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  • #125,181
  • Jul 24, 2009 1:40pm Jul 24, 2009 1:40pm
If you want to become a better trader you need to have these on your charts.

Attached is a chart with pivots applied.

Pretty straightforward stuff.

m
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  • #125,182
  • Jul 24, 2009 1:44pm Jul 24, 2009 1:44pm
Quoting acumen
If you want to become a better trader you need to have these on your charts.

Attached is a chart with pivots applied.

Pretty straightforward stuff.

m
Would you expect to see post- earnings week profit-taking next week & a slide in the DOW, pull back in the E/U?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #125,183
  • Jul 24, 2009 1:47pm Jul 24, 2009 1:47pm
Quoting acumen
If you want to become a better trader you need to have these on your charts.

Attached is a chart with pivots applied.

Pretty straightforward stuff.

m
Hello Acumen,

Do your indicator shows the pivot points from the last few days too? I using one but it shows only the pivots from the current day and H/L from the day before.
If your indi does show past pivots can you post it for me please?

Thank you very much.
  • #125,184
  • Jul 24, 2009 1:55pm Jul 24, 2009 1:55pm
Quoting The Fool
Would you expect to see post- earnings week profit-taking next week & a slide in the DOW, pull back in the E/U?
I'm thankful I'm a scalper.

This pair is way more bullish than I thought it would.

The fact that there has been little retracement into the close seems to point to further bullishness.

I'm just guessing but I think equities need a breather after this week.

HOWEVER... that being said there is a lot of cash on the sidelines and large fund mangers don't want to left off the train so retraces may be bought.

m
  • #125,185
  • Jul 24, 2009 1:58pm Jul 24, 2009 1:58pm
Quoting Rednose
Hello Acumen,

Do your indicator shows the pivot points from the last few days too? I using one but it shows only the pivots from the current day and H/L from the day before.
If your indi does show past pivots can you post it for me please?

Thank you very much.
It's very effective.

It's not mine... it's on my site and I use it but I pilfered it from somewhere.

It's very accurate.

It's attached.
Attached File(s)
File Type: ex4 FXI Pivots.ex4   25 KB | 373 downloads
  • #125,186
  • Jul 24, 2009 2:00pm Jul 24, 2009 2:00pm
Quoting acumen
It's very effective.

It's not mine... it's on my site and I use it but I pilfered it from somewhere.

It's very accurate.

It's attached.
Thanx again, Iīm trying a mix of FIBīs S/R levels and PP...using M15 M5 for fast scalping and H1 and 4H for more pips... trend confirmation on 4H and D1.

PS_ For some reason EUR/USD likes middle PP`s too did you noticed ?
  • #125,187
  • Jul 24, 2009 2:17pm Jul 24, 2009 2:17pm
Quoting acumen
If you want to become a better trader you need to have these on your charts. Attached is a chart with pivots applied.
Geez Mike, that's just so haaaarrrdd..... isn't there a simpler way to do all that?


FUBAR...
  • #125,188
  • Jul 24, 2009 2:20pm Jul 24, 2009 2:20pm
Quoting ak4x
Geez Mike, that's just so haaaarrrdd..... isn't there a simpler way to do all that?


Damn it new traders.

Look up Occam's Razor.

I promise... simple is better.

Yes... there is one way to make it easier... let me trade your capital.

m
  • #125,189
  • Jul 24, 2009 2:21pm Jul 24, 2009 2:21pm
Quoting ak4x
Geez Mike, that's just so haaaarrrdd..... isn't there a simpler way to do all that?


Yep, I can do it for ya. I'll keep half of the profits but ya'll have to take all the losses...
  • #125,190
  • Jul 24, 2009 2:27pm Jul 24, 2009 2:27pm
Quoting Rednose
....PS_ For some reason EUR/USD likes middle PP`s too did you noticed ?
Check the date on the following quote...
Quoting ak4x
more likely M3 pivot first. Eu likes those mid pivots alot imo. enjoy.
Congratulations Rednose, you're starting to catch the rhythm in this pair.

