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Simple fibs confluence setups

  • #41
  • Apr 7, 2010 2:35am Apr 7, 2010 2:35am
Quoting eTrader
See examples at this thread
See post number 438:
http://www.forexfactory.com/showthre...212301&page=30

eTrader,
Hello eTrader,
  • #42
  • Apr 8, 2010 11:43am Apr 8, 2010 11:43am
I try to add some Murrey Math to my S/R levels:
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  • #43
  • Apr 8, 2010 1:45pm Apr 8, 2010 1:45pm
great! will follow
  • #44
  • May 23, 2010 9:24pm May 23, 2010 9:24pm
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  • #45
  • May 23, 2010 9:39pm May 23, 2010 9:39pm
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Trend line, daily pivot, 50 fib, ma 200 and MM just above.
  • #46
  • May 24, 2010 1:35am May 24, 2010 1:35am
Good afternoon sir,
I can understand the confluence part, but the pivot and R1, R2, S1, S2 i only know R and S represents resistance and support, but how do you actually find it? do you have any books to recommend so i can go read up on pivot points? Thank you for your time.
  • #47
  • May 24, 2010 12:05pm May 24, 2010 12:05pm
Quoting Bethel
Good afternoon sir,
I can understand the confluence part, but the pivot and R1, R2, S1, S2 i only know R and S represents resistance and support, but how do you actually find it? do you have any books to recommend so i can go read up on pivot points? Thank you for your time.
There are different formulas for calculating the daily P,S and R.
Most of the formulas use similar calculation for the pivot:
PivotPoint =(YesterdayHigh + YesterdayLow + YesterdayClose)/3
Also you can open the indicator with the "meta editor" to see what formula is used for the pivots indicator.
Some of the threads i opened regarding this:
http://www.forexfactory.com/showthread.php?t=227959
http://www.forexfactory.com/showthread.php?t=228584
Acuman's thread:
http://www.forexfactory.com/showthread.php?t=98028
I hope it helps.

Constin
  • #48
  • May 24, 2010 1:34pm May 24, 2010 1:34pm
thanks constin, will follow up on this thread, thank you for sharing!
  • #49
  • Last Post: May 25, 2010 12:30pm May 25, 2010 12:30pm
Quoting constin
Attachment
I started to use short pivots since my charts will be more clean and also I can add other analysis . If you like short pivots you can get it from here:
http://www.forexfactory.com/showpost...ostcount=17863

Thanks to Traderathome.

Constin

Hi mr. Constin, will you enlighten me on the diff between traderathome's pivot indicator and yours? it seems different but why? appreciate your help big time and thank you for your time! ^.^

Bethel
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