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EUR/USD Daily Video, August 22, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Aug 20, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    market still stands indecision, although power is still growing and sooner rather than later it will be released with some breakout.
    But currently, probably we will still focus on intraday charts, at least in beginning of the week:




    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, Aug 20, 2011
    Lasted edited by : Aug 15, 2015
  2. tangmase

    tangmase Corporal

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    thanks sive

    it is great to have such kind of mentor. i really like, as i am a newbie in the forexmarket, how sive explain the different charts in the video.
    best regards, tangmase
     
  3. Rfking2

    Rfking2 Recruit

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    Butterfly sell

    Hey Sive,

    I was hoping you could give your opinion of the H4 Butterfly sell pattern I am showing.

    Thanks
     

    Attached Files:

  4. Sazu

    Sazu Corporal

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    Di Napoli Method of Trading Explained?

    Hello Sive,

    I have taken the home study course for the DLEVELS trading method and honestly I am very disappointed in what I got for the price I paid. For those who are considering taking the home study course I would save my money and other attend a live session or pay very close to what Sive is saying!

    Now my question to you Sive is this. Would you be willing to put a educational video together explaining how to properly use the Di Napoli Indicators or would you be willing to hold a private on-line course?

    I am forced to stay close to home because of a injury so some sort of on-line training is my only option.

    Thanks again for your time and efforts they are very very much appreciated.

    Sazu
     
  5. Howard G.

    Howard G. Private

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    I agree with Sazu: a training video from Sive Morten would be very welcome. It could come in different sessions, not necessarily all at once. Those of us that review all of Sive's weekly and daily analysis would greatly appreciate such a video or series of videos. All the best, Howard
     
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Rfking2,
    Would you be so kind to post a bit greater chart...
    Still, the target of Butterfly usually is extension (1.27 or 1.618) of initial swing. On my chart market has reversed at level around 1.0 extension. So, it looks like more Gartley 222... We've treated it in our analysis as just AB=CD


    Hi Guys,
    well, this question is a bit out of my sphere, It's better to ask FPA administration. If they will decide that this could be done, well, pehaps I will be able to do that.
     
  7. Damian1987

    Damian1987 Corporal

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    MACD predictor

    Hey Sive good morning, I hope you've had a nice weekend.

    I have some doubts regarding Joe's MACD predictor. First of all I must say that even though I can use it in my trading platform as part of Dinapoli's indicators I haven't found any reference regarding this indicator on Dinapoli's book! wierd!. Second thing is, I've noticed you use it to define trend , right? pretty much the same was as with the 3x3 DMA. So a couple of questions arises from this fact like:
    You don't use 3x3 DMA?
    You define trend with MACDP and MACD/sotachastics?
    Is MACDP a complete substitute for 3x3DMA therefore DRPOs are confirmed thanks to this indicator?
    What the heck is MACDP and how do I use it!? lol.

    I could Google it ,I know, but being you the source of this kind of information ensures a lot of credibility...way much more than some random webpage.

    Once again my friend thank you very much!

    Cheers, Damián.
     
  8. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Damian,
    well, DiNapoli first deals with DMA's and he discusses them in his book for those who do not have MACD (look at the year of publishing). They are just simplier and almost any trader could get them.
    When MACD was wide-spreaded, DMA do not used for trend identification anymore. So, we use 3x3 but not for trend - only for thrust identification and DiNapoli directional patterns.
    Sometimes I use 25x5 on long-term charts, weekly monthly to identify trend long-term shifting (like DiNapoli did in his example with soybean meal trading).
    That's all.

    MACDP is derrivative indicator from MACD - if you plot both of them, you'll see that MACD gives signal when MACDP crosses price chart. MACDP shows precise price when trend will shift. It has nothing common with DMA.
    Also it can show other different tools such stop grabber and dynamic pressure. It was not mentioned in the book, because DiNapoli has invented it later.
    Other words, MACDP uses price chart and its own line to generate signals, while simple MACD - two lines.
    Hence:
    1. For trend we use MACD or MACD/Stoch, and/or MACDP
    2. 3x3 we use only for thrust identification and directional patterns
    3. We can use 7x5 and 25x5 DMA as additional indicators of trend.
     
  9. Rfking2

    Rfking2 Recruit

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    Here is a slightly larger picture.

    Thanks
     

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    • H4bs.
      H4bs.jpg
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  10. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Ok, I see.
    I probably do not treat it as Butterfly for 2 reasons:
    1. There was downmove prior it, but Butterfly is a reversal pattern.
    2. It has not reached even 1.27 extension target.
    So my opinion (although I can't pretend on absolute), is that whole recent price action is better to treat as AB-CD or at least as "222".

    But shape is correct.
     

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