FOREX PRO Weekly April 23-27, 2012

[D.R.&Quinch]

hope u r right Triantus,im long with a stop at 1.311. think thats wide eniough?

 

[D.R.&Quinch]

If I`m reading my Bollinger bands correctly, that last low on H1, although lower on the price axis than the previous low, was inside the lowerBB (unlike the previous low), so relatively speaking, it was a higher low.
hope that was not gibberish!
Mag

 

[Triantus Shango]

not wide enough! i think the options @ 3100 will pull the market to that level before a sizeable bounce kicks in.

hope u r right Triantus,im long with a stop at 1.311. think thats wide eniough?

 

[Triantus Shango]

makes sense to me as i also use BB

however, if you use 17 periods, and 3 std dev, price is still walking the band down (between BB1 and BB2).

they key now is: will it break the last 61.8 @ 3084 but first there is the 200 hourly MA and 100 daily MA to break.

If I`m reading my Bollinger bands correctly, that last low on H1, although lower on the price axis than the previous low, was inside the lowerBB (unlike the previous low), so relatively speaking, it was a higher low.
hope that was not gibberish!
Mag

 

[D.R.&Quinch]

cheers for reply.
I use 12 as the first setting for any charts below 4H. Will check out how 17 fits.
im so nooby i dont really get options and how i can use them as info. If the price got to 1.31 the 4H macd would have become bear ish. Would that make a bounce from there unlikely?

ps. why 17, and do you use other indicators to confirm bollinger signals?
Mag

 

[D.R.&Quinch]

ive closed position as those ma,s u mentioned were made of paper!
-at least on my heavily manipulated charts supplied by finspreads

p.s. should i expect the daily MACD on my chart to have the same reading as sives?
(i think it should be the same but sometimes is not!)
p.p.s. there is cloud support on H4 at 1.3103 (fxstreet/intellichart)

 

[Triantus Shango]

not necessarily. macd line is still > 0 and sometimes it bounces from there regardless of TF.
also, usually when options get triggered there is bounce. but like anything else, it's about probability so keep an eye on divergences on H1 and M15.

i use BB in conjunction w slow stoch, macd, and dpo (detrended price oscillator) all with the same settings dinapoli recommends.

cheers for reply.
I use 12 as the first setting for any charts below 4H. Will check out how 17 fits.
im so nooby i dont really get options and how i can use them as info. If the price got to 1.31 the 4H macd would have become bear ish. Would that make a bounce from there unlikely?

ps. why 17, and do you use other indicators to confirm bollinger signals?
Mag

 

[Triantus Shango]

well... hourly 200 MA and daily 100 MA are still holding. and then there's the TL coming at 3112 or so on H1. and if we trigger options @ 3100 with no bounce, there's the last 61.8% node around 3084 that could provide SPPT. and if not, then we r in bear territory for sure then.

also, if price manages to stay above daily midBB (BB = bollinger bands for those who didn't know) @ 3118, and some pullback above 3175 = 61.8%, then there is chance daily will remain bullish BUT u gotta look out for any harmonic patterns that might be lurking indicating otherwise... etc...

re macd: yes.

as to cloud support, well... it can be as thin as paper ;-)

ive closed position as those ma,s u mentioned were made of paper!
-at least on my heavily manipulated charts supplied by finspreads

p.s. should i expect the daily MACD on my chart to have the same reading as sives?
(i think it should be the same but sometimes is not!)
p.p.s. there is cloud support on H4 at 1.3103 (fxstreet/intellichart)

 

[D.R.&Quinch]

cheers for that reply.
Still figuring out the weakened stoch that DiNapoli writes about!
out of interest, my H1 ma 100= 1.31411
ma200=1.31285 at 14:35gmtime UK

 

[Triantus Shango]

have the same

cheers for that reply.
Still figuring out the weakened stoch that DiNapoli writes about!
out of interest, my H1 ma 100= 1.31411
ma200=1.31285 at 14:35gmtime UK