hi all without description
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hi David Rodriguez pls tell to me that this candle we must name with what name?
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hi all begining i think we must see that shooting star and hammer are pamphlet reversal pattern or continuation pattern ? .some time has saw in uptrend occurred hammer that confirmed this trend(continuation)but some time hammer is playing reversal pattern also for shooting star but we must not belief that sure body shooting star must red or hammer blue also upper wick for shooting star is very important . as much as long is better also for mammer that lower wick is very important but only body shooting star as much as small is better for hammer only lower wick long is very important of course i love hammer that is front doji
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again look to post no 49 nzdusd was 0.7641 but i saw that shooting star collapsed by double doji star ,this pattern isnot in not book still 50 p up other remaining
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about your post no 61 this shooting star has appearred after 1000 p up and have very power for down but you think still need a little patience for an confirmation because the next candle is similar an doji that show to us suspicion market for down.we need an candel red with upper wick long that close below 1.0050 of course today BOC gorernor dodge speaks but i saw dodge second time himself hand hit to himself nose that confidentially tell to us usdcad is sell next week !!
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this hammer have very power for 250 p up audnzd is up up up
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eurusd is up
hi all with an look to eurusd , we see an hammer daily that stop before bearish candle that this bearish candle with body long and upper wick small and lower wick small said to us that im down but this hammer very have endurance till in the end succeed for return to up .even lower wick long tell to us that im up 120 p
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david we see audnzd weekly chart that is falling even is below 61.8 fibo that confirmation for sell audnzd.that is right .but careful candle analysis that i named (get ahead of trend)must look daily chart ,we see that previous candle hammer is an candle very simple, attention to open this candle and close previous candle that is similar and then this candle was up 80 p ,attention that this candle have not lower wick .after we see an hammer that have lower wick long that is equal 7 itself body .david .this hammer confirmation for up ,attention hammer pattern is an pattern that is alone and is not including two candle .we must see that audnzd will go up to 1.1580Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=9823&stc=1&d=1197064718 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=9824&stc=1&d=1197064737
hi all we see yen is under pressure and have lack of ability for exit from this peak , if FED will cut tommorrow , yen must fall to down (under 111.00)from point of view candle analysis , direction is unknown but i feel usdyen is sell.
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hi all i said my post no 78 after cut rate for usd ,yen will go below 111.00 . now we see daily chart usdyen that have an bullish engulfing pattern in bottom trend. it is right , because base for resting bullish engulfing must bottom trend because bullish engulfing is an type of returnable pattern ,but now we see in continuation uptrend this pattern again upper, whether this pattern is also an bullish engulfing? about bullish three line strike pattern that is type of continuation pattern only we see two candle additional (an candle blue with upper and lower wick small and an star )i think we can accepte this pattern similar bullish three line strike
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hi all now we see daily chart usdyen give to us a result that bullish engulfing pattern in continuation trend have confirmation weak because now we see after this pattern a hanging man .so i have good next year for all with good trades
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an affidavit
hi all some time abortion a candle (or pattern) before birth .hurry is the devills wont.dont rush with this koma usdyen is sell .about hanging man ,my distinction was mistake because this hanging man played a role similar a hammer
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hi all we see on weekly chart audusd that occurred a abandoned baby.this pattern have very power for returen but in abandoned baby pattern we must see after doji a candle red that is close candle red similar open candle blue .for this confirmation occurred a bearish three line strike that is an confirmation for continuation bearish.but i think audusd down till .8510. again repet audnzd is up up up 1.1580
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gbpusd will go 1.9500
hi all chart monthly gbpusd show to us after date 2005.01.01 gbpusd was up with 4150 p .candle (a)is a candle with increase effect then candle(b) we see open this candle (b)same is close candle (a).in top this this trend we see a candle (c)with upper wick long (sell-off)that this candle close below half body candle (b).thus is bearish harami pattern that have ability of confidence low ,but after this we see a candle (d)with body red long for confirmation harami and make bearish three inside down that have very power for down until 1.9500 .chart weekly show to us a bearish evening star that after this pattern a shooting star have confirmation for down . chart daily also gbpusd after r 61.8 (2007.11.29)nicely contination this downtrend .
