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Daily candle chart

  • #10,041
  • Feb 9, 2010 1:34pm Feb 9, 2010 1:34pm
Quoting nAVIN2007
i think its all cycles bro! usd sinks more i think we really in bigger trouble..its just a waiting game right now i think ..let cable go up or base or something but right now its confusing..at least for me

trade safe
Hi Nav
great to hear from you.....FORGET EVERYTHING YOU HEAR OR READ.....the answer is in the CHARTs.....play the game ,my friend.....and leave the FIELD at the right time...
i posted this on AZIMs thread on FRiday....and i did go long.....

http://www.forexfactory.com/showpost...postcount=4622

baz
  • #10,042
  • Feb 9, 2010 3:36pm Feb 9, 2010 3:36pm
This is to say thanks to you BAZ. i rmba our days in ozfx, u kept saying 'Mike, this market is in cycle, look for a workable patterns(might not be harmonic) and trade it.

baz is a good influence on me in this industry, he will also say 'maintain good MM, and you will be fine'

to me, these two advice are motivating factor, am pleased to say, i follow those advice and am doing nice.

Thanks again teacher

btw, howz is mrs baz? i rmba when she complained about the sushi on ozfx as posted by POP. wot a memorable moments

God bless you
Mike
  • #10,043
  • Feb 9, 2010 4:25pm Feb 9, 2010 4:25pm
Quoting Naijafx
This is to say thanks to you BAZ. i rmba our days in ozfx, u kept saying 'Mike, this market is in cycle, look for a workable patterns(might not be harmonic) and trade it.

baz is a good influence on me in this industry, he will also say 'maintain good MM, and you will be fine'

to me, these two advice are motivating factor, am pleased to say, i follow those advice and am doing nice.

Thanks again teacher

btw, howz is mrs baz? i rmba when she complained about the sushi on ozfx as posted by POP. wot a memorable moments

God bless you
Mike
Hi Mike
Nice to hear from you.....and as i always say,if you are willing to learn and keep learning,than you are growing....i am really happy you are now at a stage where you are "HAPPY WITH YOUR TRADING ""..
Ahh the SUSHI.....boy that is the only way to eat sushi !!!.....but without the wife around !!
yes everything is fine....you take care and trade safe..

baz
  • #10,044
  • Feb 9, 2010 5:17pm Feb 9, 2010 5:17pm
Quoting JhonMonsalve
Range yet?

Attachment

We need a solid close below 50 area to load shorts, no positions in Yen pairs at this moment, my humble advice is waiting for breakout.

On daily charts we can see indecision.
Well, PA was unable to close below 50 area, nice time to going long in Yen pairs, I mean, daily candle close like bullish engulfing.

Attached Image (click to enlarge)
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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,045
  • Feb 9, 2010 5:19pm Feb 9, 2010 5:19pm
Quoting JhonMonsalve
Bearish continuation on pound pairs? It looks like it is.

Bearish on neck pattern on daily GBPLFX candle: [any bull sign yet]

Attachment

I don't dare to going long at this moment.
Turning bullish now? I see bullish pressure on the pound around 2.76 level.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpd.gif Size: 16 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,046
  • Feb 9, 2010 5:23pm Feb 9, 2010 5:23pm
Quoting JhonMonsalve
Right to the pip, the $ is on its way.

After Three White Soldiers we could see some bounce from the highs, the $ is playing this ascending channel:

Weekly:

Attachment

Daily: [Any bear sign yet]

Attachment
Quoting Bones
yes i think top of rising channel
Here we go! Tony, the time for a nice pullback before 1.8xx area on $ index has arrived.

Bearish engulfing daily candle:

Attached Image (click to enlarge)
Click to Enlarge Name: $indexd.gif Size: 15 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,047
  • Feb 9, 2010 5:44pm Feb 9, 2010 5:44pm
Bullish reversal on G/J.

Bullish reversal in the making on G/U?

Excellent thread BTW
Attached Image(s) (click to enlarge)
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  • #10,048
  • Feb 9, 2010 5:59pm Feb 9, 2010 5:59pm
Quoting direct-trade
Bullish reversal on G/J.

Bullish reversal in the making on G/U?

Excellent thread BTW
Hi DT!

That's one of my A++ Trades today: long Geppy , nice morning star [?] and long bullish candle [confirmation in both of them: GU - GJ]
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,049
  • Feb 9, 2010 5:59pm Feb 9, 2010 5:59pm
Quoting baz
Hi Nav
great to hear from you.....FORGET EVERYTHING YOU HEAR OR READ.....the answer is in the CHARTs.....play the game ,my friend.....and leave the FIELD at the right time...
i posted this on AZIMs thread on FRiday....and i did go long.....

http://www.forexfactory.com/showpost...postcount=4622

baz
Great job Baz!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,050
  • Feb 9, 2010 6:02pm Feb 9, 2010 6:02pm
...and Bullish reversal on the EUR/USD.

Not holding any EUR positions, but Long G/J and G/U. The rise to come on EUR should help the G/U and G/J rise from their own reversal formations.

...and U/J. Was looking for 3 stars in the South, but I'll call this one "2 stars in the south with a panic move during the 3rd Star" lol.

So, all in all, will continue to hold G/U and G/J Longs.
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  • #10,051
  • Feb 9, 2010 6:12pm Feb 9, 2010 6:12pm
Quoting direct-trade
Bullish reversal on G/J.

Bullish reversal in the making on G/U?

Excellent thread BTW
Hi D-T
i would have prefered to have seen it close above 1.5720,BUT for sure we have BULLISH bias up to at least 1.5850--1.5900,once we clear todays Highs..
Nice to see post here...
i think YOU are simply the best PA trader on FF....You truly can read it really well,its just amazing..
I think you can easily trade " WithOut A Chart "...!!!

