FOREX PRO Weekly September 24-28, 2012

[D.R.&Quinch]

getting back in


if the 236 retracement in yellow and the cd leg trendline hold the price, my O(short)P will be @ 1.2850
the c point is wrong, i believe

 

[BeeKay8]

Hey Sive,

If I remember correctly I recall DiNapoli saying in his book that for B&B, you look for intraday support on either the hourly or 4 hour TF.

As you can see on my image attachment, we are currently at 4hr k-support (1.2913). In your opinion, do you think this is a good area for a long? Or is this too aggressive?

Of course, 50% support from most recent thrust up on daily and AB-CD extension on 4hr is a solid area to enter long for B&B but I was just wondering if the 4hr k-support is a reasonable area to enter long.

Thanks and best regards,
Brandon

 

[Sive Morten]

Hey Sive,

If I remember correctly I recall DiNapoli saying in his book that for B&B, you look for intraday support on either the hourly or 4 hour TF.

As you can see on my image attachment, we are currently at 4hr k-support (1.2913). In your opinion, do you think this is a good area for a long? Or is this too aggressive?

Of course, 50% support from most recent thrust up on daily and AB-CD extension on 4hr is a solid area to enter long for B&B but I was just wondering if the 4hr k-support is a reasonable area to enter long.

Thanks and best regards,
Brandon

View attachment 6705

Hi Brandon,
you're absolutely right. Probably we could get B&B from 3/8 support on daily - I've written about it a bit in daily update.

 

[D.R.&Quinch]

anyone have opinion on this butterfly?


77 pips up so far

 

[Joh]

Can remember at some time we had abrev. link to 'what it meant' that is not there so it must be difficult for newbies - ask Sive or FPA to state a translation list with all abbrevations from Sive (and others) so you will not be excluded - the best of luck to you

 

[D.R.&Quinch]

Sorry, do you mean the word "Butterfly should have a pop up explanation?

 

[dealsmart]

these terms i do not understand also:-DRPO
B&B

 

[Synchronicity]

these terms i do not understand also:-DRPO
B&B

There is a glossary at https://www.forexpeacearmy.com/forex-forum/sive-morten-analysis/10877-glossary.html
which explains some of the terms. The others such as DROP and B&B refer to setups explained in Joe Dinapolis book 'Trading with Dinapolis Levels'
The best thing to do is search the forums and the internet in general and to try to get a copy of the book.

All the best

Michael

 

[ochills]

Thank Commander in pips> Tour analysis is deeply appreciated.
good work as usual.

 

[D.R.&Quinch]

UK OIL UPDATE



IM short for this lower degree reversal pattern