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  • #1,361
  • Mar 30, 2009 2:28pm Mar 30, 2009 2:28pm
Evening all,

I'm seeing quite a nice looking hammer forming on Cable Daily just below an S/R level at 1.4300 and the 20EMA.

Does anyone have any thoughts/opinions on this? I'm tempted to play it the usual hammer way.

Cheers
Dan
  • #1,362
  • Edited 2:32pm Mar 30, 2009 2:31pm | Edited 2:32pm
not for me pal.......its floating like a little poo.

Maybe with "candle eyes" its a good thing?

sorry bro cant help.........g


p.s pupil of the week that is
  • #1,363
  • Mar 30, 2009 2:40pm Mar 30, 2009 2:40pm
With 'candle eyes' BG

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  • #1,364
  • Mar 30, 2009 2:44pm Mar 30, 2009 2:44pm
Nope........still dont mean anything to me.....sorry


But with "bar eyes" its no good.....maybe at close........g




P.S Like that Strat? Or Did you have another idea in mind for the instuctor name thing?
  • #1,365
  • Edited 3:23pm Mar 30, 2009 2:48pm | Edited 3:23pm
Quoting AstonDan
With 'candle eyes' BG

Attachment
Don't touch it Dan. Like Baba G says, "It's a FLOATER" - it will probably end up being a continuation bar.

NOTE TO EVERYONE:
When asking questions about something on your charts - ALWAYS post your chart - we cannot refer to ours because of different data feeds

Just taken a second look - I pulled fibs and it has bounced off 61.8% retrace and closed at 50% retrace BUT below support. The 20 and 50 are holding hands suggesting a biggish move from here. Another reason against this is, IF THEY MEAN ANYTHING, my long term cycle is topping and my short term cycle has bottomed. We also have a very wide coil forming. I think the train is on the turntable.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,366
  • Mar 30, 2009 2:55pm Mar 30, 2009 2:55pm
Quoting strat
Don't touch it Dan. Like Baba G says, "It's a FLOATER" - it will probably end up being a continuation bar.

NOTE TO EVERYONE:
When asking questions about something on your charts - ALWAYS post your chart - we cannot refer to ours because of different data feeds
Thanks BG and Strat

FYI, my only order from my weekend analysis was CHFJPY. Depite being hundreds of pips to the good early this morning I'VE LEFT IT ALONE.

Could this be the start of my DAILY TF journey?

Thanks again fellas.
  • #1,367
  • Mar 30, 2009 3:01pm Mar 30, 2009 3:01pm
Quoting Baba G
LOL your funny

Look i will do the naked stuff...you do do your stuff and together were unstopable......



Im trusting we are all a bit richer today team? g
I don't think me and my 1959 Fender Stratocaster and you in your shiny white armour can all fit on your white horse - plus we may end up fighting each other over the Queen and her grail!

OK, the solution's just come to me - you in your shiny white armour on your white horse get on board my train - we will have to have a "manage a trois" with the Queen though!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,368
  • Mar 30, 2009 3:02pm Mar 30, 2009 3:02pm
ASTONDAN>>>



LOL........for now our pupil of the week.......g
  • #1,369
  • Mar 30, 2009 3:03pm Mar 30, 2009 3:03pm
Quoting strat
I don't think me and my 1959 Fender Stratocaster and you in your shiny white armour can all fit on your white horse - plus we may end up fighting each other over the Queen and her grail!

OK, the solution's just come to me - you in your shiny white armour on your white horse get on board my train - we will have to have a "manage a trois" with the Queen though!
SEXY
  • #1,370
  • Mar 30, 2009 3:04pm Mar 30, 2009 3:04pm
Quoting AstonDan
Thanks BG and Strat

FYI, my only order from my weekend analysis was CHFJPY. Depite being hundreds of pips to the good early this morning I'VE LEFT IT ALONE.

Could this be the start of my DAILY TF journey?

Thanks again fellas.
Me thinks you are after another bronze pick!

