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  • #8,901
  • Jan 4, 2010 10:15am Jan 4, 2010 10:15am
6 monthly Swissy

USD_CHF Spot.png
Attached Image (click to enlarge)
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  • #8,902
  • Jan 4, 2010 10:17am Jan 4, 2010 10:17am
Quoting baz
USD_JPY Spot.png......6 monthly

the LAST 3 BARS are
a HIKAKE formation....
  • #8,903
  • Jan 4, 2010 10:17am Jan 4, 2010 10:17am
$US 2010 predictions:

 

  1. Marc Faber: 5-10% rise of dollar against the Euro in 2010. Marc Faber, publisher of a newsletter called “Gloom, Boom and Doom”, is a highly regarded analyst, but he isn’t always correct. In an article in Bloomberg, he says that the bearish betting on the dollar has become too crowded, and that the dollar and the stock markets will continue rallying together, as they did in December 2010 (different than the previous months).
  2. John J. Drummond: Believes that the dollar will reverse its losses and triumph over the Euro. This forex expert gives a few reasons: the financial crisis will still be felt in Europe, Ben Bernanke will raise the rates and more.
  3. Mitul Kotecha: Sees EUR/USD falling through most of 2010. In this article in FXStreet, the known forex expert sees a small rally in Q1 but afterwards, a fall of the Euro is expected. The article contains predictions for other currencies as well.
  4. Eric deCarbonnel: Sees the dollar’s collapse in 2010 due to a colossal food crisis which will devastate the United States. In his apocalyptic scenario, the world will run out of food and this will cause global turmoil which will send the US economy plunging – and the dollar with it.
  5. Greg Group: Advises to buy the dollar and sell the Euro in 2010. He sees continues dependence on the US dollar, especially from China, and isn’t too hopeful about Europe. In an article in Seeking Alpha, he examines both sides of the Atlantic, sees EUR/USD falling, but also advises caution.
  6. Casey Stubbs: All in all, Casey sees the dollar’s momentum for 2010. Looking at the near term, the current range will probably dominate this pair’s trading.

15 YEARS OF PASR ON FOREX FACTORY!
  • #8,904
  • Jan 4, 2010 10:20am Jan 4, 2010 10:20am
Quoting baz
the LAST 3 BARS are
a HIKAKE formation....
OK you got me (and Google)

What does the HIKAKE formation reveal?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,905
  • Jan 4, 2010 10:30am Jan 4, 2010 10:30am
Quoting strat
OK you got me (and Google)

What does the HIKAKE formation reveal?

Strat...
its a an inside BAR,followed by a SHOOTING STAR,taking the high of the BAR previous to the INSIDE BAR( ie the mother Candle )
BEST in direction of TREND,BUT also at GOOD PASR as well

baz
  • #8,906
  • Jan 4, 2010 10:32am Jan 4, 2010 10:32am
Quoting baz
Strat...
its a an inside BAR,followed by a SHOOTING STAR,taking the high of the BAR previous to the INSIDE BAR( ie the mother Candle )
BEST in direction of TREND,BUT also at GOOD PASR as well

baz
EUR_USD Spot.png

a example

baz
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  • #8,907
  • Jan 4, 2010 10:34am Jan 4, 2010 10:34am
Quoting strat
OK you got me (and Google)

What does the HIKAKE formation reveal?
Think its actually spelt HIKKAKE
  • #8,908
  • Jan 4, 2010 10:36am Jan 4, 2010 10:36am
this is for ILLUSTRATION only on a 1 Hr TF......there was a lot of CONFLUNCE at this level...
i respect STRAT......so purley for illustration only...HIKAKE FORMATION

baz

GBP_USD Spot.png
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  • #8,909
  • Jan 4, 2010 10:37am Jan 4, 2010 10:37am
Quoting golfer27
Think its actually spelt HIKKAKE
Sorry guys my mistake....never got my English GCSE

baz
  • #8,910
  • Jan 4, 2010 10:38am Jan 4, 2010 10:38am
Quoting mstandifer
Please note today's bar is not closed.

I am looking for a possible long on USDJPY later this week if PA confirms.

Reasons:
USDJPY Monthly continues to show LH and LL but last month was a classic BUEB (price reversal bar) at major support of 87.40....
The BIG BOSS has made its intentions clear. We need to see how it behaves at the 20, which it has been respecting, but more importantly at 99/100 for long term trading.

The BOSS looks like it is respecting the confluence of 94R and the 50. Where she finds support will be key to the next move.

The Worker has made an almost AB = CD move and is at profit taking. We need to watch what happens in the next few days.

I will be looking at volume on futures currencies to see if the big boys are back in town.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,911
  • Jan 4, 2010 10:42am Jan 4, 2010 10:42am
Quoting baz
Sorry guys my mistake....never got my English GCSE

baz
No probs, thanks for highlighting it, and thanks for the charts!
  • #8,912
  • Jan 4, 2010 10:46am Jan 4, 2010 10:46am
Quoting baz
this is for ILLUSTRATION only on a 1 Hr TF......there was a lot of CONFLUNCE at this level...
i respect STRAT......so purley for illustration only...HIKAKE FORMATION

baz

GBP_USD Spot.png
Thanks baz. Just a fancy name for an IB false breakout then.

Remember, IBs are good when they are good but BAD, REAL BAD when they are bad.

Leave these for advanced trading techniques.

However, if you SEE BEYOND THE CANDLES, you will still get the message.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,913
  • Jan 4, 2010 10:54am Jan 4, 2010 10:54am
Quoting strat
Thanks baz. Just a fancy name for an IB false breakout then.

Remember, IBs are good when they are good but BAD, REAL BAD when they are bad.

