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Daily candle chart

  • #7,361
  • Apr 27, 2009 2:35pm Apr 27, 2009 2:35pm
Quoting hussin naiji
only in one case i agree with you for a pullback
if this pattern will be a bullish fooling 3 soldiers. only this
but this pattern is a bullish continuation pattern
in this ponit we must look a bullish reversal pattern no .....
  • #7,362
  • Apr 27, 2009 2:36pm Apr 27, 2009 2:36pm
Quoting hussin naiji
but Peter only we have seen a false breakout in the previous days for CHF LFX
I see main direction, but slow traders like me need a second chance for better entry, and I have 4 h candles on my side giving argument to wait for a better short entry.

I wait for pullback to trendline, then I enter short with candle confirmation.
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  • #7,363
  • Apr 27, 2009 2:38pm Apr 27, 2009 2:38pm
i dont trade EJ, but i will give you my view

we are in a downtrend, we ran into resistance @ 126, i wouldnt short here, but i would expect price to go lower to 124, on friday was a hanging man at the downtrendline, a signal for short, today we have a black opening marubozu (low reliability) but the shaven head shows strong initiative of sellers with bearish previous candle it indicates not a reversal but more a continuation.
additionally, i will watch the usual points for break (blue lines on h4)
Attached Image(s) (click to enlarge)
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Invincibility lies in the defence, the possibility of victory in the attack
  • #7,364
  • Apr 27, 2009 2:40pm Apr 27, 2009 2:40pm
Quoting peaches
I see main direction, but slow traders like me need a second chance for better entry, and I have 4 h candles on my side giving argument to wait for a better short entry.

I wait for pullback to trendline, then I enter short with candle confirmation.
Peter for a pullback we can see other 60 pips(up)
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  • #7,365
  • Apr 27, 2009 2:42pm Apr 27, 2009 2:42pm
Quoting hussin naiji
Peter for a pullback we can see other 60 pips(up)
now 1.9322/1.6718=1.1556
for other 60 pips
1.9322/1.6790=1.1508
maybe maybe
  • #7,366
  • Apr 27, 2009 2:43pm Apr 27, 2009 2:43pm
Quoting hussin naiji
now 1.9322/1.6718=1.1556
for other 60 pips
1.9322/1.6790=1.1508
maybe maybe
if 1.9322 will be fixed for next hours
  • #7,367
  • Apr 27, 2009 2:44pm Apr 27, 2009 2:44pm
Quoting hussin naiji
Peter for a pullback we can see other 60 pips(up)
This is, what I`am waiting for.

Price alway goes maximum. It take, what he/she can get.

But jpy/lfx.

Intervention from BOJ ?

At the top of a trading range; I would say, we see poor(=means a not very good) a evening star.

Oh, I see E/J have nearly same pattern.
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  • #7,368
  • Apr 27, 2009 2:46pm Apr 27, 2009 2:46pm
Quoting silverheat
i dont trade EJ, but i will give you my view

we are in a downtrend, we ran into resistance @ 126, i wouldnt short here, but i would expect price to go lower to 124, on friday was a hanging man at the downtrendline, a signal for short, today we have a black opening marubozu (low reliability) but the shaven head shows strong initiative of sellers with bearish previous candle it indicates not a reversal but more a continuation.
additionally, i will watch the usual points for break (blue lines on h4)
this thread is daily candle chart no methods of Alan Andrews(pitchfork)
please show candlestick analysis
  • #7,369
  • Apr 27, 2009 2:48pm Apr 27, 2009 2:48pm
Quoting silverheat
i dont trade EJ, but i will give you my view

we are in a downtrend, we ran into resistance @ 126, i wouldnt short here, but i would expect price to go lower to 124, on friday was a hanging man at the downtrendline, a signal for short, today we have a black opening marubozu (low reliability) but the shaven head shows strong initiative of sellers with bearish previous candle it indicates not a reversal but more a continuation.
additionally, i will watch the usual points for break (blue lines on h4)
please show to memebers hunting candlestick patterns yourselves
thanks again
  • #7,370
  • Apr 27, 2009 2:49pm Apr 27, 2009 2:49pm
have a nice time for deal all
good night
Hussin
  • #7,371
  • Apr 27, 2009 2:51pm Apr 27, 2009 2:51pm
E J looks bearish on support ,which is under pressure.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,372
  • Apr 27, 2009 2:56pm Apr 27, 2009 2:56pm
Quoting Bones
E J looks bearish on support ,which is under pressure.
Wow..its a great signal to sell 126.18 uh?
  • #7,373
  • Apr 27, 2009 2:57pm Apr 27, 2009 2:57pm
Hi Tony
Good to see you back......from your Haiiwaian Holiday !!!


baz
  • #7,374
  • Apr 27, 2009 2:59pm Apr 27, 2009 2:59pm
Quoting hussin naiji
please show to memebers hunting candlestick patterns yourselves
thanks again
ok, then i would say it looks like a falling three methods, only there are four candles in it. other than that, the black opening marubozu wich is a low reliability pattern, it could indicate either reversal or continuation depending on previous candle.

i dont agree with bones, because a star has to gap up or down, an evening star pattern, therefore gaps up, the following candle is about half the candle before the star.

edit: or a hanging man with confirmation
Attached Image
Invincibility lies in the defence, the possibility of victory in the attack
  • #7,375
  • Apr 27, 2009 3:08pm Apr 27, 2009 3:08pm
I think, we should take notice about a very good and reliable pattern, it is called

"Dark cloud Cover"

Recognition Criteria:
1. Market is characterized by an uptrend.
2. We see a long white candlestick in the first day.
3. Then we see a black body characterized by an open above the high of the previous day on the second day.
4. The second black candlestick closes within and below the midpoint of the previous white body.

http://www.candlesticker.com/Cs48.asp



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  • #7,376
  • Apr 27, 2009 3:14pm Apr 27, 2009 3:14pm
Quoting Bones
E J looks bearish on support ,which is under pressure.
H-S-H confirm your candles...or viceversa.
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Trading: the skill of avoiding trades
  • #7,377
  • Apr 27, 2009 3:18pm Apr 27, 2009 3:18pm
this one gaps down, a bullish doji star
maybe tomorrow a bullish morning star, the white confirmation candle missing
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Invincibility lies in the defence, the possibility of victory in the attack
  • #7,378
  • Apr 27, 2009 3:18pm Apr 27, 2009 3:18pm
Quoting Bones
E J looks bearish on support ,which is under pressure.
welcome back

I thought about an evening star too.
  • #7,379
  • Apr 27, 2009 3:21pm Apr 27, 2009 3:21pm
bullish engulfing, vice versa euro
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Invincibility lies in the defence, the possibility of victory in the attack
  • #7,380
  • Apr 27, 2009 3:23pm Apr 27, 2009 3:23pm
bearish harami cross
Attached Image (click to enlarge)
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Invincibility lies in the defence, the possibility of victory in the attack
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