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Daily candle chart

  • #5,821
  • Mar 18, 2009 4:10pm Mar 18, 2009 4:10pm
The eurlfx daily candle was even larger than expected

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.
Attached Image (click to enlarge)
Click to Enlarge Name: 64) eurlfx, ,daily,18march.gif Size: 17 KB
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  • #5,822
  • Mar 18, 2009 4:12pm Mar 18, 2009 4:12pm
Quoting Bones
The eurlfx daily candle was even larger than expected
You called it...i was really suprised by this today...

baz
  • #5,823
  • Mar 18, 2009 4:16pm Mar 18, 2009 4:16pm
Quoting Bones
My god ive had a good day my cad is going to plan,catch you guys later im still at work....
I've been watching this pair for a while, and it seems as the daily trend line has been broken for now. Waiting for CPI numbers tomorrow.

Cheers.
  • #5,824
  • Edited 4:35pm Mar 18, 2009 4:18pm | Edited 4:35pm
Hey thanks Baz , I also went long on cable after taking a loss in the morning glad your in too.


Quoting baz
Your analysis is really great Tony....really happy you took the Cad....i went long Cable...

baz
Attached Image (click to enlarge)
Click to Enlarge Name: 65)usd,gbp 4 hr , 18 march,09.gif Size: 15 KB
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  • #5,825
  • Mar 18, 2009 4:25pm Mar 18, 2009 4:25pm
Quoting Bones
Hey thanks Baz , I also went long (x2)on cable after taking a loss in the morning glad your in too.
GBP_USD Spot.png
yes the weekly is LOOKING good

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 7 KB
  • #5,826
  • Mar 18, 2009 4:27pm Mar 18, 2009 4:27pm
eur was stonger than pound


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.
Attached Image (click to enlarge)
Click to Enlarge Name: 64) eurgbp, ,daily,18march.gif Size: 13 KB
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  • #5,827
  • Mar 18, 2009 4:31pm Mar 18, 2009 4:31pm
Quoting Bones
Hey thanks Baz , I also went long (x2)on cable after taking a loss in the morning glad your in too.
you had a better entry than me ,i came in after the NEWS...

baz
  • #5,828
  • Mar 18, 2009 4:35pm Mar 18, 2009 4:35pm
Quoting baz
you had a better entry than me ,i came in after the NEWS...

baz
Hi baz,

I was worried to have an open trade, but I went with the crowed and the weekly candles.

This was more then I expected, but there is more to come.
  • #5,829
  • Mar 18, 2009 4:37pm Mar 18, 2009 4:37pm
Quoting peaches
Hi baz,

I was worried to have an open trade, but I went with the crowed and the weekly candles.

This was more then I expected, but there is more to come.
ahh..you did the same as me then....
these are xtraordinary times....to see a +400 pip move..its incredible..
Lets hope we a another Bullish day...

baz
  • #5,830
  • Mar 18, 2009 4:39pm Mar 18, 2009 4:39pm
We have broken an importend resistance area 1,33.

Where do we go from here for eur/usd ??
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusdtarget.gif Size: 12 KB
  • #5,831
  • Mar 18, 2009 4:41pm Mar 18, 2009 4:41pm
usd light index - weekly - no comment
Attached Image(s) (click to enlarge)
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  • #5,832
  • Mar 18, 2009 4:45pm Mar 18, 2009 4:45pm
any opinions about the yen ?

I Žam watching this weekly hanging man,
but to be successfull, there are only 2 days left.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: j-week.gif Size: 10 KB
  • #5,833
  • Mar 18, 2009 4:45pm Mar 18, 2009 4:45pm
Quoting peaches
We have broken an importend resistance area 1,33.

