EUR/USD Daily Video, December 15, 2011

[Sive Morten]

Good morning,
first part of your trading plan has been accomplished - market has established the new low, hit as 1.3003 as 1.2999 - our targets and proceeded a bit lower to force breakout traders jump in. Now we have to catch bullish patterns on intraday charts - if they will appear at all, of cause:




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.

 

[Judith3113]

EUR/USD no brainer shorting

Good morning,
first part of your trading plan has been accomplished - market has established the new low, hit as 1.3003 as 1.2999 - our targets and proceeded a bit lower to force breakout traders jump in. Now we have to catch bullish patterns on intraday charts - if they will appear at all, of cause:




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.

Thanks for that Sive...new to FX..did really well years ago trading equities but FX is a whole new game. Doing well staying short with EUR/USD...but not sure how to watch for bullish breakouts and attack those..also looking for ways to save on every trade......watching my spreads with various brokers...

 

[Don Quixote]

Hi Sive, Sometimes you use the 127.2% Fibb Level, are you using this as an extension number like with the 61.8, 100, 161% (eg, ABCD=127%) or as a retracement number on series AB (0,38,50,61,100,127)?.

Thanks in advance and thanks always for your videos..