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Daily candle chart

  • #7,221
  • Apr 25, 2009 10:27am Apr 25, 2009 10:27am
Quoting daffy
I have a question about the bearish on neck example posted earlier by Hussin. A lot of people will mark the example given as a 'pin bar', which for them would be a reversal signal. On a lower timeframe, it might have printed out as a bullish piercing line. Do we wait for confirmation in this case, or are there any other signs we can look for to suggest it is a continuation rather than a reversal?

Thanks
daffy this is a good example for you
let see a good work by bearish on neck
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  • #7,222
  • Apr 25, 2009 10:29am Apr 25, 2009 10:29am
Quoting hussin naiji
daffy this is a good example for you
let see a good work by bearish on neck
daffy you must pay attention to small upper wick
you can see easily assocation sellers in zone
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  • #7,223
  • Apr 25, 2009 10:31am Apr 25, 2009 10:31am
but new changes in LFX GBP-EUR-CHF
  • #7,224
  • Apr 25, 2009 10:46am Apr 25, 2009 10:46am
Quoting hussin naiji
daffy you must pay attention to small upper wick
you can see easily assocation sellers in zone
nice shorting opportunity hussin.

this is the pattern i'm looking @ in 4hr chart.
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  • #7,225
  • Apr 25, 2009 12:45pm Apr 25, 2009 12:45pm
Quoting pkimnyc
nice shorting opportunity hussin.

this is the pattern i'm looking @ in 4hr chart.
hi Paul thanks 4 your post
  • #7,226
  • Apr 25, 2009 12:49pm Apr 25, 2009 12:49pm
for weekly candle chart CHF LFX , now we can see a bullish engulfing pattern
only a close daily above 1.6870 is a confirmation for this pattern.
i think we will not see a confirmation for this bullish pattern !!
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  • #7,227
  • Apr 25, 2009 12:52pm Apr 25, 2009 12:52pm
Quoting hussin naiji
for weekly candle chart CHF LFX , now we can see a bullish engulfing pattern
only a close daily above 1.6870 is a confirmation for this pattern.
i think we will not see a confirmation for this bullish pattern !!

that is very interesting hussin...i will be very keen to see if this develops only really beacuse its adds weight to trendline trading as well...

thanks buddy for the heads up!!
  • #7,228
  • Apr 25, 2009 12:52pm Apr 25, 2009 12:52pm
Quoting hussin naiji
for weekly candle chart CHF LFX , now we can see a bullish engulfing pattern
only a close daily above 1.6870 is a confirmation for this pattern.
i think we will not see a confirmation for this bullish pattern !!
for next week
1.92/1.6870=1.1380~1.1410
1.925/1.680=1.1460~1.1500
  • #7,229
  • Apr 25, 2009 12:54pm Apr 25, 2009 12:54pm
but in the weekly candle chart USDCHF is other story
  • #7,230
  • Apr 25, 2009 1:08pm Apr 25, 2009 1:08pm
Quoting hussin naiji
but in the weekly candle chart USDCHF is other story
this form show to me a bearish 3 outside down for next week
but whetehr TL(weekly) allow for appearance this pattern on no?
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  • #7,231
  • Apr 25, 2009 1:11pm Apr 25, 2009 1:11pm
Quoting hussin naiji
this form show to me a bearish 3 outside down for next week
but whetehr TL(weekly) allow for appearance this pattern on no?
but my point of view for next week(USDCHF)
i wait for this candle
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  • #7,232
  • Apr 25, 2009 1:13pm Apr 25, 2009 1:13pm
hi Tony
l like know your view about weekly USDCHF
  • #7,233
  • Apr 25, 2009 1:18pm Apr 25, 2009 1:18pm
for weekly candle chart EUR LFX ,we can see a bullish harami
need a confirmation
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  • #7,234
  • Apr 25, 2009 1:21pm Apr 25, 2009 1:21pm
Quoting hussin naiji
for weekly candle chart EUR LFX ,we can see a bullish harami
need a confirmation
i think this bullish harami is only a small retracement
maybe we will see this picture for next time
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  • #7,235
  • Apr 25, 2009 1:33pm Apr 25, 2009 1:33pm
Quoting hussin naiji
i think this bullish harami is only a small retracement
maybe we will see this picture for next time
but FX EURUSD
  • #7,236
  • Apr 25, 2009 1:37pm Apr 25, 2009 1:37pm
Quoting hussin naiji
daffy you must pay attention to small upper wick
you can see easily assocation sellers in zone
Thanks Hussin, I'll keep my eye out for it.

I think I'm getting confused between that and a hammer reversal signal, and how to tell which one is which when you see it, but, the small upper wick, and the location seem key to differentiating between the two.

On a side note, in trying to find more information on this, I stumbled across this site, which illustrates the difference in appearance in candlestick patterns in the FX and equities market. It has the bearish on neck pattern just as you described it for FX.

http://www.fxwords.com/b/bearish-in-...-patterns.html
  • #7,237
  • Apr 25, 2009 1:43pm Apr 25, 2009 1:43pm
Quoting daffy
Thanks Hussin, I'll keep my eye out for it.

I think I'm getting confused between that and a hammer reversal signal, and how to tell which one is which when you see it, but, the small upper wick, and the location seem key to differentiating between the two....
yes
i have said that a bearish on neck is different in FX and equity market
note: even this website has not given useful information about a form bearish on neck pattern!!
  • #7,238
  • Apr 25, 2009 1:45pm Apr 25, 2009 1:45pm
Quoting hussin naiji
yes
i have said that a bearish on neck is different in FX and equity market
note: even this website has not given useful information about a form bearish on neck pattern!!
a bearish on neck pattern must have a close equal with close previous candle(red candle)in equity market
  • #7,239
  • Apr 25, 2009 2:56pm Apr 25, 2009 2:56pm
Good evening Hussin.
Well the weekly is a engulfing. But location does not give it power. Price seems to be drifting a little.
I wouldn’t be surprised to see a blue of bozu at all .But I still can not see the $ correction being complete.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,240
  • Apr 25, 2009 4:02pm Apr 25, 2009 4:02pm
When I look at the battle field I fell the bears maintain control ,and that the bulls will loose eventually.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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