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  • #2,861
  • Aug 15, 2007 9:54pm Aug 15, 2007 9:54pm
Can anyone tell me what we are looking at right now and what could happen?
The Dove - Forex Trainer
  • #2,862
  • Aug 15, 2007 9:55pm Aug 15, 2007 9:55pm
Quoting Ryurina
Sorry, do you mean S1 Weekly ?
N0 - S1 Daily and S2 Daily
The Dove - Forex Trainer
  • #2,863
  • Aug 15, 2007 9:58pm Aug 15, 2007 9:58pm
Quoting dove_alliance
N0 - S1 Daily and S2 Daily
My Pivot point for today :

PP = 116.73

S1 = 115.81

S2 = 115.33

Sorry, maybe different time frame, and i won't bother you again, thanks...
  • #2,864
  • Aug 15, 2007 9:58pm Aug 15, 2007 9:58pm
Quoting dove_alliance
Can anyone tell me what we are looking at right now and what could happen?

I guess you haven't paying attention:

We are now at the 50% retrace - It can retrace back to the S2..... or go on to the S1 for another turn.

Oops = my mistake.

Retrace back to the S1 or go on to the S2.
The Dove - Forex Trainer
  • #2,865
  • Aug 15, 2007 9:59pm Aug 15, 2007 9:59pm
Quoting dove_alliance
Can anyone tell me what we are looking at right now and what could happen?
A retrace towards S2 but when Europe comes in it's going up to S1 or even the daily
  • #2,866
  • Aug 15, 2007 9:59pm Aug 15, 2007 9:59pm
Let me try ..

Since S1 was touched, now either heading to Central 11659 or can turn back to S2.
  • #2,867
  • Aug 15, 2007 10:05pm Aug 15, 2007 10:05pm
Quoting sher
Let me try ..

Since S1 was touched, now either heading to Central 11659 or can turn back to S2.
It can retrace back to the S1 and then keep going..... This is where you have to be careful and focus to be sure not to get in late when it originally turned at the S2..... Because you do have the 50% retrace.
The Dove - Forex Trainer
  • #2,868
  • Aug 15, 2007 10:09pm Aug 15, 2007 10:09pm
I should had said S1 and not 2 because the 50% takes place during the return trip.
The Dove - Forex Trainer
  • #2,869
  • Aug 15, 2007 10:10pm Aug 15, 2007 10:10pm
This scenario takes place between all pivots, especially between the Central and the Daily.....
The Dove - Forex Trainer
  • #2,870
  • Aug 15, 2007 10:11pm Aug 15, 2007 10:11pm
The weekly trendline held up for now but I think the momentum is too great to the downside for it to hold up. If the London exchange goes red and the retail sales report is bad for the pound then it just might break it this morning.
  • #2,871
  • Aug 15, 2007 10:11pm Aug 15, 2007 10:11pm
The mid point between S1 and S2 , ie 11606. By when we can confirm the direction, as I see it is bouncing around this area.
  • #2,872
  • Aug 15, 2007 10:13pm Aug 15, 2007 10:13pm
Subject: Best Corn


There was a farmer who grew superior quality and award-winning corn. Each year he entered his corn in the state fair where it won honor and prizes.

One year a newspaper reporter interviewed him and learnt something interesting about how he grew it. The reporter discovered that the farmer shared his seed corn with his neighbors.

"How can you afford to share your best seed corn with your neighbors when they are entering corn incompetition with yours each year?" the reporter asked. "Why sir, " said the farmer, "didn't you know?
The wind picks up pollen from the ripening corn and swirls it from field to field. If my neighbors grow inferior, sub-standard and poor quality corn,cross-pollination will steadily degrade the quality of my corn. If I am to grow good corn, I must help my neighbors gr! ow good corn."

The farmer gave a superb insight into the connectedness of life. His corn cannot improve unless his neighbor's corn also improves. So it is in the other dimensions! Those who choose to be at harmony must help their neighbors and colleagues to be at peace.

Those who choose to live well must help others to live well. The value of a life is measured by the lives it touches.
Success does not happen in isolation. It is very often a participative and collective process. So share the good Quality corn.....
Chances favour the prepared.
  • #2,873
  • Aug 15, 2007 10:18pm Aug 15, 2007 10:18pm
Quoting jasonowl
Subject:Best Corn


There was a farmer who grew superior quality and award-winning corn. Each year he entered his corn in the state fair where it won honor and prizes.

One year a newspaper reporter interviewed him and learnt something interesting about how he grew it. The reporter discovered that the farmer shared his seed corn with his neighbors.

"How can you afford to share your best seed corn with your neighbors when they are entering corn incompetition with yours each year?" the reporter asked. "Why sir, " said the farmer, "didn't you know?
The wind picks up pollen from the ripening corn and swirls it from field to field. If my neighbors grow inferior, sub-standard and poor quality corn,cross-pollination will steadily degrade the quality of my corn. If I am to grow good corn, I must help my neighbors gr! ow good corn."

The farmer gave a superb insight into the connectedness of life. His corn cannot improve unless his neighbor's corn also improves. So it is in the other dimensions! Those who choose to be at harmony must help their neighbors and colleagues to be at peace.

Those who choose to live well must help others to live well. The value of a life is measured by the lives it touches.
Success does not happen in isolation. It is very often a participative and collective process. So share the good Quality corn.....
In Jesus Name..... Amen
The Dove - Forex Trainer
  • #2,874
  • Aug 15, 2007 10:19pm Aug 15, 2007 10:19pm
Quoting sher
The mid point between S1 and S2 , ie 11606. By when we can confirm the direction, as I see it is bouncing around this area.
If you got good indicators it will let you know.
The Dove - Forex Trainer
  • #2,875
  • Aug 15, 2007 10:22pm Aug 15, 2007 10:22pm
hmmmmm a million dollars ??
  • #2,876
  • Aug 15, 2007 10:27pm Aug 15, 2007 10:27pm
Wow, take a glance at the other crosses. Kiwi/yen under 79 a minute ago, off 575 pips since noon today, off nearly 2000 pips in two weeks. GBP/JPY off >2000. Going to be some great entries for position trades if/when this settles down.
  • #2,877
  • Aug 15, 2007 10:33pm Aug 15, 2007 10:33pm
In this situation is very critical on entry when it retraces off the pivot..... If you get in on time you can then set a stop loss of 3 pips profit or even at 0..... Because you just don't know if it will retrace a little and then turn for the pivot it was going for or continue the retrace back where it came from....

With this type of entry you will either come out with a few pips or catch them all to the pivot....

Do not, and I repeat, do not attempt this on your life account until you are 100% right on with a demo.
The Dove - Forex Trainer
  • #2,878
  • Aug 15, 2007 10:36pm Aug 15, 2007 10:36pm
Like right now, I have a 3 pip profit stop loss and a limit to the R2
The Dove - Forex Trainer
  • #2,879
  • Aug 15, 2007 10:43pm Aug 15, 2007 10:43pm
If you are wondering where I got in at was during the retrace at 116.20 and my stop loss is at the 14.
The Dove - Forex Trainer
  • #2,880
  • Aug 15, 2007 10:47pm Aug 15, 2007 10:47pm
OK - I'm out with 3+ now lets see where it goes from here.
The Dove - Forex Trainer
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