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Daily candle chart

  • #1,381
  • Jul 24, 2008 7:37am Jul 24, 2008 7:37am
Quoting Tmac
so how far do you see this posibly dropping kind sir?

how have you been ??
hi Tmac
im waiting a confirmation
but now (this hour)i see a morning star pattern
attention in this hour
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 19 KB
  • #1,382
  • Jul 24, 2008 7:43am Jul 24, 2008 7:43am
Quoting hussin naiji
hi Tmac
im waiting a confirmation
but now (this hour)i see a morning star pattern
attention in this hour
yes, yes

But wait, donīt judge a candle until its daily close
  • #1,383
  • Jul 24, 2008 8:28am Jul 24, 2008 8:28am
Quoting peaches
yes, yes

But wait, donīt judge a candle until its daily close
i see below .7340 NZDUSD.
  • #1,384
  • Jul 24, 2008 10:03am Jul 24, 2008 10:03am
Quoting peaches


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
Sometime you plan ahead in anticipation of the closing candle and when it close, all your plans go to waste. I'm still to fight my emotion and spontaneous entering trades. Trading is not easy as placing an order!
  • #1,385
  • Jul 24, 2008 12:51pm Jul 24, 2008 12:51pm
Quoting sthanh
Sometime you plan ahead in anticipation of the closing candle and when it close, all your plans go to waste. I'm still to fight my emotion and spontaneous entering trades. Trading is not easy as placing an order!

yes, thats it.

I`am very excited, there are very very interesting candles developing,
much much much money ahead...

1 h to go....if price would please range for 1 hour.
  • #1,386
  • Jul 24, 2008 1:04pm Jul 24, 2008 1:04pm
Please add your comments on which markets you are looking at. Also, do you trade when the market open or wait for retracement on lower timeframe?

Quoting peaches
yes, thats it.

I`am very excited, there are very very interesting candles developing,
much much much money ahead...

1 h to go....if price would please range for 1 hour.
  • #1,387
  • Jul 24, 2008 1:22pm Jul 24, 2008 1:22pm
eur/usd and aud/usd and eur/cad

On daily chart we see a bullish hammer.
A hammer has low reliabilty for itself,
BUT what adds weight to it, it appears
above a support zone, and above the ichimoku
cloud (which is resistance).

For targets please read and drop on the floor:

http://www.dailyfx.com/story/dailyfx...905332114.html

We see the same configuration on this 3 pairs and have
also trendlines as a resistance.

I have to go to bed at the beginnig of asia session,
because its very late here.

You might get a better entry, if you wait for fibo retrace,
or you miss the entry because there is no retrace. Itīs your
decision.

So Iīll enter, and go to bed. SL below last (todays)
candles low (10 Pips below the wick maybe).

I donīt take eur/cad, because the lower wick is not long enough imho.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusd.gif Size: 20 KB
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  • #1,388
  • Jul 24, 2008 1:34pm Jul 24, 2008 1:34pm
usd/jpy and gbp/jpy and eur/chf and cad/jpy

This crosses show an bearish engulfing candle.
An bearish engulfing candle has medium reliability,
but from my experiance it has a high reliability.

please read: http://www.candlesticker.com/Cs44.asp

This candle appear at the end of a trend. If it appears
at the end of the trend there will be one bearish candle
minimum more (one more then todays candle).
This is a must from my experiance.

There might be retraces in the next hours,
but have a look for jpy-news tonight, might be jpy good.

SL above the last candles high.

happy trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 18 KB
Click to Enlarge Name: usdjpy.gif Size: 19 KB
Click to Enlarge Name: eurchf.gif Size: 18 KB
Click to Enlarge Name: cadjpy.gif Size: 17 KB
  • #1,389
  • Jul 24, 2008 1:46pm Jul 24, 2008 1:46pm
usd/chf and usd/hkd

hkd is the honkong dollar, which most people
say its an exotic, but bloomberg says, its one of
the 8 worldwide importend currencys. But is has
a big spread, so think carefully if you like to trade
this one.

on usd/chf we have a spinning top, and
also on usd/hkd (about this iīam not so sure).

