FOREX PRO Weekly May 28 - June 01, 2012

[Synchronicity]

I have reposted this post our good colleague onkeous who is based in Greece as he had posted it on the daily video part which not everyone reads..
<<--CUT-->>

Asif

Thanks for posting this - it really does make sober reading.
It also illustrates why I only trade on chart analysis and pay only high level attention to fundamentals. I simply can't get my head around the impact of all the double dealing that goes on.

All the best

Michael

 

[Triantus Shango]

most definitely. but till the right wing isn't complete, we might just get another AB=CD pattern.

Is this recognisable as a potential bearish butterfly on 1 hr.

Does anyone think it has a chance? 1.618 extension is at around 1.27 - the figure we're looking for.

View attachment 5520

 

[Lolly Tripathy]

Triantus Shango is it okey???
need a quick reply...

 

[papao]

@lolly: this is good one...there is also a smaller butterfly "buy" on h1 (can you find it out? )...the 161.8 target of the smaller butterfly is near the 127.2 target of the bigger one...

 

[squidge42]

most definitely. but till the right wing isn't complete, we might just get another AB=CD pattern.

ha...which of course we did.......

 

[Sive Morten]

View attachment 5519
dnt knw real one or wrng one???
may be my bfly wil fly away..

Hi Lolly
Green is OK, and it's probably has reached target by now. Pink is "222" Sell.

 

[Asif Riaz]

EUR/USD Daily Update, Tue 29, May 2012

Thank you very much dear Sive Morten, you always made analysis very simple, and true. Your analysis is priceless and precious.

 

[Triantus Shango]

sorry was busy.... short answer is: why not? and mr market has been confirming. so now questions are: will the butterfly fail or not? and if not, where from will the bounce start: OP or XOP?

View attachment 5522
Triantus Shango is it okey???
need a quick reply...

 

[Lolly Tripathy]

Hi Lolly
Green is OK, and it's probably has reached target by now. Pink is "222" Sell.

thank you 4d reply sive sir...

 

[squidge42]

My trade plan for today:

There's a potential Butterfly sell on 15m; if it completes at around 1.25 then sell into that at top of the wedge...

comment welcomed


=======fail haha