EUR/USD Daily Video, June 10, 2011

Sive Morten

Special Consultant to the FPA
Messages
18,564
Good morning,
Due to strength of yesterday's move, it's very probable that market will hit 1.4410-1.4430 area, so the variant of B&B on daily time frame has more chances compares to DRPO:





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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what indcator is the green line on sive's charts

Hi Guys,

can anyone tell what kind of indicator is the green line on sive's charts. It seems to be very accurate wether to determine buy or sell


charlie
 
Usdchf

Dear Sive ,

Thanks for your inputs and i was late yesterday to go short in EURUSD however market gives opportunity almost every single day. I have attached charts of USDCHF , after a significant decline i observe some strong consolidation after touching 0 .8330 I observe higher highs and higher lows since last three consecutive days, has crossed 3/3 in daily charts. I also see that when ever it has crossed 3/3 it remains bullish for at least additional four to five days ( a week probably) to go below 3/3 again . I assume there is a potential here for at least 150 + pips correction OR may test 50 D SMA which is lurking at 0.8763. Request your views here if that is possible.

Thanks

Dave
 

Attachments

  • USDCHF 4HR_JUNE 10TH.jpg
    USDCHF 4HR_JUNE 10TH.jpg
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  • USDCHF DAILY CHART EARLY MORNING 10JUNE2011.jpg
    USDCHF DAILY CHART EARLY MORNING 10JUNE2011.jpg
    135.4 KB · Views: 187
  • USDCHF DAILY ON 10JUNE2011.jpg
    USDCHF DAILY ON 10JUNE2011.jpg
    115.6 KB · Views: 188
Hi Guys,

can anyone tell what kind of indicator is the green line on sive's charts. It seems to be very accurate wether to determine buy or sell


charlie

Hi Charlie,
THis is 3 SMA shifted forward for 3 periods.

Dear Sive ,

Thanks for your inputs and i was late yesterday to go short in EURUSD however market gives opportunity almost every single day. I have attached charts of USDCHF , after a significant decline i observe some strong consolidation after touching 0 .8330 I observe higher highs and higher lows since last three consecutive days, has crossed 3/3 in daily charts. I also see that when ever it has crossed 3/3 it remains bullish for at least additional four to five days ( a week probably) to go below 3/3 again . I assume there is a potential here for at least 150 + pips correction OR may test 50 D SMA which is lurking at 0.8763. Request your views here if that is possible.

Thanks

Dave

Hi Dave,
you're speaking about harmonic retracement move and this is a good observation, may be you will right.
But in general, CHF has overall bearish bias. If you will take a look at monthly chart, you'll clearly see Butterfly "Buy" that tends to it 1.618 target, so as inner AB-CD pattern.
Still I do not to see any problem to try ride on this harmonic retracement. Just keep risk reasonable and find nice pattern or something to confirm your entry.
 
Hi Charlie,
THis is 3 SMA shifted forward for 3 periods.



Hi Dave,
you're speaking about harmonic retracement move and this is a good observation, may be you will right.
But in general, CHF has overall bearish bias. If you will take a look at monthly chart, you'll clearly see Butterfly "Buy" that tends to it 1.618 target, so as inner AB-CD pattern.
Still I do not to see any problem to try ride on this harmonic retracement. Just keep risk reasonable and find nice pattern or something to confirm your entry.


Hi Sive ,

Thanks for input and I am attaching monthly chart as I derived , is this the level you are referring to ? I have tried to create Butterfly Buy pattern is that correct? I am not inclined to trade CHF as yet bit this is purely for improving my academics !!

Dave
 

Attachments

  • USDCHF MONTHLY.jpg
    USDCHF MONTHLY.jpg
    120.2 KB · Views: 163
Hi Sive ,

Thanks for input and I am attaching monthly chart as I derived , is this the level you are referring to ? I have tried to create Butterfly Buy pattern is that correct? I am not inclined to trade CHF as yet bit this is purely for improving my academics !!

Dave

Yep, that's it. ;)
 
Hi Sive ,

Thanks for your input , and your daily expertise. Since im following your videos i start to make profit .
thanks for your advice .

Charlie
 
Need help to be sucess trader

Dear Sive,
Thank for your course As i start to watch every day this last few week.
As the newly trader, I need your input on how to make money on stock.
I did try for about 6 months and never get and profit on it.
Very discourage now. I did loss about $700. which a lot for me.
What is your advice?
Shinena,
Cambodia.
 
Dear Sive,
Thank for your course As i start to watch every day this last few week.
As the newly trader, I need your input on how to make money on stock.
I did try for about 6 months and never get and profit on it.
Very discourage now. I did loss about $700. which a lot for me.
What is your advice?
Shinena,
Cambodia.

Hello, Shinena
you ask very large question. In fact, you ask me - "How to make profit?"
How should I ask?
May be it makes sense to trade on demo for simetime. The crucial point is to find your own strategy of trading. It's not neccesary should be something really new. You can use any strategy, say, Elliot waves or harmonic patterns. I use DiNapoli approach. But this method has to be absolutely suitable to your personality.
Second, when you will find it, it's take some time to get some skills with it and experience. When your demo will start behave well - you may try switch to real account with shallow volume.
Something like that...
 
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