EUR/USD Daily Video, December 17, 2012

[Sive Morten]

Good morning,
situation gradually changes to bullish and if it is indeed so, we should try to join the party:


http://images.forexpeacearmy.com/Weekly/EUR_USD_17_12_12.swf


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.

 

[ronyboy]

Hi Sive,

Thanks for the analysis.
I would like to ask your opinion on MACD/Stochastic pair method DiNapoli describes in his book. is it still valid to apply on market studies.
Do you use it?

Thanks
Rovi

 

[Sive Morten]

Hi Sive,

Thanks for the analysis.
I would like to ask your opinion on MACD/Stochastic pair method DiNapoli describes in his book. is it still valid to apply on market studies.
Do you use it?

Thanks
Rovi

Hi Rovi,
yes this tool is valid, but I mostly use just MACD on two different time frames - higher and lower. If you use this approach, you do not need stochastic. You can read about it in our forex military school, where we discuss multiple time frame analysis.