Daily Video, EUR/USD, September 09, 2010

[Sive Morten]

Good morning,

Today we will talk about very short-term perspective. Because we've discuss longer term time frame yesterday.

I think that there is exist nice oportunity for short-term scalp trade, based on 4-hour chart.



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.

 

[sirtallest]

thanks man......uyou really are a blessing here

 

[kasim ijelu]

Thank you are the best!!!!

 

[thetadej]

hoylihohoho... all PIPHUNTERS ...today is range-bound trading so NO TREND NO TRADE or if u know how; try sell at ressistance (1.2760) and buy at supp (1.2660). just put stops no more than 20-30 pips (and below/above supp/res).

 

[wade pugsley]

Sive,

I am confused about your one hour MACD Predictor "red line" on your one hour chart. You state that when price goes up the red line will go down??? doesn't the red line follow the price action? I can see previously, that if price rises or falls the red line follows it. I'm not sure what you are talking about when you say they will move in opposite directions. Can you clear it up for me if you have time? Thanks for any help.

 

[Bali Coffee]

G
Today we will talk about very short-term perspective. Because we've discuss longer term time frame yesterday.

I think that there is exist nice oportunity for short-term scalp trade, based on 4-hour chart.



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 noticed you mentioned about "Strong Thrust Up" and it really happened. Can you explain how this happened?

By the way, yr video explanation is very clear and detail which really helped me a lot. Thank you so much.

Awaiting for yr explanation. Tks.


Bali

 

[Sive Morten]

Sive,

I am confused about your one hour MACD Predictor "red line" on your one hour chart. You state that when price goes up the red line will go down??? doesn't the red line follow the price action? I can see previously, that if price rises or falls the red line follows it. I'm not sure what you are talking about when you say they will move in opposite directions. Can you clear it up for me if you have time? Thanks for any help.

Hi Wade,
Well, MACD Predictor gives the same signals as a MACD, but uses not 2 lines, as MACD, but Red Line and the chart. So, when price above red line - trend is bullish (at this time simple MACD shows bullish line crossing).
So, when price action starts to change to opposite, then trend is starting to change - so price and line of MACDP are starting to converge.
If market continue it move to the down side, then, red line will be always above the price. It means that hourly bearish trend holds.