EUR/USD Daily Video, March 07, 2012

[Sive Morten]

Good morning,
Currently there is lack of patterns on EUR, so all that we can focus on is trend:







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.

 

[Adam Wyn-Roberts]

Dear Sive,

Are there any patterns appearing yet,
I really feel like I should short right now - but I can't,
because I can't back up this feeling with technical analysis

Sive? Anyone? A little help here, please

Adam

 

[forexboom]

Hi Sive,

where is CQG?!?!? DiNapoli indicators gone?

I noticed you are using Alpari UK MT4, is good, and daily candles are ok .I may sudgest to go to fibonacci indicator properties and in the level description add %$ to show not only the level % but also the level price.

May you return back to CQG?

Thank you!

forexBOOM

 

[Sive Morten]

Hi Sive,

where is CQG?!?!? DiNapoli indicators gone?

I noticed you are using Alpari UK MT4, is good, and daily candles are ok .I may sudgest to go to fibonacci indicator properties and in the level description add %$ to show not only the level % but also the level price.

May you return back to CQG?

Thank you!

forexBOOM

I suppose that you're right about CQG. Unfortunately, now my job has changed a bit and I do not need CQG. That's why I was passed to another software...
I will have Reuters DataStream soon, but this platform quite poor for technical analysis. Also I have Bloomberg, but it is also not suitable for me.
So, currently I have no choice, but make researches with MT4. But It's OK. MT 4 is nice also.

 

[Sazu]

I would at the least wait for some retracement and see if it breaks a major level on the Fib.

IMO

Dear Sive,

Are there any patterns appearing yet,
I really feel like I should short right now - but I can't,
because I can't back up this feeling with technical analysis

Sive? Anyone? A little help here, please

Adam

 

[Adam Wyn-Roberts]

Did I see 38.2 retracement hold on hourly chart @ 1.3163

Anyone?

I just think I'll give up for today now, I sold a bundle @ 1,3149 and collected @ 1.3138,

that will hold me for now

Sive, on a totally unrelated subject:
I'm wondering; why the heck do you live in the Russian Federation???

Did I miss something, is life there better than here now?

Regards,

Adam