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  • #4,221
  • Aug 26, 2007 10:10pm Aug 26, 2007 10:10pm
Anyone buying on this test of the daily pivot?

Some nice action on kiwi this evening, respecting its pivots to a T.
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  • #4,222
  • Aug 26, 2007 10:11pm Aug 26, 2007 10:11pm
If this gets below the daily then I will be out until tomorrow some time..... This is one of the reasons I do not trade much on Sundays..... There are to many pivots to play with plus this has already retraced 55 pips and can go as much as 100 pips..... not saying it will but it could..... Until a brake out happens, then all you doing is guessing.....
The Dove - Forex Trainer
  • #4,223
  • Aug 26, 2007 10:16pm Aug 26, 2007 10:16pm
So you would know, the target is still 117.75...... Huh, it will get there eventually.
The Dove - Forex Trainer
  • #4,224
  • Aug 26, 2007 10:20pm Aug 26, 2007 10:20pm
the target is 117.75 IF; it stays above the daily..... Otherwise it is fun time between the daily and the weekly.
The Dove - Forex Trainer
  • #4,225
  • Aug 26, 2007 10:24pm Aug 26, 2007 10:24pm
It started its move up and was stopped by the 38.2 fibo at the 116.37..... So be aware of that wall.....
The Dove - Forex Trainer
  • #4,226
  • Aug 26, 2007 10:35pm Aug 26, 2007 10:35pm
Quoting dove_alliance
It started its move up and was stopped by the 38.2 fibo at the 116.37
38.2 fibo from what high?
  • #4,227
  • Aug 26, 2007 10:40pm Aug 26, 2007 10:40pm
For you new traders to understand my position on retraces is this:

Under no circumstances do I get into a retrace with this type of pivots that are so close together.... The reason is because you never know how far it will retrace..... It could be 15 or 20 pips or it could 100...... You just don't know. There has been 3 attempts on the turns BUT, my indicators has not cross for the completion of the retrace..... So I will continue to wait until that happens. I rather get the pips in the trend and chance of getting caught.
The Dove - Forex Trainer
  • #4,228
  • Aug 26, 2007 10:43pm Aug 26, 2007 10:43pm
Quoting Trader KGB
38.2 fibo from what high?
124.12 high - 111.59 low....... Actually it is 116.38...... I reset and it was 1 pip off.
The Dove - Forex Trainer
  • #4,229
  • Aug 26, 2007 10:46pm Aug 26, 2007 10:46pm
how do you determine the completion of a retrace?
  • #4,230
  • Aug 26, 2007 10:49pm Aug 26, 2007 10:49pm
Quoting invicta79
how do you determine the completion of a retrace?
I have two MA's that crosses at each turn around...... The crossing has not happened yet.
The Dove - Forex Trainer
  • #4,231
  • Aug 26, 2007 10:51pm Aug 26, 2007 10:51pm
This is doing its best to change the trend.... if it gets below the daily then the trend will change some time during the morning hours.
The Dove - Forex Trainer
  • #4,232
  • Aug 26, 2007 11:02pm Aug 26, 2007 11:02pm
Right now it is bouncing between the 25 and the daily. If this continues then it will fall back into the trend...... Just have to be patient and see what happens.
The Dove - Forex Trainer
  • #4,233
  • Aug 26, 2007 11:12pm Aug 26, 2007 11:12pm
what MA's do you use to determine the turn.. and also, which timeframe?
  • #4,234
  • Aug 26, 2007 11:16pm Aug 26, 2007 11:16pm
Quoting invicta79
what MA's do you use to determine the turn.. and also, which timeframe?
The indicators I have will not work for you...... The charts I use are not to be found anywhere..... So I will not give out something that will put you in jeopardy.
The Dove - Forex Trainer
  • #4,235
  • Aug 27, 2007 12:10am Aug 27, 2007 12:10am
just noticed on the 15min chart that it hit 116.14 mark 4 times.. but wasn't able to penetrate... phewww .. locked some pips now... !!
  • #4,236
  • Aug 27, 2007 12:32am Aug 27, 2007 12:32am
Quoting invicta79
just noticed on the 15min chart that it hit 116.14 mark 4 times.. but wasn't able to penetrate... phewww .. locked some pips now... !!

what price did you enter at?
  • #4,237
  • Aug 27, 2007 12:34am Aug 27, 2007 12:34am
Lol man I made a very bad trade early today by going long. I need some advice, do you guys think I should enter another long because of this pivot level???
"Don't work for your money, but let money work for you."
  • #4,238
  • Aug 27, 2007 12:45am Aug 27, 2007 12:45am
Quoting chady250
Lol man I made a very bad trade early today by going long. I need some advice, do you guys think I should enter another long because of this pivot level???
Where you get in at going long?
The Dove - Forex Trainer
  • #4,239
  • Aug 27, 2007 12:58am Aug 27, 2007 12:58am
Quoting dove_alliance
Where you get in at going long?
dove are you long too?
i'm tp@ 41 ...... do you feel it's get to R1?
  • #4,240
  • Aug 27, 2007 1:06am Aug 27, 2007 1:06am
Quoting dove_alliance
Where you get in at going long?
I got in long at 116.70. Im still unsure whether to double down on it right now, what do you think???
"Don't work for your money, but let money work for you."
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