,366
  • Jul 22, 2008 5:15pm Jul 22, 2008 5:15pm
Quoting Forex Star
Thank you Hussin. Wow! Much Graceful!

More, more please.

Forex Star.
ok
forex star
  • #1,367
  • Jul 22, 2008 5:40pm Jul 22, 2008 5:40pm
in the daily candle chart EURUSD & AUDUSD & GBPUSD ,we wee a bearish engulfing pattern
wait for confirmation
  • #1,368
  • Jul 22, 2008 5:42pm Jul 22, 2008 5:42pm
Quoting hussin naiji
in the daily candle chart EURUSD & AUDUSD & GBPUSD ,we wee a bearish engulfing pattern
wait for confirmation
but i think we will see EURUSD on 1.54xx or 1.55xx
  • #1,369
  • Jul 23, 2008 1:35pm Jul 23, 2008 1:35pm
on daily aud/jpy chart we see today a bearish engulfing pattern.

a bearish engulfing pattern is a pattern, where a larger body of a bearish candle "embraces" a smaller bullish body of the candle before. What adds more weight to it, that it appears at the end of an uptrend.

please see http://www.candlesticker.com/Cs44.asp for further explanation.
Attached Image (click to enlarge)
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  • #1,370
  • Jul 23, 2008 1:46pm Jul 23, 2008 1:46pm
the twin sister of the bearish engulfing is the bullish engulfing pattern.

We see it on eur/aud today. Pros and cons:

- sideway market since 6 weeks
- last weeks weekly candle was a bearish engulfing pattern,
so a bullish trade its against the weekly pattern.

+ todays candle has broken a resistance zone up imho
+ price is on the swing low of the channel

So this is a bit mixed, but it is a bullish engulfing candle.
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  • #1,371
  • Jul 23, 2008 1:59pm Jul 23, 2008 1:59pm
after a doji yesterday we see today a spinning top, which is a neutral
pattern and needs a bit of a confirmation.

whats good for a reversal is, last week weekly candle,
was a long legged doji too.
Attached Image (click to enlarge)
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  • #1,372
  • Jul 23, 2008 3:36pm Jul 23, 2008 3:36pm
Quoting peaches
on daily aud/jpy chart we see today a bearish engulfing pattern.

a bearish engulfing pattern is a pattern, where a larger body of a bearish candle "embraces" a smaller bullish body of the candle before. What adds more weight to it, that it appears at the end of an uptrend.

please see http://www.candlesticker.com/Cs44.asp for further explanation.
hi peaches
maybe 102.40
  • #1,373
  • Edited 5:28pm Jul 23, 2008 3:38pm | Edited 5:28pm
Quoting peaches
after a doji yesterday we see today a spinning top, which is a neutral
pattern and needs a bit of a confirmation.

whats good for a reversal is, last week weekly candle,
was a long legged doji too.
yes EJ is ready for free fall
Attached Image (click to enlarge)
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  • #1,374
  • Jul 23, 2008 5:32pm Jul 23, 2008 5:32pm
for USDCHF maybe will see a harami pattern or a kabuse pattern and or even a spinning top .
let see
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  • #1,375
  • Jul 23, 2008 5:36pm Jul 23, 2008 5:36pm
Quoting hussin naiji
in the daily candle chart EURUSD & AUDUSD & GBPUSD ,we wee a bearish engulfing pattern
wait for confirmation
after form breaish engulfing in AUDUSD previous day , we see a fall (120 pips) .
Attached Image (click to enlarge)
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  • #1,376
  • Jul 23, 2008 5:39pm Jul 23, 2008 5:39pm
Quoting hussin naiji
in the daily candle chart EURUSD & AUDUSD & GBPUSD ,we wee a bearish engulfing pattern
wait for confirmation
also for EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 19 KB
  • #1,377
  • Jul 23, 2008 5:54pm Jul 23, 2008 5:54pm
Quoting hussin naiji
also for EURUSD
so how far do you see this posibly dropping kind sir?

how have you been ??
Don't chase the market, Let the market come to you
  • #1,378
  • Jul 23, 2008 6:41pm Jul 23, 2008 6:41pm
Hi guys,
I'm new here and I found out that this thread quite useful in understanding the market pattern based on candlestick. Keep up the goodwork!
  • #1,379
  • Jul 23, 2008 10:22pm Jul 23, 2008 10:22pm
Quoting sthanh
Hi guys,
I'm new here and I found out that this thread quite useful in understanding the market pattern based on candlestick. Keep up the goodwork!


Thank you. Beside candlestick, it is most importend to wait the candle
close of the timeframe you are trading. Donīt think "it will be going this way", thats impossible. There is a patten as a result of the past, that is the signal. But donīt try to forecast the future by wishfull thinking "It might go this way". So, iīll only enter a trade, when the candle is already closed.

Example: There was a pattern yesterday for aud/nzd daily. 1 minute before the daily candle close, the pattern was gone, because of the result of the rate decision for nzd in the last minute of the daily candle.

So, wait for daily close, if you trade daily. There is no hurry in trading
  • #1,380
  • Jul 23, 2008 10:25pm Jul 23, 2008 10:25pm
Quoting hussin naiji
hi peaches
maybe 102.40
hi hussin, yes maybe. 102 is ichimoku-cloud, lets see.

bah, g/j is a rubbish, didnīt expected that, but this is forex.
Give a little, take a little.
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