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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. Triantus Shango

    Triantus Shango Sergeant Major

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    good luck. ;)

     
  2. Triantus Shango

    Triantus Shango Sergeant Major

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    although if i were you, i'd put the stop beyond the 61.8% node as it looks like it's gonna be hit. meaning, price might rebound from 61.8%. in which case if your stop is in front of 61.8, you'll be stopped out for nothing while starts moving in your original direction.

     
  3. Triantus Shango

    Triantus Shango Sergeant Major

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    no butterfly buy that i can see. the AB=CD is really flat... actually let me take this back... it looks weird, i don't like that BC retraced only 38.2%, but why not? interestingly, the FE 127.2 (XOP) coincides with the 61.8% and 127.2% fib nodes of 2 fib retrace structures from that last huge move up. so a good RSST level there. let's see if it bounces back.
     
  4. minimax

    minimax Sergeant Major

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    I do not know what you are using but suggest this site to have open all the time you study

    Harmonic Trader - Harmonic Price Patterns
     
  5. Triantus Shango

    Triantus Shango Sergeant Major

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    the moment of truth is upon us! DXY jumping up and breaching 38.2%. if we can stay above this level and up, then i'd say the shorts e/u will win the day.
     
  6. rashidin5178

    rashidin5178 Sergeant

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    Guys,
    Be patient. Just wait 1.618 AB=CD on H1 tf as Sive said around 1.2538.:)
    Thanks and Best Regards
     
  7. rashidin5178

    rashidin5178 Sergeant

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    Now lets jump in!!!!:cool:
    I think so
     
  8. Triantus Shango

    Triantus Shango Sergeant Major

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    long now??? no way, jose!! i'd wait at least til we hit the COP level of the most recent AB=CD on daily--this being the CD leg in progress currently.

    now we gotta worry about whether or not price we regain and remain above MPP and 61.8% that was just breached and both hourly 100 and 200 MAs. if none of these happen significantly, it's down from here.

    update: sh&t!! (goddam fu%king censorship!! :mad:) i drew the fib retrace structure from 2 different points on daily and hourly. not breached 61.8 on daily yet. i think my H1 fib extreme low start point i chose was too high. ok well, then let's see if it bounces from here.


     
  9. Triantus Shango

    Triantus Shango Sergeant Major

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    ok now the daily is telling an interesting story. if we close below that 61.8, then i'll say that we have that potential gartley/butterfly right wing buy i mentioned the other day in progress. same structure is appearing on e/j by the way. and a/j has more bearish signals than you can shake a stick at, notwithstanding the semi-bullish news for the aussie. finally, DXY has cleared 38.2% and is about to make contact with the 50% node (now @ 82.35).

    i say: sell a/j massively as the post-eu summit move will be erased. 200 pips potential. 100 pips potential on e/j at least. e/u at least another 100 pips too, but not sure though about that pair.

    good luck comrades!!
     
  10. rashidin5178

    rashidin5178 Sergeant

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    Btw Guys,
    Gartley buy on H4...reload your ammo!!!!;)
     

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