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  • #22,461
  • Aug 21, 2008 5:45pm Aug 21, 2008 5:45pm
Quoting 5ysfx
wlacz priv na chwile to moze sie jakos dogadamy.
i dodaj mnie do buddy list



sorry for this friends.
witam ponownie jest jakis problem, kiedy wysyłam Ci info na priva

i'm sorry too friends
  • #22,462
  • Aug 21, 2008 5:46pm Aug 21, 2008 5:46pm
Quoting magictrader
Also H&S formation, after pull back we can go higher to fill the formation. But now I'm trading short because of H1 candle and harmonic formation.
there are many systems leading to same clues.

But i cant handle with ur chart
Is this sideway h&s or some any other type ?
Could u explain it more
thx
  • #22,463
  • Aug 21, 2008 5:50pm Aug 21, 2008 5:50pm
Level of retreasment and Daily Pivot 1.4905

It is retracement in the English language anyway.
  • #22,464
  • Aug 21, 2008 5:53pm Aug 21, 2008 5:53pm
Quoting akirax
retrace/pullback in effect...not sure for how much.

1.4850 would be nice entry..
Caution
I still not sure about Daily pivot 1.4905, if it breaks .......North Way, ,,,,,,,,but I see you and SunTrade could be right.
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  • #22,465
  • Aug 21, 2008 5:53pm Aug 21, 2008 5:53pm
Quoting SunTrader
Level of retreasment and Daily Pivot 1.4905

It is retracement in the English language anyway.
i see u are boring a little with your sarcastic replies.
  • #22,466
  • Aug 21, 2008 5:58pm Aug 21, 2008 5:58pm
Quoting Subdude
As it happens, oil is already down half a buck in the time we've exchanged these posts. Can you provide the source of the 90% estimate you're giving? Europe is not the largest oil consumer (not even close), and Russia is not the largest world oil supplier. I completely understand your bullish bias given that you have a long position but it seems you have some wishful thinking to exorcise at the moment.

I am only trading what is on my charts NOTHING will move from point a to point be in a straight line. It has already surpassed my 1st target of 120.5 and I have moved my stop way up.

If we retrace to 38.2 (119.75) then I will admit the bull run is over as retracements only go to this level in strong up trends.

Futures markets are very light volume right now so a 50 cent move really means nothing on light volume .. maybe a few late day traders taking profit.

What the bull flag today enabled me to do is place fib extensions on the chart again in a 1-2-3 buy formation to give me targets all the way to 126 for now

There is a bearish divergence on the rsi that I have to watch out for, but if this is broken she could rip up another few bucks in no time. I have traded break outs of these divergences in the YM for 80 points in minutes.

I gave up looking and listening to news, The reason for this trade off the bottom was the commencement of the rounded bottom on the daily. A strong bullish technical pattern

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  • #22,467
  • Aug 21, 2008 6:02pm Aug 21, 2008 6:02pm
Quote:
Originally Posted by egkid http://www.forexfactory.com/images/buttons/viewpost.gif
Looks going up to ME, my eyes on 1.4809 weekly pivot
i'm long eur/usd ,gbp/usd short usd/jpy and all in profit :-)

Quoting acumen
That's what I like to hear.

I'd buy 20 lots right now.
Hope u did
PT1 1.50 - PT2 1.52
  • #22,468
  • Aug 21, 2008 6:03pm Aug 21, 2008 6:03pm
Quoting Algirdas
Caution
I still not sure about Daily pivot 1.4905, if it breaks .......North Way, ,,,,,,,,but I see you and SunTrade could be right.
I been using this for pivot.
http://www.actionforex.com/technical...-200603205734/

it says 1.4844 Daily Pivot.
  • #22,469
  • Aug 21, 2008 6:07pm Aug 21, 2008 6:07pm
Quoting akirax
I been using this for pivot.
http://www.actionforex.com/technical...-200603205734/

it says 1.4844 Daily Pivot.
14844 ? there nothing there

im aiming lower .14810-20 if will break 4860
buy ordere from 20 to 90 in 7 pips step
  • #22,470
  • Aug 21, 2008 6:10pm Aug 21, 2008 6:10pm
http://www.thelfb-forex.com/content....#Dollar_Aug_21


Snippet:

Dollar Index: After a week of jawboning from Federal Reserve officials, with lines that range from “all is as good as can be expected”, “we are maintaining a vigilant stance on inflation”, “growth may not come until deep into 2009”, “commodity inflation may abate” to “we may need an earlier increase in rates than many thought”, the markets are left with the facts in place that the FOMC members have actually no idea at all as to whether an interest rate will be forthcoming. As such it has lead to a heavy reduction by the market in the rate at which the Fed Fund futures contracts are being bought for a 2008/2009 increase. The market participants had the dollar rally of the perfect storm in August, where oil and gold dropped, Treasury notes dropped, and equities had their hot-air rally. The sobering thought now is that the hot air just does not cut it, the U.S. must show growth if it is be able to support dollar valuations.
The equity markets look weak, Treasury notes are gaining in value, and oil and gold are moving back higher; the perfect storm just got reversed, and the dollar may just pay back the ground that it stole over the last five weeks. The Federal Reserve bash at Jackson Hole, Wyoming, has drawn together the world’s financial elite, and on Friday the chairman of the Federal Reserve, Mr Bernanke, will issue his 10:00 EDT speech in which no doubt the market will hear all about the plans that are laid, the question may however be asked as to whether the plans can become reality; the market has been suckered twice this year with statements that did not follow through, and had two embarrassing u-turns from the head of the Fed. It is time to walk, not talk, on economic valuations, and therefore to get a realistic view on why the dollar will now hold a major valuation point.
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  • #22,471
  • Aug 21, 2008 6:12pm Aug 21, 2008 6:12pm
Trade for the night -

I will be looking to get short into the 1.4950 zone with stops at around 1.5010. T/P 1/2 position once realized gains are equal to risk taken (in this case 50~ pips) and then move your stop to cost. Hopefully finishing your remaining half at 1.4850.

