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Daily candle chart

  • #7,561
  • May 5, 2009 11:28am May 5, 2009 11:28am
Quoting peaches
Hi Infinity

Nice to see you here, greetings
Thanks Peaches.. Nice to see as well my friend....
Patience + Discipline - Greed = Success
  • #7,562
  • May 5, 2009 11:37am May 5, 2009 11:37am
Quoting peaches
Second invitation for the slow bulls, which are not on board yet.
I don't think so, be careful with longs, I see a Bearish harami pattern forming on daily charts

Attached Image (click to enlarge)
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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #7,563
  • May 5, 2009 11:39am May 5, 2009 11:39am
Quoting JhonMonsalve
I don't think so, be careful with longs, I see a Bearish harami pattern forming on daily charts

Attachment
Attached Image
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #7,564
  • May 5, 2009 12:00pm May 5, 2009 12:00pm
Quoting JhonMonsalve
I don't think so, be careful with longs, I see a Bearish harami pattern forming on daily charts

Attachment
Bearish Engulfing on 4H

Attached Image (click to enlarge)
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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #7,565
  • May 5, 2009 12:23pm May 5, 2009 12:23pm
i don't know whether a certain person have a question about candlesticks in this thread , only i must answer to this questioner
what a surprised!
  • #7,566
  • May 5, 2009 12:27pm May 5, 2009 12:27pm
Quoting analizer
Hi Hussin.
Nice to read you again.
As a candlestick beginner, Im just scratching the whole knowledge in this fascinating item, and so Im plenty of doubts while reading the post. I know there is some latitude in the FX market with candlesticks patterns, but I ask myself, what degree of latitude is right...
hi analizer
sorry for delay because i was poisoned(food posioning) in the past days and also i have not seen charts from open this week
  • #7,567
  • May 5, 2009 12:30pm May 5, 2009 12:30pm
Quoting peaches
Just want to catch the moment, daily is not closed yet on lfxjpy, but I
for this at daily close.
You hoping for a bearish advance block there?
  • #7,568
  • May 5, 2009 12:36pm May 5, 2009 12:36pm
Quoting analizer
Hi Hussin.
Nice to read you again.
As a candlestick beginner, Im just scratching the whole knowledge in this fascinating item, and so Im plenty of doubts while reading the post. I know there is some latitude in the FX market with candlesticks patterns, but I ask myself, what degree of latitude is right...
why this 3rd black candledoesnt close at a new low ?
why? you can more explain to me
Attached Image (click to enlarge)
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  • #7,569
  • May 5, 2009 12:41pm May 5, 2009 12:41pm
Quoting analizer
Hi Hussin.
Nice to read you again.
As a candlestick beginner, Im just scratching the whole knowledge in this fascinating item, and so Im plenty of doubts while reading the post. I know there is some latitude in the FX market with candlesticks patterns, but I ask myself, what degree of latitude is right...
but now you can see lower
analizer yes there is some latitude in the FX-LFX markets for candlesticks paterns
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  • #7,570
  • May 5, 2009 12:47pm May 5, 2009 12:47pm
Quoting analizer
Following my darkness...
no need to a small uptrend. we need only a limited range
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  • #7,571
  • May 5, 2009 1:02pm May 5, 2009 1:02pm
Quoting analizer
On the darkness crossroad...
please read again Japanese candlestick charting techniques ,written Steve Nison
section 4 reversal pattern dark-cloud cover
please look chart 4.26 & 4.27
is not necessary for Kabuse pattern that the second black candle opens above the high of the previous day.
only a open above high of the previous day give us a higher reliability only this.
even if you look chart 4.26 & 4.27 you can see that Nison agree with a Kabuse but no with a open above high of the previous day
dark-cloud cover no 2 in 4.27
dark- cloud cover no 1 in 4.26
best regards
Hussin
Attached Image (click to enlarge)
Click to Enlarge Name: 11.jpg Size: 96 KB
  • #7,572
  • May 5, 2009 2:19pm May 5, 2009 2:19pm
Quoting hussin naiji
why this 3rd black candledoesnt close at a new low ?
why? you can more explain to me
Hi Hussin
I hope you are healthier now. Of course health is more important than trading, so take your rest time & come fresh to your thread
Thanks for your answers. About your question, I understood that the 3rd black candlestick of a bearish thre outside down pattern should close at a new low (means it must close below the lower value of previus candle, as shown also in graphics) ... But looks like it only need to close below the previus candle close (wicks dont matter), right? ... And of course charts give you the reason.
"Even A Thousand Mile Journey Begins with the First Step"
  • #7,573
  • May 5, 2009 2:33pm May 5, 2009 2:33pm
Quoting hussin naiji
please read again Japanese candlestick charting techniques ,written Steve Nison
section 4 reversal pattern dark-cloud cover
please look chart 4.26 & 4.27
is not necessary for Kabuse pattern that the second black candle opens above the high of the previous day.
only a open above high of the previous day give us a higher reliability only this.
even if you look chart 4.26 & 4.27 you can see that Nison agree with a Kabuse but no with a open above high of the previous day
dark-cloud cover no 2 in 4.27
dark- cloud cover no 1 in 4.26
best regards
Hussin...
I have read those pages, and yes, there are cloud cover patterns that opens just above the previus white candle close, but Nisson describe those as a variation on the ideal dark close cover pattern (The second day`s price opens above the prior session`s high, that is above the top of the upper shadow), and as a sign of warning.... So maybe as your expertise in FX candlesticks, its more common this variation pattern because there are less gaps in the currency market price...

