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EUR/USD Daily Video, May 03, 2011

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

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    Looks like market is building an energy again, hence we have to try estimate the direction of possible strong move. Here are some thoughts about it:




    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, May 3, 2011
    Lasted edited by : Aug 15, 2015
  2. mosier

    mosier Recruit

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    Timeframe

    Good Day

    I was wondering why my timeframes alway's look different than yours. I can never see the same patterns in your video's. I have my time zone set to GMT +1. What time frame are you working off of?

    Thank you

    Michael
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Michael

    This is not the question of timeframe. I use futures chart instead of spot.
    That's the reason.
     
  4. mosier

    mosier Recruit

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    Thank you I will see if I can get it working with Futures.

    your the best

    michael
     
  5. mosier

    mosier Recruit

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    Don't you think it would be easier for the people watching if you used EUR/USD instead of the futures symbol? I can't even find it on the platform I use. MT4.

    Michael
     
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    No, it will not be simplier for some reasons. Generally, because I use CQG software for technical analysis and it includes proprietary DiNapoli indicators and tools pack, that MT4 does not have.
    Second, futures shows fixed close price, because data comes from exchange. On spot market we have as much close prices as FX brokers.
    The same reason is for dealing with trading volume. On the spot - you do not see it, but on futures - do.
    And last one - CQG much more comfortable to use as a drawing tool, compares to MT4.
    If my quotes change a bit from yours - draw the same patterns and levels on your own chart. Because futures and spot swings are the same. The difference is in quotes level only.
     
  7. mosier

    mosier Recruit

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    Thank you for the explanation. I use think or swim for charting what symbol are you using? I don't really like MT4 for charting I just use it for orders.
     
  8. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Currently June contract is leading, so for combined trading session stands EUAM1
    For Settlement only EUM1.
     

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