also no chart from me, but as far as I remember, I`am bullish with this.
Just need patience.
like I said it try DR1 and news almost coming USD news tht will boost this pair usually.If without news I wait for triangle breakout
also no chart from me, but as far as I remember, I`am bullish with this.
Just need patience.
Peaches,
Your analysis was awesome I don't normally trade or go near the CHF but thanks to you im up 80 pips...
Think we will break 106 this week?
- #464
- Jul 30, 2008 11:01am Jul 30, 2008 11:01am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
thanks poweredbuyer, but I have no clue, how the future will be.
I can only read pattern.
at the moment price has gone through a resistance zone, and through ema150, BUT it stopped near a weekly 23.6 fibo level, which is a problem.
Iīll look at the chart again, after daily close.
I can only read pattern.
at the moment price has gone through a resistance zone, and through ema150, BUT it stopped near a weekly 23.6 fibo level, which is a problem.
Iīll look at the chart again, after daily close.
- #465
- Jul 30, 2008 12:15pm Jul 30, 2008 12:15pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #467
- Jul 30, 2008 1:06pm Jul 30, 2008 1:06pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
just reversed position.
4 hour pinbar leads to a daily doji.
tomorrow bearish. invalid setup if todays high break, but
stochastic is overbought.
Here is 4 hour .... solid up trend on 50 sma keltner channel
Still above that 2.0720 level.
2 hour has strong trendline on it .
I do not see the bearish scenario yet nor do I see confirmation of an impending breakout of 2.0780. However this may just be a consolidation phase before the continuation move up.
Blogging daily now at www.volume.zone
- #469
- Jul 30, 2008 2:08pm Jul 30, 2008 2:08pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
GBPAUD
The thing about gbpaud is that the spread is a little on the high side ( about 3 pips more than GC) ... but the moves are awesome.
Not sure what the spread might look like in Asian session ... but there have been some awesome moves in the asian session .. starting baout 16:00 pst
I am talking 80 - 200 pip moves that start in asian session.....very nice and worth paying the spread for
The thing about gbpaud is that the spread is a little on the high side ( about 3 pips more than GC) ... but the moves are awesome.
Not sure what the spread might look like in Asian session ... but there have been some awesome moves in the asian session .. starting baout 16:00 pst
I am talking 80 - 200 pip moves that start in asian session.....very nice and worth paying the spread for
Blogging daily now at www.volume.zone
- #471
- Jul 30, 2008 3:38pm Jul 30, 2008 3:38pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
todays daily usd/chf candle is a spinning top, which is a neutral candle
and needs confirmation in which way it llikes to go.
Based on overbougt stochastics on 4 h and daily timeframe,
and the not broken 23.6 weekly fibo level, it might go sideways
or down. a downmove is against the major uptrend, so it might
be limited.
usd/chf moves often oposite to gold.
For gold analyses please visit:
http://www.forexfactory.com/showpost...postcount=1443
happy trading all
and needs confirmation in which way it llikes to go.
Based on overbougt stochastics on 4 h and daily timeframe,
and the not broken 23.6 weekly fibo level, it might go sideways
or down. a downmove is against the major uptrend, so it might
be limited.
usd/chf moves often oposite to gold.
For gold analyses please visit:
http://www.forexfactory.com/showpost...postcount=1443
happy trading all
- #472
- Jul 30, 2008 3:41pm Jul 30, 2008 3:41pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
On daily candle gbp/chf I canīt see any pattern, sorry.
- #473
- Jul 31, 2008 11:12am Jul 31, 2008 11:12am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
first time for me: a 4 hour chart usd/chf:
we see a large bullish engulfing candle attacking the 23.6 weekly fibo-level.
there is 1 hour left for 4 houre close, so, this will be interesting if this remains a bullish engulfing candle. If so, we will see another bullish bias in the next hours. Lets wait and see.
The downmove was limited, as stated yesterday.
we see a large bullish engulfing candle attacking the 23.6 weekly fibo-level.
there is 1 hour left for 4 houre close, so, this will be interesting if this remains a bullish engulfing candle. If so, we will see another bullish bias in the next hours. Lets wait and see.
The downmove was limited, as stated yesterday.
