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Daily candle chart

  • #11,961
  • Jun 28, 2011 8:18am Jun 28, 2011 8:18am
Quoting JhonMonsalve
Hi dear traders! H4 $ lfx charts showing pb, so, it's not a good idea going long on the $ today, at least, until 1.615 area get properly cleared.

Look at this pattern on H4: Hang Man/E. Star + confirmation black candle, let's see what PA does around 1.61, close below --> we're going to test the ascending TL, if it's rejected --> 1.625 on the cards.

Attachment
Well, here's my H4 chart, we're going to test the ATL, we're trading now below 1.61, possible bearish pattern forming on daily charts [Double top, Shooting star], I'll post some more charts later, so far, holding my longs on EU.

Attached Image (click to enlarge)
Click to Enlarge Name: $h4.gif Size: 14 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,962
  • Jun 28, 2011 8:19am Jun 28, 2011 8:19am
Quoting Bones
lol ,I'm short and down right now stop is close ,my lovely $ is not playing ball
Hehe Tony, ok, let's see amigo!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,963
  • Jun 28, 2011 8:52am Jun 28, 2011 8:52am
Quoting Bones
lol ,I'm short eur usd and down right now stop is close ,my lovely $ is not playing ball
I `am short too, SL near. There is too much testing of this level, isn´t good for bears.

If it breaks: 1.4454.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 32 KB
  • #11,964
  • Jun 28, 2011 9:05am Jun 28, 2011 9:05am
Quoting JhonMonsalve
Hehe Tony, ok, let's see amigo!
I don't know guys, one of the things that I've learned from Hussin is about ¥, when ¥ is weak --> most of the times $ is weak too, so, I see rejection from the 50 area [eternal 50] in Lfxjpy charts [Weekly S/R zone], weekly charts are forming a beautiful pattern on ¥, but I'm trading daily charts so far [Engulfing]

Attached Image (click to enlarge)
Click to Enlarge Name: ¥w1.gif Size: 16 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,965
  • Jun 28, 2011 2:05pm Jun 28, 2011 2:05pm
good job Jhon im looking but for the life of me I cant see a short eur usd ,kind of spoils my longer term view for bearish close ,anyway still 2 days to go :nerd:
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,966
  • Jun 28, 2011 3:13pm Jun 28, 2011 3:13pm
Quoting Bones
good job Jhon im looking but for the life of me I cant see a short eur usd ,kind of spoils my longer term view for bearish close ,anyway still 2 days to go :nerd:
Tony, actually I'm on the sidelines now, look: Traffic area around the corner on Eurlfx.

Attached Image (click to enlarge)
Click to Enlarge Name: €d1.gif Size: 15 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,967
  • Jun 28, 2011 3:35pm Jun 28, 2011 3:35pm
hi jhon and all,

it may visit 74- 73 area...
please correct/ critize and comments welcome
thanks

good trading.
Attached Image (click to enlarge)
Click to Enlarge Name: d.png Size: 15 KB
  • #11,968
  • Jun 28, 2011 3:44pm Jun 28, 2011 3:44pm
We have had one week fight to take this level, and just closed last week above it.

If it goes lower, usd is in trouble again.
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.gif Size: 10 KB
  • #11,969
  • Jun 28, 2011 5:58pm Jun 28, 2011 5:58pm
thank you peaches, good trading
  • #11,970
  • Jun 29, 2011 4:09am Jun 29, 2011 4:09am
keep an your on eur gbp ..wicks here
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,971
  • Jun 29, 2011 6:24am Jun 29, 2011 6:24am
Quoting peaches
I `am short too, SL near. There is too much testing of this level, isn´t good for bears.

If it breaks: 1.4454.
Now we are approaching an interisting level. Time for the USD boys.

If we break above it, the sky is the limit
  • #11,972
  • Jun 29, 2011 8:08am Jun 29, 2011 8:08am
HL ?
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx w1 29-6-11.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,973
  • Jun 29, 2011 11:29am Jun 29, 2011 11:29am
usd/cad:
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 11 KB
  • #11,974
  • Jun 29, 2011 4:36pm Jun 29, 2011 4:36pm
Any comments as per chflfx? looks bearish to me on the Daily.

chfjpy... can we judge that to be a Bearish Engulfer?
  • #11,975
  • Jun 29, 2011 5:03pm Jun 29, 2011 5:03pm
Quoting 50d
Any comments as per chflfx? looks bearish to me on the Daily.

chfjpy... can we judge that to be a Bearish Engulfer?
yes. chf/jpy engulfes by 2 pips (close is lower 2 pips then open of the day before.

But i will not trade it, because I have no weekly bearish candle. I like to enter if weekly and daily are "pointing" into the same direction. Doesnt say it is not worth trading it, but needs good entry. Or wait for down turn, and price coming back, then enter down.

weekly strong uptrend ! Maybe shooting star at week end ? If so, good enry next week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpy.gif Size: 10 KB
Click to Enlarge Name: chfjpyweekly.gif Size: 12 KB
  • #11,976
  • Jun 29, 2011 5:07pm Jun 29, 2011 5:07pm
Tony, Bones, baz, Peaches,
I need you guys to comment on the dollar index chart attached. It seems the dollar will go down further after breaking 75. A retest and rejection of 75 area might mean we'll see lower levels... my 2 cents.

We need your comments ... you guys have more trained eyes than beginners like me.

thanks.
Attached Image
  • #11,977
  • Jun 29, 2011 5:21pm Jun 29, 2011 5:21pm
Quoting JhonMonsalve
Tony, actually I'm on the sidelines now, look: Traffic area around the corner on Eurlfx.

Attachment
Well, that area is really nice S/R zone for the €, no more longs for me in EU this week, we got a hang man:

Attached Image (click to enlarge)
Click to Enlarge Name: €d1.gif Size: 14 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,978
  • Jun 29, 2011 5:25pm Jun 29, 2011 5:25pm
Quoting riko2705
hi jhon and all,

it may visit 74- 73 area...
please correct/ critize and comments welcome
thanks

good trading.
Hi Riko! In my $lfx charts, we got a Shooting Star + Double Top + Long Black Candle, is probably another test of 59 area coming, but, risky to trade at this moment tbh, better wait for end of month to analyze the candles.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,979
  • Jun 29, 2011 8:43pm Jun 29, 2011 8:43pm
Quoting JhonMonsalve
Hi Riko! In my $lfx charts, we got a Shooting Star + Double Top + Long Black Candle, is probably another test of 59 area coming, but, risky to trade at this moment tbh, better wait for end of month to analyze the candles.
thank you jhon
good trading
  • #11,980
  • Jun 29, 2011 10:51pm Jun 29, 2011 10:51pm
Hello Hussin,hello all,
If you want to go to Hawaii,on Wednesday and Thursday of every week is very good....................Cant say a bigger THANK YOU enough.It is indeed a word of wisdom for any wise.Understanding this alone,is a trader bread and butter http://www.forexfactory.com/images/icons/dollar.gif.
TO-Preaches,Baz,Bone and others thanks once again.


Sincerely,
ADESHINA.
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