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EUR/USD, GBP/USD, NZD/USD, USD/JPY, AUD/USD

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Daily candle chart

  • #1,701
  • Aug 11, 2008 6:20am Aug 11, 2008 6:20am
Quoting hussin naiji
but my viewpoint about GBPUSD bearish only maybe we will see a pullback in .9330 or .9370 and then fall below .89xx
whether we can see .9330 ?
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  • #1,702
  • Aug 11, 2008 6:23am Aug 11, 2008 6:23am
Quoting hussin naiji
we know that is 1.5000 a pyschological support level for EUR also we have a close above this level .i think we will see a small retrace 1.5110 or 1.5090 and then continuation for fall below 1.50
whether we can see 1.5110 ?
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  • #1,703
  • Aug 11, 2008 6:25am Aug 11, 2008 6:25am
i can see a channel uptrend in H1 EURYEN
  • #1,704
  • Aug 11, 2008 6:28am Aug 11, 2008 6:28am
I have been studying that bullish pattern 1 of usdjpy H4 with keen interest and i have more questions to ask. before then i will say thanks for your timely explanation and charts posted.

qustions:

1. in your chart, u said, the doji must close must be equal to open, but in the chart examples i saw a variation from +1 to -1. are u saying that we can have a setup if the close and open is equal to 1.

2. wot do u suggest as entry to this setup. is it the break of the doji's hi or the opening of the next candle after doji.

Thanks
  • #1,705
  • Aug 11, 2008 6:42am Aug 11, 2008 6:42am
Quoting Naijafx
I have been studying that bullish pattern 1 of usdjpy H4 with keen interest and i have more questions to ask. before then i will say thanks for your timely explanation and charts posted.

qustions:

1. in your chart, u said, the doji must close must be equal to open, but in the chart examples i saw a variation from +1 to -1. are u saying that we can have a setup if the close and open is equal to 1.

2. wot do u suggest as entry to this setup. is it the break of the doji's hi or the opening of the next candle after doji.

Thanks
in this section(bullish pattern no:1 ) i have centralization on upper wick and lower wick doji because this case is important for perception feeling traders.
but about your question no 1
attention :we know that a doji is without real body in fact open price and close price a doji is equal. my purpose is close red candle must will be in range -10 till +40 pips .on other words if close red candle is 1.5100 we must have open price and close price of doji 1.5090 till 1.5140 .
if open price or clsoe price doji will be 1.5080 or 1.5150 therfore this pattern is untruth
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  • #1,706
  • Aug 11, 2008 6:45am Aug 11, 2008 6:45am
Quoting Naijafx
I have been studying that bullish pattern 1 of usdjpy H4 with keen interest and i have more questions to ask. before then i will say thanks for your timely explanation and charts posted.

qustions:

1. in your chart, u said, the doji must close must be equal to open, but in the chart examples i saw a variation from +1 to -1. are u saying that we can have a setup if the close and open is equal to 1.

2. wot do u suggest as entry to this setup. is it the break of the doji's hi or the opening of the next candle after doji.

Thanks
about your question 2 you can more explain ?
thanks
  • #1,707
  • Aug 11, 2008 7:03am Aug 11, 2008 7:03am
Quoting hussin naiji
hi howard
im fine and weather of Tehran cloudy similar currencies trend
howard i have gone short EJ in the past days and i have closed in the past hours (in gap) and a small long EURUSD below 1.4950
but now i waitIng for a day close for EURYEN -AUDUSD-AUDNZD
take your time
hussin
Thanks a lot, I thought you would be short AUDNZD by now as this was your favourite on analysis
Regards
  • #1,708
  • Aug 11, 2008 7:16am Aug 11, 2008 7:16am
Quote
bout your question 2 you can more explain ?
thanks

thanks for taking your time to explain the setup. its getting clearer now. thanks for your patience and kindness.

i was asking you that once a setup is formed. how are we going to trade it.? wot will be the entry and the stoploss?

take for instance, if the high of the pin bar is A and the low is B. if we want to trade the bullish trade, do we place our

entry at A+1+spread
SL at B-1

thanks
  • #1,709
  • Aug 11, 2008 7:32am Aug 11, 2008 7:32am
how are we going to trade it?
for example with appearance a red candle and after a doji ,if i could see bullish pattern no:1 with turuth quantities , i will go long USDYEN with t/p OVER 50PIPS AND without s/l
if a my postion is loss i close my position by handmade
also for other patterns
but i read trend by weekly and daily and some my positions is long term (1 week or 2 week or 3 days) and some my positions are less 1 day
i take pleasure from my trades and i say thanks God for evry position with green pips and again thanks God for positions red pips because i think that i have not merit green pips .
but why i dont use by S/L .this is a other story . i think only peaches know this case
  • #1,710
  • Aug 11, 2008 7:37am Aug 11, 2008 7:37am
sorry my English language is bad
this is my problem . if my English was good i could better explain to you
  • #1,711
  • Aug 11, 2008 7:47am Aug 11, 2008 7:47am
Quote
how are we going to trade it?
for example with appearance a red candle and after a doji ,if i could see bullish pattern no:1 with turuth quantities , i will go long USDYEN with t/p OVER 50PIPS AND without s/l
if a my postion is loss i close my position by handmade
also for other patterns
but i read trend by weekly and daily and some my positions is long term (1 week or 2 week or 3 days) and some my positions are less 1 day
i take pleasure from my trades and i say thanks God for evry position with green pips and again thanks God for positions red pips because i think that i have not merit green pips .
but why i dont use by S/L .this is a other story . i think only peaches know this case

