FOREX PRO WEEKLY October 07-11, 2013

[minimax]

Well, I do not see any logic in rising debt ceil and contracting money supply but exactly opposite - more printing will be justify. So, more money, usd down = shares up, no inflation = gold down.

The fact is that if ONE is telling same lie long & often enough it is accepted as truth.. and if this ONE has enough time & money ONE has no problem..

I think contraction will start next year: Sell in May and go away?

 

[Peter Szabo]

Hi Sive!

I attached my global view from the EUR/USD. What do you think?




Thanks
Peter

 

[Lolly Tripathy]

Hi Sive!

I attached my global view from the EUR/USD. What do you think?

View attachment 11550
View attachment 11551

Thanks
Peter

very nice work peter i really appreciate..

 

[Lolly Tripathy]

possible H&S on 4hr...???

 

[minimax]

possible H&S on 4hr...???

View attachment 11554

hmhm, I dont like it

I use macd to help me decide if pattern is good H&S; divergence as marked: LS lowest, H higher, RS crosses zero & comes below and highest; opposite for H&S top

 

[Sive Morten]

Hi Sive!

I attached my global view from the EUR/USD. What do you think?

Thanks
Peter

Hi Peter, very similar to those that we've discussed in weekly researches. There is also could be a butterfly on weekly with the same target. Currently this setup still holds. We'll see...

 

[minimax]

Good work, Sive! But I think that weaker yen not necessarily means stronger usd but could aslo mean stocks rising so we should be careful with eurusd.

Here is how I see eurusd.
H1



I am aware we need daily low for whatever of pattern, I see also building potential butterfly buy but somehow I expect deeper up correction first and price hidding in Fridays candle range.

Good trading!

 

[minimax]

Hello, I am back!

Well, the situation is as follows:
- price action is hidding behind H4 big wave candle (* high wave, sorry, lapsus) and break in both direction is possible
- I entered long (again) because I find upper move more possible considering waves constructions; stop is at break even and I am waiting what will develop
- as target I found most attractive price level close to 1,3630 where also Bat D has target and at same time this level could be C of Crab for move down but about it later when time comes...

H4


Good trading!

 

[seedof]

hmhm, I dont like it

I use macd to help me decide if pattern is good H&S; divergence as marked: LS lowest, H higher, RS crosses zero & comes below and highest; opposite for H&S top

View attachment 11555

what parameter do you use for your macd. thanks

 

[minimax]

what parameter do you use for your macd. thanks

I am using 5/34/5 because histogram is at same time elliot wave oscilator but it is not particulary important - you get same result in H&S case. I usually&normaly do not use any oscilator just for confirmation purposes (and maybe bigger selfconfidence)