Euro FX Daily Video, August 31, 2010

Sive Morten

Special Consultant to the FPA
Messages
12,852
Good morning,

Market has not shown any sign of trhust yesterday around weekly Pivot, and, as you remember, there was a main condition for enter Long. So I hope you have done well, and did not enter the market on the Long side.

Currently, there is a possibility for very short-term trade (context will hold for 2-3 hours, I suppose). But usually, this kind of trades have a good probability of success. Just one note, concerning Double Repo trade - do not enter the market if you will not see second close above 3x3 SMA.

Watch video for details:

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.
 
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Pueo

Recruit
Messages
9
Thanks Sive :)

I'm reading Joe's book, really appreciate you taking the time to share!
 

TraderJoe99

Recruit
Messages
17
Asia testing top of the range for more upside London?

Asia as choppy pullback to .2700 key pivot after testing .2730 pivot. .2700 probably pretty decisive Wed trade action.
 
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