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Daily candle chart

  • #10,301
  • Mar 26, 2010 11:53am Mar 26, 2010 11:53am
Keep this thread alive guys it is a wealth of info with your analysis!
  • #10,302
  • Mar 26, 2010 1:04pm Mar 26, 2010 1:04pm
Quoting JhonMonsalve
Hi dear traders!

I think we could see a nice pullback in the € pairs from here, I'm not picking bottoms, but chart is clear: [Monthly chart]


Attachment
Like I've pointed earlier, it looks like the € is finding the bottom:

Attached Image (click to enlarge)
Click to Enlarge Name: €daily.gif Size: 9 KB


Next week is gonna be interesting, trade € against £, Yen, Cad, Aud or whatever currency [minus $] is the way to go! I like specially EurAud.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,303
  • Mar 26, 2010 1:08pm Mar 26, 2010 1:08pm
Quoting JhonMonsalve
Well, I guess I was short biased on $, but, the important thing on this is check what was wrong in the chart analysis, like I said on the post above: The location is very important, this "bearish in neck", turning in Bullish Hammer, now look at this $ stuff, bulls charging.

Like Tony said on December 09: next parade @1.81, don't try to sell the $

Daily: Candle close above 1.78 [Strong bullish sign]

Attachment

My humble advice to you, is buy $ against any pair: €, £, Yen... [I like AU - Short]
Like I said yesterday, AU short is really nice, look at daily Aud index:

Attached Image (click to enlarge)
Click to Enlarge Name: auddaily.gif Size: 13 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,304
  • Mar 26, 2010 1:12pm Mar 26, 2010 1:12pm
Quoting silverheat
canada
Hi Silverheat!

Careful shorting the $, the loonie is OB in all TF's, the oil looks toppy too!

Daily Cad Index is engulfing so far:

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


Have a great weekend!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,305
  • Mar 26, 2010 1:13pm Mar 26, 2010 1:13pm
Quoting gman29
Keep this thread alive guys it is a wealth of info with your analysis!


Have a great weekend!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,306
  • Mar 27, 2010 1:09am Mar 27, 2010 1:09am
Whilst the thread title says "daily", I trade off of much smaller time frames. I also don't predict markets-I trade them.

I am of the camp that traders fail with candles for two reasons:

1. They use generic candle patterns like those found in books or most internet sites.

2. They don't understand or pay attention to the price action within which the pattern is occurring. The pattern does not define the price action; the price action defines the pattern.

Anyway, I wanted to post this last night as it happened, but I find myself a poster without a thread (I don't want to start one because I do not want to feel obligated to keep it going.) So I dug this one up and here it is:

A valid (Bullish) Hammer Pattern where I would want to see it. Get long. No multiple time frames. No background information from 3 days ago. Just an immediate understanding of price/volume action prior to and leading into the pattern. And of course, the pattern itself.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: PVR5.png Size: 99 KB
Click to Enlarge Name: PVR6.png Size: 99 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,307
  • Mar 28, 2010 8:11pm Mar 28, 2010 8:11pm
Quoting JhonMonsalve
I told you, 51.75 is pretty strong s/r area, waiting for a breakout to the upside or we could tank hard on sushi from here:

Attachment
Hi dear traders!

A couple of charts: Remember our dear level 51.75 in sushi index?

Well, now, we're trading above that, translation = Sell ¥ like no tomorrow is the way to go!

Check this daily chart: Price close above that level past week.

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


Monthly looks pretty good for short the ¥ [Candle is not close yet], but weekly and daily charts are clear.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,308
  • Mar 28, 2010 8:18pm Mar 28, 2010 8:18pm
Quoting JhonMonsalve
Like I've pointed earlier, it looks like the € is finding the bottom:

Attachment

Next week is gonna be interesting, trade € against £, Yen, Cad, Aud or whatever currency [minus $] is the way to go! I like specially EurAud.
Bearish on neck or Bullish Hammer? I'm more long biased in the €, because the monthly chart that I've posted a few days ago, so, for me is Bullish Hammer, so, ¥ weak, € strong, you know what to do!

Weekly chart: €

Attached Image (click to enlarge)
Click to Enlarge Name: €weekly.gif Size: 12 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,309
  • Mar 28, 2010 8:21pm Mar 28, 2010 8:21pm
Bullish continuation on $!

Weekly chart: Bullish Harami Hammer + confirmation candle!

