COT: The precious data ignored
- #279,745
- Aug 10, 2010 6:22am Aug 10, 2010 6:22am
- Joined Aug 2009 | Status: (I have a huge) Member | 5,555 Posts
not exactly as "as indicator of a change of trend". Doji or pin bars are "undecision candles". That means the price still can go down. For confirmation we need next green candle in this case with close above high of doji.
dreams do come true.
- #279,746
- Aug 10, 2010 6:23am Aug 10, 2010 6:23am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
eur/usd closed on doji on the 1 hour (6.00 o'clock)chart...at 1.3156 .
as doji has always been an indicator of a change of trend.....so what about this Mr doji....can anyone explain.
thank you
And finally the doji is below the resistance at 1,3165...so all i can say is WAIT
COT: The precious data ignored
- #279,747
- Aug 10, 2010 6:29am Aug 10, 2010 6:29am
It's not always a change in the actual trend...plus this doji was on low volume...i don't take this doji into consideration until i see next candle...
And finally the doji is below the resistance at 1,3165...so all i can say is WAIT
On my system, which worked to the pip on NFP data release on Friday, EURUSD looks like its going to nose dive whereas the USDCHF looks bullish... I am not sure why? as the fundamentals just don't add up.... may be some concerns from eu bonds
- #279,748
- Aug 10, 2010 6:29am Aug 10, 2010 6:29am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #279,750
- Aug 10, 2010 6:37am Aug 10, 2010 6:37am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #279,754
- Aug 10, 2010 6:46am Aug 10, 2010 6:46am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #279,755
- Aug 10, 2010 6:47am Aug 10, 2010 6:47am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
stopped with +4 ... lol... that's what doji means... undecisionand its forming next undecision candle ... inverted hammer ?
Looks like investors are unloading some positions, they just can't take new positions. Now will they buy at lower prices ? we'll see
COT: The precious data ignored
- #279,756
- Aug 10, 2010 6:49am Aug 10, 2010 6:49am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #279,758
- Aug 10, 2010 6:54am Aug 10, 2010 6:54am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #279,759
- Aug 10, 2010 6:59am Aug 10, 2010 6:59am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #279,760
- Aug 10, 2010 7:02am Aug 10, 2010 7:02am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight