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Daily candle chart

  • #11,261
  • May 8, 2011 11:43am May 8, 2011 11:43am
tony, gbp/chf long is a nice idea in the next days.

But what do you think about the yen ?

For lfx/jpy I can not see a pattern, but the missing lower wick is meaning something. With commodities turning, I think yen has to turn too. But it is not in my charts yet. Maybe it is an marubozu, but bear pressure pushed it back.

Next trading week will decide.
Attached Image (click to enlarge)
Click to Enlarge Name: lfxjpy.gif Size: 11 KB
  • #11,262
  • May 8, 2011 1:18pm May 8, 2011 1:18pm
Quoting peaches
a few days ago a wrote in a different thread here in FF about a doji line pattern for eur/usd. It is the second time in trading since 2007 that I see this pattern. It is pretty rare....So, the knowledge to read candlesticks is pure money.
Very interesting and nice pick up. Need to learn more about that pattern.

From my perspective, we got a nice (and not so rare) Low Close Doji pattern.

The first chart shows the pattern.

The second chart shows the more important context. The Effort to Fall candle completes a Low Close Doji pattern (not highligted). The take away here is that this is an area that the BBs were active in once so there's a good chance they will be active in it again.
Attached Image(s) (click to enlarge)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #11,263
  • May 8, 2011 1:57pm May 8, 2011 1:57pm
Hello and welcome hiddengap,

try to read sometimes the explanation in this thread made by Hussin and others.

Or try to read some books, Hussin mentioned here:

http://www.forexfactory.com/showpost...postcount=5544




Quoting HiddenGap
Very interesting and nice pick up. Need to learn more about that pattern.

From my perspective, we got a nice (and not so rare) Low Close Doji pattern.

The first chart shows the pattern.

The second chart shows the more important context. The Effort to Fall candle completes a Low Close Doji pattern (not highligted). The take away here is that this is an area that the BBs were active in once so there's a good chance they will be active in it again.
  • #11,264
  • May 8, 2011 4:22pm May 8, 2011 4:22pm
Hi Peter ,were at our magic 50 ,and that does look like a daily inverted hammer off it ,and there is a rising tl near by ,
,lower wick looks mighty scary

Quoting peaches
tony, gbp/chf long is a nice idea in the next days.

But what do you think about the yen ?

For lfx/jpy I can not see a pattern, but the missing lower wick is meaning something. With commodities turning, I think yen has to turn too. But it is not in my charts yet. Maybe it is an marubozu, but bear pressure pushed it back.

Next trading week will decide.
Attached Image (click to enlarge)
Click to Enlarge Name: LFX-JPY W1 6-5-11 close.gif Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,265
  • May 9, 2011 9:37am May 9, 2011 9:37am
Quoting peaches
I turned from neutral to bearish for the cad/lfx.

After news on friday, during US session, I went long for usd/cad. By this time usd/cad showed a bearish engulfing candle on my mobil, but by end of the session, we now see the power of bulls, which pushed price higher.

I doubt that the bulls are gone.

The weekly shows a bullish engulfing for usd/cad.
0.97 is a tough nut to crack, but above is the sky I think, some traders might be on the wrong side of the trade
  • #11,266
  • May 10, 2011 11:36am May 10, 2011 11:36am
Intresting open gap down ,would like a positive candle ,somewhere as is
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd-lfx 10-5-11 d1.gif Size: 17 KB
Click to Enlarge Name: usd-lfx 10-5-11 h4.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,267
  • Edited 4:18pm May 10, 2011 12:08pm | Edited 4:18pm
tony, IŽam short aud/usd from here. SL above the last 4 h candle...

My target is pretty low
  • #11,268
  • May 10, 2011 12:20pm May 10, 2011 12:20pm
Quoting Bones
Intresting open gap down ,would like a positive candle ,somewhere as is

candle # 1 is a super bearish candle (at the top of a trend it would be a dark cloud cover) , notice how it opened in the middle of the prior bullish candle, and closed half below the bullish candle.

But todays candle # 2 might be a piercing line. Lets see, how day will end.

