Standard Pivots and Fibonnaci Pivots? 9 replies
Adr, psych levels, demand & supply trading 13 replies
EUR/USD 5min - Trendlines and Pivots 379 replies
Important psych levels 1 reply
DislikedI took a long at 3211, and yes, if the signs are right, I'll take a short, but I'll probably wait until price has dropped through the mid-point level.Ignored
DislikedGo to YouTube and subscribe to "thefxpivotpoint".
DislikedThat would have been a beauty EV. I missed it but got a later rejection of the pivot/RN area. Please excuse the range bar chart, I entered on a lh at 109.95 after the RN held (the first time!). Fortunately I decided to leave my stop above the pivot at 110.10 and avoided a stop out by a whisker..
I exited after a hl at 109.28 for +67.
DislikedThought you might like this one. S1 is right under the 75 line.
Price moves up to previous R level at S1/75. A doji then a dragon fly doji.
Didn't want to break lower and I exited with a few pips as I was watching gj and was up much more there.Ignored
DislikedNot a bad idea, capstone. I was only experimenting with a naked chart, and only going back a few months or so. Still, the results were quite surprising. Those lines are like magnets!!
DislikedA pull-back to the mid-point level (blue ellipse), and then a continuance up to R1.
DislikedThought I would drop by. There was also a trade breaking out of falling TL on 15m chart that runs thro Asian session. Entry on breakout & above 40sma (I know its not your own preference but its been recommended to me so I am seeing how effecive it is) at 105.55. Original push up from DP at 105.36 (actually there was a micro falling TL there on 5 min, breakout 105.40 but too close to previous weeks low).
Ive been speaking to someone who uses weekly & monthly pivots a lot - and generally ignores the daily ones (for 20 pip moves I dont think they...Ignored
DislikedBlimey. Thread is quiet. This week has been much better for trading. Trends are easier! Anyway, thought I would attach this as its a currency that you guys dont trade much if I remember correctly. Dont ignore it, as there have been a few good trades recently.
Its only a small scalp today but you will see, despite all my pivot, psychs and fib lines, that currency trades to this threads principles. Also note the varied trendlines and reaction to them.
I will attach another chart in a few minutes.Ignored
DislikedWow! All those lines!!!!!! Barry, don't know how you cope!! This pair is one I actually do check out from time to time, mate.
You're late on tonight, brother. Burning the candle at both ends?
Closing down until the morning. Take care.