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EUR/USD Daily Video, October 11, 2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Oct 11, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    market has achieved our short-term target at 1.37 area. Now, probably we can start to search for sell signals on intraday chart - let's discuss what levels to watch and what risks we should be aware of:




    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, Oct 11, 2011
    Lasted edited by : Aug 15, 2015
  2. machetazo

    machetazo Recruit

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    DRPO

    Hello Sive,
    yesterday we could see nice trust to the up on hourly timeframe. Then 3x3 was penetrated down, up and down within 9 bars. Can I consider it as valid DRPO please? Or is it failed DRPO because of monthly pivot which stands a few pips above last high and market wants to touch it?
    your help is more than appreciated
    and thank you very much for your sessions
    ondrej
     
  3. Russell Haynes

    Russell Haynes Recruit

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    Thanks Sive

    Hi ...
    I have just started using some new software "Track n Trace" and i was amazed ... shocked and slightly happy that my predictions (by using Track n Trace) with the Fib and Elliot wave gave similar predicions as you ...

    you clearly have more knowledge than me ... but it was just nice to see we had a similar idea through our workings / maths

    Russ
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Ondrej,
    Well, we hardly can call it as DRPO, since too much consolidation between penetrations and tops are too different. DRPO should have almost similar and well-recognizable tops.
     

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