Hi Ochills,Thanks as usual for your response, this is one of the nuances you always mention in forex military school.
But pls my second question has not been answer am asking this question becos in Dinapoli he mention that he uses Stochastic to know the weak player activities in the market and he use it to know when to buy deep or sell rally.
the question again is what indicator do you use to determine when to buy deep or sell rally? or you wait for retracement at a crucial level just like your explanation in this week analysis.
thanks as usual.
Hi Adman. MT4 allows to know it definitely - just use View ->"Data Window" option (CTRL-D). Put cross on bar that you're interested in and you'll see precise numbers of all indicators.Sive, do you know roughly what price level the green 3x3 MA will be today, May 22, 2012? Perhaps around 1.2720?
Hm. Currently, retracement is possible (look at today's update on first page), but now it is impossible to say will it reach 1.30 or not. Now even is a question will it happen at all, but patterns that may trigger it are forming.Commander
I want to ask if you see the possibility of retracement reaching 1.3000 area since the 1.618fib extension on 4hrs is around there
Market has not moved too far from first bottom of DRPO. So this pattern is still could appear.Sive, was the drop too great today to likely be a DRPO? (Fell to 1.2659, too far below the green line 3x3 MA?). Or do you still see a possibility of a DRPO since the euro closed at 12684? Or are we looking at the start of a Bread & Butter continuation pattern down? (even though the retracement upward stopped somewhat short at 1.2826).