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EUR/USD Daily Video, Jabuary 24, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jan 23, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    Euro has solid resistance area at 1.3690-1.3730 area.
    So, we can expect some signs of weakness there:




    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, Jan 23, 2011
    Lasted edited by : Aug 15, 2015
  2. Vegas

    Vegas Private, 1st Class

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    GBP??

    Hi Sive, You mention in your email that you will look quickly at GBP...did I miss it somwhere? Thanks as ever. John.
     
  3. Vegas

    Vegas Private, 1st Class

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    Found it :)

    Hi Sive, my email didnt have a link to the weekly text and I found it with a bit of a search.

    Have a great week everyone. ;)
     
  4. 4x4Ever

    4x4Ever Private, 1st Class

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    Good Morning :)

    Hello Mr. Morten

    Thanks as always for your fine analysis it is very greatly appreciated. I am still trying to learn about these patterns and methods you use and I was hoping you could give me a quick opinion on this. I just ran across this Indicator the other day that I was allowed to download for free. (well at the cost of giving up my email address lol)

    What this indicator does is draws Bats & Butterflys & Gartleys on charts for you. So could you tell me if these images below look valid to you? I would greatly appreciate your input on this. I figure this would be a great way to help me learn these patterns if this indicator is really working properly. Thanks for your time and all you do. Have a great day and happy pip'n! :)
     

    Attached Files:

  5. cosmos

    cosmos Sergeant

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    what is the indicator you downloaded? do you know the name of it?
     
  6. Michael Orem

    Michael Orem Recruit

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    Hi 4x4 forever. I am deeply involved with trading harmonics and review Mr. Mortons video analysis faithfully. Would you be so kind and to share this harmonic indicator? I use metatrader as my platform for trading. Hope to hear from you soon. Thanks!
     
  7. 4x4Ever

    4x4Ever Private, 1st Class

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    It is called "Elemental Trader v2". Try searching for it.
    I am not affiliated and do not support anything the source of this indicator is selling and do not wish my post to be viewed as advertising which it is not.
    I do not yet know how to plot these formations myself so I am hoping for some validation if it works, because I learned better seeing and doing things then just reading about them. Thanks and have a great day!
     
  8. Tasersam

    Tasersam Recruit

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    The first chart in Sive's weekly analysis is the Cable. Open your eyes.
     
  9. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi 4x4ever,
    Well, it seems that patterns are OK, but I prefer to see the price action prior the pattern also.
    Concerning indicator itself - guys, you can exchange with links via e-mail, instead of FPA forum.
     
  10. 4x4Ever

    4x4Ever Private, 1st Class

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    I didn't realize before posting that the snap shots cut off part of the charts. Here's the full view of the GBP/USD chart. Since you briefly discussed this pair and indicated you'll be looking for sell signs then maybe this bearish butterfly pattern will turn out to be valid ;)
    I'm just using this as training tool to help learn and see if the patterns it shows over time amount to anything. Someday I hope to be able to analyse the charts as good as you on my own. Thanks again for all your great teachings and analysis! ~Markus

    ps, doesn't it look like an upside down head & shoulders formation is forming now to the right of this butterfly? (it is 4 Hour chart view on spot market prices)
     

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    #10 4x4Ever, Jan 23, 2011
    Last edited: Jan 23, 2011

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