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EUR/USD Daily Video, June 02, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jun 2, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    Although market has hit 1.4330 and even turned to some upward move - I think that we need something more signficant to enter Long:




    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, Jun 2, 2011
    Lasted edited by : Aug 15, 2015
  2. davedubai

    davedubai Private, 1st Class

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    Sold 1 lot Euro at 1.4446

    Ord short eur 1 lot at 1.4446 awaiting to TP at 1.4360 but keeping higher by 10 pips at 1.4370 for margin of error , SL at 1.4476. Ordered 1 long at 1.4330 SL at 1.4300 TP at 1.4456 ..

    In either direction if stops trigger loss is minimized to minimum pips. Effective gain about 130 pips and risk is 50 pips for both trades. If one first trade is success and second one a loss still effective gain is about 40 pips for day trade.

    EUR Over bought in hourly charts.
     
    #2 davedubai, Jun 2, 2011
    Lasted edited by : Aug 15, 2015
  3. davedubai

    davedubai Private, 1st Class

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    SL triggered at 1.4476
     
  4. Sazu

    Sazu Corporal

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    MACD indicator

    Hello Sive and many tanks for your hard work. Being located in the Eastern US I am at a great advantage (or not) in that I usually get your briefings a few hours after you post them. It allows me to see how things are unfolding based upon your comments. I have been sitting on the Cable for the past few weeks for a change but I noticed something in this session when you referred to the hourly chart, the MACD clearly showed the beginnings of a crossover but you went against it. What made you not use this indication?

    Thanks again for your work.

    Warmest Regards,
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Sazu,
    I'm afraid but probably I do not clear remember this moment, that you're talking about. Would you please clarify a bit more, or better attach the picture?
     

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