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Daily candle chart

  • #12,701
  • Oct 9, 2011 2:43pm Oct 9, 2011 2:43pm
Quoting Chillypiper
Yes, S&P are my primary indicator on A/U also and agree if 9400 gives way we see 9240 next with S&P showing possibilities of 1000...

Question for you S&P 4hr below. I called this an Long legged Doji, but see it as a Bullish Hammer also with small shadow above witch could again be veid as a Dragon fly. This candle subsequently failed with no confermation..Just wondering your opinon..

Dang, your charts are clean man. I need a face lift it seems..

Thanks!
well, based on your candle I would have said, that it is a fake doji, because of the upper wick, and I would have been wrong as last day told us.

Last fridays candle: I would say it is a bearish harami. Down from here.
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  • #12,702
  • Oct 9, 2011 2:45pm Oct 9, 2011 2:45pm
Quoting peaches
usd/lfx has been a bit trouble around 1.66, but I see further rise till 1.715 minimum.
looks like 1.66 was tested for support first, maybe there will be a second test, before climbing higher.
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  • #12,703
  • Oct 9, 2011 4:28pm Oct 9, 2011 4:28pm
Quoting peaches
looks like 1.66 was tested for support first, maybe there will be a second test, before climbing higher.

hi peter,

i make it like this.. i think trendline on weekly has broken, anyway i thought id point it out
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  • #12,704
  • Oct 9, 2011 5:14pm Oct 9, 2011 5:14pm
any comment on gold n silver, hussin n traders?
  • #12,705
  • Oct 10, 2011 6:01am Oct 10, 2011 6:01am
Hello,
I've just come to this forum to learn but i don't know how to apply the analysis.
  • #12,706
  • Oct 11, 2011 3:52am Oct 11, 2011 3:52am
Quoting laugterfx
Hello,
I've just come to this forum to learn but i don't know how to apply the analysis.
http://www.babypips.com/school/

start right here
Don't chase the market, Let the market come to you
  • #12,707
  • Edited 3:15pm Oct 11, 2011 2:56pm | Edited 3:15pm
Okay! Got me “The Japanese Chart of Charts” to continue my studies with, witch it is very simplistic and fascinating.

Here we have what I believe is to be a ‘Tweezer close-in line’ forming a tweezer top. Indicating that many buyers attempting to establish a new high but have failed shown by the long shadow of current candle and unable to reach a new high and has established a ceiling…

This Daily candle will close in 1hr for me and I am looking to sell.
Any input to this analysis is greatly encouraged.I'm aways learning. Plus I really like money...

Regards

Edit..Furthermore, S&P showing 'Evening star Doji' concurs with EU as possible reversal patter needing bearish candle to validate..
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  • #12,708
  • Oct 11, 2011 3:50pm Oct 11, 2011 3:50pm
Quoting Chillypiper
Okay! Got me “The Japanese Chart of Charts” to continue my studies with, witch it is very simplistic and fascinating.

Here we have what I believe is to be a ‘Tweezer close-in line’ forming a tweezer top. Indicating that many buyers attempting to establish a new high but have failed shown by the long shadow of current candle and unable to reach a new high and has established a ceiling…

This Daily candle will close in 1hr for me and I am looking to sell.
Any input to this analysis is greatly encouraged.I'm aways learning. Plus I really like money......
I really like your own way on how you look to the market
Posted my target for tomorrow on e/u thread
  • #12,709
  • Oct 11, 2011 3:51pm Oct 11, 2011 3:51pm
Quoting Tmac
http://www.babypips.com/school/

start right here
It's been a while but happy to see you around
Good traders like spicy on ff without them no taste
  • #12,710
  • Oct 11, 2011 3:54pm Oct 11, 2011 3:54pm
Quoting Chillypiper
Okay! Got me “The Japanese Chart of Charts” to continue my studies with, witch it is very simplistic and fascinating.

Here we have what I believe is to be a ‘Tweezer close-in line’ forming a tweezer top. Indicating that many buyers attempting to establish a new high but have failed shown by the long shadow of current candle and unable to reach a new high and has established a ceiling…

This Daily candle will close in 1hr for me and I am looking to sell.
Any input to this analysis is greatly encouraged.I'm aways learning. Plus I really like money......

