On-site guru & also FF member's' psychiatrist, when not drinking tea
- #10,621
- Aug 11, 2010 2:22pm Aug 11, 2010 2:22pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #10,623
- Aug 26, 2010 5:57pm Aug 26, 2010 5:57pm
Hi lets make this thread alive again
beautiful setup on EJ
isnt it?
I have been
the seniors to return offer their trade comments. It's good to see yours.
I think many pairs are facing resistance.
For EJ, look far left @ the bottom, the current candles are meeting RL.
IMO.
Cheers
- #10,625
- Aug 29, 2010 9:57pm Aug 29, 2010 9:57pm
I see that UJ reversal if it is above 85.30.
If u see weekly chart ,u will see a Hammer.
SO I think that UJ can tend to 90 area
I have similar opinion
http://www.forexfactory.com/showpost...&postcount=121
p.s. Hammers are seen in JPY pairs!
Cheers
- #10,626
- Sep 1, 2010 5:53pm Sep 1, 2010 5:53pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi dear traders!
Long time no post here, I hope you all are doing great, I'd like to share a couple of interesting charts today:
1. Following the ¥: Bullish Engulfing daily LFXJPY chart, so, bounce expected in all Yen pairs [Yen weakness], I see buying pressure in ¥ around 48 area, weekly charts could confirm that, please be careful, because there are many traffic area around 48.50 and above.
2. My dear buck $: Breakout of the ascending triangle [Dollar weakness], same configuration like ¥, many traffic around 1.74 area, so, please be careful, this week so far looks bearish for the buck, waiting for a possible test of 1.7550 area and reload some short positions in the $, I mean, going long in EU or GU mostly.
Have a great trading session!
Jhon
Long time no post here, I hope you all are doing great, I'd like to share a couple of interesting charts today:
1. Following the ¥: Bullish Engulfing daily LFXJPY chart, so, bounce expected in all Yen pairs [Yen weakness], I see buying pressure in ¥ around 48 area, weekly charts could confirm that, please be careful, because there are many traffic area around 48.50 and above.
2. My dear buck $: Breakout of the ascending triangle [Dollar weakness], same configuration like ¥, many traffic around 1.74 area, so, please be careful, this week so far looks bearish for the buck, waiting for a possible test of 1.7550 area and reload some short positions in the $, I mean, going long in EU or GU mostly.
Have a great trading session!
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,628
- Sep 2, 2010 8:37am Sep 2, 2010 8:37am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi dear traders!
Long time no post here, I hope you all are doing great, I'd like to share a couple of interesting charts today:
1. Following the ¥: Bullish Engulfing daily LFXJPY chart, so, bounce expected in all Yen pairs [Yen weakness], I see buying pressure in ¥ around 48 area, weekly charts could confirm that, please be careful, because there are many traffic area around 48.50 and above.
Attachment
2. My dear buck $: Breakout of the ascending triangle [Dollar weakness], same configuration like ¥, many...
Good to see your posts, Jhon.
Looking forward for more of your chart analysts!
Cheers
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,629
- Sep 2, 2010 6:01pm Sep 2, 2010 6:01pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Wait for the breakout is the most reasonable at this moment, I mean, $ is above 1.7450 [Traffic area], we're trading between 1.77 & 1.7450 [wide range in the buck], so, scalp longs here is good idea, or wait for breakout or rejecting at this area, a close above --> longs in play [Sell EU, GU, etc...], a close below --> bears in charge [Long EU, GU...], easy huh?, waiting for news, so far 1.7450 is holding, on FX the dollar is the main performer
Attachment
Like I told you earlier, best wait for the "right" moment to trade this day before NFP, Friday could be choppy, After long black candle from yesterday, today we got a Bullish Harami Cross pattern in $, I'm not well familiarized with that pattern, but, plus, we have a Tweezers Bottom too, so, try to sell the $ today is insane, personally I don't have any position, but, I'd like to going short on GU maybe, who knows, just be more careful, this range is playing out [1.77 - 1.745]
Chart:
Let me know what you think traders.
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,631
- Sep 3, 2010 1:54am Sep 3, 2010 1:54am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Hi Jhon I also see a tweezer and bullish formation on weekly and monthly shows potential for move up ,
At this time I take the last 2 weeks candles as consolidation type
http://www.forexfactory.com/showpost...postcount=6560
I also see a tweezer and bullish formation on weekly and monthly shows potential for move up ,At this time I take the last 2 weeks candles as consolidation type
http://www.forexfactory.com/showpost...postcount=6560
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #10,632
- Sep 3, 2010 2:06am Sep 3, 2010 2:06am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #10,633
- Sep 3, 2010 2:23am Sep 3, 2010 2:23am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #10,634
- Sep 3, 2010 6:44am Sep 3, 2010 6:44am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi John
Would you explain the usage of LFX?
It seems LFX is used to determine the direction of major pairs movements?
My MT4 does not include LFX.
Is it an important tool for fx?
Cheers
tpat
Check this post, Hussin and Peaches explain LFX charts:
http://www.forexfactory.com/showpost...61&postcount=1
If you have any other question, just ask me!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,635
- Sep 3, 2010 6:48am Sep 3, 2010 6:48am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi Jhon
At this time I take the last 2 weeks candles as consolidation type
http://www.forexfactory.com/showpost...postcount=6560
Agree Tony
, maybe we're testing the bottom in $, all above 1.74x is bullish for $
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,636
- Sep 3, 2010 6:54am Sep 3, 2010 6:54am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Im not keen on JPY bearish formation last week ,bullish under 50
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,637
- Sep 3, 2010 9:10am Sep 3, 2010 9:10am
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
Don't chase the market, Let the market come to you
- #10,638
- Sep 3, 2010 9:32am Sep 3, 2010 9:32am
Hi tpat!
Check this post, Hussin and Peaches explain LFX charts:
http://www.forexfactory.com/showpost...61&postcount=1
If you have any other question, just ask me!
Have a good weekend.
- #10,639
- Sep 5, 2010 6:35pm Sep 5, 2010 6:35pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi dear traders!
Long time no post here, I hope you all are doing great, I'd like to share a couple of interesting charts today:
1. Following the ¥: Bullish Engulfing daily LFXJPY chart, so, bounce expected in all Yen pairs [Yen weakness], I see buying pressure in ¥ around 48 area, weekly charts could confirm that, please be careful, because there are many traffic area around 48.50 and above.
Attachment
2. My dear buck $: Breakout of the ascending triangle [Dollar weakness], same configuration like ¥, many traffic...
Weekly chart:
Interesting candle pattern in £, long black candle = bearish, but the big deal is the traffic area around 2.69
Weekly chart:
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,640
- Sep 5, 2010 6:37pm Sep 5, 2010 6:37pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
its good to see some action in here again, you guys are good
have not heard from our friend in months now, all communication goes unanswered now whereas before there was response
Thanks Jhon. Will look into the link.
Have a good weekend.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."