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Daily candle chart

  • #5,801
  • Mar 17, 2009 5:58pm Mar 17, 2009 5:58pm
Quoting Bones
Im wondering if history will repeat itself here either way the Eur is on a nice bull run that looks set to go higher.
i agree with you Tony....but really looks staggered

baz
  • #5,802
  • Mar 17, 2009 6:01pm Mar 17, 2009 6:01pm
The Dow looks set to go higher
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 61)dow daily 11 th march.gif Size: 13 KB
Click to Enlarge Name: 61)dow weekly 11 th march.gif Size: 12 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #5,803
  • Mar 17, 2009 6:09pm Mar 17, 2009 6:09pm
Hey Baz whats staggered?


Quoting baz
i agree with you Tony....but really looks staggered

baz
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #5,804
  • Mar 17, 2009 6:12pm Mar 17, 2009 6:12pm
Looks set to break


Quoting Bones
I think the JPY is still trending down
Attached Image (click to enlarge)
Click to Enlarge Name: 63) lfxjpy, ,daily,17march.gif Size: 21 KB
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  • #5,805
  • Mar 17, 2009 6:14pm Mar 17, 2009 6:14pm
Quoting Bones
Hey Baz whats staggered?
the Euro/Usd.......
personally i think Cable is Much cleaner,i am looking to go Long on this....

baz
  • #5,806
  • Mar 17, 2009 6:32pm Mar 17, 2009 6:32pm
Well the eur has been more bullish than the gbp,and Im thinking it still will be.
Im bearish on the $ so I think both will rise against that.
Attached Image (click to enlarge)
Click to Enlarge Name: 63) eur gbp, ,daily,17march.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #5,807
  • Mar 18, 2009 3:51am Mar 18, 2009 3:51am
Quoting Bones
Well the eur has been more bullish than the gbp,and Im thinking it still will be.
Im bearish on the $ so I think both will rise against that.
Hi bones,

it is amazing. I had a quick look at eur/gbp tommorrow, and came to the same conclusion (without reading your chart). eur bullish, pound bearish = good trade for eur/gbp
  • #5,808
  • Mar 18, 2009 4:16am Mar 18, 2009 4:16am
halo,i cant but just say thanx again for taking your time to explain all you have to me, i really appreciate.

actually late yesterday around 1900gmt, i took a long on EURUSD cos i was seeing a clearer direction as opposed my initial intention to go short on CABLE, i held my position and slept off around 2200gmt only to wake up this morning, then i was already +35 pips but i was still able to close the trade this morning after waking up with +13pips...good for me , no loss.

sincerely speaking , i am in the bear camp on CABLE and i still feel cable will still go down may be till 1.38 and below...though i am not going to take any trade today cos my internet connection looks messy, i dont trust it for today and as i dont use stop loss, i will not like the connection to go out on me in a trade.

i wish you all many green pips today.
  • #5,809
  • Mar 18, 2009 8:46am Mar 18, 2009 8:46am
Quoting bjpumping
[b]halo,i cant but just say thanx again for taking your time to explain all you have to me, i really appreciate.

actually late yesterday around 1900gmt, i took a long on EURUSD cos i was seeing a clearer direction as opposed my initial intention to go short on CABLE, i held my position and slept off around 2200gmt only to wake up this morning, then i was already +35 pips but i was still able to close the trade this morning after waking up with +13pips...good for me , no loss.

sincerely speaking , i am in the bear camp on CABLE and i still feel...
Hi bj,

cable (=GU) is not a good trade at the moment. You are right, that the pound will fall, but if you are trading GU short, you are anticipating (donīt know if spelling is correct), that the USD will be bullish. I donīt think so. On my charts l see usd just falling from the cliff.

So you better need one currency which is going up (eur), and same time other currency (usd) is going down, so in total you got a moving pair, like eur/usd up atm.

Happy trading from work (sorry no charts at work)
  • #5,810
  • Mar 18, 2009 9:40am Mar 18, 2009 9:40am
hi,thanx again for your analysis.like i said in the morning i have not aking any trades since i dont too much trust my internet connection... but as regards the CABLE (gbpusd), looking from the daily chart, my trendline has not been broken and more so todays daily candle still has a lower high than yesterday's candle...though the day is not over but i feel later in the day there may still be opportunity to go short on this pair...though the short in the morning went down more than 100 pips which is good profit...

and for EURUSD...i am seriously in the bull camp on this pair...actually what i was contemplating was if price was going to break the resistance i earlier mentioned in one of my posts earlier and that resistance has been broken now...hence i feel EURUSD should go higher.

i think my internet connection is picking up now and if its okay later in the day, i might take some scalps from either of the 2 currency pairs provided there is the opportunity to do that but if not...I WILL STAY OUT OF THE MARKET COMPLETELY.

i want to ask you a question...when EURUSD and CABLE charts are both bearish, does it mean the dollar is getting stronger or weaker? i hope my question is not funny...lol

and if i may ask...PLEASE WHERE IS HUSSIN? i hope he has not left this thread.

green pips tp you all...and peaches...enjoy your day at work.
Attached Image (click to enlarge)
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  • #5,811
  • Mar 18, 2009 11:57am Mar 18, 2009 11:57am
Quoting bjpumping
[size=3]hi,thanx again for your analysis.like i said in the morning i have not aking any trades since i dont too much trust my internet connection... but as regards the CABLE (gbpusd), looking from the daily chart, my trendline has not been broken and more so todays daily candle still has a lower high than yesterday's candle...though the day is not over but i feel later in the day there may still be opportunity to go short on this pair...though the short in the morning went down more than 100 pips which is good profit...

and for EURUSD...i am seriously...


