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Daily candle chart

  • #4,181
  • Jan 20, 2009 11:58am Jan 20, 2009 11:58am
Quoting hussin naiji
hi gidi
pls you can show to me daily canlde chart EURAUD ?



sorry hussin. just saw your request for the chart.


good day to you .

gidi
  • #4,182
  • Jan 20, 2009 12:22pm Jan 20, 2009 12:22pm
Quoting Bones
Id be careful about trading against the $ right now though there dose seem to be a pull back on the cards, you may need to be very nimble….as a test of the low may well happen and entry could be better
To be honest Im not sure a Quick profit is what this thread is about Nagen
Personally im waiting to daily close now.

I really appreciate your comments bones thanks again
  • #4,183
  • Jan 20, 2009 1:13pm Jan 20, 2009 1:13pm
Hi all,

watch out for EJ, it is at a critical area, like GU was yesterday.

If this area is broken, watch out for a sell off. My longterm target
remains ~106

Yen index is bullish, eur is bearish, tnx might be a daily shooting star.

All cards are showing a big sell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 16 KB
Click to Enlarge Name: ejmonth.gif Size: 14 KB
  • #4,184
  • Jan 20, 2009 1:30pm Jan 20, 2009 1:30pm
Quoting Bones


I found this story which could be fuelling the rise ?
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4249536/Treasury-plans-bad-bank-to-buy-toxic-assets.html
I’m thinking this was a classic buy the rumour sell the news event.
(the UK Gov buying toxic debt)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #4,185
  • Jan 20, 2009 1:32pm Jan 20, 2009 1:32pm
Quoting Nagen
Dear Hussin, Peaches, Bones and all my friend here in this thread, Do you think these EG, GCHF, GU, GY, UCAD AND UCHF are healthy to take quick profit ? I know it's against the major trend but looks like it's gonna be retrace little bit in 4 hours.
Hi nagen, it is very importend, that you do make analyses, and trust daily candle charts. At the end of analyses you set your personal target. It is very importend to set targets, based on your analyses.

You are able to do mathmatic for every daily candle counting pip from high
to low. So you have nearly an average PIP for a daily candle. Also notice, that some pairs like to reverse very short term around numbers, or .3, .5, .8.. This is different from pair to pair.

Keep in mind, daily candle rule lower time frame. So 4 h candle might be broken with daily candle power.

I know what you mean for GBPCHF, 4 h timeframe, with long lower wick. But lower wick is just result of a fibo-retrace 50%.

I do take some profit in between, of cause, but I stay away doing new entry, if my daily target is near.

Have a nice day

Weekly 3 bearish crows on GBPCHF ? Maybe, maybe, but donīt trust a weekly candle until it is closed.
Attached Image(s) (click to enlarge)
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  • #4,186
  • Jan 20, 2009 2:47pm Jan 20, 2009 2:47pm
Quoting peaches
Hi nagen, it is very importend, that you do make analyses, and trust daily candle charts. At the end of analyses you set your personal target. It is very importend to set targets, based on your analyses.

You are able to do mathmatic for every daily candle counting pip from high
to low. So you have nearly an average PIP for a daily candle. Also notice, that some pairs like to reverse very short term around numbers, or .3, .5, .8.. This is different from pair to pair.

Keep in mind, daily candle rule lower time frame. So 4 h candle might be broken...

Thank you peaches very helpful notes, appreciate man
  • #4,187
  • Jan 20, 2009 4:04pm Jan 20, 2009 4:04pm
Ggblfx is bearish, usdlfx is bullish.

~ 600 daily pips.

1,33 anyone for GU ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gumonth.gif Size: 15 KB
  • #4,188
  • Jan 20, 2009 4:14pm Jan 20, 2009 4:14pm
GBPCHF:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 11 KB
  • #4,189
  • Jan 20, 2009 4:30pm Jan 20, 2009 4:30pm
Yen is bullish, euro is bearish, how about EJ 110?

Notice on weekly broken hammer.

If a candlestick pattern is not successfull, this is
also something to think about.

Good night.

