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  • #45,681
  • Nov 16, 2008 7:04pm Nov 16, 2008 7:04pm
Quoting dwildes
Anyone who left their short over the weekend - you are a gutsy guy, but being heavily rewarded now!
Not all sins are created equal
  • #45,682
  • Nov 16, 2008 7:09pm Nov 16, 2008 7:09pm
Quoting eddiemiller
Is the Ru+*pled1 banned on here or something?
Seems the only place he isn't is on his buddies place kre...com. Anyone can google to find the www if you are not aware of the full web address.
  • #45,683
  • Nov 16, 2008 7:43pm Nov 16, 2008 7:43pm
Quoting eddiemiller
Is the Ru+*pled1 banned on here or something?
He's over on Michal Kreslik's site.
  • #45,684
  • Nov 16, 2008 8:13pm Nov 16, 2008 8:13pm
Quoting sentinel
but having a little problem here tonight.... would anyone be so kind to post today's / night's daily pivot and S and R's?

Having some issues this evening, and any help from out there would be appreciated.

Good pips to all today!

Sentinel
What start time or market do you want the pivot points in?

I have weekly at 1.2614
  • #45,685
  • Nov 16, 2008 8:19pm Nov 16, 2008 8:19pm
Quoting ak4x
hazarding a couple small shorts...
that didn't quite work out. 30% off near the turn back up (a'rd 30-40 pips) and let it take me out at + 5. not really enough power or direction here for me. it may well go on to close the gap. GY just closed the gap as I type and re-entered there at 43.86. If that does it for GY we may see ej stall as well at the 122.60-80ish level.

If not, then it should drag things along giving the longs a boost for a bit.
A couple of re-entry shorts on GY/EJ being paid for by existing shorts well into profit so there's no real risk, just erosion of existing profits.

I'm done trading tonite with fresh entries at these levels... just a little too vague and fickle for me, and entering in the middle of the range on a sunday nite is not my thing, so these trades either make it or they don't. Back for NY.

Note: Bemac288 on 15m chart is current price of 2590... I always enjoy watching that one.
FUBAR...
  • #45,686
  • Edited 8:37pm Nov 16, 2008 8:26pm | Edited 8:37pm
Quoting sentinel
but having a little problem here tonight.... would anyone be so kind to post today's / night's daily pivot and S and R's?
I have all but quit using pivots on the sunday nite open lately when it gaps so much. I'm just losing confidence in them (Sunday nite gaps ONLY) and it's getting to tedious to figure them for questionable return in value... so can't help you tonite. NOTE: I use Sunday close with Friday HL for my Sunday pivots and that's why i'm having issues when there's a big gap

In addition FXSolutions changed their open time to 5:15 PM (CST) and that extra quarter hour throws things off as well. That's just me tho and I'm a pivot groupie big time, so make sure you get pivots you can have confidence in or they wind up being just a line on a chart...
FUBAR...
  • #45,687
  • Nov 16, 2008 8:31pm Nov 16, 2008 8:31pm
The power of the 60LWMA on 15M, over 15M I use the 60 EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: 60lwma.gif Size: 12 KB
  • #45,688
  • Nov 16, 2008 8:32pm Nov 16, 2008 8:32pm
Quoting sentinel
would anyone be so kind to post today's / night's daily pivot and S and R's?
I have the following on my charts:

FIBONACCI PIVOTS FOR TODAY NOVEMBER 17, 2008 (indicator)

R3 1.29259
R2 1.28275
R1 1.27667
PIVOT 1.26679
S1 1.25699
S2 1.25091
S3 1.24107

Normal Pivots (also indicator)

R3 1.30217
R2 1.29259
R1 1.27641
PIVOT 1.26683
S1 1.25065
S2 1.24107
S3 1.22489

In any case you can also check this page for more pivots in several TFs:
http://www.actionforex.com/technical...-200603205734/
Save it to your favourites and no matter what happens you'll have them handy

And if you use MT4 please find attached the above mentioned indicators.
(NSC is for No-Sunday-Candle).
Attached File(s)
File Type: mq4 PivotsSimpleNSC.mq4   6 KB | 313 downloads
File Type: mq4 Fibonacci Pivots.mq4   5 KB | 377 downloads
  • #45,689
  • Nov 16, 2008 8:41pm Nov 16, 2008 8:41pm
to all for the info.

I have switched to Ensign for their range bars, hence my issue. Havent been able to find a pivot indicator for this platform yet.

But thanks again!
  • #45,690
  • Nov 16, 2008 8:50pm Nov 16, 2008 8:50pm
Quoting PipPilot
He's over on Michal Kreslik's site.
Thanks. I enjoy stuff like that.
  • #45,691
  • Nov 16, 2008 9:14pm Nov 16, 2008 9:14pm
Quoting cobraforex
The power of the 60LWMA on 15M, over 15M I use the 60 EMA.
My observation has been that the 60LWMA gets alot of respect on lower TF's.
  • #45,692
  • Nov 16, 2008 9:17pm Nov 16, 2008 9:17pm
Quoting traderathome
Is there any way to "turn off" the feature that places your orders and your positions on the charts? Sometimes these lines interfere with showing a clear chart when trying to illustrate something, and it would be nice to be able to remove them.

