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Daily candle chart

  • #9,001
  • Aug 8, 2009 2:25am Aug 8, 2009 2:25am
Nice chart only what is it?There is in fact lots of nice Pa this week.Buy the $ I say
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,002
  • Aug 8, 2009 2:50pm Aug 8, 2009 2:50pm
yeah what chart is that. Looks like a hammer/pin bar what ever you wana call it has formed off support. Caution to keep an eye on a move up
  • #9,003
  • Aug 8, 2009 8:02pm Aug 8, 2009 8:02pm
i am a candle newbe so asking u

is it hammer or not ?
does it show good demand or not ?
Could we able to hit at least 23.6% fibo retracement ?

Thank u
  • #9,004
  • Aug 8, 2009 8:43pm Aug 8, 2009 8:43pm
if you look left you see a previous area of support and resistance. you dont need fibs to tell you that. I couldnt tell you where it will go but if it was to go up a likely first target would be just below the 50 % fib u have up. Would need confirmation of an up move by a candle open which is higher then the previous candles close or something like that.
  • #9,005
  • Aug 8, 2009 11:42pm Aug 8, 2009 11:42pm
hello guys , after the H&S pattern formation has been failed and price rebounce to the 162 area , as i can see we are in a strong R/S level
but a cup and handle pattern has been played out with this up move on friday
for me the key level will be 164-166 area in fe break then long
good luck all
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 18 KB
  • #9,006
  • Aug 9, 2009 7:38am Aug 9, 2009 7:38am


Quoting 5ysfx
i am a candle newbe so asking u

is it hammer or not ?
does it show good demand or not ?
Could we able to hit at least 23.6% fibo retracement ?

Thank u
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,007
  • Aug 9, 2009 8:14am Aug 9, 2009 8:14am
I see i got a picture ...

U could just simply answer "I don't know", there is no need to be rude.
Remarks about "what is it" or similar like "you dont need fibs to tell you that"
are very contructive thanks guys,

Well i was just courius thats all but this is ur(all) thread so take care,
  • #9,008
  • Aug 9, 2009 8:20am Aug 9, 2009 8:20am
Hey Warta nice chart,yes I'm wondering myself about the JPY weakening could be breaking out above 50% R .
If so im going to look for 57...area


Quoting warta
hello guys , after the H&S pattern formation has been failed and price rebounce to the 162 area , as i can see we are in a strong R/S level
but a cup and handle pattern has been played out with this up move on friday
for me the key level will be 164-166 area in fe break then long
good luck all
Attachment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12)lfx jpy m1 9-aug--09.gif Size: 15 KB
Click to Enlarge Name: 12)lfx jpy w1 9-aug--09.gif Size: 11 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,009
  • Aug 9, 2009 8:24am Aug 9, 2009 8:24am
We asked what was the chart ,you keep going on about being a newbie etc when the set up is clear ,to be honest I take it your trying to be funny which I find a tad boring.


Quoting 5ysfx
I see i got a picture ...

U could just simply answer "I don't know", there is no need to be rude.
Remarks about "what is it" or similar like "you dont need fibs to tell you that"
are very contructive thanks guys,

Well i was just courius thats all but this is ur(all) thread so take care,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,010
  • Aug 9, 2009 8:35am Aug 9, 2009 8:35am
The pound itself im unsure about the weekly does not seem bearish and has not taken the 50%r also the falling tl not been tested.But last months candle looks as tho it would take some breaking
Some confusing action around at the mo for me inc equities some re aliment needed but which way..


Quoting Bones
Hey Warta nice chart,yes I'm wondering myself about the JPY weakening could be breaking out above 50% R .
If so im going to look for 57...area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12)gbplfx m1 9-aug--09.gif Size: 11 KB
Click to Enlarge Name: 12)gbplfx w1 8 aug.gif Size: 11 KB
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  • #9,011
  • Aug 9, 2009 1:59pm Aug 9, 2009 1:59pm
Hi guys and gals,

I am seeing cable consolidating its rally which started back in March of this
year. It breached and temporarily traded above the top of the rising channel within
which the consolidation is taking place before meeting & being tempered by a much stronger regression.

