Lol, it looks like 1.63 is not enough this time buddy
check: Bullish hammer on s/r zone
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,201
- Feb 26, 2010 1:50pm Feb 26, 2010 1:50pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
check: Bullish hammer on s/r zone - #10,202
- Edited 8:13am Feb 28, 2010 7:24am | Edited 8:13am
[quote=JhonMonsalve;3500182]Mac, I'm bearish in the Cad yet, look: Bearish Engulfing
Hi John.
Yes, looks like bearish
.
I took my pips out for now, see my real EC chart.
It was on H3 kind of double top and Friday of course.
Mac.
Hi John.
Yes, looks like bearish
. I took my pips out for now, see my real EC chart.
It was on H3 kind of double top and Friday of course.
Mac.
- #10,203
- Feb 28, 2010 7:37am Feb 28, 2010 7:37am
However, please see also Loonie daily, weekly and monthly chart.
On daily I can see invalid bullish harami (because of lower wick lower then previous close), on weekly we see invalid bearish engulfing ( because current isn't close lower than previous and lower wick unusual long), and monthly shows me room for move up yet.
By all this I still expect to hit 1.71xx level, or I'm wrong.
What do you think ?
Best regards.
Mac
On daily I can see invalid bullish harami (because of lower wick lower then previous close), on weekly we see invalid bearish engulfing ( because current isn't close lower than previous and lower wick unusual long), and monthly shows me room for move up yet.
By all this I still expect to hit 1.71xx level, or I'm wrong
.What do you think ?
Best regards.
Mac
- #10,204
- Feb 28, 2010 8:09am Feb 28, 2010 8:09am
[quote=JhonMonsalve;3500113]Sushi is sushi, my morning star became a Bearish In Neck: Once and again, solid close below 50 area only means one thing --> 
Yes John.
I see the same.
On LfxJPY daily we see white indecision rather then any "star" and bearish continuation I thing for now.
On LfxJPY weekly bearish engulfing which cover two previous candle, but there is bottom channel TL and monthly pushing up.
I expect to hit SL at 48.8xx area or I'm wrong again.
However let's see how Monday will
open.
Regards
Mac.
Yes John.
I see the same.
On LfxJPY daily we see white indecision rather then any "star" and bearish continuation I thing for now
.On LfxJPY weekly bearish engulfing which cover two previous candle, but there is bottom channel TL and monthly pushing up.
I expect to hit SL at 48.8xx area or I'm wrong again.
However let's see how Monday will
open
.Regards
Mac.
- #10,205
- Feb 28, 2010 9:30am Feb 28, 2010 9:30am
[quote=JhonMonsalve;3500134]The buck is on Selling pressure this month end, I mean, many confluence of candlestick around 1.77 - 1.78, I see a Bearish Shooting Star on daily after the Hanging Man from yesterday, but, Gold maybe have some clues about buck direction, I see a solid close above 1100, I mean, Engulfing on daily Gold candle, so, my short term bearish bias in the $ is valid yet.
Hi John.
I agree with you about $ and I in bearish camp too for now.
We got now on daily $lfx kind of invalid engulfing ( because current open is just below close previous candle).
On weekly we got third week indecision and I would call it us a rising three method if Monday it goes up.
However if open down I expect to hit SL at 1.75xx area and if break though there is 1.74xx on the table.
Please see backs daily and weekly chart.
What do you think ?
Regards
Mac.
Hi John.
I agree with you about $ and I in bearish camp too for now
.We got now on daily $lfx kind of invalid engulfing ( because current open is just below close previous candle).
On weekly we got third week indecision and I would call it us a rising three method if Monday it goes up.
However if open down I expect to hit SL at 1.75xx area and if break though there is 1.74xx on the table.
Please see backs daily and weekly chart.
What do you think ?
Regards
Mac.
- #10,207
- Feb 28, 2010 5:35pm Feb 28, 2010 5:35pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
However, please see also Loonie daily, weekly and monthly chart.
On daily I can see invalid bullish harami (because of lower wick lower then previous close), on weekly we see invalid bearish engulfing ( because current isn't close lower than previous and lower wick unusual long), and monthly shows me room for move up yet.
By all this I still expect to hit 1.71xx level, or I'm wrong
What do you think ?
Best regards.
