EU 6m chart showing detailed PA from the new daily start at 5pm EST. That's the white line on the left where the shaded fib zones begin.
This is near perfect conditions for seeing how well the Central and QP's work in combination with the regular fibs in this narrow ranging action like we've had recently that will likely continue for awhile.
I only calculate the ones I think may be useful and add the others as needed. Done for the night here, careful trades all.
ADD: Forgot the original point of this post. You can see where tonite is also a good example of using the Central as a pivot itself instead of ignoring it and sticking that 2944 QP exactly in the middle of the DP and M3. That's becuz tonite the central is far enough away from the dp to affect the pa like a regular pivot. so i just plot the middle between the CP and M3 and done. Usually works well.
If in doubt, I'll plot both and see which one price respects, then delete the other one. If the range is wide enough, you might to keep them both. I usually plot these on either my 6m or 20m for scalping or range trading like tonite, and then on my 1hr for the trends, and thats it.
This is near perfect conditions for seeing how well the Central and QP's work in combination with the regular fibs in this narrow ranging action like we've had recently that will likely continue for awhile.
I only calculate the ones I think may be useful and add the others as needed. Done for the night here, careful trades all.
ADD: Forgot the original point of this post. You can see where tonite is also a good example of using the Central as a pivot itself instead of ignoring it and sticking that 2944 QP exactly in the middle of the DP and M3. That's becuz tonite the central is far enough away from the dp to affect the pa like a regular pivot. so i just plot the middle between the CP and M3 and done. Usually works well.
If in doubt, I'll plot both and see which one price respects, then delete the other one. If the range is wide enough, you might to keep them both. I usually plot these on either my 6m or 20m for scalping or range trading like tonite, and then on my 1hr for the trends, and thats it.
FUBAR...