1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

EUR/USD Daily Video, January 04, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jan 4, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    11,854
    Likes Received:
    15,803
    Good morning,
    situation on EUR becomes hotter. Although market didn't show DRPO Sell, and has not reached 1.3440 area yet, I think It should to in nearest future.
    We have some targets and strong resistances that coincides in tight range,
    So, look for sell signals around 1.3470, stop could be placed above 1.3540 area:





    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, Jan 4, 2011
    Lasted edited by : Aug 15, 2015
  2. Adam Wyn-Roberts

    Joined:
    Oct 31, 2010
    Messages:
    21
    Likes Received:
    0
    retest?

    Dear Sive,

    We only got to 1.3435
    and my positions didn't open (set at 1.3450 and higher ...)

    Will, in your opinion, this level 1.3450 - 1.3470 be retested
    or are we on the way down from now?

    with kind regards,

    AdamFX42
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    11,854
    Likes Received:
    15,803
    Well, current move on market is not very strong and personally, I do not feel myself comfortable, when profit objective is just above the market. Odds suggest that usually market reaches the target before turning.
     
  4. Adam Wyn-Roberts

    Joined:
    Oct 31, 2010
    Messages:
    21
    Likes Received:
    0
    Thanks

    Thank you Sive for the reply,

    I was inclined to follow that train of thought,

    and it's great to get acknowledgement from the master ;)

    But seriously, it is difficult when you don't have your experience - like me,
    and tend to make mistakes ..

    like yesterday, I jumped in too soon - when we went (ever so slightly) below 1.3280 barrier,
    only to see the market go back up to 1.3380 almost immediately ..

    But I will be a good boy from now on - hold my positions, and wait for it.

    It is so great to be able to partake in your accumulated wisdom,

    thanks again, and with respect,

    AdamFX42


    p.s Do you like red wine?

    If you keep making me money, I will have to try and get a nice bottle to you
    :D
     
    #4 Adam Wyn-Roberts, Jan 4, 2011
    Last edited: Jan 4, 2011
  5. Vegas

    Vegas Private, 1st Class

    Joined:
    May 26, 2010
    Messages:
    42
    Likes Received:
    0
    Red Wine....

    "AdamFX42


    p.s Do you like red wine?
    If you keep making me money, I will have to try and get a nice bottle to you"

    I'm right with you on his one Adam......perhaps a bold Aussie Shiraz???

    I hope to meet the great man in person one day so I can shake his hand and fill his arms with wine.

    Thanks for the education Sive....and good luck to everyone in 2011.

    John.
     
  6. selenat28

    selenat28 Recruit

    Joined:
    Dec 9, 2010
    Messages:
    6
    Likes Received:
    0
    Hi Sive, thanks for your analysis, I was so looking forward to your E/U video this morning, now that euro has make lower low, will the 13450-70 target still valid ? Thank you so much!

    best regards from the east
     
  7. edzfx

    edzfx Recruit

    Joined:
    Nov 19, 2009
    Messages:
    5
    Likes Received:
    3
    Hi so its still a target 3450-70 this week based on the current move down below 3250?

    Ed
     
  8. Robb702

    Robb702 Recruit

    Joined:
    May 16, 2010
    Messages:
    4
    Likes Received:
    0
    Well, I too am interested in your view on the current situation, Sive. The 1.3285 is clearly broken to the downside and is showing resistance now. The euro doesn't show much strength. On the other hand, it is not going really fast.

    Thanks for your great insights!!! I am a follower.
     
  9. georgeta

    georgeta Sergeant

    Joined:
    May 25, 2010
    Messages:
    157
    Likes Received:
    0
    Trade context

    Hello Mr. Sive!
    In one of your past videos you told us to close the trade if the context had changed. Do you think is the case with today AUD trade? It just went up for a few pips to accomplish the AB=CD signal but then it turned under the 0.382 resistance.
    Thank you verry much for the great and proffesional job that you are doing!
     
  10. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    11,854
    Likes Received:
    15,803
    Yes, market has not accomplished 1.3440 target absolutely. As we've discussed - if market will break 1.3270 area to the downside - this could lead to 1.2840 area. So, I think that the retracement from recent swing down could be used for short position.
    I'm sorry, guys, but I can't predict reverse points pips-to-pips. ;)

    Well, B&B is very tricky pattern, because it's difficult to say precisely, where market should turn. As pevious bullish signals have been erased, I think that better way to enter in this trade is to wait until solid thrust on hourly time frame and enter on the retracement from it. Currently I do not see it.
     

Share This Page