GL all.
Pippin ain't easy, but it sho is fun!
  • #22,472
  • Aug 21, 2008 6:15pm Aug 21, 2008 6:15pm
Quoting Warren Forex
http://www.thelfb-forex.com/content....#Dollar_Aug_21


Snippet:

Dollar Index: After a week of jawboning from Federal Reserve officials, with lines that range from “all is as good as can be expected”, “we are maintaining a vigilant stance on inflation”, “growth may not come until deep into 2009”, “commodity inflation may abate” to “we may need an earlier increase in rates than many thought”, the markets are left with the facts in place that the FOMC members have actually no idea at all as to whether an interest rate will be forthcoming. As such it has lead to a heavy reduction by the market in the rate at which the Fed Fund futures contracts are being bought for a 2008/2009 increase. The market participants had the dollar rally of the perfect storm in August, where oil and gold dropped, Treasury notes dropped, and equities had their hot-air rally. The sobering thought now is that the hot air just does not cut it, the U.S. must show growth if it is be able to support dollar valuations.
The equity markets look weak, Treasury notes are gaining in value, and oil and gold are moving back higher; the perfect storm just got reversed, and the dollar may just pay back the ground that it stole over the last five weeks. The Federal Reserve bash at Jackson Hole, Wyoming, has drawn together the world’s financial elite, and on Friday the chairman of the Federal Reserve, Mr Bernanke, will issue his 10:00 EDT speech in which no doubt the market will hear all about the plans that are laid, the question may however be asked as to whether the plans can become reality; the market has been suckered twice this year with statements that did not follow through, and had two embarrassing u-turns from the head of the Fed. It is time to walk, not talk, on economic valuations, and therefore to get a realistic view on why the dollar will now hold a major valuation point.
Will be interesting to see how much (if any), the Fed will talk up inflation at this meeting.
Pippin ain't easy, but it sho is fun!
  • #22,473
  • Aug 21, 2008 6:18pm Aug 21, 2008 6:18pm
Quoting 5ysfx
i see u are boring a little with your sarcastic replies.
Since when is pointing out an obvious spelling mistake posted multiple times being sarcastic.

I would appreciate someone correcting me, whether or not it was my first language or not.

So wag your finger elsewhere if you don't mind.
  • #22,474
  • Aug 21, 2008 6:19pm Aug 21, 2008 6:19pm
Quoting Algirdas
Caution
I still not sure about Daily pivot 1.4905, if it breaks .......North Way, ,,,,,,,,but I see you and SunTrade could be right.
That is not the pivot point I watch. I use a formula from Tom DeMark.
  • #22,475
  • Aug 21, 2008 6:27pm Aug 21, 2008 6:27pm
Quoting SunTrader
Since when is pointing out an obvious spelling mistake posted multiple times being sarcastic.

I would appreciate someone correcting me, whether or not it was my first language or not.

So wag your finger elsewhere if you don't mind.
I see ur in bussines a lot of time.
So now i understand from where such behaviour comes.

Now i know u better.
thx for that

over and out
  • #22,476
  • Aug 21, 2008 6:28pm Aug 21, 2008 6:28pm
Quoting SunTrader
That is not the pivot point I watch. I use a formula from Tom DeMark.

What time do you use for cut off for pivot points to be calculated ?

even 1 hour difference between platforms will give you a different reading

can someone please help me on this one as I am a fib trader and do not typically use pivots , but see them mentioned alot
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  • #22,477
  • Aug 21, 2008 6:29pm Aug 21, 2008 6:29pm
Quoting akirax
I been using this for pivot.
http://www.actionforex.com/technical...-200603205734/

it says 1.4844 Daily Pivot.
I agree that you have the correct daily pivot. This area is also close to the 38.2 retrace fib from the most recent run up. The confluence helps make it a respectable target, if you're expecting a retrace (IMHO).

  • #22,478
  • Aug 21, 2008 6:37pm Aug 21, 2008 6:37pm
Quoting malcolmb14
What time do you use for cut off for pivot points to be calculated ?

even 1 hour difference between platforms will give you a different reading

can someone please help me on this one as I am a fib trader and do not typically use pivots , but see them mentioned alot
I use 500pm est since this represents one complete 24 hour cycle from the start of trading in the Far East.

The levels I have for Fridays trading are:

R3 1.5158
R2 1.5030
R1 1.4986
PP 1.4859
S1 1.4814
S2 1.4687
S3 1.4643

But regardless of whether you use the standard pivot calculation (H+L+C)/3 or any other method, you have to learn the proper way to use them and not just blindly buy/sell because it is at this or that spot.
  • #22,479
  • Aug 21, 2008 6:39pm Aug 21, 2008 6:39pm
Quoting 5ysfx
I see ur in bussines a lot of time.
So now i understand from where such behaviour comes.

Now i know u better.
thx for that

over and out
Ok.
  • #22,480
  • Edited 8:22pm Aug 21, 2008 6:41pm | Edited 8:22pm
It's nothing perfect in FOREX, but in a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.
You can toalk about one North and other one South
Differant time frames have differant pivots
It can be Standart, Fibonaaci, Camarilla , Woodie's, DeMark's and OHLC

In few words, it looks big mes, so we have topic for discution.
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