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Daily candle chart

  • #13,881
  • Edited 2:54pm Jun 15, 2012 2:43pm | Edited 2:54pm
not the one in black circle really not at all , ,long dark candle followed by strong white at least 50% up black candle ,top wick like that,in that location =no

You do have defective patterns ,you wont read in books ,Hussin has shown us ,really its not easy


Quoting tinkerbelle
hello , hussin naiji can i ask you when you are tradeing kabuse pattern are you entering right next (day)/bar open or waiting for confirmation and trying enter in trend or doesnt matter ? and in black circle is this kabuse too ? thank youuu. enjoy weekend
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,882
  • Jun 15, 2012 2:49pm Jun 15, 2012 2:49pm
Hussin I wondered if i could draw on your experience of Head and shoulder ,I see on in gbp lfx ,once target is achieved is no longer a concern ?

I notice this one is not tested

hammer does really surprise me of course ,I still see pullback scenario at best

Its deep in price im sure we will see something off it but the depth in should be noted
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx daily 15-6.gif Size: 20 KB
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  • #13,883
  • Jun 15, 2012 2:57pm Jun 15, 2012 2:57pm
just got bigger Gbp lfx d1
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  • #13,884
  • Jun 15, 2012 3:54pm Jun 15, 2012 3:54pm
The thing with this that I always thought its not kabuse is the weird candle long black but created by gap up ,Not sure the best way to view such candles ,without more experiance


Quoting tinkerbelle
hello , hussin naiji can i ask you when you are tradeing kabuse pattern are you entering right next (day)/bar open or waiting for confirmation and trying enter in trend or doesnt matter ? and in black circle is this kabuse too ? thank youuu. enjoy weekend
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,885
  • Jun 15, 2012 4:15pm Jun 15, 2012 4:15pm
HOWEVER, price is still under the resistance area. further,1.2760-2800 is the next resistance area. lets see what big moving will take us this weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 120 KB
A chart helps those who can read it.
  • #13,886
  • Jun 16, 2012 2:26am Jun 16, 2012 2:26am
wow it really did shoot up ,underside of channel respected ,but mighty big now


Quoting Bones
Hussin I wondered if i could draw on your experience of Head and shoulder ,I see on in gbp lfx ,once target is achieved is no longer a concern ?

I notice this one is not tested

hammer does really surprise me of course ,I still see pullback scenario at best

Its deep in price im sure we will see something off it but the depth in should be noted
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx daily 16-6.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,887
  • Jun 16, 2012 2:39am Jun 16, 2012 2:39am
Yea I see that but usd lfx ,looks mighty bearish now ,only a break of immediate falling tl would change my mind (d1),eur im unsure at mo

Well I dont like the weekly ,too strange for me ,anyway it dont look bullish ,,maybe gap under support

Quoting geniusztc
HOWEVER, price is still under the resistance area. further,1.2760-2800 is the next resistance area. lets see what big moving will take us this weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx w1 16-6.gif Size: 14 KB
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  • #13,888
  • Jun 16, 2012 3:00am Jun 16, 2012 3:00am
hello bones i sent you massage can you answer please ? thank you
  • #13,889
  • Jun 16, 2012 5:02am Jun 16, 2012 5:02am
I would like to know how will effect the Greece Election for EUR/USD will it go bear of bull on monday
  • #13,890
  • Jun 16, 2012 5:02am Jun 16, 2012 5:02am
maybe easier if you put last 4 candles together ,not outside ,but bodies engulf


Quoting Bones
Yea I see that but usd lfx ,looks mighty bearish now ,only a break of immediate falling tl would change my mind (d1),eur im unsure at mo

Well I dont like the weekly ,too strange for me ,anyway it dont look bullish ,,maybe gap under support
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  • #13,891
  • Jun 16, 2012 5:10am Jun 16, 2012 5:10am
i hope hussin I can show you my line of thinking ,I have become a profitable trader ,I am going to move my profession to trader ,I am at mid life , I have high dependents and overheads ,I need to be sure ,I have tried to make the move stress free

The conditions I often trade in with my profession are not good so ,I hope I can assume I will be better

But at the mo if my account went to zero it would not affect my life one bit ,as my income is elsewhere ,
When i go pro soon I will be much more careful


I hope you see

Tony



Quoting hussin naiji
baz
Tony is a good trader But there is a fundamental problem
Greed
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  • #13,892
  • Jun 16, 2012 5:35am Jun 16, 2012 5:35am
Quoting Bones
i hope hussin I can show you my line of thinking ,I have become a profitable trader ,I am going to move my profession to trader ,I am at mid life , I have high dependents and overheads ,I need to be sure ,I have tried to make the move stress free

The conditions I often trade in with my profession are not good so ,I hope I can assume I will be better

But at the mo if my account went to zero it would not affect my life one bit ,as my income is elsewhere ,
When i go pro soon I will be much more careful


I hope you see

Tony...
Hey Tony,

nothing offensive but please let me give my opinion on this very important step.


