EUR/USD Daily Video, October 21, 2010

[Sive Morten]

Good morning,

market has achieved all our targets from different signals that we've mentioned in weekly research - DRPO LAL, MADP Failure and weekly pivot support 1.

Right now I do not see any solid signal for position trading, that is worthly to be taken. Market has a trading enviroment right now and in some decision making I suppose.
Personally, I'll be flat, but if you're intraday trader, I will show you some levels to watch for...




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.

 

[ramani]

any advise on erojpy

 

[Faizal Shuriken]

hi sive,
do u have any recommended source where i can find and learn about chart patterns.?
and also do u think the envelope indicator can work like joe dinapoli's oscillator predictor that u usually used on your chart analysis.?

thanks...

 

[Sive Morten]

hi sive,
do u have any recommended source where i can find and learn about chart patterns.?
and also do u think the envelope indicator can work like joe dinapoli's oscillator predictor that u usually used on your chart analysis.?

thanks...

well, Predictor has a different algorithm. In general, you can use any not normalized oscillator. For example Momentum.
Concerning envelope... I do not know, really. May be also you can try Bolinger bands, but Predictor is a Predictor. For now it's just impossible to say ahead - how perfect will envelope or Bolinger's Band work in term of Oversold/Overbought...

 

[cosmos]

Hi Sive, Was that a railroad track pattern on the daily time frame?

 

[cosmos]

To fellow novice traders, I found a webpage where Mr. DiNapoli discusses some of the trading patterns Sive has been teaching us, and defines some of the terms as well. You can see it here:
Joe DiNapoli - Masterforex-V
This should help us follow the strategies and also cut down on the number of repetitive questions we ask.

 

[cosmos]

To fellow novice traders, I found a webpage where Mr. DiNapoli discusses some of the trading patterns Sive has been teaching us, and defines some of the terms as well. You can see it here:
Joe DiNapoli - Masterforex-V
This should help us follow the strategies and also cut down on the number of repetitive questions we ask.