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Daily candle chart

  • #8,281
  • Jun 11, 2009 11:05am Jun 11, 2009 11:05am
Quoting Bones
1.8000 is under attach again
However you see it the weekly is very unlikely to turn Bullish in 24 hrs.

Hi tony, could ne resist to have a quick look at my trades, most are pretty healthy but the eur/lfx long bet against hussin was a loser.

Of course it was. Never trade against hussin

But usd/lfx is on the edge, because if we realy put fibo extensions on the chart, this would break this monthly 61.8 fibo level, which might end in a deep fall for the dollar. Lets see, if we get a double bottom, or full big fall.

From weekly ichomoku point of view we have just entered the land of the bears....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdlfx1.gif Size: 9 KB
Click to Enlarge Name: usdlfx2.gif Size: 9 KB
Click to Enlarge Name: usdlfxweekly.gif Size: 11 KB
Click to Enlarge Name: usdlfxmonthly.gif Size: 12 KB
  • #8,282
  • Jun 11, 2009 11:21am Jun 11, 2009 11:21am
I like to post it again: the pound is so pretty much bullish, I canīt believe this.

The GU has resistance ahead on the weekly but if I look at the usd/lfx and the gbp/lfx, I have no doubt that GU will go straight 1.69 and above.

Look how much room is above 3.02X resistance for gbp/lfx. If this level is taken I see 3.10X. This is pretty far away and pretty much money to win (or to lose).

Maybe I should concentrate to buy the pound on daily set-backs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 13 KB
Click to Enlarge Name: guday.gif Size: 12 KB
Click to Enlarge Name: glfx.gif Size: 10 KB
  • #8,283
  • Jun 11, 2009 1:30pm Jun 11, 2009 1:30pm
lol yes Peter we know only too well never trade against Hussin

I thank my lucky stars to ever have found him and this thread

and am pleased that what he has shown us ,this week,

has kept us well ahead of the game.


Quoting peaches
Hi tony, could ne resist to have a quick look at my trades, most are pretty healthy but the eur/lfx long bet against hussin was a loser.

Of course it was. Never trade against hussin

But usd/lfx is on the edge, because if we realy put fibo extensions on the chart, this would break this monthly 61.8 fibo level, which might end in a deep fall for the dollar. Lets see, if we get a double bottom, or full big fall.

From weekly ichomoku point of view we have just entered the land of the bears....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,284
  • Jun 11, 2009 4:22pm Jun 11, 2009 4:22pm
spotting trading opportunitys: gbp/nzd

but carefully, this has been in a ranging market long time.

On the other hand: a succesfull 4 h hammer is a 4 h succusfull hammer....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd4h.gif Size: 13 KB
Click to Enlarge Name: gbpnzdday.gif Size: 13 KB
Click to Enlarge Name: gbpnzdweek.gif Size: 15 KB
  • #8,285
  • Jun 11, 2009 4:46pm Jun 11, 2009 4:46pm
the approach leads me to think I should be looking at my extensions
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10) gbpusd d1 10 june.gif Size: 17 KB
Click to Enlarge Name: 12)gbplfx w1 11th june.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,286
  • Jun 11, 2009 4:53pm Jun 11, 2009 4:53pm
The $ did break the 1.8000 area,weekly currently engulfing ,could it be an outside?
Attached Image (click to enlarge)
Click to Enlarge Name: 12)usdlfx d1 11th june.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,287
  • Jun 12, 2009 12:21am Jun 12, 2009 12:21am
Quoting Bones
The $ did break the 1.8000 area,weekly currently engulfing ,could it be an outside?
I have a double bottom in mind, but next 8 hours will tell if further fall or retrace.

I have a clear buy usd/jpy, which scares me a bit, because this indicates USD bullishnes or extrem yen bearishness. I think the yen will be more bearish then the usd is bullish.

Also eur/lfx is near a point of exhausting his retrace, might start fall in the next 4-8 hours.
  • #8,288
  • Jun 12, 2009 1:56am Jun 12, 2009 1:56am
|I dont know if the eur is ready to break down yet peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12)eurlfx d1 12th june.gif Size: 29 KB
Click to Enlarge Name: 12)eurlfx d1 12th june plain.gif Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,289
  • Jun 12, 2009 2:06am Jun 12, 2009 2:06am
the lower wicks give the impression we will go higher .the one candle with the upper wick to the North dose not look bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: 13)eurlfx d1 12th june.gif Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,290
  • Jun 12, 2009 2:13am Jun 12, 2009 2:13am
I think today is going to be so interesting. either way at this point it makes no difference to me.
Attached Image (click to enlarge)
Click to Enlarge Name: 14) gbpusd w1 12j june.gif Size: 13 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,291
  • Jun 12, 2009 2:32am Jun 12, 2009 2:32am
Quoting Bones
I think today is going to be so interesting. either way at this point it makes no difference to me.
Tony, I agree. Especially the US Session will be most interisting on my charts
for usd/lfx. Up or down ?

