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European Forex Professional Weekly 2009-08-27

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Aug 28, 2009.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Nobody is perfect, especially on market. Sitiation can change dramatically, just from 1 word of somebody, like B. Bernanke, but such moments are besides us. We can only react on this, change our view on situation, that will based on new information.

    The best response may be the one that Lord John Maynard Keynes gave when he was criticized for changing his position on a major economic issue: “When the facts change, I change my mind. And what do you do, sir?”

    But for now my point of view is in my research and I hope, that during the next week there will be no such events...
     
  2. foreman01

    foreman01 Recruit

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    Thank you Mr. Morten for sharing your analysis with us.
    And thanks to FPA for providing us with their many services.
     
  3. Pharaoh

    Pharaoh Colonel

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    This looks fascinating. I can't wait to see more.
     
  4. Hobs

    Hobs Recruit

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    Thanks for the profit

    Hello,

    I wanted to say thank you very much Mr. Morten. I set up a position trade and was in at 1.43720 and again at 1.43622. these levels corresponded to your analysis and to the 100 % retraction on the 4 hr chart.
    I closed the positions to day for a 113 and a 145 pip profit. (corresponds to 62% retraction and 50% retraction).

    I look forward to hearing more of your analysis..

    Hobs
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Dear Hobs,
    It is great, that my thoughts were useful for you. But in weekly researches I try to concentrate on general direction of the market and factors, that could drive the market. My primary occupation is driving macro fund, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.

    Although I gave some "trade possibilities" they were quite approximate and have shown just general direction of market that I'm waiting for.

    Trade recommendation demands more detail information about entering, target profit, stop loss levels and alternatives if situation will change. It should be REAL trading plan. And it should be much shorter, than weekly research ;)

    That's why, I strongly recommend compare different research information with your own trading plans and thoughts, and then make a decision.
     
  6. sparky3ph

    sparky3ph Recruit

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    TA values

    Sive,
    Thank you very much for your analysis, it is very insightful. Could you post your TA indicator vlaues.

    MACD 12,26,9 ?
    SSto 8,3,3
    Osc ?

    Kind regards,
    Sparky
     
  7. Sive Morten

    Sive Morten Special Consultant to the FPA

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    MACD 8.3897;17.5185; 9.0503
    Stoch 8,3,3
    Ocs 1,7
     
  8. kim jackson

    kim jackson Recruit

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    Managed Trader

    Is Sive Morten a managed fx account broker? I like his insight and knowledge
    and lookiing for a managed broker for my account.
    Thanks
     

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