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Daily candle chart

  • #12,721
  • Oct 19, 2011 3:45pm Oct 19, 2011 3:45pm
Quoting peaches
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.
well it broke and went 1.393 not 1.40

Candles tell its getting ugly for eur/usd
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  • #12,722
  • Oct 19, 2011 7:48pm Oct 19, 2011 7:48pm
Hey Peaches, I thought i killed this thread with my mis-fire. Good to see you!

Possabile 4hr channel forming here with S&P unable to breach 1230ish resistance....GL !
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  • #12,723
  • Oct 20, 2011 1:45am Oct 20, 2011 1:45am
Quoting peaches
Hi bj,

first, I think one lesson I have learned since spring 2007 (the beginning
my forex journey), I think most importend is not to have a look at the candle, which is under developement. I have seen a daily candle -which was clear until the last minute of the day. In this minute a news come out-in fact aud interest rate if i remember right - and daily pattern was distroyed. So donŽt judge a monthly candle, until the month is done.

For example this month, you may only take notice of february candle.

Well, the GU is not good for a trade at the...
Hi Peaches
regarding lite forex i think they've changed their website structure
can you please specify the new right website

Thanks in advance
Learning is a Journey Not a Destination
  • #12,724
  • Oct 20, 2011 1:54am Oct 20, 2011 1:54am
Quoting FFStudent
Hi Peaches
regarding lite forex i think they've changed their website structure
can you please specify the new right website

Thanks in advance

http://www.liteforex.org/

still the same website

platform is here

http://www.liteforex.com/downloads/
Don't chase the market, Let the market come to you
  • #12,725
  • Oct 20, 2011 2:07am Oct 20, 2011 2:07am
Quoting Tmac
http://www.liteforex.org/

still the same website

platform is here

http://www.liteforex.com/downloads/
Thanks mate
Learning is a Journey Not a Destination
  • #12,726
  • Oct 24, 2011 3:27pm Oct 24, 2011 3:27pm
Quoting Chillypiper
Hey Peaches, I thought i killed this thread with my mis-fire. Good to see you!

Possabile 4hr channel forming here with S&P unable to breach 1230ish resistance....GL !
you are no mis-fire. Market is wrong

USD did not found support. If it doesnŽt where it is right now, it drops much more.

Monthly will be interisting.
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  • #12,727
  • Oct 29, 2011 12:29pm Oct 29, 2011 12:29pm
Have to say, it doesn't look good for the dollar Peaches. Monthly USlfx looks to attempt a full bear engulfing. E/U looks to have more room to the up side with a bear fade or flag for the 4hr and look to more bull continuation....

I have highlighted some brake away gaps that may still need to be filled but see no indication to change direction yet.

One thing keeps ringing in my head is a quote from Jesse Livermore and I many hold fast to jumping in to the market this coming week until I have a more clear picture.

"It is never wise for a speculator to fit facts to his theories"

Anyway..Good luck too all!
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  • #12,728
  • Oct 29, 2011 12:35pm Oct 29, 2011 12:35pm
.
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  • #12,729
  • Oct 29, 2011 12:54pm Oct 29, 2011 12:54pm
Hello Guys,

How do you think with the Daily USDX
Would be appreciate the feedback


Thanks
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If there was easy money lying around,no one would be forcing it into your
  • #12,730
  • Oct 31, 2011 4:54pm Oct 31, 2011 4:54pm
I think we have an evening star for eur/usd. Lets see how it works....
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  • #12,731
  • Nov 1, 2011 1:29pm Nov 1, 2011 1:29pm
Quoting peaches
I think we have an evening star for eur/usd. Lets see how it works....
great call buddy
  • #12,732
  • Nov 8, 2011 7:50am Nov 8, 2011 7:50am
Hi dear all!

Just posting something about Monthly charts in $, I see a fake Kabuse or bearish harami on my feed, I say 'fake' because of the context, I mean, that pattern appears after a long bullish trend [that's not the case], so, I see a bullish buck this end of year and probably the next one too. If 1.59 holds, the next parade could be around 1.65 first, then 1.77, let's see.

