FOREX PRO Weekly April 15-19, 2013

[cosmos]

Trading a double top on the 4-hr EURUSD. Target around 1.3030. Possible double repo sell on daily TF forming.

 

[LeoDvinchi]

I update graph on the dollar index I posted this morning.

wedge breakout in the dollar index with huge volume ( as yesterdays low and cyprus week)

The question is, Is this it?, or do we go back to the uncompleted target 1.3250? Scary to short with an uncompleted target + such a large stop. Perhaps we have an opportunity on the pullback to the broken wedge of the Dollar Index

Unfortunately they left without me

 

[Lolly Tripathy]

WELCOME Leo to our Forex den...

I will present myself,

my nick is Leo (my name is not) and first of all I would like to thank Sive for his work and everyone else who has built and contributed this wonderful site. Special thanks to Sive, who treats all of us with special care.

I'm a automobile designer, so any comment I make has to be put into that context; but I follow closely the markets and I trade often.

 

[georgeta]

Trading a double top on the 4-hr EURUSD. Target around 1.3030. Possible double repo sell on daily TF forming.

It surely is not a DRPO but it could work just as well since it has the same mechanic.

 

[georgeta]

By the way, what an incredible instinct Sive has!!!

 

[Marketjoy Trader]

Maybe RRT on Daily?

It surely is not a DRPO but it could work just as well since it has the same mechanic.

 

[cosmos]

Sive, if this is not double repo sell, then why is it not? It looks like it to me. Please discuss.

It surely is not a DRPO but it could work just as well since it has the same mechanic.

 

[cosmos]

I think this is not RRT, since we had these prices not so long ago.

Maybe RRT on Daily?

 

[Bigbuck]

Hello Sive,

Do you mean the GBP/JPY pair?

 

[Sive Morten]

No, GBP/USD.