EUR/USD Daily Video, September 25, 2012

Sive Morten

Special Consultant to the FPA
Messages
18,564
Good morning,
There are less and less changes that market will reach so desirable 50% <span class="glossarylink">

<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&amp;item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&amp;item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">support</a>



</span> at daily oversold. There are some patterns that point on possible B&B start right from current levels:


[video]http://images.forexpeacearmy.com/Weekly/EUR_USD_25_09_12.swf[/video]


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.
 
Hi Sive, Thank you for your daily analysis... It's a pleasure to learn from a pro... Fantastic how you read the markets...
 
i can live without my husband, but i dont know how i would survive without your analysis

Hi Sive, Thank you for your daily analysis... It's a pleasure to learn from a pro... Fantastic how you read the markets...
Hi Sive,
I want to join in and express my appreciation to your knowledge and willingness to share it here for us.
I am just starting to smell the FX market and have so many questions. But today i want to ask you this: what are the parameters for your oversold and overbought lines that you have set on your MT4. What should i use to put them on my platform.

Greatly appreciated, Aise
 
Hi Sive,
I want to join in and express my appreciation to your knowledge and willingness to share it here for us.
I am just starting to smell the FX market and have so many questions. But today i want to ask you this: what are the parameters for your oversold and overbought lines that you have set on your MT4. What should i use to put them on my platform.

Greatly appreciated, Aise

Hi Aise,
I use derrivative indicator from Detrended Oscillator (DOSC), it based on difference between close price and 7-period SMA. It's application a bit sophisticated, but you can read about it in our Forex Military School:
Forex Military School | Complete Forex Education by a Pro Banker - Forex Peace Army Forum

Find there DOSC - you can download it and understand how correctly apply it.

But these two blue bands on the chart - this is Oscillator PRedictor that is protected by copyright law from DiNApoli. You can try to program it by yourself, but it is forbidden to distribute it either free or for money. Otherwise, I put it for free download here long time ago.
Here is our forum member nick "Kamuta" could help you with programming, I suppose.

Dosc and Predictor are the same, but using Dosc you have to calculate overbought/oversold price by yourself, while Predictor shows it directly. Result will be the same.
 
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