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EUR/USD Daily Video, October 24, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Oct 24, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    market has reasons to proceed lower even may be to 1.2880-1.29 area within current week:





    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 24, 2012
    Lasted edited by : Aug 15, 2015
  2. Apfelsnutz

    Apfelsnutz Private

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    Great job Sive! So far,So good ! I must take a look at the Joe DiNapoli system. These indicators look pretty Wild.

    Thanks, Ron Applegate
     
  3. lambo99

    lambo99 Recruit

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    Hi Sive
    Have been trading now for a year and when I first watched one of your videos I said to myself how am I ever going to understand the fx market. But thanks to you and the FPA it is now all making sense. I have had my best trading month to date yet. The videos are great, and would have given up by now if it wasn't for them and the complete forex course.
    Thanks again
    Josh
     
  4. allan vincent

    allan vincent Private, 1st Class

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    Again, thank you Sive. this is the second really sharp fall, wonder if another 38.2 % ish pull back will occur then a third? Thank so much Sive.
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Allan,
    I see you're from NZ. Is it really should be re-named to Middle Earth for Jackson Premier of Hobbit? I mean Wellington...
     
  6. FreddyFX

    FreddyFX Sergeant

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    I wonder who invented these INSANE remarks about:
    you are responsible for your own trading

    Is there any other way???

    Whatever I do, I will ALWAYS be responsible for my own actions.

    Why do these remarks need to be repeated and repeated every presentation there is around about trading??!!
     
  7. FreddyFX

    FreddyFX Sergeant

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    On another note.

    Sive.

    I have noticed you basically NEVER mention anything about political or other effects on the price moves.

    REMARKABLE you evaluate the moves of the EU day by day purely on technical issues !!

    Even my wife loves what you give us every day.
    (she is a financial analyst)
     
  8. marc123

    marc123 Private

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    thank you .
     
  9. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Buddy,
    you probably do not believe it, but it could be. When I get next regular mail as "I've open short by your recommend, but now I'm in trouble...", I start to think about whether I ever should give any precise numbers. Thus I try do not do this, just to not tempt forumers, although I could.
    The problem is that all of us are different mind set and experience. Some traders that have my recomendation and have taken position by it - could react correspondingly if they will catch early that price action is curious, but others with less experience will sit on hands till the bitter end, just because "Sive said that". I'm trying to avoid this. Besides, my task here is to learn people think and make own analysis, but not just put buttons of my trading plan. I can do it by myself. ;)

    That's just because this is my job and major purpose of my forum part - to make pure technical analysis of EUR/USD. Although personally I mostly deal with investment valuation and fundamental analysis, since my primary occupation is to choose assets to invest in for long-term period.
    I'm not even trade currently in direct meaning of this word. I just post trades by my analysis on demo, but mostly to not forget what particularly I've recommend yesterday and to watch what has happened.
     

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