FOREX PRO Weekly May 21-25, 2012

[ManuelAF]

First of all thank you for you clear analysis

As I'm new I have a simple question, if 1.29 is a good place to enter short, where do you think we should place our SL? above the next fib level? 1.3038?

Thank you

 

[Triantus Shango]

sive, is it correct if i answer above K-area and agreement, i.e. above 2900-2923 on H4. but since there is a fib ext 127.2 @ 2944, maybe above that too?

First of all thank you for you clear analysis

As I'm new I have a simple question, if 1.29 is a good place to enter short, where do you think we should place our SL? above the next fib level? 1.3038?

Thank you

 

[Sive Morten]

sive, where is your A-B-C point on H1? i drew two fib ext and don't get 127.2 at the same level as yours.

Hi Triantus - initial swing down inside of Wedge = 1.2813/1.2725

First of all thank you for you clear analysis

As I'm new I have a simple question, if 1.29 is a good place to enter short, where do you think we should place our SL? above the next fib level? 1.3038?

Thank you

sive, is it correct if i answer above K-area and agreement, i.e. above 2900-2923 on H4. but since there is a fib ext 127.2 @ 2944, maybe above that too?

Well, I guess, around 1.2960-1.2970 - above K-resistance, WPR1 should be OK. Then move to b/e after 40-50 pips in our favor.

 

[seedof]

Sive is fib studies okay for metals like gold considering the extreme volatility

 

[h0rked]

Hello Seedof, If Mr.Sive allows me ,
I use fib studies in Gold and it's working like charm ... Also Always checking silver,oil and others and still working very good .. You just need some good money management and you will be fine.

Sive is fib studies okay for metals like gold considering the extreme volatility

 

[pragmatic]

Hello Sive!
I see that you are taking into consideration the possibility of DRPO on Daily. Reaching of first 38.2 resistance isn't an obstacle? Can we still treat the pattern as DRPO?
Thank you!

 

[Sive Morten]

Hello Sive!
I see that you are taking into consideration the possibility of DRPO on Daily. Reaching of first 38.2 resistance isn't an obstacle? Can we still treat the pattern as DRPO?
Thank you!

Hi Pragmatic,
since this is one of the hidden levels and if market will create a new low - some kind of W&R on daily/weekly, this DRPO will be acceptable. Besides, if there will be W&R we could try to anticipate it by trading of some reversal pattern, that will become W&R foundation, for instance bullish engulfing on daily.

 

[ochills]

Thanks as usual for your response, this is one of the nuances you always mention in forex military school.
But pls my second question has not been answer am asking this question becos in Dinapoli he mention that he uses Stochastic to know the weak player activities in the market and he use it to know when to buy deep or sell rally.
the question again is what indicator do you use to determine when to buy deep or sell rally? or you wait for retracement at a crucial level just like your explanation in this week analysis.
thanks as usual.

 

[Lolly Tripathy]

1hr time frame

 

[adman]

Sive, do you know roughly what price level the green 3x3 MA will be today, May 22, 2012? Perhaps around 1.2720?