EUR/USD Daily Video, January 13, 2011

[Sive Morten]

Good morning,
Let's continue to talk about EUR. Possibly, we can wait for some pullback to enter Long with 1.3210 target - just be aware of 2 things:
1. Breakout of 1.2970 area to the downside
2. If market will fall like a stone.
We need gradual retracement...





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.

 

[NATAN SHAIN]

hi

hello
what about the short from yesterday 1.3080 ?

 

[Sive Morten]

I do not see any signs to enter Short yet.
Only if market will take out thrusting bar low at 1.2970. Even in this case is better to see something definite...

 

[erich]

butterfly

hello Sive,

I also had the same thoughts about the discussed butterfly. It didn't reached the 127,2 XA expansion, hence the butterfly fails or is still in progress up to 1,32 or even higher: 1,3220 -> 0,618 from the downswing, 1,3260 -> daily R2 and weekly R1 conclusion.

my questions to you: what is 127,2 expansion for you? the price must hit it? how many pips or points can the price be above or under the level that you can say, the level was reached or not or maybe the next level is the target? you say, ok the level wasn't reached because of 30 pips or so, but there are enough signs like w&r or drpo that you handle the pattern as accomplished?

another question: what software do you personally use for calculate d-levels, dmacd-predictor, oversold-overbought-indicator? can you recommend software or a broker who provide this?

best regards.
Erich

 

[budzik69]

Hi Erich, maybe I can answer for your question about software. Only software where you can find all Dinapoli indicators is DealBook 360 or maybe Tradestation and this is with extra cost.

Of course you can buy a software provided by many companies specialized in real time market data. For example the same as Sives (look for logo on left bottom corner in his videos) And this is best option but expensive because they provide Real (real) time data eg. on Dealbook you can see Drpo which do not exist in real world ))

 

[Sive Morten]

hello Sive,

I also had the same thoughts about the discussed butterfly. It didn't reached the 127,2 XA expansion, hence the butterfly fails or is still in progress up to 1,32 or even higher: 1,3220 -> 0,618 from the downswing, 1,3260 -> daily R2 and weekly R1 conclusion.

my questions to you: what is 127,2 expansion for you? the price must hit it? how many pips or points can the price be above or under the level that you can say, the level was reached or not or maybe the next level is the target? you say, ok the level wasn't reached because of 30 pips or so, but there are enough signs like w&r or drpo that you handle the pattern as accomplished?

another question: what software do you personally use for calculate d-levels, dmacd-predictor, oversold-overbought-indicator? can you recommend software or a broker who provide this?

best regards.
Erich

1.27 is just an expansion ratio, so as 0.618, 1.618 etc. For me it hasn't any special term.
Concering reaching of levels and pips number above or below, etc... You know as well as me, that there is no absolute on the market. This is just probability game. I know that probability suggests that if market has not reached target - it could fail opposite move. But it doesn't mean that it has to happen. I just warn you about it - probability of failing turnover is higher, if market hasn't reached the target. That's all. I do not have particular number of pips or something like that...

All software that has appropriate DiNapoli trading pack is not cheap. CGQ (DiNapoli uses it), Genesis trade navigator and CIS Trading package have this pack.
Also I know that there are authorized formulas exist for Tradestation, but only for old indicators - MACD, DOSC and DMAs. OscP and MACDP are not.

DiNapoli doesn't have it's trading pack for MT4. So, may be you can find them in the net, but they will have different names, because the names are the subject of law protecting and the qualitiy and authnticity are under question, because nobody can confirm or unconfirm the similarity of real indicators to MT4 indicators...

Hi Erich, maybe I can answer for your question about software. Only software where you can find all Dinapoli indicators is DealBook 360 or maybe Tradestation and this is with extra cost.

Of course you can buy a software provided by many companies specialized in real time market data. For example the same as Sives (look for logo on left bottom corner in his videos) And this is best option but expensive because they provide Real (real) time data eg. on Dealbook you can see Drpo which do not exist in real world ))

Thanks for support. I didn't know that DealBook has it...

 

[erich]

thanks

thanks for the answers,

the uncertainty is part of the game,
but to follow their own conditions of the trading plan is part of probability of surviving!
The plan said, long at 127,2 expansion of the butterfly, hence no trade yesterday!
Neither no profit nor loss.

thanks budzik69,
thanks Sive

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