Whatever you're doing... keep on doing it.
FUBAR...
  • #125,191
  • Jul 24, 2009 2:27pm Jul 24, 2009 2:27pm
http://www.gold-eagle.com/editorials...sfx072309.html
  • #125,192
  • Jul 24, 2009 2:32pm Jul 24, 2009 2:32pm
Equities and the Euro have acted fairly independently of each other the last 48 hours. Is the Euro/risk correlation becoming undone? Thoughts?
"If it was good enough for Gann, it's good enough for me..."
  • #125,193
  • Jul 24, 2009 2:32pm Jul 24, 2009 2:32pm
its really wonderfull to see how people helps each other in this business without any personal benefits god bless all
  • #125,194
  • Jul 24, 2009 2:34pm Jul 24, 2009 2:34pm
http://www.contraryinvestorscafe.com...id=27&aid=1237

Extract from article by Jim Willie:


The Euro currency is ready to challenge the 160 highs again. It is reluctant beneficiary to a crumbling USDollar. The custodians of the Euro want a stable currency, not a too strong currency. They will not have their wish. As the USDollar suffers the shameful global rejection, the Euro benefits. What is good for selling EuroBond debt is also bad for European export industries. A rising Euro keeps down economic costs across the continent, a vital buffer. However, the engine of Europe is Germany, whose export trade struggles and will feel greater stress as the Euro rises further. The reversal pattern dictates a target of 160, thus a challenge of 2008 highs. The base from last winter at 126 was a reaction low. The impulse high at 143 must be overcome, but all signs point to surpassing it. Hue and cry will come from Europe when the runup occurs. After 143 is overcome, a sudden scary fast move will come to 155, almost a 10% move with no resistance. In the currency realm, that is VERY DISRUPTIVE. The move will drag the US$ DX index down to 73-74 range, with blood on the FOREX floor.
  • #125,195
  • Jul 24, 2009 2:45pm Jul 24, 2009 2:45pm
Quoting pqt
Yep, I can do it for ya. I'll keep half of the profits but ya'll have to take all the losses...
Actually around 30% of gross profits and a high water mark after 100%... then I take 1/2.

m
  • #125,196
  • Jul 24, 2009 2:50pm Jul 24, 2009 2:50pm
Quoting tamster
http://www.contraryinvestorscafe.com...id=27&aid=1237

Extract from article by Jim Willie:


[font=Verdana]The Euro currency is ready to...
But your listening to a guy called Jim Willie.

m
  • #125,197
  • Jul 24, 2009 2:51pm Jul 24, 2009 2:51pm
Quoting ak4x
Check the date on the following quote...

Congratulations Rednose, you're starting to catch the rhythm in this pair.

Whatever you're doing... keep on doing it.
Hey Ak!
Wow! thatīs a while ago..almost one year....I realized that as I started using an Indicator shared by Cobra in his system THV3, it shows mid pivots.

Well Thanks Sir for the nice words itīs nice to hear compliments from somebody like you.
  • #125,198
  • Jul 24, 2009 2:57pm Jul 24, 2009 2:57pm
Long time thread stalker, just saying hi and thanks for the perspectives.
Is it just me...or is everyone crazy.
  • #125,199
  • Jul 24, 2009 3:06pm Jul 24, 2009 3:06pm
New COT report http://www.cftc.gov/dea/options/deacmelof.htm
  • #125,200
  • Jul 24, 2009 3:15pm Jul 24, 2009 3:15pm
Quoting Rednose
Hey Ak! Wow! thatīs a while ago..almost one year...

Well Thanks Sir for the nice words itīs nice to hear compliments...
Some things don't really ever change, other than a little tweaking now and then. Acumen and me have been preaching pivots since the get go here, and Mike has some great resources on his website for the price of the time it takes to watch and learn.

About the kind words and all... it's always cool to hear the sound of someone else's nickel dropping...

Simple really does work my friend... ((btw, the "sir" part is a little creepy))

Now if you really want to add something into your learning curve, mind your quarter pivots when the spread opens up real wide following a big move day... enjoy.
FUBAR...
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