Sive Morten
Special Consultant to the FPA
- Messages
- 18,654
Sive, I'm one of the appox. 1400 veiws your daily videos get. I'm wondering...
1. Has your trading analysis become more accurate since you've been posting on FPA?
2. Has your method changed at all or have you tuned up your method since you started with FPA?
3. You've said you trade equities and currency futures more than forex. Is there any real difference in your analysis with other kinds of charts?
4. I see in your demo account statement, you traded other pairs besides the EUR/USD. What pairs do you analyze and do the other pairs behave differently enough that it alters your analysis method or can you keep the same method for all charts and pairs?
Thanks in advance
Hi WaveRider,
1. Probably not, or may be I do not see this. I think, that it is better to rely on our members opinion on this question. Since this is easier to assess from 3d side, rather than by myself.
2. Yes. For example, It seems that currently I better incorporate harmonic framework with DiNapoli. Initially I have not used harmonic at all. Also Pivots. May be something else...
3. No, overall plan creation procedure is the same. Difference with details of different markets. For instance, financial markets rare hold for a long time at oversold or overbought, while commodities could stand there considerable period. Commodities have clear seasonal trends and some other things.
4.This demo is rather old. Currently I mostly deal with fundamental analysis of bonds and shares. So I do not trade in common understanding of this word. I buy and sell assets, but mostly based on fundamental valuation and "fair price" calculation. I use techncal analysis mostly for finding proper entry point, when I already have estimated that I would like to buy some asset.
Here my task mostly is to give understanding and give opportunity to see how analysis works on real charts for newbie traders, or for those, who think that it might be useful. Other words for those, who likes it. As you can see I very rare give precise setups (as on Friday for instance).
Speaking about methods - they could be applied on any liquid market. If market has some restictions and government limitations or it is illiquid, here could appear problems. Different pairs definitely have their own specific, but this impacts not the methods of analysis but mostly just some tools. For instance CAD and AUD are commodities currencies. And if I'll see definite bearish setup on gold and bullish on AUD, I probably will take a pause. Something of that sort.
Sive i know you don't use the 25x5 in your analaysis - but cant help notice it's been bumping up off it from 1.212, and it looks like another could have just started
Hi Squidge
No, I do not doubt 25x5. I just prefer to use it for reversal point identification on long-term charts, often after solid collapses as on 2008. I rare use them on lower time frames - as daily.
But, thanks for hint. It looks like we have a daily 25x5 also around 1.2120-1.2140 monthly support...