Mac
This is my view on the Cad:
Daily: Bullish harami [Has more room to go up, at least until 1.69 area]
Weekly: Interesting, Kabuse on Weekly charts, is not a engulfing, is a variation of Dark Cloud Cover [Not as perfect as it is in the books], cause the high open of prior candle but not higher than prior candle high, but is good enough.
Monthly: As you pointed, has more room to go up. Cause the long wick in the candle.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,208
- Feb 28, 2010 5:41pm Feb 28, 2010 5:41pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Sushi is sushi, my morning star became a Bearish In Neck: Once and again, solid close below 50 area only means one thing -->
Yes John.
I see the same.
On LfxJPY daily we see white indecision rather then any "star" and bearish continuation I thing for now
On LfxJPY weekly bearish engulfing which cover two previous candle, but there is bottom channel TL and monthly pushing up.
I expect to hit SL at 48.8xx area or I'm wrong again.
However let's see how Monday will
open
Regards
Mac.
Accord to the Monthly candle, you're right, next parade around 48.xx area. I see sort of Three Black Crows pattern on Monthly.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,209
- Feb 28, 2010 5:46pm Feb 28, 2010 5:46pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
The buck is on Selling pressure this month end, I mean, many confluence of candlestick around 1.77 - 1.78, I see a Bearish Shooting Star on daily after the Hanging Man from yesterday, but, Gold maybe have some clues about buck direction, I see a solid close above 1100, I mean, Engulfing on daily Gold candle, so, my short term bearish bias in the $ is valid yet.
Hi John.
I agree with you about $ and I in bearish camp too for now
We got now on daily $lfx kind of invalid engulfing ( because current...
On Weekly I see sort of Tweezers Top + Harami, if we have a weekly candle close above 1.78, next parade is 1.81, otherwise, 1.74 is on the cards.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,210
- Feb 28, 2010 5:48pm Feb 28, 2010 5:48pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Here's how I see the Dailies on G/J, E/U, A/U, U/Chf, A/Cad:
http://www.forexfactory.com/showpost...postcount=5053
Could be looking at reversals across the board over the coming week or two...:nerd:
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,211
- Feb 28, 2010 5:52pm Feb 28, 2010 5:52pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Consider this in your analysis...
12 hr Tf......a BEARISH HIKAKE formation,and off a Trend Line as well...
i do not wish to change your position,but we also have a TRENDLINE in place..
but as usual lets see what London open and PA shows..
EUR_USD Spot.png
Eurlfx Daily: we could see a breakout of the the descending TL, after confluence of candlestick patterns.
What do you think?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,214
- Feb 28, 2010 6:05pm Feb 28, 2010 6:05pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Yes...you have read this correctly.......although its against the TREND,BUT the DAILY EURO is showing signs of TURNING bullish......LONGTERM i remain bearish,unless we get a sustained move UP......
There was a HIKAKE ( BULLISH FORMATION ) on the DAILY EUR/USD as well,last week
baz
Any thought on Cable? Any idea about bearishness on the pound?
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,215
- Feb 28, 2010 6:13pm Feb 28, 2010 6:13pm
- Joined Dec 2007 | Status: Trader | 1,964 Posts
Great to hear that Baz
Any thought on Cable? Any idea about bearishness on the pound?
think about it....if you want to SHORT the POUND......than FIRST FLUSH out the weak SHORTS,.....get more suckers into a LONG....and than FLUSH these NEW longs....and a Move DOWN begins...
BUT always for you and me...PA Dictates...
It will be one HELL of a week this week....NEW MONTH starts tommorow
as WELL !!
take care and Good Luck with ur TRADES
baz
- #10,216
- Feb 28, 2010 6:17pm Feb 28, 2010 6:17pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,218
- Mar 2, 2010 2:37pm Mar 2, 2010 2:37pm
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
see how it is getting rejected from a point time and again and may follow the plotted route to south till trend line
Don't chase the market, Let the market come to you
- #10,220
- Mar 3, 2010 9:59am Mar 3, 2010 9:59am
Where is your candlestick analysis? That is the sole purpose of this thread is daily candlesticks. Thanks
Hi Tmac
Nice to see you back.
I hope you doing well
.What about Hussin ? I hope Hi is OK and hi well be back soon.
Best wishes to all of you.
Mac.