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EUR/USD Daily Video, June 16, 2011

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Jun 16, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    we've got strong clarification from the market yesterday. Although bearish sentiment is strong currently, market stands at support, so we need some pullback to enter. Still this pullback should not be deep:



    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 16, 2011
    Lasted edited by : Aug 15, 2015
  2. lang48

    lang48 Recruit

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    Is there EURUSD GBPUSD bullish Gartley on H4?

    Regards
    Lang
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Lang.
    Yes, this is "222". But CD leg is much faster than AB. So, I'm afraid that CD could be extended one to 1.618. Although some pullback could happen
     
  4. lang48

    lang48 Recruit

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    Thanks

    Thanks
    Lang
     
  5. Suwarno

    Suwarno Recruit

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    Hi Sive,
    i want to show you this picture, is this double repo sell on nzdusd ?

    thanks
     

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  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    To me it looks more as DRPO Look-alike. Because:
    1. Thrust is not solid;
    2. Consolidation between tops too long, compares to thrust;
    3. during first penetration market has reached 0.382 Fib support. This is not good.
    Positive sign is that second top is higher.
    you had to enter short at the small bar below 3x3 during second penetration.
    This DRPO has already hit the target. Usual minimum target is 1.0 extension from ABC pattern of the tops
     
  7. tun13

    tun13 Corporal

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    Hi Sive i asked yesterday that you should please give me a list of books that i can read to become a good Forex Trader,sorry to bother you.Thanks in advance.
     
  8. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Yes, sorry for delay, a bit lack of time...

    All that I can recommend to you is only that I've read by myself and that become suitable for me (because I've read a lot that do not use currently).

    1. DiNapoli "Trading with DiNapoli levels"
    2. L.Jouflas, L. Pessavento "Trade what you see"

    This books I find useful personally for me.
    But you should understand, that trading style is very personal thing. You never know in advance what will be perfect particularly for you. May be it will be Elliot wave theory, may be Fractals, may be classic Technical analysis, Fibonacci, Harmonic patterns.. candlelsticks...
    Don't look at these books as on final substance. You may try them, but there is no waranty that they will appear suitable for you.
     
  9. lang48

    lang48 Recruit

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    Thanks

    Thanks
    Lang
     

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