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EUR/USD Daily Video, July 19, 2012

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Jul 19, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Aug 28, 2009
    Likes Received:
    Good morning,
    more bearish patterns have appeared on the chart, but now we have Butterfly "Sell" on 4-hour as well, so it could turn that market is not done yet with retracement:

    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 19, 2012
    Lasted edited by : Aug 15, 2015
  2. BenOm

    BenOm Private, 1st Class

    Mar 12, 2009
    Likes Received:
    Hi Sive,
    Your analysis of July 19 was simply brilliant. Thank you and FPA very very much.
    From 18 of July I was short several open trades rangind 1.2250-1.2280 aready. On the 19 the price went up to 1.2323 and the loss was huge. If I didn't know that a Stop Grabber is taking place, I would have closed all my positions. But I hold my position and was ready to keep them even up to 1.2365 just because I trusted your judgement.
    Luckily it retraced and I could close all my postions with a decent profit at a few pips below the WP.
    You are a jewel, what can I say? Thanks and God bless.


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