EUR/USD Daily Video, August 08, 2011

[Sive Morten]

Current market environment is very exciting and it could turn so, that we stand at major point now that could determine price action in medium term:




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.

 

[Geert Anthonis]

Still expecting a drop to 1.4150 area?

Hi Sive,

I could not believe my eyes this morning. The marker opened the EUR/USD at 1.4432. Much less than I had expected after the news over the weekend. I was reluctant to buy gold but man did it soar. Anyway, question is do you still expect a retracement to 1.1450 or do you know believe what you said near the end that the market may not go down at all (or all that much)?
It has gone down a little but all the way back to 1.4150 seems unlikely any comments before the US markets open? Thank you in advance

 

[Sive Morten]

Hi Sive,

I could not believe my eyes this morning. The marker opened the EUR/USD at 1.4432. Much less than I had expected after the news over the weekend. I was reluctant to buy gold but man did it soar. Anyway, question is do you still expect a retracement to 1.1450 or do you know believe what you said near the end that the market may not go down at all (or all that much)?
It has gone down a little but all the way back to 1.4150 seems unlikely any comments before the US markets open? Thank you in advance

Hi Geert,
Now I see some short-term bearish signs on hourly chart and have small short position with tight stop for possible perspective of retracement.
Pay some attention to weekly thread - sometimes I post comments there on current situation. It's better to track not only video thread but both of them:
https://www.forexpeacearmy.com/forex-forum/sive-morten-analysis/16362-forex-pro-weekly-august-08-12-2011-a-2.html#post69581

 

[asif faryad]

Anaylis Just great!!!!!!!!!

Dear Sive,

Thank you for your in valuable training on the markets for all types of traders from positional day and scalpers.

I follow and read your weekly thread as its vital to trading plans as you make it very clear that things can change and they do certainly!!!

I have done 500 pips in profitable trades thanks to you Sive.

Its much appreciated to mainly you and to FPA for this website.


Look forward to your anyalis tomorrow.

Asif

 

[davedubai]

target hit

Dear Sive,

As indicated the EUR has hit the target still waiting for some confirmation signal to long however missed to enter at 1.4130 but will wait some specific signals which is still missing ..

Are you long ? if yes stops ?

 

[asif faryad]

Stops

Dear Dave,

I suggest you to have a deep look through Sives weeky thread as he states everything on this dependant on the type of trader you are.

Hope this helps. Stop can be places below the previous lows or fib resitance.

Best Regards

Asif