EUR/USD Daily Video, January 20, 2011

[budzik69]

Thank you Sive for your explanation. So I can also recognize MACD failure on normal macd when signal line touch or slightly penetrate second line.

 

[Sive Morten]

Thank you Sive for your explanation. So I can also recognize MACD failure on normal macd when signal line touch or slightly penetrate second line.

Not always. Sometimes it can happen during the day. For example in the beginning of the day - daily MACD shows a crossing, but at the end of the day (at close) this signal disappear. This is the basic MACDP failure.
When this signals consists of 2 opposite bars - is a rarer pattern.

 

[demosco]

pivot points

Hello sive , i quite enjoy your daily signals and your effort in making sure that people like us improve on our trading.
I want you to briefly enlighten me on the use of pivot points in trading the forex market.
also which is the best time of the day to trade ?
thanks
demosco