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Daily candle chart

  • #9,961
  • Jan 30, 2010 6:35am Jan 30, 2010 6:35am
Hi Jhon I am bearish at this point on all commodity currencies Aud Nzd Cad

Quoting JhonMonsalve
Tony!

What do you think about weekly candle on Cad?

Attachment
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Click to Enlarge Name: cad lfx 30th jan 2010.gif Size: 18 KB
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  • #9,962
  • Jan 30, 2010 6:42am Jan 30, 2010 6:42am
Aud is turning
Attached Image (click to enlarge)
Click to Enlarge Name: aud lfx monthly 30th jan 2010.gif Size: 10 KB
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  • #9,963
  • Jan 30, 2010 6:47am Jan 30, 2010 6:47am
I think 1 .7 will hold
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad 30th jan 2010.gif Size: 14 KB
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  • #9,964
  • Jan 31, 2010 2:28am Jan 31, 2010 2:28am
Yes a mirage ,"Hikkake"


Quoting Bones
lol how do know such terms Baz ? ,you think its a mirage ? as Hussin would say..


The phrase "Hikkake" is a Japanese verb which means to "trick" or "ensnare."



A mirage is a naturally occurring optical phenomenon in which light rays are bent to produce a displaced image of distant objects or the sky
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp weekly 30th jan 2010.gif Size: 15 KB
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  • #9,965
  • Jan 31, 2010 5:21am Jan 31, 2010 5:21am
The reason I thought the cad was going to move less than the Aud is the first bearish weekly candle on this pair ,I was a little surprised the Cad went further (middle green candle),but overall I think the Aud will break the trend ,for me the aud is the one to short if there is a continuation of these currencies in retrace at this time

Quoting Bones
Cads in a wedge ,but stonger than Aud ,hanging man last week is warning if price goes higher I think will fail
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad weekly 30th jan 2010.gif Size: 12 KB
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  • #9,966
  • Jan 31, 2010 6:40am Jan 31, 2010 6:40am
hi bones, what is your view on Cable?
  • #9,967
  • Jan 31, 2010 7:29am Jan 31, 2010 7:29am
Dear Tony.

I’ve been never asking questions when I’m sure things which just clear, and that is why for some time I’m wrong.
So, let me ask you please:
Can I see the last candle “bearish on-neck” on you CadLfx weekly chart as a “ in – neck candle “ rather ?
Because I’m with you in bearish camp so far and there is for “on” 56% acts as a continuation pattern, for “in” is 53% acts that way in the bull market, which we got right now:

Can I rather see this candle as a “harami cross” which is a bullish reversal pattern with 55% acts that way.
So, in my point of view for short term “bullish reversal” but maybe in main direction bearish continuation pattern.
Please see daily and monthly CadLfx;
If daily stoch” can open week above 20% level we can see 1.66xx in next few days, if not there is 1.61xx on the table.
Also, we can see how “harami “ work in the past.
That is what tells me my measurement for CadLfx so far or I’m wrong again.

I would say great thanks to You for any wards of comment, and as always I appreciate it.


Regards


Mac.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CADLfx-weekly2.jpg Size: 210 KB
  • #9,968
  • Jan 31, 2010 8:08am Jan 31, 2010 8:08am
Well logic dictates that it’s in the neck doesn’t it but Hussin has told us before that its
“on the neck “,also the FX has different looking patterns sometimes than equity I suppose due to 24hr market.
To be honest Mac the pattern in general is a difficult call, and I know I could easily be wrong with this one and that may be a bullish candle which would still fit my Aud Cad scenario.
I would say that the Cross you point out was right near a rising TL
Im not sure on percentages, but possibly opening movements will give us our answer ,
http://www.forexfactory.com/showpost...postcount=7192
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  • #9,969
  • Jan 31, 2010 8:16am Jan 31, 2010 8:16am
One thing I have noticed is that the Aud and Cad move in very similar circles
Attached Image (click to enlarge)
Click to Enlarge Name: 1 aud lfx weekly 30th jan 2010.gif Size: 11 KB
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  • #9,970
  • Edited 12:45pm Jan 31, 2010 8:29am | Edited 12:45pm
Hi Tony.

At first great thanks for quick respond and I agree with you, let's see what
"open" can show us.

