EUR/USD Daily Video, October 20, 2011

[Sive Morten]

Good morning,
market is continuing move down, but there is very tricky situation on the market currently. Also let's take a look at both sides of the coin:





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

 

[erich]

what we do now?

hi Sive,
first thank you for your energy for the daily analysis!

what's the plan after this 100pip H1 candle?
sit and wait for clear patterns?
I suggest, if this candle wouldn't be erased by the market, it should be
the right wing of the bearish butterfly; or is the market completely confused
about the political situation and the confidence into the instruments to solute
these crises?
greetings, Erich

 

[Sive Morten]

hi Sive,
first thank you for your energy for the daily analysis!

what's the plan after this 100pip H1 candle?
sit and wait for clear patterns?
I suggest, if this candle wouldn't be erased by the market, it should be
the right wing of the bearish butterfly; or is the market completely confused
about the political situation and the confidence into the instruments to solute
these crises?
greetings, Erich

Hi Erich,
yes, I think that to wait a bit is a wise decision now.

 

[erich]

thanks

thanks Sive!

 

[tony mau]

Thanks

Hey Sive

Thanks again. I think i will sit on my hands for a while and hope that marked will erase the 100 pips and take position again.


Kind regards Tony

 

[FXsamurai]

Eur/usd

EUR /USD has been great to me the last 10 days
with the increased volitility there are pips to be made all over the place

EUR/USD has been ranging at least 100 pips or more the last few days
either going long or going short the pips were there to be made
I hope it continues
The Market is never confused
its we who try to ride the waves of it oceans