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Daily candle chart

  • #8,141
  • Jun 2, 2009 2:19pm Jun 2, 2009 2:19pm
the daily is a difficult read -consolidating ,my bias is break up.
Attached Image (click to enlarge)
Click to Enlarge Name: 25) eurlfx d1 2st june.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,142
  • Jun 2, 2009 2:31pm Jun 2, 2009 2:31pm
Quoting Bones
Well LFXJPY is inverse to the others when it goes up the Yen is weakening...for me I think the Eur lfx will go to 2.5700 ...
thanks!
  • #8,143
  • Jun 2, 2009 4:25pm Jun 2, 2009 4:25pm
Hi dear traders!

Is this a valid hanging man on GBPLFX??, I hope for a pullback at least until 2.92 area, let's see how it plays!

Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: gbplfxd.gif Size: 20 KB


Thanks!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #8,144
  • Jun 3, 2009 8:20am Jun 3, 2009 8:20am
Quoting Bones
Hi Mack I see the potential only the $ keeps falling ,ill wait for a daily signal at least.
My target is a few hundred lower.
That daily candle is looking sharp for the area mentioned yesterday. Have to see where it takes us from here.
  • #8,145
  • Jun 3, 2009 8:44am Jun 3, 2009 8:44am
Yes looks bullish at mo ,but within its range,1.1 just above,the $ has been perky ,watching to see if we can get a nice engulfing on the usdlfx daily ..
Attached Image (click to enlarge)
Click to Enlarge Name: 50) usd csd d1 3nd june.gif Size: 11 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,146
  • Jun 3, 2009 8:45am Jun 3, 2009 8:45am
Quoting JhonMonsalve
Hi dear traders!

Is this a valid hanging man on GBPLFX??, I hope for a pullback at least until 2.92 area, let's see how it plays!

Chart:

Attachment

Thanks!

Jhon
Here we go! This setup is playing pretty well , hanging more confirmation!

Attached Image (click to enlarge)
Click to Enlarge Name: gbplfxd.gif Size: 24 KB


Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #8,147
  • Jun 3, 2009 8:48am Jun 3, 2009 8:48am
Quoting Bones
Yes looks bullish at mo ,but within its range,1.1 just above,the $ has been perky ,watching to see if we can get a nice engulfing on the usdlfx daily ..
hi bones, a retrace around 1,085 would be nice for a long
seen the dollar? I was not surprised actually, but I expect a reaction from other currencies before the reversal
  • #8,148
  • Jun 3, 2009 8:51am Jun 3, 2009 8:51am
Quoting baz
we can expect some RESSISTANCE,but looking at UK Fundies,it seems to get better with every release......
i think we will know by Friday, BUT there has to be a RETRACE ????...even if Cable remains Bullish on the Monthly ...
i am not Shorting Cable yet.......

Ps Tony,on the Daily it boke out of the Upper Channel line as well

baz
Hi Baz! how are you sir?

What do you see on USDLFX??

On Daily I see a kinda Tweezers bottom??

Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.gif Size: 19 KB


On Weekly is forming a PB:

Attached Image (click to enlarge)
Click to Enlarge Name: usdlfxw.gif Size: 20 KB


Thanks!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #8,149
  • Jun 3, 2009 9:06am Jun 3, 2009 9:06am
Yep Fammira could be re think time if we get a nice engulfing in that location,anything less im going to be wary ,espiecally under 1.8000

What also worries me about the set up is the on the neck to the left within the range of the engulfing.

Quoting fammira
hi bones, a retrace around 1,085 would be nice for a long
seen the dollar? I was not surprised actually, but I expect a reaction from other currencies before the reversal
Attached Image (click to enlarge)
Click to Enlarge Name: 55) usdlfx daily d1 3 st june.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,150
  • Jun 3, 2009 9:10am Jun 3, 2009 9:10am
Quoting JhonMonsalve
Hi Baz! how are you sir?

What do you see on USDLFX??

On Daily I see a kinda Tweezers bottom??

Attachment

On Weekly is forming a PB:

Attachment

Thanks!

Jhon

GBP_USD Spot.png


Hi Jhon

Cable News was once again GOOD from UK......
lookingat the 12 hr Tf......a Decisive break of the TREND LINE may possible indicate a TREND CHANGE....but i prefer to wait for WEEKLY close...
You should have shorted Cable today......
to days Down move as viewed on the chart looks just like a RETRACEMENT,the normal Ebb and Flow of Market...
2 days of High Impact news to come.i dont see a UK to change Rates,and NFP will come in as expected.....
Cable may drop further tommorow....possibly hit the TREND LINE..

