hi all,
good weekend
good weekend
Attached Image (click to enlarge)
- #12,746
- Edited 4:35pm Nov 22, 2011 4:32pm | Edited 4:35pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
here is a flip-a-coin situation.
yesterdays daily candle (just closed) is a small doji. Of course it is a small doji, because it appears below a resistance area. I marked the area and the large candles in orange which broke through the area (blue).
So price could form a evening star or break this doji (price jumps above).
But notice mondays candle, it broke through a resistance too ! In a fair market, price will return there and pick up those traders how where surprised by mondays upmove.
So, how would I trade this situation ? Right now ? I would not trade. I would go long, if the doji breaks up (price above the doji). Or I would go long at the low at 1.6560.
Lets see how market decides...
yesterdays daily candle (just closed) is a small doji. Of course it is a small doji, because it appears below a resistance area. I marked the area and the large candles in orange which broke through the area (blue).
So price could form a evening star or break this doji (price jumps above).
But notice mondays candle, it broke through a resistance too ! In a fair market, price will return there and pick up those traders how where surprised by mondays upmove.
So, how would I trade this situation ? Right now ? I would not trade. I would go long, if the doji breaks up (price above the doji). Or I would go long at the low at 1.6560.
Lets see how market decides...
- #12,748
- Nov 27, 2011 11:01am Nov 27, 2011 11:01am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
here is a flip-a-coin situation.
yesterdays daily candle (just closed) is a small doji. Of course it is a small doji, because it appears below a resistance area. I marked the area and the large candles in orange which broke through the area (blue).
So price could form a evening star or break this doji (price jumps above).
But notice mondays candle, it broke through a resistance too ! In a fair market, price will return there and pick up those traders how where surprised by mondays upmove.
So, how would I trade this situation ? Right now ? I...
But more resistance above. Eyes on 1.7150
- #12,749
- Nov 27, 2011 11:19am Nov 27, 2011 11:19am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
some monthly dollar index charts and kind of interpretation:
On the monthly canldes you see big bear pressure for month may, june, july and august. But bulls hold the line, and reacted with massive bull power
in september. September monthly candle is most importend, healthy with long body. In October price went back, to test the support again. In november started the lift off (hope so).
Interesting 3-month candle formation (1 candle = 3 month)
On the monthly canldes you see big bear pressure for month may, june, july and august. But bulls hold the line, and reacted with massive bull power
in september. September monthly candle is most importend, healthy with long body. In October price went back, to test the support again. In november started the lift off (hope so).
Interesting 3-month candle formation (1 candle = 3 month)
- #12,750
- Nov 27, 2011 4:08pm Nov 27, 2011 4:08pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
A gravestone doji.
Havenīt seen one on the daily in my whole trading career.
I just wanted to show one
Havenīt seen one on the daily in my whole trading career.
I just wanted to show one
- #12,752
- Dec 6, 2011 2:17pm Dec 6, 2011 2:17pm
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
Don't chase the market, Let the market come to you
- #12,753
- Dec 8, 2011 9:41am Dec 8, 2011 9:41am
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
daily candle chart cadlfx
Don't chase the market, Let the market come to you
- #12,760
- Dec 9, 2011 9:08am Dec 9, 2011 9:08am
- Joined Dec 2007 | Status: Trader | 1,964 Posts
4 weekly candle chart USDLFX a Harami patten now
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