FOREX PRO WEEKLY October 21-25, 2013
- Thread starter Sive Morten
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SonicYouth
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Main spike got around my first main target. Second target was reached and after 2 or 3 attempts it was broken. Next OSA Fibo (the indicator I am about to introduce to you) resistance levels are 1.38305 / 1.38346.
Let's see how market interacts with them! Let's also see if dailly bar closes above 1.37624.
SonicYouth
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I'm sorry, maybe I am flooding a bit this topic but I really am an enthusiast 
In this image you see the price interaction with my levels. Feel free to tell me if you think this is just pure coincidence or if it seems to you that the market interacts with my levels in a special way.
In this image you see the price interaction with my levels. Feel free to tell me if you think this is just pure coincidence or if it seems to you that the market interacts with my levels in a special way.
I'm sorry, maybe I am flooding a bit this topic but I really am an enthusiast
In this image you see the price interaction with my levels. Feel free to tell me if you think this is just pure coincidence or if it seems to you that the market interacts with my levels in a special way.View attachment 11785
How do you get this levels?
SonicYouth
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I am unemployed so I have much time to think. For the last 3 years I studied 123 patterns and the way fibo levels works with them. I am working on a video to post here so you can learn my method.
123 break? Joe Ross?
Lolly Tripathy
Sergeant Major
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thank you very much sive sir..
i am really very happy..
i am really very happy..
Hello
As Sive stated today it is not for long although spike is possible...
First would like to share big picture: on 6M clearly one wave from 1,2042 bottom, Q shows there was something going on and cooking in the move but no swings yet, M has swings which must be analysed
Weekly: same move up on M from 1,2042 low - two possible structures; I except both for my analysis and in near future will be clear which one will be in play; move down from 1,3711 high = question = phony impulse? = I take it as corrective wave; last move up from 1,2745 low I understand as Zig Zag pattern and can be treated either as normal Zig Zag (left) either as Zig Zag with motive wave as ending diagonal C leg (right); in this moment cannot tell which structure is in play but I am more enthusiastic for second (right) option
Daily (just last leg from 1,3103 low):
- left weekly option,where C leg is growing has 2 possible development on daily = motive wave as either impulse either as ending diagonal
- right weekly option where 3rd wave of ED is growing has to be ZigZag pattern so expected structure is ABC and C can be either impulse either ending diagonal and even double ZigZag could develop (take a look at right previous picture!!)
And here is the catch because both options started development same and soon price action will tell which structure will create following price action and moves. It is time to switch to H4 and H1 and wait if not in trade yet; atm we are in the middle so patience is the most important.
I am sure I have not told everything I intended and would like to but hope enough for now and will be glad to answer to your questions, observations, suggestions,if any (* added).
Good trading!
As Sive stated today it is not for long although spike is possible...
First would like to share big picture: on 6M clearly one wave from 1,2042 bottom, Q shows there was something going on and cooking in the move but no swings yet, M has swings which must be analysed
Weekly: same move up on M from 1,2042 low - two possible structures; I except both for my analysis and in near future will be clear which one will be in play; move down from 1,3711 high = question = phony impulse? = I take it as corrective wave; last move up from 1,2745 low I understand as Zig Zag pattern and can be treated either as normal Zig Zag (left) either as Zig Zag with motive wave as ending diagonal C leg (right); in this moment cannot tell which structure is in play but I am more enthusiastic for second (right) option
Daily (just last leg from 1,3103 low):
- left weekly option,where C leg is growing has 2 possible development on daily = motive wave as either impulse either as ending diagonal
- right weekly option where 3rd wave of ED is growing has to be ZigZag pattern so expected structure is ABC and C can be either impulse either ending diagonal and even double ZigZag could develop (take a look at right previous picture!!)
And here is the catch because both options started development same and soon price action will tell which structure will create following price action and moves. It is time to switch to H4 and H1 and wait if not in trade yet; atm we are in the middle so patience is the most important.
I am sure I have not told everything I intended and would like to but hope enough for now and will be glad to answer to your questions, observations, suggestions,if any (* added).
Good trading!
Last edited:
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