FOREX PRO Weekly October 10-14, 2011

onlinesolution

Recruit
Messages
1
How Do I Understand Your Analysis

Hi Sive,
Thanks for the good works you've been doing.
I've been reading your analysis for quite some
time and notice it's accuracy but it's painful to
me that i don't understand your terminologies
like gartley, butterfly,ABCD Battern and how
you do arrive at the calculations you always
have on your chart, hence i've not been able
to benefit in terms of pipping from your ana-
lysis.
Is there any material like course or ebook that
detail or explain your strategy or treminologies
you used that one could get or better still what
is the best way you think i can follow to understand your
analysis?
Regards
Shina
 

yousuf

Private, 1st Class
Messages
49
hey sive.

hi sive, hope your well and once again thank for the tremendous amount and time you put in such fabulous work.

The market has moved up, but i remaining bearish on the pair, i think the market has met,

Overbought on the daily chart.
K area and agreement on the 4 hour chart.
and a major psychological level around 1.36000

possible resistance area = 1.36339 - 1.36752

do u think this is an opportunity to short?

charts attached.
 

Attachments

TOURADA

Recruit
Messages
5
Hi Sive Morten because of you from one year now y became student of Dinapoli technical analysis and trading .I think you was is best student ,in one interview he was telling "......one of my best student from India ......", god bless you and bring to you all the best .
 

kneepad

Recruit
Messages
3
Hi Sive,
Thanks for the good works you've been doing.
I've been reading your analysis for quite some
time and notice it's accuracy but it's painful to
me that i don't understand your terminologies
like gartley, butterfly,ABCD Battern and how
you do arrive at the calculations you always
have on your chart, hence i've not been able
to benefit in terms of pipping from your ana-
lysis.
Is there any material like course or ebook that
detail or explain your strategy or treminologies
you used that one could get or better still what
is the best way you think i can follow to understand your
analysis?
Regards
Shina
Time for School.

Forex Military School | Complete Forex Education by a Pro Banker - Forex Peace Army Forum
 

Triantus Shango

Sergeant Major
Messages
1,372
Hi Sive,
Thanks for the good works you've been doing.
I've been reading your analysis for quite some
time and notice it's accuracy but it's painful to
me that i don't understand your terminologies
like gartley, butterfly,ABCD Battern and how
you do arrive at the calculations you always
have on your chart, hence i've not been able
to benefit in terms of pipping from your ana-
lysis.
Is there any material like course or ebook that
detail or explain your strategy or treminologies
you used that one could get or better still what
is the best way you think i can follow to understand your
analysis?
Regards
Shina
shina

go to the education part of this forum. sive's been writing THE book about technical trading: Forex Military School | Complete Forex Education by a Pro Banker - Forex Peace Army Forum

best of luck.
 

Sive Morten

Special Consultant to the FPA
Messages
13,165
EUR/USD Daily Update, Tue 11 October 2011

Good morning,
Market has reached our ultimate short-term target around 1.37 - daily K-resistance and overbought. So, despite the nice upside momentum, it's not the time to enter long right now. We need some pullback.

On 4-hour chart you also can see that market has reached some significant intraday Fib extension targets.

Hourly chart tells that potential targets of retracement are 1.3480 K-support and major 0.618 Fib support at 1.3351.
But be aware of new highs that market could show right before retracement will start. Take a note, that Monthly pivot stands at 1.3717 - right at 1.27 extension of current small retracement swing. Market could touch it first, and start retracement second.

So, Trading plan as follows - if you're day trader - wait 1.3480 or even 1.3351 to enter long.
If you trade intraday - search for sell signals around 1.37 - it could be Butterfly "sell", may be even H&S, I don't know. When we will see something like that - enter short with minimum target at 1.3480 - ultimate 1.3350.

1.3350 is particularly interesting - just remember what we've said earlier about potential reverse H&S on daily time frame... That is one of the possible mid-term perspectives...
 

Attachments

Sive Morten

Special Consultant to the FPA
Messages
13,165
First of all thanks Sieve for great job you are doing. I suppose there are many people who get some profit from your reviews :)

If I may, I'd like to ask few maybe some stupid :p questions. :)
I'm quite experienced in trading, but specialised in technical trading like developing automated systems, but I think anyone should improve his knowledge so that's why I'm following your posts and videos.

So my questions - I haven't heard about K-area you mentioned several times, unfortunately I didn't succeed with Google too. Could you please point me to some link where I can read about it, or just explain in few words.

One other question is about looking for confirmation/entry points in 5m chart. I'm a little bit confused what exactly you mean by that? Because as from my experience 5m has a lot of noise and typically we can find there any signal to buy or to sell or to do nothing :D

Thank you :)
Cheers!
Hi Lmp
I mostly use DiNapoli approach to trading with some add-ons such Harmonic patterns and pivot points. So K-area means Confluence - tight area where 0.382 level almost coincides with 0.618 from another reaction point (local extreme).
If you want to know more about it - read Trading with DiNapoli levels book by DiNapoli.
Also you may visit our FPA School:
Forex Military School | Complete Forex Education by a Pro Banker - Forex Peace Army Forum

Speaking about the signals of 5 min charts - you may watch education real-time video at the bottom of my root page. Usually I look for reversal patterns around strong areas - H&S, Double tops/bottoms, Butterflies, 3-Drives, Dinapoli directional signals or something like that. Sometimes even candlestick patterns...

Hi Sive,
Thanks for the good works you've been doing.
I've been reading your analysis for quite some
time and notice it's accuracy but it's painful to
me that i don't understand your terminologies
like gartley, butterfly,ABCD Battern and how
you do arrive at the calculations you always
have on your chart, hence i've not been able
to benefit in terms of pipping from your ana-
lysis.
Is there any material like course or ebook that
detail or explain your strategy or treminologies
you used that one could get or better still what
is the best way you think i can follow to understand your
analysis?
Regards
Shina
Hi Shina,
I agree with Triantus and Kneepad, that our FPA School can help you much with that:
Forex Military School | Complete Forex Education by a Pro Banker - Forex Peace Army Forum
Also read Glossary thread in the root of my page...

hi sive, hope your well and once again thank for the tremendous amount and time you put in such fabulous work.

The market has moved up, but i remaining bearish on the pair, i think the market has met,

Overbought on the daily chart.
K area and agreement on the 4 hour chart.
and a major psychological level around 1.36000

possible resistance area = 1.36339 - 1.36752

do u think this is an opportunity to short?

charts attached.
Hi Yousuf,
good analysis - you're absolutely right, see my today's update.

Hi Sive Morten because of you from one year now y became student of Dinapoli technical analysis and trading .I think you was is best student ,in one interview he was telling "......one of my best student from India ......", god bless you and bring to you all the best .
Hi Tourada, I'm afraid that this is not about me... At least because I'm not from India.
 

yousuf

Private, 1st Class
Messages
49
hey sive.

the following post made me roll on the floor :

"Hi Tourada, I'm afraid that this is not about me... At least because I'm not from India"

hahahahahahahahaha
 

ALF

Private, 1st Class
Messages
62
Your educational real time video

..............."Speaking about the signals of 5 min charts - you may watch education real-time video at the bottom of my root page. Usually I look for reversal patterns around strong areas - H&S, Double tops/bottoms, Butterflies, 3-Drives, Dinapoli directional signals or something like that. Sometimes even candlestick patterns..."

Hi Sive,

Could you please provide us with the link for this educational real time video.

Thanks and have a nice day.
 
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