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Daily candle chart

  • #3,301
  • Oct 6, 2008 5:59am Oct 6, 2008 5:59am
E/J is just sitting on the weekly fibo support line,
and I can not see any kind of pattern, which would indicate
a reversal. If this breaks during New York session, there
might be big SL hitting, which would bring EJ much more down.
I think full 100 % fibo level is just a matter of time, days
or a few weeks.
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  • #3,302
  • Oct 6, 2008 6:08am Oct 6, 2008 6:08am
On geppy we have see on the 1 h chart a falling three method (a bearish continuation pattern).

On the 4 h chart we have seen a neutral high wave candle. If the current
4 hour candle closes bearish, we will have more bearish continuation.

But look out on the weekly, I have marked a big support zone between
180-179. I will look out there for a reversal pattern on lower
timeframes.
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  • #3,303
  • Oct 6, 2008 7:57am Oct 6, 2008 7:57am
Quoting hussin naiji
now after close window , can we see 182 for GJ ??
yes easily
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  • #3,304
  • Oct 6, 2008 8:01am Oct 6, 2008 8:01am
Quoting Bones
Hi Hussin would I be right in saying that 630 is 75% of the initial 830 and your target was the final 25%?
hi Bones
830*75%=x
x*75%=y
previous weekly close - y
  • #3,305
  • Oct 6, 2008 8:10am Oct 6, 2008 8:10am
forming bullish doji pattern or bullish morning doji star pattern usdyen H4 ??
  • #3,306
  • Oct 6, 2008 8:12am Oct 6, 2008 8:12am
Quoting hussin naiji
forming bullish doji pattern or bullish morning doji star pattern usdyen H4 ??

Afternoon Husin...long time not seen you here. How's your internet connection? Hope doing well.
  • #3,307
  • Oct 6, 2008 3:58pm Oct 6, 2008 3:58pm
Geppy - Daily and 4 h chart:

We have seen today a nice 1000 PIP drop. The daily chart is
showing us a large bearish candle after last sundays gap.
If we look back in time, after a downward gap,
there often has been more then one bearish days....

On the other hand, if we look at the 4 hour chart, we see
a bullish matching low pattern:

http://www.candlesticker.com/Cs35.asp

This pattern is a bulish reversal pattern with medium
reliability which needs confirmation.

We have seen this pattern before on the 4 hour chart, I marked it,
in the chart.
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  • #3,308
  • Oct 6, 2008 4:03pm Oct 6, 2008 4:03pm
A/J 4 h chart:

we have the same pattern, as with geppy, BUT AUD is different tonight.

There is a rate cut in a few hours, which should effect this
currency very very strong. Maybe we will see new lows,
if price goes with the weekly trend. But to be honest:
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  • #3,309
  • Oct 6, 2008 4:08pm Oct 6, 2008 4:08pm
U/J Daily:

After break of 103.600 we see large drop on this cross, with support
~ 100. I have no pattern for this, but a retest of this former support
103.600 to proof now new resistance sound logic to me. Around 103.600
I will look out for a bearish pattern. But again, I have no bullish
pattern for this atm.

To go long is a countertrend trade
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  • #3,310
  • Oct 6, 2008 4:14pm Oct 6, 2008 4:14pm
Right so target was 75% of the second candle -472 off that candles close.

Cheers Hussin


Quoting hussin naiji
hi Bones
830*75%=x
x*75%=y
previous weekly close - y
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #3,311
  • Oct 6, 2008 4:18pm Oct 6, 2008 4:18pm
GU daily:

After an indicison candle last friday, we have seen a large
bearish candle for GU today. I can not see a confirmed bullish
candle, but price is near the monthly 50 % fibo level.

After break of this level (which might take a bit time), we will
see 1.65.
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  • #3,312
  • Oct 6, 2008 4:24pm Oct 6, 2008 4:24pm
Quoting bkoori
Dark Cloud Cover Pattern on USDCHF daily time frame.

BK
Hi, bkoori,

I hope you havenīt gone short on swissy, there are more
bulls to come...

done for today, good night
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  • #3,313
  • Oct 6, 2008 4:34pm Oct 6, 2008 4:34pm
Quoting peaches
Hi, bkoori,

I hope you havenīt gone short on swissy, there are more
bulls to come...

done for today, good night

Of course I didnt, I have mentioned I wouldnt go short unless there is a breakdown of friday's low.

BK

Quoting bkoori
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
  • #3,314
  • Oct 6, 2008 4:38pm Oct 6, 2008 4:38pm
peaches: I agree, there will be more highs on swissy.

BK
  • #3,315
  • Oct 7, 2008 12:28am Oct 7, 2008 12:28am
Quoting bkoori
peaches: I agree, there will be more highs on swissy.

BK

Green PIPS to you

We may have a kind of tweezers top here on the 4 h swissy chart, and price is on the way down, but this gives us a better entry for long.
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  • #3,316
  • Oct 7, 2008 1:33am Oct 7, 2008 1:33am
I am just starting to learn candlestick analysis, and the inspiration for that comes from this thread. I bought a Nison book, and I've been reading this thread for awhile.

I was looking at the EUR/JPY and I saw a hammer on the 4hr, followed immediately by a doji! Then, on the daily I see a piercing pattern ..
er, I thought it was a piercing pattern, but now I'm not sure it meets the criteria...
Do you think the karate kid knows kung-fu?
  • #3,317
  • Oct 7, 2008 1:45am Oct 7, 2008 1:45am
Quoting ddblue
I am just starting to learn candlestick analysis, and the inspiration for that comes from this thread. I bought a Nison book, and I've been reading this thread for awhile.

I was looking at the EUR/JPY and I saw a hammer on the 4hr, followed immediately by a doji! Then, on the daily I see a piercing pattern ..
er, I thought it was a piercing pattern, but now I'm not sure it meets the criteria...

Hi ddblue,

nice to see you here. Try to start with higher timeframes, daily for examples, because it has more reliability. If you see a pattern, wait for confirmation of this pattern. Have a good money management, donīt
risk more then 2 % each trade. Have a lot of patience, forex is not getting rich quick.

Last time I have seen a chart, I thougt the yen-crosses are starting to fill
last sundays gap. But bullish is against the main trend, so sentiment of traders may change quick. Good luck, and green pips to you
  • #3,318
  • Oct 7, 2008 5:55am Oct 7, 2008 5:55am
key-chart for direction of yen crosses during new york session:

aud/jpy - 4h:

IF we have a close of the current candle below the last bullish candle (green),
we have three inside down pattern:

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

Continuation of bearish movement


The current bar is at the moment under development.
Attached Image (click to enlarge)
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  • #3,319
  • Oct 7, 2008 5:58am Oct 7, 2008 5:58am
eur/usd 4 h:

last closed candle was a high wave candle, which is neutral.
If current candle closes bearish, we will see bearish
continuation. If current candle closes green, we might have
a bullish movement.
Attached Image (click to enlarge)
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  • #3,320
  • Oct 7, 2008 11:52am Oct 7, 2008 11:52am
geppy 4 h:

the bullish attack of the yen crosses have failed on my charts, no filling of last sundays gap.

I have left one 4 hour candle before daily close, and I see big bearish power.

Signal for this, is a candlestick, which I have not seen very often:

a gravestone doji.
Attached Image (click to enlarge)
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