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EUR/USD Daily Video, June 20, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jun 18, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    market stands at crucial area for medium term perspective. Depending how it will behave there will depend - will we see 1.37 or 1.52 in mid-term




    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 18, 2011
    Lasted edited by : Aug 15, 2015
  2. Sazu

    Sazu Corporal

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    Setting up a trade?

    Hello Sive,

    Great briefing! I would like your opinion on a possible trade set-up based upon the latest information from the EUR-USD.

    Would it be a practical trade set-up to open a OCO based on the following, for the Long side set your entry point at or around 14418 and a Short side entry at or around 14198?

    Just asking :)

    Thanks you very much for your efforts.
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Sazu.
    Difficult to say. This is more depend on trading style. I prefer to pull the trigger only when I see real pattern, that tells where to enter, place stop, etc.
    Your approach is a bit gambling or blind enter, since your foundation here is just strong resistance. So, how could I say? speaking technically - you can do this :) But how it will turn, who knows...
     
  4. DJN

    DJN Recruit

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    Web site address

    Hi,

    Thanks for your once again great report, what is your web site address please.

    regards,
    DJN
     
  5. mazenddl

    mazenddl Recruit

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    that mean i sell on eur ??
     
  6. Don Quixote

    Don Quixote Private

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    Hi Sive, thanks for the great analysis. Just a quick question; your graphs show a low of 1.4041 and 1.4091 for the EUR on the 16th and 17th of June, whereas my broker charts (and cross referenced to FXCM, and YahooFinance) shows lows some 30-40pips higher?

    Thanks
     
  7. Monktrader

    Monktrader Recruit

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    Hi Sive, firstly I would like to thank you for your excellent EUR analysis. Watching your daily video has help me enormously over the past few months.
    On a second note, I am also confused like Don Quixote as to why your charts show a price around 30-40 pips higher than FXCM? Your chart shows the recent high of 1.4303 where as FXCM shows 1.4338. Which is 35 pips higher?
    Many thanks, Dan
     
  8. Jet2

    Jet2 Recruit

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    Hi Sive,

    Thanks for the great analysis.

    As you can see from the posts above, people are confused by the prices shown on your charts, because 99% of us use spot charting/pricing and you use of EUR futures contract.

    Any particular reason for you NOT to use spot? Would you please make it easier for us and start using spot charting/pricing?

    Thanks & cheers,

    J.
     
  9. ArminM

    ArminM Recruit

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    Hi Jet2,

    All you need to do, is draw your own trendlines, channels, fib retracements and pivot levels in according to what Sive is showing us - then you will have the correct pricing on your own charts.

    Effectively, do your own technical analysis within your software in accordance with Sive's guidance and you'll have the exact prices you need.

    Works for me.
     
  10. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Because I need some specific tools for analysis, that only CQG has. Since CQG software has a module system of the market - you can pay for seeing only those markets that you need. Spot and futures are different and both cost money. So, my work is to deal with futures. I do not need spot - and I do not have CQG spot FX module.
    Still, I can see it with free soft as MT4.

    Thanks, Armin. That is what I usually tell to everybody.
     

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