Pivots and Trends with the JPY

i think UJ go up to 92.00 and not down anymore...
what do you think ??

not sure we got a Bank Holiday in Japan today so prolly won't see to much movment until London->NY sessions. I don't normally start trading until monday night / tuesday asian session

I'm more bearish for this week overall so I'll be looking to short this pair this week.

Run out of buyers my a$$----- not today.

I kinda expected dove or chonchy to be here by now.... I hope everything is ok.

I'm sure their fine.I've seen Chonchy at the bottom. They'll start when they're ready.

Guys you are going to have to excuse us because Dove is not feeling well, neather I'm I, he is 64 allready and just got out of the hospital, so let cut him some slack here, but lets just talk a little bit about pivots and their accuracy, with this said dosn't mean you guys can't talk about your strategys and analisis, this tread is to teach the newbis, I know there is a lot of people that think we are going to discuss a method or something, there is no special method all strategys are the same, a few inicators here and there but they are all the same, the main thing for all strategys is focus, patience attencion, just a mather of waithing for the right moment and act, the pivot points is a great tool for your arsenal, there is some people that don't need any indicators, crosses or any tools, just by wacthing a chart they can tell where price is going but that, I here some where in the factory, takes 10 000 hours of screen time escuse my English as is not my first language, the effort is what counts, in this chart we can see the accuracy of the pivot points in this pair (the eur/usd), price was hovering aroung the central (pink line) or open, %K cross on the one hour and price took off from the PP to M3, the trade was for a good 30 pips, after that it took off to R1 for another good 30 pips with this is enough to retire for the day, just those two trades along where good 60 pips, once price take off to the next pivot point always is going to get there, now later or at the end of the day, so wacth for this brake outs and trade the pivots with assurance, after hiting a pivot point price usualy bouce so is time to take some profit and see what is going to do next, we use severals time frames to determine the entrie, for example in this case I would of look for a sinc of the lower time frames, 15m and 20M to get in, the sinc could be 3 charts with you favorite set of tools, the BB's play a great roll in this once a band is hit price usualy goes the other way so this convine with a hit of a PSAR a couple of moving averages and the %K, my favorite, you got yourself a strategy, usualy price opens at five and goes eather up or down, if it opens under the central going to the central with the daily PP on top it usualy will be a bullish day, and viceversa this is not on stone, especialy with news announcements but the turmoil of the new price usualy turns to the movement that iniciated before, here is a chart to show the PP's acurace, how it hit the pivot up there and bounce off precisesly, wellcomr criticts coments or addings to this coment, post away guys let all show something to this new guys that start, so they don't have to waiste so much money like we did, at least I did, I strongly recomend that all new guys try all this strategys that you are going to see here on demo for a few months before going real. pleeease strongly recomended, thanks, sorry I'm a little sick, the fllu but a bad one I got, so sorry about the delay in showing up, but thanks to Knuckles, the Fool and others, you guys where not along, you where in good company

Sorry to hear chonchy hope you and Dove feel better soon.

not much is going to happen I'll be back around London open

man i never seeing anything like it, do you know what is have your ribs hert from cougfing, all night last night coughfing and coufghing all my ribs and my back herts from it and dove is in bed and can't wake up

Good to see you here Carlos!

Get better soon!

I'll try to dig up some of Dove's past pivot posts to add here as well...

Paul.

Greetings to all the old and new friends, it's a nice surprise to see this thread again! I'll take part in this discussion as well when I have something useful to say :-)

Carlos, hope your trend changes to no-cough at US open tomorrow - looks like you don't need any more coughing :-)

Bollinger Band is one of the most important technical tools to use, just like Chonchy descrived above.
When you plot BB in any charting software it asks for parameter input (which is the number of data points analyzed).
The optimal parameter to use depends on the particular currency pair that you trade, (i.e., preferred dynamics of that pair), and on the time scale (15-min, 1-hour, daily...) To determine the best parameter you have to do some backtesting for your currency pair.
As for the EUR-USD you can match it from the chart that Chonchy posted.

Bollinger band alone won't give you that perfect entry point, but it will always tell you when you should not enter a trade, and that's a very important skill: patience.
Squeezed parallel lines on BB show that price action is in consolidation, and no entries should be made if blocked by the BB. When the bands "open", however, the price is free to move, and other pivots/indicators must be taken into account for entry.

Don't worry about us Chonchy, only worry about your and Dove's health.

There is no better asset in the world than a good healthy life.

Take your time, we can wait and the market will be there always.

Hope you folks get better soon.

see what i mean that when price enbarc to a certain PP it will get there sooner or later, there it is hiting M4 almost to the pip, and it is not finish yet it will hit it to the pip keep wacthing

Nice trading Calos.....i dont use pivot but i use fibo retracement for me price projection...
good start of the week on eu..cheers

anybody can talk anything here guys, about any currency pair, especialy today that I'm so sick and it herts just to hit the keyboard, my eyes herts imagine that

the fibopivots of the THV system oh man they are even more presice, I love fibo's too donfriday but why don't you help me here talking a little about them perhaps a chart or two, I'm sure knuckles is crazy to jump in with his fibo's too, I need the help today that my eyes don't let me type, sorry

Get well soon Carlos.

A question: Is there a standard rule for the timeframe that Pivots are calculated from? (i.e. 06:00GMT to 22:00GMT or 22:00GMT to 22:00GMT)


Magnus

Internationaly 5:00 o'clock is the open of the day, all tho some folks will argue about this, as you can see we use accucharts for our trading besides the mt4 platform for the cobra charts we use in conbination, so accushart give this pivots points automatycly at 17:00 or 5:00 o'clock eastern standard time and that is the time we shouse for the central as well the open of the 17:00 or 5:00 o'clock candle or bar what ever you use as your favorite, but cobraforex can jump in here anytime and explain how it works in his charts, I hope that answer your question Yuppie and thanks for it