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Daily candle chart

  • #14,601
  • Oct 31, 2012 7:02am Oct 31, 2012 7:02am
Quoting Bones
well we havnt seen one of them for over a month ,how do you see the weekly Tom in candles ?
no clear direction as we consolidate, but symmetrical triangle ish is forming which could be seen as continuation of the bullish move from end of july, I would bet on a breakout as I said I am bullish on euro long term. I would focus on monthly at this point and if daily allow, I will enter new long and will hold untill end of the year.
Using monthly candle at this point as a direction and daily as entry point could end up as a good early position without waiting for weekly box breakout.
Nov was bearish historicaly but market cycles can change as well.
I am a dodgy one, be carefull Tony
edit: I pulled my crystal ball and see 1,3380/1,3400 by the end of the year
swing it!
  • #14,602
  • Oct 31, 2012 7:07am Oct 31, 2012 7:07am
Quoting Bones
well we havnt seen one of them for over a month ,how do you see the weekly Tom in candles ?

its all about the monthly close imho tony..if we can have a slow day today tomorrow monthly im looking to short..but we need to be on the otherside of ascending monthly trendline, otherwise its bullish
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  • #14,603
  • Oct 31, 2012 7:17am Oct 31, 2012 7:17am
cable is testing the resistance of the dark cloud over
large wick to downside..not healthy for longs as body is small..lets see how the mofo plays out
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  • #14,604
  • Oct 31, 2012 7:56am Oct 31, 2012 7:56am
Quoting nAVIN2007
its all about the monthly close imho tony..if we can have a slow day today tomorrow monthly im looking to short..but we need to be on the otherside of ascending monthly trendline, otherwise its bullish

ON EUR/USD...i have this to say. the breakout on the charts(below) could happen either way. however, the technical pictures favours a bullish move...

fundamentally? spain rajoy will accept OMT? or not? wait till when?

election tight, deadheat race making the market indecisive? till when?

the NFP coming out later this week....data on thursday/friday..what effect? could it propel a breakout? in what direction? i honestly dont know.

anyways,.these three, at this moment, are the major catalysts i can see precipitating a breakout...

anyways, which ever way it breaks, i will wait for the classic, retest, then enter with continuation.

anyways, chart attached:

.
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" It may mean something. It may mean nothing at all "
  • #14,605
  • Oct 31, 2012 9:43am Oct 31, 2012 9:43am
Quoting tomspin
no clear direction as we consolidate, but symmetrical triangle ish is forming which could be seen as continuation of the bullish move from end of july, I would bet on a breakout as I said I am bullish on euro long term. I would focus on monthly at this point and if daily allow, I will enter new long and will hold untill end of the year.
Using monthly candle at this point as a direction and daily as entry point could end up as a good early position without waiting for weekly box breakout.
Nov was bearish historicaly but market cycles can change...
Good to have Similar View..welcome on-board TOM
Candles are ONLY ONE aspect of TRADING..there is more to it than that..
I am waiting for Entry point as well on D1....

http://www.forexfactory.com/showthre...21#post6091121

baz
  • #14,606
  • Oct 31, 2012 9:45am Oct 31, 2012 9:45am
BEARISH HIKAKE still in PLAY..lets see what we get at EoW ... this week..


http://www.forexfactory.com/showthre...64#post6091164



baz
  • #14,607
  • Oct 31, 2012 9:46am Oct 31, 2012 9:46am
remember this CHART..well go and have a LOOK for yourselves..


http://www.forexfactory.com/showthre...88#post6091188


baz
  • #14,608
  • Oct 31, 2012 3:33pm Oct 31, 2012 3:33pm
Quoting Skynet
ON EUR/USD...i have this to say. the breakout on the charts(below) could happen either way. however, the technical pictures favours a bullish move...

fundamentally? spain rajoy will accept OMT? or not? wait till when?

election tight, deadheat race making the market indecisive? till when?

the NFP coming out later this week....data on thursday/friday..what effect? could it propel a breakout? in what direction? i honestly dont know.

anyways,.these three, at this moment, are the major catalysts i can see precipitating a breakout...

anyways, which...
  • #14,609
  • Oct 31, 2012 4:31pm Oct 31, 2012 4:31pm
as tmac would say stick with candles on h4 and above

