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Daily candle chart

  • #3,941
  • Jan 8, 2009 4:44pm Jan 8, 2009 4:44pm
Quoting hussin naiji
also in we will see close window for LFXJPY in the next time
yes also
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  • #3,942
  • Jan 8, 2009 5:00pm Jan 8, 2009 5:00pm
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...
yes also

yes also
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  • #3,943
  • Jan 8, 2009 9:24pm Jan 8, 2009 9:24pm
hi Hussin,

thnx for all the charts.

i have a question here...mind u sharing what correlation between those LiteForex Index (LFX) with other majors & crosses ?

thnx again & have a nice day!
  • #3,944
  • Jan 9, 2009 2:22am Jan 9, 2009 2:22am
Quoting CandlePower
hi Hussin,

thnx for all the charts.

i have a question here...mind u sharing what correlation between those LiteForex Index (LFX) with other majors & crosses ?

thnx again & have a nice day!
hi dear all
CandlePower ,by watching the markets ,i noticed something interesting about candlestick charts especially LFX market.
a good dealer especially analyst technical with candlestick analysis method must examine as much as possible in between the all markets and their alternate effects .
CandlePower if need be ,look to "Intermarket Technical Analysis Trading Strategies for the global Stocks ,Bond, Commodity and Currency(FX) markets, written John J.Murphy .
it results from this book (the gift of this book ) ,there is real connection often in between Commodity market and other three markets , Bond, Stocks , Currency (FX) markets in reversed form .one may say always in reversed form .for instance
Commodity =up Bond =down then Stocks= down and Currency=down
Commodity =down Bond =up then Stocks=up and Currency=up
therfore a good dealer FX market must have pay attention to other markets for itself sensitive horizon.
  • #3,945
  • Jan 9, 2009 3:02am Jan 9, 2009 3:02am
Quoting hussin naiji
hi dear all
CandlePower ,by watching the markets ,i noticed something interesting about candlestick charts especially LFX market.
a good dealer especially analyst technical with candlestick analysis method...
also we must have pay attention to other markets .the LFX market is of interest to me .
in the LFX market we can see only 8 index as follows:
1-USD LFX
2-EUR LFX
3-LFX JPY
4-GBP LFX
5-AUD LFX
6-NZD LFX
7-CAD LFX
8 CHF LFX
also calculations are as follows:
EUR LFX / USD LFX =EURUSD
USD LFX * LFX JPY =USDYEN
GBP LFX / USD LFX =GBPUSD
AUD LFX / USD LFX =AUDUSD
NZD LFX / USD LFX =NZDUSD
USD LFX / CAD LFX =USDCAD
USD LFX / CHF LFX =USDCHF
also calculations are cross pair as follows
GBP LFX / AUD LFX =GBPAUD
LFX JPY * GBP LFX =GBPYEN
EUR LFX / AUD LFX =EURAUD
AUD LFX / NZD LFX =AUDNZD
as a matter of fact we must have used for candlestick analysis a cross pair in FX market for example EURAUD from three candle chart
1-EURUSD
2-AUDUSD
3-EURAUD
but in terms of candlestick analysis for a cross pair in LFX market for example EURUAD , we can use inly from two candle chart
1-EUR LFX
2-AUD LFX
it is safe to say the FX market is with more lag of time than to the LFX market.
i dont know about you but i can see easier and quickly signals in THE LFX than FX .
  • #3,946
  • Jan 9, 2009 5:35am Jan 9, 2009 5:35am
in the weekly candle chart AUDNZD , we can see a bearish Kabuse pattern note: open prices are important
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  • #3,947
  • Jan 9, 2009 5:40am Jan 9, 2009 5:40am
Quoting hussin naiji
in the weekly candle chart AUDNZD , we can see a bearish Kabuse pattern note: open prices are important
also in the daily candle chart we can see a bearush hanging man pattern and with a bearish doji pattern.
note:open prices are important in this analysis
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  • #3,948
  • Jan 9, 2009 11:10am Jan 9, 2009 11:10am
Quoting hussin naiji
also we must have pay attention to other markets .the LFX market is of interest to me .
in the LFX market we can see only 8 index as follows:
1-USD LFX
2-EUR LFX
3-LFX JPY
4-GBP LFX
5-AUD LFX
6-NZD LFX
7-CAD LFX
8 CHF LFX
also calculations are as follows:
EUR LFX / USD LFX =EURUSD
USD LFX * LFX JPY =USDYEN
GBP LFX / USD LFX =GBPUSD
AUD LFX / USD LFX =AUDUSD
NZD LFX / USD LFX =NZDUSD
USD LFX / CAD LFX =USDCAD
USD LFX / CHF LFX =USDCHF
also calculations are cross pair as follows
GBP LFX / AUD LFX =GBPAUD
LFX JPY * GBP LFX =GBPYEN
EUR LFX / AUD LFX...
thnx a lot bro hussin for yur kind reply...really appreciate it!
  • #3,949
  • Jan 9, 2009 5:21pm Jan 9, 2009 5:21pm
you are doing a great job here, hussin, really appreciate it.
Invincibility lies in the defence, the possibility of victory in the attack
  • #3,950
  • Jan 9, 2009 6:45pm Jan 9, 2009 6:45pm
cable,

