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Daily candle chart

  • #15,141
  • Jan 2, 2013 5:49pm Jan 2, 2013 5:49pm
136 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 136 pip wick 2-1-13.png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #15,142
  • Jan 3, 2013 2:22am Jan 3, 2013 2:22am
Morning Bones,

The short is not visable with regards to the candles per say, but all the other points I have mentioned indicate the SM are shorting as the price is going up i.e. distributing.

Time will tell, volume gives the answer.

Quoting Bones
Hi Andy ,not sure I see the short ,also any candle advise
btw not sure about the gaps
  • #15,143
  • Edited 2:51am Jan 3, 2013 2:25am | Edited 2:51am
Morning Pama,

MA is a EMA 13, im not sure what you mean about black line zones, one of the lines is my price target the other is showing me the price moving.
The boxed zones highlight the volume I was talking about in the previous post.
SM is the Smart Money, these are the BIG players that manipulate the markets, i.e Goldman Sachs

Added - the black wave lines inform me of price extremes
- the blue zone gives me trend direction

Quoting pama.fx
hi andy

i think you are an advance trader.

care to share...
the ma's you used?
the 2 black lines zone?
the light blue zone?
what you meant by "SM?"

thanks for your time.

happy pipping in 2013
  • #15,144
  • Jan 3, 2013 2:41am Jan 3, 2013 2:41am
Quoting andyvxr
Morning Pama,

MA is a EMA 13, im not sure what you mean about black line zones, one of the lines is my price target the other is showing me the price moving.
The boxed zones highlight the volume I was talking about in the previous post.
SM is the Smart Money, these are the BIG players that manipulate the markets, i.e Goldman Sachs
Buddy If you dont mind can I ask u a question are you using COT reports to find out what exactly big players are doing?
Gain or Lose there is always a winner named Market!!!
  • #15,145
  • Jan 3, 2013 2:49am Jan 3, 2013 2:49am
Hiya,

No I don't use them as its lagging data, learning how to read volume using vsa (volume spread analysis) is the only way to learning what the big players are doing in foresight not hindsight.

Quoting Kingoffx
Buddy If you dont mind can I ask u a question are you using COT reports to find out what exactly big players are doing?
  • #15,146
  • Jan 3, 2013 3:08pm Jan 3, 2013 3:08pm
Quoting Zircon

What a bloody day
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #15,147
  • Jan 3, 2013 3:41pm Jan 3, 2013 3:41pm
oh yes funs just started
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx d1 3-1-13 evening star.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #15,148
  • Jan 3, 2013 3:44pm Jan 3, 2013 3:44pm
Quoting Bones
oh yes funs just started

agree..
  • #15,149
  • Jan 3, 2013 10:40pm Jan 3, 2013 10:40pm
Quoting sonicdeejay
Bearish Bearish...

http://www.forexfactory.com/attachme...1&d=1356444749


Sonic

Told Cha...

Sonic
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Click to Enlarge Name: shi.jpg Size: 121 KB
  • #15,150
  • Jan 3, 2013 11:05pm Jan 3, 2013 11:05pm
Quoting andyvxr
Shorted USDJPY @ 87.25

Target - 82.00

Reasons - The SM have been distributing since around 84.31
- Very Overbrought indicated via the Red EMA
- Heavy volume showing SM active
- Swing Volume indicating a decrease in upward movement
- Also GAPS to close

Agreed..

UJ looks bearish too..

Sonic
  • #15,151
  • Jan 4, 2013 2:14am Jan 4, 2013 2:14am
took a few small shorts on this spinner in GBPCHF, which was against my monthly pivot, looking to add on some confirmation today, for a chance at 4747 and 4536...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 3.gif Size: 18 KB
Look Sharp/Trade Tight
  • #15,152
  • Jan 4, 2013 3:21am Jan 4, 2013 3:21am
Hi Bones,

What do you think about GJ? It's time to short or waiting for 145 area (61.8 retrace)?

thank you

kg
  • #15,153
  • Jan 4, 2013 4:03am Jan 4, 2013 4:03am
Hi K ,UJ still rising ,but lfx jpy up against some stong res ,and we have new month ,no sign maybe today ,maybe we need new weekly

seems unlikey now not to go to res
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy d1 4-1-13.png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #15,154
  • Jan 4, 2013 4:15am Jan 4, 2013 4:15am
Hi Andy

Maybe the VSA is correct as I also feel this is way OB but im thinking I dont need VSA to tell me

I suppose often candles are not an easy read ,im often wrong trying to read candles all on there own.

maybe better in conjunction with another tech

anyway ,it would be great to hear candle veiws I know Hussin wants to keep strictly to that in here

Best

Tony



Quoting andyvxr
Morning Bones,

The short is not visable with regards to the candles per say, but all the other points I have mentioned indicate the SM are shorting as the price is going up i.e. distributing.

Time will tell, volume gives the answer.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #15,155
  • Jan 4, 2013 4:17am Jan 4, 2013 4:17am
sterling closing in on last months low, looking ahead to next week...might look for a bounce towards 6121 for shorts, or if we blow though it like cheese, maybe some longs against 5881 if something wickish presents itself..
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #15,156
  • Jan 4, 2013 4:19am Jan 4, 2013 4:19am
Gbp lfx w1 ,def not to early to look at this
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Click to Enlarge Name: gbp lfx w1 4-1-13.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #15,157
  • Jan 4, 2013 4:29am Jan 4, 2013 4:29am
usd lfx d1 ,bullish weekly NFP comming but still I think is bullish ,check monthly as this is bounce of rising tl
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd lfx d1 4-1-13.gif Size: 19 KB
Click to Enlarge Name: usd lfx 3-1-13 hammer confirmation.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #15,158
  • Jan 4, 2013 4:46am Jan 4, 2013 4:46am
This has been a great learning experiance with gold and a great Advocate for candles on HTF



Quoting chazzle
... still the same month ...
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #15,159
  • Jan 4, 2013 7:03am Jan 4, 2013 7:03am
Quoting Bones
Gbp lfx w1 ,def not to early to look at this
looking at the gbplfx index (pin formation) it will be tough for cable to bounce i feel

i fancy blow through like cheese scenero
  • #15,160
  • Jan 4, 2013 8:23am Jan 4, 2013 8:23am
Should the gold be drop ? But i am wathing a hammer like candel on 4H TF... what to do sir ? @Bones
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