Leave these for advanced trading techniques.

However, if you SEE BEYOND THE CANDLES, you will still get the message.
YES STRAT,its a JAPANESE CANDLE STICK PATTERN......best on HTF ......and with trend.....BUT the YEN CHART was a VERY HTF,so its just a tool and see what develops..a another one on DAILY CABLE..

GBP_USD Spot.png
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 14 KB
  • #8,914
  • Jan 4, 2010 10:58am Jan 4, 2010 10:58am
Quoting baz
YES STRAT,its a JAPANESE CANDLE STICK PATTERN......best on HTF ......and with trend.....BUT the YEN CHART was a VERY HTF,so its just a tool and see what develops..a another one on DAILY CABLE..

GBP_USD Spot.png

Yes STRAT......you are correct,at present all on the PATH should Grasp the BASIC PASR as taught on this thread......sorry i should have realized that..

baz
  • #8,915
  • Jan 4, 2010 11:09am Jan 4, 2010 11:09am
Quoting forexpiet
Hello all,

First of all "All the best wishes for 2010!" for you all.

I don't know when I started reading this thread, but it sure is some weeks ago. I am at page 450 now. I will read on (and try to understand) till the end, meanwhile reading the new posts. I plan to start live trading with a (very) low $/pip value this or coming week, depending on when a signal pops up.

I started in the 80-ies with stocks, did something with futures on indices, options and a few years forex now on a small account at Oanda. I have studied technical analysis...
Welcome!

I tried some 'systems' of my own. The last one was trading the 5 min. timeframe entering trades on pullbacks or corrections guided by 3 ma's. So I already disapproved other indicators. Never was successful on the long run.

Those that are don’t last long – the demands of watching the one eyed monster for 8/12 hours a day takes it out on your health.

Then I followed a thread called The System here on FF. I think it is a good thread. Just PA as well. But you have to follow the market all day long.

NOTHING is good if you have to be chained to the one eyed monster all day long

I think my main problem is the psychology.

That is MY problem and everyone else’s IF ONLY THEY WOULD RECOGNISE IT AND ADMIT IT.

But I will have to know whether I can analyze the charts. So I intend to post charts of trades I am willing to enter, which I have waiting orders for or which I have allready entered. I'll be analyzing charts after NY-close and regard that as the end of the day. That will be at 22:00 hours (GMT + 1), which is 5 pm EST I believe.

If you are not sure about analyzing the charts correctly, why do you want to do this:

I plan to start live trading with a (very) low $/pip value this or coming week, depending on when a signal pops up.


WAIT until you ARE sure – the markets will still be here no matter how long this takes

We look forward to your posts

This week I will be working on how to register my trades, my plan and the like.

Work on the PLAN – PLAN the trade and trade the PLAN

By the way, I tried to register on the Path of Learning and have sent mails to rogueforex and naws but did not get a reply.

rogueforex is history and Naws is chick chasing in Thailand (he may find some are “Bond” chicks!).

Stay with the program (thread) and watch out for new developments for registering.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,916
  • Jan 4, 2010 11:15am Jan 4, 2010 11:15am
Quoting baz
YES STRAT,its a JAPANESE CANDLE STICK PATTERN......best on HTF ......and with trend.....BUT the YEN CHART was a VERY HTF,so its just a tool and see what develops..a another one on DAILY CABLE..

GBP_USD Spot.png
Your Ichimoku Cloud is a HUGE distraction and will PREVENT you from FOCUSING and CONCENTRATING on PURE PRICE ACTION.

What use is it? What does it tell you that WE don't already know BEFORE PRICE crosses the cloud?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,917
  • Jan 4, 2010 11:17am Jan 4, 2010 11:17am
Hello Strat,

While I have enjoyed looking at the yearly chats posted, I'm not sure what I'm supposed to get from them. I believe that you stated that trading the monthly was really investing ,not trading. Not being a smart ass, just asking.

Thanks, Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #8,918
  • Jan 4, 2010 11:25am Jan 4, 2010 11:25am
Quoting poncho1
Hello Strat,

While I have enjoyed looking at the yearly chats posted, I'm not sure what I'm supposed to get from them. I believe that you stated that trading the monthly was really investing ,not trading. Not being a smart ass, just asking.

Thanks, Poncho
For me, trading the BOSS and above, is investing (long term trading).

Look at my Post #8884 for some ideas on how to use the Yearly chart. You should be able to see how to use the Yearly information to provide LOW RISK, STRESS FREE trades on the Worker.

If nothing else, use the Yearly as your DIRECTION FINDER or GPS.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,919
  • Jan 4, 2010 11:26am Jan 4, 2010 11:26am
Quoting strat
Your Ichimoku Cloud is a HUGE distraction and will PREVENT you from FOCUSING and CONCENTRATING on PURE PRICE ACTION.

What use is it? What does it tell you that WE don't already know BEFORE PRICE crosses the cloud?
No STRAT,thats not ICHI cloud......its the CROSS of the MAs.....in COLOR FORMATION

see below on the 4 hr Euro..

kind regards

baz
EUR_USD Spot.png
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Click to Enlarge Name: EUR_USD Spot.png Size: 15 KB
  • #8,920
  • Jan 4, 2010 11:36am Jan 4, 2010 11:36am
Quoting baz
No STRAT,thats not ICHI cloud......its the CROSS of the MAs.....in COLOR FORMATION

see below on the 4 hr Euro..

kind regards

baz
EUR_USD Spot.png
But that is the basis of Ichimoku Clouds - they are the "clouds" between the 9 and 26 MAs.
15 YEARS OF PASR ON FOREX FACTORY!
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