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Daily candle chart

  • #5,981
  • Mar 25, 2009 3:47pm Mar 25, 2009 3:47pm
Quoting baz
thanks peaches......keep up the Excellent analysis .....
but the chart i showed,is there any CandleStick pattern there ?

baz
thanks baz,

In the ellipse you marked, I can see an up candle followed by a doji,
If I see an upmove, I am expecting further upmoves, if this not happens, liwith signal of a doji, this could have been a signal for bulls weakening. But this is 4 h pattern, 4 h candles are not very reliable.

Hussin has explained a few month ago very good reliable pattern for 4 h chart, but only for usdjpy.
  • #5,982
  • Mar 25, 2009 4:01pm Mar 25, 2009 4:01pm
Quoting eswap0
Hi!
Just a simple ( & silly) question: ¿how are daily bars set: from 00:00 AM to 11:59 PM or from 17:15 to 16:59? (all US eastern time)
In first case, a daly bar is created with only 6 3/4 hours on sunday...
Thanks!
Holla eswap,

I am not a specialist in this question, but a daily candle is 24 h.
When it start, and when it ends, depends on your broker (where he is located). Sunday daily candle is very short for my broker (only 1 h) (example chart attached).

Hussin sayes long time ago,

=> daily candles are born on monday/tuesday, live till wednesday/thursday and die on friday.

So best trade daily candlestick pattern is tuesday till thursday. Avoid trading on sunday, monday and friday. I start trading monday beginning londen session, and I say to myself every friday: "I will not trade on friday"

Also please have a look at http://www.babypips.com/school/

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  • #5,983
  • Mar 25, 2009 4:59pm Mar 25, 2009 4:59pm
E/J:

If a shooting star is not successfull, this shows us power of the bulls.

It does not mean, that this shooting star has failed, but longterm scenario
shows more upmoves. We have a very strong confluence at >140.


We may say this shooting star has failed, if wee see a bullish candle above this shooting star closed.

Green pips to all and good night.
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  • #5,984
  • Mar 26, 2009 5:37am Mar 26, 2009 5:37am
Well Fe 61 held well ,and we move up wards,not an easy week generally i dont think,



Quoting Bones
Is tricky.
potential bearish set up ,I may regret saying this but I think false.
As long as FE61 holds I think trend intact.

Good night and good luck all,I have worked too many hours...
Attached Image (click to enlarge)
Click to Enlarge Name: 200) lfxjpy ,daily,24 march.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #5,985
  • Mar 26, 2009 5:41am Mar 26, 2009 5:41am
I see 142xx for GU
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  • #5,986
  • Mar 26, 2009 5:55am Mar 26, 2009 5:55am
Never let a winner turn ito a loser springs to mind....the hr4 was clear,with petrifying harami and a few sharp sell off from the top.i chose to weather it as I was thinking about the weekly,which looked bullish.

If todays candle holds against the base of yesterday It could still move up ....
Attached Image (click to enlarge)
Click to Enlarge Name: 200) gbplfx ,daily,24 march.gif Size: 14 KB
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  • #5,987
  • Mar 26, 2009 6:01am Mar 26, 2009 6:01am
Now were here what next,intitail reaction looks bearish will watch with intrest.
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  • #5,988
  • Mar 26, 2009 3:24pm Mar 26, 2009 3:24pm
the usdlfx looks interesting right now.

we're right at 1.9300 resistance right now, and I believe a close above it and we could go much higher.

on the daily, we can see we've been ranging between two bands. today's (yet to close) and yesterday's candles have long lower wicks, which would suggest buyers entering the market.

on the weekly so far, unless we get a major selloff tomorrow, could that be a tweezer bottom?
Attached Image(s) (click to enlarge)
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  • #5,989
  • Mar 26, 2009 3:52pm Mar 26, 2009 3:52pm
eurlfx

harami on the daily?

potential harami/tweezer top on the weekly (4 days in)?
Attached Image(s) (click to enlarge)
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  • #5,990
  • Edited 4:47pm Mar 27, 2009 4:34pm | Edited 4:47pm
Good call daffy,were were consolidating waiting for a break and up was the direction giving a weekly Harami,I think considering the size of the fall.
Not a tweezer as the lows should match tho this it the weekly ,I would give some slack but not 30 pips.

