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Daily Video, EUR/USD, September 10, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Sep 10, 2010.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    Today there is something to watch for on daily and 4-hour charts. The pattern has not been confirmed yet. But if it will be, this can be a solid context for Monday trading



    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.
     
    #1 Sive Morten, Sep 10, 2010
    Lasted edited by : Aug 15, 2015
  2. Klewe

    Klewe Recruit

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    What is the red line in your analysis? I unterstand the theoretical indicator of xxxx??
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    This is DiNapoli MACD Predictor.

    Not "theoretical", I've said "derrivative from simple MACD"
     
  4. ronyboy

    ronyboy Private

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    How can I put on screen MACD predicter on MT4?
     
  5. ecafyelims

    ecafyelims Corporal

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    Thank you Sive!

    Great analysis, thank you.

    Sive, I have one question, you point out that the stops were cleared out when the market moved below the support line, and usually leads to opposite move of the market.

    I suppose I don't understand . Why do the stops entice the market down?
     
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hello,
    the red line- is a MACD Predictor, not the support line. It shows trend. When market at the beginning of the day shows trend shift to bearish (for example), people, who take this unconfirm signal (signal is unconfirmed, until market will not closed below the red line), i.e. open short positions, become wrong, when market does not confirm trade shifting at close. It means that trend has not changed to bearsih and those people were wrong, because they were too hasty when they entered the market before confirmation.
    Then, very often it leads to the stops that had been placed by these people somewhere above the market - usually this is a previous extremes...

    Hope this helps
     
  7. ecafyelims

    ecafyelims Corporal

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    Thanks

    Very Good. I understand; thank you.
     

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