FOREX PRO Weekly August 29-September 02, 2011

[rashidin5178]

Hi Sive,

Thanks a lot for your kind effort, Sir.

One question, how strong actually monthly pivot cause usually (if I not mistaken) market not really respect to monthly pivot compared to weekly pivot.

Thanks and Best Regards.

 

[Triantus Shango]

sive

i've been watching the USD/INX and it looks like it is poised to drop significantly. what's your take? what does your analysis indicate re. the USD/INX?

as always, thanks.

 

[Damian1987]

Good morning everybody!!

Thx for sharing your view Sive.

Apart from the possible 4 hour DRPO buy that could lead to a retracement I see a butterfly buy on the 1 hour chart. both 1.27 and 1,68 take profit targets agree with the levels discussed on the research.

ONE QUESTION SIVE: As you said on the video, yesterday market has reached 1.27 extension target (1.4260) of the butterfly sell that completed 3 days ago. my question is why have we always spoken about 1.27 as a target and not 1.618. Is 1.27 the more probable or tipical take profit level for a butterfly???

 

[Sive Morten]

Here is nice butterfly 1.27 Buy on hourly chart...
Let's see...

 

[Damian1987]

Entry pattern for this 1 hour butterfly buy could be this 5 min head and shoulders, right? I do not expect to have an immeadiate answer (i don't care if I miss the trade) but I've been having problems in my entry technique thanks for your help Sive.!!!!

The idea would have been to enter on the lows of the left shoulder.

Edit: The idea would have been to enter on the lows of the RIGHT shoulder. *

 

[Triantus Shango]

well... here we go... mr market respects nothing! i can officially declare i do not understand him. terrible NFP and yet they buy USD! the world makes no sense. however, if QE3 will be priced in, then dare i hope for further USD debasement and a bounce back of the EUR above the 4300 level? setting my T/P @ 4331. alea jacta est.

 

[Jyotiprakash Pal]

well... here we go... mr market respects nothing! i can officially declare i do not understand him. terrible NFP and yet they buy USD! the world makes no sense.

:unhappy::unhappy::unhappy::unhappy::unhappy:

 

[Sive Morten]

Good morning everybody!!

Thx for sharing your view Sive.

Apart from the possible 4 hour DRPO buy that could lead to a retracement I see a butterfly buy on the 1 hour chart. both 1.27 and 1,68 take profit targets agree with the levels discussed on the research.

ONE QUESTION SIVE: As you said on the video, yesterday market has reached 1.27 extension target (1.4260) of the butterfly sell that completed 3 days ago. my question is why have we always spoken about 1.27 as a target and not 1.618. Is 1.27 the more probable or tipical take profit level for a butterfly???

Hi Damian,
we speak about 1.27, since it just closer and agree with strong support. But, you're right - 1.618 is prefferable level.

Entry pattern for this 1 hour butterfly buy could be this 5 min head and shoulders, right? I do not expect to have an immeadiate answer (i don't care if I miss the trade) but I've been having problems in my entry technique thanks for your help Sive.!!!!

The idea would have been to enter on the lows of the left shoulder.

Edit: The idea would have been to enter on the lows of the RIGHT shoulder. *

Yes, this is one of the approaches to trade patterns. But I prefer to look at it abit vice versa - so that classical patterns include harmonic.
When we will relsease Chapters in FMS dedicated to trading harmonic and classical patterns - you will able to read about their trading and how to compound them. But, may be you already know this...

In general, you're right - compounding and combination of patterns have a great importance, since this significantly increase the probability of success.

 

[Amanda_pips]

very good analysis

 

[alkis]

Where is the new analysis? (5 to 9 September)

Hi Sive,

Am I the only one who can't find the new analysis?

Please help me.

With best regards

Alkis