EUR/USD Daily Video, July 19, 2012

Sive Morten

Special Consultant to the FPA
Messages
13,154
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.
 
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BenOm

Private, 1st Class
Messages
30
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.

Bernard
 
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