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  • #4,961
  • Sep 10, 2007 6:32pm Sep 10, 2007 6:32pm
Quoting PolishTrader
I think we gonna witness so down movement - first target Daily Pivot at 113.42 (I know it might differ with yours).

What do you guys think ?
I think it will be just the opposite ...
  • #4,962
  • Sep 10, 2007 6:32pm Sep 10, 2007 6:32pm
Quoting freed14
GO here:
http://www.actionforex.com/forex_ana..._200603205734/
ALso coul dyou explain to me what the s123 and r123 and pp are.
[s] stands for support and [R] for resistance.

Somebody advised you to visit babypips.com and I also do this.It is a great lecture for beginners (but not only

Also look for Investopedia site and "University" section
  • #4,963
  • Sep 10, 2007 6:33pm Sep 10, 2007 6:33pm
First target reached - we actually moved 3 pips below Daily and touched Weekly Central which is 113.39
  • #4,964
  • Sep 10, 2007 6:40pm Sep 10, 2007 6:40pm
:-/ You guys are so funny. Guy comes here talking about Pivots and now USDJPY has turned into Dove's Strategy Thread.
  • #4,965
  • Sep 10, 2007 6:43pm Sep 10, 2007 6:43pm
Thanks Polish. Hopefully within the next few weeks I will be able to move past the amature questions. Thanks again. SO when its a support does that mean it will have trouble reaching these points or will it create more downwar/upward pressure once it cracks these points? Are these set due to buying or selling presence at these points?
  • #4,966
  • Sep 10, 2007 6:44pm Sep 10, 2007 6:44pm
Now, another 2 PIPS before the daily pivot. What's the pair gonna do? North or South? Trend says South.

What's ur advice? I'm waiting for the Tokyo market to open. See the trend from thereon.

TQ
  • #4,967
  • Sep 10, 2007 6:48pm Sep 10, 2007 6:48pm
Will be down as of the last candle.
  • #4,968
  • Sep 10, 2007 6:48pm Sep 10, 2007 6:48pm
Quoting freed14
Thanks Polish. Hopefully within the next few weeks I will be able to move past the amature questions. Thanks again. SO when its a support does that mean it will have trouble reaching these points or will it create more downwar/upward pressure once it cracks these points? Are these set due to buying or selling presence at these points?
Really,I can't explain you better than them :

http://www.babypips.com/school/pivot_points.html
  • #4,969
  • Sep 10, 2007 6:53pm Sep 10, 2007 6:53pm
YOu think trend down as of right now?
  • #4,970
  • Sep 10, 2007 6:59pm Sep 10, 2007 6:59pm
I think the slight increase is just a retrace but what do I know.
  • #4,971
  • Sep 10, 2007 7:00pm Sep 10, 2007 7:00pm
I would say that it is only retrace but don't take my words for granted.

I'm also the beginner
  • #4,972
  • Edited 8:00pm Sep 10, 2007 7:01pm | Edited 8:00pm
Quoting PolishTrader
hey chonchy,

1) WEEKLY CENTRAL PIVOT is SUNDAY 15:30 ET OPEN

2) DAILY CENTRAL PIVOT is 17 ET OPEN from Sunday to Friday

I also have ask for you - could you give me a HIGH,LOW of the previous week,CLOSE from FRIDAY and 15:30 ET OPEN of Sunday the 2nd ?

I believe you are using Accucharts and I believe they have the most accurate data.I need these numbers to calculate WEEKLY PIVOTS because nobody has done it so far
I hope this is right becouse I don't know if you are talking about the daily chart or the weekly, this are on the weekly shart the last week candle that closed on friday.
open=115.75
high=116.46
low=113.11
close113.49
The Chonchy
  • #4,973
  • Sep 10, 2007 7:06pm Sep 10, 2007 7:06pm
Quoting chonchy
I hope this is right becouse I don't know if you are talking about the daily chart or the weekly, this are on the weekly shart the last week candle that closed on fryday.
open=115.75
high=116.46
low=113.11
close113.49
I agree with OPEN and HIGH but my low is something around 112.75 and as for close I'm a little bit confused because Dove in his post about calculating Weekly pivots stated that his uses Sunday 15:30 OPEN as CLOSE ... and then later on he wrote he uses FRIDAY CLOSE
  • #4,974
  • Sep 10, 2007 7:16pm Sep 10, 2007 7:16pm
It seems that I was wrong and Weekly Central was the lowest point of this movement.

