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Daily candle chart

  • #9,361
  • Oct 21, 2009 10:03am Oct 21, 2009 10:03am
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
yes that went well i exited at around the round number..just goes to show that the weeklys are great..bullish outside bars on cable working fantastically as well...
  • #9,362
  • Oct 21, 2009 2:02pm Oct 21, 2009 2:02pm
Hey Chris would love to have you around and may be candle anallise's?

Quoting albchr
Hi Tony, Thought I'd pop in here and watch for a while. I see you're on top of things buddy....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,363
  • Oct 21, 2009 2:10pm Oct 21, 2009 2:10pm
Now that is waht I call a great trade Nav in and out on target price stopped at .8996

Quoting nAVIN2007
yes that went well i exited at around the round number..just goes to show that the weeklys are great..bullish outside bars on cable working fantastically as well...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,364
  • Oct 21, 2009 2:16pm Oct 21, 2009 2:16pm
Hi fxmatahari ,looking to trade Daily and less than a year ,you have your head screwed on my frieind ,cant tell you how much I lost in my first year,If you PM me I have a book ,but on laptop and mobile till weekend would send it then may need remiding.
Pls read Hussin early stuff on this thread better than any book ,trading candles in forex in the real world

Quoting fxmatahari
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.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,365
  • Oct 21, 2009 2:25pm Oct 21, 2009 2:25pm
The cad has quite literally gone straight to lower target ,couldn't be more pleased ,now I would have thought next week ,break confirmed?
And gbpcad also ,tho I think other traders made mistake as over shot a bit


Quoting Bones
Well was a nice set up ,with the charting of pound rising and cad down would have been great trade...agree bull flag break up ,now pull back

On break straight to target blue line but suspect will go further over time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad lfx w1 21 oct no11.gif Size: 16 KB
Click to Enlarge Name: gbp cad d1 21 oct no11.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,366
  • Oct 21, 2009 2:33pm Oct 21, 2009 2:33pm
Daily cad lfx is interesting and H4 rather beautiful in candle terms, a little time till close I would imagen d1 doji ??? retrace down ? if under support (blue line)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad lfx daily d1 21 oct no11.gif Size: 13 KB
Click to Enlarge Name: cad lfx daily h4 21 oct no11.gif Size: 11 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,367
  • Oct 21, 2009 2:41pm Oct 21, 2009 2:41pm
weekly cadlfx close important to be above 50% of large bullish candle for bullish thoughts
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,368
  • Oct 21, 2009 2:45pm Oct 21, 2009 2:45pm
I only say early stuff cause that is when there was the least noise of other traders all Hussins stuff is good ,worth noting

Quoting Bones
Hi fxmatahari ...
Pls read Hussin early stuff on this thread better than any book ,trading candles in forex in the real world
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,369
  • Oct 21, 2009 3:07pm Oct 21, 2009 3:07pm
Best post Ive ever seen ,Hussin never said to me take the trade and hang on ,always had opinion ,a target ,and 8 of 10 times was right ,thats pretty good in my book
check your charts when that was posted ,I would have said UP

Quoting hussin naiji
forecast for EURUSD
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,370
  • Oct 21, 2009 3:22pm Oct 21, 2009 3:22pm
Quoting Bones
Best post Ive ever seen ,Hussin never said to me take the trade and hang on ,always had opinion ,a target ,and 8 of 10 times was right ,thats pretty good in my book
check your charts when that was posted ,I would have said UP
Yes,i really miss him,a Gem of a Person...and his analysis...TOP NOTCH,the best thread on FFF...

baz
  • #9,371
  • Oct 21, 2009 3:32pm Oct 21, 2009 3:32pm
agree 100% Baz
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,372
  • Oct 21, 2009 3:36pm Oct 21, 2009 3:36pm
Quoting baz
Yes,i really miss him,a Gem of a Person...and his analysis...TOP NOTCH,the best thread on FFF...

baz
I think all in this thread miss him Baz! Well said, I was thinking about that, I've been reading this thread b/c you told me long time ago, thanks for that, and thanks to Hussin, Tony, Baz and all the people that keep this thread alive, I hope Hussin back!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,373
  • Oct 22, 2009 10:09am Oct 22, 2009 10:09am
Quoting Bones
Daily cad lfx is interesting and H4 rather beautiful in candle terms, a little time till close I would imagen d1 doji ??? retrace down ? if under support (blue line)
You read the market pretty well Tony! I'm short on GCad, breakout + test on CadLfx

