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  • #49,381
  • Dec 10, 2008 4:08pm Dec 10, 2008 4:08pm
Pivots for today from 5pm
Attached Images
FUBAR...
  • #49,382
  • Dec 10, 2008 4:15pm Dec 10, 2008 4:15pm
Quoting ak4x
Pivots for today from 5pm
Hello AK4X. I've always wondered but don't think I've asked. What is the difference on your chart between "Central" and "PP"? If this has already been answered a long time ago, please excuse me - BUT TELL ME ANYWAY.

Thanks.
Up or down, gimme a ticket
  • #49,383
  • Dec 10, 2008 4:21pm Dec 10, 2008 4:21pm
Looks like same as 25 November, I use blue shadow on that date and today.
Is it double top?
Attached Image (click to enlarge)
Click to Enlarge Name: 25 novmber.gif Size: 37 KB
  • #49,384
  • Dec 10, 2008 4:28pm Dec 10, 2008 4:28pm
uj just gast me another 24 pips ..looking for another entry..9057 tp 9085 sl 9000
those who can, do. those who cant, talk about those who can
  • #49,385
  • Dec 10, 2008 4:31pm Dec 10, 2008 4:31pm
Quoting egkid
Looks like same as 25 November, I use blue shadow on that date and today.
Is it double top?
Sure looks like it, doesn't it? Add to that, EU is only down 10% for the year, while GU and AU are both off 25%. All the more reason to short.
  • #49,386
  • Dec 10, 2008 4:34pm Dec 10, 2008 4:34pm
Quoting egkid
Looks like same as 25 November, I use blue shadow on that date and today.
Is it double top?
not yet...
but clean your charts
  • #49,387
  • Dec 10, 2008 4:35pm Dec 10, 2008 4:35pm
Quoting SpecialEd
Hello AK4X. I've always wondered but don't think I've asked. What is the difference on your chart between "Central" and "PP"? If this has already been answered a long time ago, please excuse me - BUT TELL ME ANYWAY.

Thanks.
central is the price at the close of the day.
pivot point is the average calculated pivot.
  • #49,388
  • Dec 10, 2008 4:38pm Dec 10, 2008 4:38pm
took a lot longer to grind to this top, and time means everything.

Tomorrow when there is a monster white candle, we can share a drink
  • #49,389
  • Dec 10, 2008 4:42pm Dec 10, 2008 4:42pm
Quoting emda
not yet...
but clean your charts
LOLOL
  • #49,390
  • Dec 10, 2008 4:43pm Dec 10, 2008 4:43pm
Quoting SpecialEd
I've always wondered but don't think I've asked. What is the difference on your chart between "Central" and "PP"
You're already pre-excused on a permanent basis there shortbus..

Sorry... Central pivot or CP is simply the opening price at 5pm.

When the range between the CP and the Daily Pivot ((either DP or PP)) or any of the other usual pivots is great enough, it often works just like a regular pivot, especially in relatively slow ranging action like recently.

The greater the range, the greater the effect. When price opens right at or very near to any of the other plotted pivots, it is irrelevant and redundant. I don't worry about it at that point. It can be a little ambiguous at times but price will tell you what it's respecting very quickly.

When used in combination with the QP's or Quarter Points, you''ll have another tool to play this ranging action with... especialy what used to be the "typical" asian session.

ADD: Tonite on EU, the Central is essentially the same as the QP for that zone. I will look for it to exert ALOT of influence on PA as long as price remains in this zone between the DP and M3.
FUBAR...
  • #49,391
  • Dec 10, 2008 4:47pm Dec 10, 2008 4:47pm
Quoting gatorinla
uj just gast me another 24 pips ..
so gator... is that a good thing??? i mean...
FUBAR...
  • #49,392
  • Dec 10, 2008 4:49pm Dec 10, 2008 4:49pm
Quoting emda
central is the price at the close of the day.
pivot point is the average calculated pivot.
Thanks Emda.
Up or down, gimme a ticket
  • #49,393
  • Dec 10, 2008 4:50pm Dec 10, 2008 4:50pm
if we don't hit the pivot before, I'll short at 1.3045 to the pivot.
stop 25 pips
chances to hit pivot are very good... it's 1.3000 round number.
  • #49,394
  • Dec 10, 2008 4:51pm Dec 10, 2008 4:51pm
Quoting ak4x
You're already pre-excused on a permanent basis there shortbus..

