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Daily candle chart

  • #5,141
  • Feb 14, 2009 8:35pm Feb 14, 2009 8:35pm
Quoting hussin naiji
HI eohater
also!
what is your view about cable ?
My Daily view of cable is to remaing bearish as well. I went into Friday with a bullish position, but I didn't see her going to 1.46. If you notice on the chart, she touched a respected trendling on Friday and the sellers came with a quickness. My daily closed candle is actually higher than it should be. My primary broker closed on Friday at 1.4358 which is lower then the prior days high or opening price. She closed under the wedge which when we broke out of it the first time, we saw 1.35 very quick. Is the green trendline on my chart create a bearish triangle with the upper red trendline? If so, and we close under the green trendline, 1.30 will be on the table.

I will not be taking a daily position on cable, but I will be watching 1.45 - 1.46 for a short entry.
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Just digging in the trenches like everyone else!
  • #5,142
  • Feb 14, 2009 8:41pm Feb 14, 2009 8:41pm
a general look from weekly CHF LFX
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  • #5,143
  • Feb 14, 2009 8:52pm Feb 14, 2009 8:52pm
Quoting eohater
My Daily view of cable is to remaing bearish as well. I went into Friday with a bullish position, but I didn't see her going to 1.46. If you notice on the chart, she touched a respected trendling on Friday and the sellers came with a quickness. My daily closed candle is actually higher than it should be. My primary broker closed on Friday at 1.4358 which is lower then the prior days high or opening price. She closed under the wedge which when we broke out of it the first time, we saw 1.35 very quick. Is the green trendline on my chart create a bearish...
eohater, i have seen similar your style in between banks traders as national west minester bank (natwast) or commerze bank of Germany
we called this style in Iran "spot"
  • #5,144
  • Feb 14, 2009 8:55pm Feb 14, 2009 8:55pm
Here's my daily view on EURO/USD

Are we in a bearish wedge? If I should see price creeping toward 1.30, I would look for a short entry with a tight SL and try and ride it through the break of the wedge. Just like when we broke the wedge on cable, she will fall hard should we get a daily close below the wedge. I can see 1.255x to 1.234x as being on the table.
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Just digging in the trenches like everyone else!
  • #5,145
  • Feb 14, 2009 8:56pm Feb 14, 2009 8:56pm
Quoting hussin naiji
eohater, i have seen similar your style in between banks traders as national west minester bank (natwast) or commerze bank of Germany
we called this style in Iran "spot"
Is this a good or bad thing?
Just digging in the trenches like everyone else!
  • #5,146
  • Feb 14, 2009 8:58pm Feb 14, 2009 8:58pm
Quoting hussin naiji
eohater, i have seen similar your style in between banks traders as national west minester bank (natwast) or commerze bank of Germany
we called this style in Iran "spot"
maybe you are or were a bank's trader ?
but bank"s traders have a special particulars . and this is high risk appetite them
  • #5,147
  • Feb 14, 2009 9:02pm Feb 14, 2009 9:02pm
Quoting eohater
Is this a good or bad thing?
this style is only special professional traders (bank's traders)
this style is very good but very hard
  • #5,148
  • Feb 14, 2009 9:11pm Feb 14, 2009 9:11pm
Quoting hussin naiji
this style is only special professional traders (bank's traders)
this style is very good but very hard
I'm not nor never been a banks trader. My style has evolved over the years. I'm not afraid to trade both directions, keeping all the time frames in consideration. As you know, the candles have a story all we have to do is understand their language. I have some setups that I'll take with my SL set for a close and reverse order. I think alot of people see my style hard because I can change directions without a thought or emotion. I trust what I see.

I've never heard my style commented on this way. I'm honored, thank you!
Just digging in the trenches like everyone else!
  • #5,149
  • Feb 14, 2009 9:28pm Feb 14, 2009 9:28pm
Quoting eohater
I'm not nor never been a banks trader. My style has evolved over the years. I'm not afraid to trade both directions, keeping all the time frames in consideration. As you know, the candles have a story all we have to do is understand their language. I have some setups that I'll take with my SL set for a close and reverse order. I think alot of people see my style hard because I can change directions without a thought or emotion. I trust what I see.

I've never heard my style commented on this way. I'm honored, thank you!
my purpose from very hard , is high knowledge .
also this is very important for me that im familiar with you
have a more green pips 4 u
best regards
hussin
  • #5,150
  • Feb 14, 2009 9:33pm Feb 14, 2009 9:33pm
Quoting hussin naiji
my purpose from very hard , is high knowledge .
also this is very important for me that im familiar with you
have a more green pips 4 u
best regards
hussin
Thank you hussin! I find your knowledge of candles to be very high and I'm looking forward to learning more from you.

