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GBP/USD Daily Video, October 14, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Oct 14, 2010.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Cable is continuing to form 3-Drive sell pattern with the target around 1.6070-1.6080.
    Yesterday it has returned above weekly pivot point, so I think that we can enter Long on intraday retracement with target of 3-Drive Sell daily pattern





    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 14, 2010
    Lasted edited by : Aug 15, 2015
  2. catpath

    catpath Recruit

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    catpath

    how do I access your video presentation?
     
  3. danc

    danc Private

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    spot on Sive..

    Got it going up for abt 65 points am now short 1.648..Spot on ..Sive.. Thank you ..did well out of Cable yer day using same same..ext fibo and pivots..
     
  4. wade pugsley

    wade pugsley Private

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    Sive,

    What would be the target of the 3 drive pattern (downside target?)

    Thanks
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Wade,
    Well, usually, the nearest target is a low between second and third drive, but sometimes 3-Drive sell is only a start up point for deeper retracement...
     
  6. Paul McConnell

    Paul McConnell Private, 1st Class

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    WOW!

    What can I say Sive?
    WOW!
    I think conservative on downside target as $ is so suckish at the moment.
    Regards,
    Paul
     
  7. Jyotiprakash Pal

    Jyotiprakash Pal Sergeant

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    Little video but loads of learning :) :) thanks again Sive Sir
     
  8. cosmos

    cosmos Sergeant

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    Hi Sive. I have a question about the EURUSD. I assume these same patterns apply to the longer time frames. On a monthly time frame on the EURUSD, could we be in a Bullish 3-drive pattern fom the high of 1.6037, with the achievement of 1.4575 as the C retracement and then possibly expect a decline to 127.2% at around 1.13 and then a strong buy after that? I am not sure what indicator(s) you use to determine if an A-B-C-D pattern might evolve into a 3-drive pattern. Thank you.
     
  9. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi, Cosmos
    It will be much better if you attach some chart...

    But, you can look for some recent researches on EUR in Archive - It seems that I've looked at this scenario, that you're talking about.
     

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