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Daily candle chart

  • #3,641
  • Nov 18, 2008 12:04am Nov 18, 2008 12:04am
oh, intervention from the RBA for the aud in the past days.

This explaines a lot

http://www.forexfactory.com/news.php?do=news&id=127889

And I can tell you exactly, where it happend.

I marked a highly reliable bearish reversal pattern, which has not played
out. I was shocked about this, but intervention explains a lot.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 15 KB
  • #3,642
  • Nov 18, 2008 2:59am Nov 18, 2008 2:59am
Quoting peaches
oh, intervention from the RBA for the aud in the past days.

This explaines a lot

http://www.forexfactory.com/news.php?do=news&id=127889

And I can tell you exactly, where it happend.

I marked a highly reliable bearish reversal pattern, which has not played
out. I was shocked about this, but intervention explains a lot.
I'm sure we'll be seeing much larger scale interventions all over the place as currencies will be forced into a realignment do to government agreements (hint: Coordinated Global Currency INTERVENTION a.k.a. Bretton Woods II).
One should expect the unexpected even more so now, so don't be surprise if this ride gets really bumpy folks...

"The G20 summit is talking about devaluation of all currencies / creation of new ones. (and will the Asian countries agree to this? - it will cripple their economies - will America agree to this, as it will cripple its ability to dictate global policy - the US Dollar Hegemony is dieing)".

http://ca.youtube.com/watch?v=LX2DgN...eature=related

Interesting further topic on this:
http://www.investorsiraq.com/showthread.php?p=734197#post734197
  • #3,643
  • Nov 18, 2008 4:32am Nov 18, 2008 4:32am
Quoting Aad
I'm sure we'll be seeing much larger scale interventions all over the place as currencies will be forced into a realignment do to government agreements (hint: Coordinated Global Currency INTERVENTION a.k.a. Bretton Woods II).
[b][color=DimGray]One should expect the unexpected even more so now, so don't be surprise if this ride gets really bumpy folks...

"The G20 summit is talking about devaluation of all currencies / creation of new ones. (and will the Asian countries agree to this? - it will cripple their economies...

Thanks for reply and links aad. From my newbie point of few, this is burning money. I´am not convinced that central banks can figth against the market (maybe I have not enough experience), it´s burning money in my eyes.

Pretty interisting to see, how long the dow 8000 hold.
  • #3,644
  • Nov 18, 2008 7:43am Nov 18, 2008 7:43am
after appearance a open window (on Monday) we have seen close this open window by brave buyers in the yesterday.
then we have seen representation a selloff and at the close market only with a defective gravestone doji. im speaking about a candle on a pattern.
but appearance two window in a downtrend from date 2008.11.01 till this time is important.
candlestick analysts especially Japanese says appearance two window in a downtrend is signals for continuation downtrend .
also we know that a doji no real body is very important for detection behavio traders.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 16 KB
  • #3,645
  • Nov 18, 2008 2:03pm Nov 18, 2008 2:03pm
Quoting peaches
Hussin,

what do you think about daily TNX ? Friday was a doji, thursday was a large bullish candle. Might be, that todays US session is the key for development in the next days.

down
  • #3,646
  • Nov 18, 2008 2:13pm Nov 18, 2008 2:13pm
Quoting hussin naiji
after appearance a open window (on Monday) we have seen close this open window by brave buyers in the yesterday.
then we have seen representation a selloff and at the close market only with a defective gravestone doji. im speaking about a candle on a pattern.
but appearance two window in a downtrend from date 2008.11.01 till this time is important.
candlestick analysts especially Japanese says appearance two window in a downtrend is signals for continuation downtrend .
also we know that a doji no real body is very important for detection behavio...
whether these gravestone doji are enough 4 free fall or no ??
  • #3,647
  • Nov 18, 2008 2:17pm Nov 18, 2008 2:17pm
Quoting hussin naiji
down
Attached Image
  • #3,648
  • Nov 18, 2008 3:36pm Nov 18, 2008 3:36pm
Quoting peaches
I´am not convinced that central banks can figth against the market (maybe I have not enough experience), it´s burning money in my eyes.
They can't (it's like fighting gravity by throwing things up) but unfortunately I am quite sure they will. They are all keynesians (as Nixon said when Bretton Woods I. was coming to end - "we are all keynesians now") so printing money, public spending, inflation and debt is the only answer they know. The only reasonable thing they can do now is to do nothing and let the market get rid of those unprofitable enterprises - but can anybody imagine governments doing nothing? During the crisis? That could make people to get some wrong ideas about government usefullness. And also their argument "they are to big to fail" is true in a sense - they are to big sponsors to let them fail.

So I am too expecting more socialism, regulations and government control. Hope for the best, prepare for the worst. Right now they are trying to start another bubble on top of previous (crashing) one, which is not giving me much hope. It's like treating hangover with pack of painkillers and bottle of vodka with the hope that the patient will survive one more party ... well, most likely he will not.

