AUD/USD Daily Video, October 28, 2010

Sive Morten

Special Consultant to the FPA
Messages
12,718
Good morning,

Many of you, guys, asked me about DRPO and how to trade it, how to estimate a target, how to enter and where to place stop, etc, etc...

So, Aussie has expample of DRPO, although it's not perfect, but this is DRPO still. I've decided to explain all this stuff:
1. The market mechanics of DRPO - why does it work at all...
2. Thrust and confirmation of DRPO
3. Estimating the targets of DRPO
4. Placing the stop when you're trading DRPO.
As you understand, this video is a bit larger than usual...


Context for DRPO is also important. Couple days ago we've already talked about it here:

http://www.forexpeacearmy.com/forex-forum/sive-morten-analysis/12332-aud-usd-daily-video-october-26-2010-a.html


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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m0z1

Private, 1st Class
Messages
54
Hello Sive

Does this mean that we will not see a new high for AUS/USD?

Thanks
Mili:confused:
 

asdfg

Private
Messages
32
asdfg

Hi Sive how are you!
I will not repeat ur comments r outstanding.
But i got some problems.
I attached some file.
First pic is image from ur today analysis.
Second pic is a image from - Teletrade.
Third pic is from Online forex trading with leading online forex broker Tadawul FX
As u can see numbers of levels on ur pic and my pics are different.
Can u tell me why is it looking like that?
And second question: if it islooking like that have i to follow ur analysis AND ur numbers of have i to follow ur analysis AND MY numbers?
Thanks
 

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Sive Morten

Special Consultant to the FPA
Messages
12,718
Hi Sive how are you!
I will not repeat ur comments r outstanding.
But i got some problems.
I attached some file.
First pic is image from ur today analysis.
Second pic is a image from Teletrade.
Third pic is from Online forex trading with leading online forex broker Tadawul FX
As u can see numbers of levels on ur pic and my pics are different.
Can u tell me why is it looking like that?
And second question: if it islooking like that have i to follow ur analysis AND ur numbers of have i to follow ur analysis AND MY numbers?
Thanks
I use futures instead of spot FOREX. Futures price includes rate difference till the expiration date. And as you know the difference between AUD rate and USD is solid. That's why futures price has big difference with spot.

Answer on your question is " You should follow your analysis and your quotes" :)
Yes, you can use my analysis but have to adjust numbers according to spot FOREX...
 

jody martens

Recruit
Messages
3
3 x 3

hi Sive

thanks for the great analysis. but could you tell me please exactly what the 3 x 3 moving average is that you use? a normal 3 Ma does not look the same

jody
 
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