DislikedWe dont even able to break 2900, that area has been reject for like what? 4-5 times... Pretty sure someone do not want euro to be >1.29Ignored
It broke the line 1.2909 now... it is maybe an uptrend now
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DislikedWe dont even able to break 2900, that area has been reject for like what? 4-5 times... Pretty sure someone do not want euro to be >1.29Ignored
DislikedHi everyone,
I think I am missing something when it comes to understanding pivot points.
From last few days of trading prices dont appear to hang around or gravitate to the daily pivot point prices as easily as people say they do. They dont seem to touch the Support or Resistance lines, most of the time they appear to linger somewhere in between.
Then I realised that there is also pivot points can be plotted in different time frames and hourly pivot points seem to give a better picture of where prices are finding support and resistance.
Anyway...Ignored
Dislikedmay be depression who have no means to earn more money as already being papers only & next to downgrade to waste toilet tissue, simply can be applied for currencies but not any real things in this world even the toilet tissue itself as being costly than money denominated next time .
[size=2][font=Arial]so may be depression as is a fashion in describing economy now-a-days while everybody is wealthier day by day.The pronzi scheme can never run success , grow again...Ignored
DislikedHi everyone,
I think I am missing something when it comes to understanding pivot points.
From last few days of trading prices dont appear to hang around or gravitate to the daily pivot point prices as easily as people say they do. They dont seem to touch the Support or Resistance lines, most of the time they appear to linger somewhere in between.
Then I realised that there is also pivot points can be plotted in different time frames and hourly pivot points seem to give a better picture of where prices are finding support and resistance.
Anyway...Ignored
Dislikedso you can go short
Give it time... market doesn't move allways in straight line. Unloaded half with 50 pips... rest SL + 24 or tp at 1.2950
Everyone can be wrong, but this is my scenario :Ignored
DislikedDaily Pivot Points were first used by floor traders. They were used to have easy to calculate reference price on what price was doing. ES with only market hours pivots will give you a good example on how they work (especially if you have older intraday data)....Ignored
DislikedThank you very much, this makes better sense to me. I was confused because some trading videos were saying trading using pivots its so easy its not even trading. And everything looks great from there video (life goes from pivot to R1, back to pivot and back up to R1 all easy and nice 80 pips) but its not something that was transferring accross to real time data that I was seeing.
So it makes sense but now its like the more you know the less you know. Dont trust indicators, pivot points, and careful with fake break outs.Ignored
DislikedAlso I was telling a mate (who trades for ABN AMRO) of mine a few months back about my new candle stick knowlegde to my trading armoury, Dojis Dark cloud cover etc.
He told me remember that theres a good few thousand people looking at that same doji, hanging man etc. the banks may want this Euro down but first they will screw as many people out as they can before triggering it off.
This had me fooled this AM. I´m still short and way out of court 50 pips now. Plenty of people got sucked in when it hit 12830ish short and the price has been driven...Ignored
DislikedAlso I was telling a mate (who trades for ABN AMRO) of mine a few months back about my new candle stick knowlegde to my trading armoury, Dojis Dark cloud cover etc.
Ignored
Dislikedbear is now being ready, in my case it is revenge to talk about bull, we were at correction of down trend of 2008-2010 why you are talking about bull ?
could you tell me why? thanksIgnored