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GBP/USD Daily Video, February 04,2011

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Feb 4, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    DRPO has been confirmed, also we will discuss more bearish signs, and talk about the possible targets:




    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, Feb 4, 2011
    Lasted edited by : Aug 15, 2015
  2. OPHH

    OPHH Private, 1st Class

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    Dear Sive

    thanks very much.
     
  3. Klewe

    Klewe Recruit

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    Sive,
    1. what is your fib-level for the DPRO-failure?
    2. what are the measuring points for the DPRO-failure, the confirmation bar for the DPRO or the whole swing from previous high bar (including the confirmation bar)?
     
  4. Dollar-Reaper

    Dollar-Reaper Private, 1st Class

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    DRPO EURUSD Daily

    Dear Sive,

    I enjoy your daily analysis so much, my staff say I am in a bad mood until it arrives in my In Box, but I am sure it is not that bad ha ha.

    Just a question Sive, why would the action on the EURUSD Daily not qualify as a DRPO?

    From 09.01.2011 it trended upwards without any meaningful retraction always above the 3x3 until 28.01.2011 when it closed below the 3x3, then on 02.02.2011 it had closed above the 3x3 and took out the previous high (of 22.11.2010) and on 03.02.2011 price closed below the 3x3, which to me was a confirmation of the DRPO. It has continued to move downwards since then, well till the time of writing.

    Is it a DRPO or have I lost the plot somewhere.

    Yours gratefully

    Tony
     
  5. f-man

    f-man 4Xangels Representative

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    I really enjoyed the pips on the bearish move today!
    Thanks for helping us pulling the trigger Sive!
     
  6. avinashg

    avinashg Recruit

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    ya i too have the same doubt... why EURUSD Daily not qualify as a DRPO?
     
  7. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Well, guys I do not want to say that "This is denfinitely not a DRPO". May be it is. At least it could be treated as DRPO Look-a-like.

    It has a bit bigger difference in tops, then I wish to see. But this is not an absolute opinion - in fact it could work as DRPO.
     

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