Attached Image (click to enlarge)
Click to Enlarge Name: cad lfx daily 22 10.gif Size: 29 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,374
  • Oct 22, 2009 11:45am Oct 22, 2009 11:45am
Quoting Bones
Hi fxmatahari ,looking to trade Daily and less than a year ,you have your head screwed on my frieind ,cant tell you how much I lost in my first year,If you PM me I have a book ,but on laptop and mobile till weekend would send it then may need remiding.
Pls read Hussin early stuff on this thread better than any book ,trading candles in forex in the real world

With your experience is it more profitable trading from the daily TF?
I have been struggling with the hrly TF and cannot seem to make any profitable trade. Please any advice?
  • #9,375
  • Oct 22, 2009 12:19pm Oct 22, 2009 12:19pm
Hi Inemesit ,welcome
my experience is higher tfs rule.If you want to trade lower you must know whats happening above otherwise expect merry go round account equity ..
Its not easy to go higher you must be more patient for set up ,not as exciting but if you trade many pairs ,always something going on.

Also important to know how market works with candles.
Lots of false signals ,Hussin has taught us to use confluence over related charts to see if real
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,376
  • Oct 22, 2009 12:28pm Oct 22, 2009 12:28pm
I hope Hussin wont mind me quoting but I also have great respect for

http://www.forexfactory.com/showpost...ostcount=46564

If you want long runners ,constancy and are new (under 3 yrs) like me ...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,377
  • Edited 1:13pm Oct 22, 2009 12:55pm | Edited 1:13pm
probably easy for me to say now as I see there was up movement after down ,the reason I said consolidation down is the huge bearish candle ,price would need to unwind ,look for turn if happen on d1 at least.
But was pleased that d1 candle yesterday was positive.This could take time knowing the cad.But Jhon pound target is higher,unless huge bearish move tomorrow.

Also looking at the weekly Jhon if we can close over pivot zone ,momentum strong up ,nice piercing line off low

Quoting JhonMonsalve
You read the market pretty well Tony! I'm short on GCad, breakout + test on CadLfx

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad weekly 22 oct no12.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,378
  • Oct 22, 2009 1:07pm Oct 22, 2009 1:07pm
having said that bearish d1 action here may be pull back ,sell
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,379
  • Oct 22, 2009 5:00pm Oct 22, 2009 5:00pm
Quoting Bones
probably easy for me to say now as I see there was up movement after down ,the reason I said consolidation down is the huge bearish candle ,price would need to unwind ,look for turn if happen on d1 at least.
But was pleased that d1 candle yesterday was positive.This could take time knowing the cad.But Jhon pound target is higher,unless huge bearish move tomorrow.

Also looking at the weekly Jhon if we can close over pivot zone ,momentum strong up ,nice piercing line off low
Ok Tony! Oil is rising, next parade 85, maybe that's the clue for Bullish loonie.

Attached Image (click to enlarge)
Click to Enlarge Name: oil.gif Size: 28 KB


On the other hand, take a look to daily candle for $: Inverted hammer?? Time to buy $?? I don't know, but 1.70 is pretty hard support for the buck.

Attached Image (click to enlarge)
Click to Enlarge Name: usdlfxd.gif Size: 25 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,380
  • Oct 22, 2009 6:59pm Oct 22, 2009 6:59pm
Quoting Bones
I hope Hussin wont mind me quoting but I also have great respect for

http://www.forexfactory.com/showpost...ostcount=46564

If you want long runners ,constancy and are new (under 3 yrs) like me ...
yes Tony...a truly giving human being....that is James
i seriously wanted to walk away from FFF,after seeing the abuse heaped on him,and pure garbage thrown at him....
At the end of the day...he SHARED a way of trading DAILY charts,thats all,he taught about price bars and said go and practice for at least 6 months,and than consider LIVE TRADING....
its like someone teaches about riding a bike,once you learn,you have to experience the ride yourself.....if you havent learnt properly,than any accidents are your own..

anyway,at least i get to read yours and Jhons post.......
i will be in shock if someone heaps "ABUSE" on you,but that might just prove,that you have MADE..£££££££££££££££££££££sss

baz
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