Euro Forex Pro weekly 19-23 July, 2010

[thetadej]

hi! Sive Morten

I want to inform u somebody constantly is copying your posts to other forex pages..maybe is with your permison, i dont know...nevermind, your analysis are were useful with a lot of knowledge...perfect teacher...tnx... p.s.(meaning of XOP abbreviation is what exactly?)

KOTAKASU FOREX: Euro Forex Pro weekly 19-23 July, 2010

 

[madelaine toth]

Sive i looked in the glossary and did not find any of these abbreviations anywhere else i can look them up?:unhappy:

 

[Ghazali]

Sorry

Hi, madelaine toth,
just look into Glossary...

P.S.
to Vitalie and Ghazali
Heh, What I've told you guys?

Hi sive, Actually myself i don't understand that good in this terms, just understood obscurely. The reason I never ask you in detail about this terms because im in a plan to buy Joe Dinapoli book and read it and will refer to you if I don't understand. I wanna start from Std.1 Sive, even right now im just make myself understand the outline of your analysis. If things that I knew people asking 1000 times also i don't bother to explain because it can help me to remember and understand those things much deeper in my mind.

Sorry sive, Im unable to help in this but for sure I will help people around here with stuff that i knows better.

 

[wymsea]

Hi Sive,
Thank you analysis ,is very good!!!

 

[Sive Morten]

I want to inform u somebody constantly is copying your posts to other forex pages..maybe is with your permison, i dont know...nevermind, your analysis are were useful with a lot of knowledge...perfect teacher...tnx... p.s.(meaning of XOP abbreviation is what exactly?)

KOTAKASU FOREX: Euro Forex Pro weekly 19-23 July, 2010

Thetadej, thanx,
I already have informed FPA about this.

Sive i looked in the glossary and did not find any of these abbreviations anywhere else i can look them up?:unhappy:

Ok, medalaine, let's go through glossary together...

"COP: Contraction Objective Point – 0.618 Fib expansion from A-B price move (usually marked on chart), that starts from C-point.

OP: Objective Point – 1.0 Fib expansion from A-B price move (usually marked on chart), that starts from C-point.

XOP: Extended Objective Point – 1.618 Fib expansion from A-B price move (usually marked on chart), that starts from C-point."

K: Confluence area – combination of 0.618 and 0.382 Fib nodes in relatively tight area. Obvious that 0.618 and 0.382 Fib nodes are based on different Fib reactions.

There is no H&S in Glossary - this is Head&Shoulder reverse pattern.

Hi sive, Actually myself i don't understand that good in this terms, just understood obscurely. The reason I never ask you in detail about this terms because im in a plan to buy Joe Dinapoli book and read it and will refer to you if I don't understand. I wanna start from Std.1 Sive, even right now im just make myself understand the outline of your analysis. If things that I knew people asking 1000 times also i don't bother to explain because it can help me to remember and understand those things much deeper in my mind.
Sorry sive, Im unable to help in this but for sure I will help people around here with stuff that i knows better.

That's why I didn't make Glossary first, because it still leaves a lot of question. At the same time I can't make a very detail Glossary - to re-write book here will be simplier. From the other side - all people who follows my analysis for some time - understand about 80-90%. In reality it's not so sophisticated. To my mind...

 

[Ghazali]

Done!

Hi Sive,

I have copied your explanation about the terms(OP,XOP etc) which you given to medalaine. So if anyone ask here again about it and if at that moment Im here means sure i will post it.

I understood your analysis about 80% sive, another 20% I must get the book and read it. So then I will be having full understand(hope so ). Anyhow Your analysis here is priceless diamond.

Thanks alot Sive.

Regards,

Ghazali

 

[Recruit Dorell]

Hello

Thanks Sive, you are the man!
Max

 

[luedama]

Thanks a lot for your complete view, Sive.

 

[Sive Morten]

EUR/USD Update, Tue 20, July

Good morning,

Although yesterday pair has shown retracement to 1.2890, I expected a bit deeper one. During last 3 days market just coiling and does not budge near overbought level.
Today overbought price is 1.3069 and it makes me think that market should show some move up, possibly this move will be right to XOP and it will be short-term, something in style of W&R or RRT.
Look at 4-hour chart. Trend turns to bearish, but price action is not. It means that previous highs could be taken out in nearest future. BTW, today is a Real estate macro data. The potential target for upmove - 4 hour OP at 1.3090 area that coinsides with 1.618 expansion of current consolidation and daily overbought area. We can't exclude move to daily XOP also, cause it very close to this. THat's being said no sell for now, at least I do not see any Sell signal. I expect that previous highs will be taken out.

Also I want to share with you excellent possibility for enter long in daily USD/CHF. Look at daily chart -we have my favorite DRPO pattern - close below 3x3, then close above and making new highs - that's important. We will receive confirmation today if market will close below 3x3.
My chart is CHF/USD not USD/CHF. On your chart - this is a Buy DRPO.
That's being said - if market will close above 3x3 (For USD/CHF) - enter long with s/l below 0.618 retracement of previous lows and confirmation bar. Move can be very strong
Good luck.

 

[rasto007]

Dynamic pressure

Sive, you have mentioned in the previous post that the 4H trend has changed to bearish based on MACDp/price cross, but the price did not go down.

I suppose that is what some people call high dynamic pressure. Can you tell us more about application of this phenomenon? Is it expected that the rally up will be at the next MACD cross up or just anytime? what are som other applications?

Thanks,

Rasto