FOREX PRO Weekly October 22-26, 2012

[Sive Morten]

Thanks Sive.

In the previous week's weekly analysis, you said that the monthly trend is bullish.
https://www.forexpeacearmy.com/fore...67-forex-pro-weekly-october-15-19-2012-a.html

Now it's bearish again. Was "bullish" a typo?

Will you consider the trend bullish again if it completes reaching the target at or below 1.1600? Or only if it exceeds the 61.8% retracement at around 1.3800?

Thanks!

Hi Rubin,
see this red line on monthly chart? While price stands below it - trend is bearish, hence you can see, when it should turn bullish.
There was a mistake on previous week, probably.

 

[bobc]

THANKS Sive.

I always prefer the written one above the video, as I can make remarks on it in between your text.

I am deaf. The video is like watching TV with the sound off.
The written version is priceless.
regards
bobc

 

[Netgold777]

From a Newbie to this wonderfull world
Thanks Sive for your analysis. If I read it correctly, what you are saying is that EUR/USD could go up or down next week??

 

[forexjosa]

Is pretty much that, and I think he is right!

 

[Triantus Shango]

well... if george is short, then that's good enough for me.

 

[MidnightRun]

Hi Triantus,
Any new thoughts or developments with your magic newly-formulated-discovered system?

 

[Triantus Shango]

not really. just wrestling with some ethical issues. i think i said too much already. enthusiasm always the better of me.

Hi Triantus,
Any new thoughts or developments with your magic newly-formulated-discovered system?

 

[forexjosa]

Thank you very much for your work Sive.

 

[mjunkyard]

Hi Sive;
Are we having a drpo fail on the 4h usd/jpy? if yes, where would i put the stop?
thanks for all your help and invaluable information.
sincerely
mjunkyard

 

[Sive Morten]

Hi Sive;
Are we having a drpo fail on the 4h usd/jpy? if yes, where would i put the stop?
thanks for all your help and invaluable information.
sincerely
mjunkyard

Hi Mjunyard,
Probably I would not call it as DRPO, since thrust was interrupted twice by 3/8 retracements.