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Daily candle chart

  • #1,921
  • Aug 15, 2008 3:00am Aug 15, 2008 3:00am
Quoting thang822462
UC is supported by hammer at 10560.More confirmation for UC.
wait for weekly close
usdcad is unclear
  • #1,922
  • Aug 15, 2008 3:04am Aug 15, 2008 3:04am
in the daily candle chart EURUSD and AUDUSD we can see failed hammer
also in daily candle chart GBPUSD we can see failed bullish long leeged goji pattern
  • #1,923
  • Aug 15, 2008 3:07am Aug 15, 2008 3:07am
Quoting hussin naiji
sorry for took your daily profit .
but dont uneasy my friend
pay attention to AUDNZD TO NIGHT
or EJ
this is good that we have seen fall(CONTINUATION) for AUDNZD
  • #1,924
  • Aug 15, 2008 3:10am Aug 15, 2008 3:10am
thank you so much

considering the usdjpy 'correlation' to eurusd its holding really well which also adds to my bearish sentiment now, thank you again Hussin
  • #1,925
  • Aug 15, 2008 3:19am Aug 15, 2008 3:19am
Quoting islabonita
thank you so much

considering the usdjpy 'correlation' to eurusd its holding really well which also adds to my bearish sentiment now, thank you again Hussin
hi islabonita
attention EURUSD is falling
GBPUSD is falling
AUDUSD is falling
therefore with fall for EJ-AJ-GJ we can see increse for demand YEN by reason carry trades
even maybe we will see big fall for USDYEN in the next weeks
  • #1,926
  • Aug 15, 2008 3:35am Aug 15, 2008 3:35am
Quoting hussin naiji
hi islabonita
attention EURUSD is falling
GBPUSD is falling
AUDUSD is falling
therefore with fall for EJ-AJ-GJ we can see increse for demand YEN by reason carry trades
even maybe we will see big fall for USDYEN in the next weeks
Dear hussin, I never hat thought, that so much money can be made with forex.

If you are at the right side of the trade.

And the biggest market has not opened yet. There will be large large falls
i think when new york opens.
  • #1,927
  • Aug 15, 2008 3:40am Aug 15, 2008 3:40am
Quoting hussin naiji
also attention yo weekly candle chart we can see a weekly bearish pattern !
on the other hand we can see a channel uptrend .
if we have this rate(110.26) for close weekly USDYEN .I will be in bear camp in the next week .
I think if the USD continue to be bullish, we see usd/jpy continue higher.

But I have no chart at the moment, I´ll stay out usd/jpy until I see clear
weekly bearish candle.
  • #1,928
  • Aug 15, 2008 3:44am Aug 15, 2008 3:44am
Quoting peaches
I think if the USD continue to be bullish, we see usd/jpy continue higher.

But I have no chart at the moment, I´ll stay out usd/jpy until I see clear
weekly bearish candle.
111.00 or 111.10 then fall below 110.00
let see
  • #1,929
  • Aug 15, 2008 4:43am Aug 15, 2008 4:43am
chart is clear
Attached Image (click to enlarge)
Click to Enlarge Name: 2000.gif Size: 15 KB
  • #1,930
  • Aug 15, 2008 4:51am Aug 15, 2008 4:51am
chart is clear CADJPY

are you going short ?? or are you already ?

thank u
  • #1,931
  • Aug 15, 2008 5:59am Aug 15, 2008 5:59am
Quoting islabonita
chart is clear CADJPY

are you going short ?? or are you already ?

thank u

Hi isla,

Iám already short, but I was to early. I think this will come down during new york session. If you look at the 4 hour chart, You see an inverted hammer/pin bar under developing. this means price will not go higher.

Also look to the left side of the chart, i marked areas, where price has stopped before, so we can draw a horizontal line, as an area of S/R.

A good trader always looks for an entry, when his/hers losses will be minimized. So best entry point is, when the price goes most against you where you think the main direction is.

