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Daily candle chart

  • #3,921
  • Jan 6, 2009 4:43pm Jan 6, 2009 4:43pm
this british pound is a miracle to me, it looks like it will fly to the moon.

gbp/chf for example has no sign of a bearish candlestick pattern. Maybe this one goes 1.75-1.76 ?

But this is all for profit taking and better short entry imho.
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  • #3,922
  • Jan 6, 2009 4:48pm Jan 6, 2009 4:48pm
Yes it did Hussin and I thank you for pointing it out ,I now have the demo and will be checking the LFX’s as part of my daily routine for a guide to currency strength.
Im still struggling as to how it’s made up though ,is it a index specific to the broker? Is it made up as one currency against all the others in the LFX?


Quoting hussin naiji
hi Bounes now we can see a good work by bearish shooting star in CHF LFX weekly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #3,923
  • Jan 6, 2009 4:48pm Jan 6, 2009 4:48pm
I think bull run for GU will be over at 1,52 or maybe 1,54, there is no bearish pattern in my charts on daily timeframe.

Have a nice day/night you all.
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  • #3,924
  • Jan 6, 2009 4:53pm Jan 6, 2009 4:53pm
Quoting Bones
Yes it did Hussin and I thank you for pointing it out ,I now have the demo and will be checking the LFX’s as part of my daily routine for a guide to currency strength.
Im still struggling as to how it’s made up though ,is it a index specific to the broker? Is it made up as one currency against all the others in the LFX?
Hi bones, I have no verified information about lightforex (LFX), but I think, that it is basket of one currency against a few other currencys. The "light" is, because you are able to trade it in 1 dollar or cent, so very mini/small value.

Hussin might have a better explanation when he is back.
  • #3,925
  • Jan 6, 2009 4:59pm Jan 6, 2009 4:59pm
carefully for shorts on geppy in this uptrend 1h:

If it does not stop where it is right now, we might
see geppy run to 148 for next short entry.

But yen index is turning bullish...

http://stockcharts.com/charts/gallery.html?$XJY
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  • #3,926
  • Jan 6, 2009 5:10pm Jan 6, 2009 5:10pm
Yea a basket is what I was thinking Peaches,The content is a bit a mystery ,but they seem a great guide to stength and weakness,
I mean I see ideally you want to trade the strong against the weak for max pips....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #3,927
  • Jan 6, 2009 5:49pm Jan 6, 2009 5:49pm
Take the CadLfx Im thinking that the Cad will weaken over the next few days. So maybe the UsdCad will rise or hold tight for the momment.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #3,928
  • Jan 6, 2009 6:04pm Jan 6, 2009 6:04pm
I have no time to analyse which is the strongest to go against the Cad but take the GbpCad
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #3,929
  • Jan 7, 2009 9:45am Jan 7, 2009 9:45am
Quoting hussin naiji
hey Tmac ,how do you feel ?
i hope that will be this year very good for you and also your the honourable family.
but Tmac .as a matter of fact that in the main the candlestick analysis ,this needs to be done carefully .also on the other part , the today and morrow are religious holiday in the Iran .therefore i have not time for hunting of candlestick formations and then candlestick analysis .
but if need be i will try to the life on this score .
about EURAUD
in all likelihood ,the EURAUD is forming a bottom (in 85xx) for to be completed half-size...
I am well and thanks for asking, it is good to see you again and i hope all is well for you and your loved ones also.

I am just trying to keep this thread clean from the other analysis that have nothing to do with your intent.............candlesticks

too many other threads get polluted with crap posts and loose the intial meaning eventually, I tend to piss some people off but it does not bother me.

This is still the premier pure thread on FF so lets keep it that way

CANDLESTICKS ONLY

take your indicator analysis elsewhere people, indicators only tell you what has been

and yes this has been an awesome year so far... far outpacing last jan in the first few days alone, these are exciting times in the forex markets and the profit potential has been I think quite easy to read so far, now we will see how far the obama bounce will take us across currencies
Don't chase the market, Let the market come to you
  • #3,930
  • Jan 7, 2009 11:26am Jan 7, 2009 11:26am
pls look in daily candle chart CADYEN
WE CAN SEE A BEARISH PATTERN
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  • #3,931
  • Jan 7, 2009 11:28am Jan 7, 2009 11:28am
Quoting hussin naiji
pls look in daily candle chart CADYEN
WE CAN SEE A BEARISH PATTERN
also in we will see close window for LFXJPY in the next time
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  • #3,932
  • Jan 7, 2009 11:31am Jan 7, 2009 11:31am
Quoting hussin naiji
also in we will see close window for LFXJPY in the next time
on the other part now we can see a bearish shooting star pattern with confirmation in daily candle chart CAD LFX
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  • #3,933
  • Jan 7, 2009 11:35am Jan 7, 2009 11:35am
Quoting hussin naiji
on the other part now we can see a bearish shooting star pattern with confirmation in daily candle chart CAD LFX
also in H4 candle chart CAD LFX
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  • #3,934
  • Jan 7, 2009 11:37am Jan 7, 2009 11:37am
Quoting hussin naiji
also in H4 candle chart CAD LFX
on the other part we can see a inverted hammer in USD LFX
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  • #3,935
  • Jan 7, 2009 11:43am Jan 7, 2009 11:43am
Quoting hussin naiji
on the other part we can see a inverted hammer in USD LFX
AGAIN AGAIN REPEAT PAST TIME
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  • #3,936
  • Jan 7, 2009 3:02pm Jan 7, 2009 3:02pm
Quoting hussin naiji
on the other part we can see a inverted hammer in USD LFX
now we can see a good work by a inverted hammer
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  • #3,937
  • Jan 8, 2009 10:02am Jan 8, 2009 10:02am
Hi all,

GU has touched a few hours ago the monthly 138.20 fibo extension level,
this daily GU candle will tell, if the time is right for turn bearish again....
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  • #3,938
  • Jan 8, 2009 10:09am Jan 8, 2009 10:09am
2 things which are worth a notice for eur/usd:

after the hammer and bullish candle i marked in the chart, price is right now
in an area of profen resistance.

I marked this area ~ 1,38 where a gap has happend in the beginning october.
Gaps sometimes work as a resistance.

Todays daily candle will be interisting too. The question is, if this resistance will reject price.
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  • #3,939
  • Jan 8, 2009 4:31pm Jan 8, 2009 4:31pm
in the daily candle chart USDYEN ,we have seen a bearish evening shooting star pattern previous day .it results from the above , in the main it savors of revenge by sellers that have given heavy casualties in the past days after increase price from 90.50 to 94.60 (of course i have said in the past days that we will see 93 or 94 for USDYEN and also 93 or 94 will be best points for sell). first of all we must have pay attention to today of candle .this observation say us enter new sellers also confirmation for bearish evening shooting star also forming a 3 outside down .
only i can say in this time that heaven buyers from danger in the next days.
hussin
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  • #3,940
  • Jan 8, 2009 4:40pm Jan 8, 2009 4:40pm
in the weekly candle chart USDYEN ,till this time (close of on Thursday ),we can see a Kabuse pattern in fact Kabuse of Bozu . this pattern is with high reliability .maybe with more fall before end of week ,we will see a bearish engulfing pattern .im not agree with bearish shooting star pattern .if i have a open price higher than close of prevoius day and also a close higher , maybe i must changed my point of view from bearish Kabuse pattern to bearish shooting star . but no
long upper wick is a good signal for bear camp
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