weekly:
strong bull trend
morning star, but not in clear downtrend
morning star with spinning top, bear weakness
completing megaphone @ 1.6

daily:
advance block, bulls exhaustion
possible three inside down
gap tomorrow?
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Invincibility lies in the defence, the possibility of victory in the attack
  • #3,951
  • Jan 10, 2009 6:20pm Jan 10, 2009 6:20pm
Quoting Tmac
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...
Tmac , your view is same my view.
agree with above mentioned your instances
again thanks for your pay attention this thread.
best regards
hussin
  • #3,952
  • Jan 10, 2009 8:08pm Jan 10, 2009 8:08pm
Quoting silverheat
cable,

weekly:
strong bull trend
morning star, but not in clear downtrend
morning star with spinning top, bear weakness
completing megaphone @ 1.6

daily:
advance block, bulls exhaustion
possible three inside down
gap tomorrow?
the story weekly with daily are different one another
  • #3,953
  • Jan 10, 2009 8:12pm Jan 10, 2009 8:12pm
Quoting hussin naiji
the story weekly with daily are different one another
i think for the cable , it is subservient to our purpose if look daily candle chart no weekly
  • #3,954
  • Jan 10, 2009 10:19pm Jan 10, 2009 10:19pm
Quoting silverheat
you are doing a great job here, hussin, really appreciate it.
I also agree with you,,, I alway read this Thread as my Routine before I put any position. Thanks Hussin, this thread help and teach "us" much.

My point of view, Cable is more bios to Bull after ret to 1.48XX and continue explod if it past 1.57XX.
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Psychology = Nature = Evolving Forex Market rite?
  • #3,955
  • Jan 11, 2009 8:18am Jan 11, 2009 8:18am
Hello everyone,
I really appreciate this thread and have been following as a guest for some time. I hope to be able to become an active participant from now on. Candle stick analysis along with trend lines, fibs, S+R and some moving averages used as S+R is the way I am trading. I also like the larger time frame analysis as I am unable to day trade. My analysis is done between 9pm and midnight GMT. So please keep up the good work.
Thanks everyone and especially Hussin.
  • #3,956
  • Jan 11, 2009 2:13pm Jan 11, 2009 2:13pm
Silverheat has already posted but I wanted to add my view which agrees with the bearish sentiment.

Will the bearish Harami be proven correct by developing into a three inside down?

Steve Nison wrote; the harami pattern is a small real body which is contained within a prior relatively long real body. "Harami" is an old Japanese word for "pregnant." The harami formation is comparable to the Western inside day. An inside day occurs when the highs and lows are within the prior period's range. The harami pattern predicts that the market will separate from its previous trend and requires a narrow opening and closing range (a small real body) to be within the prior wide opening and closing range (that is, a tall real body).
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  • #3,957
  • Jan 11, 2009 2:25pm Jan 11, 2009 2:25pm
Quoting Dr_Cryonic
I also agree with you,,, I alway read this Thread as my Routine before I put any position. Thanks Hussin, this thread help and teach "us" much.

My point of view, Cable is more bios to Bull after ret to 1.48XX and continue explod if it past 1.57XX.
thanks Dr_cryonic , but i think you must thank from peaches ,and others
  • #3,958
  • Jan 11, 2009 2:27pm Jan 11, 2009 2:27pm
Quoting Stal
Hello everyone,
I really appreciate this thread and have been following as a guest for some time. I hope to be able to become an active participant from now on. Candle stick analysis along with trend lines, fibs, S+R and some moving averages used as S+R is the way I am trading. I also like the larger time frame analysis as I am unable to day trade. My analysis is done between 9pm and midnight GMT. So please keep up the good work.
Thanks everyone and especially Hussin.
and also you must thank form peaches and others
  • #3,959
  • Jan 11, 2009 2:32pm Jan 11, 2009 2:32pm
Quoting priceaction
Silverheat has already posted but I wanted to add my view which agrees with the bearish sentiment.

Will the bearish Harami be proven correct by developing into a three inside down?

[size=2]Steve Nison wrote; [i][color=Gray]the harami pattern is a small real body which is contained within a prior relatively long real body. "Harami" is an old Japanese word for "pregnant." The harami formation is comparable to the Western inside day. An inside day occurs when the highs and lows are within the prior period's range. The harami pattern predicts...
hi dear priceaction
i don't know why? daily candle chart GBPUSD give me view(bearish) but weekly candle chart GBPUSD give me other view (bullish)
  • #3,960
  • Jan 11, 2009 2:35pm Jan 11, 2009 2:35pm
Quoting hussin naiji
hi dear priceaction
i don't know why? daily candle chart GBPUSD give me view(bearish) but weekly candle chart GBPUSD give me other view (bullish)
also in the monthly candle chart GBP LFX ,we can see a bullish harmi pattern .of course we know that harami patterns are with low reliability.
but harami patterns will give power to forming other next patterns
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