FOREX PRO Weekly July 09-13, 2012

[D.R.&Quinch]

i qualify my corrective patterns with stochastics and alternat price projections. mostly my method is mumbo jumbo.

 

[D.R.&Quinch]

I see this everything down, Sives 3 drive, as ending diagonal so when we bottomed, I think at 1,2150, we stop counting; those are just letters and numbers prepared to move, must not be exactly as I put, but close

yes so if we trade into range of what u have marked as "b", i.e 1.21937 and below, we are possibly finished with correction?
that how i see it but im green

 

[minimax]

would like you and everyone for help; my english is not so bad, I think so, but this I do not understand:

Wave C must be no longer than twice the price distance of both Waves A and B

WTF did the writter think with the price distance?

 

[D.R.&Quinch]

i think he meant that wave c cannot be longer in price range than wave a and wave b added together?
but this is news to me if it is a solid rule!

 

[D.R.&Quinch]

if he did not mean that, he may have chosen to use the word "either" rather than "both"
just my guess
price distance probably refers to price range of tbhose waves.?

 

[minimax]

yes so if we trade into range of what u have marked as "b", i.e 1.21937 and below, we are possibly finished with correction?
that how i see it but im green

not exactly, I am not convinced in end but temporary low for sure

compressed 1m

 

[minimax]

i think he meant that wave c cannot be longer in price range than wave a and wave b added together?
but this is news to me if it is a solid rule!

ok, me same; C max = ( a + b ) * 2

 

[minimax]

approaching slowly, current target 1,2206

 

[D.R.&Quinch]

ok, me same; C max = ( a + b ) * 2

C max < (a +b) ?

 

[minimax]

C max < (a +b) ?

twice price distance !!