EUR/USD Daily Video, June 05, 2012

[Sive Morten]

Good morning,
watch for 1.2445 area 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.

 

[erich]

hi Sive,
there is no sound in the video;
but we expect 1,2447 for enter long, correct?
thanks, Erich

ohh, sorry Sive, my soundcard crashed;
I have to buy a new one;

 

[Sive Morten]

hi Sive,
there is no sound in the video;
but we expect 1,2447 for enter long, correct?
thanks, Erich

ohh, sorry Sive, my soundcard crashed;
I have to buy a new one;

Yes, Erich,
just for future - if you have some problems with video - look for text version on the first page on Weekly thread.

 

[Sebastian Korytowski]

Hi Sive
I have a question about this level around confluence. I wanted to enter long, but becauce of that big thrust down i am a bit confused. I always wait for some harmonic patern like ab=cd or expansion 161% on lower tf. If macd d1 is bulish i wait for macd bulish on h1. Now because of this big thrust i wlill be sitting on hands and waiting for clear signal. What do you think about that sittuation that has happened on eur usd?

Best regards
Sebastian

 

[erich]

ohh, thanks; I will keep it in my mind to look for the text version!

although I anticipate the correct correction from 1,2540 downwards, but my stop was to close on the price; so I passed the short trade; but no way with another short scalping trade, because of abcence of a short signal;
don't touch the falling knife;

I agree with Sebastian Korytowski; what's your decision Sive?
thank's, Erich

ohh further downmove now!!!

 

[Sive Morten]

View attachment 5581

Hi Sive
I have a question about this level around confluence. I wanted to enter long, but becauce of that big thrust down i am a bit confused. I always wait for some harmonic patern like ab=cd or expansion 161% on lower tf. If macd d1 is bulish i wait for macd bulish on h1. Now because of this big thrust i wlill be sitting on hands and waiting for clear signal. What do you think about that sittuation that has happened on eur usd?

Best regards
Sebastian

Hi Sebastian - you way of thought is correct. If even we have found interesting level to enter, it is always better to get either lower time frame pattern, that confirms it's worthy or wait when price will confirm this level by shifting trend to bullish on hourly time frame. This is best way to act.

 

[macplauz]

EUR/USD blog

I follow your trading analysis since years and it is very helpful. I learned a lot. I currently do my own trading blog at Chart Analysis Forex (EUR/USD). Would be great to have your feedback if time allows. I also would like to inculde my blog posts into forexpeacearmy.com. Is this possible and where? Any forum?

Cheers and thanks a lot.

 

[Sive Morten]

I follow your trading analysis since years and it is very helpful. I learned a lot. I currently do my own trading blog at Chart Analysis Forex (EUR/USD). Would be great to have your feedback if time allows. I also would like to inculde my blog posts into forexpeacearmy.com. Is this possible and where? Any forum?

Cheers and thanks a lot.

Hi Macplauz,
Unfortunately, I can't answer on this question, since it's a bit beyond of my rights. Probably it's better ot contact Administrator with private message.