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Daily candle chart

  • #7,521
  • May 3, 2009 3:22pm May 3, 2009 3:22pm
Quoting Bones
My original thought was that the LFX was a basket ,but I now realize it is not since we can multiply and divide 2 LFXs to get a target on the FX just like the calculation for the cross pairs.

Hi,

for calculation on usd/lfx index please visit:

http://forextask.com/index.php?showt...=400&#entry400
  • #7,522
  • May 3, 2009 3:27pm May 3, 2009 3:27pm
Hi Peter you think the pattern is closer to a mat hold which is even more bullish than the rising 3 ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,523
  • May 3, 2009 3:32pm May 3, 2009 3:32pm
Hey thanks thats very intresting

Quoting peaches
Hi,

for calculation on usd/lfx index please visit:

http://forextask.com/index.php?showt...=400&#entry400
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,524
  • May 3, 2009 3:37pm May 3, 2009 3:37pm
Quoting peaches
Hi,

for calculation on usd/lfx index please visit:

http://forextask.com/index.php?showt...=400&#entry400
hi Peter
or
USDLFX = ((USDCHF * USDJPY * USDCAD) / (EURUSD * GBPUSD * AUDUSD*NZDUSD))^(1/8)
  • #7,525
  • May 3, 2009 3:42pm May 3, 2009 3:42pm
Quoting peaches
Hi,

for calculation on usd/lfx index please visit:

http://forextask.com/index.php?showt...=400&#entry400
so it is a basket, sort of, and we can get targets since when dividing xLFX by yLFX, all the noninteresting currency pairs will cancel each other out, i.e., GU/GU = 1.
  • #7,526
  • May 3, 2009 3:47pm May 3, 2009 3:47pm
Quoting hussin naiji
hi Peter
or
USDLFX = ((USDCHF * USDJPY * USDCAD) / (EURUSD * GBPUSD * AUDUSD*NZDUSD))^(1/8)
but this is very importabt for you when if you like trade a cross pair for example GBPAUD, you must analysis GBPUSD with AUDUSD with GBPAUD.
in fact 3 chart.
but LFX give to you high power with 2 chart
GBP LFX with AUD LFX
also you can see USD LFX for help but in second degree
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...
  • #7,527
  • May 3, 2009 3:51pm May 3, 2009 3:51pm
Quoting silverheat
do you mean the liteforex LFX (=liteforex index) countercurrency?
its just a proxy for each single major to all other majors, like, for instances, the $USD, $XEU, ... which is the dollar/euro/... against a weighted basket of other currencies, or the imfs SDR see http://www.imf.org/external/np/exr/facts/sdr.htm
hi silverheat
thanks 4 your post
  • #7,528
  • May 3, 2009 4:00pm May 3, 2009 4:00pm
for weekly candle chart GBP LFX
now we can see a bottom for this index. bull camp has shown us by a bullish reversal pattern in the past weeks ,we can easily see above 3.0 in the next time
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  • #7,529
  • May 3, 2009 4:04pm May 3, 2009 4:04pm
Quoting hussin naiji
for weekly candle chart GBP LFX
now we can see a bottom for this index. bull camp has shown us by a bullish reversal pattern in the past weeks ,we can easily see above 3.0 in the next time
for monthly candle chart GBP LFX ,the chance is with bull camp
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  • #7,530
  • May 3, 2009 4:09pm May 3, 2009 4:09pm
Quoting hussin naiji
for monthly candle chart GBP LFX ,the chance is with bull camp
  • #7,531
  • May 3, 2009 4:10pm May 3, 2009 4:10pm
Quoting hussin naiji
for monthly candle chart GBP LFX ,the chance is with bull camp
if you look to your monthly candle chart GBPUSD.you can see a good work by a high wave. a alert for end downtrend by bull camp
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  • #7,532
  • May 3, 2009 4:21pm May 3, 2009 4:21pm
Quoting hussin naiji
if you look to your monthly candle chart GBPUSD.you can see a good work by a high wave. a alert for end downtrend by bull camp
of course we have seen a high wave in the past months but this alert has aborted by a window (downgap)
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  • #7,533
  • May 3, 2009 4:30pm May 3, 2009 4:30pm
Quoting hussin naiji
of course we have seen a high wave in the past months but this alert has aborted by a window (downgap)
generally appearance dojis (long legged doji-high wave-star-....)in sensitive zone is a signal for reversal
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  • #7,534
  • May 4, 2009 3:32am May 4, 2009 3:32am
Quoting Bones
Hi Peter you think the pattern is closer to a mat hold which is even more bullish than the rising 3 ?
Hi,

I was looking closer to the pattern, for a mat hold there should be an upward gap between the first and the second candle. This is missing on weekly lfx/jpy. But however, I think in forex, patterns often are not perfect, so I think this is a bullish continuation pattern.
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  • #7,535
  • May 4, 2009 2:13pm May 4, 2009 2:13pm
Quoting hussin naiji
for monthly canlde chart USD LFX
we have seen a truth bearish 3 outside down for previous month.
this pattern show to me a forming identical 3 crows bearish for this month
Hi Hussin.
Nice to read you again.
As a candlestick beginner, Im just scratching the whole knowledge in this fascinating item, and so Im plenty of doubts while reading the post. I know there is some latitude in the FX market with candlesticks patterns, but I ask myself, what degree of latitude is right or if there is some book of candlesticks specific for FX market (againd )
I will be gratefull if you or your contributors enlight my darkness doubts... so here I go with Post 7499:

Thanks in advance

Pd. If its not appropiate my post here, please say it to me for delete them
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"Even A Thousand Mile Journey Begins with the First Step"
  • #7,536
  • May 4, 2009 2:15pm May 4, 2009 2:15pm
Quite a nice example of bearish on the neck
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,537
  • May 4, 2009 2:16pm May 4, 2009 2:16pm
Following my darkness...
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"Even A Thousand Mile Journey Begins with the First Step"
  • #7,538
  • May 4, 2009 2:32pm May 4, 2009 2:32pm
On the darkness crossroad...
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"Even A Thousand Mile Journey Begins with the First Step"
  • #7,539
  • May 4, 2009 2:34pm May 4, 2009 2:34pm
Hoping to see the ligth:nerd:

Thanks for your patience
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"Even A Thousand Mile Journey Begins with the First Step"
  • #7,540
  • May 4, 2009 3:45pm May 4, 2009 3:45pm
Quoting Bones
Quite a nice example of bearish on the neck
$ is looking quite bearish now, at time of writing, it seems as if we're going to get a close below last week's low.

GBPLFX looks interesting. On the daily we have a bearish harami, closing under resistance. I'd like to see confirmation though, given the low volume day we have had.
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