FOREX PRO Weekly January 21-25, 2013

[BeeKay8]

Seems like we have bullish stop grabber too so we have contradicting patterns right now.

Will it be the daily bearish dynamic pressure that prevails or the daily bullish stop grabber?

Hopefully Sive's analysis tonight will clear things up for me. I am confused and not sure what to do right now.

Currently with this bearish dynamic pressure on the daily makes me skeptical about longing based on SG pattern............

 

[Sive Morten]

Seems like we have bullish stop grabber too so we have contradicting patterns right now.

Will it be the daily bearish dynamic pressure that prevails or the daily bullish stop grabber?

Hopefully Sive's analysis tonight will clear things up for me. I am confused and not sure what to do right now.

Currently with this bearish dynamic pressure on the daily makes me skeptical about longing based on SG pattern............

Hi Brandon,
This is probably not a bearish pressure on daily. When pressure forms market should form extremes with this direction. For example, when bullish DP forms, market should create higher lows. That was very good example of DP on AUD in our Forex Military School...
Anyway, if downward breakout will follow - that will not be due DP, at my mind.
Overall price action looks not very attractive - look for today's update.

 

[BeeKay8]

Thanks, Sive!

 

[pragmatic]

Hello Sive!

What do you think about 222 Buy on Daily/H4? This could also be Ooops or false break-out of H4 triangle.

 

[Sive Morten]

Hello Sive!

What do you think about 222 Buy on Daily/H4? This could also be Ooops or false break-out of H4 triangle.

Hi Pragmatic,

this is poor AB-CD at my taste - too deep BC leg, finish point is compromized by spikes. May be on 15-min chart it looks better, but here - this is just a triangle. That's my HO.
For Ooops! we need K-support right below triangle...

 

[BeeKay8]

Seems like market has cancelled daily SG but not Butterfly on H4. Could this be another SG on both the daily and H4?

 

[Ghandi1]

Seems like market has cancelled daily SG but not Butterfly on H4. Could this be another SG on both the daily and H4?

That is a question I have. The yesterdays SG has been erased, but if we close today above the MACDP it must count as a SG as well?

 

[BeeKay8]

That is a question I have. The yesterdays SG has been erased, but if we close today above the MACDP it must count as a SG as well?

Well because this CURRENT daily bar (if it closes above MACDP) will also be counted as a SG so basically we will have two SGs side by side. Please correct me if I am wrong.

In this case we need a close ABOVE 1.3330...

 

[Ghandi1]

Well because this CURRENT daily bar (if it closes above MACDP) will also be counted as a SG so basically we will have two SGs side by side. Please correct me if I am wrong.

In this case we need a close ABOVE 1.3330...

I agree, the daily close is important, above 1.333, (50% of the previous weekly bar)

 

[gyanirahul]

Thanks sive sir ... for this wonderful analysis .. i take this small sell on retracement .. hoping for the best ..

put stoploss 90% of that engulf