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FOREX PRO Weekly April 23-27, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Apr 21, 2012.

  1. D.R.&Quinch

    D.R.&Quinch Sergeant

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    hope u r right Triantus,im long with a stop at 1.311. think thats wide eniough?
     
  2. D.R.&Quinch

    D.R.&Quinch Sergeant

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    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
     
  3. Triantus Shango

    Triantus Shango Sergeant Major

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

     
  4. Triantus Shango

    Triantus Shango Sergeant Major

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    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.


     
  5. D.R.&Quinch

    D.R.&Quinch Sergeant

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    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
     
  6. D.R.&Quinch

    D.R.&Quinch Sergeant

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    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)
     
    #26 D.R.&Quinch, Apr 23, 2012
    Last edited: Apr 23, 2012
  7. Triantus Shango

    Triantus Shango Sergeant Major

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    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.

     
  8. Triantus Shango

    Triantus Shango Sergeant Major

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    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 ;-)

     
  9. D.R.&Quinch

    D.R.&Quinch Sergeant

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    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
     
    #29 D.R.&Quinch, Apr 23, 2012
    Last edited: Apr 23, 2012
  10. Triantus Shango

    Triantus Shango Sergeant Major

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    have the same

     

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