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Daily candle chart

  • #8,961
  • Jul 26, 2009 9:33pm Jul 26, 2009 9:33pm
Hi Hussin and every one,nice day from Viet Nam.I have come back after graduating university.
Trading FX continuous
  • #8,962
  • Jul 29, 2009 1:31am Jul 29, 2009 1:31am
Quoting thang822462
Hi Hussin and every one,nice day from Viet Nam.I have come back after graduating university.
Trading FX continuous
Hi all I see that an unclear direction now.
I am waiting some setiments to confirm.
Attached Image (click to enlarge)
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  • #8,963
  • Jul 29, 2009 11:08am Jul 29, 2009 11:08am
Quoting thang822462
Hi all I see that an unclear direction now.
I am waiting some setiments to confirm.
But I can see that It is difficulf for EU to upside
support SMA50=14000
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  • #8,964
  • Jul 29, 2009 3:23pm Jul 29, 2009 3:23pm
Nice to have you back Thang ,hope all went well with your exams,
yea things seem a bit Haywire at mo with the markets.Found myself cluttering the thread a bit so not posted for a few days.
I'm on holiday for a few weeks myself so catch you later.


Quoting thang822462
Hi Hussin and every one,nice day from Viet Nam.I have come back after graduating university.
Trading FX continuous
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,965
  • Jul 29, 2009 3:43pm Jul 29, 2009 3:43pm
well the USD has done very well the past 2 days. It's certainly making an effort to show a better monthly candle for July!
'The past will always show us the future'
  • #8,966
  • Jul 30, 2009 3:58am Jul 30, 2009 3:58am
2.9200 has held right on the rising TL
If I'm honest I still struggle to make money out of these charts...

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: 100)gbp lfx d1 30 th july.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,967
  • Jul 30, 2009 4:00am Jul 30, 2009 4:00am
I agree Hussin the tl is calling will probably reject

Quoting hussin naiji
for weekly candle chart GBP LFX we will see 2 tops for this index
in fact a retest above 3.0100 then
Attached Image (click to enlarge)
Click to Enlarge Name: 100)gbp lfx w1 30 th july.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,968
  • Jul 30, 2009 4:08am Jul 30, 2009 4:08am
Actually not the chart ,its me. As said on another thread a tradesman always blames his tools,lol,Im off on holiday...
Quoting Bones
If I'm honest I still struggle to make money out of these charts...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,969
  • Jul 30, 2009 4:16am Jul 30, 2009 4:16am
Quoting Bones
2.9200 has held right on the rising TL
If I'm honest I still struggle to make money out of these charts...
Tony, me too.

During July we have seen on most crosses a sideway market.

one day up, 2 days down, 2 day up, one day down etc.

I have no clue, which system or method is working in a sideway/ranging market.

Monthly candles will point the direction for most crosses.
  • #8,970
  • Jul 30, 2009 4:22am Jul 30, 2009 4:22am
Yea Pete its been tough these are the testing times I hope,agree on monthlies


Quoting peaches
Tony, me too.

During July we have seen on most crosses a sideway market.

one day up, 2 days down, 2 day up, one day down etc.

I have no clue, which system or method is working in a sideway/ranging market.

Monthly candles will point the direction for most crosses.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,971
  • Jul 30, 2009 4:28am Jul 30, 2009 4:28am
Quoting peaches
I have no clue, which system or method is working in a sideway/ranging market.
I've found it very difficult too -- after good returns in April and May, June and July have troubled me a lot, some days like squeezing blood from a stone. One technique that is starting to help me a lot is adding stochastic divergence to my candles. It has helped to filter out false candle signals (I think we've had quite a lot the past while) and has been very reliable. It works well in a sideways market I find, bullish or bearish divergence confirming candles--on all time frames.

Thanks to all for your candle insight and Hussin for the great informative thread
'The past will always show us the future'
  • #8,972
  • Jul 30, 2009 5:00am Jul 30, 2009 5:00am
Quoting terje
I've found it very difficult too -- after good returns in April and May, June and July have troubled me a lot, some days like squeezing blood from a stone. One technique that is starting to help me a lot is adding stochastic divergence to my candles. It has helped to filter out false candle signals (I think we've had quite a lot the past while) and has been very reliable. It works well in a sideways market I find, bullish or bearish divergence confirming candles--on all time frames.

Thanks to all for your candle insight and Hussin for the great...

I will have a look on that, thanks for the hint
  • #8,973
  • Jul 30, 2009 5:01am Jul 30, 2009 5:01am
Quoting Bones
Yea Pete its been tough these are the testing times I hope,agree on monthlies
Nice holiday for you

When you come back, watch eur/lfx monthly candle.

Hussin was right .... again
  • #8,974
  • Jul 30, 2009 5:55am Jul 30, 2009 5:55am
I think most importend in candlestick trading is to know why candlestick pattern appear, and seperate the bad from the good/true pattern.

Lets have a look at the cad/lfx and usd plus dow jones for example.

The cad/lfx is running into a resistance line, so this hanging man appears, but bulls are there, you can see this on daily cahrt at the lower wicks and the second cadnle after the hanging man..

So nobody can say, if this trendline holds, or if it breaks (o.k. volume might add here information), but put it together with the dow jones running into resistance.

So of course the usd/cad has had yesterday a small bullish response, which is giving us this morning star formation. But is this a valid morning star ?

I think US session might answer this. It depends on:

=>breaks the dow resistance => usd/lfx falls
=>breaks cad/lfx this trendline.

The truth is, nobody can say.
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  • #8,975
  • Jul 30, 2009 5:59am Jul 30, 2009 5:59am
one and half trading day for geppy:

- hanging man,
- doji or
- so called "pin bar"

at month end ?
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  • #8,976
  • Jul 30, 2009 6:03am Jul 30, 2009 6:03am
this weekend will be very interisting analyses for the monthly candle
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  • #8,977
  • Jul 30, 2009 6:11am Jul 30, 2009 6:11am
We have seen this tri star pattern on the TNX last days, which is a good pattern for reverse and down the TNX.

http://www.candlesticker.com/Cs69.asp

BUT what a surprise yesterday, the TNX was NOT dropping that much.

I`am speculating on a bullish TNX during us session today.

This might bring us a triangle break for usd/jpy and make other yen crosses jump.
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Attached Image
  • #8,978
  • Jul 30, 2009 7:28am Jul 30, 2009 7:28am
I agree Pete that the future is unwritten so no one can be 100%.But for the likes of Hussin who know how to read a chart and I suspect a good knowledge of all the markets generally ,he has a very high probability chance of getting the direction .
The past is what all technicians rely on so the future comes from the past if you know what I mean,lol
Fundamental is already priced in ,trust me the big boys know whats coming there.


Quoting peaches

The truth is, nobody can say.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,979
  • Jul 30, 2009 7:43am Jul 30, 2009 7:43am
Quoting Bones
I agree Pete that the future is unwritten so no one can be 100%.But for the likes of Hussin who know how to read a chart and I suspect a good knowledge of all the markets generally ,he has a very high probability chance of getting the direction .
The past is what all technicians rely on so the future comes from the past if you know what I mean,lol
Fundamental is already priced in ,trust me the big boys know whats coming there.
remember what Mum used to say
"eat your weetabix if you want to be a BIG BOY "...
Hmmnn i wonder if thats what she meant by BIG BOYs.....

Waiting for Monthlys to close,and see ..

nice to have you back Tony..

baz
  • #8,980
  • Jul 30, 2009 7:46am Jul 30, 2009 7:46am
sorry chart...

GBP_USD Spot.png
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