New york has to avoid a weekly hammer
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 18 KB
  • #1,932
  • Aug 15, 2008 6:11am Aug 15, 2008 6:11am
peaches, thank you so much

i'm guessing then your target is 102.95? or lower? sorry for questions
  • #1,933
  • Aug 15, 2008 6:17am Aug 15, 2008 6:17am
Hi peaches
From what level are you short eur/aud?
Is your stop above the highest spike around 1.7360?
Attached Image
Regards
  • #1,934
  • Aug 15, 2008 6:31am Aug 15, 2008 6:31am
attention
0920 GMT [Dow Jones] Use any rally in EUR/JPY to exit existing long positions, says BNP Paribas. Recent flow data from the MOF shows strong portfolio inflows to Japan in the week ending August 9th, with Japan investors selling foreign assets and foreign investors buying Japanese assets. The bank retains a bearish outlook on the rate with an initial target of 158.65. EUR/JPY now at 162.80. (GST)


Contact us in London. +44-20-7842-9464
[email protected]


(END) Dow Jones Newswires

August 15, 2008 05:20 ET (09:20 GMT)
  • #1,935
  • Aug 15, 2008 6:32am Aug 15, 2008 6:32am
peaches for you
0936 GMT [Dow Jones] EUR/CHF expected to move broadly sideways with technical factors being neutral, Commerzbank says. Resistance seen at 1.6349/77. A recent low of 1.6156/71 will likely be a prop on the downside, according to the bank. The pair stands at 1.6177. (MGE)


Contact us in London. +44-20-7842-9464
[email protected]


(END) Dow Jones Newswires

August 15, 2008 05:36 ET (09:36 GMT)
  • #1,936
  • Aug 15, 2008 6:33am Aug 15, 2008 6:33am
hello hussin,

you said the pinbars have failed, but i see not even one pin that has failed yet. i have learned that the pinbar is valid until its low or high (depends on if its bullish or bearish) gets broken.

nzd/usd , eur/jpy, chf/jpy, aud/jpy still no broken lows of the pinbars, until the lows get broken i dont think about going short.

but thats just how i have learned it, you have much more experience, so how do you determine that a hammer or pinbar has failed?

like peaches said, a retrace of a pinbar to the 50%fibo is a good point to enter a trade with a great risk:reward ratio, if the trade gets confirmations (trendline or fibo or whatever)
  • #1,937
  • Aug 15, 2008 6:36am Aug 15, 2008 6:36am
Quoting islabonita
chart is clear CADJPY

are you going short ?? or are you already ?

thank u
yes time nice for short CADYEN
be careful if you have weekly close i think it's better
or wait for open DOW then
  • #1,938
  • Aug 15, 2008 6:42am Aug 15, 2008 6:42am
Quoting islabonita
peaches, thank you so much

i'm guessing then your target is 102.95? or lower? sorry for questions
feel free to ask

To identify a target area, I try to identify a support zone.

I look back the chart, and mark areas, where candles starts and begin.
I do this only by eye, no indicator. Then I overlay this with autopivot indicator (green) (sorry I can not change the colors of this indicator).

I almost everytime put my targets to far away.

In this case I draw a red line around 1.024 and one around 1.0194,
whatch chart please.

But always chose a round number, lets say 1.025 and 1,02.

You see right now, price is reaching resistance, which is the
wrong direction imho
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 18 KB
  • #1,939
  • Aug 15, 2008 6:45am Aug 15, 2008 6:45am
Quoting Titus
hello hussin,

you said the pinbars have failed, but i see not even one pin that has failed yet. i have learned that the pinbar is valid until its low or high (depends on if its bullish or bearish) gets broken.

nzd/usd , eur/jpy, chf/jpy, aud/jpy still no broken lows of the pinbars, until the lows get broken i dont think about going short.

but thats just how i have learned it, you have much more experience, so how do you determine that a hammer or pinbar has failed?

like peaches said, a retrace of a pinbar to the 50%fibo is a good point to enter a trade with a great risk:reward ratio, if the trade gets confirmations (trendline or fibo or whatever)
hi titus
i have not said the pinbars have failed .i said hammer have failed
if look in daily candle chart EJ you can see difference close hammer with today price in this time .for the present hammer (wednesday ) have failed.only a daily close above 164.00 will give us a confirmation for up
Attached Image (click to enlarge)
Click to Enlarge Name: 2000.gif Size: 10 KB
  • #1,940
  • Aug 15, 2008 6:45am Aug 15, 2008 6:45am
Quoting hussin naiji
hi titus
i have not said the pinbars have failed .i said hammer have failed
if look in daily candle chart EJ you can see difference close hammer with today price in this time .for the present hammer (wednesday ) have failed.only a daily close above 164.00 will give us a confirmation for up
also for EURUSD and AUDUSD even AJ ...
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