On-site guru & also FF member's' psychiatrist, when not drinking tea
- #3,161
- Sep 20, 2008 3:21am Sep 20, 2008 3:21am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #3,162
- Sep 20, 2008 3:56am Sep 20, 2008 3:56am
looks like many people waiting for Husin 
lets see ourself the chart in front of our eyes...
we do not need to be accurate 100% - it is 'almost' impossible to get that kind of accuracy.
if you get 70-75% accuracy month to month...then it is enough....
MM, SL, TP come in play to get that accuracy.
happy trading to all.....
lets together gether analyse the candle itself
good going everybody . love you all
lets see ourself the chart in front of our eyes...
we do not need to be accurate 100% - it is 'almost' impossible to get that kind of accuracy.
if you get 70-75% accuracy month to month...then it is enough....
MM, SL, TP come in play to get that accuracy.
happy trading to all.....
lets together gether analyse the candle itself
good going everybody . love you all
- #3,164
- Sep 21, 2008 12:31pm Sep 21, 2008 12:31pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
dear husin,
im still confused. How do we know or differentiate a true hammer and a false hammer when looking at a daily chart? thanks
difference between a true hammer and a false hammer is the confirmation (true hammer) or missing confirmation (false hammer) of the candle of the following day, imho. Its a bit of a simple/stupid answer, because I have seen true hammer, which will be confirmed at the second or third day after appearence of the hammer.
hi peaches, nice to hear from u again. its been a while. still buzy with work 
btw, its not a stupid answer. it very clear now. im looking at H1 right now, n i can see a shooting star. if the next candle is a bear candle, prolly we will be looking at a potential short. what do you think?
btw, its not a stupid answer. it very clear now. im looking at H1 right now, n i can see a shooting star. if the next candle is a bear candle, prolly we will be looking at a potential short. what do you think?
- #3,166
- Sep 22, 2008 12:05am Sep 22, 2008 12:05am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
hi peaches, nice to hear from u again. its been a while. still buzy with work
well I think on such low timesframes, it is very risky to deal with candlesticks. I try to manage my entry on 4 h timeframe with candlesticks, but lagrer times frames are better.
We are in the area of the gap from end of august, gaps often work as support or resistance, so if the gap is taken, might be a good time for
long, if the gap holds, it might be nice time to short.
longterm (weekly) I`am geppy bearish.
- #3,167
- Sep 22, 2008 12:18am Sep 22, 2008 12:18am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
well, btw. ... only 7 trading days left to avoid a perfect
monthly hammer for geppy
monthly hammer for geppy
- #3,169
- Sep 22, 2008 3:49am Sep 22, 2008 3:49am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
peaches deine pm-box ist voll
- #3,170
- Sep 22, 2008 12:16pm Sep 22, 2008 12:16pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Hello everybody, hello hussin,
2 hours left for the daily close, so I think its time for a little bit of candlestick analyses.
First: eur/usd - daily
- sorry, I can not see a pattern, but I think, it is not necessary to have a pattern to have the direction of the trend
2 hours left for the daily close, so I think its time for a little bit of candlestick analyses.
First: eur/usd - daily
- sorry, I can not see a pattern, but I think, it is not necessary to have a pattern to have the direction of the trend
- #3,172
- Sep 22, 2008 12:28pm Sep 22, 2008 12:28pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
cable - daily:
please notice on the daily cable candle the missing upper wick.
This is indicating a big big buying pressure. There will be a bullish continuation in the next session.
Nothing to do with candlesticks, but my ichimoku-indicator is giving me a "gold-cross" as confirmation. Please look in the right thread for explanation.
please notice on the daily cable candle the missing upper wick.
This is indicating a big big buying pressure. There will be a bullish continuation in the next session.
Nothing to do with candlesticks, but my ichimoku-indicator is giving me a "gold-cross" as confirmation
. Please look in the right thread for explanation.
- #3,173
- Sep 22, 2008 12:35pm Sep 22, 2008 12:35pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
usd/jpy - daily:
a long bearish harami pattern. with high hope we see two or three bearish crows. Itīs depending from a bearish dollar, which is available at
the moment very cheap
and getting more cheaper
please notice the missing lower wick.
a long bearish harami pattern. with high hope we see two or three bearish crows. Itīs depending from a bearish dollar, which is available at
the moment very cheap
and getting more cheaper please notice the missing lower wick.
- #3,174
- Sep 22, 2008 12:42pm Sep 22, 2008 12:42pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
gopher - daily:
If we add sundays small candle to todays candle, I think we can count todays candle as a large bearish engulfing candle. Sorry I can not eleminate sundays candle, but if I add visual sundays and mondays candle, i see a bearish engulfing candle. More downward movements are expected.
which is the big brother from gopher ? right: geppy. geppy next.
If we add sundays small candle to todays candle, I think we can count todays candle as a large bearish engulfing candle. Sorry I can not eleminate sundays candle, but if I add visual sundays and mondays candle, i see a bearish engulfing candle. More downward movements are expected.
which is the big brother from gopher ? right: geppy. geppy next.
- #3,175
- Sep 22, 2008 12:57pm Sep 22, 2008 12:57pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
geppy - daily:
as I wrote here: http://www.forexfactory.com/showpost...postcount=2710
gaps often work as a resistance, and price has now reached the gap from end of august and has problems to go higher.
Todays candle is difficult to see for me, because of the the sunday candle.
If I add sunday and monday I "imagine" a high wave candle or long legged doji.
Pretty indicision in the markets, which needs confirmation in one way or the other. If the gap is broken to the upside we might target 200, but I prefer a new low in the next week or in the near future. A real lower low. See second chart.
as I wrote here: http://www.forexfactory.com/showpost...postcount=2710
gaps often work as a resistance, and price has now reached the gap from end of august and has problems to go higher.
Todays candle is difficult to see for me, because of the the sunday candle.
If I add sunday and monday I "imagine" a high wave candle or long legged doji.
Pretty indicision in the markets, which needs confirmation in one way or the other. If the gap is broken to the upside we might target 200, but I prefer a new low in the next week or in the near future. A real lower low. See second chart.
- #3,177
- Sep 22, 2008 1:19pm Sep 22, 2008 1:19pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
a last one aud/jpy - 4 h:
a bearish engulfing candle breaking the tom demark support.
I`am expecting a drop on this one, the daily is a indicision candle,
conservative traders wait for next days (tuesdays) candle as confirmation, agressive traders enter short with tight SL Notice upper long wicks of the last 2 candles, indicating selling pressure.
Have a nice day/nite and green pips for all !
a bearish engulfing candle breaking the tom demark support.
I`am expecting a drop on this one, the daily is a indicision candle,
conservative traders wait for next days (tuesdays) candle as confirmation, agressive traders enter short with tight SL
Notice upper long wicks of the last 2 candles, indicating selling pressure.Have a nice day/nite and green pips for all !
