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Daily candle chart

  • #7,461
  • Apr 30, 2009 2:00am Apr 30, 2009 2:00am
Something to watch for on EURLFX I think

History seems to be trying to repeat itself, see from earlier we had a long white candle, then an indecisive candle, then a shooting star type candle, then a long bearish candle. We've got the long white candle, we've got the indecisive candle, so if history did repeat itself, we'd be expecting a shooting star type candle, however, I think we need to watch for a breakout here. The indecisive this time around had a higher low, a higher close, a higher open and a higher high than the previous indecisive. To me that indicates bulls are stronger this time around. Let's see.
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  • #7,462
  • Apr 30, 2009 2:30am Apr 30, 2009 2:30am
watch chf/lfx.

It looks like the weekly candle from last week is failing.

Yesterday might have been a dark cloud cover. Short would be with the monthly trend :-)

The 4 hour looks like a double top now.

  • #7,463
  • Apr 30, 2009 3:49am Apr 30, 2009 3:49am
Quoting peaches
Sorry now charts from me, I was hit hard last days, causes by the yen.

But I think monthly candles give us right direction. Monthly usdlfx might give a 3 outside down.

On weekly lfxyen I see a (bullish) continuation pattern. This gives a monthly indicision / continuation candle (Rickshaw man).

I took my first steps on the stock market with candlesticks, looks very promissing because most of them are down, so easy to spot bullish reversal candles
hi peaches what stock market did u have a go at

im thinking of having a look at the us market next week
  • #7,464
  • Apr 30, 2009 5:03am Apr 30, 2009 5:03am
Never had the chnce to post this chart last night but here is my view
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,465
  • Apr 30, 2009 6:00am Apr 30, 2009 6:00am
Quoting Bones
Never had the chnce to post this chart last night but here is my view

very good

I didnīt see that !
  • #7,466
  • Apr 30, 2009 6:05am Apr 30, 2009 6:05am
Quoting desperate
hi peaches what stock market did u have a go at

im thinking of having a look at the us market next week
I have only stocks which are offered by http://www.liteforex.org.

This are maybe 30 most commen US stocks.

I make analyses on weekend and post in proper thread then.

My Walmart and coca cola from yesterday have had a "lift of"
Pfizer was a loser.

Good looking is Citigroup and GM, which are very much down (which means there is up potential). We need a good candle signal for turning.
  • #7,467
  • Apr 30, 2009 6:08am Apr 30, 2009 6:08am
I`am looking for a red weekly candle with a open above the previous weekly candle and a close inside the body of the previous candle....
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  • #7,468
  • Apr 30, 2009 6:11am Apr 30, 2009 6:11am
but UP is against the weekly / monthly trend, so maybe better wait for confirmation.

a daily bullish harami would be interisting...
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  • #7,469
  • Apr 30, 2009 10:24am Apr 30, 2009 10:24am
Here is reliable bullish weekly continuation pattern for lfx/jpy:

Was a bit surprised, I should have noticed a doji above ichimoku cloud always is a long.

I think weekly is a mat hold or a rising three methods (not perfect):

http://www.candlesticker.com/Cs86.asp
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  • #7,470
  • Apr 30, 2009 10:31am Apr 30, 2009 10:31am
tommorrow a bullish candle close above the daily candle from wednesday
might give us a three inside up pattern for nzd/lfx:

http://www.candlesticker.com/Cs61.asp

This might turn weekly candle into a bullish candle.

at the moment it is a bullish harami candle.
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  • #7,471
  • Apr 30, 2009 4:43pm Apr 30, 2009 4:43pm
Hi dear Traders!

I see a Morning Star on daily USDLFX, maybe it's time to pullback in all USD pairs, What do you think?

Chart:

Attached Image (click to enlarge)
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Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #7,472
  • Apr 30, 2009 4:45pm Apr 30, 2009 4:45pm
Quoting JhonMonsalve
Hi dear Traders!

I see a Morning Star on daily USDLFX, maybe it's time to pullback in all USD pairs, What do you think?

Chart:

Attachment

Jhon
Btw, this pattern is a PB too, has a great setup, besides is on daily chart.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #7,473
  • Edited May 2, 2009 6:46pm Apr 30, 2009 7:10pm | Edited May 2, 2009 6:46pm
Hi there,

Did anyone noticed the setup on USD/JPY yesterday. We had a hammer and Bullish Engulfing pattern which also confirmed a support. I was wondering if anyone spotted the same setup and went long.

I went long at open yesterday at 97.67, so far up by 125 pips. See the screen capture from one of my small account with FXCM.

Regards,
FirePips

http://forex.firepips.com/images/trades/uj.gif

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  • #7,474
  • May 1, 2009 10:04am May 1, 2009 10:04am
Where's Hussin? He seems to have vanished since Wednesday. Holiday?
  • #7,475
  • May 1, 2009 3:59pm May 1, 2009 3:59pm
yes it could, may be slightly defective

Quoting Bones
Could it be a rising 3 ?
Attached Image (click to enlarge)
Click to Enlarge Name: 1) lfx jpy 1st may weekly.gif Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,476
  • May 1, 2009 4:19pm May 1, 2009 4:19pm
Well I would have prefered a close above 52.093...
My dailys the last 2 days.

Quoting Bones
Bullish potential.Id like a bullish day here.Last day of the month.
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,477
  • May 1, 2009 4:25pm May 1, 2009 4:25pm
Quoting Bones
Well I would have prefered a close above 52.093...
My dailys the last 2 days.
good stuff bro...charts looking fantastic as ever, hope u doing well, actually i will rephrase i know u are
  • #7,478
  • May 1, 2009 5:13pm May 1, 2009 5:13pm
Yes Nav I’m doing good.
Hussin has helped me here beyond belief really opened my eyes to so much.
I keep meaning to post over at yours but no time at all .....
I see your doing great tho on the higher TFs
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,479
  • May 2, 2009 3:48am May 2, 2009 3:48am
Quoting Bones
Yes Nav I’m doing good.
Hussin has helped me here beyond belief really opened my eyes to so much.
I keep meaning to post over at yours but no time at all .....
I see your doing great tho on the higher TFs
yes actually u and hussin again responsible i been trading the candlestick formation and this on a larger time frame makes all the difference...i keep planing to read a book on candle sticks....but theres never enough time

i will do thou b4 i go live them prehaps i can start making some cash....chat to u in a bit bro
  • #7,480
  • May 2, 2009 9:14am May 2, 2009 9:14am
on monthly april is a rickshaw man or long-legged doji, with equal and long upper and lower shadows and a small body, meaning after one month trading nothing was won or lost, we are were we started last month. the month before we saw a long upper shadow, showing the weakness of bulls, or the strength of the dollar.

on weekly chart is unclear for me in terms of candlestick analysis. not a hanging man because it has to be on top of an uptrend, though indicating that bulls took over after two line strike on monday.

on daily we see an assault by bulls, but strong resistance at 1.33, thursday not only failed to break with long upper shadow, it also closed with a small black body.
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