Quoting daffy
the usdlfx looks interesting right now.

we're right at 1.9300 resistance right now, and I believe a close above it and we could go much higher.

on the daily, we can see we've been ranging between two bands. today's (yet to close) and yesterday's candles have long lower wicks, which would suggest buyers entering the market.

on the weekly so far, unless we get a major selloff tomorrow, could that be a tweezer bottom?
Attached Image (click to enlarge)
Click to Enlarge Name: 200)usdlfx weekly 27march.gif Size: 17 KB
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  • #5,991
  • Mar 27, 2009 4:45pm Mar 27, 2009 4:45pm
Price tried to go lower but was rejected 4 times ,there def a tweezer there somewhere ,lol ,maybe all 4 on a daily??
Anyway you can have a tweezer by proxy as far as I am aware and 1 pip on a daily is good enough for me.
Attached Image (click to enlarge)
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  • #5,992
  • Mar 27, 2009 5:01pm Mar 27, 2009 5:01pm
Yep Harami on the daily ,them 2 little Hanging men that I disregarded done the job...
Piercing line unable to break up ,incorrect location.

Quoting daffy
eurlfx

harami on the daily?

potential harami/tweezer top on the weekly (4 days in)?
Attached Image (click to enlarge)
Click to Enlarge Name: 200)eurlfx daily 27march.gif Size: 25 KB
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  • #5,993
  • Mar 27, 2009 5:37pm Mar 27, 2009 5:37pm
The engulfing was so nice ,I have no idea why I wasnt in it ,nice call.

Quoting thang822462
I see 142xx for GU
Attached Image (click to enlarge)
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  • #5,994
  • Mar 27, 2009 5:43pm Mar 27, 2009 5:43pm
Well I I do know it was the weekly which I thought would rule ,from last week ,which was mis guided.
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  • #5,995
  • Mar 27, 2009 6:03pm Mar 27, 2009 6:03pm
EUR_JPY Spot.png

weekly chart

this one look really JUICY..there are quite a FEw as well on the Dollar Pairs as well..

baz
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  • #5,996
  • Mar 27, 2009 6:08pm Mar 27, 2009 6:08pm
Quoting Bones
The engulfing was so nice ,I have no idea why I wasnt in it ,nice call.
GBP_USD Spot.png

you would have seen it better on a 2 DAY chart..i posted this on j16 and EoH thread...
there will be more Tony...and you pick them up as well.

baz
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  • #5,997
  • Mar 27, 2009 6:19pm Mar 27, 2009 6:19pm
Lets hope so Baz ,yes it looks V clear there .. them 2 day charts are cool,hope your weeks been great....
Also Like the Juicy one too
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  • #5,998
  • Mar 27, 2009 6:25pm Mar 27, 2009 6:25pm
Quoting Bones
Lets hope so Baz ,yes it looks V clear there .. them 2 day charts are cool,hope your weeks been great....
Also Like the Juicy one too
tony ....yes....i know Hussin only likes Daily only...but there were 5 fantastic set ups on the 4 hr Cable..+ the daily one as well...
Just patience really...4 winners ...1 loss..but still +ve overall

baz
  • #5,999
  • Mar 28, 2009 11:11am Mar 28, 2009 11:11am
For GBPLFX, we are testing a trendline.

On the weekly, we have two indecision candles back to back. However, on the last 3 wicks, the lows have been getting higher, and for the last two weeks the highs have been getting higher. The red line marks a key resistance level, which I believe the range is between the low and the open of the 15/2 weekly candle. To add to the confusion, the last weekly candle closed between these two values.

On the daily, we saw downward movement for the last 3 days, but, could Friday's candle be a bullish hammer, and Wednesday and Thursday's formation be an inverted hammer?

On the 4H, we can see buyers entering the market at around the mark of the upward trendline. Of the highlighted candles, bears were able to pierce the trendline with more force compared to the last visit, circled in black. It appears that the bears certainly have more momemtum this time around compared to the last based on how the candles printed out, however, there seems to be sufficient momemtum to take us up for a bit. The candles aren't printing quite as bullish this time around, but then, we are at a higher price level.

I think we might initially retest the trendline before moving up, I'm not sure how far up we can move, perhaps up to the 16/2 high initially?

Thoughts?
Attached Image(s) (click to enlarge)
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  • #6,000
  • Mar 28, 2009 5:44pm Mar 28, 2009 5:44pm
hi all ,on the nzd/usd is this a start of a evening star if we are down week this week,if so there have been a few before on this pair

thanks john
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