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Daily candle chart

  • #9,041
  • Aug 14, 2009 2:26pm Aug 14, 2009 2:26pm
Quoting thang822462
Gu go to 1600

Hi Thang,

what charts are you using?
I seem to like it better than those with metatrader..
They are much clearer and easier to understand..
where can I find them? is it also free?

Thanks,

Troy
  • #9,042
  • Edited Aug 15, 2009 1:07pm Aug 14, 2009 11:35pm | Edited Aug 15, 2009 1:07pm
Quoting Troy
Hi Thang,

what charts are you using?
I seem to like it better than those with metatrader..
They are much clearer and easier to understand..
where can I find them? is it also free?

Thanks,

Troy
Try IFC markets or Vt trader... Down load a free demo... there are many.. all better than metatrader4.. or accucharts..

Change chart properties..example get rid of Grid lines...Make the colour white for grid...
Markets are not Random, they are designed!
  • #9,043
  • Aug 16, 2009 4:51am Aug 16, 2009 4:51am
Well, we did break the trendline on gbplfx, but then we recovered to close above it. On the H4, it looks like we had a harami, followed by 2 up bars. On the daily we potentially have a bullish hammer, but on the weekly, we have an engulfing, and potential double top at resistance.

Peaches has commented on this before, that when we see a bearish engulfing, it's like the universal sign for down movement, but the bears are willing to let the bulls recover some ground, since it allows them to get better positions, and allows some of the bulls to get out of the market which will ease the path on the way down.

We also have japan gdp figures coming out early Monday, which, if they are bad, might just trigger risk aversion trading and send the pound plummeting, otherwise, I think we may have the potential for a modest pound recovery before the bears make their play. Key levels to watch to the upside would seem to be the top of the yellow rectangle, followed by the two sloping trendlines.
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  • #9,044
  • Aug 16, 2009 5:01am Aug 16, 2009 5:01am
Usdlfx seems to be being supported by utl of the old channel.

On the h4, we tested, the utl twice, and then had a big rejection of lower prices, engulfing the previous bar.

On the daily, we had a three outside down off resistance, followed by a recovery by the bulls off support. We closed near the open of the previous bar, so it does seem there is a large amount of bull interest here, but again, we need to be cautious as the bears may be allowing bulls to exit so they can get a better price. The weekly, not attached, closed a doji.
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  • #9,045
  • Aug 16, 2009 5:06am Aug 16, 2009 5:06am
LFXJPY looks bearish.

The daily seems to be playing out the 3 inside down from earlier in the week, and on the weekly, we have a bearish engulfing, double top, at resistance. Immediate resistance is at the low of Wednesday's candle, and the orange line which is the 50 EMA.

Again, the japan gdp figures might make a fall happen sooner rather than later, or vice versa.
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  • #9,046
  • Aug 17, 2009 8:58am Aug 17, 2009 8:58am
Quoting daffy
LFXJPY looks bearish.

The daily seems to be playing out the 3 inside down from earlier in the week, and on the weekly, we have a bearish engulfing, double top, at resistance. Immediate resistance is at the low of Wednesday's candle, and the orange line which is the 50 EMA.

Again, the japan gdp figures might make a fall happen sooner rather than later, or vice versa.
yes,I see GJ move to 150
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  • #9,047
  • Edited 2:47pm Aug 17, 2009 2:34pm | Edited 2:47pm
Well, seems like 1.80 is the line in the sand for usdlfx. We've tried to break it several times now, but the door seems to slam shut each time.

On the h4, we have a possible shooting star formation off the 1.80 resistance. On the plus side for the bulls, today's candle confirmed Friday's bullish engulfing and we opened and closed above the long term trendline sloping downwards. I can see 3 possible scenarios (talk about hedging your bets).

a/ If you believe in market symmetry, if you look to the far left of the h4, you'll see a smaller shoulder before we start the inverted H&S pattern, perhaps we'll get something similar this time around.

b/ We go down to test the decending trendline or the previous horizontal resistance

c/ We find dollar bulls from somewhere and break through 1.80.

