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Daily candle chart

  • #12,441
  • Aug 18, 2011 4:05pm Aug 18, 2011 4:05pm
yen is hard to trade, market says buy yen, but BOJ does not like it.
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  • #12,442
  • Aug 18, 2011 4:08pm Aug 18, 2011 4:08pm
Quoting hussin naiji
is time long USDYEN ?
we can not see sign by candles(daily candle chart ) for long USDYEN now even in daily candle chart lfx(usdlfx-jpylfx)
  • #12,443
  • Aug 18, 2011 4:10pm Aug 18, 2011 4:10pm
Quoting nAVIN2007
optimistic for a breakout here hussin
bullish pound is tempting, but GU shows first daily candle as sign of weakness.

Lets see, if it breaks bullish tomorrow. Shooting star as result preferred
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  • #12,444
  • Aug 18, 2011 4:12pm Aug 18, 2011 4:12pm
Quoting hussin naiji
we can not see sign by candles(daily candle chart ) for long USDYEN now even in daily candle chart lfx(usdlfx-jpylfx)
but im in bull camp USDYEN now(76.55) and im waiting for a intervention by BOJ
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  • #12,445
  • Aug 18, 2011 4:14pm Aug 18, 2011 4:14pm
Quoting hussin naiji
but im in bull camp USDYEN now(76.55) and im waiting for a intervention by BOJ
no sl no tp
  • #12,446
  • Aug 18, 2011 4:14pm Aug 18, 2011 4:14pm
Quoting peaches
bullish pound is tempting, but GU shows first daily candle as sign of weakness.

Lets see, if it breaks bullish tomorrow. Shooting star as result preferred

thats true..gbpflx has bullish divergence
and that cable trendline i have a feeling may hold..its gonna be interesting

inverse H&S type pattern and neckline type trendline

could be fireworks
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  • #12,447
  • Aug 18, 2011 4:16pm Aug 18, 2011 4:16pm
Quoting peaches
bullish pound is tempting, but GU shows first daily candle as sign of weakness.

Lets see, if it breaks bullish tomorrow. Shooting star as result preferred
hanging man
  • #12,448
  • Aug 18, 2011 4:19pm Aug 18, 2011 4:19pm
Quoting peaches
bullish pound is tempting, but GU shows first daily candle as sign of weakness.

Lets see, if it breaks bullish tomorrow. Shooting star as result preferred
Peter weekly candle chart up(bullish pattern) but daily candle chart down
  • #12,449
  • Aug 18, 2011 4:24pm Aug 18, 2011 4:24pm
Quoting hussin naiji
Peter weekly candle chart up(bullish pattern) but daily candle chart down
I stand aside on GU. But 1.6630 / 1.6670 is very tempting for bulls. On the other hand there is a daily divergence under development. So I donīt trust the first sign of weakness, I pass this and if it goes up, I sell the second sign.
  • #12,450
  • Aug 18, 2011 4:34pm Aug 18, 2011 4:34pm
next week I can trade, but after that I`am off for a three week Holiday.

Meanwhile I took some small investment for aud/usd short and usd/cad long.

I will be very surprised after my holiday where price is...

Good night.
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  • #12,451
  • Aug 20, 2011 3:52pm Aug 20, 2011 3:52pm
Hello Hussin, Bones, Peaches, Navin and others,

I'm making it a priority to learning Japanese Candle and there patterns like the back of my had and have been studying this Tread for about a month now and feel I am ready to hopefully ask some logical questions plus participate with your reading of these patterns.

In the Aussie chart we see on Aug. 5th ( blue zone ) a long legged doji followed by long bearish candle to be rejected by a bullish harrmi( at this point we have a reversal pattern...correct ? )
But terns out to be faults with next engulfing candle,( out of the blue ) to again make a bullish engulfing followed by another long legged doji with a wick or shadow suggesting to the bearish side but next candle is a long bearish candle .....Are you still with me?

My apology's if this it not correct but I'm to the point of needing some feed back to my interpretations . Any and All comments or criticism on my charting or terminology is appreciated.

Best Regards

Chillypiper
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  • #12,452
  • Aug 21, 2011 1:16pm Aug 21, 2011 1:16pm
Quoting Chillypiper
Hello Hussin, Bones, Peaches, Navin and others,

I'm making it a priority to learning Japanese Candle and there patterns like the back of my had and have been studying this Tread for about a month now and feel I am ready to hopefully ask some logical questions plus participate with your reading of these patterns.

