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Daily candle chart

  • #2,121
  • Aug 19, 2008 10:52am Aug 19, 2008 10:52am
Quoting thang822462
Peaches,I short UJ ,USDCHF too greens pips for ushttp://i272.photobucket.com/albums/j...emotion-64.gif
It is very good signal to short intraday but not good for longtime.
I have just take profits
Scalping.............

I`am unsure for longterm...BUT lets use imagination, only imagine 4 hour candle, daily candle, weekly candle. We will not trade this, until we have confirmation, BUT use imagination.

4 h: candle closes in ~70 min for my broker. We see a hanging man, and currently candle a bearish candle. IF this closes as a bearish candle, there is hope, for another 4 hour bearish candle. Even sideways would be enough to form a daily bearish candle.

daily candle: IF we have a bearish daily candle, we might see a 3 bearish crow pattern, meaning tommorrow will be bearish.

weekly: so what happens to the weekly, if tommorrow will be bearish.
I doubt that the bulls have so much power to avoid a bearish engulfing at the weekly.

BUt there is very much IF and MIGHT.

Only trade, what YOUR charts are telling you
Attached Image(s) (click to enlarge)
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  • #2,122
  • Aug 19, 2008 10:54am Aug 19, 2008 10:54am
examine new change in daily candle chart EURUSD
  • #2,123
  • Aug 19, 2008 10:54am Aug 19, 2008 10:54am
Quoting WedWed
Hi All Here.. Spacially for Hussain and Peaches..

this is my first post in FF ,
Hussain i am really happy with your post..


thanx toooooo much
Hi, nice to have you here, welcome
  • #2,124
  • Aug 19, 2008 10:59am Aug 19, 2008 10:59am
Quoting hussin naiji
examine new change in daily candle chart EURUSD
I got more back, what I have lost this morning...

I am a bad trader (IŽll tell you later why), but I may be read charts...

I `like to have a holiday home in scandinavia, a large house at the mediterranean sea, and a flat in london. But IŽll meet you in hawaii in a year or so.

Gold =
  • #2,125
  • Aug 19, 2008 11:00am Aug 19, 2008 11:00am
in the daily candle chart EURUSD we can see a bullish Gravestone doji previous day now see a confirmation
Attached Image (click to enlarge)
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  • #2,126
  • Aug 19, 2008 11:03am Aug 19, 2008 11:03am
Quoting peaches
I got more back, what I have lost this morning...

I am a bad trader (IŽll tell you later why), but I may be read charts...

I `like to have a holiday home in scandinavia, a large house at the mediterranean sea, and a flat in london. But IŽll meet you in hawaii in a year or so.

Gold =
oh peaches a holiday home in scandinavia a large house at the mediterranean
  • #2,127
  • Aug 19, 2008 11:06am Aug 19, 2008 11:06am
for daily canlde chaart GBPUSD , there is good pattern for bull
Attached Image (click to enlarge)
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  • #2,128
  • Aug 19, 2008 11:07am Aug 19, 2008 11:07am
but we must pay attention these pattterns are only a retracement .in this time no reversal
  • #2,129
  • Aug 19, 2008 11:09am Aug 19, 2008 11:09am
Quoting hussin naiji
for daily canlde chaart GBPUSD , there is good pattern for bull
i agree we really would have loved to see morning star for reversal potentially
  • #2,130
  • Aug 19, 2008 11:09am Aug 19, 2008 11:09am
Quoting riskyachtar
how about Eu today peaches ?

if we look candle EU is shooting star
right ?



regards


I think, we have at the moment, a bearish dollar rally. (means eur/usd goes up).

If price not stops right now where it is, eur/usd goes 1,48.

eur/usd likes very very special round numbers, 1,48, 1,49, 1,50....
  • #2,131
  • Aug 19, 2008 11:11am Aug 19, 2008 11:11am
Quoting hussin naiji
but we must pay attention these pattterns are only a retracement .in this time no reversal
yes I totaly agree, we should keep this in mind, that it is
with high risk to trade against the weekly trend!