I dont see that comfimation for up as discussed
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #14,610
  • Oct 31, 2012 4:34pm Oct 31, 2012 4:34pm
probably good for a short here
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  • #14,611
  • Oct 31, 2012 5:07pm Oct 31, 2012 5:07pm
Quoting Bones
as tmac would say stick with candles on h4 and above

I dont see that comfimation for up as discussed
Yep I'd call it a clear rejection at least for now, this afternoon we had a bullish engulfing, crazy markets eh?
H4 on my sterling forming double top, if we wont go above 1,6145/50 I will abandon my bullish plans, still like how weekly looks though.
I was looking at Chazzle's chart and got me thinking do you guys enter your trades right after new daily candle or wait for london open to initiate the trade for a more accurate entry, I personally prefer second option
swing it!
  • #14,612
  • Oct 31, 2012 5:08pm Oct 31, 2012 5:08pm
I think the monthly will beat the weekly which is why I distrust the weekly
mmm makes sense to me lol


Quoting Bones
cable w1
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd monthly 1-11-12.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #14,613
  • Oct 31, 2012 5:13pm Oct 31, 2012 5:13pm
Hi Tom I tend to take a trade straight off ,then add ,Hussin always says take on close I think

Quoting tomspin
Yep I'd call it a clear rejection at least for now, this afternoon we had a bullish engulfing, crazy markets eh?
H4 on my sterling forming double top, if we wont go above 1,6145/50 I will abandon my bullish plans, still like how weekly looks though.
I was looking at Chazzle's chart and got me thinking do you guys enter your trades right after new daily candle or wait for london open to initiate the trade for a more accurate entry, I personally prefer second option
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #14,614
  • Oct 31, 2012 5:22pm Oct 31, 2012 5:22pm
Quoting Bones
I think the monthly will beat the weekly which is why I distrust the weekly
mmm makes sense to me lol
I know where you guys stand in sterling but aren't you concern about the fact that euro was sold during NY and sterling made its way up? +1 on GDP and no QE from BOE at least for now?
My ex boss hired two new sales ladies in the office, things getting better in the UK no?
swing it!
  • #14,615
  • Oct 31, 2012 5:25pm Oct 31, 2012 5:25pm
Quoting tomspin
do you guys enter your trades right after new daily candle or wait for london open to initiate the trade for a more accurate entry, I personally prefer second option
no set time for me - just when it looks good PA wise - EUR CAD I entered when I posted the chart - same for EG yesterday - I'll look at H4 also to see PA there.But it's there in the back of my head - miss the trade vs. getting a better entry ...
  • #14,616
  • Oct 31, 2012 5:31pm Oct 31, 2012 5:31pm
lol well im already short I will admit ,monthly looks bullish ,d1 tl must go ,may be next week would be better to sell



Quoting chazzle
probably good for a short here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur cad monthly 31-10-12.png Size: 26 KB
Click to Enlarge Name: eur cad d1 31-10-12.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #14,617
  • Oct 31, 2012 5:32pm Oct 31, 2012 5:32pm
Failure by M1 to close ABOVE psycho RN of 1.3000.. BEARS must be HAPPY ..

http://www.forexfactory.com/attachme...1&d=1351722681
Attached Image (click to enlarge)
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  • #14,618
  • Oct 31, 2012 5:36pm Oct 31, 2012 5:36pm
Quoting baz
Failure by M1 to close ABOVE psycho RN of 1.3000.. BEARS must be HAPPY ..

http://www.forexfactory.com/attachme...1&d=1351722681
I count highs & lows on H4, works very well, thanks for warm welcome
swing it!
  • #14,619
  • Oct 31, 2012 5:44pm Oct 31, 2012 5:44pm
Quoting tomspin
I count highs & lows on H4, works very well, thanks for warm welcome
No probs.. always good to see more traders on HUSSINs thread... i am waiting on W1 trigger TOM...although entry on either 4 hr or D1..
Lets see how we end the WEEK....

take care

baz
  • #14,620
  • Oct 31, 2012 5:50pm Oct 31, 2012 5:50pm
Quoting tomspin
I count highs & lows on H4, works very well, thanks for warm welcome
Tom..also $$ INDEX chart does not Inspire any Confidence either..we see a M1 ,as HARAMI ( and a INSIDE BAR )... and i prefer to wait for Confirmation,to be safe ...
78.00 needs to HOLD ..i believe

https://www.tradingview.com/x/o8DHUFKe/
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