FOREX PRO Weekly June 04-08, 2012

pragmatic

Corporal
Messages
109
Hello Sive!
I see that you are considering the possibility that 100% expansion target on H4 will not be touched. Is it correct or I understand it the wrong way?
Thank you!
 

Sive Morten

Special Consultant to the FPA
Messages
13,389
Hello Sive!
I see that you are considering the possibility that 100% expansion target on H4 will not be touched. Is it correct or I understand it the wrong way?
Thank you!
It is possible, since butterfly target stands slightly lower. One thing that I just want to tell is - protect your profit above 1.2620 if you will decide to hold Longs a bit more.
 

Louis123321

Corporal
Messages
174
FANTASTIC ! 1.2620 and now closing all my buys for a hefty profit.

Let the selling begin! ...Well.. Soon ;) I have my sells in place, and will be switching to daily/weekly time frame trading strategy as of today, let them trail for a week and continuation to the downside should have sparked by then at least.

Bravo Mr Sive, once again I owe a large portion of this money to you. I love you.
 

Nel

Private, 1st Class
Messages
38
Hi Sive,

You're too genius. At times I feel as if you're the one that determine the EURUSD price in the market. I was so amazed when the target hit at 1.26266 before retracing back. You see the future price Man!
If your daily updates is followed, the ROI solely based on your analysis is enough to make someone dance with toes by mouth-whistling....:)
Thanks Sive for giving free and rare gifts always. You're the best.

Greetings,
So, we can say that there are some signs of further upward move at least to 1.2620-1.2630 area.
 

Sive Morten

Special Consultant to the FPA
Messages
13,389
FANTASTIC ! 1.2620 and now closing all my buys for a hefty profit.

Let the selling begin! ...Well.. Soon ;) I have my sells in place, and will be switching to daily/weekly time frame trading strategy as of today, let them trail for a week and continuation to the downside should have sparked by then at least.

Bravo Mr Sive, once again I owe a large portion of this money to you. I love you.
Hi Sive,

You're too genius. At times I feel as if you're the one that determine the EURUSD price in the market. I was so amazed when the target hit at 1.26266 before retracing back. You see the future price Man!
If your daily updates is followed, the ROI solely based on your analysis is enough to make someone dance with toes by mouth-whistling....:)
Thanks Sive for giving free and rare gifts always. You're the best.
To God be the Glory forever.
 

ochills

Master Sergeant
Messages
278
Hi Damian,
First to have a detail understand on this issue pls you must read a brief write up by Robert Prechter -What a Trader Really Needs to be Successful. Google search this book. for you to appreciate this brief book. Pls read in btw the lines.
Friend set & forget are one of my numerous rules when I started trading including cut your losses short. This statement when logically scrutinize it can be absolutely ignore, if you have a trading plan and strictly adhere to it. in my early days most of the rules sound like wise rules especially when I fall victim.but honestly speaking they are contradictory rules. The most important is if your overall trading context or your reasons for placing a trade has not been negated by price action then leave your trading. to me set and forget does not exist in my trading plan. if after I have place a trade and price action show a wide range of up/down thrust(that negate my entry direction) and price has hit btw 0.618 & 0.786FR I will exit even if my trade context remain and my stop loss has not being reach by price.
On the 3-period rule. I often apply it as a confidence builder for entry & not for exit I use price action and my overall context analysis for exit, but this depend largely on your trading strategy after back testing & demo.
I will also like to recommend FPA military school on trading Plan (Chapter 29).
Wish U a pip fill day.
 

Lolly Tripathy

Sergeant Major
Messages
515
thank you very for the reply sir :)
i have sum confusion i got 2 pattern on daily tf Double top daily.jpg
the daily reverse h & s ratio is not perfect
and the daily double top and shootings star is looking good
can you plz suggest me which one is rite..??
 

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