EUR/USD Daily Video, June 02, 2011

Sive Morten

Special Consultant to the FPA
Messages
18,571
Good morning,
Although market has hit 1.4330 and even turned to some upward move - I think that we need something more signficant to enter Long:




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.
 
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Sold 1 lot Euro at 1.4446

Good morning,
Although market has hit 1.4330 and even turned to some upward move - I think that we need something more signficant to enter Long:




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.


Ord short eur 1 lot at 1.4446 awaiting to TP at 1.4360 but keeping higher by 10 pips at 1.4370 for margin of error , SL at 1.4476. Ordered 1 long at 1.4330 SL at 1.4300 TP at 1.4456 ..

In either direction if stops trigger loss is minimized to minimum pips. Effective gain about 130 pips and risk is 50 pips for both trades. If one first trade is success and second one a loss still effective gain is about 40 pips for day trade.

EUR Over bought in hourly charts.
 
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MACD indicator

Hello Sive and many tanks for your hard work. Being located in the Eastern US I am at a great advantage (or not) in that I usually get your briefings a few hours after you post them. It allows me to see how things are unfolding based upon your comments. I have been sitting on the Cable for the past few weeks for a change but I noticed something in this session when you referred to the hourly chart, the MACD clearly showed the beginnings of a crossover but you went against it. What made you not use this indication?

Thanks again for your work.

Warmest Regards,
 
Hello Sive and many tanks for your hard work. Being located in the Eastern US I am at a great advantage (or not) in that I usually get your briefings a few hours after you post them. It allows me to see how things are unfolding based upon your comments. I have been sitting on the Cable for the past few weeks for a change but I noticed something in this session when you referred to the hourly chart, the MACD clearly showed the beginnings of a crossover but you went against it. What made you not use this indication?

Thanks again for your work.

Warmest Regards,

Hi Sazu,
I'm afraid but probably I do not clear remember this moment, that you're talking about. Would you please clarify a bit more, or better attach the picture?
 
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