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USD/CHF Daily Video, January 21, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jan 21, 2011.

  1. Vegas

    Vegas Private, 1st Class

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    The Master speaks....

    Jeres engelsk er bedre end mig dansk......that's if you are Danish??? or maybe...din engelske er bedre enn meg norsk

    And like all the others you have a warm bed, a cold beer or a fine red wine if you ever make it Downunder.
    :)
     
  2. MidnightRun

    MidnightRun Sergeant

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    Bade Sive's Engelska och er Engleska ar mycke bra, och sa smaningom alla skal lera att forsta den.
    Tack so mycke Sive!
    (Just kidding!)
     
  3. Baletnik

    Baletnik Recruit

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    Sive, would you consider your trading idea of USDCHF still valid or did too much consolidation after the retracement from 0,9694 destroy it?
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Well, currently market stands between 0.618 and 0.5 support, even shows some attempts to move up. I think that its too early to talk about failing. Possibly up move will take place still..
     
  5. Baletnik

    Baletnik Recruit

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    Thank you for the update.
     
  6. avinashg

    avinashg Recruit

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    Thank u for the update... can u just keep us informed about what to look for to say that the pattern is working or the pattern has failed...
     
  7. Codex

    Codex Recruit

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    Looks as is 0.618 support was broken. Do you think this will still respect the original expectation for an upswing?

    Edit: My bad, it's hovering, as Sive pointed out between 0.5 and 0.618 support on the Daily.

    Cheers
    Codex
     
  8. Codex

    Codex Recruit

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    Hi Sive,

    As I am using MT4 and a set of "replicated" DiNapoli indicators, I do not know if my analysis is correct.

    I am see'ing a lot of support around the 0.95177 area. If this breaks then the possibility of an upward move will be cancelled?

    Cheers
    Codex
     
  9. rasto007

    rasto007 Private, 1st Class

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    Sive,

    I attached a daily chart. With my broker, the daily macdp failure did not form on the up bar, two days back. But on the basis of weekly RRT and other bullish signals on daily, i entered. However, there is a macdp failure clearly forming on todays down bar.

    With .618 support broken just a moment ago at 0.9483 can you teach us how to think in these situation when we deal with a probable failure of our setup?

    Rasto
     

    Attached Files:

  10. Baletnik

    Baletnik Recruit

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    My guess would be that current idea for entering long failed, but the setup on weekly chart where Sive showed us RailRoad Tracks with bullish engulfing is still valid, only the retracement from 1.0070 will be a bit deeper.
     

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