EUR/USD Daily Video, January 14, 2011

[Sive Morten]

hi mr. sive morten,
i am an addicted follower of your daily trend analysis with fantastic results over the times.
now i have been trained and still learning lots of your technical approach to the market trend.
i have rest and peace of mind with your strategies.
but one thing i truely respect and desire to have is the di napoli oscillator preditor on my platform mt4.
how do i go about this? how much does it cost to acquire it?
special thanks if i am duely helped.
God bless you, sir.

Hi Adekunle,
Well, I've said in millions of times already. There is no authorized DiNapoli trading pack for MT4. All that you can find - is some indicators in the net. But nobody can guarantee that they are appropriate although can look similar.
Also they will have another names, because OscP is a registered trademark, so as MACDP.

 

[pringy]

Hi Sive,

I've just caught the perfect Double Repo sell on the EURUSD. I'm seeing strong confluence resistance around 1.3232 which also coincides with weekly pivot. This suggests a logical profit objective.

I was going to ask you whether it will still continue down from here, or whether I should take profit at the confluence. But I need to learn how to make my own decisions.. so here's my argument:

Considering that the movement has come from an overbought area, there is quite a good chance that it will continue to move down, but I have to assume that the confluence area will be quite significant, especially early in the week, the weekly pivot will be quite strong.

Unfortunately I can't observe the reaction at the pivot because it is bedtime in NZ... so I have to assume there'll be a bounce, and target profit with a trailing stop just in case target is not reached.

In the morning I will then reobserve for opportunities to re-enter short... it is such a steep move down, that I don't think it'll bounce of weekly pivot and continue up.






Higher timeframes doesn't seem to give me any clues on what will happen.

 

[Sive Morten]

Hi Sive,

I've just caught the perfect Double Repo sell on the EURUSD. I'm seeing strong confluence resistance around 1.3232 which also coincides with weekly pivot. This suggests a logical profit objective.

I was going to ask you whether it will still continue down from here, or whether I should take profit at the confluence. But I need to learn how to make my own decisions.. so here's my argument:

Considering that the movement has come from an overbought area, there is quite a good chance that it will continue to move down, but I have to assume that the confluence area will be quite significant, especially early in the week, the weekly pivot will be quite strong.

Unfortunately I can't observe the reaction at the pivot because it is bedtime in NZ... so I have to assume there'll be a bounce, and target profit with a trailing stop just in case target is not reached.

In the morning I will then reobserve for opportunities to re-enter short... it is such a steep move down, that I don't think it'll bounce of weekly pivot and continue up.

Higher timeframes doesn't seem to give me any clues on what will happen.

Hi Pringy,
well, I think that your analysis is very nice. At least it sounds logical, and agrees with probabilities. Probabiliy suggests that market should bounce from Confluence and pivot, at least after the fiirst touch. Then you can reenter, if context will be still valid.