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Daily candle chart

  • #8,881
  • Jul 20, 2009 2:32am Jul 20, 2009 2:32am
Has broken up straight away,which is great.I think Hussin at this point may say watch out for the underside of the old rising TL.The Hanging men were something to be aware of but location (mid range) and length of lower wick did not make them convincing.Also second one was nice and green.
Anyway JPY is being sold and bulls in control.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,882
  • Jul 20, 2009 2:39am Jul 20, 2009 2:39am
My views as posted on Eoh thread and Peters...

Cable.....
http://www.forexfactory.com/showpost...ostcount=19221

Euro
http://www.forexfactory.com/showpost...&postcount=313


baz
  • #8,883
  • Jul 20, 2009 2:45am Jul 20, 2009 2:45am
The Day has just begun,BUT a Bullish Engulfing in Progress...
GBP_USD Spot.png

baz
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  • #8,884
  • Jul 20, 2009 2:55am Jul 20, 2009 2:55am
good Job Baz my friend ,the $ is breaking down could be the next move
Attached Image (click to enlarge)
Click to Enlarge Name: 5) usdlfx h4 20th july.gif Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,885
  • Jul 20, 2009 3:01am Jul 20, 2009 3:01am
Quoting Bones
good Job Baz my friend ,the $ is breaking down could be the next move
Possible 1.6750 in sight....Put in another Test,or just go Past it..

Hey Tony,hopefully you will be here and posting more analysis .....i appreciate your work comes first though !!

baz
  • #8,886
  • Jul 20, 2009 3:11am Jul 20, 2009 3:11am
Yes Baz work first ,lol At my age with family ,large overheads ,etc etc, I would need to be very sure I could win week in week out in trading.
I love this thread Baz best on FF imo ,especially when H is around,will always post here.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,887
  • Jul 20, 2009 7:21am Jul 20, 2009 7:21am
Well I set my 6 ema with a shift of 1 for a breather with price.The watch for the wick over a rising and falling ma ,take a look back over time its very reliable on any TF.

I think 9 out of 10 times on the next candle you can come out with small loss at worst.
Attached Image (click to enlarge)
Click to Enlarge Name: 6)gbp jpy 20th july.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,888
  • Jul 20, 2009 7:24am Jul 20, 2009 7:24am
Also pretty good for tailing profit ,like as long as price under over
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,889
  • Jul 20, 2009 7:29am Jul 20, 2009 7:29am
Quoting Bones
Yes Baz work first ,lol At my age with family ,large overheads ,etc etc, I would need to be very sure I could win week in week out in trading.
I love this thread Baz best on FF imo ,especially when H is around,will always post here.
I just hope Hussin is ok,he really wanted this thread get more "HITS ",i have been following him since Day 1.......
He truly understands the Candles....even if timing is out,but he always says,he never trades with a SL...
Lets hope he gets back here,after all its his Home,and we are his Guests.!!
Anyway i will stay in touch....here or at Peters...

baz
  • #8,890
  • Jul 20, 2009 7:45am Jul 20, 2009 7:45am
Absolutely Baz I agree entirely.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,891
  • Jul 20, 2009 8:58am Jul 20, 2009 8:58am
Quoting baz
I just hope Hussin is ok,he really wanted this thread get more "HITS ",i have been following him since Day 1.......
He truly understands the Candles....even if timing is out,but he always says,he never trades with a SL...
Lets hope he gets back here,after all its his Home,and we are his Guests.!!
Anyway i will stay in touch....here or at Peters...

baz

Hi baz, I think hussin is OK, a few times in the year hussin is visiting the caspian sea. I don´t know, maybe he got friends there or a holiday home. In this time he is posting not that much.

Also I think, he is watching his trades all the time on lower timeframes on different accounts, so he close manually positions if candles are going against his positions too much (i think).

But in the press the situation in irak is calming down, which not means it is in reality calming down, so we hope he is OK.
  • #8,892
  • Jul 20, 2009 3:34pm Jul 20, 2009 3:34pm
The $ is looking like it wants to test the lows, daily looking V bearish as is
Attached Image (click to enlarge)
Click to Enlarge Name: 7) usdlfx d1 20th july.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,893
  • Jul 20, 2009 9:05pm Jul 20, 2009 9:05pm
Quoting baz
The Day has just begun,BUT a Bullish Engulfing in Progress...
GBP_USD Spot.png

baz
Hello Tony...The formation before the bullish candle on baz chart was a failed evening star?...
Never Stop Learning...
  • #8,894
  • Jul 21, 2009 12:00am Jul 21, 2009 12:00am
Hi ya Chonyc,long time no see.
I think maybe you can see a evening star there but would be a weak formation due to the size of candle 1 in relation to 2+3 and the lower wick of 3 shows us support off ppz.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,895
  • Jul 21, 2009 2:13am Jul 21, 2009 2:13am
Quoting Bones
Hi ya Chonyc,long time no see.
I think maybe you can see a evening star there but would be a weak formation due to the size of candle 1 in relation to 2+3 and the lower wick of 3 shows us support off ppz.

Thanks Tony. That is a bit deeper technical analysis. I was wondering why did it fail. Thanks very much...

I look in here once in a while for more insight on reading candle sticks...But I frequently posting up on the GU thread...Some of my posting are quite good...

Though, I still need more experience because sometimes I tend overlook things and make mistakes...I'm trading less often so that I can concentrate on accuracy. This way I can keep my losses to the minimun.
Never Stop Learning...
  • #8,896
  • Jul 21, 2009 1:58pm Jul 21, 2009 1:58pm
That’s exactly how I play it ,sometimes, it’s a great way to learn without the stress ... I also, like cable thread , as there are some great traders there right now, tho recently haven’t found much time for threads.
Candle hours under the belt are what is required to succeed my friend ,and im gald things are working out for you.
Quoting chonyc
I'm trading less often so that I can concentrate on accuracy. This way I can keep my losses to the minimun.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,897
  • Jul 21, 2009 10:21pm Jul 21, 2009 10:21pm
Quoting Bones
Candle hours under the belt are what is required to succeed my friend ,and im gald things are working out for you.
Rest assured I will. I'm on the Cable Update (GBPUSD) everyday. It really helps alot on my insight and see if my analysis coinsides with guys using other system. I am concentrating on one pair till I'm very good...Thank you very much, Tony!
Never Stop Learning...
  • #8,898
  • Jul 21, 2009 11:55pm Jul 21, 2009 11:55pm
Wonder where is our dear Mr. Hussin?
I miss his charts
  • #8,899
  • Jul 22, 2009 5:48am Jul 22, 2009 5:48am
I find when the wick crosses the 6 ,and the body free off the ma the best
like this double wammy we had on cable yesturday,any way my lips are sealed as I know this is off subject


Quoting Bones
Well I set my 6 ema with a shift of 1 for a breather with price.The watch for the wick over a rising and falling ma ,take a look back over time its very reliable on any TF.

I think 9 out of 10 times on the next candle you can come out with small loss at worst.
Attached Image (click to enlarge)
Click to Enlarge Name: 11)gbp usd h4 22tndjuly.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,900
  • Jul 22, 2009 6:27am Jul 22, 2009 6:27am
2.9200 is a problem for the pound.Close enough for TL touch?,it could be tweaked to do so and keep bodies in

Quoting Bones
Hope the weeks trading has been kind to all ....
2.9200 was almost tested bar 30 odd pips and we had a pretty large pull back,we are still in rising channel but getting close to support off that.
If things are to get real bearish Lower tl needs to break next week.
Attached Image (click to enlarge)
Click to Enlarge Name: 7) gbplfx 22nd july.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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