EURUSD

Anyone has auto pivots indicator for daily? I'm using lc_pivots indi but it seems it calculation is based on fibonacchi pivot. I check the value for each pivots level on actionforex and it's not the same for standard daily pivots.

I use this

2766 is on this chart and a portion of 2799... you can see the action currently at 2691/92 ... its a mufu for 2766 also. almost to the pip. if i did a # 3 it would be much higher

im going against this chart.. and shorting.. 2691 is a conception fib. its the center fib between 2777 and 2605..

If it cant return back to visit 1.2665 it will head up to 1.2715 and 1.2735.
Would be quite interesting then...

Latter would be nice to sell.

http://cdn.forexfactory.com/images/attach/pdf.gif

2010-08-31_European Forex Technicals (08h29 CET) 001.pdf (12.6 KB)



European Forex Technicals: New EUR/CHF Lows Towards 1.2806
31 Aug 2010, 08:29

By Francis Bray
A DOW JONES NEWSWIRES COLUMN


LONDON (Dow Jones)



Intraday EUR/USD: Extends the setback off last Friday's high at 1.2780 following the probe below 1.2659, and is close to key support levels at 1.2632 and 1.2608. 1.2632 represents the 76.4% retracement level of the four-day 1.2588/1.2780 rally, and the 1.2608 higher low will look to defend the August 24 low at 1.2588. The 1.2716 level has become near-term pivotal resistance, and only above there would provide respite; opening 1.2740.

Weekly chart EUR/USD trend: Bearish.



Intraday USD/JPY: The sharp bear wave off Monday's peak at 85.91 is probing beneath 84.27, and is creating scope for a return to the August 24 15-year low at 83.58. A wave equality target lies just below there at 83.48. Only regaining ground above the 84.84 lower high would question the bearish outlook; opening 85.05 and 85.16.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: The setback off last Friday's high at 1.5597 is closing in on support at 1.5443, and the support line of a bull flag lies at 1.5421 for Tuesday. GBP bulls will be keen to keep 1.5421 intact; to build on the positive weekly doji candle which touched a low of 1.5371, and is protected by a higher low at 1.5389. A break above 1.5535 is required to lift the tone and re-open the 1.5575/1.5597 highs.

Weekly chart GBP/USD trend: Bearish.



Intraday USD/CHF: Last week's seven-month low at 1.0220 is under renewed bear pressure, and a break below there is looking likely Tuesday. A minor downside target lies at 1.0165, but there is scope for the 29-month bull support line at 1.0075 on concerted weakness. Regaining ground above 1.0267 is required to defer the bearish outlook, creating scope for corrective strength towards Monday's high at 1.0310.

Weekly chart USD/CHF trend: Bearish.



Intraday AUD/USD: Corrects lower off Monday's high at 0.9029 after confirming a bear failure low at 0.8770, and support at 0.8895 is expected to limit consolidation Tuesday. A break above 0.8975 would bring the focus back onto the 0.9029 high, and threaten further strength towards the August 17 lower high at 0.9079. Only below 0.8895 would concern bulls and re-expose the 0.8770 low.

Weekly chart AUD/USD trend: Range.


* The pivot is the sum of the high, low and close divided by 3.



;-)

it's weird if the rally reverses before crossing 1.27 at least once.

not really

closed USD/CHF short @ 1.0183, though I will probably get back for another leg down.

Id like that, but thats more like knowing the future then trading.

Sell @ 1.2714 TP: 1.2606

Again SL optional.

No, it's like hunting. You don't shoot everything that moves. You don't have to. You just need to wait for an opportunity. Some opportunity. It will come to you - there's a lot of game out there.

In forex it's much easier to get what you need (profit wise) - increase your position size and try to catch smaller number of pips. The more you try to grab, the longer you have to stay exposed to possible reversals.

when u did that?

There is a superb article (amongst many) on the blog of one of the founders of OANDA (olsenblog I seem to recall): he says there is the possibility of 1600% gain on a single currency pair each year. Good hunting!

Time machine. You should get one. Trust me.

Setup cooking on upside on GU and Crude.

they sell it on e-bay?

Nautilus NTS Time Machine

http://cgi.ebay.com/Nautilus-NTS-Tim...item563d057d38

it's my favourite. Max time into the future - 3,2 years (yes, I know - not too much), max time into the past - 11,3 years (21,2 with the new update - must add +2300$ to the original price).

If you're a beginner, it should be enough. Have fun!

glad that i didnt took a short here puf.... and mad that i didnt took a long at the botom... next time ill turn off my cellphone to cut the coffee things

looks like 700, 715 is going next..

Haven't yet...IF DONE>>>>

2695 theres the pivot, and the price is not breaking it...
I will add a short here