Chart:

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"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #12,733
  • Nov 8, 2011 10:41am Nov 8, 2011 10:41am
[quote=JhonMonsalve;5112920]Hi dear all!

Just posting something about Monthly charts in $, I see a fake Kabuse or bearish harami on my feed, I say 'fake' because of the context, I mean, that pattern appears after a long bullish trend [that's not the case], so, I see a bullish buck this end of year and probably the next one too. If 1.59 holds, the next parade could be around 1.65 first, then 1.77, let's see.

hi Jhon
I mean, that pattern appears after a correction
  • #12,734
  • Nov 8, 2011 10:46am Nov 8, 2011 10:46am
[quote=hussin naiji;5113567]
Quoting JhonMonsalve
Hi dear all!

Just posting something about Monthly charts in $, I see a fake Kabuse or bearish harami on my feed, I say 'fake' because of the context, I mean, that pattern appears after a long bullish trend [that's not the case], so, I see a bullish buck this end of year and probably the next one too. If 1.59 holds, the next parade could be around 1.65 first, then 1.77, let's see.

hi Jhon
I mean, that pattern appears after a correction
Hussin , any input of you, it would be highly appreciated, thanks!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #12,735
  • Nov 8, 2011 11:09pm Nov 8, 2011 11:09pm
EURUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.3866, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3972.

If the pair breaks under support level 1.3773, a downtrend will start with the downside target set at support level 1.3694.



Support levels: 1.3773, 1.3694

Resistance levels: 1.3866, 1.3972

http://www.fxlevels.com/wp-content/u...1-09.11.11.gif


GBPUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.6130, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.6272.

If the pair breaks under support level 1.6040, a downtrend will start with the downside target set at support level 1.5958.



Support levels: 1.6040, 1.6000, 1.5958

Resistance levels: 1.6130, 1.6176, 1.6272

http://www.fxlevels.com/wp-content/u...1-09.11.11.gif
  • #12,736
  • Nov 9, 2011 10:06am Nov 9, 2011 10:06am
Quoting Ivan Urupa
EURUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.3866, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3972.

If the pair breaks under support level 1.3773, a downtrend will start with the downside target set at support level 1.3694.



Support levels: 1.3773, 1.3694

Resistance levels: 1.3866, 1.3972

http://www.fxlevels.com/wp-content/u...1-09.11.11.gif


GBPUSD [H1]

The pair is in a sideways trend....
only daily candle chart analyze
  • #12,737
  • Edited 10:21am Nov 9, 2011 10:07am | Edited 10:21am
maybe
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  • #12,738
  • Nov 16, 2011 3:10pm Nov 16, 2011 3:10pm
Quoting peaches
GU has support from 1.53-1.54 but expecting to fall till trendline and break after bounce.
Stepping in from time to time.

I am USD bullish too, but I think for a longer period (next year minimum).

Money is leaving the stock market, and looking for new possibilitys for investment. Currency market is available. USD will rise. Attached is a yearly s&p 500 chart. 1 candle represents = 1 year.
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  • #12,739
  • Nov 16, 2011 3:14pm Nov 16, 2011 3:14pm
Quoting peaches
GU has support from 1.53-1.54 but expecting to fall till trendline and break after bounce.
target for GU on monthly basis. Last month was for the traders who have been left up there to close theire positions. Market in most time is fair.
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  • #12,740
  • Nov 16, 2011 3:22pm Nov 16, 2011 3:22pm
Quoting peaches
eur/usd is making green pips after a few month of hanging man.
For eur/usd most importend is the long black candle for month september. The month before september where able to keep price up (see long lower wicks), but september broke this support and closed below.

Oktober candle was a fake. Price has to be pushed up, to release traders which build long position from may till august. See long upper wick of candle marked with "1", which pushed price up in the orange support/resistance area.

Direction is
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