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Daily candle chart

  • #11,021
  • Jan 29, 2011 1:37pm Jan 29, 2011 1:37pm
a bullish inverted hammer in the monthly candle chart USD LFX .
This pattern shows me the power of large buyers because open & close are below previous candle !
by this pattern we will see a retest in 1.72
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  • #11,022
  • Jan 29, 2011 1:41pm Jan 29, 2011 1:41pm
Quoting hussin naiji
a bullish inverted hammer in the monthly candle chart USD LFX .
This pattern shows me the power of large buyers because open & close are below previous candle !
by this pattern we will see a retest in 1.72
Therefore 4 USDCHF 1.73 /1.72= 1.005
  • #11,023
  • Jan 29, 2011 1:50pm Jan 29, 2011 1:50pm
Quoting hussin naiji
Therefore 4 USDCHF 1.73 /1.72= 1.005
also 4 fx USDCHF we can see a bullish inverted hammer pattern now
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  • #11,024
  • Jan 29, 2011 1:52pm Jan 29, 2011 1:52pm
Quoting hussin naiji
Of course we can see signs of fall in the months B4. a high wave also a shooting star.but this shooting star Was born Dead.
But now we have a healthyl pattern .healthy 1.60 is on table
also 4 fx AUDUSD 1.60 /1.72 =0.93
  • #11,025
  • Jan 29, 2011 1:54pm Jan 29, 2011 1:54pm
Quoting hussin naiji
also 4 fx AUDUSD 1.60 /1.72 =0.93
but only we can see a bearish harami no a Kabuse
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  • #11,026
  • Jan 30, 2011 8:08am Jan 30, 2011 8:08am
Hi, with regard to EU WEEKLY chart, can you tell me if i am reading it correctly:

1. Is the weekly (last candle) a spinning top or Long legged Doji?
2. is it a reversal (SELL) signal as i have highlighted 3 similar candles and each time prices have dropped
3. Weekly price has hit 38% Fib at 1.3745 so again a possible high.

Thanks
Attached Image (click to enlarge)
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  • #11,027
  • Jan 30, 2011 8:27am Jan 30, 2011 8:27am
Quoting gh0stjpy
Hi, with regard to EU WEEKLY chart, can you tell me if i am reading it correctly:

1. Is the weekly (last candle) a spinning top or Long legged Doji?
2. is it a reversal (SELL) signal as i have highlighted 3 similar candles and each time prices have dropped
3. Weekly price has hit 38% Fib at 1.3745 so again a possible high.

Thanks

The EURUSD is not in a reversal state. The Friday move was a move so the institutions who have been covering their short can load up cheap. You need to read the COT report and see what's going on. More long positions were increased by institutional traders as compared to the last week. I'm sure we will get 3cent on this pair this week. Look for it to touch 1.39 this week. Also you need to recognize that institutions cannot get in and out of the market like us. Once they have decided on one direction, they will play that move for at least 4 months before switching their positions. They are not allowed by law to come in and out of the market like retail traders or investor. Also you need to see where it opened and where it closed. It did closed up. My futures chart says it opened at 1.3602 and closed at 1.3609. Now that is not an indecision. It's an up week for the Euro. I do not know why most chart says it's a flat week or giving this doji thing. Look at it on a bar chart.
Prices are never too high to begin buying or too low to begin selling.
  • #11,028
  • Jan 30, 2011 9:00am Jan 30, 2011 9:00am
Quoting hussin naiji
hi welcome
you can further explain about this question to me ?
Hussin
http://www.forexfactory.com/showpost...postcount=3319

The poster mentions a wave candle in the above, was unsure what was meant by it, thanks for your help.
  • #11,029
  • Jan 30, 2011 11:24am Jan 30, 2011 11:24am
Quoting Pipmysterio
The EURUSD is not in a reversal state. The Friday move was a move so the institutions who have been covering their short can load up cheap. You need to read the COT report and see what's going on. More long positions were increased by institutional traders as compared to the last week. I'm sure we will get 3cent on this pair this week. Look for it to touch 1.39 this week. Also you need to recognize that institutions cannot get in and out of the market like us. Once they have decided on one direction, they will play that move for at least 4 months...
Thanks for the analysis on the COT report but this is Hussins thread about CANDLE stick analysis. He does not use nor look at cot reports.

