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USD/CHF Daily Video, December 07, 2010

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Dec 7, 2010.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    I've decided to talk today about Swiss franc, because it has some very interesting patterns as long term as in near future:





    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.
     
    #1 Sive Morten, Dec 7, 2010
    Lasted edited by : Aug 15, 2015
  2. ochills

    ochills Master Sergeant

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    Thanks Sive

    There is no gainsaying the fact that u are a great blessing to forex traders
    may the Lord Bless U and Ur family with Happy home and may he favour You and your family Likewise all FPA members who have made this free analysis possible and signal possible.
    Thanks
    Pls. 1 How can I identify double ripo buy or sell?
    Is it when 2 opposite candle is form and it open and close almost at the same price level
    2. pls how can I place MACD predictor Line on my chart. the I usually see in my trading platform is MACD Histogramme.
    Your assistance will be highly appreciated thanks.
     
  3. erich

    erich Private, 1st Class

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    hi Sive,
    please could you give feedback to my thoughts about USD/CAD in the picture:

    http://xyygl.com/usdcad_butterfly.png

    it seems that some major currencies like USD/CHF, USD/JPY and others come to important turning points.
    thanks, Erich
     
    #3 erich, Dec 7, 2010
    Lasted edited by : Aug 15, 2015
  4. spak3060

    spak3060 Private

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    Hi Sive
    I (and think some people) can't see ur video, would u write it down in brief.
    Thanks a lot.
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi, Erich,
    I agree with Butterfly and large AB-CD, although I like more streight move during the right wing. But it seems that this pattern is still valid.
    I do not see definite Fib expansion targets on your chart, but I think that you're EW fan. ab-cd, personally, I would treat as continuation of AB-CD, to next expansion target.
    Just one note if you don't mind - your chart is very overload with different indicators. Try to keep it as clear as possible. You'll see that to make a decisions will be much simpler.

    Every video has a text dublicate. But it is placed in weekly thread.
     
    #5 Sive Morten, Dec 7, 2010
    Lasted edited by : Aug 15, 2015
  6. wade pugsley

    wade pugsley Private

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    Sive,

    Well, any words of wisdom on what is happening? This news about the US tax rate extension has really hit our positions badly. Did you exit as soon as you heard the news and saw the market moving against you in a BIGGGGG way! I'm holding on to wait for the stop loss to get tripped but I feel like I'm the only one doing that. Can you give us some insight as to your thought process when something like this happens? I seem to get frozen and can't get out of a losing position in time. It sure would help to know what a pro thinks in these cases.

    Thanks for all your time and effort explaining things with your videos and charts!
     
  7. Sumeet Malik

    Sumeet Malik Recruit

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    Hi Sive,

    My question is also similar to Wade. How much pain to endure? I was eventually expecting USD strength but not so soon. The Eur/Usd also has lost steam. What is your take on it?
     
  8. pringy

    pringy Private

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    50% fib

    Hi Sive,

    Thanks for your great videos.

    Dinapoli doesn't use 50% retracements because it is strictly not a fibonnaci number.

    But I'm just wondering what your thoughts are, and experience with using 50% to establish confluence areas?

    cheers
     
  9. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Malik, Wade,
    The major importance here is your trading plan. And good trading plan suggests that profit points as a loose points (i.e. stop order placement) should be determined before position opened. It means that you should look at the chart without any passion and investigate, the breakout of which levels will tell you, that your initial context for trade will be canceled. It should be done before entering the market.
    If your context for trading has been destroyed - get out immediately. No thoughts should be here. But again, this conditions of context failing should be stricktly determined before opening position.
    If you will work in this way, you will never have to answer the questions that you've asked me. Just look at conditions that you've used to justify your entry - if they failed - get out.
    DiNapoli doesn't use 50% because it very close to 3/8 + 5/8 Confluence areas. I use 50% only for Agreements and don't use them for Confluences.
    Also I use 1.272, 0.786 and 0.88 Fib levels, because they work and important for butterflies, for expample.
    My experience tells me that the higher the time frame, the more important 50% level.
     

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