Recent content by pragmatic

Hi Ochills! The type of action you indicate as Butterfly on Monthly and Weekly is nothing of that sort, in my opinion. The Butterfly, as Sive explained a number of times, is not a drawing. Is a price behavior that indicates the exhaustion of one direction or trend. On GBP there was no...

Quick thought on today SG on Daily EUR: From my limited experience I learned not to trust SG that are forming near an important support/resistance level, such as 38.2 in our case. The most reliable SG are those that forms only based on MACDP. So the price has to challenge only the MACDP line...

CAD I want to share a possible DRPO on CAD. There is 50 Monthly resistance that has not been quite touched so there is a possible second higher top. If it will be a Butterfly on Daily I will try to anticipate and enter short. Sorry, seems that I cannot post charts now. I will do this later...

Maybe you are right and the direction is down but I dont think this is due to the bearish dynamic pressure. As you can see, there are higher highs and higher lows on Daily, so this is in a row with the trend.

61.8 It is just a thought so I wanted to share. It is not very characteristic but maybe ABC to the 61.8 already have happened, so this is a good opportunity to go short ON THE HOURLY 222.

Hello Sive! What do you think of the GBP Double Repo Sell on Daily? I have seen cases when such ugly patterns have worked. Of course, it is not confirmed yet.

I am sorry guys, maybe I missed something in the weekly research. I do not understand what the bullish context is. This is very important for us to understand. Is it only that market is standing above the previous Highs? This is a Bullish context? The price action stopped right at the 3 Drive...

JPY I think JPY is worth the attention. If I corectly understood VOB, we have a trading space to the Weekly VOB target.

Hi everyone! Does somebody know if the indicators for MT4 work on tablets: Android, Windows or Apple. I want to purchase a tablet and I have some indicators for MT4 that I can't trade without: DOSC, MACDP, Exponential MACD. Will they work with the MT4 application if I just copy them?

JPY Hello Sive! Can you give an opinion on JPY? The situation on Weekly chart is going to interfere with the Daily SG? I was long all week but, in the same time I am thinking that it can go down due to VOB and Engulfing on Weekly Chart. Thank you!

VOB Hello Sive! Thank you for the analysis of the two setups, both of EUR and of the JPY. Regarding the JPY, I never have quite understood the VOB setup. Is it a valid VOB on Weekly? Should we look to sell? Thank you!

EUR To me, it looks bearish. It looks like a Bearish wedge (with divergence) consisting of two Butterflies side by side on H4. This is exhausting pattern. We have 61.8 target and the middle of the consolidation as resistance on Daily. So, will see. At least I wont enter long now.

CAD Hello Sive? Can you give an opinion, strictly on DRPO? It would be much appreciated. CAD is at 1.272 target expansion on Weekly and possible triangle breakout. On Daily there is a DRPO but already reached 38.2 on confirmation bar. Is it still possible to trade it on the Short side to...

SG Thank you Sive for the analysis! Actually, on my chart there is a SG on Daily. I don't know... I tried to anticipate it with the double top on 15M chart :). I only put 2 positions because the move up was very strong I will add more, since now there is more confidence with the...

Hi Sive! I totally agree with the bearish view on Weekly time frame. The one thing that I don't understand is how do you determined the target at 1.275 area? The Bearish SG on Weekly already reached the target at 1.2955 in the same bar when it was confirmed. Thank you!