A spinning top is a neutral reversal candle, which needs
confirmation of the next days candle. But usd/chf has had
his swing high, so iīam optimistic.

For information about spinning top read please:

http://www.candlesticker.com/Cs03.asp

Teacher hussin might find and explain more patterns,
but this is, what I see for now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 17 KB
Click to Enlarge Name: usdhkd.gif Size: 17 KB
  • #1,390
  • Jul 24, 2008 2:04pm Jul 24, 2008 2:04pm
OK, my broker has had his daily close, all patterns mentioned
are valid imho, only usd/jpy has missed his bearish engulfing by a
few pips...

good night
  • #1,391
  • Jul 24, 2008 6:19pm Jul 24, 2008 6:19pm
Quoting peaches
OK, my broker has had his daily close, all patterns mentioned
are valid imho, only usd/jpy has missed his bearish engulfing by a
few pips...

good night
thanks for the update, I took the USD/JPY, there is a minor resistance level where the 107.98, two candles highs were at that level.
  • #1,392
  • Jul 24, 2008 8:13pm Jul 24, 2008 8:13pm
hi peaches
i see in daily candle chart USDCHF a bearish harami pattern
really USDCHF is ready for free fall
  • #1,393
  • Jul 24, 2008 8:14pm Jul 24, 2008 8:14pm
also i see below 1.97xx GBPUSD
  • #1,394
  • Jul 24, 2008 8:16pm Jul 24, 2008 8:16pm
Quoting peaches
eur/usd and aud/usd and eur/cad

On daily chart we see a bullish hammer.
A hammer has low reliabilty for itself,
BUT what adds weight to it, it appears
above a support zone, and above the ichimoku
cloud (which is resistance).

For targets please read and drop on the floor:

http://www.dailyfx.com/story/dailyfx...905332114.html

We see the same configuration on this 3 pairs and have
also trendlines as a resistance.

I have to go to bed at the beginnig of asia session,
because its very late here.

You might get a better entry, if you wait for fibo retrace,
or you miss the entry because there is no retrace. Itīs your
decision.

So Iīll enter, and go to bed. SL below last (todays)
candles low (10 Pips below the wick maybe).

I donīt take eur/cad, because the lower wick is not long enough imho.
maybe maybe we will see a morning star pattern for daily candle chart EURUSD. but need to a confirmation
Attached Image (click to enlarge)
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  • #1,395
  • Jul 24, 2008 8:28pm Jul 24, 2008 8:28pm
dear peaches for u
in daily candle chart GBPCHF we see a kabuse pattern now.
conditions is very good for fall
Attached Image (click to enlarge)
Click to Enlarge Name: 11.gif Size: 14 KB
  • #1,396
  • Jul 24, 2008 8:32pm Jul 24, 2008 8:32pm
for EJ maybe we will see repeat fall 2008.07.14 again
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  • #1,397
  • Jul 24, 2008 10:35pm Jul 24, 2008 10:35pm
Hi hussin,

I see ^vix and 10 years treasury behave like expected,
so all is going in the right direction

  • #1,398
  • Jul 25, 2008 3:46am Jul 25, 2008 3:46am
Hi guys! I'm back....i was busy for my work!
Regards
  • #1,399
  • Jul 25, 2008 4:58am Jul 25, 2008 4:58am
Quoting metatsock
Hi guys! I'm back....i was busy for my work!
Regards
I meta, good to have you hear. looking for your analyses
  • #1,400
  • Jul 25, 2008 5:03am Jul 25, 2008 5:03am
Hi husin,metastock can I get your review on candle for gbp/chf.
p/s; peaches can you post your analysis too on gbp chf thread?
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