oh well - still need a better understand of some indicators

By the way we've got Daily Central at 113.70 (according to my chart)
  • #4,975
  • Sep 10, 2007 7:19pm Sep 10, 2007 7:19pm
Quoting PolishTrader
I agree with OPEN and HIGH but my low is something around 112.75 and as for close I'm a little bit confused because Dove in his post about calculating Weekly pivots stated that his uses Sunday 15:30 OPEN as CLOSE ... and then later on he wrote he uses FRIDAY CLOSE


Hi all, good night!


I have

R3 - 115,64
R2 - 114,82
R1 - 114,23

PP - 113,41
CP - 113,71 (Open at 17,00 h)

S1 - 112,82
S2 - 112,00
S3 - 111,41

Open 112,86,
High 114,00
Low 112,59
Close 113,54

For weekly PivotI have 114,03 (Open 112,86, High 116,46, Low 112,76, Low 112,87)

Here on weekly there are some diference on open, because my broker opens at 23 h of 09/09.

Chonchy at what time opens your broker? Make the correspondence at 15,30 ET
  • #4,976
  • Sep 10, 2007 7:24pm Sep 10, 2007 7:24pm
Quoting chonchy
I hope this is right becouse I don't know if you are talking about the daily chart or the weekly, this are on the weekly shart the last week candle that closed on fryday.
open=115.75
high=116.46
low=113.11
close113.49
Chonchy

To calculate weekly pivot you must take the value of open of this week and not the open of last week.

A question: How do you obtain that accurate charts? And how do you put on metatrader?

Thank you for answer
  • #4,977
  • Sep 10, 2007 7:26pm Sep 10, 2007 7:26pm
I think he uses Accucharts demo with FxSolutions and they open at 15:30 Sunday ET - that is why it is impossible to calculate Weekly Central if your broker opens at 17:00 ET Sunday (like mine)

On page 327 you will find post by Trader_07 who quated Dove's about calculating pivots.However,I have hard time with understanding the part of CLOSING of the week - I guess my English is not good enough

P.S

yeah sorry for that - I ask chonchy to give me the open of Sunday the 2nd.Of course it has to be OPEN of 9th 15:30ET
  • #4,978
  • Edited 7:35pm Sep 10, 2007 7:34pm | Edited 7:35pm
Quoting PolishTrader
I agree with OPEN and HIGH but my low is something around 112.75 and as for close I'm a little bit confused because Dove in his post about calculating Weekly pivots stated that his uses Sunday 15:30 OPEN as CLOSE ... and then later on he wrote he uses FRIDAY CLOSE
are the other pivots so important, I think to many pivots, make a spaguety bowl out of the screen, don't you think?
The Chonchy
  • #4,979
  • Sep 10, 2007 7:37pm Sep 10, 2007 7:37pm
Quoting PolishTrader
I think he uses Accucharts demo with FxSolutions and they open at 15:30 Sunday ET - that is why it is impossible to calculate Weekly Central if your broker opens at 17:00 ET Sunday (like mine)

On page 327 you will find post by Trader_07 who quated Dove's about calculating pivots.However,I have hard time with understanding the part of CLOSING of the week - I guess my English is not good enough

P.S

yeah sorry for that - I ask chonchy to give me the open of Sunday the 2nd.Of course it has to be OPEN of 9th 15:30ET
open of 9th on the dayly or weekly?
The Chonchy
  • #4,980
  • Sep 10, 2007 7:38pm Sep 10, 2007 7:38pm
I believe the trend still points downward after that retrace? What do you all think? Possibly approaching 120.75?
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