Engulfing candle plus daily close candle below 2.55
What do you think?
Have a great trading week ahead!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #12,341
- Aug 1, 2011 6:48pm Aug 1, 2011 6:48pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Engulfing candle plus daily close candle below 2.55
What do you think?
Have a great trading week ahead!
- #12,342
- Aug 1, 2011 7:31pm Aug 1, 2011 7:31pm
- Joined Sep 2010 | Status: MR. NOBODY | 3,042 Posts
Hi dear all! Now the £ looks just fabulous, sell the rallies mode on [?], it looks like it is!
Engulfing candle plus daily close candle below 2.55
Attachment
What do you think?
Have a great trading week ahead!
- #12,343
- Aug 1, 2011 7:45pm Aug 1, 2011 7:45pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Will you trade this pattern? Or wait for "three outside down"..? Do I understand it correct in being a medium type risk now?
I see a Bullish hammer/harami pattern, or, IB too, PA is suggesting pb for $, let's see!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #12,345
- Aug 1, 2011 8:34pm Aug 1, 2011 8:34pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Looks very tempting and thankyou for the sweet setup but how much fundies and news will be the Q with the $ and to be a factor here also imo. Good luck!
Ps..what's an IB?....still learning here.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #12,347
- Aug 2, 2011 11:31am Aug 2, 2011 11:31am
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
I have 2 daily candle chart pattern here:
NZD/USD: dark cloud cover and
GBP/USD: a bearish engulfing.
Fundamentally I still prefere to buy NZD on weakness rather than sell it, but these prices really seems way too high...
anyway, China is buying, and I never dare to run against them, especially on such a "movable" currency as kiwi
- #12,348
- Aug 2, 2011 12:18pm Aug 2, 2011 12:18pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I liked the first pattern, and I saw a similar one on AUDUSD, which I have sold with profit today
Fundamentally I still prefere to buy NZD on weakness rather than sell it, but these prices really seems way too high...
anyway, China is buying, and I never dare to run against them, especially on such a "movable" currency as kiwi
nzd/lfx daily looks promissing (evening star?), but I think it will just build the lower wick of the monthly candle, and price will turn bullish at the end of the week, or beginning next week.
A few weeks ago someone said about the monthly candle, if the monthly hanging man fails, the bull run will last for a few more month. I agree with it.
- #12,349
- Aug 2, 2011 1:44pm Aug 2, 2011 1:44pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
sometimes, I find it usefull to watch the weekly lfx charts. It gives me convidence, where price is, and which is the true direction.
Of course it doesn´t help, if you trade on the 15 min chart
Credit for the lfx/jpy goes to baz (if I remember right), and the chf/lfx to tony.
Rest is mine
(what a shame for the eur)
Of course it doesn´t help, if you trade on the 15 min chart
Credit for the lfx/jpy goes to baz (if I remember right), and the chf/lfx to tony.
Rest is mine
(what a shame for the eur)
- #12,352
- Aug 11, 2011 12:14pm Aug 11, 2011 12:14pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #12,355
- Aug 11, 2011 12:26pm Aug 11, 2011 12:26pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
a good work
Hero calls followed by margin calls...
- #12,357
- Aug 11, 2011 12:36pm Aug 11, 2011 12:36pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
a good work by tweezers
Hero calls followed by margin calls...
