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EUR/USD Daily Video, June 10, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jun 10, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    Due to strength of yesterday's move, it's very probable that market will hit 1.4410-1.4430 area, so the variant of B&B on daily time frame has more chances compares to DRPO:





    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, Jun 10, 2011
    Lasted edited by : Aug 15, 2015
  2. kano85

    kano85 Private

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    what indcator is the green line on sive's charts

    Hi Guys,

    can anyone tell what kind of indicator is the green line on sive's charts. It seems to be very accurate wether to determine buy or sell


    charlie
     
  3. davedubai

    davedubai Private, 1st Class

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    Usdchf

    Dear Sive ,

    Thanks for your inputs and i was late yesterday to go short in EURUSD however market gives opportunity almost every single day. I have attached charts of USDCHF , after a significant decline i observe some strong consolidation after touching 0 .8330 I observe higher highs and higher lows since last three consecutive days, has crossed 3/3 in daily charts. I also see that when ever it has crossed 3/3 it remains bullish for at least additional four to five days ( a week probably) to go below 3/3 again . I assume there is a potential here for at least 150 + pips correction OR may test 50 D SMA which is lurking at 0.8763. Request your views here if that is possible.

    Thanks

    Dave
     

    Attached Files:

  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Charlie,
    THis is 3 SMA shifted forward for 3 periods.

    Hi Dave,
    you're speaking about harmonic retracement move and this is a good observation, may be you will right.
    But in general, CHF has overall bearish bias. If you will take a look at monthly chart, you'll clearly see Butterfly "Buy" that tends to it 1.618 target, so as inner AB-CD pattern.
    Still I do not to see any problem to try ride on this harmonic retracement. Just keep risk reasonable and find nice pattern or something to confirm your entry.
     
  5. davedubai

    davedubai Private, 1st Class

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    Hi Sive ,

    Thanks for input and I am attaching monthly chart as I derived , is this the level you are referring to ? I have tried to create Butterfly Buy pattern is that correct? I am not inclined to trade CHF as yet bit this is purely for improving my academics !!

    Dave
     

    Attached Files:

  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Yep, that's it. ;)
     
  7. davedubai

    davedubai Private, 1st Class

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    Your wink was a STAR to first grader !! Thanks
     
  8. kano85

    kano85 Private

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    Hi Sive ,

    Thanks for your input , and your daily expertise. Since im following your videos i start to make profit .
    thanks for your advice .

    Charlie
     
  9. Shina Stone

    Shina Stone Recruit

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    Need help to be sucess trader

    Dear Sive,
    Thank for your course As i start to watch every day this last few week.
    As the newly trader, I need your input on how to make money on stock.
    I did try for about 6 months and never get and profit on it.
    Very discourage now. I did loss about $700. which a lot for me.
    What is your advice?
    Shinena,
    Cambodia.
     
  10. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hello, Shinena
    you ask very large question. In fact, you ask me - "How to make profit?"
    How should I ask?
    May be it makes sense to trade on demo for simetime. The crucial point is to find your own strategy of trading. It's not neccesary should be something really new. You can use any strategy, say, Elliot waves or harmonic patterns. I use DiNapoli approach. But this method has to be absolutely suitable to your personality.
    Second, when you will find it, it's take some time to get some skills with it and experience. When your demo will start behave well - you may try switch to real account with shallow volume.
    Something like that...
     

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