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Daily candle chart

  • #9,341
  • Oct 20, 2009 2:41pm Oct 20, 2009 2:41pm
Quoting Bones
eur gbp targets below monthly could close long legged doji ,price could gravitate to monthly open I feel after break down this week,as monthly buyers step in at lower level

nice to know u thinking the target is below my entery..damnit man! im in the frying pan again

i will start posting analysis of daillies with u guys next week!

catcha soon amigo
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  • #9,342
  • Oct 20, 2009 2:56pm Oct 20, 2009 2:56pm
Hey Nav the problem with the eur gbp is monthly ,may need to be quick on toes ,I think will play out down before high taken ,possible further upside to be aware of
Its the same with pound ,h4 shooting star through 28000 no close over ,I have confidence in weekly set up but possible shorter term bearish scenario
I am waiting D1 close to access ,the $ has bounced right off 1.7000 area

lots of targets hit also like gold seems to be turning down ,out of steam..for retest of highs
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,343
  • Oct 20, 2009 3:36pm Oct 20, 2009 3:36pm
Quoting Bones
Hey Nav the problem with the eur gbp is monthly ,may need to be quick on toes ,I think will play out down before high taken ,possible further upside to be aware of
Its the same with pound ,h4 shooting star through 28000 no close over ,I have confidence in weekly set up but possible shorter term bearish scenario
I am waiting D1 close to access ,the $ has bounced right off 1.7000 area

lots of targets hit also like gold seems to be turning down ,out of steam..for retest of highs
yur right monthly is bullish i simply took as a j16 BEOB blasted dailly looking bullish like the ppz gonna hold for long..i just hope the weekly does it thing..do u consider this a good setup or bad one?
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  • #9,344
  • Edited 4:11pm Oct 20, 2009 3:44pm | Edited 4:11pm
Quoting Bones
Hey Nav the problem with the eur gbp is monthly ,may need to be quick on toes


Quoting Bones
lots of targets hit also like gold seems to be turning down ,out of steam..for retest of highs
dark cloud cover on daily, shooting star last weekly candle

edit: we need to break out range up/down, see chart (h4)
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Invincibility lies in the defence, the possibility of victory in the attack
  • #9,345
  • Oct 20, 2009 4:28pm Oct 20, 2009 4:28pm

hi ya silver agree consolidation weekly showing weakness ,but not shooting star due to lower wick

Quoting silverheat




dark cloud cover on daily, shooting star last weekly candle

edit: we need to break out range up/down, see chart (h4)
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  • #9,346
  • Oct 20, 2009 4:50pm Oct 20, 2009 4:50pm
Trades good in my eyes Nav.But monthly has broke high of previous.Theres our problem
close as is would be great ,and we should expect retrace of weekly outside candle as per Jim's methods

If any thing a rise then solid bearish pa would be the best possible bear set up as fall here may up bounce to ?? and may be we end with lower wick

Quoting nAVIN2007
yur right monthly is bullish i simply took as a j16 BEOB blasted dailly looking bullish like the ppz gonna hold for long..i just hope the weekly does it thing..do u consider this a good setup or bad one?
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  • #9,347
  • Oct 20, 2009 4:58pm Oct 20, 2009 4:58pm
Quoting Bones
Trades good in my eyes Nav.But monthly has broke high of previous.Theres our problem
close as is would be great ,and we should expect retrace of weekly outside candle

If any thing a rise then solid bearish pa would be the best possible bear set up as fall here may up bounce to ?? and may be we end with lower wick
ahh i see what u mean..i never thought of that..makes a hell of difference to the setup..cheers buddy
  • #9,348
  • Oct 21, 2009 7:22am Oct 21, 2009 7:22am


The eurgbp has broken down and gone for option A.
The retrace scenario would have been more bearish ,I would put the max monthly low at .8850 based on analise's above

I take it your days been great Nav ?

Dose Divergence combined with PA work ?you tell me
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  • #9,349
  • Oct 21, 2009 7:29am Oct 21, 2009 7:29am
Quoting JhonMonsalve
The pound is on fire today Tony!

Attachment

Next parade is 2.82
So far so good, the pound want test 2.85 area again, 2.82 is history per now!

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,350
  • Oct 21, 2009 7:30am Oct 21, 2009 7:30am
Quoting Bones


The eurgbp has broken down and gone for option A.
The retrace scenario would have been more bearish ,I would put the max monthly low at .8850 based on analise's above

I take it your days been great Nav ?

Dose Divergence combined with PA work ?you tell me
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,351
  • Oct 21, 2009 7:35am Oct 21, 2009 7:35am
Retrace arrow bit low would have added,and yesturdays pause candle right on tl ,did make me think but next intresting area up at 1.6700

When you think about it price had to pause there.

TL broke
but trend not sure as I would have to say range ,this range is there on monthly from long time ago.



Quoting Bones
tl is in danger ,range is in play,3 weeks candles body covered,bullish close,151 buy zone
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  • #9,352
  • Oct 21, 2009 7:37am Oct 21, 2009 7:37am
Oh yes Jhonny Boy ,were on the ball

Quoting JhonMonsalve
So far so good, the pound want test 2.85 area again, 2.82 is history per now!

Attachment
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  • #9,353
  • Oct 21, 2009 7:40am Oct 21, 2009 7:40am
Quoting Bones
Oh yes Jhonny Boy ,were on the ball
From weekly close Tony
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,354
  • Oct 21, 2009 7:48am Oct 21, 2009 7:48am
Quoting Bones
Oh yes Jhonny Boy ,were on the ball
Tony, I've been watching € closely, I see some weakness, what do you think about short EU? -I'm not picking tops, but u know, always is better catch the move before happens-

EURLFX

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Thanks
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,355
  • Oct 21, 2009 7:50am Oct 21, 2009 7:50am
No doubt that this is a A+ set up ,engulfing more than one candle but also a nice bearish candle
lower wick nice bullish close off low
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,356
  • Oct 21, 2009 8:03am Oct 21, 2009 8:03am
the monthly is so unclear ,last month wick to both sides ,seems happy in range ,certainly wants to break up ,having difficulty
The $ is right on our target Jhon ,but has it bounced ,im not sure ,back into them little daily consolidation boxes may be ,weekly hammer possible I suppose

Gold on pull back but I think bearish set up weak ,could be key

Quoting JhonMonsalve
Tony, I've been watching € closely, I see some weakness, what do you think about short EU? -I'm not picking tops, but u know, always is better catch the move before happens-

EURLFX

Attachment

Thanks
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  • #9,357
  • Oct 21, 2009 8:12am Oct 21, 2009 8:12am
Consolidation after move ?Gotta go


Quoting Bones
usdlfx is at bottom of consolidation ,daily yesturday definatly not as strong as gbplfx d1
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  • #9,358
  • Oct 21, 2009 8:16am Oct 21, 2009 8:16am
Quoting Bones
Consolidation after move ?Gotta go
Tony do you think $ isn't on the bottom yet?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,359
  • Oct 21, 2009 8:17am Oct 21, 2009 8:17am
Hi Tony, Thought I'd pop in here and watch for a while. I see you're on top of things buddy....
Ghost Rider - WWTBMD?
  • #9,360
  • Oct 21, 2009 9:16am Oct 21, 2009 9:16am
Hi Fellow Senior Traders

I find trading on Daily is best suit me due to time constrain (high commitment to work and family).

I am recently started to demo Daily trading.

This tread has got my attention. Is there a trading manual listed here? If so, where I can find it... in which page or post number?

Please also suggest good fx daily trading materials, such as candlestick trading. The lesser the indicator to use the better.

Thank you for your time.
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