GBP_USD Spot.png
Attached Image (click to enlarge)
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  • #10,052
  • Feb 9, 2010 6:14pm Feb 9, 2010 6:14pm
Quoting JhonMonsalve
Great job Baz!
Hi Jhon
You really love the Sushi man...
all the best

baz
  • #10,053
  • Feb 9, 2010 6:17pm Feb 9, 2010 6:17pm
Quoting JhonMonsalve
Hi DT!

That's one of my A++ Trades today: long Geppy , nice morning star [?] and long bullish candle [confirmation in both of them: GU - GJ]
Hi Jhon!

G/J and G/U are showing me the strongest type of reversals we could wish to see. G/J morning star, almost abandoned baby? due to the gap seen on my chart, same with G/U.

U/J looks like it's formed right shoulder with those "2 1/2 stars in the South"

The EUR/USD looks about as strong a reversal warning as one can get, but of course everyone is listening to the news and not trading their charts and intuition as normal, not a problem, allowed us to get in at discount on G/U and G/J.

Def. AA++ trades which of course could go sour, but I am def. continuing to hold longs for a while. It would be so nice if these decided to jump into large uptrends for quite a while. I miss the days when I could just check a trade once a day and just lock in profits. I'm having to work for it these days

All the best to you.
  • #10,054
  • Feb 9, 2010 6:23pm Feb 9, 2010 6:23pm
Quoting baz
Hi Jhon
You really love the Sushi man...
all the best

baz
Hi Baz!

I hope you're doing great, yep, I love sushi, mostly GJ, great call on cable, I was watching a bearish on neck pattern in GBPLFX yesterday, that's why I didn't trade it, but today is interesting, bearish engulfing in $ index, maybe the last retrace to resume the "uptrend", I'm long in GU & GJ

All the best to you too Baz!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,055
  • Feb 9, 2010 6:28pm Feb 9, 2010 6:28pm
Quoting JhonMonsalve
Hi Baz!

I hope you're doing great, yep, I love sushi, mostly GJ, great call on cable, I was watching a bearish on neck pattern in GBPLFX yesterday, that's why I didn't trade it, but today is interesting, bearish engulfing in $ index, maybe the last retrace to resume the "uptrend", I'm long in GU & GJ

All the best to you too Baz!
Yes Jhon
As i explained to Navin,forget all the Mumbo Jumbo,FOCUS on Charts,and trade what we see.....but you know that anyway..

GBP_JPY Spot.png

ok i need to sleep, good luck with the Trades

baz
Attached Image (click to enlarge)
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  • #10,056
  • Feb 9, 2010 6:33pm Feb 9, 2010 6:33pm
Quoting direct-trade
Hi Jhon!

G/J and G/U are showing me the strongest type of reversals we could wish to see. G/J morning star, almost abandoned baby? due to the gap seen on my chart, same with G/U.

U/J looks like it's formed right shoulder with those "2 1/2 stars in the South"

The EUR/USD looks about as strong a reversal warning as one can get, but of course everyone is listening to the news and not trading their charts and intuition as normal, not a problem, allowed us to get in at discount on G/U and G/J.

Def. AA++ trades which of course could...
Hi DT!

Nice to see you around, candlestick is a great tool for sure, I'm agree 110%, I don't trust in bullish movements in the € because of that:

The Swissie is weak:

Attached Image (click to enlarge)
Click to Enlarge Name: swissiedaily.gif Size: 20 KB


And this EG:

Attached Image (click to enlarge)
Click to Enlarge Name: egdaily.gif Size: 14 KB


So, I'm more long biased in the pound

[Peaches loves this kind of trades]

Have a great trading day DT!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,057
  • Feb 9, 2010 6:36pm Feb 9, 2010 6:36pm
Quoting baz
Yes Jhon
As i explained to Navin,forget all the Mumbo Jumbo,FOCUS on Charts,and trade what we see.....but you know that anyway..

GBP_JPY Spot.png

ok i need to sleep, good luck with the Trades

baz
As simple as that Baz! , you're truly a great chartist, a rectangle and a line and you have the target, cool!

Have a nice sleep Baz, catch you later then!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,058
  • Feb 9, 2010 6:41pm Feb 9, 2010 6:41pm
Quoting baz
Hi D-T
i would have prefered to have seen it close above 1.5720,BUT for sure we have BULLISH bias up to at least 1.5850--1.5900,once we clear todays Highs..
Nice to see post here...
i think YOU are simply the best PA trader on FF....You truly can read it really well,its just amazing..
I think you can easily trade " WithOut A Chart "...!!!

GBP_USD Spot.png

Please, enough of that praise stuff. I'm just trading it by the seat of my pants, just nice to see a confirmation on daily for once.

Once we clear 1.5720 we'll fly high.

Wish you success with your trades.

I'm logging off now, all the best
  • #10,059
  • Feb 9, 2010 6:41pm Feb 9, 2010 6:41pm
Quoting Bones
It was clear the Aud was to be weaker than the Cad and it has been a great lesson to me this week ..
http://i48.tinypic.com/k1z7rt.gif

What led you to that conclusion?
  • #10,060
  • Feb 10, 2010 4:38pm Feb 10, 2010 4:38pm
Quoting JhonMonsalve
Turning bullish now? I see bullish pressure on the pound around 2.76 level.

Attachment
Tricky PA, bearish engulfing on daily charts

Attached Image (click to enlarge)
Click to Enlarge Name: gbpd.gif Size: 16 KB


Any idea?

A solid close below 2.76-75 area and we're going to test the bottom in the descending channel @2.71
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
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