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FOREX PRO Weekly May 09-13, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, May 7, 2011.

  1. riyaz ahmad khan

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    Hi sive,

    Market already hit todays low at 1.4123.Any clue to enter long???
    regards
    riyaz
     
  2. georgeta

    georgeta Sergeant

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    EURUSD butterfly

    Hi guys!
    What do you say about this butterfly on M30.
    Maybe Sive can help us...
     

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  3. georgeta

    georgeta Sergeant

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    Sive may trade real!!!

    yes, real, yes, yes :):):)
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Georgeta,
    You're overestimating my role in all this stuff.

    Well, Butterfly looks nice, but I wait for weekly B&B. This is too much difference for me 30-min and weekly.
    I prefer to see some solid pattern on at least 4-hour chart, and on daily.
    But we rare get what we want, right? So possibly all will start with this Butterfly, who knows...
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    I do not want to upset you, but Forex Military School still demands a lot of work.
    So, my return to public trading account will happen not early than in 2012 I suppose...
    :cute:
     
  6. georgeta

    georgeta Sergeant

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    OK

    Well, the school is great. I do not miss a single class. I can only hope that I will see you trading live some day.
    All the best!
     
  7. MidnightRun

    MidnightRun Sergeant

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    Georgeta, I am just trying to figure out the butterflies, so, is yours a buy or a sell?
    Thanks
     
  8. georgeta

    georgeta Sergeant

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    buy

    It is a Buy!
    Sive explained the Butterfly. I think that post is somewhere in late November. But I would not enter right now. Just like Sive says: Never jump in a running train. Wait for a retracement.
     
  9. Icarus

    Icarus Private, 1st Class

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    Hi Sive,

    If I am not mistaken, AUDUSD is showing a possible DRPO sell on the daily time frame, with a close below the 3x3 today. Is the target of this signal .618 retracement of the whole swing to the upside?
     
  10. pckeys

    pckeys Private

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    i was looking at the same thing.. but it can also be developing into a butterfly sell on 4 hour with the left wing having started at the 61.8 extension of the last abc pattern
    Weekly TF still very bullish..
    I'm long with a tight stop bellow the low at around the 1.0570 mark ...if the previous low gets taken out.. then the left wing of the butterfly will be invalidated and the pattern canceled ..
     

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