- #475
- Jul 31, 2008 4:19pm Jul 31, 2008 4:19pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
gbp/chf weekly.
weekly is not finished, so, this is not a valid pattern.
It would be a valid pattern, if this drops not like a
stone tommorrow.
In that case (if price stays where it is or moves up),
we have "a kind of" 3 white soldiers pattern.
This is a bullish pattern with high reliabillity.
http://www.candlesticker.com/Cs63.asp
But we have to wait for tommorrows close.
weekly is not finished, so, this is not a valid pattern.
It would be a valid pattern, if this drops not like a
stone tommorrow.
In that case (if price stays where it is or moves up),
we have "a kind of" 3 white soldiers pattern.
This is a bullish pattern with high reliabillity.
http://www.candlesticker.com/Cs63.asp
But we have to wait for tommorrows close.
- #476
- Jul 31, 2008 4:20pm Jul 31, 2008 4:20pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
usd/chf chart, TL not broken yet
- #478
- Aug 3, 2008 11:14am Aug 3, 2008 11:14am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
welcome back to a new trading week.
usd/chf monthly
On the monthly we see a change in colour of the candles. This indicates often an change in trend. I canīt see a pattern, but julys candle is a defective hammer. It`s defective, because the body is to long, in comparison to the lower wick. Itīs not a bullish engulfing candle, this status is missed by 6 pips.
usd/chf weekly
On weekly, from my newbie point of view, we see a "Three white soldiers" pattern: http://www.candlesticker.com/Cs63.asp
Itīs not perfect, because opening of the next candle is not below the close of the candle before.But we have 3 healthy bullish candles in a row.
usd/chf daily
The price is hanging above the ema 150 for three days now. We have seen on wednesday a spinning top (a neutral candle, if not confirmed), followed by a bearish hanging man on thursday). BUT on friday, these candles where not confirmed as building a top, we see last fridays candle was a nice bullish candle.
So, I expect a bullish continuation of the trend.
usd/chf monthly
On the monthly we see a change in colour of the candles. This indicates often an change in trend. I canīt see a pattern, but julys candle is a defective hammer. It`s defective, because the body is to long, in comparison to the lower wick. Itīs not a bullish engulfing candle, this status is missed by 6 pips.
usd/chf weekly
On weekly, from my newbie point of view, we see a "Three white soldiers" pattern: http://www.candlesticker.com/Cs63.asp
Itīs not perfect, because opening of the next candle is not below the close of the candle before.But we have 3 healthy bullish candles in a row.
usd/chf daily
The price is hanging above the ema 150 for three days now. We have seen on wednesday a spinning top (a neutral candle, if not confirmed), followed by a bearish hanging man on thursday). BUT on friday, these candles where not confirmed as building a top, we see last fridays candle was a nice bullish candle.
So, I expect a bullish continuation of the trend.
- #479
- Aug 3, 2008 11:41am Aug 3, 2008 11:41am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
gbp/chf monthly
monthly julys candle difference between open and close was 395 pips.
395 pips in a whole month ! I would say, this is a spinning top which needs confirmation of trend direction.
gbp/chf weekly
on weekly I see also a spinning top for last week. We have to wait for trend
direction here too.
gbp/chf daily
One time frame, which is clear. After the doji on thursday, there was a bearish engulfing candle on friday. So we like to see a bearish candle next
monthly julys candle difference between open and close was 395 pips.
395 pips in a whole month ! I would say, this is a spinning top which needs confirmation of trend direction.
gbp/chf weekly
on weekly I see also a spinning top for last week. We have to wait for trend
direction here too.
gbp/chf daily
One time frame, which is clear. After the doji on thursday, there was a bearish engulfing candle on friday. So we like to see a bearish candle next
gbp/chf monthly
monthly julys candle difference between open and close was 395 pips.
395 pips in a whole month ! I would say, this is a spinning top which needs confirmation of trend direction.
gbp/chf weekly
on weekly I see also a spinning top for last week. We have to wait for trend
direction here too.
gbp/chf daily
One time frame, which is clear. After the doji on thursday, there was a bearish engulfing candle on friday. So we like to see a bearish candle next
TQ for the analysis.
(A trader that doesnt trade due to headache)