Hi,

Hussin is making a 2 week party-holiday, because in teheran is new year at the moment.

If the price eur/usd and G/U is going from the upper left to the lower right part of the chart (is falling), the dollar is getting bullish against other currencys (pound and euro). It took me month to understand, what all this bullish and bearish means (not kidding ).

Lets have a look at some charts and some international stop-donīt-go any further candlestick pattern....
  • #5,812
  • Mar 18, 2009 12:10pm Mar 18, 2009 12:10pm
What draws my attention is the weekly UJ chart:

In the weekly U/J chart you see after a few bullish green candles,
last week a RED candle. Against the definition of a hanging man here:

http://www.candlesticker.com/Cs26.asp

I think the change in the color of the hanging man candle and the prior
trend is a very importend information.

Every time I see a trend, and after the trend a single candle with a different color then the trend, I`am looking for a pattern.

But the first glance of a trendchange was the weekly candle
before the hanging man, which I think, we might call a neutral
high wave candle:

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

So here is my weekly traffic sign for U/J:

green=trend
yellow=highwave candle
red=hanging man
Attached Image (click to enlarge)
Click to Enlarge Name: uj weekly.gif Size: 11 KB
  • #5,813
  • Mar 18, 2009 12:16pm Mar 18, 2009 12:16pm
Quoting peaches
Hi bj,

cable (=GU) is not a good trade at the moment. You are right, that the pound will fall, but if you are trading GU short, you are anticipating (donīt know if spelling is correct), that the USD will be bullish. I donīt think so. On my charts l see usd just falling from the cliff.

So you better need one currency which is going up (eur), and same time other currency (usd) is going down, so in total you got a moving pair, like eur/usd up atm.

Happy trading from work (sorry no charts at work)
Hi Peaches,long EU is a good idea but I am waiting The Fed statement.
Gluck to you bro
  • #5,814
  • Edited 12:50pm Mar 18, 2009 12:28pm | Edited 12:50pm
Bullish for EUR.
I have not seen reversal signal for EG
If GPB continued downtrend because of Quantitative easing and fundamental outlook we can see EG tend to 098-1?
Resistant now 095-098
Attached Image (click to enlarge)
Click to Enlarge Name: EG co tien ve 1.JPG Size: 77 KB
  • #5,815
  • Mar 18, 2009 12:29pm Mar 18, 2009 12:29pm
Quoting thang822462
Hi Peaches,long EU is a good idea but I am waiting The Fed statement.
Gluck to you bro
Hi thang, nice to see you again

The usdlfx has shown pretty early patterns for a bearish dollar.

What I am thinking of, is this current weekly candle: it has no upper wick.
If it closes with no upper wick, it might be a black opening marubozu:

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

But there are 2,5 trading days left in this week, so I should not look at the current weekly candle.

But a weekly black opening marubozu would be a good bearish signal.
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.gif Size: 32 KB
  • #5,816
  • Mar 18, 2009 12:36pm Mar 18, 2009 12:36pm
Quoting thang822462
Bullish for EUR.
I have not seen reversal signal for EG
If GPB continued downtrend because of Quantitative easing and fundamental outlook we can see EG tend to 098-1?
Resistant now 095-098
I will go long E/G with start london session, because i think price might go sideways in the next 8-12 hours (it has gone up pretty good). I`am looking at 0,95 for first reversel candle on lower timeframe.

You marked in your charts three crows. This are not three crows, in uptrend threes crows are called three white soldiers:

http://www.candlesticker.com/Cs63.asp

Good luck to you, Iām looking for something to eat now
  • #5,817
  • Mar 18, 2009 2:17pm Mar 18, 2009 2:17pm
My god ive had a good day my cad is going to plan,catch you guys later im still at work....
Attached Image (click to enlarge)
Click to Enlarge Name: 22)usd,cad 4 hr , 18 march,09.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #5,818
  • Mar 18, 2009 2:20pm Mar 18, 2009 2:20pm
I think we may call this current weekly usdlfx
a black opening marubozu:

http://www.candlesticker.com/Cs24.asp
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.gif Size: 32 KB
  • #5,819
  • Mar 18, 2009 4:03pm Mar 18, 2009 4:03pm
I am exited about this trade not cause its the best of the week or anything just that I have applied a weekly set up and traded with confidence knowing I have this set up behind me just like the paper trade on gold from the weekly I had mentioned.Just like Hussin teaches here on the thread.


Quoting Bones
My god Ive had a good day my cad is going to plan,catch you guys later I'm still at work....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #5,820
  • Mar 18, 2009 4:05pm Mar 18, 2009 4:05pm
Quoting Bones
I am exited about this trade not cause its the best of the week or anything just that I have applied a weekly set up and traded with confidence knowing I have this set up behind me just like the paper trade on gold from the weekly I had mentioned.Just like Hussin teaches here on the thread.
Your analysis is really great Tony....really happy you took the Cad....i went long Cable...

baz
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