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Pivots and Trends with the JPY

  • #61
  • Nov 23, 2009 1:51am Nov 23, 2009 1:51am
Midle pivot point are likely to be a turning point in this pair but 4900 being so close and being sicholofical point and all that I don't dought it will hit it, an entrie at the M4 targeting the 4998 with a stop below the pivot (m4) won't hert anybody R2 could be a nice target lets see what the london open brings for us here, seing the asian took it up there I don't daude the londinenses take it highter to the 5000 level, I mean is only 40 pips, what do you guys think?
The Chonchy
  • #62
  • Nov 23, 2009 1:52am Nov 23, 2009 1:52am
Quoting chonchy
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

this is my GU chart....i am targeting that confluence zone..i long since last week ...you know me base on my signature i dont bias so if price reverse now i will just follow but from my 1hr chart and price above blue MA i am not scared at all....
cheers...my trading is logic.....
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #63
  • Nov 23, 2009 1:59am Nov 23, 2009 1:59am
very nice trading donfriday and very logic in deed, knowing that the g/u runs in favor of the e/u I will say that, that confluence is a very good target, like I say I could be wrong because the e/u is exausted and all but I htink we will see 5000 today again and if that happens the g/u will fly to that congruence, thanks donfriday for you analisis very impresive
The Chonchy
  • #64
  • Nov 23, 2009 2:00am Nov 23, 2009 2:00am
here is 4hrs showing a test of previous support that turn resistance....that is where the blue rectangle is sitting.. the red MA signify a correction zone and a strong rejection can occur ...GU and GJ chart is still bearish only a correction to the upside for now....
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #65
  • Nov 23, 2009 2:04am Nov 23, 2009 2:04am
Quoting Yuppie
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
I use these
http://www.actionforex.com/technical...-200603205734/
  • #66
  • Nov 23, 2009 2:05am Nov 23, 2009 2:05am
me think there is no power to keep going and london is not involve me think so i think it may turn but is not over yet she is batleling there as a good sworsman, let see what happens here, is a critical point here, lets be cautius
The Chonchy
  • #67
  • Nov 23, 2009 2:06am Nov 23, 2009 2:06am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Evilgoat
I use these
http://www.actionforex.com/technical...-200603205734/

Thanks EG...
  • #68
  • Nov 23, 2009 2:08am Nov 23, 2009 2:08am
Quoting Evilgoat
I use these
http://www.actionforex.com/technical...-200603205734/
those are great, evilgoat you just have to imput the OHLC manualy if you get a demo with fxsolutions they will give you the accucharts free and you can go from there, full auto every day at 5:00 they change and you don't have to do a thing
The Chonchy
  • #69
  • Nov 23, 2009 2:08am Nov 23, 2009 2:08am
Quoting chonchy
me think there is no power to keep going and london is not involve me think so i think it may turn but is not over yet she is batleling there as a good sworsman, let see what happens here, is a critical point here, lets be cautius

close ur platform clear ur mind of trading and take the day off...if you miss todays trading you will catch tomorrow...your health is very important, save some energy.....you family need you...cheers get well
MY OPINION NOT FINANCIAL ADVISE
  • #70
  • Nov 23, 2009 2:09am Nov 23, 2009 2:09am
no power BS they were just hunting stops me think je, je
The Chonchy
  • #71
  • Nov 23, 2009 2:12am Nov 23, 2009 2:12am
Quoting donfriday
close ur platform clear ur mind of trading and take the day off...if you miss todays trading you will catch tomorrow...your health is very important, save some energy.....you family need you...cheers get well
that is good advise donfriday i think I'm going to follow your instructions because is realy bad overhere
The Chonchy
  • #72
  • Edited 3:13am Nov 23, 2009 2:50am | Edited 3:13am
Quoting dove_alliance
Hello Everyone;
Tomorrow is Sunday and I request Carlos to come on this thread after a couple of years of not being used, to begin a new training session for the beginners in the FX to learn about pivots; highs and lows, and trends.... I myself will occasionally check in and see how Carlos is doing but after a long spell of sickness I am back but must once again begin trading to make up for all the months I have been away.... I feel Carlos will do a very good job as his technique is unusual and could very well be a new strategy for trading... God...

Hi Dove and Carlos - I've just picked up your messages - many thanks and I'm delighted to see a new thread following on with The Dove's excellent work.....

I - and I hope all members of FF - wish The Dove a continued and complete recovery......

