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Daily candle chart

  • #9,021
  • Aug 12, 2009 12:00am Aug 12, 2009 12:00am
This thread has been dead recently. Where has everyone gone to?
Dr. C
  • #9,022
  • Aug 12, 2009 6:27am Aug 12, 2009 6:27am
Well I think most await Hussin return hopefully soon.

Quoting cvcamper
This thread has been dead recently. Where has everyone gone to?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,023
  • Aug 12, 2009 6:36am Aug 12, 2009 6:36am
Yes agree Daffy on USdlfx advance block and LFXJPY 3 inside down but if $ falls I think JPY will not end as 3 inside down,Maybe we have a D1 hammer


Quoting daffy
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
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,024
  • Aug 12, 2009 6:41am Aug 12, 2009 6:41am
But also if you enjoy thread would be nice for more partitipation then thead becomes more alive

Quoting cvcamper
This thread has been dead recently. Where has everyone gone to?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,025
  • Aug 12, 2009 7:20am Aug 12, 2009 7:20am
Nice zone for bounce ,channel confirmed?...


Quoting Bones
Yes agree Daffy on USdlfx advance block and LFXJPY 3 inside down but if $ falls I think JPY will not end as 3 inside down,Maybe we have a D1 hammer
Attached Image (click to enlarge)
Click to Enlarge Name: 16)lfxjpy h4 12-aug--09 zoomed out.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,026
  • Aug 12, 2009 10:48am Aug 12, 2009 10:48am
Quoting Bones
Yes agree Daffy on USdlfx advance block and LFXJPY 3 inside down but if $ falls I think JPY will not end as 3 inside down,Maybe we have a D1 hammer
Bones, you were spot on about the yen. I was quite surprised by the movement on the yen pairs (I was expecting yen strength). What made you think that a fall in the dollar would prevent the yen from gaining strength?

GBPLFX is showing sign of forming another doji - perhaps a sign that the market is uncommited before the FOMC statement, or perhaps a sign that the bears and bulls couldn't make their mind up today. I did notice that it took two dojis (dojii? dojies? what is the plural of doji anyway? ) to make the formation for the usdlfx turnaround, so perhaps we might see the same with gbplfx.
  • #9,027
  • Edited 4:48pm Aug 12, 2009 4:25pm | Edited 4:48pm
Here's a midweek cable update from my perspective:

Cable accelerating downwards sofar this week just as fast as it accelerated upwards breaking 1.6618 horizontal support and 1.6528 July 8th-July30th minor trendline and immediately halting beneath that level which also coincides midway thru the rising channel. This behavior is further indication of a consolidating price action.
Bottom of the channel comes in sight currently @ 1.6160 and rising which is still a safe distance away.
Medium-Term outlook is bullishly ranging favoring accumulation of risk trades.

Trade Smartly!
GM
Attached Image
Hear the music before the song is over ...
  • #9,028
  • Aug 12, 2009 4:35pm Aug 12, 2009 4:35pm
Quoting GlobalMacro
Here's a little midweek cable update from my perspective:

Cable accelerating downwards sofar this week just as fast as it accelerated upwards breaking 1.6618 horizontal support and 1.6528 July 8th-July30th minor trendline and immediately halting beneath that level which also coincides midway thru the rising channel. This behavior is further indication of a consolidating price action.
Bottom of the channel comes in sight currently @ 1.6160 and rising which is still a safe distance away.
Medium-Term outlook is bullishly ranging favoring accumulation...
I persume by Medium-Term, you mean 8-12 weeks.
None the wiser!
  • #9,029
  • Aug 12, 2009 6:44pm Aug 12, 2009 6:44pm
Hi Daffy ,the yen and $ tend to move in the same direction as both are safe haven...isnt it interesting that the daily completed the 3 inside down,a high probability trade before bounce,not quite a hammer but still looks bullish...

Quoting daffy
Bones, you were spot on about the yen. I was quite surprised by the movement on the yen pairs (I was expecting yen strength). What made you think that a fall in the dollar would prevent the yen from gaining strength?

GBPLFX is showing sign of forming another doji - perhaps a sign that the market is uncommited before the FOMC statement, or perhaps a sign that the bears and bulls couldn't make their mind up today. I did notice that it took two dojis (dojii? dojies? what is the plural of doji anyway? ) to make the formation for the usdlfx turnaround,...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17)lfxjpy h4 112-aug--09.gif Size: 16 KB
Click to Enlarge Name: 17)lfxjpy d1 112-aug--09.gif Size: 14 KB
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  • #9,030
  • Aug 12, 2009 6:55pm Aug 12, 2009 6:55pm
lol I'm not sure may be due doji Daffy.
Daily Dojis near nice TL on cable could be end of pull back...but weekly ,shooting star turns to evening star ,so if cable to hold TL we must rise quick.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17) gbpusd d1 12-aug-09-.gif Size: 12 KB
Click to Enlarge Name: 17) gbpusd w1 12-aug-09-.gif Size: 12 KB
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  • #9,031
  • Aug 12, 2009 7:07pm Aug 12, 2009 7:07pm
Im wondering about the TL on this chart but am still thinking it will hold,my weekly view looks exactly the same as this
,
http://www.forexfactory.com/showpost...&postcount=430

of course the pound and jpy also move opposite directions which is why we have extreme moves.
Attached Image
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  • #9,032
  • Aug 12, 2009 7:15pm Aug 12, 2009 7:15pm
Is struggling with blue box.
D1 advance block then bearish outside ,covering previous 2 days.

