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EUR/USD Daily Video, December 22, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Dec 22, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    finally we've got neccesary patterns that hint on downward continuation 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, Dec 22, 2011
    Lasted edited by : Aug 15, 2015
  2. rod.p

    rod.p Recruit

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    unconfirmed trend

    Hi Sive thanks for your great analysis
    hey just wondering when you said unconfirmed uptrend ,what do you need for an uptrend to be confirmed
     
  3. madeinparis

    madeinparis Recruit

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    Hi Sive ,

    I follow your videos which are great , but today you mentionned something on the red moving average you use , could ou please tell me if it is a moving average or an indicator ? ,, which a great holiday ,
    Regards

    Madeinparis
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Rod,
    to treat trend as confirmed I need confirmation by close price. So, if market penetrates up, say, some MA - I need close above it. Presicely speaking - this is not mine but DiNapoli approach, I just use it.
    This is MACD Predictor - derrivative indicator from simple MACD. While MACD consists of two lines to generate trend signals - MACDP uses as second line price chart.
     

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