Don't forget to analyse each candle though AFTER the NY close.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,371
  • Mar 30, 2009 3:08pm Mar 30, 2009 3:08pm
My continuing fascination/struggle with USDCHF continues. For those of you who read over the weekend, i've been calling this pair short for weeks and nothing has happened.

Strat pointed out that if it ain't going south, my analysis is WRONG and it doesn't want to go/can't go.

Today, we're looking at a DBLHC (using the Sunday bar) and price is closing above the DAILY 20. I have S/R at 1.1500 (i'm using round numbers now).

My thought is to place a Buy Stop at 1.1525 (above today's high and my S/R line), for a possible run upto 1.1700. With today's bar being quite small there is good R/R ratio.

I'm struggling to read the BOSS on this pair, and the BIG BOSS was/is shaping up to be a BEOB, so this is against the BIG PICTURE trend.

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  • #1,372
  • Mar 30, 2009 3:11pm Mar 30, 2009 3:11pm
Quoting strat
Don't forget to analyse each candle though AFTER the NY close.
Yes i know sir, i'm just looking at what's lining up. I promise i won't place any orders until after NY close!
  • #1,373
  • Mar 30, 2009 3:17pm Mar 30, 2009 3:17pm
WTF is a sunday bar?
  • #1,374
  • Mar 30, 2009 3:18pm Mar 30, 2009 3:18pm
lol is it like a chocolate bar?
  • #1,375
  • Mar 30, 2009 3:19pm Mar 30, 2009 3:19pm
last one.......its a handle bar lol
  • #1,376
  • Mar 30, 2009 3:20pm Mar 30, 2009 3:20pm
Quoting Baba G
WTF is a sunday bar?
It's where you can find me after Sunday dinner
  • #1,377
  • Mar 30, 2009 3:24pm Mar 30, 2009 3:24pm
Quoting AstonDan
It's where you can find me after Sunday dinner
You know it makes sense!!!!! i like a Hoegarden
  • #1,378
  • Mar 30, 2009 3:46pm Mar 30, 2009 3:46pm
Quoting AstonDan
My continuing fascination/struggle with USDCHF continues. For those of you who read over the weekend, i've been calling this pair short for weeks and nothing has happened.

Strat pointed out that if it ain't going south, my analysis is WRONG and it doesn't want to go/can't go.

Today, we're looking at a DBLHC (using the Sunday bar) and price is closing above the DAILY 20. I have S/R at 1.1500 (i'm using round numbers now).

My thought is to place a Buy Stop at 1.1525 (above today's high and my S/R line), for a possible run upto 1.1700. With today's...
Dan, first, don't trade something you don't understand - if it doesn't all fit into place it means IT DOESN'T ALL FIT INTO PLACE - don't trade it.

Just to confuse the bejabers out of you, my daily bar is forming a hammer type bar at 50% retrace with 20 minutes left to closing time.

Always check EURUSD to make sure you are trading USDCHF in the OPPOSITE direction
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,379
  • Mar 30, 2009 3:54pm Mar 30, 2009 3:54pm
Quoting Baba G
not for me pal.......its floating like a little poo.
And that's definitely something you don't want to touch.
  • #1,380
  • Edited Mar 31, 2009 4:24am Mar 30, 2009 3:58pm | Edited Mar 31, 2009 4:24am
Quoting strat
Just to confuse the bejabers out of you, my daily bar is forming a hammer type bar at 50% retrace with 20 minutes left to closing time.

Always check EURUSD to make sure you are trading USDCHF in the OPPOSITE direction
Did you mean hammer or shooting star Strat? If you do mean a hammer you really are confusing me!

DBLHC has failed to materialise and the Shooting Star forming now makes sense as a trade (to me at least): a short below today's low /DAILY and BOSS 20 @ 1.1430. First target at 1.1300 to close half and move stop to BE.

HOWEVER, if i was looking at EURUSD i'd also be leaning on the bearish side ALTHOUGH it did fail to break through my S/R at 1.3100 today so could be lining up to make a run north!?

From long to short in 20 minutes? i'd better just leave it alone!

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