If we do manage to break through resistance, next target would be 1.83, top of the previous trading range.

If anyone has more insight, please post.
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  • #9,048
  • Aug 17, 2009 2:39pm Aug 17, 2009 2:39pm
LFXJPY ran pretty much as expected today, don't see a reason why we wouldn't get more of the same tomorrow.

We've found some interest at a prior resistance, as indicated on the h4 chart, perhaps we'll see a retrace to the 53 area, which would coincide with the 12th August low.
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  • #9,049
  • Aug 17, 2009 2:44pm Aug 17, 2009 2:44pm
We found buyers on Friday, but today the bears covered Friday's wick. I think further movement south is possible, but we need to break 2.92 support. If that goes, next target would be 2.88.
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  • #9,050
  • Aug 18, 2009 9:07am Aug 18, 2009 9:07am
Quoting Troy
Hi Thang,

what charts are you using?
I seem to like it better than those with metatrader..
They are much clearer and easier to understand..
where can I find them? is it also free?

Thanks,

Troy
Hi Troy I use Trading station at fxcm.com
and Dealbook 360 at GFt www.gftforex.com
  • #9,051
  • Aug 19, 2009 7:13pm Aug 19, 2009 7:13pm
this thread very..very need hussin .. where hussin going.. iran election have finished..
  • #9,052
  • Aug 20, 2009 1:42pm Aug 20, 2009 1:42pm
Quoting mrfxbaling
this thread very..very need hussin .. where hussin going.. iran election have finished..

yes, MRF.. be patiet.
Hussin will be back soon and I hoope hi is safe.

Mac.
  • #9,053
  • Aug 25, 2009 1:53am Aug 25, 2009 1:53am
shooting star on silver daily on a pullback, whether we see a 2nd test of the yellow or confirmation? need to break 14 yet
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Invincibility lies in the defence, the possibility of victory in the attack
  • #9,054
  • Aug 26, 2009 4:56pm Aug 26, 2009 4:56pm
confirmed bullish engulfing ?
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  • #9,055
  • Aug 27, 2009 1:27am Aug 27, 2009 1:27am
According to the rules this is a bullish engulfing scenario. First target 1.1105. A break of here then could be 1.15 area
If you think you can or cannot do it you are correct
  • #9,056
  • Aug 29, 2009 1:33am Aug 29, 2009 1:33am
cable monthly, bearish engulfing, also nice touch on long term S/R
though not so nice outlook for gb, bad fundamentals too
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Invincibility lies in the defence, the possibility of victory in the attack
  • #9,057
  • Sep 2, 2009 9:01am Sep 2, 2009 9:01am
Hi dear Traders!

Long time no posting, I've been watching interesting things on GBPLFX index, I think is time to a correction and going long on GBP pairs, maybe until 2.92 is reasonable, chart:

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What do you think?

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,058
  • Sep 2, 2009 9:08am Sep 2, 2009 9:08am
Quoting JhonMonsalve
Hi dear Traders!

Long time no posting, I've been watching interesting things on GBPLFX index, I think is time to a correction and going long on GBP pairs, maybe until 2.92 is reasonable, chart:

Attachment

What do you think?

Jhon
Maybe is time to short the Swissie, I see some kind of break out, I'll wait for daily close, chart:

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,059
  • Sep 2, 2009 9:27am Sep 2, 2009 9:27am
Quoting JhonMonsalve
Hi dear Traders!

Long time no posting, I've been watching interesting things on GBPLFX index, I think is time to a correction and going long on GBP pairs, maybe until 2.92 is reasonable, chart:

Attachment

What do you think?

Jhon
completely agree
GBP is oversold and need to be corrected.
  • #9,060
  • Sep 2, 2009 9:37am Sep 2, 2009 9:37am
Quoting 5ysfx
completely agree
GBP is oversold and need to be corrected.
Let's buy this thing lol

Take a look to this weekly chart:

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As you can see, the 2.87 - 88 area is a strong weekly - monthly support, is pretty reasonable hope for a pullback from there!

IMHO

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
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