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  • #128,341
  • Aug 4, 2009 2:45pm Aug 4, 2009 2:45pm
Quoting Duce

But there is also this formula: H + L + C / 3, which gets me these numbers: R2 1.4591; R1 1.4500; Pivot 1.4354; S1 1.4262; S2 1.4116.

Thoughts? Suggestions? Am I totally off or do some of you have the same numbers?
I use the one with H, L, C. My numbers are slightly different, but only few pips. I use 24:00 as end of day.
  • #128,342
  • Aug 4, 2009 3:04pm Aug 4, 2009 3:04pm
Quoting Duce
I usually calculate the daily pivots this way - H + L + C + Today's Open / 4. For today, I got these numbers: R2 1.4605; R1 1.4528; Pivot 1.4367; S1 1.4290; S2 1.4130

But there is also this formula: H + L + C / 3, which gets me these numbers: R2 1.4591; R1 1.4500; Pivot 1.4354; S1 1.4262; S2 1.4116.

Thoughts? Suggestions? Am I totally off or do some of you have the same numbers?
Just a thought, but are not "C" and "Today's Open" typically the same number?

I'm glad you brought this up, because I have thought about this too. The DP numbers are of course subject to alot of variance depending on where and when the H, L, & C values are taken.

But I just take mine off the action forex site & call it good. After all, I am looking for a number that is a psych level, which means most people are using/seeing it - so I figure the published numbers will be better than what I might calculate
"If The Fool persists in his Folly he will become wise." - William Blake
  • #128,343
  • Aug 4, 2009 3:07pm Aug 4, 2009 3:07pm
.


Quoting Atlast
I use the one with H, L, C. My numbers are slightly different, but only few pips. I use 24:00 as end of day.
  • #128,344
  • Aug 4, 2009 3:19pm Aug 4, 2009 3:19pm
What's wrong with 24:00
  • #128,345
  • Aug 4, 2009 3:26pm Aug 4, 2009 3:26pm
Quoting The Fool
Just a thought, but are not "C" and "Today's Open" typically the same number?

(blah, blah, blah)


After all, I am looking for a number that is a psych level, which means most people are using/seeing it - so I figure the published numbers will be better than what I might calculate

I think this has to do with averaging out the weekend gap. Friday's close does not always equal Sunday night's (EST) open.

And I agree with you 100% about 'psych levels'. These pivots, R & S levels and patterns are quite subjective. It's like looking at ink blots. One guys says he sees a rabbit, the next guys sees an alligator, somebody else see a naked woman These numbers can assist "experienced" scalpers. But big boys have traps at every level, and most of them are short term traps. I think most swing traders, like me, concentrate more on the fundamentals than the technicals. And it can be quite disconcerting when a country's fundamentals don't immediately match the value of its given currency.
Si vis pacem, para bellum.
  • #128,346
  • Aug 4, 2009 3:49pm Aug 4, 2009 3:49pm
Quoting Duce
Sorry to post this in here, but the forumites I usually listen to are on this thread...and you know who you are.

I usually calculate the daily pivots this way - H + L + C + Today's Open / 4. For today, I got these numbers: R2 1.4605; R1 1.4528; Pivot 1.4367; S1 1.4290; S2 1.4130

But there is also this formula: H + L + C / 3, which gets me these numbers: R2 1.4591; R1 1.4500; Pivot 1.4354; S1 1.4262; S2 1.4116.

Thoughts? Suggestions? Am I totally off or do some of you have the same numbers?
http://www.fxstreet.com/forex-tools/...nt-calculator/ http://www.actionforex.com/technical...-200603205733/
those who can, do. those who cant, talk about those who can
  • #128,347
  • Aug 4, 2009 4:00pm Aug 4, 2009 4:00pm
Quoting cobraforex
.
4576 52 37 26 14 4499 75 60 51 44 37 26 13 01 4394 88 81 74 62 51 43 37 31 24 12 4297 88 81 73 64...4576 not posting much because im scalping..
those who can, do. those who cant, talk about those who can
  • #128,348
  • Aug 4, 2009 4:02pm Aug 4, 2009 4:02pm
Great stuff, Gator. Thanx.
Si vis pacem, para bellum.
  • #128,349
  • Aug 4, 2009 4:08pm Aug 4, 2009 4:08pm
Quoting gatorinla
4576 52 37 26 14 4499 75 60 51 44 37 26 13 01 4394 88 81 74 62 51 43 37 31 24 12 4297 88 81 73 64...4576 not posting much because im scalping..
Thanks you very much, Dear gatorinla.
  • #128,350
  • Aug 4, 2009 4:09pm Aug 4, 2009 4:09pm
Nothing, I use 24:00 since I can think back to end the day.


