FOREX PRO Weekly July 16-20, 2012

[D.R.&Quinch]

he sticks to his written script!
thanks dfor posting this

really enjoying video learning! this is right up my street

 

[minimax]

very very often when NYSE (SPX, DJ & NDQ) ends green actual move continues; at the moment only NDQ is slow

 

[Triantus Shango]

sive, could we not argue in favor of a potential 3-drive sell in progress on H1 with the first 2 drives complete already, and the 3rd drive potentially completing around 2352/62? 2362 being the 38.2% node of the drop from the post EU summit high.

 

[D.R.&Quinch]

sive, could we not argue in favor of a potential 3-drive sell in progress on H1 with the first 2 drives complete already, and the 3rd drive potentially completing around 2352/62? 2362 being the 38.2% node of the drop from the post EU summit high.

at what point would the rise to the third top be called a fail?

 

[minimax]

at what point would the rise to the third top be called a fail?

taking 1H fractal low at 1,2174 (middle one)

3 drives should be very symetrical (number of candles)
count candles
from LL to 1st low = 23
from 1st to 2nd = 26
at the moment it is 18th candle

http://www.fx360.com/documents/GFT-Three-Drive-Bullish.pdf

http://www.fx360.com/documents/GFT-Three-Drive-Bearish.pdf

http://www.babypips.com/school/the-abcd-and-the-three-drive.html

 

[Triantus Shango]

take a look at the attached PDF. all the info you need is in there.

at what point would the rise to the third top be called a fail?

 

[Triantus Shango]

minimax, i noticed you mention fractals quite a lot. might i suggest you read this book by the creator himself of fractal geometry: [h=1]The Misbehavior of Markets: A Fractal View of Financial Turbulence[/h]
http://www.amazon.com/The-Misbehavi...2601087&sr=8-1&keywords=misbehavior+of+market

 

[minimax]

thank you, will read, so far have checked some movies

mandelbrot - YouTube

 

[D.R.&Quinch]

take a look at the attached PDF. all the info you need is in there.

yes i have that doc.
but it does not speak of when it fails, i guess at some fib retracement of
swing up

 

[D.R.&Quinch]

im thinking this is the fail point,of the 3 drive to sell on H1, 61.8 of last swing up.