FOREX PRO Weekly March 12 - 16, 2012

rashidin5178

Sergeant
Messages
244
Hi Sive,
Rashidin again to bother you!!;)
I must admit that since I follow your analysis and education, the most difficult subject to understand is recognizing SG pattern. If it is not too much to ask, wouldn't it be nice if you can dedicating one small chapter in Forex Military School about this topic which is there you can eloborate more detail with some examples. The best is when we also have your trade's example video. If you think this is too much, please forget about it.:)
Thanks and Best Regards.
 

Sive Morten

Special Consultant to the FPA
Messages
12,867
Hi Sive,
Rashidin again to bother you!!;)
I must admit that since I follow your analysis and education, the most difficult subject to understand is recognizing SG pattern. If it is not too much to ask, wouldn't it be nice if you can dedicating one small chapter in Forex Military School about this topic which is there you can eloborate more detail with some examples. The best is when we also have your trade's example video. If you think this is too much, please forget about it.:)
Thanks and Best Regards.
Hi,
Looks like I've written something about this pattern in some chapter - may be that was dedicated to MACD, actually I do not remember exactly. But some information exists about failure trend shifting.

Unfortunately I can't write clear material on that topic, since I have no writes on it. We need MACD Predictor and we need permission from DiNapoli, that we do not have.
So, we can just mention that this pattern exists and just give hints in our researche when it appears...
 

rashidin5178

Sergeant
Messages
244
Hi,
Looks like I've written something about this pattern in some chapter - may be that was dedicated to MACD, actually I do not remember exactly. But some information exists about failure trend shifting.

Unfortunately I can't write clear material on that topic, since I have no writes on it. We need MACD Predictor and we need permission from DiNapoli, that we do not have.
So, we can just mention that this pattern exists and just give hints in our researche when it appears...
Well, thanks a lot Sir for your reply.
As far as I know, SG is recognizing when price disrespect .618 retracement when trend show opposite direction. Let say, trend is up but price go down? Basically, what we are looking for with MACDP? Conflict between trend and price movement? Or trend shifting failure?
Thanks and Best Regards
 
Last edited:

gibson

Private
Messages
18
Thanks a lot Sive

Yesterday, I mesh up my profit because I couldn't wait for you green light (a go ahead command). I Lost some of my profit. But today am in profit because I waited for your command.

Your analysis is great and helpful especially the Text and Chart version, which i really really prefer.

God bless you, God Bless FPA.


Good morning,
market is doing attempts to continue move lower, but looks like it is hard. i've found that 1.3037 is also a monthly pivot support 1, just forgot to tell about it yesterday.
As a result two different scenarios is possible.
First on is direct plunge to 1.29-1.2950 area. Since market already stands below as targets as pivots. This is possible.

For second scenario we need to take a look at lower TF.

on 4 hour TF current low stands precisely at 1.618 of previous retracement. This is hint on 3-Drive Buy, that could be completed right at daily AB-CD - the same 1.29-1.2950 area.
But, before that market could make attempt to create a 3d drive and this will happen by retracement to 1.3119 level right from here.
Also we see MACD divergence that is very often a companion of different exhausting patterns and 3-Drive as well.

On houry TF we see butterfly and market now stands at 1.618 extension of it and small W&R.
So today I see two major actions to be done.
Keep a close look at current level. if market will move below 1.30 and hold there - it will cancel W&R and it will mean that probably we will reach destination.
If not, be ready for deeper retracement. Unfortunately currently I can't say how it will turn, because it has not even started yet.
There are 2 K-resistances. they could give the clue the short-term strength of the market. Also, keep an eye on price action - any thrusting moves solid white candles will be in favor of deeper retracement.
 

Venelin

Master Sergeant
Messages
394
Well, thanks a lot Sir for your reply.
As far as I know, SG is recognizing when price disrespect .618 retracement when trend show opposite direction. Let say, trend is up but price go down? Basically, what we are looking for with MACDP? Conflict between trend and price movement? Or trend shifting failure?
Thanks and Best Regards
Here is SG example:
http://www.forexpeacearmy.com/forex-forum/sives-analysis-archive/8311-trade-description-january-13-2010-stop-grabber-trade.html
When we have "Conflict between trend and price movement" we have Dynamic Presure imho.
Cheers!
 

Joshnix

Corporal
Messages
94
Sive there is another k resistance on the daily chart but my fear is that now two k areas have been broken. Maybe the tide is turning again
??
 
Messages
11
ed.gifed h4.gif

My today's trade:

after retracement from k-resistance (level around 1.3114) - i was on short position, but i saw that the price dosn't have too much "power" to go down, so i spoted that the macd on h4 turnetd bulish. I dropped down to m15 and found ab=cd pattern on resistance 61,8%. I was waiting to macd (M15) turn bulish and looking for close above 3x3 moving averedge. I took long position with target 1.311814.

What do you think about that strategy?
Best regards
Sebastian
 
Messages
11
ed h4.gifed.gif

Hi

I was on short position at k-resistance around 1.3114. But the price doesn't have much power to go down. I saw that the macd on h4 is bulish. I dropped to the m15 and found ab=cd pattern that came to 61,% resistance. I was waiting on m15 that macd indicator turn bulish and close above 3x3 moving average ant take long position. What do you think about that trade?
Best regard
Sebastian
 

Venelin

Master Sergeant
Messages
394
Hey guys,
I see a nice 4H reverse H&S possibility during next week, if market could reach 1.3185 K area! Just a thought I`d like to share:

View attachment 5057
It looks like that my suspicion from yesterday turns to reality...If market closes strong today, next week we`d probably have nice reverse H&S trade, after some retracement?!
I am switching continents next week, so probably be away from market for a while! Good luck everyone!
 
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