Daily candle chart | Page 160 | 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

  • #3,181
  • Sep 23, 2008 3:20am Sep 23, 2008 3:20am
Quoting mcfbcmnfsz1
hello all,

im new to this candle formation technique.. pls need an advice here..

is it the right eu/gu candle for reversal one?
same situation for eur/usd:

short is ok as a retrace (1,45/1,46 maybe),
but main direction on this chart is up.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
  • #3,182
  • Sep 23, 2008 4:27am Sep 23, 2008 4:27am
I was asked via pm, where geppy is going because its ranging at the moment.
Thats true.

The yen crosses (well lot of currencys) are driven by the 10 year treasury
note (symbol: ^TNX). If we see direction of the TNX, we often see direction of the yen crosses.

I market some points in time, where trend was changing in the TNX. We may easy compare this with points in time for example for the geppy. So we see with a small delay in time, geppy follows ^tnx.

The tnx is now in the middle of nowhere, maybe mondays tnx candle was a shooting star, so todays candle will be very interisting to see as a confirmation in trend change or break of the shooting star to the upside.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tnx.jpg Size: 76 KB
Click to Enlarge Name: geppy.gif Size: 20 KB
  • #3,183
  • Sep 23, 2008 4:55am Sep 23, 2008 4:55am
@peaches

yes you r right, i see that i only get the target until the second FE gu.

n the 1st FE for EU 61.8%
  • #3,184
  • Sep 23, 2008 2:21pm Sep 23, 2008 2:21pm
Quoting peaches
I was asked via pm, where geppy is going because its ranging at the moment.
Thats true.

The yen crosses (well lot of currencys) are driven by the 10 year treasury
note (symbol: ^TNX). If we see direction of the TNX, we often see direction of the yen crosses.

I market some points in time, where trend was changing in the TNX. We may easy compare this with points in time for example for the geppy. So we see with a small delay in time, geppy follows ^tnx.

The tnx is now in the middle of nowhere, maybe mondays tnx candle was a shooting star, so todays candle will be very interisting to see as a confirmation in trend change or break of the shooting star to the upside.

as I said yesterday, we need confirmation in the TNX in one way or the other:

Todays candle has formed a evening star, a major reversal pattern with high reliability.

http://www.candlesticker.com/Cs72.asp

Time is nice to short yen-crosses.
Attached Image (click to enlarge)
Click to Enlarge Name: tnx.gif Size: 98 KB
  • #3,185
  • Sep 23, 2008 4:17pm Sep 23, 2008 4:17pm
aud/jpy - daily:

after mondays indicision candle we see today a bearish candle as
confirmation of downtrend. With luck we will see a 3 bearish crow pattern
to test the 81-83 area again.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 11 KB
  • #3,186
  • Sep 23, 2008 4:22pm Sep 23, 2008 4:22pm
usd/jpy- daily

one of hussin´s favorite

mondays candle was a classic high wave candle:

http://www.candlesticker.com/Cs12.asp

this candle is a neutral candle, which needs confirmation.
If I look at my chart, I see a downtrend beginning in the middle
of august. So, why not stay with the trend ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 17 KB
  • #3,187
  • Sep 23, 2008 4:27pm Sep 23, 2008 4:27pm
geppy - daily:

pretty much indicision with a doji on monday for geppy.

this might result as a reverse and continuing the down(main)trend,

OR this will end a bullish continuation pattern with target 200:

http://www.candlesticker.com/Cs87.asp

But if I look to the other yen crosses I prefer a bearish bias on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 12 KB
  • #3,188
  • Sep 23, 2008 4:32pm Sep 23, 2008 4:32pm
Quoting peaches
usd/jpy- daily

one of hussin´s favorite

mondays candle was a classic high wave candle:

http://www.candlesticker.com/Cs12.asp

this candle is a neutral candle, which needs confirmation.
If I look at my chart, I see a downtrend beginning in the middle
of august. So, why not stay with the trend ?
Hi
This my first post in this great thread iam just watching


agree withu about undecision
for now bull is protecting entrance to bearzone(below 25% stochrsi)
quite succesful for over 13 hours now

check this out
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 40 KB
  • #3,189
  • Sep 23, 2008 4:33pm Sep 23, 2008 4:33pm
GU - daily:

again an indicision candle (doji) wich needs confirmation.

