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Daily candle chart

  • #8,341
  • Jun 15, 2009 8:15am Jun 15, 2009 8:15am
well GBp Lite FX has made a another High,while Cable went down,SO one of these 2 will reverse ???

baz
  • #8,342
  • Jun 15, 2009 8:15am Jun 15, 2009 8:15am
Quoting hussin naiji
have more green pips for dear all till open NY
Hussin
hi dear all
  • #8,343
  • Jun 15, 2009 8:16am Jun 15, 2009 8:16am
Quoting baz
well GBp Lite FX has made a another High,while Cable went down,SO one of these 2 will reverse ???

baz
hi baz or maybe we will see a good work by a hanging man
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  • #8,344
  • Jun 15, 2009 8:19am Jun 15, 2009 8:19am
Quoting Galation
I totally agree. I am looking closely at this. It can be one of several things.

1. A fake double top, where price drops down to prevailing trend line, and bounces up from there.
2. A double top which reverses the trend down.
3. Ranging sideways.
4. None of the above.

It would be useful to note that the global demand for oil forecast has been released and demand is set to be high, therefore prices of oil should increase. The price of oil could potentially, in Alistair Darling's point of view, supress the UK economy and push it down.

I hope...
hi Galation .welcome to you
  • #8,345
  • Jun 15, 2009 8:20am Jun 15, 2009 8:20am
Quoting baz
well GBp Lite FX has made a another High,while Cable went down,SO one of these 2 will reverse ???

baz
i must pay attention to see signals short GBPUSD and long USDCAD in the next time
  • #8,346
  • Jun 15, 2009 8:23am Jun 15, 2009 8:23am
Quoting hussin naiji
good bye 39
eur lfx have hard for a breakout under 2.5200
but we can see this breakout
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  • #8,347
  • Jun 15, 2009 8:30am Jun 15, 2009 8:30am
Quoting hussin naiji
hi baz or maybe we will see a good work by a hanging man
yes Hussin,well spotted, i did not see the 4 hr charts....

looks like Cable will move down
  • #8,348
  • Jun 15, 2009 8:34am Jun 15, 2009 8:34am
we can see a abortion hammer by sellers
a close under 6680 will show us 1.10 for USDCHF
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  • #8,349
  • Jun 15, 2009 8:36am Jun 15, 2009 8:36am
Quoting hussin naiji
i must pay attention to see signals short GBPUSD and long USDCAD in the next time
Hussin on 4 hr GbP LiteFx,the Hangman, Do YOU like to see a Confirmation Candle...and than consider Market direction..?


baz
  • #8,350
  • Jun 15, 2009 8:42am Jun 15, 2009 8:42am
[quote=baz;2803542]Hussin on 4 hr GbP LiteFx,the Hangman, Do YOU like to see a Confirmation Candle...and than consider Market direction..?


no i think no deed for confirmation
  • #8,351
  • Jun 15, 2009 8:47am Jun 15, 2009 8:47am
Quoting hussin naiji
no i think no deed for confirmation
Agreed! Nice to see you Hussin! I hope all is well with you and more green pips!

We could see the double top (tweezers) and shooting star on the weekly finally play out. Today's close will be interesting.
Just digging in the trenches like everyone else!
  • #8,352
  • Jun 15, 2009 8:47am Jun 15, 2009 8:47am
GBP_USD Spot.png

thank you Hussin......my only concern is the BULLISH candle last week,it also engulfs the REAL BODY of previous week...


baz
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  • #8,353
  • Jun 15, 2009 8:50am Jun 15, 2009 8:50am
Quoting baz
Hussin on 4 hr GbP LiteFx,the Hangman, Do YOU like to see a Confirmation Candle...and than consider Market direction..?


baz
hey man pay attention to spinning tops
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  • #8,354
  • Jun 15, 2009 8:53am Jun 15, 2009 8:53am
Quoting hussin naiji
hey man pay attention to spinning tops
YES YES....i see !!
i just cut my LAWN,and my head is SPINNING now !!!

baz
  • #8,355
  • Jun 15, 2009 8:54am Jun 15, 2009 8:54am
Quoting baz
GBP_USD Spot.png

thank you Hussin......my only concern is the BULLISH candle last week,it also engulfs the REAL BODY of previous week...


baz
If I may, yes it engulfs the real body of the the shooting star, however, it did make a lower high and lower low. Until it takes out the candle completely, including the upper wick, the shooting star is still in play.
Just digging in the trenches like everyone else!
  • #8,356
  • Jun 15, 2009 8:56am Jun 15, 2009 8:56am
Quoting eohater
Agreed! Nice to see you Hussin! I hope all is well with you and more green pips!

We could see the double top (tweezers) and shooting star on the weekly finally play out. Today's close will be interesting.
hi my dear bro also nice to see you EO
  • #8,357
  • Jun 15, 2009 8:58am Jun 15, 2009 8:58am
Quoting eohater
If I may, yes it engulfs the real body of the the shooting star, however, it did make a lower high and lower low. Until it takes out the candle completely, including the upper wick, the shooting star is still in play.
Hi EoH
good to see you.....i understand,and i did get burned last week on Wenesday shorting cable... i also shorted this Sunday as well and on The side now..
Euro seems a Nice clean move compared to Cable...

baz
  • #8,358
  • Jun 15, 2009 9:00am Jun 15, 2009 9:00am
Quoting baz
GBP_USD Spot.png

thank you Hussin......my only concern is the BULLISH candle last week,it also engulfs the REAL BODY of previous week...


baz
I share this concern as well baz... I think 6240 is a very important level...Though I also see the weekly 5ema a possible destination as it also lines up with my weekly 50ema... we may see some buyers there...
Patience + Discipline - Greed = Success
  • #8,359
  • Jun 15, 2009 9:02am Jun 15, 2009 9:02am
PS on Cable Weekly,for this week,on my Charts anyway, i dont have an UPPER WICK yet as well,so that also is a Concern....but i will see how todays Candle ends up..

baz
  • #8,360
  • Jun 15, 2009 9:02am Jun 15, 2009 9:02am
Quoting baz
Hi EoH
good to see you.....i understand,and i did get burned last week on Wenesday shorting cable... i also shorted this Sunday as well and on The side now..
Euro seems a Nice clean move compared to Cable...

baz
Good to see you baz ! Yeah! The shooting star didn't play out last week for diddly! You know how I roll, both directions, so I was able to regain composure and still make pippage.
Just digging in the trenches like everyone else!
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