FOREX PRO Weekly May 28 - June 01, 2012

Triantus Shango

Sergeant Major
yep... oops-moment ;-) however, market is at multiple SPPT levels around 2380-2410... so i'll go out on a limb and say if SPPT holds, say hello to 2514/45. :D

My trade plan for today:

There's a potential Butterfly sell on 15m; if it completes at around 1.25 then sell into that at top of the wedge...

comment welcomed :)


=======fail haha
 

squidge42

Corporal
yep... oops-moment ;-) however, market is at multiple SPPT levels around 2380-2410... so i'll go out on a limb and say if SPPT holds, say hello to 2514/45. :D
maybe, but as all harmonics are now eliminated maybe we could be into free-fall teritory?
esp. if sustains below said supports (daily and weekly)

my limb says CD leg 100% OP at 1.23 of current 4h ABCD :)
 
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Louis123321

Corporal
Market is hovering just above 1.2380 level.. Still not passed it, i will close my short sells following this recent bearish slump downwards at 1.23830 and then watch / wait for Sive's video tomorrow ... Market is too difficult to trade today, I need a Sive Morten in my pocket... :(
 

Triantus Shango

Sergeant Major
nonsense, although i'll agree mr market is a tricky cabron today. ;-) i've got the usd/inx chart in one corner of the screen, the aud/usd in the other.

aud/usd H1 looks like it's starting to base. harmonic levels have been hit which are consistent with the completion of a left wing and the AB=CD in this forming structure gives us a nice potential target for the potential butterfly sell.

we'll see.

Market is hovering just above 1.2380 level.. Still not passed it, i will close my short sells following this recent bearish slump downwards at 1.23830 and then watch / wait for Sive's video tomorrow ... Market is too difficult to trade today, I need a Sive Morten in my pocket... :(
 

Triantus Shango

Sergeant Major
one more thing... just spotted a butterfly sell about to be completed on daily usd/inx. obviously, if it doesn't fail, then we are close to a reversal.
 

Louis123321

Corporal
one more thing... just spotted a butterfly sell about to be completed on daily usd/inx. obviously, if it doesn't fail, then we are close to a reversal.
So Mr Triantus, ALL charts are now bottomed out at expected heavy supports yet no supporting behaviour has happened and price action is also still slumping to the downside... What is your prediction on this? I have decided to wait it out till tomorrow and see what Sive's analysis provides. Although I don't think there are really any patterns to suggest retracement from this point so it will be very interesting to see what his take is on the overall short term perspective.

I have a hunch that his analysis will tell the bears to wait for a bit longer, as there really seems to be no other option, and I myself am not sure if I should be marking out the upcoming supports (if any significant levels are even close despite recent fibonacci levels already crossed), OR for the potential target/s for the retracement if any will happen.
 
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