Can this be done? Does any user of MetaTrader4 know how to do it?
It is simple to remove your trade levels from the charts. And this is very helpful in posting charts as clean from unnecessary lines as possible.

In MT4, click on "Tools" in the banner above the chart. From there, select "Options" in the drop down menu. When the Options window appears, select the "Charts" file tab. On that file page, UNCHECK the "Show trade levels" selection. That is all there is to it.....simple!

It was quite a while ago I posted the question...Oct. 9, 2008. Since no one had this simple answer in response in all this time, there must be a lot of people that will be happy to be enlightened by this discovery!

Enjoy, all!
  • #45,693
  • Nov 16, 2008 9:33pm Nov 16, 2008 9:33pm
This is an excerpt from a weekly borker letter from FxSolutions. I don't normally read these things, but this one caught my eye and I found it an elegant explanation for last weeks weird moves, as it's almost exactly the way i have traded for some time now (except for the counter trend longs). I wouldn't normally cut and paste stuff like this, but I know of no other way to get it on the thread as there's no link for the whole thing.

It was an excellent article overall, with a dynamite last paragraph. I guess one can debate it or trade it. I been tradin it...

The Unnatural Dollar and the Carry Trade

"There is something slightly askew with a market that rallies the dollar on bad American economic news and sells the greenback on positive US developments. But such has often been the case since the dollar began its long climb to respectability back in July. This inverse relationship was particularly evident on Thursday and Friday with the US equities averages.

On Thursday the Dow completed a historic reversal closing up 552.59 points after being down over 300. As the Dow climbed in the last three hours of trading the dollar fell against the euro from 1.2520 to 1.2854, the turn being exactly coincident with the return of the Dow from its low. The pattern reversed on Friday as the Dow lost 400 points in the last hour of trading and the dollar gained almost 200 points as the euro fell from 1.2797 to close at 1.2603.

The mediating trade for both dollar moves was the yen crosses, the carry trade.

Markets can develop standard trading responses that, while they may be dubious in any economic cause and effect relationship, are tried and true ways of making trading profits. The supposed risk aversion and risk acceptance in the yen crosses is now such a standardized reaction. It does not represent any economic reality. But as a well understood signal for trading, it makes eminent sense for the simple reason that it works and until it changes it will continue to operate. That is why the dollar sank as the Dow rose and gained as the Dow fell. The dollar moves had nothing to do with economic perceptions of the United States economy. The dollar was a simple afterthought to the trading in the yen crosses"
Joseph Trevisani
FX Solutions, LLC
Chief Market Analyst[email protected]
FUBAR...
  • #45,694
  • Nov 16, 2008 9:40pm Nov 16, 2008 9:40pm
Quoting traderathome
Since no one had this simple answer in response in all this time, there must be a lot of people that will be happy to be enlightened by this discovery!

Enjoy, all!
Thanks, I sure am
  • #45,695
  • Nov 16, 2008 10:01pm Nov 16, 2008 10:01pm
Quoting ak4x
This is an excerpt from a weekly borker letter from FxSolutions. I don't normally read these things, but this one caught my eye and I found it an elegant explanation for last weeks weird moves, as it's almost exactly the way i have traded for some time now (except for the counter trend longs). I wouldn't normally cut and paste stuff like this, but I know of no other way to get it on the thread as there's no link for the whole thing.

It was an excellent article overall, with a dynamite last paragraph. I guess one can debate it or trade it. I been...
As a long time client of FX Solutions, I also receive those weekly e-mails. Joe always adds to my understanding of fundamental and technical movements in the forex market. Having scratched my head for weeks now on the correlation of the DOW and this currency pair (E/U), (and profited nicely from it, I might add); I to came to the same conclusion of: don't ask why; follow it and make pips. Thursdays close and Fridays close were one of those times that I just threw out my trading system, put on a few lots; rode the wave, at 50 pips increments scaled out until just at close and closed my postions completely. I don't make rhyme or reason from it; but I did make some phenomenal pips out of it.

SeerEye -

btw - be careful out there; it's ugly and brutal
Pip what you see; See what you pip!
  • #45,696
  • Nov 16, 2008 10:04pm Nov 16, 2008 10:04pm
Quoting ak4x
...entering in the middle of the range on a sunday nite is not my thing, so these trades either make it or they don't.
well those all worked out well, second time was the charm.
FUBAR...
  • #45,697
  • Nov 16, 2008 10:12pm Nov 16, 2008 10:12pm
Quoting traderathome
... there must be a lot of people that will be happy to be enlightened by this discovery! Enjoy, all!

amazing how there's always something to discover in front of our noses the whole time...

that's two for me this week. the other one was the absolute no brainer way to reload the string in a double string weed whacker w/o takin the doohickey apart and all the drama and *(^%)#$% that goes with that little operation.
FUBAR...
  • #45,698
  • Nov 16, 2008 10:34pm Nov 16, 2008 10:34pm
Quoting doblece
I have the following on my charts:

