Momentum
Hey Shango, momentum looks too high, I think this is going down. Good call, you may still be right but my experience seems to point to downward continuation. Go to go to work so may not reply, I enjoy your posts.
TraderBob
Length of stay
Hi Sive, we all really appreciate your work. A question I have is how long do you plan on staying? Do you have a contract with Felix for a set period of time? I need to plan my retirement ;-)
3 Drive Sell
We may have a 3 drive sell (1 hr TF). First Drive at 1.3340, second at 1.3400 and the last at 1.3444 and now we have had a sell off with a small ABCD on 15 minute. A break below 1.3284 would confirm.
Hey Nicloebobbin, what is the typical target for a crab formation?
also check out Forex Trading Online: Foreign Exchange (FX) Trading | Currency Trading and click on "school" its a great resource for fx in addition to this website which is pretty awesome.
Thanks
Hi Sive,
Thanks again, I made some great pips this week. I appreciate your work and look forward to your analysis each day even though I may not post often.
Do you have some good sources for the Joe D. analysis? (books or similar, is it available on amazon.com) Do you use his...
confirmation
Sive, does this last push up qualify as the last of the 3 drive sell?
Do you take into account news events, right now I think the market is waiting the ADP report.
Thanks, I read you every day and it is a tremendous help.
Butterfly
Hi Sive, so the price action just went straight up, did we just eliminate the butterfly pattern?
What is the likelyhood this will retrace to the levels you indicated at this point.
Thanks
I am not as experienced as Sive but my guess the drop is due to Bernankes comments about there is no plan to purchase bonds as the moment. This may or may not be a turning point.
Work in this field of study
Sive, how does one end up finding work in this field of study. I find this work fascinating and would like to make a career out of it. I have an engineering degree and an MBA. How did you end up finding your career.
Futures chart
Sive, is there a free chart package somewhere that we can use that is based on futures like you use or is your chart package available for the public to use? Thanks.
Bear Flag
Sive, could we be forming a Bear Flag here, see this link.
Trading Stocks Chart Patterns: Bear Flag
If so our target would be the 1.3950 area.
Eur/Usd
I know why E/U is behaving like it is. ON the WEEKLY timeframe it just blew through a resistance line set by July 2008 and Nov 2009, then it came back and retested this now new support line and bounced off.
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