Regards

Mac.
  • #9,971
  • Jan 31, 2010 8:29am Jan 31, 2010 8:29am
Quoting MacMG
Dear Tony....
Mac

Quoting Bones
Well logic dictates that it’s in the neck doesn’t it but Hussin has told us before that its
“on the neck “,also the FX has different looking patterns sometimes than equity I suppose due to 24hr market.
To be honest Mac the pattern in general is a difficult call, and I know I could easily be wrong with this one and that may be a bullish candle which would still fit my Aud Cad scenario.
[font=Calibri][size=3]I would...
Tony, great post, I like this debate, my short term view is bullish on cad, take a look to hussin post, that pattern is sort of hammer, after a long bearish candle, but check what happens later, Bullish scenario play out:

Hussin chart:

Attached Image (click to enlarge)
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Nzdlfx after Bearish on neck pattern:

Attached Image (click to enlarge)
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I don't know, I'm just saying the cad is on bullish ascending channel. The weekly candle is more like a bullish morning doji star. On daily we could see some buying pressure too, all is about location, s/r zones, if cad break 1.63xx, I'll be bearish too, on the other hand, I'm selling GCad
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,972
  • Jan 31, 2010 8:36am Jan 31, 2010 8:36am
Yes Jhon how interesting it will be We will all learn from this no doubt. But Jhon even wick cover is a success for the pattern at the low if we go there we must be cautious ,I have seen this a few times
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  • #9,973
  • Jan 31, 2010 8:40am Jan 31, 2010 8:40am
Quoting Bones
Yes Jhon how interesting it will be We will all learn from this no doubt. But Jhon even wick cover is a success for the pattern at the low if we go there we must be cautious ,I have seen this a few times
Yep Tony! Great! This thread is amazing, pure AU , of course, I'm not jumping in that trade Tony, I was shorting from the top [GCad short], so, I'm lock in profits now, let's see what happens, I'm being so careful, thanks Tony!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,974
  • Edited 11:43am Jan 31, 2010 8:42am | Edited 11:43am
Jhon whats your feeling on monthly?
Attached Image (click to enlarge)
Click to Enlarge Name: cad lfx monthly 30th jan 2010.gif Size: 11 KB
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  • #9,975
  • Jan 31, 2010 8:48am Jan 31, 2010 8:48am
Quoting Bones
Jhon whats your felling on monthly?
Monthly is another history Tony! I mean, is sort of bearish harami, but the long wicks looks weird, I like the close above 1.64 for bullish scenario, but, monthly patterns take time to carry out!

Attached Image (click to enlarge)
Click to Enlarge Name: cadlfxm.gif Size: 14 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,976
  • Jan 31, 2010 8:55am Jan 31, 2010 8:55am
Bearish Identical 3 crows?

Attached Image (click to enlarge)
Click to Enlarge Name: eurlfx.gif Size: 11 KB


What do you think?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #9,977
  • Jan 31, 2010 9:12am Jan 31, 2010 9:12am
I agree Jhon the eur is in free fall
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  • #9,978
  • Edited 12:43pm Jan 31, 2010 9:14am | Edited 12:43pm
Hi.

Can I share with you Tony with my doubts about AudLfx please.
See my weekly Audlfx charts which shows view at :
because there wasn't enough power to push lower then 1.53xx
even "evening star" pattern in the past.
Do it have power for this time, and if it can't go lower than 1.503x, we should
think about "cup and handle" pattern for it?
As You pointed, let's see open

Regards

Mac.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDlfx-weekly.jpg Size: 228 KB
  • #9,979
  • Jan 31, 2010 9:41am Jan 31, 2010 9:41am
Maybe Mac ,I'm pretty confident on the aud mind

and the evening star is 3 candle ,number 3 must close below 50% of which dose not occur in the previous set up
engulfing and tweezer did work out as next week was still bearish

The Aud monthly is telling a story I feel and I'm looking for a quick break
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  • #9,980
  • Jan 31, 2010 9:49am Jan 31, 2010 9:49am
I would agree that the Aud Lfx monthly shooting star wick is not that great ,but what about location ,possibly only retace,existing TL will go ,1.5000 is possible

First red candle in 12
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