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  • #2,481
  • Edited 9:22am Aug 13, 2007 9:08am | Edited 9:22am
Short 118.34, price hit the Weekly daily pivot (118.47) and turning back passed tro daily pivot (118.21) and went as low as 118.07. Bouncing back to daily pivot again.

Interesting. Close my trade at 118.27. +7 pips.
  • #2,482
  • Aug 13, 2007 11:49am Aug 13, 2007 11:49am
5th Short at 118.42, closed 118.35, + 7 pips. Need to call it a day, late for bed.

Total collected for today 52 pips.

These trades were based on pivots retracement.

Missed out a lot of pips as the bouncing from low is very fast.

Nevertheless, I like to thank Dove for all his sharing.
  • #2,483
  • Aug 13, 2007 5:10pm Aug 13, 2007 5:10pm
Quoting Slaesch
Hi Everybody!

I was following your postings the last 3 weeks and i have a question to you dove_alliance.

What do you do if your open position does not move as you want it to?

Do you use a stop loss or how do you behave?

thanks

I found the post where you said that you use stop loss... thx
  • #2,484
  • Aug 13, 2007 5:55pm Aug 13, 2007 5:55pm
Could someone post pivots for today ? Generally it would be good idea if someone post each day PIVOTS POINT after 17 ET.

I know it has been thoroughly explained but all these timezones mess everything up Besides I'm sure that many will benefit thanks to this simple calculations each day

For now I will post my pivots but I will edit this post if they are wrong - I don't want to make confusion ; Forex is already weired

I used : OPEN - 118.22 HIGH - 118.55 LOW - 117.67 CLOSE - 118.22

R3 - 119.50

R2 - 119.03

R1 - 118.62

CENTRAL POINT - 118.22

PIVOT POINT - 118.15

S1 - 117.74

S2 - 117.27

S3 - 116.86

Anybody willing to confirm/correct them ?
  • #2,485
  • Aug 13, 2007 6:33pm Aug 13, 2007 6:33pm
Quoting PolishTrader
Could someone post pivots for today ? Generally it would be good idea if someone post each day PIVOTS POINT after 17 ET.

I know it has been thoroughly explained but all these timezones mess everything up Besides I'm sure that many will benefit thanks to this simple calculations each day

For now I will post my pivots but I will edit this post if they are wrong - I don't want to make confusion ; Forex is already weired

I used : OPEN - 118.22 HIGH - 118.55 LOW - 117.67 CLOSE - 118.22

R3 - 119.50

R2 - 119.03

R1 - 118.62

CENTRAL POINT - 118.22

PIVOT POINT - 118.15

S1 - 117.74

S2 - 117.27

S3 - 116.86

Anybody willing to confirm/correct them ?
what time chart did you use?
  • #2,486
  • Aug 13, 2007 6:42pm Aug 13, 2007 6:42pm
on the 1 hour bar at 5:00 est I see

open 188.24 hi 188.26 low 118.08 close 188.16
  • #2,487
  • Aug 13, 2007 7:26pm Aug 13, 2007 7:26pm
The High and Low come from my daily candle

OPEN is open of Sunday 17 ET candle

and CLOSE .... maybe here I made mistakes,I picked OPEN of Monday 17 ET candle ... should I pick close ?

Regards

That is why I'm asking somebody to do this each day - personally my pivots are calculated at 18 ET and also swaps are given/taken at this hour.
Besides,Sunday opens at 17 ET so I can't see Weekly Central Pivot ....

That's the reason I'm confused sometimes with DOVE pivots
  • #2,488
  • Aug 13, 2007 7:29pm Aug 13, 2007 7:29pm
Based on my Fxaccucharts I have:
Open 118.21 High 118.55 Low 117.67 Close 118.23
R3= 119.51
R2= 119.03
R1= 118.63
P = 118.15
S1= 117.75
S2= 117.27
S3= 116.87
I have been trying the sniping from pivot to pivot.
I went short at the 118.23 and my limit took me out at 118.15 +08. I used 118.31 for my stop (being protected by the 118.23 pivot with some padding). I'm just waiting to see what it's going to do with this psych barrier of 118.00 before I decide what to do next.
Munen Muso
  • #2,489
  • Edited 7:52pm Aug 13, 2007 7:36pm | Edited 7:52pm
Rawmss88,Basically they are almost the same - that's good

