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Daily candle chart

  • #3,901
  • Jan 5, 2009 8:46am Jan 5, 2009 8:46am
Hi All,

on daily GBPCHF we have a bullish morning star pattern (nearly a morning doji star), just saw it too late. last week was a hammer.

daily avg. range is very high for GBPCHF lately, compare these:

Daily Avg Range EUR/USD 5 days (pips) 240 30 days (pips) 248 90 days (pips) 257 200 days (pips) 194
Daily Avg Range GBP/USD 5 days (pips) 230 30 days (pips) 297 90 days (pips) 328 200 days (pips) 235
Daily Avg Range EUR/JPY 5 days (pips) 179 30 days (pips) 254 90 days (pips) 373 200 days (pips) 246
Daily Avg Range GBP/JPY 5 days (pips) 233 30 days (pips) 319 90 days (pips) 483 200 days (pips) 333
Daily Avg Range GBP/CHF 5 days (pips) 328 30 days (pips) 355 90 days (pips) 342 200 days (pips) 261
Attached Image(s) (click to enlarge)
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Invincibility lies in the defence, the possibility of victory in the attack
  • #3,902
  • Jan 5, 2009 11:20am Jan 5, 2009 11:20am
Tis is all I saw today. I wait for candle closed.

BUT

I didn't trade either of this. The feels doesn't get right. Stoch doesn't really happen in my favor. I let all of this boat goes.

EURAUD 1.8085 as TP. But will you dare to short after such a big drop market? We wont have retracement?

AUDCAD We currently retesting the TL we broke. But the SToch showing oversold. How am I going to enter while STOCH showing oversold?

EURCAD Solid BLUE TL broken. But it breaks too far away. You dare?

AUDJPY We break the TL, but stoch oversold.
Attached Image(s) (click to enlarge)
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  • #3,903
  • Jan 5, 2009 4:27pm Jan 5, 2009 4:27pm
Quoting peaches
Hi thang,

I agree with your pending short.

First target is 1.335 on my chart.
Now, look what Mr. Chen is posting in his chart of the day, hours and hours
later after my post:

http://www.forexfactory.com/news.php?do=news&id=142561

The power of candlesticks are doing very well and pretty early.
  • #3,904
  • Jan 5, 2009 4:34pm Jan 5, 2009 4:34pm
Quoting sonicdeejay
EJ is kinda of Doji....
Possible lossin momentum of bull...
I see someone is using Gann Hi Low...

Sonic
Gann line is only additional information for me, nothing to do in this thread

Looks like a drop for eur/jpy in on the way. The eur starts geting bearish, and the yen index might found a bottom today/tommorrrow. Mix this togeher, and we might see a drop to 121.300.

Today is a high wave daily candle on this pair, so neutral/indicision. It is OK, because, the eur starts his drop, and the yen was bearish, the result is todays daily candle.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 13 KB
  • #3,905
  • Jan 5, 2009 4:38pm Jan 5, 2009 4:38pm
Quoting eneloop
When will the Bearish Trending Candle ends? Will we continue to witness new low or a reversal is coming?
The pound was bullish against the yen, the usd and the swiss franc today. But I think, this is only temporarily, traders are moving price higher to get a better entry for a bigger profit when it starts falling.

The fundamentals for the pound have not changed, so this is not a true reversal imho.
  • #3,906
  • Jan 5, 2009 4:42pm Jan 5, 2009 4:42pm
USD/CHF without words
Attached Image (click to enlarge)
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  • #3,907
  • Jan 6, 2009 5:09am Jan 6, 2009 5:09am
Quoting peaches
Hy phillip, hussin and all, nice to be back for analyses.

My charts for gold are not clear depending on the timeframe we are looking at.

The daily has had a hanging man pattern, and price is near a trendline, so price might fall.

But we have no confirmation on the weekly chart for a change in trend, because last weeks candle was a bullish one/indcision, but not bearish.

More confusing is the monthly chart: If we see 1030 as a top, and 680 as a temporarily bottom, the last 3 month candles are a bullish reversal pattern, a three inside...
Hi Peaches,

thats my view on gold:

target: 950
Attached Image (click to enlarge)
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Invincibility lies in the defence, the possibility of victory in the attack
  • #3,908
  • Jan 6, 2009 5:17am Jan 6, 2009 5:17am
Quoting hussin naiji
hi
thanks my good friend
i have read your pm to me
im very happy
but Bounes ,agree with your point of view about monthly candle chart USDCHF.
but Bounes , you must have pay attention :
1-whether USDCHF was in a uptrend or only a retracement
2-this pattern is with low reliability
but also if we look CHFLFX WEEKLY ,we can see a shooting star pattern.
this pattern can increase reliability for fooling three soldiers pattern.
hi Bounes now we can see a good work by bearish shooting star in CHF LFX weekly
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  • #3,909
  • Jan 6, 2009 5:19am Jan 6, 2009 5:19am
Quoting silverheat
Hi All,

on daily GBPCHF we have a bullish morning star pattern (nearly a morning doji star), just saw it too late. last week was a hammer.

daily avg. range is very high for GBPCHF lately, compare these:...
thanks silver for your info
best regards
hussin
  • #3,910
  • Edited 5:43am Jan 6, 2009 5:22am | Edited 5:43am
Quoting mphpopular
Tis is all I saw today. I wait for candle closed.