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 10 KB
  • #8,151
  • Jun 3, 2009 9:16am Jun 3, 2009 9:16am
Quoting Bones
Yep Fammira could be re think time if we get a nice engulfing in that location,anything less im going to be wary ,espiecally under 1.8000

What also worries me about the set up is the on the neck to the left within the range of the engulfing.
i think after a few wild up and down moves we could see the engulfing you are calling for. let's wait for the weekend set up and see

How are you set?
I just turned my shorts into longs on AUD and GBP, and I am looking to sell and turn short again on new highs if I am not asking for too much
Unfortunately I missed a nice short on GBP for 6 pips...

good luck!
  • #8,152
  • Jun 3, 2009 9:23am Jun 3, 2009 9:23am
Quoting fammira
i think after a few wild up and down moves we could see the engulfing you are calling for. let's wait for the weekend set up and see

How are you set?
I just turned my shorts into longs on AUD and GBP, and I am looking to sell and turn short again on new highs if I am not asking for too much
Unfortunately I missed a nice short on GBP for 6 pips...

good luck!
Famira..
Cable is at a Good Location Now,for a LONG....but me,i will wait

baz( the chicken )
  • #8,153
  • Jun 3, 2009 9:32am Jun 3, 2009 9:32am
No im not long not from here Fammira me chicken too ,lol
Price had to break the channel to hit target,but still I wasnt happy to short.Good job I closed longs tho.


Quoting Bones
Yes Baz 1.6672 (From the daily)is on my radar ,would you say it will cap?

We do seem to have come a long way without retrace...
Attached Image (click to enlarge)
Click to Enlarge Name: 50) gbpusd h4 3nd june.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,154
  • Jun 3, 2009 9:33am Jun 3, 2009 9:33am
Quoting baz
GBP_USD Spot.png


Hi Jhon

Cable News was once again GOOD from UK......
lookingat the 12 hr Tf......a Decisive break of the TREND LINE may possible indicate a TREND CHANGE....but i prefer to wait for WEEKLY close...
You should have shorted Cable today......
to days Down move as viewed on the chart looks just like a RETRACEMENT,the normal Ebb and Flow of Market...
2 days of High Impact news to come.i dont see a UK to change Rates,and NFP will...
Thanks baz, your input is more than welcome , in effect, I sold Geppy today, and I hope for a retracement to 2.92 area on GBPLFX, like I was posting before!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #8,155
  • Jun 3, 2009 10:08am Jun 3, 2009 10:08am
Quoting JhonMonsalve
Hi Baz! how are you sir?

What do you see on USDLFX??

On Daily I see a kinda Tweezers bottom??

Attachment

On Weekly is forming a PB:

Attachment

Thanks!

Jhon
I'd like to see close of this daily candle, now isn't a tweezer bottom, is forming a bullish engulfing, trade safe!

Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.gif Size: 19 KB


Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #8,156
  • Jun 4, 2009 1:16am Jun 4, 2009 1:16am
Lots of daily reversal type candles yesturday,tho I do wonder about them ,and if they are real how long it would take to play out,If you take the cad weekly I was really strugging with the thought it would go higher before Friday.Are we really going to get an engulfing just after a weekly TL break?
Attached Image (click to enlarge)
Click to Enlarge Name: 51) usd cad d1 4nd june.jpg Size: 71 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,157
  • Jun 4, 2009 1:24am Jun 4, 2009 1:24am
Also say cable yes an engulfing on the daily but at this point I would question as to how far it can go.If the weekly closes negative then that would be very neg at this point and I dont see it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 51) gbp usd d1 4nd june.gif Size: 18 KB
Click to Enlarge Name: 51) gbp usd w1 4nd june.gif Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,158
  • Jun 4, 2009 1:53am Jun 4, 2009 1:53am
Quoting Bones
Also say cable yes an engulfing on the daily but at this point I would question as to how far it can go.If the weekly closes negative then that would be very neg at this point and I dont see it.
Tony....i know we should Focus on Charts and candle Patterns......BUT the price of OIL is not what the Uk or Euro public will like.......so thats an inverse for DOLLAR......so choice A STONG DOLLAR or HIGHER OIL PRICES....
But lets see for weekly close at Minimum

baz
  • #8,159
  • Jun 4, 2009 3:34am Jun 4, 2009 3:34am
Actually Baz your like Hussin you speak a lot of sense when sometimes I am not ,lol

Yes its interesting Oil also had a bearish engulfing...right at 38.3%

But Baz something I'm noticing a lot more recently is after formation to be careful of the run you can get before potential bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: 51) oil d1 4nd june.jpg Size: 73 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,160
  • Jun 4, 2009 4:25am Jun 4, 2009 4:25am
Quoting Bones
Actually Baz your like Hussin you speak a lot of sense when sometimes I am not ,lol

Yes its interesting Oil also had a bearish engulfing...right at 38.3%

But Baz something I'm noticing a lot more recently is after formation to be careful of the run you can get before potential bounce.
Tony you too make sense as well.....but really ,all we have is the CHARTS,as i have no way of understanding MACRO ECONOMICS,that i will leave to Hussin....but i just cant understand the Price of oil being High,as i cant see any uplift in the Economy.yet UK news gets better all the time!!??
So back to the Charts...

baz
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