EUR/USD Daily Video, August 05, 2011

[Sive Morten]

Good morning,
market has shown acceleration to the downside yesterday, and probably this move will continue. Theoretically, market has no reasons to show any retracement, but if it will, we can use it to enter short:




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.

 

[jkgoh]

Bullish ?

Hi Mr. Sive,

Please comment on this picture. Thank You.

 

[Sive Morten]

Hi Mr. Sive,

Please comment on this picture. Thank You.

Nice glass painting or mosaic, I think I could hang it in my dining room...

Seriously speaking, it's hardly overload with different tools, that makes it almost impossible to analyze or comment.
Use only tools that are absolutely nessesary currently.

Unload it a bit and post again ok? And we will discuss it...

 

[asif faryad]

Anaylis

Thank you Sive,

Very good and accurate info for all types of traders.

Have a lovely weekend


Asif

 

[kmf1414]

Hello,

Sorry for asking again,but what is the difference in pips between Sive's futures price and our spot price? For example, when he said today to go short at 1.4161 at first, what is that on the spot forex charts?

Thanks

 

[asif faryad]

spot and future Quotes

Hi

The difference between the futures and spot prices on average is about 30/35 pips.

so on the spot you could have shorted at 14190 or higher as Sive mentioned in his Analysis.

Hope this helps.

Asif

 

[kmf1414]

Thank you so much Asif

Hi

The difference between the futures and spot prices on average is about 30/35 pips.

so on the spot you could have shorted at 14190 or higher as Sive mentioned in his Analysis.

Hope this helps.

Asif