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  • #222,701
  • Apr 9, 2010 12:13am Apr 9, 2010 12:13am
Quoting gatorinla
3324 is st... just a move in a move in many moves..

you got a hs on the 30 posibility atm
looks good atm
  • #222,702
  • Apr 9, 2010 12:17am Apr 9, 2010 12:17am
Quoting ashlee_17
Hey all, does anyone have any figures of average monthly personal income generated by forex trading?
i dont think anyone tracts that.. but im sure its a negative number.. if you take every individual who trades forex excluding banks ect,
those who can, do. those who cant, talk about those who can
  • #222,703
  • Apr 9, 2010 12:19am Apr 9, 2010 12:19am
AK4X, I have a question. I am bearish on the pair but I have been trying pivot pionts on a demo account. I have been reading that when the pair opens above pivot this means a bullish day.. What do you think of this.. Thanks
  • #222,704
  • Apr 9, 2010 12:21am Apr 9, 2010 12:21am
now is the time to buy euros
  • #222,705
  • Apr 9, 2010 12:22am Apr 9, 2010 12:22am
Quoting PriceVolume
I'm watching that too. I'd like to see the former consolidation bottom at 3340 breached. I see a weak trendline around there, too.
Lets see if any breach there . market may not be any hurry doing all those breaks down now & validation hs happening right now to test us wanting the breaks .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #222,706
  • Apr 9, 2010 12:24am Apr 9, 2010 12:24am
Quoting Iplus3
I have been reading that when the pair opens above pivot this means a bullish day.. What do you think of this.. Thanks
I've heard that... I believe it essentially gets said by folks that either don't understand pivots in todays market environment, or it got said along time ago and is simply not valid anymore.

I certainly don't trade them that way, and can't even imagine doing so.

Anyway, I got some tradin to do here for awhile...
FUBAR...
  • #222,707
  • Apr 9, 2010 12:26am Apr 9, 2010 12:26am
Quoting fontu
Lets see if any breach there . market may not be any hurry doing all those breaks down now & validation hs happening right now to test us wanting the breaks .
fontu
Might recoil to around 3350. Then we see what's what.
  • #222,708
  • Apr 9, 2010 12:27am Apr 9, 2010 12:27am
Bulls wake up!!! #468
  • #222,709
  • Apr 9, 2010 12:27am Apr 9, 2010 12:27am
Quoting ak4x
I've heard that... I believe it essentially gets said by folks that either don't understand pivots in todays market environment, or it got said along time ago and is simply not valid anymore.

I certainly don't trade them that way, and can't even imagine doing so.
Good that makes me feel better, I think do to my own Analysis we will be bearish on the day.. I take it a sustained break of the Pivot would be a bearish sentiment.......
  • #222,710
  • Apr 9, 2010 12:28am Apr 9, 2010 12:28am
can i pitch in too? I use PP very often. it is not always that straighforward. dont always buy
when price above PP work.

What you need to do is, determine the direction based off some other critriea like for example lets
us say GBPJPY During last 2 weeks on daily Time frame.

Trend was up.

Then use PP only as a reference point to enter the trades on intra day basis.

Otherise PP could burn you if you go long in downtunr or vice versa.

Quoting Iplus3
AK4X, I have a question. I am bearish on the pair but I have been trying pivot pionts on a demo account. I have been reading that when the pair opens above pivot this means a bullish day.. What do you think of this.. Thanks
Its all in the mind.
  • #222,711
  • Apr 9, 2010 12:28am Apr 9, 2010 12:28am
Does that ever work? I mean the screaming to wake up part?
Quoting TheLastCoke
Bulls wake up!!! #468
  • #222,712
  • Apr 9, 2010 12:30am Apr 9, 2010 12:30am
Quoting PriceVolume
Does that ever work? I mean the screaming to wake up part?
I hope, for the sake of my long. Tight SL, High RRR
  • #222,713
  • Apr 9, 2010 12:31am Apr 9, 2010 12:31am
Quoting TheLastCoke
Bulls wake up!!! #468
yes I want it to break so I can short this baby.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #222,714
  • Apr 9, 2010 12:31am Apr 9, 2010 12:31am
Quoting ashlee_17
Hey all, does anyone have any figures of average monthly personal income generated by forex trading?
average of the sum of all who think they are fx traders is probably a large negative number
  • #222,715
  • Apr 9, 2010 12:32am Apr 9, 2010 12:32am
Quoting Iplus3
I take it a sustained break of the Pivot would be a bearish sentiment.......
Well I'm already bearish but yeah... that's one way to look at it.,. Today. Tomorrow could be different. Better to go back and study the bounces from upper pivot to lower pivot.
I call it a Turn and Burn... it can do that round robin thing a couple times per session in an active ranging session with wide tops and bottoms. My siggy links to some thoughts on the subject.

There's really no predicting it anymore or rarely so. It's pivot by pivot by pivot...
FUBAR...
  • #222,716
  • Apr 9, 2010 12:33am Apr 9, 2010 12:33am
Quoting TheLastCoke
I hope, for the sake of my long. Tight SL, High RRR
so far its working for you well done
Trade on your own risk Plan your trade&trade your plan dont be a
  • #222,717
  • Apr 9, 2010 12:34am Apr 9, 2010 12:34am
Quoting 5abi
can i pitch in too? I use PP very often. it is not always that straighforward. dont always buy
when price above PP work.

What you need to do is, determine the direction based off some other critriea like for example lets
us say GBPJPY During last 2 weeks on daily Time frame.

Trend was up.

Then use PP only as a reference point to enter the trades on intra day basis.

Otherise PP could burn you if you go long in downtunr or vice versa.
Thank you 5abi, my trading style is as simple as it gets with S&R along with candles and U's. I am trying to put together another system. Doing it on a demo for a couple of months. Pivot have always been a thought but now putting them to the test. AK4X and Acumen swear by them so I am giving them a try.. I have been reading up on them for the last couple of days.. Any input would be appreciated..
  • #222,718
  • Apr 9, 2010 12:37am Apr 9, 2010 12:37am
Quoting ak4x
Well I'm already bearish but yeah... that's one way to look at it.,. Today. Tomorrow could be different. Better to go back and study the bounces from upper pivot to lower pivot.
I call it a Turn and Burn... it can do that round robin thing a couple times per session in an active ranging session with wide tops and bottoms. My siggy links to some thoughts on the subject.

There's really no predicting it anymore or rarely so. It's pivot by pivot by pivot...
I'm a moron, yesterday you had mentioned your sigy and I thought you where just tiered or just needed a cigarette,,, lol.. Now I see what you mean.. I will check out right now...
  • #222,719
  • Apr 9, 2010 12:37am Apr 9, 2010 12:37am
short at 1.33460
tp 1.32867
sl 25pips
  • #222,720
  • Apr 9, 2010 12:38am Apr 9, 2010 12:38am
it suffice to say I cannot "see" without pivots. they are my headlights in the fx jungle.

Wish you best for ur strategy---i regrad PP as dynamic s/r. Pick one direction and play the breakouts. i could literally count the times it did not work since i started using them.

one more thing, combin DP with monthly Pivots or other s/r areas. see the magic happen.



Quoting Iplus3
Thank you 5abi, my trading style is as simple as it gets with S&R along with candles and U's. I am trying to put together another system. Doing it on a demo for a couple of months. Pivot have always been a thought but now putting them to the test. AK4X and Acumen swear by them so I am giving them a try.. I have been reading up on them for the last couple of days.. Any input would be appreciated..
Its all in the mind.
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