FOREX PRO WEEKLY December 16-20, 2013

[ochills]

Hi Ochills. Yes this is correct(at least about weekly, since I do not use daily pivots), except monthly. If Monday is a first business day of the month - you also have to use -1. And shift it to 0 on next day.

You can easily check it. Just plot 1x1 MA with (H+L+C)/3 - it most recent value will be the pivot point for next period. Since pivot is a (H+l+c)/3 of previous trading period. Pivot indicator should show the same value as 1x1 MA (H+L+C)/3

thank you for your quick response on my question u are always there.
Pls Sive you don't sell or organize any training for traders? I will be deeply interested if you organize any.
thanks.

 

[minimax]

Hello

We stopped at 50% pink swing 2-3 and on lower channelline; to me, move down is developing as zigzag so in this week target is zone between 1,3590 & 1,3520.
I expect, in case of reaching 1,3520 in this week, that lots of longs will be closed there.

Good trading!

 

[minimax]

usdjpy

Although yesteradys candle I found this count attractive..price should not exceed 104,79.

Good trading!

 

[minimax]

eurusd

I think euro is nesting high for continuation.

Good trading!





13.54 CET: I think one more leg up and then drop

 

[Triantus Shango]

guys

i wanna talk about u/j, e/j, and g/j.

u/j: looks like a potential double top on H1 and possibly an evening star on daily if daily closes around current levels (12.32 pm EST); also price is right at MPR1 and slightly above WPR1 where it is showing signs of trend exhaustion; on H4,ABCD/OP was hit, and next major RT = 61.8% (monthly) @ 105.27 + ABCD/XOP = 105.36.

e/j: also potential evening star on daily, double top on H4, rejection at WPR1 @ 142.76, but still holding above MPR1 @ 142.14, and price rejected at minor ABCD/XOP = 142.83.

forgot: on weekly, there also is this so-called shark SELL pattern with perfect harmonic numbers.... so... starting to smell more and more like a SELL opportunity in the making, no?

g/j: on daily, deep crab (although it is questionable whether or not it is a valid pattern), price holding above monthly 38.2% fib, also potential evening star, and price stopped before MPR1 @ 171.44 and exactly at WPR2 @ 171.12, and WPR3 @ 172.19 and YPR3 @ 172.40 but we have that monster bullish engulfment candle on daily and don't see much trend exhaustion signs as on e/j--OOOPS!! typo: i meant g/j

what do you think?

 

[Venelin]

guys

i wanna talk about u/j, e/j, and g/j.

u/j: looks like a potential double top on H1 and possibly an evening star on daily if daily closes around current levels (12.32 pm EST); also price is right at MPR1 and slightly above WPR1 where it is showing signs of trend exhaustion; on H4,ABCD/OP was hit, and next major RT = 61.8% (monthly) @ 105.27 + ABCD/XOP = 105.36.

e/j: also potential evening star on daily, double top on H4, rejection at WPR1 @ 142.76, but still holding above MPR1 @ 142.14, and price rejected at minor ABCD/XOP = 142.83.

forgot: on weekly, there also is this so-called shark SELL pattern with perfect harmonic numbers.... so... starting to smell more and more like a SELL opportunity in the making, no?

g/j: on daily, deep crab (although it is questionable whether or not it is a valid pattern), price holding above monthly 38.2% fib, also potential evening star, and price stopped before MPR1 @ 171.44 and exactly at WPR2 @ 171.12, and WPR3 @ 172.19 and YPR3 @ 172.40 but we have that monster bullish engulfment candle on daily and don't see much trend exhaustion signs as on e/j.

what do you think?

E/Y-I am monitoring Daily for DRPO LAL sell

 

[Triantus Shango]

venelin, that would be a close below 141.75, yes? and that would be right around 100 and 200 MA and 61.8% on H1.

 

[Venelin]

venelin, that would be a close below 141.75, yes? and that would be right around 100 and 200 MA and 61.8% on H1.

If today, closing would be below 141.85.Also WPP

 

[Triantus Shango]

thanks. regarding u/j, found this--$28bn in options at NY cut going off tomorrow. 104.50 and 105 being the closest level currently and thus possibly main price attractors. if so, then u/j will keep going up until tomorrow NY cut and next week might be the week when the short side will become very lucrative.

Big option expiry in USD/JPY 19 December 2013 | ForexLive

 

[Triantus Shango]

also for those who wonder what the hell is the NY cut and how FX options affect the SPOT price, here is some intro info: Read article - Forex Article Contest - Dukascopy Community