EUR/USD Daily Video, October 05, 2012

[Sive Morten]

Good morning,
market has accomplished the first part of our trading plan - hit retracement target at 1.3030. Let's discuss what to do next:





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.

 

[fabx]

Good morning,
market has accomplished the first part of our trading plan - hit retracement target at 1.3030. Let's discuss what to do next:





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.

Hi Sive I have been following your analysis for some time it is very helpful. I wonder if you can help me on a couple of issues, I expect these questions have been asked before so apologies in advance.
1 I use MT4 and I appreciate the Di Napoli indicators are not available/protected but are there any indicators I can use and what would the settings be to get an approximate guide.
2. Where can I find more about the the Di Napoli trading techniques.
Thanks Alex

 

[FreddyFX]

As always, you are right on the dot again.
Remarkable how you keep doing this !!!

 

[Sive Morten]

Hi Sive I have been following your analysis for some time it is very helpful. I wonder if you can help me on a couple of issues, I expect these questions have been asked before so apologies in advance.
1 I use MT4 and I appreciate the Di Napoli indicators are not available/protected but are there any indicators I can use and what would the settings be to get an approximate guide.
2. Where can I find more about the the Di Napoli trading techniques.
Thanks Alex

Hi Alex,
1. You can use for free Displaced MA's (MT4 does include it), DiNapoli MACD and Detrended Oscillator (DOSC). Both of them you can download from comments in our Forex Military School. But read DOSC Chapter, since there are some nuances of using it. Also you can use, if you need DiNapoli Prefferable Stochastic, but this is not neccesary.
2. You can start from book "Trading with DiNapoli Levels". That's most cheap way to start. If you will find it useful - you will be able to attend private seminars, forum. But they are not free, of cause.

 

[tun13]

Thank you Sir.

 

[allan vincent]

08:20 NZ time 6 Oct : looks like the second high - up to day-r1 spot. and it is near end of week: Question to self: do i enter here [sell] gone below 3x3 on the 1 hour or wait till monday post-gap, when it may/should close below 3x3 on 4hr? had i been awake [my night] 2.5 hours ago end of the candle that closed below 3x3 on 1 hr i would have been tempted to have entered sell @ 1.30235 realtime chart/spot [i do not have futures]. will wait for the new week.
on the 1 hour this second high price and the MACD are divergent, RSI not, ADX(8) has moved to the sell 2 candles: indicators i have been use to indicating a sell. i would expect now some "thinkin" / consolidation in this area due to the previous area of indecision just past. therefore with about 1 hour of the market left i'm waiting till monday.
wonder what the chances are for quick flick back to take out stops at past high. i would add the spread plus a few more pips i think , as a stop.
Thank you very much Sive, allan