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Daily candle chart

  • #9,721
  • Nov 20, 2009 6:25am Nov 20, 2009 6:25am
Hey Jhon after such a bullish candle ,and next small real body,with lower wick I have read that thats more selling pressure,also look at monthly theres no bullish set up as far as I can see

Quoting JhonMonsalve
Hi Navin! It looks like we'll have € b/s for a while:

Attachment
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,722
  • Nov 20, 2009 6:36am Nov 20, 2009 6:36am
Quoting Bones
Hey Jhon after such a bullish candle ,and next small real body,with lower wick I have read that thats more selling pressure,also look at monthly theres no bullish set up as far as I can see
Hi Tony!

Well, this € is so odd to trade, personally I trade mostly the pound, I think you're right, I took a look to weekly and monthly candle and € doesn't look bullish at all

Like Baz said few days ago: a weekly close below 1.485, I think today we could see that [EU]
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,723
  • Nov 20, 2009 6:39am Nov 20, 2009 6:39am
If you look on chf at mo pull back to tl only ,until broke,in consolidation on both this and eur ,have difficult time to break
Attached Image (click to enlarge)
Click to Enlarge Name: chf lfx d1 20 nov.gif Size: 16 KB
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  • #9,724
  • Nov 20, 2009 6:45am Nov 20, 2009 6:45am
Hi buddy I have been really busy + I have been also working hard on live trades (high lot for account size)that I think could have good run ,eur usd ,short,gold ,short ,at this time from the top,
as per my recent posts

Quoting JhonMonsalve
Hi Tony!

Well, this € is so odd to trade, personally I trade mostly the pound, I think you're right, I took a look to weekly and monthly candle and € doesn't look bullish at all

Like Baz said few days ago: a weekly close below 1.485, I think today we could see that [EU]
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,725
  • Nov 20, 2009 6:47am Nov 20, 2009 6:47am
gold = weekly shooting star?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #9,726
  • Nov 20, 2009 6:49am Nov 20, 2009 6:49am
Quoting Bones
Hi buddy I have been really busy + I have been also working hard on live trades (high lot for account size)that I think could have good run ,eur usd ,short,gold ,short ,at this time from the top,
as per my recent posts
Nice trades Tony! top catcher
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,727
  • Nov 20, 2009 6:50am Nov 20, 2009 6:50am
Quoting Bones
gold = weekly shooting star?
No, at least in my feed, post your chart :-?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,728
  • Edited 8:36am Nov 20, 2009 6:57am | Edited 8:36am
Quoting Bones
Hi buddy I have been really busy + I have been also working hard on live trades (high lot for account size)that I think could have good run ,eur usd ,short,gold ,short ,at this time from the top,
as per my recent posts

my friend the only thing that can stop u is u..honestly i have been in this thread quite a while and u have been nailing it all the way..trust yourself and the sky will be the limit!

that kind of remind my star wars...the force is strong with u..hehe
  • #9,729
  • Nov 20, 2009 7:09am Nov 20, 2009 7:09am
no not top picker ,just looking for runner ,lol ,monthly bullish as hell so could stop me out catch you later ,ive got work to do
Attached Image (click to enlarge)
Click to Enlarge Name: gold daily 20 th nove trades.gif Size: 19 KB
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  • #9,730
  • Nov 20, 2009 8:30am Nov 20, 2009 8:30am
1.4800 is in the way at present,see what EOD brings...just my humble thoughts

baz

EUR_USD Spot.png
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD Spot.png Size: 11 KB
  • #9,731
  • Nov 20, 2009 2:06pm Nov 20, 2009 2:06pm
well odl is closed and lower trades taken at be ,trend is strong,got caught out with tl break I thought was real , anyway lower wicks on daily ,I think ,without d1 close above the trend is unsustainable without correction
chart from sig ,probably gonna need a gap down,just to keep in trade as is which is short at 1150 on the nose

Quoting Bones
no not top picker ,just looking for runner ,lol ,monthly bullish as hell so could stop me out catch you later ,ive got work to do
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold d1 20th nov 09 no 2.gif Size: 11 KB
Click to Enlarge Name: gold w1 20th nov 09 no 2.gif Size: 13 KB
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  • #9,732
  • Nov 20, 2009 5:23pm Nov 20, 2009 5:23pm
Quoting Bones
no not top picker ,just looking for runner ,lol ,monthly bullish as hell so could stop me out catch you later ,ive got work to do

Hi Bones,

To trigger into the trade are you just going in at the close or using lower time frames for a PA bar break. Obviously you dont wait for bar breaks on the daily.
cheers
coop
  • #9,733
  • Edited 5:54pm Nov 20, 2009 5:42pm | Edited 5:54pm
well I may enter on h4 d1 w1 ,when I see the first hang man with shaven head I started to think short ,but this time first entry was on h1 pin off high of that hang man ,second when high was broken I considered it would fail so left order off round number stop just over next round number ,third trade on close of petrifying harami ,so basically when looking at daily I think short and also am long $ .
the arrangement of candles could be consolidation I would agree not huge range candles and in less of a trend could well work out ,gold incredibly bullish.
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  • #9,734
  • Nov 20, 2009 5:48pm Nov 20, 2009 5:48pm
So high risk cause weekly and daily dont match ,just been studying gold particularly recently,and time very limited after 2 pm post today never saw chart again until evening and tl had held so ....
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  • #9,735
  • Nov 20, 2009 6:08pm Nov 20, 2009 6:08pm
you can see the trend has been broken briefly ...
Attached Image (click to enlarge)
Click to Enlarge Name: gold break at 2pm.gif Size: 15 KB
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  • #9,736
  • Nov 20, 2009 6:44pm Nov 20, 2009 6:44pm
Quoting Bones
you can see the trend has been broken briefly ...
Gold is on fire Tony! , I like to trade it! Have a great weekend!
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,737
  • Nov 20, 2009 9:07pm Nov 20, 2009 9:07pm
Bones,

thks alot for the replies, i have always used bars to triggers into trades and am just trying to understand the way you trigger in. Thks again for explaining your reasoning.

coop
  • #9,738
  • Nov 21, 2009 6:09am Nov 21, 2009 6:09am
Also in consideration to my view on gold is other markets
like the location of the Dow and we have just over a week to see how the monthly closes ,but can clearly see weekly bearish Deliberation
also note close right under 50%

Quoting Bones
The dow is in interesting location..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dow monthly 21 th nov.gif Size: 10 KB
Click to Enlarge Name: dow weekly 21 th nov.gif Size: 10 KB
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  • #9,739
  • Nov 21, 2009 6:10am Nov 21, 2009 6:10am
No problem Coop ,do you trade bars or candles ?

Quoting Coop
Bones,

thks alot for the replies, i have always used bars to triggers into trades and am just trying to understand the way you trigger in. Thks again for explaining your reasoning.

coop
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  • #9,740
  • Nov 21, 2009 6:36pm Nov 21, 2009 6:36pm
Quoting Bones
No problem Coop ,do you trade bars or candles ?
Bones,

I switched to candles about 6 mths ago after 5yrs on bars. A friend finally convinced me they tell the price action story much easier and faster than bars and i can see that now.

When i see a price action bar that aligns with my trading plan i never blind trade it. I always wait for the bar to break to trigger into it. This means the trade must be moving my way for it to trigger.

This can leave lots of pips on the table but its the conservative way. After looking at a number of your charts i can see you dont wait for the bar break on the dailies. It looks like you do something i want to start doing and thats using smaller time frames to trigger in.

Thks for your explanations, it helps.

coop
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