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Daily candle chart

  • #2,721
  • Sep 2, 2008 1:45am Sep 2, 2008 1:45am
Quoting islabonita
GJ classic hammer?

but the candlestick is not closed yet ? so the hammer technically is not yet formed? am i wrong?

hi all, good trading

Must wait until the end of the day.

Bk
  • #2,722
  • Sep 2, 2008 2:07am Sep 2, 2008 2:07am
Could we see Doji at GJ daily? Only time and god could tell us. Any rebounce may be just to close the gap.
Attached Image (click to enlarge)
Click to Enlarge Name: gj daily1.gif Size: 22 KB
  • #2,723
  • Sep 2, 2008 2:48am Sep 2, 2008 2:48am
Quoting islabonita
GJ classic hammer?

but the candlestick is not closed yet ? so the hammer technically is not yet formed? am i wrong?

hi all, good trading

It is better to be save, if the timeframe you are viewing the candle
is closed imho. You may miss some pips, but be on the save side.
  • #2,724
  • Sep 2, 2008 2:50am Sep 2, 2008 2:50am
Quoting PandoraBox
Could we see Doji at GJ daily? Only time and god could tell us. Any rebounce may be just to close the gap.
we need patience for GBP. There are today and tommorrow news
announced, which might change the trend, but it is a bit early.

Candlestick pattern will show us, what the market awaits.
  • #2,725
  • Sep 2, 2008 5:09am Sep 2, 2008 5:09am
well......pound.

Looks like the market expecting nothing.
Tommorrow is Halifax HPI m/m and Services PMI which both have
a bad forecast.

It will drop to...hm...i donīt now...lower

I can not believe, that GU is going straight 1,75, but charts look like that.
  • #2,726
  • Sep 2, 2008 6:43am Sep 2, 2008 6:43am
hi dear all
  • #2,727
  • Sep 2, 2008 6:45am Sep 2, 2008 6:45am
Quoting Johor JCS
are u saying GJ is ready to reverse hussein?
it is not reverse only a retracement
  • #2,728
  • Sep 2, 2008 6:49am Sep 2, 2008 6:49am
Quoting islabonita
GJ classic hammer?

but the candlestick is not closed yet ? so the hammer technically is not yet formed? am i wrong?

hi all, good trading
take your time !
now i see a bullish hammer pattern we will see a close window in the next days. slowly slowly slowly
Attached Image (click to enlarge)
Click to Enlarge Name: daily 2008.09.02 gpbyen.gif Size: 11 KB
  • #2,729
  • Sep 2, 2008 7:03am Sep 2, 2008 7:03am
Quoting islabonita
i think its so important to do your own homework not just base your decision to enter a trade on the comments of the boardmembers who ever they are...

eg: GBPUSD couple of days ago, 'good time for long' was the message, its dropped 300 pips since...

eg: eurgbp yesterday 'good time for short', look at today's movements, suddenly the candles look very different

eg: gbpjpy this morning... yes Hussin is correct of course on the hammer BUT the BIG BUT is do you have enough in your account to enter the trade now and see it through even if it drops 100 pips?

you must take into account time lines and individual profit targets too which people usually don't declare fully. For example if a boardmember says its great time for short and their target is only 10 pips... you see the 10pip movement but don't think anything of it... they then close their position and the price goes the other way you are left on the sinking ship so its very important, do your own research and take into the equation the comments on this thread BUT they definately should not be taken as gospel because they're not... forex is so unpredictbale... its a game of probabilities and every one in wrong alot of times. The succesful i'm sure are those that ride their wins and cut their losses..

i know, i can't even see the shirt i lost recently :-)

ps: having said all this, this thread is awesome and i'm beginning to love candlestick based trading
im hearing to sing by candlesticks for ascend to hill 197
  • #2,730
  • Sep 2, 2008 11:06am Sep 2, 2008 11:06am
geppy - 1h chart:

after a high wave candle and a bearish harami there is another bearish candle under development. This are all candles with low reliabality on a low time frame, but something worth to have an eye on.

A retest of 192,70 might be (!) underway. If a price level is often tested again, there is a good chance for a break. We have seen this at the area 213/213.500 a few weeks ago. Lets observe this.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1h.gif Size: 13 KB
  • #2,731
  • Sep 2, 2008 11:15am Sep 2, 2008 11:15am
another high wave candle on eur/usd - 1h

high wave means: neutral/indicision, confirmation in one way or the other needed...
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 13 KB
  • #2,732
  • Sep 2, 2008 11:21am Sep 2, 2008 11:21am
GU 1 h:

A 3 bearish crows under developing, targeting 1,77, maybe...
Attached Image (click to enlarge)
Click to Enlarge Name: gu1h.gif Size: 12 KB
  • #2,733
  • Sep 2, 2008 12:31pm Sep 2, 2008 12:31pm
On my charts a lot of currencys have changed direction, will have a close look, at the daily close.
  • #2,734
  • Sep 2, 2008 2:07pm Sep 2, 2008 2:07pm

Hi Naiji
I'm thinking this candle is a good reversal hammer?
Its closed right on an important pivot line.

Attached Image (click to enlarge)
Click to Enlarge Name: oil daily,closed ,2nd sept.gif Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #2,735
  • Sep 2, 2008 2:11pm Sep 2, 2008 2:11pm
Quoting Bones

Hi Naiji
I'm thinking this candle is a good reversal hammer?
Its closed right on an important pivot line.

agreed.

I donīt now why, but on my charts dollar is getting bearish, pound is getting bullish, euro getting bullish, yen is getting bearish, aud is getting bearish.

charts later...
  • #2,736
  • Sep 2, 2008 2:14pm Sep 2, 2008 2:14pm
example: geppy on 15 min chart...
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 16 KB
  • #2,737
  • Sep 2, 2008 2:18pm Sep 2, 2008 2:18pm
Agreed and there is this small gap and Ive been looking in my Profitable candle sticks book and note item 2 on signal enhancements.


Quoting peaches
agreed.

I donīt now why, but on my charts dollar is getting bearish, pound is getting bullish, euro getting bullish, yen is getting bearish, aud is getting bearish.

charts later...
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #2,738
  • Sep 2, 2008 2:26pm Sep 2, 2008 2:26pm
Quoting Bones
Agreed and there is this small gap and Ive been looking in my Profitable candle sticks book and note item 2 on signal enhancements.

yes it is hammer, what adds weight to this hammer, it apears near
a major trendline

Donīt worry, if price goes 50 % of todays daily candle goes against the new trend.

"Trend" is not right, because weekly candlestick rules.
  • #2,739
  • Sep 2, 2008 2:27pm Sep 2, 2008 2:27pm
Eur-Usd I would really like to see price climb and close within yesturdays dailys candle im thinking this is an important juntion.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu -daily ,8.20pm ,2nd sept.gif Size: 36 KB
Click to Enlarge Name: eu -8.20pm ,2nd sept.gif Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #2,740
  • Sep 2, 2008 2:36pm Sep 2, 2008 2:36pm
Usd -Chf ,Price has been respecting my wedge very well,I am a bit supprised the swissy has not moved as far in the last week as Eur-Usd?
Attached Image (click to enlarge)
Click to Enlarge Name: usd-chf ,8.30pm ,2nd sept.gif Size: 42 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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