I vote for bulls are in controll till friday.
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.gif Size: 10 KB
  • #11,269
  • May 10, 2011 4:20pm May 10, 2011 4:20pm
Quoting peaches
tony, IŽam short aud/usd from here. SL above the last 4 h candle...

My target is pretty low
another failed attemped for aud/usd to short.

I thought this 4 h doji would be signal for short aud/usd.

Of course price broke through this resistance, and I reversed position. Maybe now testing this broken doji, then up we go. If
market decide to do so.

There seems to be a rule for aud/usd: what ever your trading decision is: go long aud/usd
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud1.gif Size: 14 KB
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  • #11,270
  • May 10, 2011 4:45pm May 10, 2011 4:45pm
Quoting peaches
another failed attemped for aud/usd to short.

I thought this 4 h doji would be signal for short aud/usd.

Of course price broke through this resistance, and I reversed position. Maybe now testing this broken doji, then up we go. If
market decide to do so.

There seems to be a rule for aud/usd: what ever your trading decision is: go long aud/usd
I know this is for daily candle but I wanted to show you my 4hr trigger. The daily basically told me what to do, I entered at NY close monday.

Sorry for all the goop on my chart.

My sl is at be.
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  • #11,271
  • May 11, 2011 11:00am May 11, 2011 11:00am
Heres mine
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd h4 11-5 -11.gif Size: 13 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,272
  • May 11, 2011 11:05am May 11, 2011 11:05am
Now can we take out high ?maybe not today but channel looks good I think


Quoting Bones
Intresting open gap down ,would like a positive candle ,somewhere as is
Attached Image (click to enlarge)
Click to Enlarge Name: usd-lfx 11 -5-11 h4.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,273
  • May 11, 2011 11:10am May 11, 2011 11:10am
depending on close
Attached Image (click to enlarge)
Click to Enlarge Name: eur-lfx 11 -5-11 d1.gif Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,274
  • May 11, 2011 11:15am May 11, 2011 11:15am
Daily $
Attached Image (click to enlarge)
Click to Enlarge Name: usd-lfx 11 -5-11 d1.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,275
  • May 11, 2011 11:21am May 11, 2011 11:21am
100% retrace ,maybe that top wick allowed ,but bring on the power of the hang man


dont tell Strat


Quoting Bones
upper wick ? would have prefered not to have
Attached Image (click to enlarge)
Click to Enlarge Name: aud -lfx 11 -5-11 d1.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,276
  • May 11, 2011 11:30am May 11, 2011 11:30am
Hi Peter I'm sorry I couldn't reply ,but I hope you maintained your position ..


Quoting peaches
tony, IŽam short aud/usd from here. SL above the last 4 h candle...

My target is pretty low
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,277
  • May 11, 2011 11:46am May 11, 2011 11:46am
resting order missed but I think down from here
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 11-5 -11.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,278
  • May 11, 2011 11:59am May 11, 2011 11:59am
Quoting Bones
100% retrace ,maybe that top wick allowed ,but bring on the power of the hang man


dont tell Strat
My entry is not as good as yours on aud/usd, but in the money regardless. I am looking for any sort of retrace to add another full entry. I like the setup greatly for aud/usd shorts on the daily time frame
Dr. C
  • #11,279
  • May 11, 2011 12:25pm May 11, 2011 12:25pm
Chf is also in bear mode 1.8 is major test



Quoting Bones
Hi ya Peter good to see you , I still think the eur is the top pick ,but chf must fall ,the weekly doji would have been nicer with a longer wick considering the move ,this is a 2 day chart , ...GBP-CHF also looks an interesting location
Attached Image (click to enlarge)
Click to Enlarge Name: chf -lfx 11 -5-11 d2.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,280
  • May 11, 2011 2:02pm May 11, 2011 2:02pm
Bearish Hikake now SEEN on CABLE... afew hours before EoD though , would like to see RED SUPPORT to GIVE way...may see a SELL OFF by Friday
I too am SHORT AUSSIE..

USD Spot.png
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