FOREX PRO WEEKLY November 25-29, 2013

[Barbara IT]

Minimax .... sei prezioso come sempre..... grazie per il tuo tempo! Baby PS: Un grosso grazie anche ad Venelin!!!

 

[minimax]

very important moment, move below could lead to 1,3440 AND in no case we should go up above wave 2 @1,35272 because this would mixed TFs and H2 could lead into bigger up retrace, I think limited with 1,35442; we can go sideways moving in wave 2 on H1...



15.35 CET: if intends to go down I dont expect to start before 17.00 CET

15.40: something like this



16.10: like this more

 

[minimax]

added short, tight stop, above i find more up

 

[Barbara IT]

added short, tight stop, above i find more up

View attachment 12221

Grazie .... grazie ...... grazie .... Minimax!!

 

[minimax]

I think M15 is in play according to H1, looking to 5 waves on M5

 

[Barbara IT]

sarebbe sbagliato tentare uno LONG in questa area 1.349/1.35?

 

[minimax]

sarebbe sbagliato tentare uno LONG in questa area 1.349/1.35?

generally when I believe in direction I hardly trade against especially when I see lets say 10-15 pips possible retrace

when I think we finish 5th wave, lets say about 100-120 pips, then yes because 38% is 40-60 pips

 

[Barbara IT]

generally when I believe in direction I hardly trade against especially when I see lets say 10-15 pips possible retrace

when I think we finish 5th wave, lets say about 100-120 pips, then yes because 38% is 40-60 pips

grande lezione per me !!!! grazie Minimax!

 

[minimax]

so this is why we stopped: confluence 38,2 & 61,8 and pressure of bulls to start wave 5 (I labeled as abc not 123)
I think that as long as we stay in H1 candle shadow, not make high, we will continue down; if we first make high above then I will start thinking about changing direction after hiting point a

 

[minimax]

very similar situation as on Friday just opposite direction

must be very careful if will not actualy be same