Ask me, I have lost 20 % of my winnings last week,
because trading against the weekly.
  • #2,132
  • Aug 19, 2008 11:12am Aug 19, 2008 11:12am
Quoting peaches
I`am unsure for longterm...BUT lets use imagination, only imagine 4 hour candle, daily candle, weekly candle. We will not trade this, until we have confirmation, BUT use imagination.

4 h: candle closes in ~70 min for my broker. We see a hanging man, and currently candle a bearish candle. IF this closes as a bearish candle, there is hope, for another 4 hour bearish candle. Even sideways would be enough to form a daily bearish candle.

daily candle: IF we have a bearish daily candle, we might see a 3 bearish crow pattern, meaning tommorrow will be bearish.

weekly: so what happens to the weekly, if tommorrow will be bearish.
I doubt that the bulls have so much power to avoid a bearish engulfing at the weekly.

BUt there is very much IF and MIGHT.

Only trade, what YOUR charts are telling you
in fact maybe a confirmation for wekly bearish hanging man pattern
  • #2,133
  • Aug 19, 2008 11:13am Aug 19, 2008 11:13am
Quoting peaches


I think, we have at the moment, a bearish dollar rally. (means eur/usd goes up).

If price not stops right now where it is, eur/usd goes 1,48.

eur/usd likes very very special round numbers, 1,48, 1,49, 1,50....
decision is made at this moment, price likes to visit 1,48.....
  • #2,134
  • Aug 19, 2008 12:48pm Aug 19, 2008 12:48pm
Quoting stanchuks
Hussin/peaches
please could you explain to me how to identify a retace and a reversal
what would you call whats going on in EURAUD(retrace or reversal)?

Hi stanchuks, have not forgotten your question.

What we have seen in the last 60-90 minutes was a dollar
rally eur/usd. When rally comes to an end (now maybe), there is a retracement,
meaning, price comes back to one of those fibo-levels. from there, there is a decison where price will go, nobody could now. Often its goes back into the main direction (for eur/usd now:up)

A reversal is totally different, it is price movements on weekly, maybe monthly timeframe imho.

Please see attached document from aad writen by bobokus for using fibo-levels during retracements. It is easy. BUT beware retracements are often against the major trend. Trade small money.

sorry for being off topic here.
Attached File(s)
File Type: zip Simple Fibonacci Trading.zip   1.8 MB | 841 downloads
  • #2,135
  • Aug 19, 2008 2:28pm Aug 19, 2008 2:28pm
dear hussin,

what do you think about todays dollar index candle ?
Attached Image (click to enlarge)
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  • #2,136
  • Aug 19, 2008 4:01pm Aug 19, 2008 4:01pm
Quoting peaches
dear hussin,

what do you think about todays dollar index candle ?
Hi peaches mines a little different but sure looks like a $ sell off (retrace)to me im also short USD CHF
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #2,137
  • Aug 19, 2008 4:08pm Aug 19, 2008 4:08pm
Gold - Daily:

I have never ever seen this pattern before:

A bullish three inside up:

http://www.candlesticker.com/Cs61.asp
Attached Image (click to enlarge)
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  • #2,138
  • Aug 19, 2008 4:12pm Aug 19, 2008 4:12pm
Quoting Bones
Hi peaches mines a little different but sure looks like a $ sell off (retrace)to me im also short USD CHF
yes. but donŽt get nervous if price goes 50 % of the tuesdays daily candle
during asia/london against you. There has not been a serious retracement
of the last dollar bear run. I would be surprised, if price goes in a straight line.
  • #2,139
  • Aug 19, 2008 4:16pm Aug 19, 2008 4:16pm
Oh I wont I'm in from the top ,really not seeing a retrace on this set up though.

Quoting peaches
yes. but donŽt get nervous if price goes 50 % of the tuesdays daily candle
during asia/london against you. There has not been a serious retracement
of the last dollar bear run. I would be surprised, if price goes in a straight line.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #2,140
  • Aug 19, 2008 4:18pm Aug 19, 2008 4:18pm
gbp/usd - daily:

again a hammer: pretty much indecision in the market.
Me as a conservative trader waits for confirmation
for uptrend.

Notice todays daily low was higher, then the low
from last friday.
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