It's nice to hear that Dove strategy worked once again.However I remember that he wrote something about NOT trading (I mean trading with some other rules,other strategy,other approach,you know what I mean )

when there is spread (difference between Central and Daily Pivot) smaller than 30,35 pips ? Something like that
  • #2,490
  • Aug 13, 2007 8:00pm Aug 13, 2007 8:00pm
Quoting PolishTrader
Rawmss88,Basically they are almost the same - that's good

It's nice to hear that Dove strategy worked once again.However I remember that he wrote something about NOT trading (I mean trading with some other rules,other strategy,other approach,you know what I mean )

when there is spread smaller than 30,35 pips ? Something like that
Yes, I do believe it was something like 30 pips. But I had other indicators telling me it was going drop so I took the trade. I added Dove's pivot stragety into my own. It gives me solid targets and stops which my stragety was lacking. I just went short 2 lots at 117.96 based on a break out of the Ichimoku cloud on a 15 minute chart. My target is the 117.75. I got cold feet and closed 1 lot at 117.89 and moved my stop on the second one to 1 pip in profit. If it hits 117.75 Sweet. If it retraces a few and takes me out. No big deal.
Munen Muso
  • #2,491
  • Aug 13, 2007 8:17pm Aug 13, 2007 8:17pm
Congratulations Rawmss88 I see that your target was hit !

Now lets see if it close below S1 (so we can move to S2) or maybe we will see bounce and ... R1 ?
  • #2,492
  • Aug 13, 2007 8:26pm Aug 13, 2007 8:26pm
Did anyone capture the total fall from the Central to S1?
  • #2,493
  • Aug 13, 2007 8:27pm Aug 13, 2007 8:27pm
Hello Everyone - If you had followed the pivot system you had made al ot of pips on that run..... I got in above the Central at the 118.26 because all indicators said down plus the daily trend is down..... I put no limit at that time because of the daily sitting at the 15..... When it bust through I paced my limit at 117.75 which is the S1..... It came short by 1 pip, so far, but at the bounce I shut down at the 80. Right now be looking for retraces and possibly back to the daily and then another shot at the 75. because it did not hit it yet but it eventually will.
The Dove - Forex Trainer
  • #2,494
  • Aug 13, 2007 8:29pm Aug 13, 2007 8:29pm
Quoting dove_alliance
Hello Everyone - If you had followed the pivot system you had made al ot of pips on that run..... I got in above the Central at the 118.26 because all indicators said down plus the daily trend is down..... I put no limit at that time because of the daily sitting at the 15..... When it bust through I paced my limit at 117.75 which is the S1..... It came short by 1 pip, so far, but at the bounce I shut down at the 80. Right now be looking for retraces and possibly back to the daily and then another shot at the 75. because it did not hit it yet but it eventually will.
That's awesome Dove... I missed it all... started late.
  • #2,495
  • Aug 13, 2007 8:45pm Aug 13, 2007 8:45pm
Something to be aware of is the 118.00 which is a hard resistance and support... It will bust through it but not until it bounces off a few times.
The Dove - Forex Trainer
  • #2,496
  • Aug 13, 2007 8:59pm Aug 13, 2007 8:59pm
After it hits the 75 it will more and likely turn back for the daily or hit the 72 where there is a very tough support..... This is where you got be focus beofre looking at the S2.
The Dove - Forex Trainer
  • #2,497
  • Aug 13, 2007 9:24pm Aug 13, 2007 9:24pm
I'm in Long @ 118.87 about 15mins ago , tad bit early thou.
Chances favour the prepared.
  • #2,498
  • Aug 13, 2007 9:25pm Aug 13, 2007 9:25pm
A double-bottom off the 23% fib perhaps?
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  • #2,499
  • Aug 13, 2007 9:27pm Aug 13, 2007 9:27pm
Quoting jasonowl
I'm in Long @ 118.87 about 15mins ago , tad bit early thou.
Looks like it will come back another time for the 75..... I would say you are safe.
The Dove - Forex Trainer
  • #2,500
  • Aug 13, 2007 9:30pm Aug 13, 2007 9:30pm
Yeah, lets hope so.
I'm gonna watch the 118, that could be a nice place for it to turn down to the 75...

Quoting dove_alliance
Looks like it will come back another time for the 75..... I would say you are safe.
Chances favour the prepared.
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