FOREX PRO Weekly December 05-09, 2011

[Damian1987]

Thx Sive for your input. For today's trading session I will be paying attention to 1,3470 area. there's 4-hour OP + 1-hour OP +.618 = Agreement in this area.If that level holds I like to sell using "minesweeper" entry technique on 5 or 15-min time frame. (for those who dont know, minesweeper technique is a Dinapoli strategy to enter trade's at important D-levels, you wait for a D-level to hold..then you wait for pullback...then you get in . Good day everybody.

 

[georgeta]

message to Venelin

Hi Venelin!
You asked me for the MACDP in private. I send you a message about that so if you are interested please reply.
Good trading!

 

[Venelin]

Thank you,Georgeta !

 

[Asaju Pro]

hello sive, what happens if the ECB leaves the interest rate unchanged?

 

[Triantus Shango]

thanks sive and damian. you give me a lot of food for thought.

 

[rashidin5178]

Guys,

H4 turn to bearish again. Market indecision. But watch out for possible trendline breakout - projection from Nov., 25th! OP at 1.3301 on H4.

Thanks and Best Regards

 

[Triantus Shango]

Guys,

H4 turn to bearish again. Market indecision. But watch out for possible trendline breakout - projection from Nov., 25th! OP at 1.3301 on H4.

Thanks and Best Regards

thanks. have a feeling it's going to be epic in the next 24 hrs.

 

[Triantus Shango]

godammit!! i was right yesterday! can you guess why i am swearing? just watched the market zoom past and did nothing! jesus but it was fast.

 

[Damian1987]

update:

So guys, I hope somebody has profit with these huge move. Personally I was sleeping so I left my sell order at 1,3465 . But if you where awake , then you would have seen a new hourly ABCD after hitting .618 downward retracement at 1,3380 with 100% target at 1,3458. Market nailed that level and fell apart. Now it's standing at major 4-hour ABCD COP. We can expect some retracement but not much since market has a lot of downward momentum. I reckon if market manages to close during three to four 4-hour periods below 1,3342 then we are on our way to 1,3260 area with weekly pivot support 1, 1.00 extension and previous low. I ain't good at predicting after huge moves have taken place so take my words as my personal opinion and/or for educational purposes not as a buy/sell advise.

 

[rashidin5178]

I got stopped at the beginning of the press conference. My PO doesn't trigger. What an unlucky day!

Thanks and Best Regards