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Daily candle chart

  • #10,461
  • Apr 21, 2010 10:51am Apr 21, 2010 10:51am
Quoting Tmac
Not to discourage you in anyway as analysis is always welcome and you know youir stuff but this thread is titled daily candle chart for a reason.

Jhon and Bones have kept this Thread alive and have done so with execellent skills that I find simply amazing so please lets keep to the thread topic.


Hi Tmac! I hope Hussin is ok and he's going back soon!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,462
  • Apr 21, 2010 10:56am Apr 21, 2010 10:56am
Quoting JhonMonsalve


Hi Tmac! I hope Hussin is ok and he's going back soon!
I send a message every few weeks to him and they do not get kicked back so i take that as a good sign. He did get married also.
Don't chase the market, Let the market come to you
  • #10,463
  • Apr 21, 2010 11:01am Apr 21, 2010 11:01am
looking for a bounce from upper trendline and horizontal S/R.

keeping it the way it was started
Attached Image (click to enlarge)
Click to Enlarge Name: daily.png Size: 42 KB
  • #10,464
  • Apr 21, 2010 11:12am Apr 21, 2010 11:12am
Quoting Tmac
When the political problems arose in Iran over the election results the Goverment baiscally shut down most of the internet and banned places like facebook, this was his first message to me then...that threy had banned facebook with more to come.
They then banned public forums where information could be freely shared and the list goes on and on.
The last email from him simply stated that he was doing ok and hoped to be back soon. That was a few months ago.

Thanks for the update. Appreciated. Glad to hear that things are "ok". It is really to bad that some govt's find it necessary to ban freedoms that we take for granted. But that is a discussion for another time and place.
  • #10,465
  • Apr 21, 2010 3:46pm Apr 21, 2010 3:46pm
Quoting Bones
Do you feel bullish on the yen ?
Evening Star on ¥?

Attached Image (click to enlarge)
Click to Enlarge Name: ¥d1.gif Size: 15 KB


Weekly chart so far showing us a strong ¥, a close above 53.5 is the key to short sushi, in the other hand, we're going to test 51.75 again [Rectangle is playing yet]
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,466
  • Apr 21, 2010 3:53pm Apr 21, 2010 3:53pm
Quoting JhonMonsalve
Evening Star on ¥?

Attachment

Weekly chart so far showing us a strong ¥, a close above 53.5 is the key to short sushi, in the other hand, we're going to test 51.75 again [Rectangle is playing yet]
On €, bearish continuation [?]

Attached Image (click to enlarge)
Click to Enlarge Name: €d1.gif Size: 9 KB


Short EJ? I think so, daily chart looks like a typical bear flag:

Attached Image (click to enlarge)
Click to Enlarge Name: ejd1.gif Size: 14 KB


Another view:

Attached Image (click to enlarge)
Click to Enlarge Name: ejd1a.gif Size: 16 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,467
  • Apr 22, 2010 2:23am Apr 22, 2010 2:23am
Quoting JhonMonsalve
Tony, what do you think here? breakout to the upside?

Attachment
Like I've been saying on many posts, a close above that area opens the door to next resistance @2.74, check the prior candle: white Marubozu [buyers], so, the £ on bullish mode this week [I mean, short term], My humble advice, careful shorting the pound, look:

Attached Image (click to enlarge)
Click to Enlarge Name: £d1.gif Size: 12 KB


Now check monthly candle pattern formation: Morning doji star + confirmation candle [so far]
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,468
  • Apr 22, 2010 3:11am Apr 22, 2010 3:11am
Yea I take it as bullish as long as we can keep above
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #10,469
  • Apr 22, 2010 3:15am Apr 22, 2010 3:15am
cool right near top now ,the out come will be intresting ,I think even tho looks bullish I am looking for somthing bearish on daily ,if not i think I must change my mind

Quoting arsa
looking for a bounce from upper trendline and horizontal S/R.

keeping it the way it was started
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd chef d1,22 april.gif Size: 10 KB
Click to Enlarge Name: usd chf h4 22nd april.gif Size: 12 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #10,470
  • Apr 22, 2010 4:06am Apr 22, 2010 4:06am
Quoting Bones
cool right near top now ,the out come will be intresting ,I think even tho looks bullish I am looking for somthing bearish on daily ,if not i think I must change my mind
Ya! we'll see what happens though would be nice to see nice pa on 4h... if not daily will do just fine
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_daily.png Size: 42 KB
  • #10,471
  • Apr 22, 2010 5:39am Apr 22, 2010 5:39am
I must admit I find it difficult to find anthing bullish on eur ,I think it also is on a junction as swissy which is no supprise may be later



Quoting JhonMonsalve
On €, bearish continuation [?]

