i think we will get the hammer in 4 hours chart
so its going to be legen-------- (wait for it) -------dary loooool
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Dislikedhehe
i think we will get the hammer in 4 hours chart
so its going to be legen-------- (wait for it) -------dary looooolIgnored
DislikedThe daily pivot point I think is 206.76. What does that mean? Does anyone have or use pivot points as a way to trade? Or can someone please explain to me how to use them.Ignored
DislikedI use em (daily only) alot on UJ and EU, they like them most times. GY seems to like them when it's ranging or during slow sessions. (Or maybe thats what it wants me to think...) When it gets going tho, forget them (imo) unless it's slowing down near one. Then it frequently respects them.
Bottom line, I respect anything price respects. I ignore what it ignores.
Pivots work for me "mostly". I get nervous with a chart that doesn't have them. Doesn't look right to me. I have seen price bounce off a pivot to the pip more times than I can count, under the RIGHT conditions. So i will set limit orders and TP's with them.
If you're going to trade them, first thing you have to do is settle on your time frame for calculating them. Most autocalc things seem to use 0 hrs GMT. I use 2100 gmt/ 5pm est ONLY. My Accucharts pivot indicator allows you to set any time frame you want within 24 hrs, that's what I use. It's accurate to within a pip from my old manual calculations using daily HLC data.
If you're interested, I posted this a couple months ago. http://www.forexfactory.com/showpost...ostcount=70303 pm me if you want.Ignored
Dislikedguys... stop opening shorts. it should have dipped by now, which didn't happen, so i would wait for london before making another entry, short or long.Ignored
Dislikedguys... stop opening shorts. it should have dipped by now, which didn't happen, so i would wait for london before making another entry, short or long.Ignored
DislikedThanks. If it hits the daily pivot point, (if coming from above), it may respect it a little, by retracing a few pips, but it won't really change the direction. Unless it's a monthly pivot point. Is this on right path?Ignored