Forex Candlestick Patterns

F

forexenator

Newbie

Messages

7

Likes

0

• Aug 15, 2005

• #1

Shaven head in the GBP/USD daily chart, a bearish candle may follow tomorrow. Watch for the U.K. Economic calender release and get ready to go bearish.Check my weblog for a screenshot.

 

C

ChowClown

Senior member

Messages

2,826

Likes

59

• Aug 16, 2005

• #2

Gann followers eyeing 7750ish and weekly chart fib retracements using 8th Aug swing high & 18th July low:

38.2% 1.7829
50% 1.7722
61.8% 1.7616

Good luck all.

 

F

forexenator

Newbie

Messages

7

Likes

0

• Aug 16, 2005

• #3

ChowClown said:

Gann followers eyeing 7750ish and weekly chart fib retracements using 8th Aug swing high & 18th July low:

38.2% 1.7829
50% 1.7722
61.8% 1.7616

Good luck all.

Click to expand...

who is Gann? and what is his strategy please? May you clarify?

 

C

ChowClown

Senior member

Messages

2,826

Likes

59

• Aug 16, 2005

• #4

I'll send you a pm.

 

F

forexenator

Newbie

Messages

7

Likes

0

• Aug 16, 2005

• #5

Tweezer top formation in the EUR/USD weekly chart.

Tweezer top formation in the EUR/USD weekly chart, This will trigger a sell signal on breaking 1.2314 level.

 

F

forexenator

Newbie

Messages

7

Likes

0

• Aug 16, 2005

• #6

Bear candle as suggested in the previous post confirming the bearish short term pattern in the cable.

 

C

charliechan

Experienced member

Messages

1,008

Likes

119

• Aug 16, 2005

• #7

you must be kidding.

thats just profit taking - not bearish at all.

youre gunna get your 4x butt kicked bad if you go short

 

F

forexenator

Newbie

Messages

7

Likes

0

• Aug 16, 2005

• #8

charliechan said:

you must be kidding.

thats just profit taking - not bearish at all.

youre gunna get your 4x butt kicked bad if you go short

Click to expand...

Hi charlie, First don't use such words while commenting on other people analysis. Second I already got the profit I wanted and closed the position, so there is no place for your expectations now. At the end of the day I always take a look again at the charts and recomment again. Yesterday i said it may show a bearish candle and you may have collected at least 20-40 pips if you tried to trade in the cable.
Good luck

 

F

forexenator

Newbie

Messages

7

Likes

0

• Aug 16, 2005

• #9

Typical shooting star in the USD/CHF daily chart

Typical shooting star in the USD/CHF daily chart indicating a bearish day may follow.

 

F

forexenator

Newbie

Messages

7

Likes

0

• Aug 16, 2005

• #10

Hammer formation in the EUR/USD daily chart.

A long bearish candle transformed to a long hammer, indicating the probability that tomorrow will be a Euro bulls day. Buy order triggered on prices breaking 1.2371 for +10 pips to +50 pips or according to your exit strategy. Please note that I always close my oredrs after a minimal amount of pips regardless which pattern I see in the candlestick charts.[

 

TheWolf

Member

Messages

72

Likes

0

• Aug 16, 2005

• #11

Dont care where it's heading. As long as it's going somewhere im happy =)