Best regards

Islander

Edit: - now that I've read the thread a "get better" to Carlos too.....
Trading Levels with WRBs
  • #73
  • Nov 23, 2009 3:36am Nov 23, 2009 3:36am
Quoting donfriday
this is my GU chart....i am targeting that confluence zone..i long since last week ...you know me base on my signature i dont bias so if price reverse now i will just follow but from my 1hr chart and price above blue MA i am not scared at all....
cheers...my trading is logic.....
Okay calos...get well and c ya soon...my Gu is done..
MY OPINION NOT FINANCIAL ADVISE
  • #74
  • Nov 23, 2009 4:34am Nov 23, 2009 4:34am
To give some input whilst we wait for The Dove and Cronchy to recover, here's a chart that I posted elsewhere on Friday.

The four grey ellipses are all around pivot levels.

The left side ellipse showed price turning at the magenta Daily Pivot.

As I'm in Europe, I trade from around the Frankfurt Open and I also use a couple of MAs - the faster is the 30 EMA which changed from Aqua to Magenta as it rolled over from sloping upwards to sloping downwards. The green changing to firebrick is the 60 min 20 EMA - on this TF a 240 EMA.

I use the 30 EMA for retrace entries and to remind me to stay in a trade "with the trend".....here, there were three more opportunities AFTER the rejection of the DP to take short positions.

The second grey ellipse is at the dotted green MS2 level and this "held price" for 40 minutes.

The next ellipse is at the dotted red S2 level and again held price before the final push down to the confluence of the red S3 level / 6450 area.

The fall from the DP to the low was more than 200 pips and just taking the first pull back at the red arrow to when price finally got back to the magenta 30 EMA was ~150 pips.....

I hope that others can see the potential available when we start to use correctly set up Daily Pivots......thanks Dove.and I hope my interpretation of your posts from the summer of 2007 are not too far out.......http://cdn.forexfactory.com/images/icons/icon11.gif
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #75
  • Nov 23, 2009 4:38am Nov 23, 2009 4:38am
Quoting chonchy
this is carlos I don't know if you remember me but i was one of the pioniers of the dove_alliance tread
Of course I remember you Carlos, keep up the great work!
  • #76
  • Edited 5:07am Nov 23, 2009 4:52am | Edited 5:07am
And here's this morning's action.....I'm now short from the push up to the area of the blue dotted R1 level.....interestingly, also in the same area there is a red high volume pivot line from last week......

Edit: - LOL, my multi-tasking is a little slow this morning......I should have also pointed out that after the high shown, there was a 30+ pip drop right back to the green MR1 level - resistance now becoming support and a great place to book some profits....I'm hoping for some input as to whether or not we should expect the R1 level to be hit ~"to the pip" or if my "R1 area is acceptable"...
Attached Image (click to enlarge)
Click to Enlarge Name: nov 23 cable 5m mid morn.gif Size: 17 KB
Trading Levels with WRBs
  • #77
  • Nov 23, 2009 5:31am Nov 23, 2009 5:31am
very nice trade Islander, and analisis thanks a lot, me think the market is going to continue side ways here in consolidation untill the retail sales at 8:30, trade cautius with the news coming, I'm staying in bed out of the market for good in the news
The Chonchy
  • #78
  • Nov 23, 2009 5:37am Nov 23, 2009 5:37am
Quoting chonchy
very nice trade Islander,and analisis thanks a lot, me think the market is going to continue side ways here in consolidation untill the retail sales at 8:30, trade coutius with the news coming, I'm staying in bed out of the market for good in the news
Thanks C - and I agree - I've already booked some profits, expecting a quieter couple of hours into 8am EST when the early NY guys get on line.....I usually take a break from around 11am Europe, coming back for NY.....
Trading Levels with WRBs
  • #79
  • Nov 23, 2009 7:41am Nov 23, 2009 7:41am
good green numbers, we should see some dollar streaigh, "should" but.........there Dr. Ron Paul on CNBC, auditing the fed
The Chonchy
  • #80
  • Nov 23, 2009 7:54am Nov 23, 2009 7:54am
Quoting chonchy
good green numbers, we should see some dollar streaigh, "should" but.........there Dr. Ron Paul on CNBC, auditing the fed
Hi - are you talking about the Canadian Retail Sales? - I have the only US data as the Home Sales at 10am est
Trading Levels with WRBs
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