Daily candle chart | Page 87 | 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

  • #1,721
  • Aug 11, 2008 4:31pm Aug 11, 2008 4:31pm
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 !
agree with 1.6380 or 1.6400
  • #1,722
  • Aug 11, 2008 4:47pm Aug 11, 2008 4:47pm
in the daily candle chart we can see a inverted hammer with long upper wick(150 pips selloff).
this observation shows to us that the bears are able to take pirces down to new lows.i think with break 1.5000 the bulls will be less likely to buy at this price levels.
but whether this candle is a real inverted hammer or a false inverted hammer.
false inverted hammer must be a frightening trap for buyres.
really really i see below 1.4650 EURUSD in future
Attached Image (click to enlarge)
Click to Enlarge Name: 2000.gif Size: 9 KB
  • #1,723
  • Aug 11, 2008 4:47pm Aug 11, 2008 4:47pm
Hi,

there is a pin bar for gbp/usd at the 4 hour chart, above a lot of resistance lines, fibo-level, and tom demark resistance.

I think, now it´s time for a bit retrace 1,93x.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 13 KB
  • #1,724
  • Aug 11, 2008 4:50pm Aug 11, 2008 4:50pm
Quoting hussin naiji
agree with 1.6380 or 1.6400
in that case, I´ll better have a sell limit order below the resistance-level
i marked
  • #1,725
  • Aug 11, 2008 4:53pm Aug 11, 2008 4:53pm
we see daily gold with a large bearish candle, just stopping at
ema 365 (blue line).

and we see 4 h chart. Need confirmation of a reverse or break the last
4 h candle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.gif Size: 19 KB
Click to Enlarge Name: gold4h.gif Size: 16 KB
  • #1,726
  • Aug 11, 2008 4:58pm Aug 11, 2008 4:58pm
in the daily candle chart USDCHF we see a hammer or a hangign man ?
i think we are watching a bullish continuation pattern (hammer).
of course to name this candle with name hammer is incorrect because hammer always is bottom trend . maybe that is right karakasa or blue closing bozu .also attention to CHFLFX.
I SEE OVER 1.100 USDCHF in future
Attached Image (click to enlarge)
Click to Enlarge Name: 2000.gif Size: 10 KB
  • #1,727
  • Aug 11, 2008 5:03pm Aug 11, 2008 5:03pm
my candlestick analysis for GBPUSD is very similar EURUSD but with lower probability for fall below 1.90 now
maybe next daily candles will show to us careful direction
  • #1,728
  • Aug 11, 2008 5:06pm Aug 11, 2008 5:06pm
in the daily candle chart usdyen now we can see a hanging man pattern .
Attached Image (click to enlarge)
Click to Enlarge Name: 2000.gif Size: 10 KB
  • #1,729
  • Aug 11, 2008 5:07pm Aug 11, 2008 5:07pm
Quoting hussin naiji
in the daily candle chart usdyen now we can see a hanging man pattern .
also in H4 USDYEN we can see form two mountains tops
  • #1,730
  • Aug 11, 2008 5:09pm Aug 11, 2008 5:09pm
time nice for short EJ with T/P 162.40
  • #1,731
  • Aug 11, 2008 5:11pm Aug 11, 2008 5:11pm
in the daily candle chart AJ i see form bearish engulfing pattern
  • #1,732
  • Aug 11, 2008 5:12pm Aug 11, 2008 5:12pm
im waiting for receive confirmation for short AUDNZD
  • #1,733
  • Aug 11, 2008 5:26pm Aug 11, 2008 5:26pm
Quoting peaches
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.
hi dear peaches why very difficult to judge ?
  • #1,734
  • Aug 11, 2008 5:32pm Aug 11, 2008 5:32pm
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 ?
peaches maybe we need a confirmation for short
  • #1,735
  • Aug 11, 2008 8:37pm Aug 11, 2008 8:37pm
Quoting hussin naiji
im waiting for receive confirmation for short AUDNZD
i see bearish long legged doji pattern
  • #1,736
  • Aug 12, 2008 4:11am Aug 12, 2008 4:11am
Quoting hussin naiji
im waiting for receive confirmation for short AUDNZD
ANY CONFIRMATION YET, ITS DROPPING NOW
  • #1,737
  • Aug 12, 2008 5:01am Aug 12, 2008 5:01am
Quoting hussin naiji
peaches maybe we need a confirmation for short
This is difference between candlesticks and james16, I´ll try to explain later.
Looks like a bullish continuation.
  • #1,738
  • Aug 12, 2008 6:01am Aug 12, 2008 6:01am
I have very nice daily patterns under development on my chart, but I will not enter before late new york session.

IF eur/usd closes around 1,4950 /1,498, we will have a hammer and a reversal till 1,52 area on my chart. But I`ll wait for late new york and maybe daily close.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 15 KB
  • #1,739
  • Aug 12, 2008 6:06am Aug 12, 2008 6:06am
geppy is not done/finished yet, its just resting.
Expecting a fall to lower part of ichimoku-cloud,
which is 208.20 on my chart. Maybe bounce there
or going to fibo-level marked in the chart.

Sorry, lunch is over. Nice trading everybody.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 21 KB
  • #1,740
  • Aug 12, 2008 6:45am Aug 12, 2008 6:45am
I SEE OVER 1.100 USDCHF in future[/quote]

Hussin,

First of all thank you very much for this thread. It has and continues to be of great help. Would you consider yesterday's usd/chf daily candle a hangingman pattern eventhough it shows an upper shadow? Iam using ODL as my platform (end of the day is 8pm est). In my opinion it was close enough that I saw it as a hangingman. Two things come to mind that made me cautious as I considered the reversal.... it closed higher than the previous daily(green) and I give more consideration to a shooting star as my reversal pattern. I also considered that the swing was over 400 pips already and that there seems to be some significance resistance in the 1.1000 area. Your view and others here would be appreciated.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 15 KB
Unus pro omnibus, omnes pro uno
9 traders viewing now