European Forex Professional Weekly 2010-02-04

[Sive Morten]

Hm, may be.... It's a bit difficult to me operate with just your numbers. But I remember the bounds of OscPredictor in CQG... There was an OS definitely.
I'll post the chart on Monday.

 

[Sive Morten]

Hi, Sentinel
Here is the Gold. We have daily OS condition just above weekly Confluence support.
So, I think that there will be a possibility to enter short once again somewhere around 1083-1088.

 

[Sentinel]

Hi, Sentinel
Here is the Gold. We have daily OS condition just above weekly Confluence support.
So, I think that there will be a possibility to enter short once again somewhere around 1083-1088.

Since I already have some open positions, I will prefer short if it reachs 1093-1096 confluence which is 0.618 retrace of latest decline. (Also OP agreement)

 

[Sive Morten]

I'm long on EUR/USD now for short-term. It's possible, that we will touch 1.3740 area.

 

[Sive Morten]

1.3740 was reached

 

[Sentinel]

Looks like the Gold market Wash&Rinsed the daily agreement level 1073-1075.

 

[Sive Morten]

Hi, Sentinel,
As for me, I do not see any W&R and have some feelings that gold will reach it usual 0.618 retracement at OP=1091. I will watch for signs of reversion in this area.

 

[Sentinel]

Yeah.. It seems that I am a little bit hasty giving this decision.

By the way, Daily DEMA is about to turn bullish..

 

[Sive Morten]

Yeah.. It seems that I am a little bit hasty giving this decision.

Not necesary Sentinel,
I can't be always right. I just share with you with my thoughts. May be you're right, and market will not reach 1091. It also possible...

All that I 've said is not a rule of thumb. I also make mistakes (just look at my FPA demo).

Concerning Gold - first, there is a stop grabber at 2-hour, so it can reach 1074 level. Second - looks like 1083 is a holding level. If there will be W&R of 1083 - possibly that will it... and not 1091. We should act according to circumstances...

BTW Here is another example of stop grabber trade (my latest trade on demo)
Hourly EUR/USD

 

[Sentinel]

Concerning Gold - first, there is a stop grabber at 2-hour, so it can reach 1074 level. Second - looks like 1083 is a holding level. If there will be W&R of 1083 - possibly that will it... and not 1091. We should act according to circumstances...

BTW Here is another example of stop grabber trade (my latest trade on demo)
Hourly EUR/USD

Dear Sive,

I am unable to replicate this scenario on my Metatrader since my DEMA and Detrended Oscillators are different. Could you please do me a favor and send me the indicator files seen on your chart if they are free of licences?