FOREX PRO Weekly June 24-28, 2013

[D.R.&Quinch]

ok well, i'm out. can't take it anymore. e/j on the other hand... check out the RRT and channel top on M30 and SMA200=RSST on H1.

I would sell that with a close below 127.72
And mt target would be minomum 126.68

 

[D.R.&Quinch]

Im in with tite stop triantus

 

[D.R.&Quinch]

And I have a mad entry usd jpy at break of neckline targeting 95.3 but need neck break to activate order

 

[Triantus Shango]

no quinch, u/j was in the driver's seat, although now on H1 we are still within the downward channel and about to come out of OB. shorting now for 127.20. but it's gonna take forever. nonetheless, godspeed!

 

[pardus]

Hello Sive and others o/

I believe that we have the Railroad Track on weekly usd/jpy chart.
It's part of the Bread and Butter pattern that we're already trading.
Can you show us how we should trade this specific signal, correctly ?
Thank you.

 

[Sive Morten]

Hello Sive and others o/

I believe that we have the Railroad Track on weekly usd/jpy chart.
It's part of the Bread and Butter pattern that we're already trading.
Can you show us how we should trade this specific signal, correctly ?
Thank you.

Hi Pardus,
No, this is not RRT. Since the nature of RRT is rejection of unnatural price. For that purpose, we need to see "unnatural" price. And this could be only one that was not met for long time. That's why RRT usually appears on tops and bottoms. Recall DiNapoli example about house prices in Santa Barbara.
Here is not the case since market has traded at the same price level recently. I would treat it as bullish engulfing pattern.

Here is the real RRT on hourly Gold today:

 

[Sive Morten]

Good day to u sive, thanks for the great updates as always! Can u pls clearify the JPY weekly B&B u talked about, I cant see that on the weekly chart, can u pls attach a chart to fully understand your line of thought? thanks once again for your help!

Hi Knight,
check previous weekly research and some most recent videos on JPY - you'll find what you want:
https://www.forexpeacearmy.com/forex-forum/sive-s-analysis-archive/25717-forex-pro-weekly-june-17-21-2013-a.html
https://www.forexpeacearmy.com/forex-forum/sive-s-analysis-archive/25719-usd-jpy-daily-video-june-17-2013-a.html
https://www.forexpeacearmy.com/forex-forum/sive-s-analysis-archive/25758-usd-jpy-daily-video-june-19-2013-a.html

May be there are some more - look for Sive's archive folder on forum.

 

[Venelin]

Hi all,
We have to be patient with euro these days(maybe always) In my opinion next week will present us with opportunity to trade DRPO buy on daily with target 50% from the top(we all know how euro loves 50%) and from there a big drop will follow! You all have a lovely summer

 

[FreddyFX]

I would not be surprised when at NY open we drop back to seek pivot.

 

[pardus]

Yes, yes, thank you Sive, I see it now

Frankly, I often have hard time to understand how things work after DiNapoli's explanation.
Only when I look at your videos I figure out how correctly to apply his technique.
I like his approach of trading, but isn't easy one and without further explanation in this case by you,
I would have had a very little success.
Thank you.