EUR/USD Daily Video, January 23, 2014

[Sive Morten]

Good morning,
price is still coiling inside flag pattern, but the nature of the action looks as retracement and has no impulse by far. This moment could be a sign of possible soon downward breakout:




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.

 

[Kleinerbroker]

Today perfect example for Golden Rule 1 : A stop is your best friend . Made no losses , only missed some nice floating profits. But lost floating profits do not cause bankrupcy, trades w/o SL do . KB

 

[Brett Reynolds]

..Sive I had this very funny feeling ALl week. The more you mentioned that 1.3475 level and the more I bought in..and the more I moved my Stop...I just new that it was tooooooo obvious!? So...I removed my Stops before after a statement from a friend of mine that he would short at 1.3620 which is the 21 Day EMA. He may have saved my Bacon!?

 

[jeff b]

1.3640 stoppped out..loss

 

[Kleinerbroker]

"date of expirey"

..Sive I had this very funny feeling ALl week. The more you mentioned that 1.3475 level and the more I bought in..and the more I moved my Stop...I just new that it was tooooooo obvious!? So...I removed my Stops before after a statement from a friend of mine that he would short at 1.3620 which is the 21 Day EMA. He may have saved my Bacon!?

Good thought.

It reminded me on a section of an old trading system I developed : My prediction should include timing . Example : If I assume, that after xing avg´s price will do "something" , than I should state simultaneoulsy (!) when this event should have happened latest . If timing passes this moment, than assume the analisis (prediction) lost its validity , it expired , and trader should step out . Sive made some side comments same direction 2 or 3 clips before, which make me believe, that he is doing something similar . I assume, he will let us know his experiences and share his lessons learned .

Best regards
KB