Quote
I have become a profitable trader

Well this is one of the conditions needed before going to trade fulltime of course... you traded a lot , learned a lot and improved your trading to your current skill level, that is enough to be profitable.

Quote
But at the mo if my account went to zero it would not affect my life one bit ,as my income is elsewhere

Good ! Never trade with money and funds that you cannot afford to lose.
But if you cancel your daily job and turning a fulltime trader your mindset will change rapidly.
Your subconscious will tell you that u need to make pips and money, doesnt matter where and how, but you need the money... danger here is that this might leed to a other trading style than you use it to do nowadays.

So please build enough reserve fund before you cancel your fulltime job and go live. skill measured you wont fail, but this will be another business then if trading will be your daily income.

take care,
good luck,

kindest regards,
Jonas
Hero calls followed by margin calls...
  • #13,893
  • Jun 16, 2012 6:04am Jun 16, 2012 6:04am
The range market from 2008.10. when will it break ?

on daily chart ,1.5800 area is the key point .

just wait for the chance .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWEEKLY.jpg Size: 113 KB
Click to Enlarge Name: DAILY CHART.jpg Size: 117 KB
A chart helps those who can read it.
  • #13,894
  • Jun 16, 2012 6:24am Jun 16, 2012 6:24am
Hi Jonas ,Ive had a great year this year honestly ,my style wont change only size if I was young your like you (I think ) I would do in a heartbeat ,my only concern is for others that depend on me if you know what I mean ,

I'm looking to trade with reasonable targets over a week ,no h1 5 min 30 ,

I dont think most (retail traders) get that concept market move all the time 200-300 pips ,even in consolidation

I also think most dont trust higher time frames enough ,a very common mistake in retail trading

Tony


Quoting PhAnTi'
Hey Tony,

nothing offensive but please let me give my opinion on this very important step.




Well this is one of the conditions needed before going to trade fulltime of course... you traded a lot , learned a lot and improved your trading to your current skill level, that is enough to be profitable.



Good ! Never trade with money and funds that you cannot afford to lose.
But if you cancel your daily job and turning a fulltime trader your mindset will change rapidly.
Your subconscious will tell you that u need to make pips and money,...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,895
  • Jun 16, 2012 6:27am Jun 16, 2012 6:27am
also im already secure in lots of ways already ive had 43 years to do so ,and I work hard
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  • #13,896
  • Jun 16, 2012 6:31am Jun 16, 2012 6:31am
Quoting Bones
Yea I see that but usd lfx ,looks mighty bearish now ,only a break of immediate falling tl would change my mind (d1),eur im unsure at mo

Well I dont like the weekly ,too strange for me ,anyway it dont look bullish ,,maybe gap under support

i think lets see what candles ( W1 ) say when we reach the RED LINE ..



http://www.forexfactory.com/attachme...1&d=1339846262
Attached Image (click to enlarge)
Click to Enlarge Name: $$.PNG Size: 111 KB
  • #13,897
  • Jun 16, 2012 6:33am Jun 16, 2012 6:33am
Baz I'm thinking now that we have a set up like the other push up in chart ,also Hussin says head and shoulders ,I do have difficulty seeing here but may be usd cad its clearer
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  • #13,898
  • Jun 16, 2012 6:40am Jun 16, 2012 6:40am
Quoting Bones
Baz I'm thinking now that we have a set up like the other push up in chart ,also Hussin says head and shoulders ,I do have difficulty seeing here but may be usd cad its clearer

http://www.forexfactory.com/attachme...1&d=1339846756

Harami and confirmation ??.. yes
Attached Image (click to enlarge)
Click to Enlarge Name: cad.PNG Size: 47 KB
  • #13,899
  • Jun 16, 2012 6:41am Jun 16, 2012 6:41am
usd cad im looking for short , ideal pullback first
Attached Image
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  • #13,900
  • Jun 16, 2012 6:45am Jun 16, 2012 6:45am
Quoting Bones
usd cad im looking for short , ideal pullback first
this is ONE pair i really HATE to trade... its bitten me quite a bit in the " PRE HUSSIN " era..

But lets see ,how she unfolds..i will be watching CABLE..
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