Following July-Early August acceleration, price is now caught in yet another and steeper congestion zone within which price is reacting to and absorbing the offers from the high volume regression which I believe is very healthy and natural going forward.

So IMO in a nutshell, medium-term setup is whetting the appetite for the
risk-sensitive cable.

Have A Nice Trading Week All
GM
Attached Image
Hear the music before the song is over ...
  • #9,012
  • Aug 9, 2009 3:16pm Aug 9, 2009 3:16pm
Hi Gm what do you think of the weekly shooting star,I see a lot of support for price to work though ,seems a little small ,and we only just had break out after consolidation,do you think trick?
I mean what about rising equities and the falling jpy normally $ goes the same way ?
Attached Image (click to enlarge)
Click to Enlarge Name: 13)gbpusd d1 9-aug-09.gif Size: 12 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,013
  • Aug 9, 2009 3:38pm Aug 9, 2009 3:38pm
I think its a little bit suspect. There was a shooting star a few weeks back and it just shot straight up.
  • #9,014
  • Aug 9, 2009 4:03pm Aug 9, 2009 4:03pm
Hey supermatt ,yea im unsure ,lots of markets running in unusal ways just now ,im looking to see if this week is bearish and closes below 50% of break out,Really I do see 1.7 as a poosible top but I dont think the gbp is ready for that ...now.

Quoting supermatt
I think its a little bit suspect. There was a shooting star a few weeks back and it just shot straight up.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,015
  • Edited 11:01pm Aug 9, 2009 10:34pm | Edited 11:01pm
Quoting Bones
Hi Gm what do you think of the weekly shooting star,I see a lot of support for price to work though ,seems a little small ,and we only just had break out after consolidation,do you think trick?
I mean what about rising equities and the falling jpy normally $ goes the same way ?
Morning Tony, I wouldn't put a lot of emphasis on that shooting star. It was formed after a recent breakout and as pointed out in my above post we're in a rising channel and consolidating but with a bullish bias. No reversal sign for me here and much less anything bearish....Looking back we already had several similar cases in this bull run and they were all discarded....
Hear the music before the song is over ...
  • #9,016
  • Aug 9, 2009 11:44pm Aug 9, 2009 11:44pm
I see some changes when NFP is released.
I need some sentiments to confirm.
Attached Image (click to enlarge)
Click to Enlarge Name: chi so usd index.JPG Size: 71 KB
  • #9,017
  • Aug 10, 2009 4:16am Aug 10, 2009 4:16am
yea I quite like the weekly engulfing right off 100% retrace,tho wonder is it strong enough,also looking for confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: 15)usdx 10 aug.gif Size: 19 KB
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  • #9,018
  • Aug 10, 2009 4:21am Aug 10, 2009 4:21am
It worries me that the $ has kicked off bearish off falling tl needs to take early on?,in blue box may be 1.8300
Attached Image (click to enlarge)
Click to Enlarge Name: 15)usdlfx w1 10-aug--09.gif Size: 12 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,019
  • Aug 10, 2009 4:25am Aug 10, 2009 4:25am
agree gm ,this week,could be a rough ride,lol


Quoting GlobalMacro
Morning Tony, I wouldn't put a lot of emphasis on that shooting star. It was formed after a recent breakout and as pointed out in my above post we're in a rising channel and consolidating but with a bullish bias. No reversal sign for me here and much less anything bearish....Looking back we already had several similar cases in this bull run and they were all discarded....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,020
  • Aug 11, 2009 9:09am Aug 11, 2009 9:09am
Possibility of a bearish advance block into prior resistance on usdlfx daily.
Possibility of a morning star formation off a long term trendline.
LFXJPY, bearish 3 inside down perhaps?

Anyone have any thoughts about validity?
Attached Image (click to enlarge)
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