BUT

I didn't trade either of this. The feels doesn't get right. Stoch doesn't really happen in my favor. I let all of this boat goes.

EURAUD 1.8085 as TP. But will you dare to short after such a big drop market? We wont have retracement?

AUDCAD We currently retesting the TL we broke. But the SToch showing oversold. How am I going to enter while STOCH showing oversold?

EURCAD Solid BLUE TL broken. But it breaks too far away. You dare?

AUDJPY We break the TL, but stoch oversold.
we can see hanging man pattern for AUD LFX DAILY and also a hanging man pattern for LFX JPY DAILY .therefore we must see a pullback for EURAUD
  • #3,911
  • Jan 6, 2009 5:44am Jan 6, 2009 5:44am
MAYBE
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  • #3,912
  • Jan 6, 2009 6:14am Jan 6, 2009 6:14am
Quoting hussin naiji
in the sometime appear a hammer is not signal a uptrend even can be stop previous trend and for a long or mid time side ways and then choice new direction .
also peaches im agree with a spring for daily USDCHF
PEACHES you are right .
even we have seen a good combination from hammer + spring
Attached Image (click to enlarge)
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  • #3,913
  • Jan 6, 2009 6:33am Jan 6, 2009 6:33am
Quoting peaches
Now, look what Mr. Chen is posting in his chart of the day, hours and hours
later after my post:

http://www.forexfactory.com/news.php?do=news&id=142561

The power of candlesticks are doing very well and pretty early.
Hi Peaches,I had short EU below 137,so far it is good
It had confirmed bearish when we saw Bearish advance block
TP1 13300
Tp 2 13000
Green pips to all
Attached Image (click to enlarge)
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  • #3,914
  • Jan 6, 2009 7:10am Jan 6, 2009 7:10am
Quoting hussin naiji
PEACHES you are right .
even we have seen a good combination from hammer + spring
okey.
A spring occurs when the bears are unable to hold prices under a broken support area.The opposite of a spring is an upthrust.
(Beyond Candlesticks-Steve Nison)
I am looking for long position when price retraces
  • #3,915
  • Jan 6, 2009 2:11pm Jan 6, 2009 2:11pm
Quoting mphpopular
Tis is all I saw today. I wait for candle closed.

BUT

I didn't trade either of this. The feels doesn't get right. Stoch doesn't really happen in my favor. I let all of this boat goes.

EURAUD 1.8085 as TP. But will you dare to short after such a big drop market? We wont have retracement?

AUDCAD We currently retesting the TL we broke. But the SToch showing oversold. How am I going to enter while STOCH showing oversold?

EURCAD Solid BLUE TL broken. But it breaks too far away. You dare?

AUDJPY We break the TL, but stoch oversold.
where is the candlestick analysis for these??

this IS a candlestick thread
Don't chase the market, Let the market come to you
  • #3,916
  • Jan 6, 2009 2:43pm Jan 6, 2009 2:43pm
4 h chart USD/JPY:

Top of the trend (yellow line)?

Bearish 3 inside out ?

very very early to say....

The current 4 h bearish candle has to close below
the last bullish 4h candle for a good bearish bias.

Dollarindex turning bearish, yen index turning bullish,
maybe the top? Conservative trader wait for confirmation
on daily candlestick pattern.
Attached Image(s) (click to enlarge)
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  • #3,917
  • Jan 6, 2009 3:43pm Jan 6, 2009 3:43pm
Quoting Tmac
where is the candlestick analysis for these??

this IS a candlestick thread
hey Tmac ,how do you feel ?
i hope that will be this year very good for you and also your the honourable family.
but Tmac .as a matter of fact that in the main the candlestick analysis ,this needs to be done carefully .also on the other part , the today and morrow are religious holiday in the Iran .therefore i have not time for hunting of candlestick formations and then candlestick analysis .
but if need be i will try to the life on this score .
about EURAUD
in all likelihood ,the EURAUD is forming a bottom (in 85xx) for to be completed half-size of three mountains . therefore ,in like manner if you read my post no:3910 (today) i have pointed to a pullback .
also if you have seen weekly candle chart EURAUD , you can recognzed a bearish 3 outside down pattern .
also waiting for see repeat a bullish 3 outside up pattern date 2008.11.02
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  • #3,918
  • Jan 6, 2009 4:31pm Jan 6, 2009 4:31pm
Quoting hussin naiji
PEACHES you are right .
even we have seen a good combination from hammer + spring

Hussin, I wish you and your family the best in these sometimes difficult times in absence of peace.
  • #3,919
  • Jan 6, 2009 4:35pm Jan 6, 2009 4:35pm
On EJ we see not a hammer, because a hammer appears in the low of a downtrend. We have seen uptrend in the last days (yellow line).

Even if tommorrow appears a shooting star (to touch 130.60), we will see fall of EJ by thursday or friday.

Have a look at the weekly, and maybe observe a change in color of candles and maybe change in uptrend.
Attached Image(s) (click to enlarge)
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  • #3,920
  • Jan 6, 2009 4:39pm Jan 6, 2009 4:39pm
On eur/usd I donīt think this is a reliable hammer. If we see short term uptrend, this will be limited to ~1.38.

Major trend is down.
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