Thanks Hussin & again I wish you are healthier
Regards
"Even A Thousand Mile Journey Begins with the First Step"
  • #7,574
  • May 5, 2009 2:53pm May 5, 2009 2:53pm
Im sorry to hear that Hussin,
Anyway hope you feel better soon.



Quoting hussin naiji
hi analizer
sorry for delay because i was poisoned(food posioning) in the past days and also i have not seen charts from open this week
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,575
  • May 5, 2009 2:58pm May 5, 2009 2:58pm
Quoting Infinity
I agree... I see 5350 on the horizon...
agree
  • #7,576
  • May 5, 2009 3:09pm May 5, 2009 3:09pm
Quoting hussin naiji
hi analizer
sorry for delay because i was poisoned(food posioning) in the past days and also i have not seen charts from open this week
Sorry for your ill health.....but here is something to make you Smile....

http://www.thelaughtermovie.com/


baz
  • #7,577
  • May 5, 2009 3:16pm May 5, 2009 3:16pm
Just want to post some patterns that can be used as a blue print for a quick reference. I have one printed page above my screen (for more reference visit http://www.candlesticker.com
I will post more as soon as I have made them.
Please Hussin & contributors feel free to add/modify based on your experience of candlestick patterns in FX
Hope it can be useful.
Regards
Attached File(s)
File Type: doc Bearish Reversal Pattern.doc   302 KB | 503 downloads
"Even A Thousand Mile Journey Begins with the First Step"
  • #7,578
  • May 5, 2009 3:58pm May 5, 2009 3:58pm
Quoting hussin naiji
hi analizer
sorry for delay because i was poisoned(food posioning) in the past days and also i have not seen charts from open this week
Good health to you hussin

A lot of drinking tee will do it right.

I was ill the last 3 days too with my stomach, I wen´t to the doctor, get medicine and feel better now.
  • #7,579
  • May 5, 2009 4:03pm May 5, 2009 4:03pm
Quoting hussin naiji
hi analizer
sorry for delay because i was poisoned(food posioning) in the past days and also i have not seen charts from open this week
Glad to hear you've recovered from your illness.
  • #7,580
  • May 5, 2009 4:09pm May 5, 2009 4:09pm
Quoting JhonMonsalve
I don't think so, be careful with longs, I see a Bearish harami pattern forming on daily charts

Attachment
harami

No, I think its only a bearish candle.

For a harami, the green candle from the day before has to engulf the red one from today. (the red one has to fit inside the green one).

http://www.candlesticker.com/Cs41.asp

example for a harami candle attached.
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