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Daily candle chart

  • #5,901
  • Mar 22, 2009 7:23am Mar 22, 2009 7:23am
looks pretty bearish ,maybe down to close the D1 window at least.
Attached Image (click to enlarge)
Click to Enlarge Name: 101)dow weekly 21 st march.gif Size: 14 KB
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  • #5,902
  • Mar 22, 2009 2:10pm Mar 22, 2009 2:10pm
Hi tony,
hi all,

it is interesting how different broker show different candles.

I think, most clear is your dow daily candle chart. If the second bearish
candle is an "inside" candle (which it is, maybe), we have a reliable three inside down pattern.

But price has build a bottom medium term and will turn bullish during week. With high hope, we will see a bullish hammer at end of march-monthly
candle

If this not happens, market is wrong
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dow daily.gif Size: 13 KB
Click to Enlarge Name: dow.gif Size: 13 KB
Click to Enlarge Name: dow_month.gif Size: 12 KB
  • #5,903
  • Mar 22, 2009 2:21pm Mar 22, 2009 2:21pm
Quoting Bones
Looking for a break over 50
I agree.

If a pattern fails (in this case a hanging man) this should never be
ignored.

Some trader not familar with lfx (light index), notice chart is lfx/jpy, it
is not jpy/lfx. So if price goes up, the yen is bearish against basket of other currencys (index).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: lfxjpy.gif Size: 10 KB
Click to Enlarge Name: lfxjpymonth.gif Size: 12 KB
  • #5,904
  • Mar 22, 2009 2:43pm Mar 22, 2009 2:43pm
If we have seen a broken weekly hanging man for the yen,
we see on weekly gbplfx, a white spinning top:

http://www.candlesticker.com/Cs03.asp

So, if we see bullish pound, and a bearish yen, what this mean
for gbp/jpy ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pound.gif Size: 9 KB
Click to Enlarge Name: geppy_daily.gif Size: 13 KB
  • #5,905
  • Mar 22, 2009 2:47pm Mar 22, 2009 2:47pm
Quoting peaches
If we have seen a broken weekly hanging man for the yen,
we see on weekly gbplfx, a white spinning top:

http://www.candlesticker.com/Cs03.asp

So, if we see bullish pound, and a bearish yen, what this mean
for gbp/jpy ?
bullish?
  • #5,906
  • Mar 22, 2009 2:59pm Mar 22, 2009 2:59pm
Quoting pkimnyc
bullish?
  • #5,907
  • Mar 22, 2009 3:01pm Mar 22, 2009 3:01pm
Tony, what do you think about eur/chf ?

I see a weekly long legged doji,

http://www.candlesticker.com/Cs28.asp

but we have seen a failed doji in the past...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 12 KB
Click to Enlarge Name: chf.gif Size: 12 KB
  • #5,908
  • Mar 22, 2009 3:04pm Mar 22, 2009 3:04pm
And EJ peter ,I dont see the eurlfx falling far over the week if not still rise on a weekly bias ,as mommentom is so strong ,close towards the top this week...
So a similar set up as 131 being taken maybe look to buy some lower TF PA on pull back first or the actual break if it happens

Quoting peaches
If we have seen a broken weekly hanging man for the yen,
we see on weekly gbplfx, a white spinning top:

http://www.candlesticker.com/Cs03.asp

So, if we see bullish pound, and a bearish yen, what this mean
for gbp/jpy ?
Attached Image (click to enlarge)
Click to Enlarge Name: 1) eur jpy 21 march 08.gif Size: 20 KB
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  • #5,909
  • Mar 22, 2009 3:23pm Mar 22, 2009 3:23pm
Quoting Bones
And EJ peter ,I dont see the eurlfx falling far over the week if not still rise on a weekly bias ,as mommentom is so strong ,close towards the top this week...
So a similar set up as 131 being taken maybe look to buy some lower TF PA on pull back first or the actual break if it happens

Looks like we will have a bullish april on eur/jpy. Buy the pullbacks.

