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Daily candle chart

  • #3,281
  • Oct 4, 2008 6:11am Oct 4, 2008 6:11am
Quoting fxhunger
This is an interesting thread. It is the first time I'm reading it.

Thanks guys
You are welcome !
  • #3,282
  • Oct 5, 2008 5:42am Oct 5, 2008 5:42am
in the monthly candle chart AUDUSD ,if we have pay attention to green zone ,this observation shows us that a series blue candles showing the diminishing power of the longs.then we have seen a selloff and after a form bearish engulfing pattern in the top.
now i see forming a identical 3 crows bearish pattern (of course defective)
dear all , always be aware of the longer-term picture.
also attention to candlestick real bodies ,an accumulation of real body highs or lows at a given level is significant
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  • #3,283
  • Oct 5, 2008 6:23am Oct 5, 2008 6:23am
we know criteria for a truth hammer
1- the real body is at the upper end of the trading range.the color of the real body is not important.
2-a long lower wick should be twice the height of the real body
3-it should have no,or a very short upper wick
why why this hammer has not good work ??
a-a hammer is a bottom reversal pattern .when this line appears during a downtrend it becomes a bullish hammer .
but attention to long upper wick harami (38.2 )
in fact this hammer is only a correction for real downtrend no a reversal pattern.
i have waited for appear a hammer in this zone for start the next impluse wave
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  • #3,284
  • Oct 5, 2008 6:26am Oct 5, 2008 6:26am
i think ,no need for daily candle chart AUDUSD
  • #3,285
  • Oct 5, 2008 6:27am Oct 5, 2008 6:27am
hi hussin...

how are you?

well you please post some thing about G/U?

thanks in advance...
  • #3,286
  • Oct 5, 2008 6:45am Oct 5, 2008 6:45am
Quoting nedal26
hi hussin...

how are you?

well you please post some thing about G/U?

thanks in advance...
hi nedal
i have problem with dial up ,still im waiting for new internet connection
but for you pls look weekly candle chart GBPUSD
have a nice time and more green pips for dear all
hussin
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  • #3,287
  • Oct 5, 2008 8:57am Oct 5, 2008 8:57am
thanks hussin ...

best wishes for you and all traders..
  • #3,288
  • Oct 5, 2008 9:49am Oct 5, 2008 9:49am
EUR/USD

Last daily candle was a neutral candle:

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

On daily basis we need confirmation for trend change or trend continuation.

Weekly chart however is clear: After a shooting star

http://www.candlesticker.com/Cs42.asp

we see a large bearish candle, which might be the first from a bearish crow pattern.

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  • #3,289
  • Oct 5, 2008 10:02am Oct 5, 2008 10:02am
Quoting bkoori
Dark Cloud Cover Pattern on USDCHF daily time frame.

BK
Hi bkoori,

I`am not sure, if last fridays candle is a dark cloud cover,
please read for definition of dark cloud cover:
http://www.candlesticker.com/Cs48.asp

The weekly candle pattern is clear:

Two weeks before, we have seen a hammer. A hammer is a reversal pattern, which needs conformation in trendchange.

http://www.candlesticker.com/Cs18.asp

Last week we have seen impressive confirmation of hammer.

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  • #3,290
  • Oct 5, 2008 10:24am Oct 5, 2008 10:24am
UJ:


The daily chart shows for friday a neutral highwave candle or maybe doji. Opening and closing price has been nearly the same. The Bulls have taken the price up till 106, which was a pretty good entry for short. But bears have managed it, to take price down.

However last 2 weeks weekly candles, we see large lower wicks, the price
bounced from 103.6, this is indication for a pretty though support. If this is broken, price might find new support around 102.5 to retest 103.6 before heading lower.

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  • #3,291
  • Oct 5, 2008 10:36am Oct 5, 2008 10:36am
E/J:

Last Fridays candle was a neutral candle. We have seen some before, I marked some on the daily chart.

Weekly chart is clear:

After a weekly high wave candle 2 weeks before, we have seen confirmation of more bearish movements with last weeks candle.

Next main targets on my chart is 142.600 and then 140.

Fundamentels here in eur-land are extremly euro bearish, because this
weekend a 49 billion $ bailout plan for Hypo Real Estate has failed:

http://www.bloomberg.com/apps/news?p...rgA&refer=home

Interesting to see, how markets will react.
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  • #3,292
  • Oct 5, 2008 3:12pm Oct 5, 2008 3:12pm
we have large gaps for different currencys.

I hope they will be filled soon, to give me
a better entry price for short these one.
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  • #3,293
  • Oct 5, 2008 5:43pm Oct 5, 2008 5:43pm
Peaches, thanks alot for your reply.

It's indeed a bearish engulfing but there is a bullish window opened today. I will go short ONLY IF there is a selling presure after closing the gap which will result on a break down below the friday's low.

Until so I am waiting and my finger is ready to shoot.

Have a nice and sweet green pips .

BK

Quoting peaches
Hi bkoori,

I`am not sure, if last fridays candle is a dark cloud cover,
please read for definition of dark cloud cover:
http://www.candlesticker.com/Cs48.asp

The weekly candle pattern is clear:

Two weeks before, we have seen a hammer. A hammer is a reversal pattern, which needs conformation in trendchange.

http://www.candlesticker.com/Cs18.asp

Last week we have seen impressive confirmation of hammer.

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  • #3,294
  • Oct 5, 2008 7:22pm Oct 5, 2008 7:22pm
be aware for sushi
103.50 is 3 river bottom
  • #3,295
  • Oct 6, 2008 12:36am Oct 6, 2008 12:36am
Quoting hussin naiji
be aware for sushi
103.50 is 3 river bottom

  • #3,296
  • Oct 6, 2008 12:37am Oct 6, 2008 12:37am
on eur/usd 4 h chart we see three inside down pattern.

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

continuation on the downtrend
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  • #3,297
  • Oct 6, 2008 12:39am Oct 6, 2008 12:39am
after a shooting star, we see the same pattern on GU 4 h chart.
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  • #3,298
  • Oct 6, 2008 12:44am Oct 6, 2008 12:44am
E/J is entering a zone, where there is some support now, but I`am done with the yen-crosses for this week

have to go to work now, green pips to all
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  • #3,299
  • Oct 6, 2008 1:46am Oct 6, 2008 1:46am
Quoting hussin naiji
in the monthly candle chart AUDUSD ,if we have pay attention to green zone ,this observation shows us that a series blue candles showing the diminishing power of the longs.then we have seen a selloff and after a form bearish engulfing pattern in the top.
now i see forming a identical 3 crows bearish pattern (of course defective)
dear all , always be aware of the longer-term picture.
also attention to candlestick real bodies ,an aniccumulation of real body highs or lows at a given level is significant
nicely see 0.7440 for AUDUSD
THANKS GOD FOR GREEN PIPS IN THE PAST HOURS
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  • #3,300
  • Oct 6, 2008 4:43am Oct 6, 2008 4:43am
Hi Hussin would I be right in saying that 630 is 75% of the initial 830 and your target was the final 25%?



Quoting hussin naiji
nicely see 0.7440 for AUDUSD
THANKS GOD FOR GREEN PIPS IN THE PAST HOURS
On-site guru & also FF member's' psychiatrist, when not drinking tea
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