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Daily candle chart

  • #13,401
  • May 21, 2012 4:09pm May 21, 2012 4:09pm
under or over thats the question
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  • #13,402
  • May 21, 2012 5:42pm May 21, 2012 5:42pm
Quoting desperate
heres a book nav

john
I HIGHLY recommend anything that comes out from Nison, he is a guy who introduced candles to the western world. I've got his seminars and after watching it like 10 times my trading skills are way better than before, I never read this book but I will now. Some of you will be mindblowed by simplicity and efficiency of trading with candles especially when dealing with decision when to enter your trade. And what one candle can tell you about the market. No wonder why Bones can talk to candles
Thanks for this upload.
swing it!
  • #13,403
  • May 21, 2012 5:51pm May 21, 2012 5:51pm
Quoting desperate
heres a book nav

john
Nav, I have lots of candle books, email me
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File Type: pdf 17 Money Making Candlestick Formations - Copy.pdf   72 KB | 967 downloads
Don't chase the market, Let the market come to you
  • #13,404
  • May 21, 2012 7:09pm May 21, 2012 7:09pm
that was a lazy tl ,we are right on



Quoting Bones
Not bullish
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Click to Enlarge Name: nzd lfx w1 22-05 2.gif Size: 24 KB
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  • #13,405
  • May 21, 2012 7:15pm May 21, 2012 7:15pm
tl comfirmation ? retrace?
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  • #13,406
  • May 22, 2012 7:26am May 22, 2012 7:26am
not sure right now but assume pullback
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Click to Enlarge Name: lfx jpy d1 22-05 2.gif Size: 21 KB
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  • #13,407
  • May 22, 2012 7:28am May 22, 2012 7:28am


monthly has been so bearish but one to watch

Quoting Bones
tl comfirmation ? retrace?
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  • #13,408
  • May 22, 2012 7:31am May 22, 2012 7:31am
slight jig with line


Quoting Bones
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Click to Enlarge Name: usd lfx h4 22-05 2.gif Size: 24 KB
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  • #13,409
  • Edited 8:20am May 22, 2012 7:56am | Edited 8:20am
Quoting Bones
lets be honest its gonna close like that ,seems strange

On the 4 Hour chart (London Open candle start), the Upper Channel Line was respected on every tap before the drop back to 1573 Friday Daily Open Support Line.
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Click to Enlarge Name: gold d1 21-5.PNG Size: 13 KB
Click to Enlarge Name: 4hour.jpg Size: 88 KB
  • #13,410
  • May 22, 2012 8:29am May 22, 2012 8:29am
I do see bearish set up but I am mindful of momentum ,and that can often mean consolidation candles rather than bearish ,on toes
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Click to Enlarge Name: usd lfx d1 22-05-12.gif Size: 27 KB
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  • #13,411
  • May 22, 2012 8:41am May 22, 2012 8:41am
Actually lots already drawn long with break of top ? also some adding here ?

Who right ?
Difficult


Quoting J B Collins
On the 4 Hour chart (London Open candle start), the Upper Channel Line was respected on every tap before the drop back to 1573 Friday Daily Open Support Line.
Attached Image (click to enlarge)
Click to Enlarge Name: gold false w1 hammer 22-5-12.gif Size: 17 KB
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  • #13,412
  • May 22, 2012 8:47am May 22, 2012 8:47am
Ideally for bears close under
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  • #13,413
  • May 22, 2012 8:58am May 22, 2012 8:58am
Honestly I don't want this candle go away candle !
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  • #13,414
  • May 22, 2012 9:08am May 22, 2012 9:08am
Gbp Usd is sliding around in tight range ,$ bulls do have tl touch ,channel to hang on to ,but not exactly going to take them bearish D1 candles out just like that
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  • #13,415
  • May 22, 2012 9:20am May 22, 2012 9:20am
Well Hammer I thought was false was not right by old intervention level as well

If channel holds we should know soon ,but weekly already bearish ?




Quoting Bones
not sure right now but assume pullback
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  • #13,416
  • May 22, 2012 10:15am May 22, 2012 10:15am
Quoting Bones
Actually lots already drawn long with break of top ? also some adding here ?

Who right ?
Difficult
Nice entry on your long. I'm terrible at typing while I trade so I couldn't reply earlier.

The Gold chart weekly pin suggests we should start trending up, but the Daily hadn't flipped bullish yet. I don't like getting caught in the cross chop so no large positions yet on Gold for me until we take out the Daily trendline at 1591.8. 1628 is my target above that. Nice 4 hour inside bar forming depending on how the current candle closes.


With the US Dollar Index, the 4 Hour Lower Channel Line held and price is in bullish territory but I want a close above the green resistance line for bullish continuation.
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  • #13,417
  • May 22, 2012 10:29am May 22, 2012 10:29am
My position remains the same I'm looking to close for bearish Daily ,ideally near false hammer /Doji ?? low

push ups are rejected quite heavily im reassured by that


Quoting Bones
really I dont think can be ,I will put stop over fridays ,but only look for sell
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  • #13,418
  • May 22, 2012 10:31am May 22, 2012 10:31am
or other thing to consider is consolidation as move down was really hard
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  • #13,419
  • May 22, 2012 10:35am May 22, 2012 10:35am
If it broke north I would only consider underside of rising tl on daily ,look at monthly right now below last months low
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  • #13,420
  • May 22, 2012 10:39am May 22, 2012 10:39am
maybe you will witness weakening on Jpy pairs soon (buy jpy)
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