More green pips for you too my friend.
EO
Just digging in the trenches like everyone else!
  • #5,151
  • Feb 14, 2009 9:59pm Feb 14, 2009 9:59pm
Here's how I look at the candles. Notice the candles circled in red, these are my bearish candles that are still the major player. The first two circled in red would make me want to be a buyer during the third candle should price near the end of the wick of the bearish candle next to it, just like I would become a seller should price near the opening price of the bearish candle next to it. To me, the third candle in red closed neutral to extremely mildly bearish. Regardless though, I'm taking the price of 1.2999, the high of the third candle circled in red as a sell area. The candle circled in blue would make me want to be a buyer half way down the wick and a seller once we get half way up the wick of the neutral candle circled in red. The candle circled in green closed lower than the prior candles open. With this close, I cannot take the candle circled in blue to be the major player over the candles circled in red. Overall bearish sentiment. I would become a buyer should price near half way down the wick of the candle circled in blue. I would want to see the movement downwards before it moves up. If it should move up, I would be looking for shorts from the wick of the candle circled in green to 1.2999. I use the 4h, 1h, and 15m to time my entries. This is not to say that I would not take a position from the opening or through movement targeting the upper area for a reverse and same with taking a position targeting the low and lower. This is just my view on the daily and I'll take these areas to my lower time frames.
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Just digging in the trenches like everyone else!
  • #5,152
  • Feb 15, 2009 6:42am Feb 15, 2009 6:42am
in the weekly candle chart CHF LFX we have seen a bearish shooting star and then a bearish evening shooting star pattern in the past weeks.
now we can see a end of this pattern. this observation shows that bearish power is diminishing and bulls maintain control.
in the beginning week we have seen a beaish engulfing pattern on Tuesday but suddenly we see a rush by bulls .(please see daily candles).
long lower wick and open price are evidence for this claim.
if we can see 1.71xx for CHF LFX in this week .therefore 1.96/1.71=1.1450.
USDCHF=1.1450
only CHF LFX have problem for exit from 1.68
let see
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  • #5,153
  • Feb 15, 2009 6:50am Feb 15, 2009 6:50am
TODAY IS DATE 2009.02.15
NOW WE CAN SEE A BULLISH LONG LEGGED DOJI PATTERN
in fact we can see a signal for uptrend
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  • #5,154
  • Feb 15, 2009 8:14am Feb 15, 2009 8:14am
but in daily candle chart CHF LFX i see a bearish pattern. a bearish tri star pattern. this pattern is very rare. i don't know why this pattern has appeared in this point ?
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  • #5,155
  • Feb 15, 2009 8:20am Feb 15, 2009 8:20am
with view of USD LFX +CHF LFX , LOOK TO USDCHF
  • #5,156
  • Feb 15, 2009 8:22am Feb 15, 2009 8:22am
Quoting hussin naiji
in the weekly candle chart EURGBP now we can see a bullish pattern. a bullish morning star pattern.
bulls maintain control.
Hi Hussin

But on daily we have broken "advanced block" pattern

I am not so sure about GBP weakness at all.
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  • #5,157
  • Feb 15, 2009 8:29am Feb 15, 2009 8:29am
Quoting hussin naiji
with view of USD LFX +CHF LFX , LOOK TO USDCHF
in the weekly candle chart we can see a hanging man then a red spinning top and now a star .
whether these signals for enough for you for a fall ?
attention to open and close star than previous candle.
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  • #5,158
  • Feb 15, 2009 8:32am Feb 15, 2009 8:32am
with view of EUR LFX +CHF LFX , look to EURCHF
with view of GBP LFX +CHF LFX , look to GBPCHF
with view of LFX JPY +CHF LFX , look to CHFYEN
  • #5,159
  • Feb 15, 2009 9:21am Feb 15, 2009 9:21am
Quoting 5ysfx
Hi Hussin

But on daily we have broken "advanced block" pattern

I am not so sure about GBP weakness at all.
have a nice time for you in bull camp GBP
  • #5,160
  • Feb 15, 2009 10:13am Feb 15, 2009 10:13am
Quoting hussin naiji
with view of EUR LFX +CHF LFX , look to EURCHF
with view of GBP LFX +CHF LFX , look to GBPCHF
with view of LFX JPY +CHF LFX , look to CHFYEN
for weekly candle chart GBPCHF i can see a bearish engulfing pattern.
whether we can see repeat date 2008.11.23 ?
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