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Daily candle chart

  • #3,741
  • Dec 4, 2008 6:14pm Dec 4, 2008 6:14pm
Quoting peaches
Have a look at the result of the umbrella line for geppy:

will history repeat itself complete ????

I hope it does.

I have pending shorts stacked every 100 below the DP,
& 1 pending long 150 above the DP.

Let's see how this plays out....


I trade what I see on my charts. Do Not listen to the Muppets.
  • #3,742
  • Dec 7, 2008 8:32am Dec 7, 2008 8:32am
where are you hussin and peaches?
  • #3,743
  • Dec 7, 2008 10:14am Dec 7, 2008 10:14am
Quoting nedal26
where are you hussin and peaches?
weekend
  • #3,744
  • Dec 7, 2008 10:28am Dec 7, 2008 10:28am
enjoy it peaches ...

but i need some thing please..

clear view on GPBUSD...

i think that i stuck with it many lots...
  • #3,745
  • Dec 7, 2008 11:10am Dec 7, 2008 11:10am
First chart is the ten year treausury note:

For the first time, in the last 2 weeks we see rising price for the TNX. The cause was -maybe- the bad us unemployment data on friday, so
traders bought tnx for a save heaven.

But it is pretty difficult to say, if this bullishnes in the tnx will last,
or if it was just news driven. We will see in the beginning of the first days of the week during US session.
Attached Image
  • #3,746
  • Dec 7, 2008 11:20am Dec 7, 2008 11:20am
Quoting nedal26
enjoy it peaches ...

but i need some thing please..

clear view on GPBUSD...

i think that i stuck with it many lots...
I can only say what my charts are telling me, and these
charts are not very clear, because last trading week is over,
and next has not began now.

On the long term monthly chart we see, that we are at an area,
where price has been bouncing around for month. It has been in the past from 1991-1994 and also 1998 - 2002.

The weekly chart is showing us a large bearish candle, this
may be an indication for a further drop.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gulongterm.gif Size: 15 KB
Click to Enlarge Name: guweek.gif Size: 14 KB
  • #3,747
  • Dec 7, 2008 11:25am Dec 7, 2008 11:25am
On GU daily chart we have seen a hammer on thursday, which is a reversal pattern, but a hammer is low reliability, and on friday we have
seen doji, an indicision candle.

I think it is to early, if we can say if thursdays hammer is failed, or will
result a bullish move with the beginnign on the trading week.

The 1 h chart is much more clear:

We see a downtrending channel.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: guday.gif Size: 12 KB
Click to Enlarge Name: gu1h.gif Size: 14 KB
  • #3,748
  • Dec 7, 2008 11:39am Dec 7, 2008 11:39am
The daily candle for geppy on friday is not a pattern.

But what i see in the past was a doji line or umbrella line. It was in september.

And after this in the past we have seen several candles, and which lok the same like the candles after the doji line in the end of november.

IF history repeat we will see a top during asia session and a large big drop
tommorrow for geppy.

Just compare the shape, the color, the wicks from the candles after the doji line in septemper, with the candles after the doji line in the end of november.

But carefully, the picture may change with the beginning US session, because of the bullish TNX.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 13 KB
  • #3,749
  • Dec 7, 2008 12:39pm Dec 7, 2008 12:39pm
i wont add any replay before u complete ur charts for others pairs but i have to say,,, thank you very much peaches...
  • #3,750
  • Dec 7, 2008 2:13pm Dec 7, 2008 2:13pm
Quoting peaches
On GU daily chart we have seen a hammer on thursday, which is a reversal pattern, but a hammer is low reliability, and on friday we have
seen doji, an indicision candle.

I think it is to early, if we can say if thursdays hammer is failed, or will
result a bullish move with the beginnign on the trading week.

