Daily Video, EUR/USD, September 08, 2010

Good Morning,

Yesterday market has shown solid sell-off, and our expectations, concerning possible reversal have not been met by the market, because price did show any sign of retracement from Fib. support.

Currently there are a lot of different scenarios. Much depends from a price action in nearest future. Also there is a possibility for short-term scalp trade.



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.

 

Hey Thanks For all Sive! I have made money with all your signals and not wasted money on losing trades thanks to you too!!! hehe Thanks!

 

Hi Sive!

As i look EU pair now it is a perfect Elliott wave (1D/4H chart) and should be one more leg down in next 2 weeks. now in few days little retrace up to fib 61,8% supp @ 1.2819 and then as u said in video down to target around 1.2450 (61,8% retracement of 1.1876 to 1.3333 @ 1.2433(~1.2450). Because wave now is so perfect there must be a perfect end


wr, tadej

 

Hi Sive!

I'm learning the wave reading, if you could mention the price in the video that would be great rather then "Over Here".

 

hi sive

hello i m new t forex i will use ur method today
thanks 4 doing gr8 work