Where do we go from here for eur/usd ??
EUR_USD Spot.png

i guess 1.3600 on the cards....also a Fibo 50% and the Gap you identified as well

baz
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD Spot.png Size: 12 KB
  • #5,834
  • Mar 18, 2009 5:17pm Mar 18, 2009 5:17pm
hi all,been trading for about 10 years mainly aussie stocks and now forex,really liked candlestick patterns but was not confident in using them and had no one to trade with that used them to,found this thread and love it.hope i can ask some questions latter after i read the thread will take me awhile to get through it anyway have a good day
  • #5,835
  • Mar 18, 2009 5:20pm Mar 18, 2009 5:20pm
Quoting desperate
hi all,been trading for about 10 years mainly aussie stocks and now forex,really liked candlestick patterns but was not confident in using them and had no one to trade with that used them to,found this thread and love it.hope i can ask some questions latter after i read the thread will take me awhile to get through it anyway have a good day
welcome, Hussin is very good...
Tony and Peaches are also very excellent in their analyssis...
as long as you stick to HTF Candle stick Patterns...it will be good to see your take as well

baz
  • #5,836
  • Mar 18, 2009 5:29pm Mar 18, 2009 5:29pm
Quoting desperate
hi all,been trading for about 10 years mainly aussie stocks and now forex,really liked candlestick patterns but was not confident in using them and had no one to trade with that used them to,found this thread and love it.hope i can ask some questions latter after i read the thread will take me awhile to get through it anyway have a good day
I wonder how you could trade 10 years without candlestick pattern
It will enhance your trading a lot. welcome desperate.
  • #5,837
  • Mar 18, 2009 6:27pm Mar 18, 2009 6:27pm
Hey Peaches
I must admit I really thought the lfxjpy would break up today and wondered myself about last weeks candle.
Todays candle also looks bearish but there have been other such bearish set ups which I highlighted on the daily recently which have not had the expected effect,
To be honest I'm not sure myself either but as long as the Dow continues to recover I still suspect a break up.




Quoting peaches
any opinions about the yen ?

I Žam watching this weekly hanging man,
but to be successfull, there are only 2 days left.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 64) lfxjpy, ,daily,18march.gif Size: 18 KB
Click to Enlarge Name: 64) lfxjpy, ,4 hr,18march.gif Size: 18 KB
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  • #5,838
  • Mar 18, 2009 7:12pm Mar 18, 2009 7:12pm
Quoting peaches
I wonder how you could trade 10 years without candlestick pattern
It will enhance your trading a lot. welcome desperate.
hi peaches, i traded breakouts on metastock which had a filter which done all of it for me,and i just picked which breakout looked good ,had profits and losses ,it was like picking a new shirt if it looked good u buy it

thanks
  • #5,839
  • Mar 19, 2009 1:29am Mar 19, 2009 1:29am
Quoting desperate
hi peaches, i traded breakouts on metastock which had a filter which done all of it for me,and i just picked which breakout looked good ,had profits and losses ,it was like picking a new shirt if it looked good u buy it

thanks

Hi desperate, You will find candlestick trading more interesting, then trading with systems or indicators, because candlesticks are telling a story on each timeframe. They are like a kind of language, which is realy worth to learn a few words, to speak it:

bullish engulfing
bearish engulfing
three inside up
three outside up
hanging man
hammer
3 bearish crows
3 white soldiers
piercing line
doji

Good trading to you !
  • #5,840
  • Mar 19, 2009 1:33am Mar 19, 2009 1:33am
Quoting Bones
Hey Peaches
I must admit I really thought the lfxjpy would break up today and wondered myself about last weeks candle.
Todays candle also looks bearish but there have been other such bearish set ups which I highlighted on the daily recently which have not had the expected effect,
To be honest I'm not sure myself either but as long as the Dow continues to recover I still suspect a break up.
Hi,

I found 2 candles in the dow chart who are signals in my eyes: attentions dow bulls, you are entering territorry, where dow bears are waiting

Notice missing upper wick on yesterdays candle = bears.

I will exit my positions with beginning US session, week was good for me, so not worth to risk something.
Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 10 KB
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