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EUR/USD Daily Video, March 03, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Mar 3, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    Although market has reached some targets, I think that bullish bias is still intact.
    But, at the same time I do not see any solid patterns to trade now. Only trend...



    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, Mar 3, 2011
    Lasted edited by : Aug 15, 2015
  2. bro_79

    bro_79 Recruit

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    Thank you

    Thanks a lot for your daily report.
    Good morning Mr Morten ,
    I am one of your admirer, i watching every day your daily report before to go at my job, you have help me a lot to do good profit in my trading. Your analysis is every time very accurate.
    I had start to do a kind of technical analysis but i am very very very far of yours.
    I had watching your video and i try to understand how can you do?
    I found a lot of information about Fibonacci and Elliott Wave, but i didn't understood jet i can i use it.
    If you have time , Can you suggest a book? Please.
    Thanks a lot
    kind regards
    Fabrizio :)
     
  3. ronyboy

    ronyboy Private

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    Hi Sive

    I did mistype Yesterday.

    Wanted to ask “what does mean strong area of support and resistance?” – You mention in video.

    New question about 3X3 SMA.
    Because we have difference in how our FX charts appear my MT4 and your program, there will be difference in 3X3 SMA patterns.
    Does it mean I will see less good signals than you on your program? Is it possible somehow to fix it?

    Thanks again
    Ronyboy

    P.S I like suggestion about training videos but on the other hand what you do is almost training :)
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi, Fabrizio,
    I find that DiNapoli book "Trading with DiNapoli Levels" can help you much, if you like this way of analysis. I do not use EW, although I use some expansions and Fib numbers, but they are not linked with waves...

    About other patterns - Leslie Jouflas and Larry Pesavento "Trade what you see". It looks too simple, from my point of view, but it covers major patterns well enough.


    Hi Ronyboy,
    I treat level as "strong" if it includes more than just one kind of support or resistance. For instance- Fib level+pivot, different Fib levels, Agreement, Level + Overbought/Oversold , or other combinations...
     
  5. bro_79

    bro_79 Recruit

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    Thanks

    Thank you for the suggestion i have read some reviews about Di Napoli and looking very difficult, I like this... Anyway the Forex Market is a war...
    ;)
    I start to looking for a copy thank you a lot! :mad:
     
  6. ronyboy

    ronyboy Private

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    butterfly or not?

    Hi Sive what do you think about this pattern?
    it is weekliy time frame for USDCHF, see attached.
     

    Attached Files:

  7. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Yes, this is excellent example of Butterfly.
     

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