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EUR/USD Daily Video, April 19, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Apr 19, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    market still has chances to reach 1.29 area. It could form Butterfly "Buy" on 4-hour chart besides of two stop grabbers on daily time frame:





    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, Apr 19, 2012
    Lasted edited by : Aug 15, 2015
  2. garciajj

    garciajj Recruit

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    thank you

    I guess the butterfly has been canceled
     
  3. Sazu

    Sazu Corporal

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    You cannot always see the perfect Butterfly Pattern develop. If you switch over to the 1 hour TF you will see that the latest stop grabber fell just short of the previous high point of the wing. Granted it is within 3 points of breaking the high but it is all a matter of interpretation of the charts. In my opinion the Butterfly might still show but I don't think it is going to drop as low as the 1.27 until next week if it happens at all. I usually try and shot for a 40 to 50 point trade each session with Sive, I found that I am often cutting myself short but in the long run my gains are fairly consistent.

    Sive has been keeping me in the green for a very long time and I have learnd so much from him that I apply to the 30 and 15 TF trading. Might I susjest that you sit back for a little bit longer before you start using real money. Also open 4 charts in the following time frames 1440 (Day), 240 TF, 60 TF and 15 TF. Fix the screens so that you can view all at the same time or bounce between them often. You can learn far more using this method as things appear that you normally do not notice.

    Good luck to you!

     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Why? It's still valid.
     
  5. dale johnson

    dale johnson Recruit

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    macd indicator

    can you post the macd predictor you are using on alpari
     
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Dale.
    Unfortunately I can't do this, at least here. First is because this is not MACD Predictor. MACD Predictor is a registered trademark of DiNapoli Coast Investment software.
    And there is no authorized MACDP for MT 4.
    If I will do this FPA could be closed.
     

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