FOREX PRO WEEKLY September 29-03, 2014

[Sipi]

Hi Sive!

Wat's your brief opinion on EUR?

 

[Sive Morten]

Hi Sive!

Wat's your brief opinion on EUR?

Monthly 0.618 AB=CD target. In short term - wait.

 

[Sipi]

Monthly 0.618 AB=CD target. In short term - wait.

Thx Sive!
It's ~400 pip far, just need a good entry for short! ;-)

 

[stelore]

Thx Sive!
It's ~400 pip far, just need a good entry for short! ;-)

ME TOO............. , do you "see" any pattern to do it yet?

but thanks for JPY plan of today Sive, nice opportunity!

 

[butcher]

Hi Commander,

Could you help for below issues.

-What is the reason for choosing 101.50 instead of 103.54 as reaction point. Is it correct if we choose 103.54 as reaction and 106.80 %50 fıb target of DRPO Sell.



-İs it also correct that we have butterfly sell right at 161.8 extension on weekly timeframe?

 

[Sive Morten]

Hi Commander,

Could you help for below issues.

-What is the reason for choosing 101.50 instead of 103.54 as reaction point. Is it correct if we choose 103.54 as reaction and 106.80 %50 fıb target of DRPO Sell.

View attachment 17055

-İs it also correct that we have butterfly sell right at 161.8 extension on weekly timeframe?

View attachment 17056

Hi,
1. Your reaction point is also correct, since thrust is enough for DRPO. But real thrust has started a bit earlier. That's why I've chosen lower reaction point.
2. Yes, probably we could apply even this ugly butterfly, because by letter - this is butterfly and all conditions match to rules, despite that it's right wing is a bit long...

 

[butcher]

Thank you sir!

 

[Kleinerbroker]

Good morning Sive , Cable , your todays Fridays analisis : So, as long , as we do not see prices significantly below 161.8 % or below 1.6000 (1.5975) we may assume that strategy / set up to expect for B&B Buy is still valid ? KB

 

[Sive Morten]

Good morning Sive , Cable , your todays Fridays analisis : So, as long , as we do not see prices significantly below 161.8 % or below 1.6000 (1.5975) we may assume that strategy / set up to expect for B&B Buy is still valid ? KB

Yes. If even we will see it significantly below - it could be part of big H&S. Pattern could take weeks to be formed... We will keep in mind this B&B until it will not fail at monthly chart directly...