EUR/USD Daily Video, November 19, 2012

[Sive Morten]

Good morning,
weekly time frame still holds us with indecision, so in the beginning of the week we again, will focus on intraday patterns:


http://images.forexpeacearmy.com/Weekly/EUR_USD_19_11_12.swf

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.

 

[TarryFaster]

Sive, I have to complain, as your new video format is terrible! I can't expand it, stop it, back it up or even adjust the volume. If makes watching your presentations very difficult.

 

[tamiflu]

Agree with this.

 

[saimahalingam]

yep,me too experiencing it.Can't able to download it too..

 

[Sive Morten]

Sive, I have to complain, as your new video format is terrible! I can't expand it, stop it, back it up or even adjust the volume. If makes watching your presentations very difficult.

Agree with this.

yep,me too experiencing it.Can't able to download it too..

That's a temporal neccesity. Tommorow it should be as usual.

 

[kkti]

Hi Sive,

how do you explore (detect) the butterfly? Is it only by your experience as you watch the chart data or you calculate and measure it by definition of butterfly.

Dou you trade potencional butterfly as you describe in last video or you wait until butterfly is completed and trade reverse move?

Thanks
Tomas

 

[John Jensen]

butterfly sell forming on 5-min chart

looks like a butterfly sell is forming on the 5-min chart right near the levels Sive talks about in his video. Has been developing for about 3 hours.
1.272 near 1.27961
1.618 near MPS1@1.28070
agrees with AB-CD levels 100% and 127.2%

 

[ertore]

Good morning everyone:

I prefer YouTube 100% but I watch your videos on my Google TV so I don't have any problem for the TVs size screen looking at them.

Thanks for your support.

 

[Sive Morten]

Hi Sive,

how do you explore (detect) the butterfly? Is it only by your experience as you watch the chart data or you calculate and measure it by definition of butterfly.

Dou you trade potencional butterfly as you describe in last video or you wait until butterfly is completed and trade reverse move?

Thanks
Tomas

Hi Tomas,
yes, I detect harmonic patterns only by looking at charts, as any other patterns. Not quite understands what do you mean with "Measure to detect or calculate" butterfly. First, I catch the shape and then use Fib retracement tool to estimate the targets.

It depends on what do you trade. If you trade, say, some pattern that is forming inside of butterfly, as DRPO that we've discussed today, then you can enter on DRPO and use butterfly just for target estimation. Here is no mistake.
But if you intend to trade butterfly purely, then you have to wait when it will be totally completed and enter as pattern suggests.

 

[ertore]

Hi Sive:

On daily timeframe we could have BB sell pattern for tomorrow trading session at 1.2842.