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AUD/USD Daily Video, October 28, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Oct 28, 2010.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    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...32-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.
     
    #1 Sive Morten, Oct 28, 2010
    Lasted edited by : Aug 15, 2015
  2. barry101

    barry101 Private

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    That's a great description Sive, thank you.
    What do the letters DRPO stand for?
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Double Repenetration (of 3x3 DMA).
     
  4. m0z1

    m0z1 Private, 1st Class

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    Hello Sive

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

    Thanks
    Mili:confused:
     
  5. asdfg

    asdfg Private

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    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
     

    Attached Files:

    #5 asdfg, Oct 28, 2010
    Lasted edited by : Oct 28, 2010
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    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...
     
  7. jody martens

    jody martens Recruit

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    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
     
  8. Sive Morten

    Sive Morten Special Consultant to the FPA

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    This is 3-period SMA shifted forward for 3 periods
     
  9. khusalma

    khusalma Recruit

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    What parameters are you using for SMA

    Period=9
    shift 3
    method 3

    Is this correct?
     
  10. m0z1

    m0z1 Private, 1st Class

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    khusalma

    It means period = 3
    shift = 3
    type = simple average

    mili
     

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