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Daily candle chart

  • #12,241
  • Jul 21, 2011 4:03pm Jul 21, 2011 4:03pm
Quoting peaches
difference between a true harami and just a bearish candle.

cad/lfx is just a bearish candle, price will rise.

aud/lfx is a bearish harami.

Letīs see, if I`am right.

well....I was right till the US news came out . Carefull with the cad, because it might reverse bullish, if support holds.

aud has a pullback in the last 4 h of the US trading session, but it looks bullish to me. This leeds me to the aud/nzd:
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  • #12,242
  • Jul 21, 2011 4:14pm Jul 21, 2011 4:14pm
aud/nzd is reaching a zone of longtime support and resistance, which is the area 1.24 - 1.26.

On the daily we see the lower wicks, wich are indicating the power of the bulls. It might try a little bit longer to go through this resistance, or it will reverse. I`am long from here.
Attached Image(s) (click to enlarge)
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  • #12,243
  • Jul 21, 2011 4:14pm Jul 21, 2011 4:14pm
Yes peter test under that tl and I agreed ,$ making new lows ,so many tries at tl ,last week final straw



Quoting peaches
view on the usd/lfx.

I think we are going down, rejection from the trendline.

Real moves starts in august/september.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #12,244
  • Jul 21, 2011 4:28pm Jul 21, 2011 4:28pm
Im glad at least I havnt traded this this week ,since I was bullish the $ really have no idea where thats going only
resistance coming and I will wait and see ,still I dont like weekly last week ,watch out for flat market could turn easy heed bearish warnings on daily ,1.45-50 real test
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #12,245
  • Jul 21, 2011 4:33pm Jul 21, 2011 4:33pm
Quoting Bones
Yes peter test under that tl and I agreed ,$ making new lows ,so many tries at tl ,last week final straw

tony, I repeat my theory, that dollar just bounced from the 127 fibo level, and is heading to the 161.8 fibo level, which is at around 68 on my chart from different feed then usd/lfx. BUT it will be a very choppy ride going through the 127 fibo level. everything can happen.
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  • #12,246
  • Jul 21, 2011 4:35pm Jul 21, 2011 4:35pm
Yes well done Peter ,I know you have never believed $ revival at this point ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #12,247
  • Jul 21, 2011 4:38pm Jul 21, 2011 4:38pm
Just shows the upper wicks off tl stronger than very nice engulf ,
to upper wick ,I noted the wicks but thought the other way round

Quoting Bones
Yes peter test under that tl and I agreed ,$ making new lows ,so many tries at tl ,last week final straw
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #12,248
  • Jul 21, 2011 4:43pm Jul 21, 2011 4:43pm
Quoting peaches
I was to early for nzd, second trade short from here.
still the chance for nzd building a top. See two bearish candles on the 4 hour chart. If it breaks 1.36, nzd goes much higher.
Attached Image(s) (click to enlarge)
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  • #12,249
  • Jul 21, 2011 4:46pm Jul 21, 2011 4:46pm
Quoting Bones
Just shows the upper wicks off tl stronger than very nice engulf ,
to upper wick ,I noted the wicks but thought the other way round
It all depends on the monthly closing.

see nice pressure with long wicks, BUT I have to notice higher monthly
closes.

It all depends on the monthly closing.
Attached Image
  • #12,250
  • Jul 21, 2011 4:52pm Jul 21, 2011 4:52pm
worth to notice, and not in the media as far as I read newspaper or websites:

Release Date: June 29, 2011
For release at 9:00 a.m. EDT

The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank today announced an extension of the existing temporary U.S. dollar liquidity swap arrangements through August 1, 2012. The Bank of Japan will consider the extension at its next Monetary Policy Meeting. The swap arrangements, established in May 2010, had been authorized through August 1, 2011.

http://www.federalreserve.gov/newsev.../20110629a.htm

I found this very interisting.

good night
  • #12,251
  • Jul 21, 2011 11:41pm Jul 21, 2011 11:41pm
Yes eur more the driver on the usdx ,eur I am still bearish ,not this week maybe ,tough res now for the eur
$ I will wait for close ,


Quoting peaches
It all depends on the monthly closing.

see nice pressure with long wicks, BUT I have to notice higher monthly
closes.

