FOREX PRO Weekly July 16-20, 2012

ochills

Master Sergeant
Messages
278
thanks Sive for your great analysis as usual.
Pls can you recommend books that teaches patterns like larry pasavento.
and I want to say thanks greatly for books you recommended in forex military school.
Once again thanks.
 

Marketjoy Trader

Private, 1st Class
Messages
81
which books did he recommend? i did not follow the forex military school verbatin. have been in this business for about five years. most of the articles in the forex military school were familiar to me.
 
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h0rked

Private
Messages
10
Hello Sive, As always awesome work..

I've question about the K Level , For example if the market has come to our K level and retrace from it just a little bit and then broke it , Can we still hope the level 61.8 will be strong Support/Resistance ? Or as the market broke the K level then it will definitely break the 61.8 as well ?

Thanks in advance.
 

Sive Morten

Special Consultant to the FPA
Messages
13,824
thanks Sive for your great analysis as usual.
Pls can you recommend books that teaches patterns like larry pasavento.
and I want to say thanks greatly for books you recommended in forex military school.
Once again thanks.
Hi Ochills. Thin book with high density of information, very practical is Leslie Jouflas and Larry Pessavento "Trade what you see". Personaly I like it.

Hello Sive, As always awesome work..

I've question about the K Level , For example if the market has come to our K level and retrace from it just a little bit and then broke it , Can we still hope the level 61.8 will be strong Support/Resistance ? Or as the market broke the K level then it will definitely break the 61.8 as well ?

Thanks in advance.
Hi buddy,
no, each level we should watch separately. Scenario that you've described is possible. But sometimes market is loosing some steam when it breaks through K-areas, so next level could stop it. Things that you've descibed mostly relate to minor Fib numbers - 0.786 and 0.88.
IF market absolutely disrespect K-level, you may suspect that it will hardly stop at next level as well, but this is not a rule of thumb.
 

blueraven316

Private
Messages
16
Hi Sive,
Where can we find the Exponential MACD Indicator you use on your charts ? Also the MACD line which goes along with the candlesticks and market line ?

Thanks in advance
 

pragmatic

Corporal
Messages
109
Hello Sive!
I am trying to find other pairs that are suitable to the system that you are teaching us day-by-day, with unprecedented consistancy.
I am still thinking about what you said about AUD. I think I can see why you have a bullish view of the pair. I am not asking for your analisys, since I know your time is limited, just correct me if I say something realy stupid.
So, I just have 2 observation (this is not a trading plan):
1. I see that the price is reacting at 100 expansion on Monthly. The reaction is preaty shallow. The 38.2 retracement of the small reaction supported the price twice allready. It could go down to 61.8 of the whole move but it didn't. This a bullish sign.
2. There are 2 Pierce in the Cloud patterns at the bottom of the triangle consolidation (Pierce 1 and 2). These are bullish patterns. After Pierce 1, the whole price action stands inside it. There is no closing above or bellow it. Now, market has formed Pierce 2.
After Pierce 1, the retracement was realy deep. Now, I suspect that retracement will not be so deep.

Thank you!
 

Attachments

asif faryad

Sergeant
Messages
194
Hi Ochills. Thin book with high density of information, very practical is Leslie Jouflas and Larry Pessavento "Trade what you see". Personaly I like it.



Hi buddy,
no, each level we should watch separately. Scenario that you've described is possible. But sometimes market is loosing some steam when it breaks through K-areas, so next level could stop it. Things that you've descibed mostly relate to minor Fib numbers - 0.786 and 0.88.
IF market absolutely disrespect K-level, you may suspect that it will hardly stop at next level as well, but this is not a rule of thumb.

Hi Sive,

Hope you dont mind as i saw your recommendation for the trade what you see book and thought i would also add this link to let new and advanced traders see this clip which drums! in the point trade what you see not trade what you think!!


enjoy!!!!

Asif
 
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asif faryad

Sergeant
Messages
194
Asif, that was too funny...and so true (not just in trading)!

Thanks for sharing-
Ron
To You Ron and all The Morten Turtle traders !!! Salute..

A bonus !!

Enjoy i am out playing golf in the Morning :)

Asif
 
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