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Daily candle chart

  • #10,821
  • Dec 9, 2010 1:13pm Dec 9, 2010 1:13pm
bullish abondoned baby pattern(weekly candle chart JPYLFX)now
  • #10,822
  • Dec 9, 2010 1:14pm Dec 9, 2010 1:14pm
bearish hanging man pattern defective.(weekly candle chart CHFLFX)now
  • #10,823
  • Dec 9, 2010 1:19pm Dec 9, 2010 1:19pm
unclear (weekly candle chart GBPLFX )now
  • #10,824
  • Dec 9, 2010 1:33pm Dec 9, 2010 1:33pm
new changes of LFX
  • #10,825
  • Dec 9, 2010 1:33pm Dec 9, 2010 1:33pm
Quoting hussin naiji
bearish in neck pattern + confirmation (weekly candle chart EURLFX)now
Hi, when you say EURLFX what does that stand for? EUR/USD or all pairs related to EUR??

i read the following on start of thread but not entirely sure the meaning:

To pick the direction of one currency the lite forex is good. Lite forex represent a currency and its relationship against the basked of other currencys. So if you get lfxeur up and lfxusd down, you get the eur/usd up

&

Originally Posted by hussin naiji http://www.forexfactory.com/images/buttons/viewpost.gif
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...

I understand the charts and what you are referring to ie: DAILY & WEEKLY candles, although learning the many candles is an art in itself and while take me time to understand.

i have attached a screenshot, can you confirm i am understanding you right? ie: SELL On EUR/USD as of now 1.3223.

On another note if you are referring to EUR/USD, then AUD/USD & GBP/USD seem to follow in tandem so should be a short (SELL) on all 3 pairs right?

Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.JPG Size: 77 KB
  • #10,826
  • Dec 9, 2010 1:35pm Dec 9, 2010 1:35pm
candles show us 1.7040 4 USDLFX
2.6680 4 GBPLFX
=1.5660
  • #10,827
  • Dec 9, 2010 1:43pm Dec 9, 2010 1:43pm
Quoting gh0stjpy
Hi, when you say EURLFX what does that stand for? EUR/USD or all pairs related to EUR??

i read the following on start of thread but not entirely sure the meaning:

To pick the direction of one currency the lite forex is good. Lite forex represent a currency and its relationship against the basked of other currencys. So if you get lfxeur up and lfxusd down, you get the eur/usd up

&

Originally Posted by hussin naiji http://www.forexfactory.com/images/buttons/viewpost.gif...
you can read my post no 10796 pls
also i can not give you signal but you can use by candlestick patterns 4 Determination trend
best regards
Hussin
  • #10,828
  • Dec 9, 2010 1:47pm Dec 9, 2010 1:47pm
Quoting hussin naiji
candles show us 1.7040 4 usdlfx
2.6680 4 gbplfx
=1.5660
4 eurlfx 2.226
= 1.3060
  • #10,829
  • Dec 9, 2010 1:48pm Dec 9, 2010 1:48pm
4 AUDLFX 1.6620
=.9750
  • #10,830
  • Dec 9, 2010 1:49pm Dec 9, 2010 1:49pm
4 CHFLFX 1.72
=.9910
  • #10,831
  • Dec 9, 2010 2:24pm Dec 9, 2010 2:24pm
Quoting gh0stjpy
Hi, when you say EURLFX what does that stand for? EUR/USD or all pairs related to EUR??

i read the following on start of thread but not entirely sure the meaning:

To pick the direction of one currency the lite forex is good. Lite forex represent a currency and its relationship against the basked of other currencys. So if you get lfxeur up and lfxusd down, you get the eur/usd up

&

Originally Posted by hussin naiji http://www.forexfactory.com/images/buttons/viewpost.gif...
you can download the lfx charts here

http://www.liteforex.org/

if you will read the thread you will understand. start from page one and work through the thread
Don't chase the market, Let the market come to you
  • #10,832
  • Dec 9, 2010 2:29pm Dec 9, 2010 2:29pm
Quoting gh0stjpy
Hi, when you say EURLFX what does that stand for? EUR/USD or all pairs related to EUR??

i read the following on start of thread but not entirely sure the meaning:

To pick the direction of one currency the lite forex is good. Lite forex represent a currency and its relationship against the basked of other currencys. So if you get lfxeur up and lfxusd down, you get the eur/usd up

&

Originally Posted by hussin naiji http://www.forexfactory.com/images/buttons/viewpost.gif...
Quote
On another note if you are referring to EUR/USD, then AUD/USD & GBP/USD seem to follow in tandem so should be a short (SELL) on all 3 pairs right?

this is not always the case, they go in complete opposite directions many time. you need to look at one pair at a time

again I suggest you take the time to read the thread, it will answer all these question and make it easier for you.
Don't chase the market, Let the market come to you
  • #10,833
  • Dec 9, 2010 3:05pm Dec 9, 2010 3:05pm
Quoting Tmac
this is not always the case, they go in complete opposite directions many time. you need to look at one pair at a time

again I suggest you take the time to read the thread, it will answer all these question and make it easier for you.
hi Tom thanks 4 your explanation.
Hussin
  • #10,834
  • Dec 9, 2010 3:30pm Dec 9, 2010 3:30pm
Quoting hussin naiji
hi Tom thanks 4 your explanation.
Hussin
just like it use to be
Don't chase the market, Let the market come to you
  • #10,835
  • Dec 9, 2010 4:20pm Dec 9, 2010 4:20pm
Quoting Tmac
this is not always the case, they go in complete opposite directions many time. you need to look at one pair at a time

again I suggest you take the time to read the thread, it will answer all these question and make it easier for you.
Thanks Tmac, i think this gonna take a while to get my head round it lol!
  • #10,836
  • Dec 10, 2010 11:10am Dec 10, 2010 11:10am
Quoting gh0stjpy
Thanks Tmac, i think this gonna take a while to get my head round it lol!
but well worth the education it will give you
Don't chase the market, Let the market come to you
  • #10,837
  • Dec 10, 2010 4:56pm Dec 10, 2010 4:56pm
Week started with D1 Harami -Doji ,it was clear it would not break up hammer ,pull back ,pivot -tl taken target looks good

Quoting Bones
Got a break early on which printed a very nice doji ,but no break and T|L held well ,price basically moved as expected ,my plan was to sell around 1.3 on D1 price action and I think we will get around there ,only will have to be good
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzd lfx d1 10-12-10 no.gif Size: 24 KB
Click to Enlarge Name: nzd lfx w1 10-12-10 no.gif Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #10,838
  • Dec 10, 2010 5:19pm Dec 10, 2010 5:19pm
Tl was indeed good thanks Hussin

Quoting Bones
Yes Hussin that is intresting
looks bullish with harami off that TL 2.1 would be nice to go
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP-NZD W1 10-12-10.gif Size: 14 KB
Click to Enlarge Name: gbp -nzd d1 10-12-10.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #10,839
  • Edited 11:37am Dec 12, 2010 10:35am | Edited 11:37am
I would agree pull back to pivot close Friday on old swing high , Doji s indecision for up ,negative candles also sellers
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-USD W1 12-DEC-10.png Size: 9 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #10,840
  • Dec 12, 2010 11:21am Dec 12, 2010 11:21am
usd-lfx I think is still bullish
Attached Image (click to enlarge)
Click to Enlarge Name: usd-lfx w1 12-dec.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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