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EUR/USD Daily Video, December 16, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Dec 16, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    market confirms that this is just a retracement by choppy price action. If you trade it on long side - use trailing stop, since such kind of moves usually stop unexpectedly and fast.
    Still, there are some signs that market could proceed a bit higher:




    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.
     
    #1 Sive Morten, Dec 16, 2011
    Lasted edited by : Aug 15, 2015
  2. Ker

    Ker Recruit

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    contract question

    Sive,
    why are you trading futures contracts instead of spot forex, is there any advantage of doing this?

    Thanks in advance for your help.
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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