Euro FX Daily Video, 13 August, 2010

[Sive Morten]

Good morning,

Market has reached strong support area, and I think that we can count
on some bouncing to the up side. May be, market will start retracement to 1.30 from this area, for now it's difficult to predict precisely.
So, I will be watching for some signals for "Buy" scalp trade, although I do not see any yet. This can be 3-Drive Buy pattern or Double Repo on 4-hour chart.
Watch video for details



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[ochills]

Mr Ochills

Hi Mr Sive,
I strongly appreciate your analysis and am one of your follower but
you vedio analysis I am missing it greatly PLS help people like me,
instead of watching the vedio online PLS make provision so that we can download it and watch it on our PC offline instead of online.I am suggesting this becos of NETWORK PROBLEM.
Thanks Sive May the Lord Keep Blessing you and your family

 

[Recruit Dorell]

Hi Mr Sive,
I strongly appreciate your analysis and am one of your follower but
you vedio analysis I am missing it greatly PLS help people like me,
instead of watching the vedio online PLS make provision so that we can download it and watch it on our PC offline instead of online.I am suggesting this becos of NETWORK PROBLEM.
Thanks Sive May the Lord Keep Blessing you and your family

Hello, there are thousands of application that allows you to download videos from youtube. Just google it and you'll find what you are looking for
Max

 

[Sive Morten]

Hi Mr Sive,
I strongly appreciate your analysis and am one of your follower but
you vedio analysis I am missing it greatly PLS help people like me,
instead of watching the vedio online PLS make provision so that we can download it and watch it on our PC offline instead of online.I am suggesting this becos of NETWORK PROBLEM.
Thanks Sive May the Lord Keep Blessing you and your family

Hi, Ochills,
Unfortunately, the promotion questions are beyond me, I just make researches. I've noted about your request FPA administration.

Sive

 

[TraderJoe99]

Sive, thanks for the very good video. Interesting chart patterns to watch. Joe D and 3 drives, so I can see how I confuse the H/S on hourly for those. Every other newbie out there Fri. afternoon EST has reverse H/S pegged on the hourly as top choice for next week to get long.

Newbie observations are tempting, yet trendlines show the lower highs and lows in tact, and that 200 sma looks like a bounce up early next week, yet if hourly trendline holds, that .2870 might be resistance? for a pullback and then upside to .30? Maybe that is the right shoulder they are waiting for? As you mentioned, it is too shallow for H/S of magnitude.

I'll look at some of the Dinapoli patterns.

 

[kingbrat]

Hello Everybody,
Ok it is bouncing. but is it really a resistance ? can we BUY at 1.2760 ? the market is unpredictable who knows maybe it is Bearish again to 1.26. ? How sure are you that it might rise to 1.30 ?
Any advise ? can you pls reply me before monday morning ?

 

[Sive Morten]

Hello Everybody,
Ok it is bouncing. but is it really a resistance ? can we BUY at 1.2760 ? the market is unpredictable who knows maybe it is Bearish again to 1.26. ? How sure are you that it might rise to 1.30 ?
Any advise ? can you pls reply me before monday morning ?

Hi, Kingbrat

May be, who knows... I do not try to predict the future, I'm not a prophet.I make my analysis and share with you. In this video I've warned you that I don't like this kind of action and market can take off previous lows - that has happened, but that's not the point.
I see the levels and watch for signals. It works like this - I tell you about the levels, when the market reaches it, it does not mean that you should blindly buy or sell, just because this is a support or resistance. You should wait for signals, market action - and enter or not enter the market. That's all. Patient is gold...