1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

EUR/USD Daily Video, October 12, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Oct 12, 2010.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    11,370
    Likes Received:
    14,537
    Good morning,
    our short-term trading plan on Cable has worked well, so let's shift to EUR...
    I have a long term bullish view on EUR, and there are some signs on weekly time frame, that make me thing that EUR should reach 1.50 area, but after some retracement to the downside

    In shorter term rather, I suspect that pair is ready for retracement. There are two possible scenarios of this retracement can appear on daily time frame...





    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, Oct 12, 2010
    Lasted edited by : Aug 15, 2015
  2. danc

    danc Private

    Joined:
    May 15, 2009
    Messages:
    10
    Likes Received:
    0
    Cracker..

    CRACKER...Sive..Thank..You..
     
    #2 danc, Oct 12, 2010
    Lasted edited by : Aug 15, 2015
  3. akalou

    akalou Private

    Joined:
    Aug 19, 2009
    Messages:
    21
    Likes Received:
    0
    Any Hope For The Text Version

    :embarrassed:GREETING SIVE, PLS IS THERE ANY HOPE OF READING THE TEXT VERSION ,YOUR CONTINUOUS ASSISTANCE IS HIGHLY APPRECIATED.
    THANKS
     
  4. Vegas

    Vegas Private, 1st Class

    Joined:
    May 26, 2010
    Messages:
    42
    Likes Received:
    0
    What happened to 1.3030 ?

    Hi Sive,

    I am confused.

    Dont get me wrong, I am a (beginning) true believer in Joe DiNapoli levels/ Sive Morten analysis. I have just today received "Trading with DiNapoli Levels" book from fibtrader.com. I have a lot of study ahead.:)

    Last week I stupidly entered early.... short(through lack of experience) on what I thought was retracement to the downside with target of 1.3030.
    EUR/USD now looks like bottom of 1.3683 or (if I'm lucky?) 1.3458 before retracement to 1.50. 4H chart shows breakout from channel... and perhaps some hope for my short position...I think I'm looking at a loss ....but how big? What happened to 1.30 target?

    Just for knowledge Sive....the decisions are my own!
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    11,370
    Likes Received:
    14,537
    Hi Akalou,
    I've tired to repeat again and again, that the text version is in the weekly thread - Forex Pro weekly, update for today.
    Guys, please don't scream here, just move a bit with your fingers and look at my topic carefully.
     
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

    Joined:
    Aug 28, 2009
    Messages:
    11,370
    Likes Received:
    14,537
    Hi Vegas, I do not remember exactly about 1.3030, but looks like it was COP target at 1.3489, that you're talking about, because 1.3030 was a month ago...
    Well, you should understand that existance of resistance and/or target does not mean that market should reverse there. It just tells us, that there is a barrier ahead and we know that ahead of time. This is our advantage. Other words we know where we should look for some signs of weakness.
    Second step - is to wait for this signs of weakness. For expample, like in current situation - we know that market has reached monthly/weekly overbought, weekly OP and monthly pivot resistance 1. But it does not mean that we should just jump aboard. Of cause you can do that, and may be will be right. But this is not propriate from probability point of view.

    So, we know this level in advance, ok? Now we should drop time frame to daily and wait for some bearish signals - as I've told in video, DRPO for example. When we will get confirmation - that's it, we can enter, but not before that.
    Of cause we can then recieve DRPO failure - but this is also a directional signal and we know what to do then. So, we have a good trading plan for any case.
    This is how it in general works.
     
  7. Paul McConnell

    Paul McConnell Private, 1st Class

    Joined:
    Jul 21, 2010
    Messages:
    66
    Likes Received:
    0
    Hello

    Astonishing analysis.
    NZD EURO & GBP
    Thank you Sive
    Regards,
    Paul.
     

Share This Page