Euro Forex Pro weekly 19-23 July, 2010

[fatguydan]

Thanks for taking the time to post your analysis, it is extremely helpful and appreciated.

 

[MidnightRun]

i changed my mind today...friday will send the euro higher so i am in a long already.Why? the market will take what it can with the EU euphoria.No one cares of the real state of the Eu economy for now so lets indulge ourselves right.

Do you have any projections as to how far up the price may go? Sive believes it is all the way to 1.31 and above, I am afraid there is too little time left to go that high...

 

[12bfree]

for all we know, EUR will skyrocket after the release?


ECB Paramo: No Doubt Stress Tests To Have Positive Impact
ECB Paramo: No Doubt Stress Tests To Have Positive Impact | ForexLive

 

[auna]

My long paid out and i closed already because i was expecting the Xop to be reached when markets were in the first couple of euro hours. but it did not so i don't think we will not see 1.30 s or higher today.

 

[Vix]

Looks like up move is going into fail, MACD divergence on 1H chart, I think I will close long positions and will open 1 small position short

 

[MidnightRun]

Looks like up move is going into fail, MACD divergence on 1H chart, I think I will close long positions and will open 1 small position short

Well, over the past several months I have promised myself time and again to do this: read what Sive says and do the opposite: I guess today is yet another (and final as far as I am concerned) confirmation. Better still: I am stopping reading Sive's high-flown rubbish.

 

[Vix]

Well, over the past several months I have promised myself time and again to do this: read what Sive says and do the opposite: I guess today is yet another (and final as far as I am concerned) confirmation. Better still: I am stopping reading Sive's high-flown rubbish.

Sive gives great analysis as far as I am concerned, just as we all know in forex is not an easy job to predict, fails can happen.

I also entered long today and I was glad to see Sive's comments, just market failed to reach new high.

 

[Mandrake]

Yeah Sive's Analysis is nothing short of perfect. Forex is just unpredictable in nature. We try our best to make our decision to try and make money. And there are too many variables to post here every single time. You have to learn the skills and predict on your own.

It doesn't matter if you lose money yesterday and today as long as for that month or week you can make money that is good enough.

I lost on monday to wednesday but I made money yesterday and today. I am still up for the week. I have been up by the end of every week for this month. That is the important thing. This is where the phrase "Let profits run and cut loses short" comes into play. Use that and you will be lot better off.

 

[MidnightRun]

I am not complaining, dont get me wrong, I actually shorted the eurodollar at 2950. And it is hear that I am contemplaining (very small) longs, but not before the stress test.

 

[Sive Morten]

Guys,

check for my Friday' s Update post. FPA has posted a video there. IT's just the first attempt to make it in such way. And we're interested in your opinion. Is such format of daily updates interesting for you or not?