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


Note: weekly charts needs more room to go on our direction, so, is probable to see some pullbacks in many pairs, but trend is bullish in $.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,310
  • Mar 28, 2010 8:26pm Mar 28, 2010 8:26pm
Quoting JhonMonsalve
Like I said yesterday, AU short is really nice, look at daily Aud index:

Attachment
I'm on this yet! , note the Bearish Evening Star Pattern on Weekly charts:

Attached Image (click to enlarge)
Click to Enlarge Name: auweekly.gif Size: 16 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,311
  • Mar 28, 2010 8:31pm Mar 28, 2010 8:31pm
This is my favorite currency! I see some inside bars on weekly charts, it looks like the £ has found some support around 2.63, the past week candle is sort of morning star, but in general looks like Inside Bar [Bullish]

Attached Image (click to enlarge)
Click to Enlarge Name: gbpweekly.gif Size: 11 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,312
  • Mar 28, 2010 8:33pm Mar 28, 2010 8:33pm
Quoting JhonMonsalve
This is my favorite currency! I see some inside bars on weekly charts, it looks like the £ has found some support around 2.63, the past week candle is sort of morning star, but in general looks like Inside Bar [Bullish]

Attachment
Resume:

Long: €, $, £

Short: Aussie, ¥

There are more currencies, but I'm trading AU, GJ
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,313
  • Mar 28, 2010 8:37pm Mar 28, 2010 8:37pm
Quoting JhonMonsalve
Hi dear traders!

A couple of charts: Remember our dear level 51.75 in sushi index?

Well, now, we're trading above that, translation = Sell ¥ like no tomorrow is the way to go!

Check this daily chart: Price close above that level past week.

Attachment

Monthly looks pretty good for short the ¥ [Candle is not close yet], but weekly and daily charts are clear.
Btw, that's how it looks monthly candle today: Engulfing

Attached Image (click to enlarge)
Click to Enlarge Name: yenmonthly.gif Size: 10 KB


Have a nice week trading session ahead!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,314
  • Mar 28, 2010 8:44pm Mar 28, 2010 8:44pm
Quoting JhonMonsalve
Resume:

Long: €, $, £

Short: Aussie, ¥

There are more currencies, but I'm trading AU, GJ
Agree...Buy every thing but AUSSIE.... and May be CAD
Markets are not Random, they are designed!
  • #10,315
  • Mar 28, 2010 8:46pm Mar 28, 2010 8:46pm
Quoting Raza
Agree...Buy every thing but AUSSIE....
Raza buddy! I know you love sushi too hehe, great call on EA
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,316
  • Mar 28, 2010 8:52pm Mar 28, 2010 8:52pm
Quoting JhonMonsalve
Raza buddy! I know you love sushi too hehe, great call on EA
Thanks Jhon.

I had been watching this EA for months.... and called a Long on U/J as

well.. I had been long on U/J from 84xx area...cause I had called that Bottom few months ago when U/J was at 97xx level...Thanks God...did

not make a wrong call on those to jeopardize the reputation.on the thread....(keeping in mind ...that things could change..so keeping an Eye on it)

There are more opps in other currencies as well...

As they develop I will post a Chart...

AUD/ USD could become a very nice long term SHORT...
Markets are not Random, they are designed!
  • #10,317
  • Mar 28, 2010 9:18pm Mar 28, 2010 9:18pm
Quoting Raza
Thanks Jhon.

I had been watching this EA for months.... and called a Long on U/J as

well.. I had been long on U/J from 84xx area...cause I had called that Bottom few months ago when U/J was at 97xx level...Thanks God...did

not make a wrong call on those to jeopardize the reputation.on the thread....(keeping in mind ...that things could change..so keeping an Eye on it)

There are more opps in other currencies as well...

As they develop I will post a Chart...

AUD/ USD could become a very nice long term SHORT...
WTG buddy! Always is pretty nice to see senior members posting here, no matter what's your bias: share some charts with us.

AU looks really good, double top on monthly Audlfx
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,318
  • Mar 30, 2010 2:14am Mar 30, 2010 2:14am
Quoting JhonMonsalve
WTG buddy! Always is pretty nice to see senior members posting here, no matter what's your bias: share some charts with us.

AU looks really good, double top on monthly Audlfx
Jhon,

E/A retraced 300 pips out of 400 pips....WTF...

Lets see If I get stopped out at B.E...

And ...A/U ....Bul run???...

Lets see what Weekly Shows...
Markets are not Random, they are designed!
  • #10,319
  • Mar 30, 2010 4:44am Mar 30, 2010 4:44am
Quoting Raza
Jhon,

E/A retraced 300 pips out of 400 pips....WTF...

Lets see If I get stopped out at B.E...

And ...A/U ....Bul run???...

Lets see what Weekly Shows...
Yep Raza! I saw that, I was stopped out on AU trade, but Geppy is going really good 4h candle close above 139, let's see! , I'll post some charts later here!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,320
  • Mar 30, 2010 6:26am Mar 30, 2010 6:26am
Could you please let know what EA are you refering to?
thanks in advance


Quoting Raza
Jhon,

E/A retraced 300 pips out of 400 pips....WTF...

Lets see If I get stopped out at B.E...

And ...A/U ....Bul run???...

Lets see what Weekly Shows...
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