Good! now understood
  • #1,712
  • Aug 11, 2008 8:17am Aug 11, 2008 8:17am
not to use a SL is a matter of trust and believe, i think. It will come with experience and time. I`am too young in forex.

my eur/usd chart looks like a visit for ema 365 (blue line) or
the red horizontal lines first, before a real retrace.

But it is very difficult to judge a daily candle before it is closed.





Quoting hussin naiji
how are we going to trade it?
for example with appearance a red candle and after a doji ,if i could see bullish pattern no:1 with turuth quantities , i will go long USDYEN with t/p OVER 50PIPS AND without s/l
if a my postion is loss i close my position by handmade
also for other patterns
but i read trend by weekly and daily and some my positions is long term (1 week or 2 week or 3 days) and some my positions are less 1 day
i take pleasure from my trades and i say thanks God for evry position with green pips and again thanks God for positions red pips because i think that i have not merit green pips .
but why i dont use by S/L .this is a other story . i think only peaches know this case
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  • #1,713
  • Aug 11, 2008 8:38am Aug 11, 2008 8:38am
Hi all, hi hussin,

eur/aud daily:

what do you all think about the direction of the eur/aud ?

Last weeklys candle was a bullish one, but it has had a long wick,
which means big pressure of the bears.

Looking at the dailys we have seen in the last days a harami
pattern and doji maybe spinning top for today.

But I`am not convinced for short, what do you think ?
Attached Image (click to enlarge)
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  • #1,714
  • Aug 11, 2008 8:44am Aug 11, 2008 8:44am
Quoting hussin naiji
sorry my English language is bad
this is my problem . if my English was good i could better explain to you
No problem brother,
what if you didnt understand english at all?
What are we going to do?
NOTHING
half bread is far far far better than non,
IN THIS CASE YOURS IS MORE THAN FULL BREAD

Thanks for your time
  • #1,715
  • Aug 11, 2008 10:11am Aug 11, 2008 10:11am
Hussin,
Check your email
  • #1,716
  • Aug 11, 2008 10:44am Aug 11, 2008 10:44am
GU has broken the weekly 61.8 fibo line again.
If it makes a new lower low (where the red dotted line beginns), the yellow new support line will be testet.
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  • #1,717
  • Aug 11, 2008 10:46am Aug 11, 2008 10:46am
Quoting peaches
Hi all, hi hussin,

eur/aud daily:

what do you all think about the direction of the eur/aud ?

Last weeklys candle was a bullish one, but it has had a long wick,
which means big pressure of the bears.

Looking at the dailys we have seen in the last days a harami
pattern and doji maybe spinning top for today.

But I`am not convinced for short, what do you think ?
hi peaches,

that is my view on eur/aud, my thinking is "follow the trend", so i hope my trendtheory for this pair is correct

weekly and daily chart for you
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  • #1,718
  • Aug 11, 2008 2:04pm Aug 11, 2008 2:04pm
Quoting Titus
hi peaches,

that is my view on eur/aud, my thinking is "follow the trend", so i hope my trendtheory for this pair is correct

weekly and daily chart for you
Hi titus thanks for reply.

Trendlines and candlesticks are a good combination. But identifying
support and resistance-levels are good, too.

I spot by eye SR-levels by zooming out the chart, and look where
bodys of candles start or/and end. I marked a few in the chart below.

You see, price has been going through a resistance level, which is
now support and price is sitting at the moment at this level.

I think its a good idea to watch lower timefrimes for new lower lows or higher highs in combination of a fibo-retracement of todays candle.
There might be a good entrypoint for long.

Setup is invalid, if todays low is broken to the downsite, because there would be my SL.

Green pips for all !
Attached Image (click to enlarge)
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  • #1,719
  • Aug 11, 2008 2:22pm Aug 11, 2008 2:22pm
ok good luck, i hope many green pips for you ! !

no trade for me at the moment with this pair

Quoting peaches
Hi titus thanks for reply.

Trendlines and candlesticks are a good combination. But identifying
support and resistance-levels are good, too.

I spot by eye SR-levels by zooming out the chart, and look where
bodys of candles start or/and end. I marked a few in the chart below.

You see, price has been going through a resistance level, which is
now support and price is sitting at the moment at this level.

I think its a good idea to watch lower timefrimes for new lower lows or higher highs in combination of a fibo-retracement of todays candle.
There might be a good entrypoint for long.

Setup is invalid, if todays low is broken to the downsite, because there would be my SL.

Green pips for all !
  • #1,720
  • Aug 11, 2008 3:28pm Aug 11, 2008 3:28pm
Quoting stanchuks
Hussin,
Check your email
check Email
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