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Daily candle chart

  • #11,601
  • Jun 2, 2011 4:27pm Jun 2, 2011 4:27pm
Quoting Bones
Break ?
Tony, seeing the weak hammer, my first thought was, you were right, but this was in conflict with my thinking, that this 1.60 level was broken (the candle with the arrow broke below it).

As I saw the second (bullish) hammer, I thought, yep tony is right: 2 daily hammer gives a 2-day hammer, but 1.60 is still lost...

Today was the 4. attempt for bulls to take this level, but it looks like bears
are in control (again). Lets see how the week ends.
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  • #11,602
  • Jun 2, 2011 4:38pm Jun 2, 2011 4:38pm
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  • #11,603
  • Jun 2, 2011 4:42pm Jun 2, 2011 4:42pm
Quoting peaches

agree on the zones.......... only newbie question, please don't burn me, what should it tell for the next days to come? touching the equlibrium twice during the upward move means anything?
  • #11,604
  • Jun 2, 2011 4:54pm Jun 2, 2011 4:54pm
Quoting peaches
Tony, seeing the weak hammer, my first thought was, you were right, but this was in conflict with my thinking, that this 1.60 level was broken (the candle with the arrow broke below it).

As I saw the second (bullish) hammer, I thought, yep tony is right: 2 daily hammer gives a 2-day hammer, but 1.60 is still lost...

Today was the 4. attempt for bulls to take this level, but it looks like bears
are in control (again). Lets see how the week ends.
Agree Peter, I'm on the sidelines this week, I'll be watching the charts tomorrow, the monthly candle on $ isn't a bullish enough for me.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,605
  • Jun 3, 2011 7:05am Jun 3, 2011 7:05am
Hi all,
its my first post on this quality thread. I say a big thank you to baz who drew my attention to this thread.

EU is at resistance (previous support now being tested as resistance). 4hr tf just formed a degree 2 swing high. Can we expect 1.4034? Let's see how it plays out.

See chart attached.
Happy trading!
Meshach.
Attached Image
  • #11,606
  • Jun 3, 2011 12:46pm Jun 3, 2011 12:46pm
only thing missing is candle stick analysis

Quoting forexcompoun
Hi all,
its my first post on this quality thread. I say a big thank you to baz who drew my attention to this thread.

EU is at resistance (previous support now being tested as resistance). 4hr tf just formed a degree 2 swing high. Can we expect 1.4034? Let's see how it plays out.

See chart attached.
Happy trading!
Meshach.
Don't chase the market, Let the market come to you
  • #11,607
  • Jun 4, 2011 12:00am Jun 4, 2011 12:00am
good weekend
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  • #11,608
  • Jun 4, 2011 1:31am Jun 4, 2011 1:31am
Quoting hussin naiji
after -850 pips ,May be a balm on the wounds buyers !!?
But I doubt to this bullish pattern .
maybe a false bullish pattern
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  • #11,609
  • Jun 4, 2011 1:34am Jun 4, 2011 1:34am
Quoting hussin naiji
But I doubt to this bullish pattern .
maybe a false bullish pattern
Look closer
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  • #11,610
  • Jun 4, 2011 1:38am Jun 4, 2011 1:38am
Quoting hussin naiji
Look closer
On the other hand
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  • #11,611
  • Jun 4, 2011 1:42am Jun 4, 2011 1:42am
Quoting hussin naiji
On the other hand
also
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  • #11,612
  • Jun 4, 2011 2:08am Jun 4, 2011 2:08am
Quoting hussin naiji
On the other hand
So What candle stick would cause a reversal to this Upmove....Or in

other words which candlestick to trust...prior engulfing from 1.4940 or the

Bullish hammer at 1.3968?
Markets are not Random, they are designed!
  • #11,613
  • Jun 5, 2011 7:30am Jun 5, 2011 7:30am
Quoting Raza
So What candle stick would cause a reversal to this Upmove....Or in

other words which candlestick to trust...prior engulfing from 1.4940 or the

Bullish hammer at 1.3968?
hi Raza sorry 4 dealy
now you can see a bearish reversal pattern with high reliability in monthly candle chart
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  • #11,614
  • Jun 5, 2011 7:35am Jun 5, 2011 7:35am
Quoting Raza
So What candle stick would cause a reversal to this Upmove....Or in

other words which candlestick to trust...prior engulfing from 1.4940 or the

Bullish hammer at 1.3968?
also a bearish reversal pattern with medium pattern in weekly candle chart EURUSD
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  • #11,615
  • Jun 5, 2011 7:36am Jun 5, 2011 7:36am
Quoting hussin naiji
also a bearish reversal pattern with medium pattern in weekly candle chart EURUSD
But my view about this pair
  • #11,616
  • Jun 5, 2011 7:46am Jun 5, 2011 7:46am
Quoting hussin naiji
But my view about this pair
Overall ,
Direction is to the south but maybe with a test 1.477 then down and down.
if you see monthly candle chart EURUSD , maybe You mean you'll understand .Note upper wick monthly candle chart 2010.01.01
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  • #11,617
  • Jun 5, 2011 7:48am Jun 5, 2011 7:48am
Quoting hussin naiji
Overall ,
Direction is to the south but maybe with a test 1.477 then down and down.
if you see monthly candle chart EURUSD , maybe You mean you'll understand .Note upper wick monthly candle chart 2010.01.01
Let me repeat , a test 1.477 and then down ..... will show us a upper wick and with red real body ....
  • #11,618
  • Jun 5, 2011 7:51am Jun 5, 2011 7:51am
Quoting Raza
So What candle stick would cause a reversal to this Upmove....Or in

other words which candlestick to trust...prior engulfing from 1.4940 or the

Bullish hammer at 1.3968?
but Raza you can give me more explanation about the bullish hammer at 1.3968 ?
  • #11,619
  • Jun 5, 2011 7:51am Jun 5, 2011 7:51am
Quoting hussin naiji
EURUSD
whats Kabuse if you dont mind me asking ?
  • #11,620
  • Jun 5, 2011 7:55am Jun 5, 2011 7:55am
This is perhaps presumptuously . but bullish pattern in weekly candle and daily candle chart EURGBP are false .
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