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Daily Video, GBP/USD, September 13, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Sep 12, 2010.

  1. alawashreh

    alawashreh Recruit

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    Hello, I am so happy that you have included this in your analysis. Thamk you very much
     
  2. Sive Morten

    Sive Morten Special Consultant to the FPA

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    There are no official DiNapoli Indicators for MT4.

    Well, difficult to say definitely. As I know oficial trade name is DiNapoli MACD Predictor.
     
  3. seippg

    seippg Recruit

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    Thanks Sive, I made a specialized MACD in Thinkorswim which works. Maybe I can hack a macdp.
     
  4. Scroobius

    Scroobius Recruit

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    Bread & Butter

    Hi Sive - today there looked like two possible bread & butter momentum trade opportunities on the EUR/USD and GBB/USD but only on the 1 hour charts. The GBP looked too shallow to produce enough profit for the risk but the Euro turned out that it would have been a good trade. I would be interested in your view on B&B trades in the 1hour time frame only (ie not a higher time frame & using fibs for entry from intra day charts).

    Greatly enjoying your daily videos which have opened up a whole world that as a small time scalper I did not know about - I am busy reading Trading with D Levels and Murphy (for basic foundation).

    Thanks for all the time you are putting into this it is hugely appreciated by me and I am sure many others.

    Scroobius
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi, Scroobius
    It will be much simplier to answer if you've attached charts with patterns that you sense as B&B, ok? Attach them and let's discuss it.
     
  6. Scroobius

    Scroobius Recruit

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    Bread & Butter

    No problem attached are charts. Actually it was the gbp/usd that looked the most interesting with 11 bars thrusting above the 3x3 then a decent pull back from X to Y gave a target at the XY 618 fib ("O") that would have made a decent trade. The eur/usd was not so interesting because the pull back between X&Y was small and therefore the 618 fib target would have only been a few pips not worth the r/r. But the main question for me is should this type of trade come be spotted on the higher time periods with entry, exit and stops worked out from the intraday charts.

    Many thanks

    P
     

    Attached Files:

  7. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Yes, if we're talking on DiNapoli language - you should drop your time frame and use one of the entering technics (for example Minsweeper or Bushes).
    So, if you see hourly B&B, you can enter, using 5-min chart.
     
  8. Erdinc

    Erdinc Private

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    Hi Sive ,

    What happend to GBP/USD , 160 pips!? You still believe that we have to wait to enter long till the previous lows are cleared out ??
     

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