EUR/USD Daily Video, March 08, 2011

[Sive Morten]

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.

 

[4x4Ever]

Possible DRPO on EUR/USD 1H

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:

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*

 

[Sive Morten]

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*

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

 

[4x4Ever]

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

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