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  • #221,701
  • Apr 7, 2010 1:00pm Apr 7, 2010 1:00pm
Quoting ak4x
Mikey, you've scared these new guys half to death.

New guys... Mikey used to be one of the most helpful and smartest guys posting here. Now he's just one of the most helpful and smartest guys still posting here. I'm just helpful (sort of... sometimes...), but since I'm not smart, that sort of leaves me in the corner by myself wishin I could be like Mikey... maybe someday when I grow up...



On the other hand, I'm the guy that told him about Snagit. That and two bucks'll get you a Quad shot at the caffeine pit....
you are one of the few traders i wouldn't want to compete against.

this is a great site... it's good to have you back on this thread... you are a massive asset to the FF.

people... this guy trades longer term than i and is probably a better trader.

glad your back... we can all use the insight.

Mike
  • #221,702
  • Apr 7, 2010 1:03pm Apr 7, 2010 1:03pm
Quoting $maker
Gold has defeated me..
then stick to the majors.

by the way... we feed are you using to analyze metals?

m
  • #221,703
  • Apr 7, 2010 1:04pm Apr 7, 2010 1:04pm
Same corruption and denial, different day.
Founder of Sutherland Wave Principle
  • #221,704
  • Apr 7, 2010 1:05pm Apr 7, 2010 1:05pm
Quoting acumen
you'll get lots of different answers about when pivots should be calculated. additionally... there are lots of different methods.

i've been using the same indi for 4 years. i stole it. it's calculated by using the NY close. it's a daily pivot point and i apply it to a 15 minute chart of the majors.

it works very well and i like it because it's simple. i also have a monthly on my 15 min chart but it doesn't get much respect.

put my pivot indi on a 15 minute chart for one week... on the majors... and just watch.

mike
Mike: is it available?

Everyone: I think we may range for awhile... then possibly trend up from here... posted first chart on Monday...
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  • #221,705
  • Apr 7, 2010 1:08pm Apr 7, 2010 1:08pm
Quoting acumen
...put my pivot indi on a 15 minute chart for one week... on the majors... and just watch.

mike
There you go again... givin away the farm. Now what're we gonna do?

Btw... added a medium confidence short at M2/3775 in spite of my own 2hr thoughts... it's a smallish one with a tight stop just above the xx80 psych level. Will lock in +1 asap.

And keep that psych level stuff just between us... ok mikey? That would really screw our retirement plans if anybody added that worthless crap to Pivots...
FUBAR...
  • #221,706
  • Apr 7, 2010 1:10pm Apr 7, 2010 1:10pm
Quoting enterfx
We need some takers perhaps @ 3400/20/40 in order for a decent drop.
3440 is the top of recent TL. I have my pendings ready.
Glad to hear some logical analysis that confirms my outlandish technique.
I also have pending orders @ 3410 and 44. and an open .3450 long to those targets.
Founder of Sutherland Wave Principle
  • #221,707
  • Apr 7, 2010 1:11pm Apr 7, 2010 1:11pm
someone sent me a pm and said...

so... if you are a day trader and only trade the daily trend why are all of your positions shorts?

really good question.

the long term trend is down. (no shit)

with that in mind... i find it more mentally comforting to take sells after retraces than i do to go against the longer term trend.

yesterday is a good example... my system said buy the pound off the pivot point but my mind said... don't do it dumbass.

day traders should focus on the daily direction but it's something that is one of my sore points.

Mike
  • #221,708
  • Apr 7, 2010 1:12pm Apr 7, 2010 1:12pm
Quoting ak4x
There you go again... givin away the farm. Now what're we gonna do?

Btw... added a medium confidence short at M2/3775 in spite of my own 2hr thoughts... it's a smallish one with a tight stop just above the xx80 psych level. Will lock in +1 asap.

And keep that psych level stuff just between us... ok mikey? That would really screw our retirement plans if anybody added that worthless crap to Pivots...
psych what?

m
  • #221,709
  • Apr 7, 2010 1:15pm Apr 7, 2010 1:15pm
Quoting 2+2=4ex
Mike: is it available?

Everyone: I think we may range for awhile... then possibly trend up from here... posted first chart on Monday...
You have to use IE... Fire Fox is shitting the bed on me.

http://thefxpivotpoint.com/Pivots.htm
  • #221,710
  • Apr 7, 2010 1:16pm Apr 7, 2010 1:16pm
Quoting 2+2=4ex
Mike: is it available?

