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Daily candle chart

  • #10,061
  • Feb 10, 2010 4:41pm Feb 10, 2010 4:41pm
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
Baz! Any thought on cable today?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,062
  • Feb 10, 2010 4:55pm Feb 10, 2010 4:55pm
Quoting JhonMonsalve
Baz! Any thought on cable today?
Hi Jhon
we had a FAILURE at 1.5700.....and the BULLs defended the 1.5575 area..,as such i am FLAT....untill we resolve this Range...a joke really,the weekly range is about 250 pips,and Cable is capable of doing that in 1 day...
On GBPLITE FX,i see a SUPPORT being held....
So for a BULLISH sceanario,i would like to see a FADE move Down,backed by PRICE ACTION...otherwise i see a DOWNWARD pressure...as today can be taken as a TEST of the WEEKLY BreakOut,and Down she goes...BUT lets see what happens London open..
also on DAILY we do have HLs as well....

baz

GBP_USD Spot.png
Attached Image (click to enlarge)
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  • #10,063
  • Feb 10, 2010 5:41pm Feb 10, 2010 5:41pm
Quoting baz
Hi Jhon
we had a FAILURE at 1.5700.....and the BULLs defended the 1.5575 area..,as such i am FLAT....untill we resolve this Range...a joke really,the weekly range is about 250 pips,and Cable is capable of doing that in 1 day...
On GBPLITE FX,i see a SUPPORT being held....
So for a BULLISH sceanario,i would like to see a FADE move Down,backed by PRICE ACTION...otherwise i see a DOWNWARD pressure...as today can be taken as a TEST of the WEEKLY BreakOut,and Down she goes...BUT lets see what happens London open..
also on DAILY we do have HLs as...
Thanks Baz!

Cable is pretty tricky lately, requires a lot of patient to be traded, I was checking some hussin's post relative to defective bearish engulfing, do you know something about that?

Check this post:

http://www.forexfactory.com/showpost...&postcount=118

Is pretty much similar to daily candle close in GBPLFX, many indecision in the market. I'm not an expert in this patterns, but I'd like to learn from that.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,064
  • Feb 10, 2010 5:50pm Feb 10, 2010 5:50pm
Quoting JhonMonsalve
Thanks Baz!

Cable is pretty tricky lately, requires a lot of patient to be traded, I was checking some hussin's post relative to defective bearish engulfing, do you know something about that?

Check this post:

http://www.forexfactory.com/showpost...&postcount=118

Is pretty much similar to daily candle close in GBPLFX, many indecision in the market. I'm not an expert in this patterns, but I'd like to learn from that.
the best Peson to answer in Hussins absence is Tony,i am sure when he has time he will respond...
the only thing i can think is.." that both BARS are not of Equal Length "...
but lets wait for Tony..
sorry

baz
  • #10,065
  • Feb 10, 2010 5:55pm Feb 10, 2010 5:55pm
Quoting baz
the best Peson to answer in Hussins absence is Tony,i am sure when he has time he will respond...
the only thing i can think is.." that both BARS are not of Equal Length "...
but lets wait for Tony..
sorry

baz
Ok Baz! Thanks! If I found some more information, I'll post here.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,066
  • Feb 10, 2010 7:45pm Feb 10, 2010 7:45pm
Quoting baz
the best Peson to answer in Hussins absence is Tony,i am sure when he has time he will respond...
the only thing i can think is.." that both BARS are not of Equal Length "...
but lets wait for Tony..
sorry

baz
Yes, I think you are correct. but I thought the bear bar had to be a few pips more. I dunno....need Tony.
  • #10,067
  • Feb 11, 2010 11:18am Feb 11, 2010 11:18am
Quoting baz
the best Peson to answer in Hussins absence is Tony,i am sure when he has time he will respond...
the only thing i can think is.." that both BARS are not of Equal Length "...
but lets wait for Tony..
sorry

baz
Quoting calderone
Yes, I think you are correct. but I thought the bear bar had to be a few pips more. I dunno....need Tony.
Baz, Mike, the daily candle isn't close yet, but maybe the defective bearish engulfing is playing out, I mean, this pattern is weird, but I see a bullish move coming in the pound today and maybe tomorrow, I think was a false breakout.

What do you think?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,068
  • Feb 11, 2010 11:32am Feb 11, 2010 11:32am
Quoting JhonMonsalve
Baz, Mike, the daily candle isn't close yet, but maybe the defective bearish engulfing is playing out, I mean, this pattern is weird, but I see a bullish move coming in the pound today and maybe tomorrow, I think was a false breakout.