Hi ChillyP
just wondering where or which bookseller were you able to purchase this book from..
thanks

baz
  • #12,711
  • Oct 11, 2011 4:00pm Oct 11, 2011 4:00pm
Hi Baz, got it from Amazon form one of Hussin's post.

It also has a free supper eazy e book download, but personally like the hands on book ($27 bucks) Cheep cheep...GL

http://www.google.com/search?q=THE+J...ient=firefox-a



Quoting baz
Hi ChillyP
just wondering where or which bookseller were you able to purchase this book from..
thanks

baz
  • #12,712
  • Oct 11, 2011 4:12pm Oct 11, 2011 4:12pm
iThank you sir! Appreciate the kind words and still have to figure my target BE for know..

Quoting egkid
I really like your own way on how you look to the market
Posted my target for tomorrow on e/u thread
  • #12,713
  • Oct 11, 2011 4:18pm Oct 11, 2011 4:18pm
Quoting Chillypiper
Hi Baz, got it from Amazon form one of Hussin's post.

It also has a free supper eazy e book download, but personally like the hands on book ($27 bucks) Cheep cheep...GL

http://www.google.com/search?q=THE+J...ient=firefox-a
thanks ChiilyP
i must have missed Hussins post !!

baz
  • #12,714
  • Oct 11, 2011 4:48pm Oct 11, 2011 4:48pm
Quoting nAVIN2007
hi peter,

i make it like this.. i think trendline on weekly has broken, anyway i thought id point it out
I think the blue marked long bullish candle broke through a weekly restistance,
and test it now for support. The tricky question is, if it will hold.
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  • #12,715
  • Oct 11, 2011 4:57pm Oct 11, 2011 4:57pm
turn or break ?

worth to notice are 2 things:

this doji appears near a resistance area 1.36 / 1.37, if it breaks it goes much higher.

second thing is previous day long bullish candle. If a bear candle appears as a stop signal like a doji, beside a long bull candle this tells me short.

If IŽam wrong it goes > 1.40.
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  • #12,716
  • Oct 11, 2011 5:15pm Oct 11, 2011 5:15pm
Thank you for your comments Peter and sounds like were in ther same boat too.. Weekly has long history of these support levels also just to add to your veiw..

Regards
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  • #12,717
  • Oct 12, 2011 2:53pm Oct 12, 2011 2:53pm
Quoting peaches
I think the blue marked long bullish candle broke through a weekly restistance,
and test it now for support. The tricky question is, if it will hold.

nice spot yes that support was key
  • #12,718
  • Oct 13, 2011 6:24pm Oct 13, 2011 6:24pm
Here we are again with almost the identical scenario in the candle pattern as 2 days ago, but may be the settlement in the EZ has changed.

Yesterdays Doji appears as it is beginning to validate a Evening star pattern , but will not validate until the close of present candle showing a possible Black Marubozu or also known as 'Evening southern cross'

Last time I shorted this I was stopped out @ BE and I s did it again so I may fall into the insane catigory... 3700 has a strong line with retracement of 23.6 also needing to be achieved also....Let see how she goes.

Anyway, Peter or any comments are welcome to the way I am reading these pattern and know nothing is absolute in the market.

Regards
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  • #12,719
  • Oct 19, 2011 3:30pm Oct 19, 2011 3:30pm
Quoting peaches
I think the blue marked long bullish candle broke through a weekly restistance,
and test it now for support. The tricky question is, if it will hold.
1.65/1.66 does not hold for support, but 1.63 has been tested 4 times.

Looks like it is holding. My bull target is 1.75/1.76.

Happy trading everyone.
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  • #12,720
  • Oct 19, 2011 3:37pm Oct 19, 2011 3:37pm
Quoting peaches
I hope everyone make green pips. A few charts.

First: aud/usd break and sell off, as expected. Support below, but this gives only better short entry.
break and re-test of trendline.

My fault. Should have expected this. But now
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