Euro FX Daily Video, September 1, 2010

[Sive Morten]

Good morning,

Today are two butterflies on the market and which one will prevail is depend from price action around pivot point.
Also I explain in details what is a Joe DiNapoli Double Repo Directional Trade, based on my yesterday's recomendation and how it has worked out.



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.

 

[ALF]

The scale of your picture on the screen

Thanks for your comments and explanations, Sive.

One thing I mention is that the scaling of the charts you presented does not allow us to see the whole picture (visible only 2/3 of them, in my case). Please, check out how the things are going on your screen before posting.

Once again, thank you for your analysis and have a great day!

ALF

 

[Sive Morten]

Thanks for your comments and explanations, Sive.

One thing I mention is that the scaling of the charts you presented does not allow us to see the whole picture (visible only 2/3 of them, in my case). Please, check out how the things are going on your screen before posting.

Once again, thank you for your analysis and have a great day!

ALF

Hi Alf,
this is not a problem with my posting procedure, this is a problem of FPA's player rather. I will note administration about this bug. THanks

 

[Gumrai]

I don't see a problem with the video screen size, but rather with the charts posted in the weekly report being too large to fit my screen

 

[Steiniteer]

Sive,

I should join everyone else to say "thank you". Your analysis is outstanding.

I would like to ask you how I can learn to do this analysis. I have started reading Joe DiNapoli's book, but would like to know what else I can do.

Also, please explain how you place your stops: I sometimes get knocked out of trades before I can get a profit, for example on yesterday's double repo trade.

Thank you so much.....

 

[mattt]

You are the man!

 

[Sive Morten]

Sive,

I should join everyone else to say "thank you". Your analysis is outstanding.

I would like to ask you how I can learn to do this analysis. I have started reading Joe DiNapoli's book, but would like to know what else I can do.

Also, please explain how you place your stops: I sometimes get knocked out of trades before I can get a profit, for example on yesterday's double repo trade.

Thank you so much.....

1. Looks like you have try to enter on DRPO before confirmation bar, so you were a knocked out. Because after confirmation - market didn't even reach 0.382 retracement.
2. Concerning stops, this is very problem topic, especially on FOREX. In general, I try to place stops not close than 50 pips on hourly chart, if reward/ratio at least 2:1. If ration is less than 2:1, I will not enter possibly.

Well, Joe's book should help for making analysis, but, in general, You will need your own experience. Don't worry, probably we will be able to do even better analysis... Just stay on the way.

 

[William Edward]

Sive, your analysis is "RIGHT ON"! Thank you so very much! Where could I get the indicators, trend indicators, etc that you are currently using to apply to my charts? I have only the 3x3 simple moving average. It would be great to have those. Thanks again Sive!
William

 

[TraderJoe99]

Butterfly will morph into? (Or not?)

Sive or anyone, does bullish butterfly tend to morph into H/S, assuming the head has formed with today's (Wed 09/01) impulse up on the hourly chart?

 

[Sive Morten]

Sive, your analysis is "RIGHT ON"! Thank you so very much! Where could I get the indicators, trend indicators, etc that you are currently using to apply to my charts? I have only the 3x3 simple moving average. It would be great to have those. Thanks again Sive!
William

Hi William,
DiNapoli has no official indicators pack for MT4. Try to search in the web, may be you'll find some.