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return to forums
Hello all! I haven't posted here on dailyfx in quite sometime but thought I would come back and share. I like the thought of this thread! I have been trading unsuccessfully for two years now but shear determination to figure this thing out would not let me give up. I finally concluded that for me indicators were not helpful as I would always wait for some great setup to occur and by the time it did I missed out. NOT SAYING INDICATORS DONT WORK!!!! Only that they don't work for me. I took a step back and decided to learn about price action and now have become more profitable with my trading. Atleast I end most weeks in profit and end the month in profit. Anyway here are a couple of trades that triggered last night. The eur/cad trade was taken off of a weekly chart. Where as two weeks ago developed a pin bar, I didn't take my trade off of that bar but last week also developed a pin bar so I placed a sell order at the bottom of that candle and it kicked in over night and currently it is up around 160 pips.
I also have an AUD/USD trade that initiated last night it was taken on a bearish outside bar from the weekly chart where last weeks candle was higher and closed lower than the previous weeks candle. I placed a sell order at the low of last weeks candle and it triggered. It is only up about 20 pips but hopefully more to come.
Thanks for letting me ramble and hopefully we can all learn together here.
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Usdjpy
The Trend In USDJPY is deffinately down after a quick glance at the long term Elliott Wave Picture. I think there will be some good shorting opportunities around the top part of the real body on last months Candle around 114.50.
ANY THOUGHTS ANYONE ????
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Usdjpy
Everything looks like a go for a short on the USD/JPY coming into the new year.... I would just be careful of a bounce back towards 115.00... If the market breaks lower coming into the new week, probably a good spot for a short... If it breaks higher on the open watch for a possible bounce to get short. http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif I am currently short from 112.95 with a stop at break even http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif The current candle on the weekly finished bearishly engulfed...
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The Euro Is Saying: BE CAREFUL !!!!
On the monthly chart of EUR/USD We can clearly see the inverted hammer last month... Now this months candle is looking like it wants to finish off as a hanging man... Two clear signals that say CAUTION !!! I will be watching to see how the current month finishes. Interesting price action indeed !
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Current usdjpy
We will have to watch this weeks price action to see if we have more bearish potential.... After the bearishly engulfed candle last week rejecting the underside of the 200 day simple moving average and now starting the new week breaking lower, everything looks like a go to me.... price usually goes the way it opens ...
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Here's a possibility of what may be going on in EURUSD currently
The price action in EURUSD has been interesting lately too say the least.... Coming into the new year we may get some momentum to the down side..... Should be interesting http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif
Showing the 8 hour chart here we have a shooting star.....
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eur usd
here is eur/usd daily and hourly charts. resistance = 1.4750 and support = 1.4580. you can see a shooting star in the previous hour and at this time a doji is forming, still have about 30 min left so we will have to see what it will end up as in the end. price will probably struggle around 1.4700 and 1.4650 as those are previous support/resistance areas but i believe price will make its way down to 1.4580. either we will end up in a rectangle formation between these 2 points or see a break through support with a possible profit taking around 1.4400.
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eur/gbp
on the eur gbp daily chart it looks like it has a strong candle upward. the rsi shows 2 divergences one starting around sept and the other starting mid nov. rsi is also above 70. on the 4hr chart the candles are starting to show signs of struggle. you have the shooting star and hangman patterns that have been completed. the present candle is also, at this time, showing struggle between buyers and sellers. the rsi is also showing divergence and above 70. on the 4hr chart you can see that price around 0.7350 and 0.7380. the 35 moving average is around 0.7350. i believe that price will start to move downward to the 0.7380-0.7350 area. since the daily chart is also showing divergence and an rsi above 70 i believe that this will take us to the 0.7200 area. there is a trendline at 0.7220 and the 38.2% fib line at 0.7180. i think at that time it will be a good time to buy the eur/gbp again. does anyone agree with this analysis?
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Aud/usd
Here's my long term outlook for AUD/USD and NZD/USD. Cheers ! http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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hi john agree with u only we must careful for play star
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hi all after usdyen fall with 620 p down below 108.00 ,whether we must see a retreat till 110.50 ? or still yen continue way itself till below 107.00 but i see usdyen will go below 107.00 maybe with a retreat small
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chart is clear
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