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FOREX PRO Weekly July 02-06, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jun 30, 2012.

  1. minimax

    minimax Sergeant Major

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    My fault

    BE CAREFUUUUL !!!

    Best trades to all!


    ps

    it is 1,27463 (HH of June 18th) which must be broken to change my point of view, sorry, made mistake on Friday!

    hehe, I think we see 1,3999 before1,1999
     
    #11 minimax, Jul 1, 2012
    Last edited: Jul 1, 2012
  2. h0rked

    h0rked Private

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    Hello Sive,

    First of all as always great anaylises , Thank you very much ...

    I would like to ask you about the consuldation at the K level , How can you explain it ?

    As you see in the picture bellow the Weekly gold has been sitting at the K level for long time now , Is that mean weakening it ? or It may rise from it at any moment ?

    gold.

    Best regards.
     
  3. Lolly Tripathy

    Lolly Tripathy Master Sergeant

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    I think we see 1,3999.....?????
    :rolleyes:
     
  4. gibson

    gibson Private

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    Thaks Sir

    Thanks a lot The commander in Chief of Pip Making. Your analysis is the best.

    How I wish there is a chat room where everyone of us would log in and be sharing live ideals together.

    I am hoping for this grate opportunity. We need chat room..

    God bless Sive, God bless FPA.
     
  5. minimax

    minimax Sergeant Major

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    Hi Lolly

    No, I have not changed South direction but I think that 1,2100 will hold and from there upper stronger and bigger correction will take place and that is why I wrote that. Black and Blue ideal projections we can not move, Red could be also in place, I think it is, and only Green projection can be moved up with establishing new higher price in this last up leg.

    EURUSD_062912_6H_TRIANGLE_Projection.


    Last leg up: I see this as an ABC correction leg, maybe topped but I am not convinced and I do expect higher high; 5h wave exceeded normal projection so I really expect diagonal – wedge – 3 drive sell with top max at 1,27463; currently we might come back down and take 1,2580 what would be normal but not must do.

    EURUSD_070212_1H_Projection.


    Good trades to all!
     
    #15 minimax, Jul 2, 2012
    Last edited: Jul 2, 2012
  6. Lolly Tripathy

    Lolly Tripathy Master Sergeant

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    thanks for the explanation my friend..
    i dont thnk abt 3900..
    if i will get above 2800 i will look to sell @dat area
    and will take a big break for marriage ha ha ha joking
    1hr abcd is still in play let see..
     
  7. minimax

    minimax Sergeant Major

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    Feel it short again


    EURUSD_070212_5M.
     
  8. Marketjoy Trader

    Marketjoy Trader Private, 1st Class

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    Lolly, we are waiting for the BC leg to get to 0.618 retracement of AB right?
     
  9. hassan079

    hassan079 Private

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    Good Morning Alll
    Im lil confused , according to me 1.2570 area will hold and then we will see bulls again , but at the moment price is still hanging around this area hourly and 4 hour macd is bearish too , so now shall i place a pending buying order around 1.2500 with 50 pips sl , can anyone guide me for a better entry pls ..
     
  10. minimax

    minimax Sergeant Major

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    I still think we place low before high


    EURUSD_070312_1H_Projection.
     

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