As for trading, I am not seeing any strong patterns on pairs I follow except for GBPUSD, which is correcting after last week move and then I hope it will go south, everything else is still consolidating, so nothing to post here. Waiting for some action
  • #3,649
  • Nov 18, 2008 3:59pm Nov 18, 2008 3:59pm
Quoting Pipsy108
They can't (it's like fighting gravity by throwing things up) but unfortunately I am quite sure they will. They are all keynesians (as Nixon said when Bretton Woods I. was coming to end - "we are all keynesians now") so printing money, public spending, inflation and debt is the only answer they know. The only reasonable thing they can do now is to do nothing and let the market get rid of those unprofitable enterprises - but can anybody imagine governments doing nothing? During the crisis? That could make people to get some wrong ideas about government...
your are absolutly right, fundamental and pattern. GBP has had very bad CPI numbers, and price has not moved that much.

Today we see a lot of neutral high wave candles, which needs
confirmation for one way or the other.

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

My bias is still bearish on yen crosses, pound and euro.

Tomorrow thetre might be a decission for the rest of the week.

Dow has been protected at 8.100 (again) today, but we have a trendline break on tnx
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 12 KB
Click to Enlarge Name: geppy.gif Size: 13 KB
Click to Enlarge Name: eurusd.gif Size: 10 KB
  • #3,650
  • Nov 18, 2008 4:11pm Nov 18, 2008 4:11pm
Quoting Pipsy108
They can't (it's like fighting gravity by throwing things up) but unfortunately I am quite sure they will. They are all keynesians (as Nixon said when Bretton Woods I. was coming to end - "we are all keynesians now") so printing money, public spending, inflation and debt is the only answer they know. The only reasonable thing they can do now is to do nothing and let the market get rid of those unprofitable enterprises - but can anybody imagine governments doing nothing? During the crisis? That could make people to get some wrong ideas about government...
longterm there is still room for GU for 500-1000-1500 PIPS fall, but there is a lot of areas of support (have been in the past).

Maybe it will take a lot of time, a lot of ranging and a lot of patience.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
  • #3,651
  • Nov 19, 2008 1:14am Nov 19, 2008 1:14am
Peaches,TNX bearish imply Yen crosses on bearish too??I don't know TNX
It is Treasury Note X
equity,DJI is ranging so we have to patient
  • #3,652
  • Nov 19, 2008 3:45am Nov 19, 2008 3:45am
Quoting peaches
your are absolutly right, fundamental and pattern. GBP has had very bad CPI numbers, and price has not moved that much.

Today we see a lot of neutral high wave candles, which needs
confirmation for one way or the other.

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

My bias is still bearish on yen crosses, pound and euro.

Tomorrow thetre might be a decission for the rest of the week.

Dow has been protected at 8.100 (again) today, but we have a trendline break on tnx
traders must have pay attention to formation bull trap for GBPUSD
  • #3,653
  • Nov 19, 2008 6:23am Nov 19, 2008 6:23am
Quoting thang822462
Peaches,TNX bearish imply Yen crosses on bearish too??I don't know TNX
It is Treasury Note X
equity,DJI is ranging so we have to patient
please read

http://www.forexfactory.com/showpost...postcount=3182
  • #3,654
  • Nov 19, 2008 10:48am Nov 19, 2008 10:48am
weekly is not closed for geppy, but question:

Do we have on weekly geppy a White Opening Marubozu also
called as a Bullish Belt Hold ??

http://www.candlesticker.com/Cs16.asp
Attached Image (click to enlarge)
Click to Enlarge Name: gjweekly.gif Size: 13 KB
  • #3,655
  • Nov 19, 2008 11:33am Nov 19, 2008 11:33am
note
association of candles for USDYEN( H4) is very important
  • #3,656
  • Nov 19, 2008 2:52pm Nov 19, 2008 2:52pm
Looks like markets are on the move again The daily candle on USDCAD is not finished yet, but it's a good sign.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 55 KB
  • #3,657
  • Nov 19, 2008 3:40pm Nov 19, 2008 3:40pm
Quoting Pipsy108
Looks like markets are on the move again The daily candle on USDCAD is not finished yet, but it's a good sign.
yes, looks like market has realized, where the trend is .

nice breakout of a triangle, maybe targeting fibo extension levels.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad1.gif Size: 12 KB
Click to Enlarge Name: usdcad.gif Size: 13 KB
  • #3,658
  • Nov 19, 2008 3:48pm Nov 19, 2008 3:48pm
after neutral candle on tuesday, we have bearish confirmation for direction
on wednesday.

watch out for a break of this large triangle.

But maybe a bit retrace first, then down again.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 11 KB
  • #3,659
  • Nov 19, 2008 3:51pm Nov 19, 2008 3:51pm
geppy - daily:

I think we may count todays candle as a shooting star.

It is a bearish reversal pattern with low reliability:

http://www.candlesticker.com/Cs42.asp
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 13 KB
  • #3,660
  • Nov 19, 2008 3:54pm Nov 19, 2008 3:54pm
after this large bearish daily candle, direction is clear for UJ:
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 14 KB
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