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EUR/USD Daily Video, May 27, 2011

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, May 27, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    market is showing nice move up. Let's discuss current environment, and what we can do if we do not have long position still:




    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 27, 2011
    Lasted edited by : Aug 15, 2015
  2. ertore

    ertore Private

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    Its EUR USD Forming a Double repo or Double Repo Look a like?

    Hi Sive. Yesterday i made wonderful pips 140 to be exactly with the entry in the support using the confluence zone. Now i want to know if in daily time frame we are having a double repo or double repo look a like. I have 9 trusting bar below 3 by 3 and 3 up then 4 down making a new low and today is going to end above 3 by 3. My doubt is because the lows are a little bit wide.

    Thanks for all your post and opinion.

    Regards,

    FXDominicano.
     
    #2 ertore, May 27, 2011
    Lasted edited by : Aug 15, 2015
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Ertore,
    Probably this is not quite DRPO - poor thrust. Just 4 bars before first cross of 3x3, and one of them is a half of a move.
     
  4. ertore

    ertore Private

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    Hi Sive: This is the image i have eur usd daily - fxdominicano's library Thats daily timeframe for EUR USD. I have 9 bars below 3 by 3 before the first penetration.
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Yes, but there are only 4 thrusting down...
    And - we have here 8 bars of consolidation between penetrations of 3x3. If we even assume that there are 9 bars. 9 bars of thrust and 8 bars of consolidation not excellent combination.
    I'm speaking from probability point of you. But my view does not mean that this pattern will not work currently. It could work.
    But since we discuss it's qualtity compares to perfect example - in most cases this kind will not work, I suppose.
     
  6. georgeta

    georgeta Sergeant

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    drpo

    Hello Mr. Morten!
    I think we could use your help on this drpo. Looks like it already made the second bottom but this could be only my broker quote. What do you think?
    Thank you!
     

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  7. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Georgeta,
    Nice thrust, it could be DRPO. But since this is 4H chart I prefer to see some strong support area below it on higher time frame...
     
  8. georgeta

    georgeta Sergeant

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    usdchf

    I thought you would say that :embarrassed: Sory, I forgot to attache this.
     

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    #8 georgeta, May 30, 2011
    Last edited: May 30, 2011

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