Attachment

Short EJ? I think so, daily chart looks like a typical bear flag:

Attachment

Another view:

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd monthly 22nd april.gif Size: 12 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #10,472
  • Apr 22, 2010 5:56am Apr 22, 2010 5:56am
Quoting Bones
I must admit I find it difficult to find anthing bullish on eur ,I think it also is on a junction as swissy which is no supprise may be later
Yep Tony, don't fight the market, €$ is predetermined for 1.26 or something, I don't know, I'm trading day by day.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,473
  • Apr 22, 2010 5:58am Apr 22, 2010 5:58am
Quoting JhonMonsalve
Like I've been saying on many posts, a close above that area opens the door to next resistance @2.74, check the prior candle: white Marubozu [buyers], so, the £ on bullish mode this week [I mean, short term], My humble advice, careful shorting the pound, look:

Attachment

Now check monthly candle pattern formation: Morning doji star + confirmation candle [so far]
Quoting Bones
Yea I take it as bullish as long as we can keep above
Interesting NY session so far.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,474
  • Apr 22, 2010 6:03am Apr 22, 2010 6:03am
e/u perspective... pretty obvious triple bottom opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_4h.png Size: 36 KB
  • #10,475
  • Apr 22, 2010 6:07am Apr 22, 2010 6:07am
Quoting arsa
e/u perspective... pretty obvious triple bottom opportunity.
Hi arsa! Careful picking bottoms, this thread is about candlestick analysis, if you have any bullish pattern in €$ in higher TF's, post your charts, but I see bearish continuation on daily, weekly and monthly TF's. If you're thinking in a CT trade, tight your SL
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,476
  • Apr 22, 2010 6:23am Apr 22, 2010 6:23am
Quoting JhonMonsalve
Hi arsa! Careful picking bottoms, this thread is about candlestick analysis, if you have any bullish pattern in €$ in higher TF's, post your charts, but I see bearish continuation on daily, weekly and monthly TF's. If you're thinking in a CT trade, tight your SL
i thought 4h is an ok TF for this thread...

candlestick patterns are fine, though pretty confusing on 4h charts because everyone sees different candles due to candle close time.

if higher TF would be relevant now i would have posted few more charts

well same analysis for daily e/u... tripple bottom with opportunity to scalp it up.

Scalp - CT trade with smaller risk.
  • #10,477
  • Apr 22, 2010 6:30am Apr 22, 2010 6:30am
Quoting arsa
i thought 4h is an ok TF for this thread...

candlestick patterns are fine, though pretty confusing on 4h charts because everyone sees different candles due to candle close time.

if higher TF would be relevant now i would have posted few more charts

well same analysis for daily e/u... tripple bottom with opportunity to scalp it up.

Scalp - CT trade with smaller risk.
4h is perfect to watch the PA , check this:

Quoting JhonMonsalve
Evening Star on ¥?

Attachment

Weekly chart so far showing us a strong ¥, a close above 53.5 is the key to short sushi, in the other hand, we're going to test 51.75 again [Rectangle is playing yet]
Confirmation on 4h TF:

Attached Image (click to enlarge)
Click to Enlarge Name: ¥4h.gif Size: 14 KB


A 4h candle close below 52.75 is needed to see a further bearish action in ¥ pairs.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,478
  • Apr 22, 2010 7:04am Apr 22, 2010 7:04am
Quoting JhonMonsalve
4h is perfect to watch the PA , check this:



Confirmation on 4h TF:

Attachment

A 4h candle close below 52.75 is needed to see a further bearish action in ¥ pairs.
looks lil different on different broker due to different candle close time(though i dont have LFXJPY). There's lil difference between candlestick patterns and pure pa imho. In any case - there has to be S/R level which on your chart i don't see. But thats just me... don't mind much
  • #10,479
  • Apr 22, 2010 7:22am Apr 22, 2010 7:22am
Quoting arsa
looks lil different on different broker due to different candle close time(though i dont have LFXJPY). There's lil difference between candlestick patterns and pure pa imho. In any case - there has to be S/R level which on your chart i don't see. But thats just me... don't mind much
Yep, it's different on every broker, who cares about that, candles are candles, if you're able to see what markets is telling you, you don't need 100 feeds to analyze candlestick patterns , like you pointed, PA is the king in forex, every trader has its own strategy and system, mine, is this: candlestick, PA and other stuff, works for me, I'm doing $ every week, check this lovely trade that I made yesterday:

Quoting JhonMonsalve
On €, bearish continuation [?]

Attachment

Short EJ? I think so, daily chart looks like a typical bear flag:

Attachment

Another view:

Attachment
So far, we're breaking the flag, so, my humble advice to people who try to pick bottoms is: go with the flow, is pretty much easier.

Attached Image (click to enlarge)
Click to Enlarge Name: ejd1.gif Size: 15 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #10,480
  • Apr 22, 2010 9:39am Apr 22, 2010 9:39am
Quote
So far, we're breaking the flag, so, my humble advice to people who try to pick bottoms is: go with the flow, is pretty much easier.

how would u see this chart?
with due respect sir
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 21 KB
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