I prefer a downward movement and then a bullish continuation
with target ~1.88. No help from candlesticks here, but my ichimoku indicator
gives me a pretty save buy signal.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 12 KB
  • #3,190
  • Sep 23, 2008 4:36pm Sep 23, 2008 4:36pm
Quoting 5ysfx
Hi
This my first post in this great thread iam just watching


agree withu about undecision
for now bull is protecting entrance to bearzone(below 25% stochrsi)
quite succesful for over 13 hours now

check this out

hi 5ysfx,

welcome to the thread, nice see you here.

I think we need more patience for the yen crosses, and we should keep in mind, that there was a holiday (if I am right) in asia last asian session. So, this asia session might hopefully volatile.
  • #3,191
  • Sep 23, 2008 4:56pm Sep 23, 2008 4:56pm
eur/usd - daily:

on this pair we have a very very interesting pattern developing (maybe):

There is "three inside down" on the cards:

http://www.candlesticker.com/Cs75.asp

we see mondays large green candle and the body of the candle embraces the body of tuesday candle. If wednesday candle manage to close below
mondays low, we have a valid three inside down. Lets see

I prefer a bullish continuation with target 1.4950-1,50

happy trading everyone, and good night
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 13 KB
  • #3,192
  • Sep 23, 2008 5:15pm Sep 23, 2008 5:15pm
Is this the trend continuation candle ?

usd index daily
Attached Image (click to enlarge)
Click to Enlarge Name: default.png Size: 4 KB
  • #3,193
  • Sep 23, 2008 5:42pm Sep 23, 2008 5:42pm
Quoting 5ysfx
Is this the trend continuation candle ?

usd index daily
the confirmation will come from the same pair next day daily candle
Don't chase the market, Let the market come to you
  • #3,194
  • Sep 23, 2008 6:09pm Sep 23, 2008 6:09pm
Quoting Tmac
the confirmation will come from the same pair next day daily candle
Well then
if we will see bullish USD today then daily uptrend will continue.Right ?
Attached Image (click to enlarge)
Click to Enlarge Name: default.png Size: 6 KB
  • #3,195
  • Sep 23, 2008 6:56pm Sep 23, 2008 6:56pm
Quoting 5ysfx
Well then
if we will see bullish USD today then daily uptrend will continue.Right ?
nothing right now can be counted on, indicators are garbage (always have been) news and the financial situation will make even the best candle trader winch right now.

when the market decides, after congress decides, to move it will fast, very fast regardless of what any candle chart says or any indicator you might use say.
perception right now is moving the market
Don't chase the market, Let the market come to you
  • #3,196
  • Sep 23, 2008 7:04pm Sep 23, 2008 7:04pm
Quoting Tmac
nothing right now can be counted on, indicators are garbage (always have been) news and the financial situation will make even the best candle trader winch right now.

when the market decides, after congress decides, to move it will fast, very fast regardless of what any candle chart says or any indicator you might use say.
perception right now is moving the market
i dont care about perception and any direction of the market.
i just simply asked about next candle.
  • #3,197
  • Sep 24, 2008 12:47am Sep 24, 2008 12:47am
Quoting 5ysfx
i dont care about perception and any direction of the market.
i just simply asked about next candle.
my dollar index chart. We need wednesdays candle to complete this pattern,
a three inside up:

http://www.candlesticker.com/Cs61.asp
Attached Images
  • #3,198
  • Sep 24, 2008 12:50am Sep 24, 2008 12:50am
I`am away from the computer in the next days, I hope hussin will be back back soon. Maybe the Deutsche Telekom is working on his internet connection in
teheran. In this bad case he will be offline for 2-3 month.
But I think they have better telecommunication services/providers in iran.

Nice trading everybody.
  • #3,199
  • Edited 12:32pm Sep 25, 2008 11:45am | Edited 12:32pm
Quoting 5ysfx
Well then
if we will see bullish USD today then daily uptrend will continue.Right ?
This candle should mean demand.
I think we have established a channel.

Day is not over yet but circled candle may be only longer now

TP is UTL number 1
Attached Image (click to enlarge)
Click to Enlarge Name: 44.png Size: 8 KB
  • #3,200
  • Sep 25, 2008 2:50pm Sep 25, 2008 2:50pm
sorry -very busy, not a lot of time for forex:

key chart of the day: swissy -daily

today is a hanging man - turning point for dollar
getting bearish, imho.

nice trading everyone
Attached Image (click to enlarge)
Click to Enlarge Name: swissy.gif Size: 12 KB
5 traders viewing now