But I don´t think crises is over, so usd and yen might turn bullish in summer/autum again and go lower then the current lows. Plenty of opportunitys to trade, as long as the market is moving :-)
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 17 KB
  • #5,910
  • Mar 22, 2009 3:41pm Mar 22, 2009 3:41pm
The eur is to close on a weekly bais bullish,but has run into res,only if it falls I think it will brought ,I would like a much clearer sign for fall like last time price shot up other than a small daily hanging man
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 100) eurlfx d1,21 march.gif Size: 23 KB
Click to Enlarge Name: 100) eurlfx weekly,21 march.gif Size: 21 KB
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  • #5,911
  • Mar 22, 2009 4:19pm Mar 22, 2009 4:19pm
The chf has produced a nice looking piercing line,but I was thinking its false since it seems in traffic ,and there seem some pretty sharp sell off's.
The shooting star at the top is the icing on the cake,but has its effect completed....
The daily up move is waining.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3)chf lfx weekly 21 march 08.gif Size: 20 KB
Click to Enlarge Name: 3)chf lfx daily, 21 march 08.gif Size: 21 KB
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  • #5,912
  • Mar 22, 2009 5:00pm Mar 22, 2009 5:00pm
Its a tricky call Peter ,but I really dont see last weeks candle as bearish enough to make it fall ,more indecisive ,consolidation ,considering its size after a huge up move.
I dont think id trade it but based on the lfx I would say eur is more bullish on a weekly basis than the chf.



Quoting peaches
Tony, what do you think about eur/chf ?

I see a weekly long legged doji,

http://www.candlesticker.com/Cs28.asp

but we have seen a failed doji in the past...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3)eurchf daily 21 march 08.gif Size: 24 KB
Click to Enlarge Name: 3)eurchf weekly 21 march 08.gif Size: 25 KB
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  • #5,913
  • Mar 22, 2009 5:05pm Mar 22, 2009 5:05pm
I suppose it depends on the weekly piercing line on the chf lfx,but the daily says this is false i think.
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  • #5,914
  • Mar 22, 2009 5:09pm Mar 22, 2009 5:09pm
Quoting Bones
The eur is to close on a weekly bais bullish,but has run into res,only if it falls I think it will brought ,I would like a much clearer sign for fall like last time price shot up other than a small daily hanging man
hi bones

would u say that the 2.62 level on the chart is a very strong point for it to break and keep going has alot of s/r there

thanks john
  • #5,915
  • Mar 22, 2009 5:16pm Mar 22, 2009 5:16pm
Hi John Im really not sure ,we are certainly ruuning ito the consolidation patch after the last rise.
Maybe a pullback before a rise would be more healthy trend ,

Tony
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  • #5,916
  • Mar 22, 2009 5:20pm Mar 22, 2009 5:20pm
These sideways movements with loads of candles,really are difficult to overcome,when we have sharp movements it is easy for price to to make an equally sharp move the other way.Which is why we can have such crazy moves now.
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  • #5,917
  • Mar 22, 2009 6:02pm Mar 22, 2009 6:02pm
Quoting Bones
I suppose it depends on the weekly piercing line on the chf lfx,but the daily says this is false i think.
Hi,

thanx for your analyses, some good points in it.

Is late, here. Bed time now.

Good trading to all.
  • #5,918
  • Mar 22, 2009 6:12pm Mar 22, 2009 6:12pm
Quoting desperate
hi bones

would u say that the 2.62 level on the chart is a very strong point for it to break and keep going has alot of s/r there

thanks john
Hi john,

based on what I have learned from hussin and candlestick pattern,
there is some serious resistance ahead for more bullish moves. But
other indicators, systems etc. also show resistance.

If you look at the left side of the chart, price has broken up through
this area, bounced a few days, trying to break down through it, and was finaly successfull and has free fall.

Maybe I think some (german) news on tuesday or wednesday might give enough "speed" to break through this resistance upward.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 12 KB
  • #5,919
  • Mar 22, 2009 6:58pm Mar 22, 2009 6:58pm
thanks bones and peaches
  • #5,920
  • Mar 23, 2009 6:41am Mar 23, 2009 6:41am
Man I'm a little disappointed cause Ive only just been able to check in....
and looks like the jpy was as obvious as it looked,it dose leave a Q of the Dow which i will watch with intrest.

One more week for me on laptop and mobile card and i hope very much Hussin will be back soon to resume lessons


Quoting Bones
The daily seem to be in the process of a break up the h4 may pull back overall a break up looks likely to me ,as usual depending on open close Sun.
Attached Image (click to enlarge)
Click to Enlarge Name: 100) lfxjpy weekly,23 march.gif Size: 23 KB
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