Please keep posts on topic and respect his wishes.

This is one of the few truly clean threads in FF where people do not need to wade though posts that have nothing to do with the topic, help us keep it this way please.

here is a thread you might like to join
http://www.forexfactory.com/showthread.php?t=216247
Don't chase the market, Let the market come to you
  • #11,030
  • Jan 30, 2011 1:00pm Jan 30, 2011 1:00pm
Quoting gh0stjpy
Hi, with regard to EU WEEKLY chart, can you tell me if i am reading it correctly:

1. Is the weekly (last candle) a spinning top or Long legged Doji?
2. is it a reversal (SELL) signal as i have highlighted 3 similar candles and each time prices have dropped
3. Weekly price has hit 38% Fib at 1.3745 so again a possible high.

Thanks
About the first question : i can see a defective of Gravestone doji
About the second question :approximately
but About the third question :I do not agree with you why 38 fib ?
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  • #11,031
  • Jan 30, 2011 1:04pm Jan 30, 2011 1:04pm
Quoting hussin naiji
About the first question : i can see a defective of Gravestone doji
About the second question :approximately
but About the third question :I do not agree with you why 38 fib ?
also from other view
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  • #11,032
  • Jan 30, 2011 1:07pm Jan 30, 2011 1:07pm
Quoting hussin naiji
About the first question : i can see a defective of Gravestone doji
About the second question :approximately
but About the third question :I do not agree with you why 38 fib ?
upper wick defective of Geavestone doji show us 61.8 fib
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  • #11,033
  • Jan 30, 2011 1:09pm Jan 30, 2011 1:09pm
Quoting hussin naiji
also from other view
subscribed. Hussin!
  • #11,034
  • Jan 30, 2011 1:12pm Jan 30, 2011 1:12pm
but monthly candle chart EURLFX
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  • #11,035
  • Jan 30, 2011 1:21pm Jan 30, 2011 1:21pm
Quoting hussin naiji
but monthly candle chart EURLFX
but we see other thing in FX EURUSD
I'm not sure to confirm . a small upper wick with a long lower wick after bullish harami. I can not see the consolidation of power between buyers or sellers
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  • #11,036
  • Jan 30, 2011 1:27pm Jan 30, 2011 1:27pm
Quoting hussin naiji
but we see other thing in FX EURUSD
I'm not sure to confirm . a small upper wick with a long lower wick after bullish harami. I can not see the consolidation of power between buyers or sellers
weekly candle chart EURLFX
a bearish pattern with low reliability
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  • #11,037
  • Jan 30, 2011 1:36pm Jan 30, 2011 1:36pm
4 weekly candle chart CADLFX
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  • #11,038
  • Jan 30, 2011 2:03pm Jan 30, 2011 2:03pm
Quoting hussin naiji
weekly candle chart EURLFX
a bearish pattern with low reliability

chat is messed up for real right now, each tf have different signal okay on eurlfx weekly we have bull div already confirm and we should have a pull back to test for dip.
monthly morning star awaiting to confirm and also bull div on monthly eurlfx.
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MY OPINION NOT FINANCIAL ADVISE
  • #11,039
  • Feb 6, 2011 5:22am Feb 6, 2011 5:22am
any weekly charts?
Hero calls followed by margin calls...
  • #11,040
  • Feb 8, 2011 4:32pm Feb 8, 2011 4:32pm
Quoting JhonMonsalve
Ok, BO + test, now what?

Attachment

Stay flexible, I'll be waiting for daily candle close.
What's that? Bears back? I see two [three] shooting stars, plus two hanging man, the pound is wild lately! I hope last PB until 2.63x area!

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But weekly and monthly charts, say another history, maybe another bullish trend is beginning in the £ [GBPLFX]
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