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, July 06, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jul 6, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    12,305
    Likes Received:
    17,067
    Good morning,
    By yesterday's price action market has re-established bearish bias. But currently price has reached daily oversold at some support levels. So we need a bounce to sell:






    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, Jul 6, 2012
    Lasted edited by : Aug 15, 2015
  2. minimax

    minimax 2nd Lieutenant

    Joined:
    Dec 2, 2010
    Messages:
    1,212
    Likes Received:
    104
    Agree, and volatility can make everything to change direction because if I am correct and we just W&R LL at 1,22866 we are ˝just˝ 120/130 pips from point where I expect to topped before NFP; at this moment I am waiting to buy

    EURUSD_070612_5M_Projection.
     
  3. Kingrex

    Kingrex Corporal

    Joined:
    Apr 12, 2010
    Messages:
    83
    Likes Received:
    0
    no offense Sive but your analysis this week and last week have been completely OPPOSITE of what actually happens. hoping next 2 weeks will be drastic improvement.
     
  4. Louis123321

    Louis123321 Corporal

    Joined:
    Nov 27, 2011
    Messages:
    166
    Likes Received:
    0
    I agree with this, however the market is unpredictable, don't only trade on what Sive is saying, he always says 'maybe'.. I guess that is for the obvious reason that the market can't exactly be predicted, I mean if he was right he would be a millionaire right.

    I too have been following this analysis the last week & losing money............. :/ But normally Sive makes me money, so hopefully things will pick up! Retracement is over so this should simplify the direction of the market again & let us recoup our losses.. EG: SELL SELL SELL ... :)
     
  5. forxme

    forxme Private, 1st Class

    Joined:
    Feb 9, 2012
    Messages:
    28
    Likes Received:
    4
    How do you know he isn't a millionaire.
     
  6. stranik

    stranik Private, 1st Class

    Joined:
    Nov 16, 2011
    Messages:
    35
    Likes Received:
    4
    It is really relavant to the currency :) Aren't we all millionaires in JPY?
    Happy weekend all
     
  7. RahmanSL

    RahmanSL Major

    Joined:
    Jan 16, 2010
    Messages:
    2,526
    Likes Received:
    218
    Nothing is predictable in life, and that's why we all want to live.
    Same with forex! If it's so predictable, there will be no forex market.


    "Aren't we all millionaires in JPY?"
    Billionaires many times over in Indonesian Rupiahs...or other developing countries' currencies :p
     
  8. asif faryad

    asif faryad Sergeant

    Joined:
    Aug 7, 2010
    Messages:
    194
    Likes Received:
    0
    Hi There,

    I couldn't help but reply to your post..

    As i am a consistent professional trader thanks to Sives Mentoring..

    I must of been reading The anyalis incorrectly as if you follow Sives weekly thread he always gives you the different probabilities on which time frame you trade and if you are a positional or short term trader etc etc etc...

    I personally am a longer term trader and the anyalis has been spot on... as far as i am concerned...

    Also the market can do anything it wants at any given moment with random outcomes,as its based on probablities...

    As most of the time if you are a scalper for example you will get taken out most times as due to the noise on the shorter time frames ..

    As lets not forget that that the Euro on a longer time frame is expected to hit 118000 or lower so in between will get false rallies just look at any daily chart it goes up and down :)))

    I am not critcising you just making a few obersvations as for me and a lot of other Traders Sives anyalis is a very valuable edge for us...

    PS:::Hello to Morten turtle traders hope all of you doing great!!!!
     
  9. Lolly Tripathy

    Lolly Tripathy Master Sergeant

    Joined:
    Jul 23, 2010
    Messages:
    493
    Likes Received:
    238
    U are 100% correct my friend Asif..
    sive is a mentor who is helping us not a signal distributor......
    anyone can use his analysis as a reference, 1st make ur own trading system/plan/style then combine with sive sir analysis
    so it will help u a lot..:)
    GoodLuck all of my frenzz
    Wish u all MANY GREENPIPS"
     
  10. stranik

    stranik Private, 1st Class

    Joined:
    Nov 16, 2011
    Messages:
    35
    Likes Received:
    4
    I agree with Asisf, RahmanSL and Lolly.
    You are in fx market to make your own decision and your own mistakes.
    Unlike Asif, I am a short time trader. Well, I am in the positive territory for the past couple of weeks...
    I actually value Siva's posts and the input from this forum greatly - I am learning a lot. I read every Siva's post, even though I am mainly trading Asian currencies.
    Cheers
     

Share This Page