{quote} If we close the week at 1.03697, next month's pivot will be the same. (by definition) Pivot = (H + L + C) / 3 H = 1.05288 L = 1.02107 (H+L) / 2 = 1.03697 Now, let's say we want next month's pivot to be 1.041, for example, what should the close be to get that pivot value?
- #205,622
- Feb 27, 2025 3:42am Feb 27, 2025 3:42am
- Joined May 2014 | Status: Full Time Trader | 27,272 Posts | Online Now
{quote} If we close the week at 1.03697, next month's pivot will be the same. (by definition) Pivot = (H + L + C) / 3 H = 1.05288 L = 1.02107 (H+L) / 2 = 1.03697 Now, let's say we want next month's pivot to be 1.041, for example, what should the close be to get that pivot value?
Pivot = (H + L + C) / 3
Close = X
H = 1.05288
L = 1.02107
You want pivot to be 1.0410, So --->
1.0410 = (1.05288 + 1.02107 + X) / 3
X = (1.0410 * 3) - (1.05288 + 1.02107)
X = 3.123 - 2.07395
X = 1.04905 => Close
Easy...
But let's focus on EURUSD...
Focus only on what truly matters!
- #205,623
- Feb 27, 2025 4:00am Feb 27, 2025 4:00am
- Joined May 2014 | Status: Full Time Trader | 27,272 Posts | Online Now
Focus only on what truly matters!
- #205,625
- Feb 27, 2025 5:01am Feb 27, 2025 5:01am
- Joined May 2014 | Status: Full Time Trader | 27,272 Posts | Online Now
DAILY Chart Update
- I keep reposting this chart: Just remember that D1 is still bullish.. I am temporarily bearish based on H1...
- 1.0464 is the nearest support here and as long as intraday candles open above it my overall bias is bullish...
- Today I try to scalper-sell 1.0487 area, but then I also try to scalper-buy dips as close as it gets to support...
Best wishes
Focus only on what truly matters!
- #205,627
- Feb 27, 2025 5:05am Feb 27, 2025 5:05am
- Joined May 2014 | Status: Full Time Trader | 27,272 Posts | Online Now
Based on H1, I just opened scalper-sell order here at 1.0487 as planned... Good luck to all sellers
Focus only on what truly matters!
- #205,636
- Feb 27, 2025 7:38am Feb 27, 2025 7:38am
- Joined Dec 2011 | Status: Trader | 3,013 Posts
{quote} Two possible scenarios. Caution while below 1.048 level. Agree with ATA selling spikes. Long positions with tight SL. If weekly support is broken that could mean significant drop. {image}
{quote} And there it comes our drop {image}
- #205,640
- Feb 27, 2025 7:49am Feb 27, 2025 7:49am
- Joined Dec 2011 | Status: Trader | 3,013 Posts
{quote} While below key level move towards area 1.042 in cards {image}
