NZD/USD Daily Video, June 19, 2017

[Sive Morten]

Good morning,

Although NZD looks really strong right now and keeps bullish context very well, kiwi a bit overextended up on short-term charts, that's why we expect to see retracement down on coming week:





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.

 

[verbazo]

Hi Sive!

Please can you explain why but the D-REPO LPO to 50% not 61.8% (as Dinapoli recommends), is it because of the OS level?

All the Best!

 

[verbazo]

Stupid question but is there something wrong with this 1H butterfly drawing?

 

[Major_Tom]

Hi Sive!

Please can you explain why but the D-REPO LPO to 50% not 61.8% (as Dinapoli recommends), is it because of the OS level?

All the Best!

Hello, i try......the target of DPRO is 50%, The target of B&b is 61.8%.

 

[csc2009]

Thanks for the analysis, Sive. Again very helpful.

 

[verbazo]

Hello, i try......the target of DPRO is 50%, The target of B&b is 61.8%.

YES , thank you ...my bad the target for B&B is 61,8%.
For the D-REPO DiNapoli says "signal remains intact either a major Logical Profit Objective is achieved or......"
So the question for Sive remains basically same. Why you choose 50%, is it just a experience choice or.....?

 

[Sive Morten]

For the D-REPO DiNapoli says "signal remains intact either a major Logical Profit Objective is achieved or......"
So the question for Sive remains basically same. Why you choose 50%, is it just a experience choice or.....?

This is mostly the subject of observation. Traders on private DiNapoli forum and DiNapoli experts (with DiNapoli himself) come to conclusion that most common minimal target of DRPO is 50%. Book was written a bit earlier, but this is latter update. You could use LPO instead, as it stand in the book. THere is no mistake.

 

[Sive Morten]

Stupid question but is there something wrong with this 1H butterfly drawing?

Hi, the shape is correct. But, as butterfly is reversal pattern, we usually watch for butterfly "Buy" on bottom and butterfly "sell" on top. But in your case you've drawn butterfly "Sell" on bottom.
Here is a lot of interesting on harmonic patterns, take a look:
https://www.forexpeacearmy.com/community/threads/chapter-17-part-i-intro-to-harmonic-patterns.17494/

 

[verbazo]

Hi, the shape is correct. But, as butterfly is reversal pattern, we usually watch for butterfly "Buy" on bottom and butterfly "sell" on top. But in your case you've drawn butterfly "Sell" on bottom.
Here is a lot of interesting on harmonic patterns, take a look:
https://www.forexpeacearmy.com/community/threads/chapter-17-part-i-intro-to-harmonic-patterns.17494/

Many Thanks Sive!