This extended fundamental analysis is a great !!!
Many of us read news and statements of relevant officials but rarely understood them.
Your highlighting what is important is a really big help.
Thank you and great work as always :)
Hi Lucassius,
Sive uses AlpariUK MetaTrader and their server time is GMT.
That's why his charts have some candle more and some candles look different.
For example, your hourly chart doesn't have Sunday candle.
This was weak week for me :(
Tried to stay away from Bernanke.
I've not traded euro, gold killed me yesterday (why have I even tried ???),
only I managed to get some pips from yen, but also I missed a lot.
Conservatively waited deeper retracement and confluence areas but usd/jpy goes higher and...
20 SMA :o
it makes very similar trajectory as 100 SMA on 4hr chart.
I can't see on what time frame is your chart when you posted.
Just a question, I don't want to make any suggestion.
If you already use 20 SMA, why don't you use 25 displaced MA ?
I don't know, have you watched "DiNapoli Levels...
Well, it looks like falling wedge to me.
In this concrete case falling wedge which signals continuation.
I think the price will eventually go up and
I don't think it will fall below that dark blue line on your chart, what is it 100 SMA ?
max to 50% fibo
eeeh, euro, euro not even 50% retracement you didn't reach :mad:
how about yen, he finished his bread and butter and moves on.
i would gladly give up from euro, but then how can i learn from Sive :confused:
perhaps, it's time for me to try gold !? :rolleyes:
I see, thank you.
I know Elliott waves only basic from school, next time I won't try to understand, I will trust you on word :)
PS
I read and re-read what you said, and yes yes, I recall that I have read something like this in babypips school,
but I don't know Elliott waves that's for sure :)
Well, I'm waiting USD PPI at 14:30 (CET), maybe it will increase volatility and move the market.
Oh, and we have got upward break of triangle on usd/jpy hourly chart.
maybe it's begun :)
Minimax, why are you indicate that point as critical ?
I can not figure out what you meant.
PS
I...
I don't know for you people, but this euro just likes to torture me :D
We had only retrace to the WR1 and bounced up.
But I think double repo is still valid, price hasn't exceeded .681 fibo, which is exactly on monthly pivot.
Any thoughts ?
Do I keep my position and wait ?
I don't trust euro at...
Thank you, sir, thank you so much :)
This means alot to me.
Now I know I'm making progress.
And I should, I have a good teacher :)
Also, I have got answer for question which I've planned to ask about this specific first close below 3x3 MA
and "look-alike" double repo in last video.
Great \o/
eur/usd was a beautiful stopped on the 25x5 displaced MA on daily chart, reversed, and now it's forming double repo on hourly chart.
It should go back at 50% fibo (1.2980).
Also usd/jpy on daily chart, reached at fibo confluence, perfectly stopped on the 100 SMA and now, we have Bread&Butter in...
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