Sorry... Central pivot or CP is simply the opening price at 5pm.

When the range between the CP and the Daily Pivot ((either DP or PP)) or any of the other usual pivots is great enough, it often works just like a regular pivot, especially in relatively slow ranging action like recently.

The greater the range, the greater the effect. When price opens right at or very near to any of the other plotted pivots, it is irrelevant and redundant. I don't worry about it at that...
Thanks for that explanation, as always. So, I'm kind of preparing for the effects of the "central" when I draw fibs from daily open to yesterday's high, and from daily open to yesterday's low, right?

Add: That said, am I wrong in assuming that not many fibs have been respected over the past few days? For example, I usually plot yesterday, 3-day, this week, last week, last month, but they really haven't helped lately. Am I wasting my time with these or is do you think this time period is just an anomaly?
Up or down, gimme a ticket
  • #49,395
  • Dec 10, 2008 4:52pm Dec 10, 2008 4:52pm
Quoting ak4x
so gator... is that a good thing??? i mean...
i cant type man... how do you like my money managment? 90.00
those who can, do. those who cant, talk about those who can
  • #49,396
  • Dec 10, 2008 4:56pm Dec 10, 2008 4:56pm
Tonite on EU, the Central is essentially the same as the QP for that zone. I'llll look for it to exert ALOT of influence on PA as long as price remains in this zone between the DP and M3.

QP's are in aqua
Attached Image
FUBAR...
  • #49,397
  • Dec 10, 2008 4:58pm Dec 10, 2008 4:58pm
Quoting SpecialEd
Thanks for that explanation, as always. So, I'm kind of preparing for the effects of the "central" when I draw fibs from daily open to yesterday's high, and from daily open to yesterday's low, right?

Add: That said, am I wrong in assuming that not many fibs have been respected over the past few days? For example, I usually plot yesterday, 3-day, this week, last week, last month, but they really haven't helped lately. Am I wasting my time with these or is do you think this time period is just an anomaly?
no you are not wasting your time... Fibs are very important.. I use them all the time.
when that happens to you it indicates that price is going to the other direction... you are looking for fibs retracements where price is retracing fibs of a much higher timeframe (weekly for example)
Fibs from previous day range are very important for intraday. I update it if we make new highs or lows so they will become a fib from yesterday low to today's high. or yesterday high to today's low.
  • #49,398
  • Dec 10, 2008 5:08pm Dec 10, 2008 5:08pm
Quoting emda
no you are not wasting your time... Fibs are very important.. I use them all the time.
when that happens to you it indicates that price is going to the other direction... you are looking for fibs retracements where price is retracing fibs of a much higher timeframe (weekly for example)
Fibs from previous day range are very important for intraday. I update it if we make new highs or lows so they will become a fib from yesterday low to today's high. or yesterday high to today's low.
OK, thanks again. I also draw fibs for the latest trace, so to speak. The most recent high to the most recent low intra-day.
Up or down, gimme a ticket
  • #49,399
  • Dec 10, 2008 5:12pm Dec 10, 2008 5:12pm
So AK4X and Emda, do you not do anything at all with 0000gmt Open and 2359gmt Close?
Up or down, gimme a ticket
  • #49,400
  • Dec 10, 2008 5:15pm Dec 10, 2008 5:15pm
Quoting SpecialEd
OK, thanks again. I also draw fibs for the latest trace, so to speak. The most recent high to the most recent low intra-day.
speaking about recent fibs...
new plan. confluence fibs of yesterday and day before.. at 1.2966... I'll long there..
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