DislikedIt based on a pretty set formula, although there may be some alternative versions I'm sure.
Resistance Level 3 = R3 = R2 + YestHigh - YestLow
Resistance Level 2 = R2 = PP + YestHigh - YestLow
Resistance Level 1 = R1 = PP * 2 - YestLow
PivotPoint = PP = ( YestHigh + YestLow + YestClose ) / 3
Support Level 1 = S1 = PP * 2 - YestHigh
Support Level 2 = S2 = PP - YestHigh + YestLow
Support Level 3 = S3 = S2 - YestHigh + YestLow
I'm using a built-in indicator in Tradestation called "Floor Trader Pivots" You can do a Google search on "trade pivots" and find many resources.
http://www.investopedia.com/articles.../04/041404.aspIgnored
- #37,683
- Oct 7, 2008 5:46pm Oct 7, 2008 5:46pm
- Joined Nov 2005 | Status: EURUSD Quant FREAK | 3,197 Posts
Hi.
Yeah, I can't tell if you are being sarcastic either. The "armchair musings" are more than just trolling.... I have a vested financial interest in the EURUSD's behavior..... my hope is that the ATR goes back to normal.... we are seeing volatility that hasn't been matched since 1995.
Yeah, I can't tell if you are being sarcastic either. The "armchair musings" are more than just trolling.... I have a vested financial interest in the EURUSD's behavior..... my hope is that the ATR goes back to normal.... we are seeing volatility that hasn't been matched since 1995.
Ha! Coming from you, that sounds like a trick question. As you are likely one of the more capable "trader extraordinaires" on FF imo, you'll understand my skepticism that you need any input from this crowd.
- #37,685
- Oct 7, 2008 5:53pm Oct 7, 2008 5:53pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
i think we are going to see a breakout soon. within the longer term downwards channel (whose upper wall was extended today as pippilot pointed out) there seems to be a triangle now very near completion. i listed breakout points also using fibs....61.8%(1.3556) retracement being the last support before a downmove...upside is a break of 1.3680 or so
Different opinions highly valued, ignorant to slander.
- #37,689
- Oct 7, 2008 6:07pm Oct 7, 2008 6:07pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #37,690
- Oct 7, 2008 6:11pm Oct 7, 2008 6:11pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
- #37,693
- Oct 7, 2008 6:14pm Oct 7, 2008 6:14pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Psi-You are a true analyst ready to execute on either way the market moves...I like that.
Different opinions highly valued, ignorant to slander.
- #37,694
- Oct 7, 2008 6:14pm Oct 7, 2008 6:14pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Hi. Yeah, I can't tell if you are being sarcastic either. The "armchair musings" are more than just trolling...
I'm glad I caught your reply sooner rather than later, as I'm elsewhere much of time. This thread would only would be the better for your thoughts, imo.
FUBAR...
- #37,697
- Oct 7, 2008 6:18pm Oct 7, 2008 6:18pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #37,700
- Oct 7, 2008 6:22pm Oct 7, 2008 6:22pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
well i am currently long at 1.3570...take profit at 1.3620 and 40pip stop loss...lets see where it goes...
...debate is not for another hour and 40minutes
Edit: as i always say...DO NOT follow my decisions blindly...especially when the trend is DOWN
...debate is not for another hour and 40minutesEdit: as i always say...DO NOT follow my decisions blindly...especially when the trend is DOWN
Different opinions highly valued, ignorant to slander.