If it does not turn down soon (4 h timeframe), we turn bullish.
  • #8,292
  • Jun 12, 2009 2:58am Jun 12, 2009 2:58am
The other possibility is a consolidation candle which makes sense after the large move Peter ,like the cable monthly history I was looking at ,so don't want to get caught in that,only still over a week to go...


Quoting Bones
Heres the thing with a 1500 pip monthly the momentum is strong.
So on all the data I have for cable I can not find one that simply tuns on a penny after such a candle (after the top/bottom is broke) ,in fact most don't make it past 61.8
Attached Image (click to enlarge)
Click to Enlarge Name: 13)usdlfx m1 12th june.gif Size: 13 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,293
  • Jun 12, 2009 3:25am Jun 12, 2009 3:25am
GBP_USD Spot.png

Weekly.....still Bullish,Engulfing Pattern.....

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 12 KB
  • #8,294
  • Jun 12, 2009 4:41am Jun 12, 2009 4:41am
Quoting Bones
|I dont know if the eur is ready to break down yet peter
Hm, Peaches, what made you think EU will go down and GU - in the opposite direction?..
One Chart is Worth Ten Thousand Words.
  • #8,295
  • Jun 12, 2009 5:44am Jun 12, 2009 5:44am
Quoting Forex007
Hm, Peaches, what made you think EU will go down and GU - in the opposite direction?..
Hi forex007, I was talking about the eur/lfx, which is a weighted basket of the eur against 6 or 8 other currencys. So compared with other currencys the eur is pretty weak. Sorry if I have said this wrong by saying "eur".

I will change my mind for eur/lfx, if current level 2.5380 will be broken.
Tony, drawing trendlines - like fibo levels - are high individual, maybe I got this wrong

Lets wait and see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurlfx4h.gif Size: 12 KB
Click to Enlarge Name: eurlfxday.gif Size: 12 KB
  • #8,296
  • Jun 12, 2009 6:00am Jun 12, 2009 6:00am
Quoting baz
GBP_USD Spot.png

Weekly.....still Bullish,Engulfing Pattern.....

baz
I baz, I have just added a (very) small long, will wait for turning current 4h candle bullish and usd/lfx bearish before adding more longs.

Current weekly candle is bullish, because we have this nice weekly resistance above, so there has to be a second try to break this resistance or turn bearish. Beginning next week will tell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 10 KB
Click to Enlarge Name: guweek.gif Size: 14 KB
  • #8,297
  • Jun 12, 2009 6:11am Jun 12, 2009 6:11am
Quoting peaches
Hi forex007, I was talking about the eur/lfx, which is a weighted basket of the eur against 6 or 8 other currencys. So compared with other currencys the eur is pretty weak. Sorry if I have said this wrong by saying "eur".

I will change my mind for eur/lfx, if current level 2.5380 will be broken.
Tony, drawing trendlines - like fibo levels - are high individual, maybe I got this wrong

Lets wait and see.
Thank you, Peaches!
One Chart is Worth Ten Thousand Words.
  • #8,298
  • Jun 12, 2009 4:53pm Jun 12, 2009 4:53pm
Quoting peaches
I baz, I have just added a (very) small long, will wait for turning current 4h candle bullish and usd/lfx bearish before adding more longs.

Current weekly candle is bullish, because we have this nice weekly resistance above, so there has to be a second try to break this resistance or turn bearish. Beginning next week will tell.
GBP_USD Spot.png

Peter....
well end of week.....Still looks Bullish....maybe a down move first,and than UP
Like you say,wait for Monday candle...see if a Test of Highs is made..

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 14 KB
  • #8,299
  • Jun 12, 2009 5:11pm Jun 12, 2009 5:11pm
this how I makes money

http://forexforums.dailyfx.com/attac...lyst-forex.jpg

http://forexforums.dailyfx.com/attac...yst-forex2.jpg

_________________________________

S + R = $$$

.
  • #8,300
  • Edited 2:53am Jun 13, 2009 2:42am | Edited 2:53am
Well thats all very well errich but whats it got to do with Japenese candles ,also this is a higher TF thread??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15) gbpusd h4 12j june.gif Size: 23 KB
Click to Enlarge Name: 1) gbpusd h4 9 th june.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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