EUR/USD Daily Video, May 25, 2011

Sive Morten

Special Consultant to the FPA
Messages
18,564
Good morning,
price action is shallow and choppy currently. Market is forming second inside day in a row, and has not clear patterns.
So, today we can discuss only different assumptions:




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.
 
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Where are the indicators?!!

Hi Sive,
You used to show unique indicators on your charts like overbought and oversold indicators by cqg.com. I do not see them anymore.
Have you been advised not to use them?
I understand that those indicators are proprietory indicators. I'm just curious.
Thank you again for your excellent guidances. I, as one of your followers, appreciate your efforts.
Benom
 
Hi Sive,
You used to show unique indicators on your charts like overbought and oversold indicators by cqg.com. I do not see them anymore.
Have you been advised not to use them?
I understand that those indicators are proprietory indicators. I'm just curious.
Thank you again for your excellent guidances. I, as one of your followers, appreciate your efforts.
Benom

Hi Benom
Well, it's not quite so. For overbought/oversold you may use, say, Momentum. But it's application demands some pre-work.
Very soon in our Forex Military school will appear chapter, dedicated to different indicators and OB/OS analysis.
Forex Military School | Complete Forex Education by a Pro Banker - Forex Peace Army Forum
 
context

Hello Sive!
I took a Buy order on EURUSD today. I saw a W&R of the 61.8 support on the 15min chart. It is the first strong move down and then quickly up on 15min chart.
Still, I do not understand what is the context of a long position right now. I must be missing something. Is it the support on Weekly? Except for the 4h chart, the trends are bearish, if I am not mistaking.
Thank you!
 
Hello Sive!
I took a Buy order on EURUSD today. I saw a W&R of the 61.8 support on the 15min chart. It is the first strong move down and then quickly up on 15min chart.
Still, I do not understand what is the context of a long position right now. I must be missing something. Is it the support on Weekly? Except for the 4h chart, the trends are bearish, if I am not mistaking.
Thank you!

If we speak in terms on weekly momentum trade - this is directional pattern and direction overrule trend. Although I do not see significant signs of it, i.e. I do not see that it has started...

If we speak in terms of trend - then we should search for sell signals, since you've correctly said, that all trends are bearish.
 
I think GBP USD is showing a double repo Buy

Good morning,
price action is shallow and choppy currently. Market is forming second inside day in a row, and has not clear patterns.
So, today we can discuss only different assumptions:




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 really appreciate your analysis, but i think we are having a very good directional signal that is double repo buy in gbp usd the signal can be accomplish today. Just let me know your opinion.

Regards,

FXDominicano
 
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Hi Sive, i really appreciate your analysis, but i think we are having a very good directional signal that is double repo buy in gbp usd the signal can be accomplish today. Just let me know your opinion.

Regards,

FXDominicano

Hi Ertore,
I have some suspicions, particularly about the quality of the thrust - two bars down, consolidation, 3 bars down. Minimum required number of bars. Also there is a deep retracement shadow, although there was no close above 3x3. Who knows...
But for form's sake - it's DRPO, although very close to tight definition parameters. It could work. I just discuss with you the moments, that I do not like. :)
 
Hi Sive, i really appreciate your analysis, but i think we are having a very good directional signal that is double repo buy in gbp usd the signal can be accomplish today. Just let me know your opinion.

Regards,

FXDominicano

Congrats Ertore,
your signal has done well - works like perfect DRPO. See - "not perfect" does not mean that it will not work...
 
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