In the Aussie chart we see on Aug. 5th ( blue zone ) a long legged doji followed by long bearish candle to be rejected by a bullish harrmi( at this point we have a reversal pattern...correct ? )
But terns out to be faults with next...
Hi Chillyiper and welcome to the thread

See my interpretation for candlestick pattern in the chart. I see aud/usd more falling, but has much support below, so it might go slowly and bulls sometimes will step in to proof, they are there.

US Stock market is at monthly support, if it breaks, aud/usd drops faster.

To add something, which I read somewhere: not every candle is a pattern. Sometimes a candle is just a candle.
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  • #12,453
  • Aug 21, 2011 1:24pm Aug 21, 2011 1:24pm
Quoting peaches
I stand aside on GU. But 1.6630 / 1.6670 is very tempting for bulls. On the other hand there is a daily divergence under development. So I donīt trust the first sign of weakness, I pass this and if it goes up, I sell the second sign.

I said, I stand aside on GU, but sorry, it was to tempting on lower timeframes ~ 1.6630, I could not resist.

Call me peaches "top-picker" peter.
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  • #12,454
  • Aug 21, 2011 1:29pm Aug 21, 2011 1:29pm
German Leaders Reiterate Opposition to Euro Bonds


http://www.nytimes.com/2011/08/22/bu...onds.html?_r=1

So what do you think, do you see this as good or bad(short term) for the EUR?
  • #12,455
  • Aug 21, 2011 1:38pm Aug 21, 2011 1:38pm
Quoting peaches
Hi Chillyiper and welcome to the thread

See my interpretation for candlestick pattern in the chart. I see aud/usd more falling, but has much support below, so it might go slowly and bulls sometimes will step in to proof, they are there.

US Stock market is at monthly support, if it breaks, aud/usd drops faster.

To add something, which I read somewhere: not every candle is a pattern. Sometimes a candle is just a candle.

Thank you kindly for your analysis Peaches, Looks pretty indecisive in to witch direction it will go, I concur.Next candle may tell, but most all markets are ranging ( sure you know ) to include Usdx.

I look forward to the lessons to be learned here in the future, your last statement sure took some smoke out of my ears.

Best Regards
  • #12,456
  • Aug 21, 2011 2:33pm Aug 21, 2011 2:33pm
Quoting Chillypiper
Thank you kindly for your analysis Peaches, Looks pretty indecisive in to witch direction it will go, I concur.Next candle may tell, but most all markets are ranging ( sure you know ) to include Usdx.

I look forward to the lessons to be learned here in the future, your last statement sure took some smoke out of my ears.

Best Regards
In volatile times, S&P500 chart is heavy correlated (80-90 %) with aud, nzd and cad, so you can use S&P500 chart as a proxy for the currencys I mentioned. Daily candle is more clear bearish then the aud/usd candle. But it has weekly support below. I marked it in the weekly chart, but its direction in general is down.
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  • #12,457
  • Aug 21, 2011 2:41pm Aug 21, 2011 2:41pm
Quoting peaches
I said, I stand aside on GU, but sorry, it was to tempting on lower timeframes ~ 1.6630, I could not resist.

Call me peaches "top-picker" peter.
u said it be great to see a shooting star..i dunno how u predicted/forecast it but we got it!!..excellent forecast peter and thanks for the warning..i agree

cable set to go down
  • #12,458
  • Aug 21, 2011 3:40pm Aug 21, 2011 3:40pm
Quoting nAVIN2007
u said it be great to see a shooting star..i dunno how u predicted/forecast it but we got it!!..excellent forecast peter and thanks for the warning..i agree

cable set to go down
thats nothing magic, but just price behavior of the past.

Question is, if bears will last only for 1-2 more days, or if drops much lower. Time will tell...

Eyes on usd/jpy
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  • #12,459
  • Aug 21, 2011 4:19pm Aug 21, 2011 4:19pm
Quoting peaches
In volatile times, S&P500 chart is heavy correlated (80-90 %) with aud, nzd and cad, so you can use S&P500 chart as a proxy for the currencys I mentioned. Daily candle is more clear bearish then the aud/usd candle. But it has weekly support below. I marked it in the weekly chart, but its direction in general is down.
Yes agreed. Funny my charts a bit different her with 'LiteForex' ( using per one of your post ) showing a Gap and slightly diff. candle size.. Also I still can't find the usdflx eudflx etc....Is this something I need to request there?

Regards
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  • #12,460
  • Aug 22, 2011 12:34pm Aug 22, 2011 12:34pm
Quoting Chillypiper
Yes agreed. Funny my charts a bit different her with 'LiteForex' ( using per one of your post ) showing a Gap and slightly diff. candle size.. Also I still can't find the usdflx eudflx etc....Is this something I need to request there?

Regards
you should find liteforex-index here:

man, what a thin market. donīt like thin markets.
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