Thanks Gator for the #s

Quoting UWouldLose
What's wrong with 24:00
  • #128,351
  • Aug 4, 2009 4:13pm Aug 4, 2009 4:13pm
I'm in the same, it's like to be in paradies for scalping, you can't be wrong, only once when breakout.

Quoting gatorinla
...not posting much because im scalping..
  • #128,352
  • Aug 4, 2009 4:15pm Aug 4, 2009 4:15pm
Does anyone know why NZD has got all of a sudden very strong against all the currencies?
rat
  • #128,353
  • Aug 4, 2009 4:17pm Aug 4, 2009 4:17pm
Talk about a part-time job...

These euro traders work a couple days and then go back to sleep.

Hope they wake up tomorrow.

What can one glean from this daily pic ?
Only that it was a quiet day. We get those sometimes..

Does it foretell anything about tomorrow?
Probably not. I like to let each day stand on its own.

I guess we could make up something.......
Attached Image (click to enlarge)
Click to Enlarge Name: euday.PNG Size: 28 KB
  • #128,354
  • Aug 4, 2009 4:24pm Aug 4, 2009 4:24pm
Quoting Hell7
2 daily charts
Updated version.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20090804eurD1.gif Size: 46 KB
Click to Enlarge Name: 20090804eurD2.gif Size: 35 KB
  • #128,355
  • Aug 4, 2009 4:26pm Aug 4, 2009 4:26pm
Hey Optimum, what indicators are that?

thx in advance

Quoting Optimum
Euro / Usd Daily Chart.

Note : Repaint does. (But, daily reliable)
Close your eyes when you feel you are going under.
  • #128,356
  • Aug 4, 2009 4:27pm Aug 4, 2009 4:27pm
Quoting toshi
Talk about a part-time job...

These euro traders work a couple days and then go back to sleep.

Hope they wake up tomorrow.

What can one glean from this daily pic ?
Only that it was a quiet day. We get those sometimes..

Does it foretell anything about tomorrow?
Probably not. I like to let each day stand on its own.

I guess we could make up something.......
Dear Toshi,

4H Chart, I think down.
Attached Image (click to enlarge)
Click to Enlarge Name: toshi.gif Size: 19 KB
  • #128,357
  • Aug 4, 2009 4:34pm Aug 4, 2009 4:34pm
For pivots and other useful technical data I use following website:
http://www.mataf.net/en/tools/home


Quoting Duce
Sorry to post this in here, but the forumites I usually listen to are on this thread...and you know who you are.

I usually calculate the daily pivots this way - H + L + C + Today's Open / 4. For today, I got these numbers: R2 1.4605; R1 1.4528; Pivot 1.4367; S1 1.4290; S2 1.4130

But there is also this formula: H + L + C / 3, which gets me these numbers: R2 1.4591; R1 1.4500; Pivot 1.4354; S1 1.4262; S2 1.4116.

Thoughts? Suggestions? Am I totally off or do some of you have the same numbers?
Close your eyes when you feel you are going under.
  • #128,358
  • Aug 4, 2009 4:39pm Aug 4, 2009 4:39pm
This website is sitting in my "favorites" although it's not really of fav But it is a good one to look at it and judge in this sleepy E/U times. How the hell can they predict those numbers. (I know not the "predict discussion again, lol).

http://forecasts.org/euro.htm
Close your eyes when you feel you are going under.
  • #128,359
  • Aug 4, 2009 4:43pm Aug 4, 2009 4:43pm
Quoting gatorinla
4576 52 37 26 14 4499 75 60 51 44 37 26 13 01 4394 88 81 74 62 51 43 37 31 24 12 4297 88 81 73 64.....
Hey gator,

I hate to ask (because it makes me look lazy) but I know you're a good egg.
Can you remind us (me) how you derive the price points?
I seem to recall something about a bunch of old trendlines from way back
moved forward into the present time, combined with some other stuff.
I think that was you ? Now I'm not sure. Was that you ?

All your old posts aren't showing up, only the last 1000, or else I'd check there.

Whatever you'd like to share. Thanks.
  • #128,360
  • Aug 4, 2009 5:03pm Aug 4, 2009 5:03pm
Quoting toshi
Hey gator,

I hate to ask (because it makes me look lazy) but I know you're a good egg.
Can you remind us (me) how you derive the price points?
I seem to recall something about a bunch of old trendlines from way back
moved forward into the present time, combined with some other stuff.
I think that was you ? Now I'm not sure. Was that you ?

All your old posts aren't showing up, only the last 1000, or else I'd check there.

Whatever you'd like to share. Thanks.
nope.. wasnt me... mine all come from pre nov. 2000....hard to desribe. so to dont try. *L* i was also checking old post... i had a price prediction and cant find it..for this level and date..
those who can, do. those who cant, talk about those who can
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