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Daily candle chart

  • #7,381
  • Apr 27, 2009 3:24pm Apr 27, 2009 3:24pm
I have mentioned a bullish harami on usd/cad before.

A harami pattern is with low reliability, conservative traders wait for confirmation.

(Also keep in mind monthly candlestick pattern)

Recognition Criteria:
1. The market is in a bearish mood characterized by downtrend.
2. Then we see a long black candlestick.
3. We see a white candlestick on the following day where the small white real body is completely engulfed by the real body of the first day. The shadows (high/low) of the second candlestick are not necessarily contained within the first body, however it's preferable if they are.

http://www.candlesticker.com/Cs29.asp
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  • #7,382
  • Apr 27, 2009 3:25pm Apr 27, 2009 3:25pm
bearish shooting star
Attached Image (click to enlarge)
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Invincibility lies in the defence, the possibility of victory in the attack
  • #7,383
  • Apr 27, 2009 3:33pm Apr 27, 2009 3:33pm
Not actually fully back to trading for a bit .I tried when I first started trading to do it all only made myself ill ,lol. I feel a bit out of touch.
Cheers tho guys
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,384
  • Apr 27, 2009 3:35pm Apr 27, 2009 3:35pm
Hussin has said to this gold chart, this is a bullish engulfing candle.

Most importend is not the opening (the candle has not to embrace previous candle), but the close is most importend.

By this definition aus/usd is a bearish engulfing candle.

And this definition make sense. See aud/usd: The bearish opening below the nice green candle shows us power of bears. Also notice missing upper wick.
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  • #7,385
  • Apr 27, 2009 3:39pm Apr 27, 2009 3:39pm
Quoting Bones
Not actually fully back to trading for a bit .I tried when I first started trading to do it all only made myself ill ,lol. I feel a bit out of touch.
Cheers tho guys
Try a wodka+martini

All the best to you.

Good night traders
  • #7,386
  • Apr 27, 2009 3:39pm Apr 27, 2009 3:39pm
so all in all indicating an bullish us dollar tomorrow, good luck
Invincibility lies in the defence, the possibility of victory in the attack
  • #7,387
  • Apr 27, 2009 3:50pm Apr 27, 2009 3:50pm
one more

bearish engulfing on daily, and bearish identical three crows on H4

of course, i see a pullback in form of two or three line strike more often than not after a identical three crows pattern
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURGBP 090427 H4.png Size: 8 KB
Invincibility lies in the defence, the possibility of victory in the attack
  • #7,388
  • Apr 27, 2009 3:57pm Apr 27, 2009 3:57pm
Hi Silver
gaps are better ,an enhancement ,but not essential espicially in fx.There is a gap down.You can have a falling /rising 2,4 or 5 but three is optimal they do need to be small candles tho...


Quoting silverheat
ok, then i would say it looks likea 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
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,389
  • Apr 27, 2009 4:06pm Apr 27, 2009 4:06pm
I tried that but that is when I loose money,lol


Quoting peaches
Try a wodka+martini
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,390
  • Apr 27, 2009 10:56pm Apr 27, 2009 10:56pm
0.7025 is the daily trend line support, someone pull out a chart to see what i mean...
  • #7,391
  • Apr 28, 2009 3:49am Apr 28, 2009 3:49am
hi dear all
  • #7,392
  • Apr 28, 2009 3:49am Apr 28, 2009 3:49am
Quoting Bones
E J looks bearish on support ,which is under pressure.
agree
  • #7,393
  • Apr 28, 2009 3:51am Apr 28, 2009 3:51am
Quoting silverheat
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
agree with a falling three methods,
  • #7,394
  • Apr 28, 2009 3:52am Apr 28, 2009 3:52am
Quoting eswap0
H-S-H confirm your candles...or viceversa.
hi eswap
please only candlestick pattern no chart pattern
thank you
  • #7,395
  • Apr 28, 2009 3:53am Apr 28, 2009 3:53am
Quoting silverheat
this one gaps down, a bullish doji star
maybe tomorrow a bullish morning star, the white confirmation candle missing
no
  • #7,396
  • Apr 28, 2009 3:55am Apr 28, 2009 3:55am
Quoting silverheat
bullish engulfing, vice versa euro
CHF LFX is very positive in this time
  • #7,397
  • Apr 28, 2009 3:56am Apr 28, 2009 3:56am
Quoting silverheat
bearish harami cross
ya we have seen a good work by this pattern
  • #7,398
  • Apr 28, 2009 3:57am Apr 28, 2009 3:57am
Quoting peaches
Try a wodka+martini

All the best to you.

Good night traders
im with you
i drink you health !
  • #7,399
  • Apr 28, 2009 3:59am Apr 28, 2009 3:59am
Quoting Bones
I tried that but that is when I loose money,lol
lol
  • #7,400
  • Apr 28, 2009 4:00am Apr 28, 2009 4:00am
new changes in LFX market
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