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Daily candle chart

  • #3,361
  • Oct 10, 2008 5:55am Oct 10, 2008 5:55am
same situation for geppy:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: geppy4h.gif Size: 13 KB
Click to Enlarge Name: geppy.gif Size: 13 KB
  • #3,362
  • Oct 11, 2008 4:57am Oct 11, 2008 4:57am
Quoting peaches
Hi Forex007, yes, thank you. If we know the main trend, I think
this is good for timing entry. The first candle is the pattern (shooting
star or something else), the second candle is confirmation. Now,
the third candle is for taking profit
Would the same principle apply to candles with no UPPER wick?..
One Chart is Worth Ten Thousand Words.
  • #3,363
  • Oct 11, 2008 5:01am Oct 11, 2008 5:01am
Quoting peaches
notice change in trend for geppy on 4 h chart:

after 5 bearish candles, we see now a 4 hour bullish candle.
Notice change in color of last 2 candles. Change in color indicates
often a change in trend.

Last closed two 4 h candles are a tweezers bottom imho.

brave samuray hussin might enter long, conservative trader
peaches waits for confirmation and that the current 4 h candle
closes as a bullish candle.
Could it be simply a retracement to 1.7000 - 1.7500?..
One Chart is Worth Ten Thousand Words.
  • #3,364
  • Oct 12, 2008 9:40am Oct 12, 2008 9:40am
Quoting Forex007
Would the same principle apply to candles with no UPPER wick?..

Hi forex007,

no upper wick shows us, that bears have had no chance to pull back.
missing upper wick shows us big power of bulls. But I have no rule or can not forecast, in which situation there is a upper wick or not.
  • #3,365
  • Oct 12, 2008 9:46am Oct 12, 2008 9:46am
eur/usd:

If 4 h hammer is confirmed with a GAP or a bullish 4 h candle, we might see
a pullback 1,38-1,40 area. If 4 h hammer is broken to the downsite, we
will see bearish contiuation much lower...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd4h.gif Size: 11 KB
Click to Enlarge Name: eurusd_daily.gif Size: 16 KB
Click to Enlarge Name: eurusd_weekly.gif Size: 16 KB
  • #3,366
  • Oct 12, 2008 9:50am Oct 12, 2008 9:50am
gopher

with confirmation of the hammer we will see a retrace for gopher.

This hammer is very good, because long lower wick shows us big power of bulls.
Attached Image (click to enlarge)
Click to Enlarge Name: gopher_daily.gif Size: 18 KB
  • #3,367
  • Oct 12, 2008 9:58am Oct 12, 2008 9:58am
Nice analysis, Peaches.
The market is being controlled by panic and fear. Markets are spooky. Things are so scary, that the world's government leaders are meeting to solve this crisis, if possible.
Smart money has a Risk Aversion Sentiment strategy.
We need to see this sentiment subside before any meaningful trend changes are to occur.

Stand aside with cash ready to exploit some no-brainer trade opportunities this week.
  • #3,368
  • Oct 12, 2008 10:02am Oct 12, 2008 10:02am
Geppy:

Geppy is tricky.

We see the bulls have managed to pull back price with last fridays cadle.
BUT, we must also pay attention to upper wick, which shows us,
the main trend is BEAR. With luck we see repeat of history I marked in the chart.

I will not enter long, until I have confirmation with a 4 hour bullish candle of bull trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: geppy_daily.gif Size: 14 KB
Click to Enlarge Name: geppy_long1.gif Size: 22 KB
Click to Enlarge Name: geppy_long2.gif Size: 15 KB
  • #3,369
  • Oct 12, 2008 12:15pm Oct 12, 2008 12:15pm
Quoting ovaforty
Nice analysis, Peaches.
The market is being controlled by panic and fear. Markets are spooky. Things are so scary, that the world's government leaders are meeting to solve this crisis, if possible.
Smart money has a Risk Aversion Sentiment strategy.
We need to see this sentiment subside before any meaningful trend changes are to occur.

Stand aside with cash ready to exploit some no-brainer trade opportunities this week.
Hi ovaforty, nice to see you here. I àm ready to enter the market if opportunitys are offert I think we might see now price movements against the weekly trend, and when this ends, the monthly trend will continue.
  • #3,370
  • Oct 12, 2008 1:11pm Oct 12, 2008 1:11pm
Quoting peaches
eur/usd:

If 4 h hammer is confirmed with a GAP or a bullish 4 h candle, we might see
a pullback 1,38-1,40 area. If 4 h hammer is broken to the downsite, we
will see bearish contiuation much lower...
we have a gap at the oppening eur/usd, which gives us direction of trend....
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 11 KB
  • #3,371
  • Oct 12, 2008 5:24pm Oct 12, 2008 5:24pm
Hi Peaches, great work,could you please place your candlestick analysis on CADJPY

Thanks in advance
  • #3,372
  • Oct 12, 2008 10:14pm Oct 12, 2008 10:14pm
Hi stanchuks,

the daily is showing a hammer, which needs confirmation. A good sign would be, if the triangle on the 4 hour chart would be broken to the upside (this means if a 4 hour candle closes above the yellow line).

But it is a bear market for yen crosses, so it is not easy for bulls, might take time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadyendaily.gif Size: 12 KB
Click to Enlarge Name: cadyen.gif Size: 11 KB
  • #3,373
  • Oct 13, 2008 3:55am Oct 13, 2008 3:55am
I think with high hope, we may count this
gopher hammer as "confirmed" bullish....
Attached Image (click to enlarge)
Click to Enlarge Name: gopher.gif Size: 12 KB
  • #3,374
  • Oct 13, 2008 2:09pm Oct 13, 2008 2:09pm
confirmation of the fridays daily hammer for geppy. We will see bullish continuation, but maybe a small retrace during asian session before.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 13 KB
  • #3,375
  • Oct 13, 2008 2:11pm Oct 13, 2008 2:11pm
eur/usd

todays candle is a doji, an indicision candle. We might see direction tommorrow as confirmation in one way or the other.

This is a no trade atm for me.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 12 KB
  • #3,376
  • Oct 13, 2008 2:15pm Oct 13, 2008 2:15pm
we also have bullish confirmation for perfect daily hammer gopher.
tommorrow will be bullish continuation.
Attached Image (click to enlarge)
Click to Enlarge Name: gopher.gif Size: 13 KB
  • #3,377
  • Oct 13, 2008 2:19pm Oct 13, 2008 2:19pm
notice change in trend for usd/cad.

change in trend is signaled by change of green candles to red candle.

This is a perfect short. I have no pattern name for this,
maybe harami candle.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 11 KB
  • #3,378
  • Oct 13, 2008 2:22pm Oct 13, 2008 2:22pm
eur/aud

same situation for eur/aud, this is (after a small retrace maybe) a no brain trade.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 12 KB
  • #3,379
  • Oct 13, 2008 2:28pm Oct 13, 2008 2:28pm
GU - daily:
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 13 KB
  • #3,380
  • Oct 13, 2008 2:31pm Oct 13, 2008 2:31pm
NZD/USD:

first a small retrace, but then bulls are in play

Has somebody seen Hussin ?

Is he buying Hawaii ?

Good night and green PIPS for all
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 13 KB
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