Quoting Bones
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(s) (click to enlarge)
Click to Enlarge Name: 17)usdlfx d112-aug--09.gif Size: 13 KB
Click to Enlarge Name: 17)usdlfx h4v12-aug--09.gif Size: 12 KB
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  • #9,033
  • Aug 12, 2009 11:56pm Aug 12, 2009 11:56pm
Quoting Bones
Hi Daffy ,the yen and $ tend to move in the same direction as both are safe haven...isnt it interesting that the daily completed the 3 inside down,a high probability trade before bounce,not quite a hammer but still looks bullish...
Thanks for that, Bones.

I have noticed that the $ and Yen tend to move in opposite directions, it's the sole reason I don't trade the $ Yen pair. The daily upper wick on yesterday's yen daily is quite large in comparison to other bearish in neck patterns I've seen before, but it may still pan out, or it could just continue north, rejecting the trendline. Wait and see time I guess.
  • #9,034
  • Aug 13, 2009 12:07am Aug 13, 2009 12:07am
Quoting Bones
Is struggling with blue box.
D1 advance block then bearish outside ,covering previous 2 days.
I think a retest of the h4 lows is on the cards today, circa the 1.7800 level, break through that, we're looking at 1.7750. If that goes, you'd have to think a retest of the recent low at 1.7550.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 139 KB
  • #9,035
  • Edited 12:02pm Aug 13, 2009 11:37am | Edited 12:02pm
Hey Daffy if you look at the index s you can clearly see they move pretty much in tandam ,tho not exact of course ,so they have been trending down and have just had a bottom or correction up. depending on your view.


Quoting daffy
Thanks for that, Bones.

I have noticed that the $ and Yen tend to move in opposite directions, it's the sole reason I don't trade the $ Yen pair. The daily upper wick on yesterday's yen daily is quite large in comparison to other bearish in neck patterns I've seen before, but it may still pan out, or it could just continue north, rejecting the trendline. Wait and see time I guess.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 18)usdlfx d113-aug--09.gif Size: 12 KB
Click to Enlarge Name: 18)lfxjpy d113-aug--09.gif Size: 10 KB
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  • #9,036
  • Aug 13, 2009 12:57pm Aug 13, 2009 12:57pm
Quoting Bones
Hey Daffy if you look at the index s you can clearly see they move pretty much in tandam ,tho not exact of course ,so they have been trending down and have just had a bottom or correction up. depending on your view.
I have observed them moving in 'opposite' directions on lower timeframes, I hadn't ever put up daily charts and looked at them side by side. Nice post.

First level hit on $LFX, we're currently resting at 1.7750. Unclear whether this level will hold or not, although as in the chart attached, it does look as if lower prices were rejected on the last bar. An additional bit of traffic to get through for further moves south is the utl of the old h4 channel.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 147 KB
  • #9,037
  • Aug 13, 2009 1:02pm Aug 13, 2009 1:02pm
Quoting Bones
Nice zone for bounce ,channel confirmed?...
Good call on that bounce, Bones.

Here's a followup, I think the chart speaks for itself. I think we'll break the support, and then look to head towards the ltl of the channel.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 157 KB
  • #9,038
  • Aug 13, 2009 1:13pm Aug 13, 2009 1:13pm
GBPLFX is at a key point I think. It looks like the lower trendline is going to come under real pressure.

Check out the weekly thus far, that's a particularly bearish candle based on the movement of the first four days of the week. The orange line is the 50 EMA - it seems to be a struggle to close above it.

I've also attached the H1 chart, as it's easier to see the range we are currently trading in.

Daily and H4 show a picture of GBP trying to rise, but higher prices getting rejected everytime.

Yesterday's daily appears to be a continuation of a down move after a bearish on neck pattern.

I think we might break the lower trendline.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 104 KB
Click to Enlarge Name: chart2.jpg Size: 122 KB
Attached Images
  • #9,039
  • Aug 14, 2009 11:09am Aug 14, 2009 11:09am
I see UJ continued downtrend
we can see GU,GJ
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 104 KB
  • #9,040
  • Aug 14, 2009 11:12am Aug 14, 2009 11:12am
Quoting thang822462
I see UJ continued downtrend
we can see GU,GJ
Gu go to 1600
Attached Image (click to enlarge)
Click to Enlarge Name: GU dao chieu tai Fib 50.jpg Size: 73 KB
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