FIBONACCI PIVOTS FOR TODAY NOVEMBER 17, 2008 (indicator)

R3 1.29259
R2 1.28275
R1 1.27667
PIVOT 1.26679
S1 1.25699
S2 1.25091
S3 1.24107

Normal Pivots (also indicator)

R3 1.30217
R2 1.29259
R1 1.27641
PIVOT 1.26683
S1 1.25065
S2 1.24107
S3 1.22489

In any case you can also check this page for more pivots in several TFs:
http://www.actionforex.com/technical...-200603205734/
Save it to your favourites and no matter what happens you'll have...
Fibonacci levels (pivots) based solely on the prior day HLC data, are remarkably accurate predictors of areas where price may pause & run, or stop & reverse.

The indicator attached, based on code from the acknowledged sources, I have enhanced. The user can select individual line colors, style of lines, thickness of solid lines, color of labels, font size, bold font, and adjustment of labels left & right on the chart. The user can also select to show the prior day OHLC data (off by default). If selected it appears on the line directly below the data for the current day, and in the same format. For use on high timeframe charts, such as the Monthly, Weekly, and Daily the user can select to change the data base from the previous day data to the previous week data. Two additional levels are included.

I call this enhanced version FibLevels.mq4....enjoy!
Attached File(s)
File Type: mq4 FibLevels.mq4   8 KB | 418 downloads
  • #45,699
  • Nov 16, 2008 10:57pm Nov 16, 2008 10:57pm
Not sure this posted correctly so reposting it:

Fibonacci levels (pivots) based solely on the prior day HLC data, are remarkably accurate predictors of areas where price may pause & run,or stop & reverse.

This indicator, based on code from the acknowledged sources, I have enhanced. The user can now select individual line colors, style of lines, thickness of solid lines, color of labels, font size, bold font, and adjustment of labels left & right on the chart. The user can also select to show the prior day OHLC data (off by default). If selected it appears on the line directly below the data for the current day, and in the same format. For use on high timeframe charts, such as the Monthly, Weekly, and Daily the user can select to change the data base from the previous day data to the previous week data. Two additional levels are included.

This enhanced version is FibLevels.mq4
Attached File(s)
File Type: mq4 FibLevels.mq4   8 KB | 412 downloads
  • #45,700
  • Nov 16, 2008 11:42pm Nov 16, 2008 11:42pm
Quoting psiholog
judging current price action psychology it is apparent to me this gap down was a continuation of the panic selling on friday. now that the market opened where it did...it didnt go much lower...in other words i dont "feel" there is strength behind a sustained downwards move...instead a fill the gap is alot more logical to me at least to see whether market makers feel more comfortable at fridays close price. of course i could be wrong but thats what stop loss is for

i just opened my long...100pip stop loss no questions asked...lets see now...
I am 22 years old. I used to go to college until the end of last year. Psychology was my major..it is who i am it is what i do. After a while of psychology class after psychology class and barely pulling off C's i came to the conclusion....school is shit. to learn psychology you cannot read some book. you cannot learn the history of who freud is or what he did or bandera or whoever else is remembered in history. they themselves did not go to school for what they know. they experienced it. they lived it. they honed their skill through day after day of practice. when they saw they were wrong they were enlightened...it was quite a revelation and smiled and so continued to hone their craft.

I was introduced to forex in august of last year at a forex expo in las vegas. All this "buy this program" ..."buy that book" ...."check out this indicator"...blah blah blah. It too was worthless. Then i sat down and started watching price action for hours on end...all night while i could (still went to school then and had a job)...earlier this year i gave up on all but forex. And so i continue to watch price action..no indicators no knowledge more then what i already know. Doing so i have mastered the art of reading through candlesticks and patterns...figuring out supports and resistances...just like many people can clearly do...throw in their indicators..bam ...expert strategy. However...I had a revelation recently.

Watching pa so much it is not the candlesticks themselves that matter...it is not the supports or resistances themselves that matter...it is not the pivot or the he said this or they said that. It is the psychology behind the move...not why it was done but how it was done...was it decisive..was it panicky...was it full of fear or greed...was it a trap...was it justisified....was it right.

This skill cannot be taught...it cannot be explained...it is a human emotion that most do not feel. That is why most fail. That is why only a few see the truth behind price action and benefit while the rest are scratching their heads in confusion. Call it a sixth sense or a feel for the markets and pa...it is what makes the difference between greatness and mediocrity.

The whole point of this message?...other then being quite drunk i am suggesting to all who care. Forget about the no emotions taboo that is so strongly advised by most experts. it is nonsense. emotion is very much part of the game..whether its fear or greed or this extra sense. just know fully to make the distinction of which to apply at the correct time...if fear overrides all others..close your positions...if greed overrides all others...downsize your position...if your extra sense or "gut feeling" says something...place stop loss accordingly. forget the taboo
Different opinions highly valued, ignorant to slander.
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