It all depends on the monthly closing.
Attached Image (click to enlarge)
Click to Enlarge Name: eur lfx d1 1.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #12,252
  • Jul 24, 2011 9:40am Jul 24, 2011 9:40am
For the swiss franc lets say it, what it is:

a weekly bearish dark cloud cover

http://www.candlesticker.com/Cs48.asp

But it has support right below on the daily. Lets see, if it goes through it.

Maybe it is correction time for the swiss franc.
Attached Image(s) (click to enlarge)
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  • #12,253
  • Jul 24, 2011 9:48am Jul 24, 2011 9:48am
this has results for the the currency pairs, where the chf is involved.

For chf/jpy we have a weekly bearish engulfing.

Maybe its good to short the chf against the gbp. gbp/lfx shows a morning star on the weekly. Lets see, if we see a correction against the big downtrend.

edit: its a morning doji star an gbplfx
Attached Image(s) (click to enlarge)
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  • #12,254
  • Jul 24, 2011 1:05pm Jul 24, 2011 1:05pm
Quoting peaches
this has results for the the currency pairs, where the chf is involved.

For chf/jpy we have a weekly bearish engulfing.

Maybe its good to short the chf against the gbp. gbp/lfx shows a morning star on the weekly. Lets see, if we see a correction against the big downtrend.

edit: its a morning doji star an gbplfx
Hi Peaches,

Thanks for your chart, i would like to add more information on your analyze, if you don't mind

Your blue highlight on Gbplfx :

Morning doji star : usually its a pattern with 3 candles, first candle : an extended black real body the second one a doji (the body won't touch the prior real body) and the third one a white real body.

In this sequence it's a succession of doji with long legs, and the last candle is a bullish engulfing one finally the result is the same of your analyze but different pattern name and different reliability.

- the morning star, morning doji star or abandoned baby are more reliable (especially the last one)

I will try to post my view and chart this week

Only want to share this details, but keep going this nice work and thread
Green pips to you
Sailor
Trade with the momentum
  • #12,255
  • Jul 24, 2011 1:30pm Jul 24, 2011 1:30pm
Quoting sailor68
Hi Peaches,

Thanks for your chart, i would like to add more information on your analyze, if you don't mind

Your blue highlight on Gbplfx :

Morning doji star : usually its a pattern with 3 candles, first candle : an extended black real body the second one a doji (the body won't touch the prior real body) and the third one a white real body.

In this sequence it's a succession of doji with long legs, and the last candle is a bullish engulfing one finally the result is the same of your analyze but different pattern name and different reliability.

-...
Hi sailor,

I agree, the long black body candle is missing, its a doji with a bullish engulfing. On the daily I marked two candles, which looks also bullish, but I have no name for them.

Looks like gbp is building a bottom...lets see how it goes this week.
Attached Image (click to enlarge)
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  • #12,256
  • Jul 24, 2011 1:38pm Jul 24, 2011 1:38pm
for the usd/lfx we had on friday a white opening marubozu or so called bullish belt hold:

http://www.candlesticker.com/Cs16.asp

It has low reliability.
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.gif Size: 13 KB
  • #12,257
  • Jul 24, 2011 2:17pm Jul 24, 2011 2:17pm
big moves on the pre market opening for the swiss franc again.
Attached Image (click to enlarge)
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  • #12,258
  • Edited 2:26pm Jul 25, 2011 2:14pm | Edited 2:26pm
nzd/cad has a bearish engulfing today, but notice on my oanda live feed, it
looks like a dark cloud cover !

nice uptrend in the past, will it come to an end now ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcad.gif Size: 20 KB
Click to Enlarge Name: nzdcadnow.gif Size: 78 KB
  • #12,259
  • Jul 25, 2011 2:34pm Jul 25, 2011 2:34pm
to underline the importance of a daily dark cloud cover see the result of one for usd/cad. It made nearly 500 pips, and might not have finished yet.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 87 KB
  • #12,260
  • Jul 25, 2011 2:41pm Jul 25, 2011 2:41pm
Quoting peaches
nzd/cad has a bearish engulfing today, but notice on my oanda live feed, it
looks like a dark cloud cover !

nice uptrend in the past, will it come to an end now ?
For the moment i have a bearish engulfing pattern on the daily (oanda).
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