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EUR/USD Daily Video, March 08, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Mar 8, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    the first part of our trading plan has been achieved - market has hit 1.4033 target.
    Day traders should wait for pullback, while intraday traders can try to run on this possible retracement down:




    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, Mar 8, 2011
    Lasted edited by : Aug 15, 2015
  2. 4x4Ever

    4x4Ever Private, 1st Class

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    Possible DRPO on EUR/USD 1H

    Hmm this looks interesting. Does this not look like a possible DRPO on the 1 Hour EUR/USD shaping up? Got my fingers crossed, watching and waiting :)

    Thanks to all your great analysis Sive I am starting to get this stuff. Thanks again for all you do.

    ~Markus

    *update on image, now below 3x3*
     

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    #2 4x4Ever, Mar 8, 2011
    Last edited: Mar 8, 2011
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi, Markus
    This is not DRPO - poor thrust. And now you see the further development - definitely not a DRPO.
     
  4. 4x4Ever

    4x4Ever Private, 1st Class

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    Yes thanks for replying. I was a little excited at first as it looked like it might be starting to form at first. As time went on though it was obvious it wasn't materializing. I think time wasn't on its side because it was happening towards the NY close and volume was weak. Maybe next time :)
     

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