What do you think?
Yes Jhon...i was long,and first target Taken...in FREE TRADE NOW...
Can you say "HIKAKE ".....i love it..

bazGBP_USD Spot.png
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 10 KB
  • #10,069
  • Feb 11, 2010 11:35am Feb 11, 2010 11:35am
Quoting baz
Yes Jhon...i was long,and first target Taken...in FREE TRADE NOW...
Can you say "HIKAKE ".....i love it..

bazGBP_USD Spot.png
I would like to see a CLOSE ABOVE 1.5700...for today

baz
  • #10,070
  • Feb 11, 2010 11:35am Feb 11, 2010 11:35am
Quoting baz
Yes Jhon...i was long,and first target Taken...in FREE TRADE NOW...
Can you say "HIKAKE ".....i love it..

bazGBP_USD Spot.png
Lol Baz! "HIKAKE" , great , we're learning something new every day, If daily candle close like bullish hammer on gbplfx = 1.60 here we come in Cable!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,071
  • Feb 11, 2010 11:38am Feb 11, 2010 11:38am
Quoting JhonMonsalve
Lol Baz! "HIKAKE" , great , we're learning something new every day, If daily candle close like bullish hammer on gbplfx = 1.60 here we come in Cable!
1.5900 i think Jhon...if trade Pans out,thats where i will SEARCH for SHORTS

baz
  • #10,072
  • Feb 11, 2010 11:40am Feb 11, 2010 11:40am
Quoting baz
I would like to see a CLOSE ABOVE 1.5700...for today

baz
Baz, check my trade on GCad

From the top to the bottom

Quoting JhonMonsalve
I like this setup for next week!

Inverted cup with handle on daily plus candlestick pattern formation [doji + black long candle = sellers]

Attachment

The powerful doji, Baz

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,073
  • Feb 11, 2010 11:42am Feb 11, 2010 11:42am
Quoting baz
1.5900 i think Jhon...if trade Pans out,thats where i will SEARCH for SHORTS

baz
1.59 is reasonable to me Baz
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,074
  • Feb 11, 2010 11:50am Feb 11, 2010 11:50am
Quoting JhonMonsalve
1.59 is reasonable to me Baz
Yes Jhon,there is a FEW ressistance level it needs to BREAK,but watch for 1.5770.....and as i said a CLOSE above 1.5700 as well..
Have a great Day,and i will stay in touch .......

baz
  • #10,075
  • Feb 11, 2010 12:13pm Feb 11, 2010 12:13pm
Quoting baz
Yes Jhon,there is a FEW ressistance level it needs to BREAK,but watch for 1.5770.....and as i said a CLOSE above 1.5700 as well..
Have a great Day,and i will stay in touch .......

baz
Ok Baz, thanks, have a great day you too, catch you later then!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,076
  • Feb 11, 2010 7:02pm Feb 11, 2010 7:02pm
Quoting JhonMonsalve
Tricky PA, bearish engulfing on daily charts

Attachment

Any idea?

A solid close below 2.76-75 area and we're going to test the bottom in the descending channel @2.71
Bullish hammer, after defective bearish 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."
  • #10,077
  • Feb 11, 2010 7:05pm Feb 11, 2010 7:05pm
Quoting JhonMonsalve
Here we go! Tony, the time for a nice pullback before 1.8xx area on $ index has arrived.

Bearish engulfing daily candle:

Attachment
Engulfing today too: I'd like to see 1.74xx test before resume bullish trend.

Attached Image (click to enlarge)
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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,078
  • Feb 11, 2010 7:08pm Feb 11, 2010 7:08pm
I'm in this:

Attached Image (click to enlarge)
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Engulfing + bullish divergence.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,079
  • Feb 11, 2010 7:17pm Feb 11, 2010 7:17pm
Quoting baz
Yes Jhon,there is a FEW ressistance level it needs to BREAK,but watch for 1.5770.....and as i said a CLOSE above 1.5700 as well..
Have a great Day,and i will stay in touch .......

baz
Baz, you have your daily candle close @1.5701, let's see!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,080
  • Feb 11, 2010 7:22pm Feb 11, 2010 7:22pm
Quoting baz
I would like to see a CLOSE ABOVE 1.5700...for today

baz
right on.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_l1.jpg Size: 104 KB
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