today was with low volatility
i think we will see new sellers on Thursday
i think we will see new sellers on Thursday
- #6,943
- Apr 21, 2009 12:19pm Apr 21, 2009 12:19pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi dear traders!
Bullish harami pattern on daily EU, Chart:
Jhon
Bullish harami pattern on daily EU, Chart:
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #6,944
- Apr 21, 2009 12:58pm Apr 21, 2009 12:58pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Good morning Hussin.
Look like USD/CHF delays its drop.... PATIENCE... but here it goes now
Patience pays.
Now it looks bearish, and nice "space " left from the developing candles.
For all: there are a few hours left for daily close, we should have a close look at the color of todays candle. Is is changing compared with previous days ?
- #6,945
- Apr 21, 2009 1:14pm Apr 21, 2009 1:14pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
now maybe time for long eur/aud
This "late" is news driven here in germany, news are talking of establishing
a lot of BAD banks here in germany, and they need a lot of them.
Price always want maximum. I it goes maximum in one direction, it will go back as far back as it can.
Target of this behavoir is, 1) to irretate bulls on the next day, make them nervous and let them stop trading and 2) gives the real (bullish) traders a better entry point for another long.
We see psychological part in trading
I watch this 4 h candle very close for a reverse for long. The one hour is promising, because it is an inverted hammer. It would be better, if this
would have a green colour. Also this inverted hammer appears on a round number.
Lets see and trade with small money.
- #6,946
- Apr 21, 2009 1:30pm Apr 21, 2009 1:30pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
sorry, i was too greedy and excited, but eur is late today.
This "late" is news driven here in germany, news are talking of establishing
a lot of BAD banks here in germany, and they need a lot of them.
Price always want maximum. I it goes maximum in one direction, it will go back as far back as it can.
Target of this behavoir is, 1) to irretate bulls on the next day, make them nervous and let them stop trading and 2) gives the real (bullish) traders a better entry...
Great Analysis Sir! I'm watching the same pattern on ENZD, let's see how it plays, I see a bullish harami pattern on 4H TF, Chart:
On daily, price is on support zone:
What do you think about that?
TIA
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #6,947
- Apr 21, 2009 2:41pm Apr 21, 2009 2:41pm
- Joined May 2008 | Status: dynamic | 2,412 Posts
Invincibility lies in the defence, the possibility of victory in the attack
- #6,948
- Apr 21, 2009 3:07pm Apr 21, 2009 3:07pm
- Joined May 2008 | Status: dynamic | 2,412 Posts
Invincibility lies in the defence, the possibility of victory in the attack
- #6,949
- Apr 21, 2009 3:18pm Apr 21, 2009 3:18pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Hi Peaches!
Great Analysis Sir! I'm watching the same pattern on ENZD, let's see how it plays, I see a bullish harami pattern on 4H TF, Chart:
Attachment
On daily, price is on support zone:
Attachment
What do you think about that?
TIA
Jhon
nice to "see" you.
And 4 h chart has a good trendline in his back.
But it would be better, if current nzdlf 4 h candle would have been red, or would have a smaller body.
Donīt be sureprised, if it drops lower. Price always wanīt maximum.
I marked area of support I see, just in case...
- #6,950
- Apr 21, 2009 3:38pm Apr 21, 2009 3:38pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
daily candle is not finished yet, now a doji on my chart
it shows sellers pushing down below trendline from 895 daily high
if tomorrow confirms, 845 is next
You know, it is forex...
I see on weekly chart an area of resistance, and I see on daily chart
a bearish candle and then an opening inside last days bear candle, but it goes UP, this is indication for bullish to me. Especially the opening (beginning green candle) above the close (end red candle).
Todays candle has a long upper wick, indicating selling pressure, but if I look at 4 h chart, I see price turning (?) just at 50 % fibo line.
Todays candle for a turn in direction, it would be better, if it appears at the end of an UPtrend, but we have had just one day up.
Of course I might be wrong, and my failure might be, I have no PATTERN
for the daily I marked.
- #6,951
- Apr 21, 2009 3:42pm Apr 21, 2009 3:42pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi analizer,
Patience pays.
Now it looks bearish, and nice "space " left from the developing candles.
For all: there are a few hours left for daily close, we should have a close look at the color of todays candle. Is is changing compared with previous days ?
I'm short on this pair, without any intervention the 1.15xx is very probable like first parade. 
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #6,952
- Apr 21, 2009 3:46pm Apr 21, 2009 3:46pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
For me is: Chronicle of a Death Foretold!
Attachment
If there is no news interupting our technical view:
- #6,953
- Apr 21, 2009 3:53pm Apr 21, 2009 3:53pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I `am a bit tired, so a last one on cad/lfx:
I`am long, long cad. cad is "save heaven" for traders.
But watch long lower wick on daily cad. A green candle would be
much better, but I think we might call this a "hammer".
Small body, long lower wick, no or small upper wick. Best if seen above
area of support.
If some trust in fibonacci, I dream of fibo extension level for target.
+, bulls have weekly candle in their back.
But trade only what YOU see.
I`am long, long cad. cad is "save heaven" for traders.
But watch long lower wick on daily cad. A green candle would be
much better, but I think we might call this a "hammer".
Small body, long lower wick, no or small upper wick. Best if seen above
area of support.
If some trust in fibonacci, I dream of fibo extension level for target.
+, bulls have weekly candle in their back.
But trade only what YOU see.
- #6,954
- Apr 21, 2009 4:49pm Apr 21, 2009 4:49pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi Jhon,
nice to "see" you.
And 4 h chart has a good trendline in his back.
But it would be better, if current nzdlf 4 h candle would have been red, or would have a smaller body.
Donīt be sureprised, if it drops lower. Price always wanīt maximum.
I marked area of support I see, just in case...
, btw, great explanation & great charts Sir, thanks, I know, maybe the price reach the 2.27xx area like bottom, let's see, for me, the bulls are coming, and very strong on this pair, this pair is in a wide range between 2.24 - 2.56, it'd be perfect go to 2.56 
Keep the good work on this thread!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #6,956
- Apr 21, 2009 10:37pm Apr 21, 2009 10:37pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
any views on the EUR LFX and EUR/GBP close?
For EURLFX I see a Morning star pattern on daily charts, besides, the price touch the TL & the price is on the 78.6 fibo level, maybe is time to pullback, I mean, Euro bulls are coming, chart:
Daily:
Weekly:
Hope this helps!
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #6,959
- Apr 22, 2009 7:47am Apr 22, 2009 7:47am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
thank you very much!
And here we go, take a look to daily candle now on EURLFX, it looks like a bullish engulfing, next resistance zone is 2.53 and then 2.56xx, today looks like a bullish day, let's see how it plays.
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #6,960
- Apr 22, 2009 7:53am Apr 22, 2009 7:53am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
hi dear traders. I am sorry this is not candle related but for GBP traders I want to point out the ascending triangle on GBP LFX
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."