Well, thinking more, 110 is a bit far, maybe 112.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 12 KB
Click to Enlarge Name: ejweekly.gif Size: 10 KB
  • #4,190
  • Jan 20, 2009 4:31pm Jan 20, 2009 4:31pm
Hey Peaches and everyone

I agree on $ Strength
Attached Image (click to enlarge)
Click to Enlarge Name: 20 usd,lfx 19-01-09.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #4,191
  • Jan 20, 2009 4:36pm Jan 20, 2009 4:36pm
a last one:

notice area of support for eur light index.

If this support does not hold (and it wonīt - what bad data today),
we see eur pairs moving (down).
Attached Image (click to enlarge)
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  • #4,192
  • Jan 20, 2009 4:53pm Jan 20, 2009 4:53pm
Yes Jpy strong
Eur weak,which means Chf weak 1.1500 (or yest high)has got to go first,poss 3 soldiers too which would stand to reason though not as stong as the index.
Attached Image (click to enlarge)
Click to Enlarge Name: 20 usd,,chf 19-01-09.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #4,193
  • Jan 21, 2009 2:33am Jan 21, 2009 2:33am
I had tech problems last night but was going to say sell cable at 1.4 target 1.35 with 3 crows in mind.
Attached Image (click to enlarge)
Click to Enlarge Name: 20 gbp-usd 20-01-09.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #4,194
  • Jan 21, 2009 2:37am Jan 21, 2009 2:37am
Only thing with the crows and soildiers pattern is the open needs to be inside the previous candle

Quoting Bones
I had tech problems last night but was going to say sell cable at 1.4 target 1.35 with 3 crows in mind.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #4,195
  • Jan 21, 2009 2:41am Jan 21, 2009 2:41am
Good call Tone. Isn't it so frustrating when those tech problems happen.
I got in at 1.3870.
I hope managed to get a trade on.
Rob

Quoting Bones
I had tech problems last night but was going to say sell cable at 1.4 target 1.35 with 3 crows in mind.
  • #4,196
  • Jan 21, 2009 2:50am Jan 21, 2009 2:50am
Yep im in Rob
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #4,197
  • Jan 21, 2009 4:58am Jan 21, 2009 4:58am
hello everyone,good to see that you guys are really doing good and great.i was wondering if GBPUSD is still bearish cos i feel it is still bearish, and seeing what you guys have said on here,bones, price action, peaches...my doubts have been reduced and removed...lol

i had a very bad week to start with sincerely cos i exited most of my trades too early cos i trade from a cybercafe, i dont have internet at home and i even made some losses trying to scalp...but anyway. i hope i will make up for my lost pips today.

if i may ask you bones, why did you make 1.35000 your target for the gbpusd?what are your rules for setting targets?


Buy when price is going up and Sell when price is going down...always do what price is doing.
  • #4,198
  • Edited 5:41am Jan 21, 2009 5:21am | Edited 5:41am
Well 1.4 was the original target. When we closed under I thought that was adding to bearish scenario.
When you look there is very little in the way of support from here .I use monthly pivots as a guide to where we are and the monthly S2 is there at 1.3506.
There dose also seem to be a minor price pivot Zone (drawn by eye) there from the past .Also I was thinking the $ would rise over the day.
It may not make that number I don’t know we may be looking at the low for the week as we have come so far it incredible.

The original target of 1.4 was a pretty clear support from the past.

Tony
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd , monthly,21th jan09.gif Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #4,199
  • Jan 21, 2009 5:28am Jan 21, 2009 5:28am
Quoting Bones
Well 1.4 was the original target. When we closed under I thought that was adding to bearish scenario.
When you look there is very little in the way of support from here .I use monthly pivots as a guide to where we are and the monthly S2 is there at 1.3506.
There dose also seem to be a little price pivot (drawn by eye) there from the past .Also I was thinking the $ would rise over the day.
[font=Calibri][size=3]It...
Always enjoy lurking, reeading and learning from you guys. Keep up the great work and remember that even though it may not be said, your input is greatly appreciated.

  • #4,200
  • Jan 21, 2009 5:36am Jan 21, 2009 5:36am
Hey man thanks,dont be a lurker with your experiance you could help us!
On-site guru & also FF member's' psychiatrist, when not drinking tea
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