Everyone: I think we may range for awhile... then possibly trend up from here... posted first chart on Monday...
i must say i feel we are bottoming BUT...

I simply can't trade against Greece.

Mike
  • #221,711
  • Apr 7, 2010 1:17pm Apr 7, 2010 1:17pm
Quoting acumen
glad your back... we can all use the insight.

Mike


What I don't know would fill warehouses... but thanks, mostly just picked up lots of free stuff laying a'rd here at FF from all the guys here...


((Oh yeah, check your paypal account, the money should be in there soon...))
FUBAR...
  • #221,712
  • Apr 7, 2010 1:18pm Apr 7, 2010 1:18pm
Quoting Trading Cat
ok former short from 3339 is in my opinion still valid took sl out as no need and put an auto hedge in place instead sl this also had been done with mm consideration, which also will protect me from further spikes up. Also changed tp instead of 3305 I will now aim at 3266 and lower once we broke 3300 I will put the auto hedge at that level.

Now I leave my pc and let the program work.
strange even though I changed my sl further up it didnt get hit or better to say the hedge activated.
We are still on the edge of the triangle and didnt manage to get above 75 which is good for my shorts. Should for whatever reason now price move above 3400 my hedge will take control for the pivot its bounce and so on...
current level of interest is 60-62 for continuation of the trend.
Will exit position at 3270 or below depending on pa but limit is set.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,713
  • Apr 7, 2010 1:21pm Apr 7, 2010 1:21pm
Quote
someone sent me a pm and said...

so... if you are a day trader and only trade the daily trend why are all of your positions shorts?

really good question.

the long term trend is down. (no shit)

with that in mind... i find it more mentally comforting to take sells after retraces than i do to go against the longer term trend.

yesterday is a good example... my system said buy the pound off the pivot point but my mind said... don't do it dumbass.

day traders should focus on the daily direction but it's something that is one of my...


Great point Mike.

PP are great, effective and simple way to trade. I am using them in FTSE 100 and Dow Jones as well and they serve as a good guide during intra day.

I like the anti hedge system in PP.

Example: PP is 1.34 and one has taken short at 1.34. The prices reaches 1.3370 and then price starts to reverse back breaking 1.34 again. There one should exit the current short at B/E and go for a long.

I see trading as a driving in rough conditions where steering the wheel placing it in right direction takes to the destination.
  • #221,714
  • Apr 7, 2010 1:22pm Apr 7, 2010 1:22pm
Quoting ak4x


What I don't know would fill warehouses... but thanks, mostly just picked up lots of free stuff laying a'rd here at FF from all the guys here...


((Oh yeah, check your paypal account, the money should be in there soon...))
you beat the market month after month.

everything else is just noise.

m
  • #221,715
  • Apr 7, 2010 1:23pm Apr 7, 2010 1:23pm
Dow falling.

E/U is rising because of strong treasury sales.
  • #221,716
  • Apr 7, 2010 1:24pm Apr 7, 2010 1:24pm
Quoting kingfisher
Great point Mike.

PP are great, effective and simple way to trade. I am using them in FTSE 100 and Dow Jones as well and they serve as a good guide during intra day.

I like the anti hedge system in PP.

Example: PP is 1.34 and one has taken short at 1.34. The prices reaches 1.3370 and then price starts to reverse back breaking 1.34 again. There one should exit the current short at B/E and go for a long.

I see trading as a driving in rough conditions where steering the wheel placing it in right direction takes to the destination.
how many viewing trade other financial instruments?

i only trade FX and I only trade the majors.

Mike
  • #221,717
  • Apr 7, 2010 1:28pm Apr 7, 2010 1:28pm
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  • #221,718
  • Apr 7, 2010 1:29pm Apr 7, 2010 1:29pm
Quoting acumen
how many viewing trade other financial instruments?

i only trade FX and I only trade the majors.

Mike

I trade futures...

Bonds, ES/YM (Equity Index's), Gold, Oil... A few other markets but those are the main ones.
  • #221,719
  • Apr 7, 2010 1:29pm Apr 7, 2010 1:29pm
Quoting acumen
how many viewing trade other financial instruments?

i only trade FX and I only trade the majors.

Mike
I trade fx, cfd's and futures short term. Long term stocks and bonds.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,720
  • Apr 7, 2010 1:30pm Apr 7, 2010 1:30pm
Quote
how many viewing trade other financial instruments?

i only trade FX and I only trade the majors.

Mike

Yes Mike i also trade FX but do watch FTSE and dow using daily PP..may be in future i will trade them.
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