The 1 h chart is much more clear:

We see a downtrending channel.
Doji suppose a reversal no ?
Trade at Your Own Risk.
  • #3,751
  • Dec 7, 2008 2:47pm Dec 7, 2008 2:47pm
Quote
and on friday we have
seen doji, an indicision candle.

per peaches
Don't chase the market, Let the market come to you
  • #3,752
  • Dec 7, 2008 3:37pm Dec 7, 2008 3:37pm
Quoting Marko31
Doji suppose a reversal no ?
A doji is showing indecision between buyers and sellers, there are dojis in an uptrend, or in a downtrend, a doji is not a save pattern for anything.

I have seen also doji in the middle of a trend, just as a pause:

http://www.candlesticker.com/Cs28.asp

I`am thinking of a bearish continuation during london and a visit of 130 for geppy, but during US session this might change because of the bullish tnx I mentioned before.

Best of start trading is late monday or beginning tuesday.
  • #3,753
  • Dec 7, 2008 4:31pm Dec 7, 2008 4:31pm
Quoting peaches
A doji is showing indecision between buyers and sellers, there are dojis in an uptrend, or in a downtrend, a doji is not a save pattern for anything.

I have seen also doji in the middle of a trend, just as a pause:

http://www.candlesticker.com/Cs28.asp

I`am thinking of a bearish continuation during london and a visit of 130 for geppy, but during US session this might change because of the bullish tnx I mentioned before.

Best of start trading is late monday or beginning tuesday.
Thx for theses explanations
Trade at Your Own Risk.
  • #3,754
  • Dec 9, 2008 3:37pm Dec 9, 2008 3:37pm
Hello everybody. Lets have some look at the charts:

The daily EUR/USD chart is showing a bearish hanging man.

A surprise would be a daily bearish shooting star by tomorrow end,
with his upper wick at 1.3050.

Based on the hanging man, I see a range for eur/usd between
1.3050 and 1.24. So right now, we are in the upper part of the range, and maybe a opportunity for a short.

Based on the dollar index I see bottom forming today or maybe tommorrow,
and a bullish dollar in the next days, if not tommorrow, then on wednesday + friday.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 12 KB
  • #3,755
  • Dec 9, 2008 3:41pm Dec 9, 2008 3:41pm
On GU daily, we see a black opening marubozu, which is a low reliability bearish candlestick:

http://www.candlesticker.com/Cs24.asp

If the yellow trendline breaks, we might see GU below 1.45.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 12 KB
Click to Enlarge Name: gu4.gif Size: 14 KB
  • #3,756
  • Dec 9, 2008 3:48pm Dec 9, 2008 3:48pm
usd/jpy has had a daily pattern yesterday, a perfect doji, nearly a gravestone doji. This low reliability pattern has played out today with bearish daily candle.

It is hard to say, if we see more bearish continiuation tommorrow, because we have seen a doji followed by a bearish daily candle, and on the third day a bullish daily pattern.

So I have no clear pattern, I won´t trade this.

The 4 h pattern might close as a bullish hammer in 15 min, but...hm...is it worth a trade ?

I wait and watch a bit, if this hammer is succesfull on lower timeframes.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: sushi4.gif Size: 12 KB
  • #3,757
  • Dec 9, 2008 3:52pm Dec 9, 2008 3:52pm
Geppy has had a black opening marubozu today, too.

The bearish view on the yen crosses is confirmed by the TNX today. On monday we have seen a hanging man for tnx, and today a bearish candle for confirmation.

If the bearish trend continuous, we see geppy visiting the lows from april 1995 at 129.50-130.50 in the next days.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 13 KB
  • #3,758
  • Dec 9, 2008 3:56pm Dec 9, 2008 3:56pm
The USDCAD looks like a piercing line pattern to me
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 13 KB
  • #3,759
  • Dec 9, 2008 3:59pm Dec 9, 2008 3:59pm
The eur/chf is a neutral high wave candle:

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

Take care for trying to catch the top, short is against the weekly trend
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 14 KB
  • #3,760
  • Dec 9, 2008 4:01pm Dec 9, 2008 4:01pm
Okay, that is it, nice trading everybody

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