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  • #308,181
  • Oct 17, 2010 5:33pm Oct 17, 2010 5:33pm
Quoting T@rantula
A lot of confluence around 3950 level. Excellent for a buy trigger. But we will see.
Attachment
what i did was based on normal pa math.. average range study of ma over the 11 years. gartly... and usdx - the gartly..but plus its just above a tl without hitting it.. if you get a strong reversal sign please post it.. i have one on the dailys cic 2.5 times above a normal setting strength (bearish). but st atm i have a bull one on 5m tf usually good for 50 pips at least when the daily agrees. since the daily disagrees i will add to shorts if or when short term signal rolls over..
those who can, do. those who cant, talk about those who can
  • #308,182
  • Oct 17, 2010 5:33pm Oct 17, 2010 5:33pm
Quoting brighty3k
thanks so much man...[ls can i get a little info on how to use this indicator?
sorry canot help you there.. it chewed up so much memory and i run a xeon processor custom trading computer , that I deleted it.
Blogging daily now at www.volume.zone
  • #308,183
  • Oct 17, 2010 5:35pm Oct 17, 2010 5:35pm
Quoting Mr Hatch
hi pipi,

http://www.actionforex.com/markets/p...2010040848154/. try those, until someone can tell you how to treat the sunday hours. even my pivot-indi always differs from them, and they're as accurate as can be. there seem to be different approaches to sunday's data.
There is no sunday hours.. or saturday hours (if you are located in austrailia).. the daily bar starts at GMT 22:00 and ends with new york GMT 21:59
  • #308,184
  • Oct 17, 2010 5:36pm Oct 17, 2010 5:36pm
Quoting Pipwanderer
So how do you calculate your pivot points based on fridays candle for mondays? i am a little confused
i don't, on sundays, i take those posted on actionforex. usually i don't calculate them at all, because monday to friday, my indi works just fine. it just sunday's data when my indi is a handful of pips off.
  • #308,185
  • Oct 17, 2010 5:38pm Oct 17, 2010 5:38pm
Quoting Mr Hatch
the strong weakness could be needed to pass the crosses and channel-barriers to the downside. let's wait and see.


It will happen. If we do not have a top in place , we should be very close.
  • #308,186
  • Oct 17, 2010 5:39pm Oct 17, 2010 5:39pm
Quoting Pipwanderer
So how do you calculate your pivot points based on fridays candle for mondays? i am a little confused
Unless you have a new high or a new low on sunday, there's no question : use friday's values. If you have a new high/low on sunday, you may ignore it or use it instead of friday's value.
Don't just be a sheep : make your own idea of it.
  • #308,187
  • Oct 17, 2010 5:39pm Oct 17, 2010 5:39pm
Quoting frankiev2
There is no sunday hours.. or saturday hours (if you are located in austrailia).. the daily bar starts at GMT 22:00 and ends with new york GMT 21:59
so what it is best to use friday's candle as a good benchmark for pivot points?
  • #308,188
  • Oct 17, 2010 5:41pm Oct 17, 2010 5:41pm
Quoting Mr Hatch
i don't, on sundays, i take those posted on actionforex. usually i don't calculate them at all, because monday to friday, my indi works just fine. it just sunday's data when my indi is a handful of pips off.
ok that is nice are you a fibo trader?
  • #308,189
  • Oct 17, 2010 5:42pm Oct 17, 2010 5:42pm
Quoting gatorinla
what i did was based on normal pa math.. average range study of ma over the 11 years. gartly... and usdx - the gartly..but plus its just above a tl without hitting it.. if you get a strong reversal sign please post it.. i have one on the dailys cic 2.5 times above a normal setting strength (bearish). but st atm i have a bull one on 5m tf usually good for 50 pips at least when the daily agrees. since the daily disagrees i will add to shorts if or when short term signal rolls over..
does this daily candle qualify as a bearish engulfing? per definition, it needs a bit of mind tweeking...

Quote
The Bearish Engulfing pattern (Fig.3.9) have a distinct pattern. As you can see the engulfing bearish line is signaled where a black candle's real body completely covers the previous white candle's real body. It is important to note that the opening is higher than the first candles real body and the close is below the first candles middle portion of the body. The engulfing bearish pattern occurs during an up trend. It signifies that the momentum may be shifting from the bulls to the bears.
Attached Image
  • #308,190
  • Oct 17, 2010 5:44pm Oct 17, 2010 5:44pm
Quoting kassec
Unless you have a new high or a new low on sunday, there's no question : use friday's values. If you have a new high/low on sunday, you may ignore it or use it instead of friday's value.
thanks kass,
Happy Trading...what is your sentiments on the eurusd usd found support and i think will be very strong this week.
  • #308,191
  • Oct 17, 2010 5:45pm Oct 17, 2010 5:45pm
Quoting enterfx
It will happen. If we do not have a top in place , we should be very close.
i think there is a top for a good while retracments to the downside is more likely but as you know we need it to go up in wave b to the upside which will be in 3 waves before we look to short it to get wave c to the downside and that will be the first leg ar wave a at 1.3775 .
  • #308,192
  • Oct 17, 2010 5:45pm Oct 17, 2010 5:45pm
Quoting gatorinla
what i did was based on normal pa math.. average range study of ma over the 11 years. gartly... and usdx - the gartly..but plus its just above a tl without hitting it.. if you get a strong reversal sign please post it.. i have one on the dailys cic 2.5 times above a normal setting strength (bearish). but st atm i have a bull one on 5m tf usually good for 50 pips at least when the daily agrees. since the daily disagrees i will add to shorts if or when short term signal rolls over..
so nothing on 1.4
I find it very important.
as much time as price stay below. the bearish it is.

we opened at a gap of 1.4 today sold and close the gap now below.

we might see 1.3900 in a day o two

i am still long nothing short on E/U but friday close below 1.4 was bearish. it's still is. price has to go above.
the faster the better.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #308,193
  • Oct 17, 2010 5:45pm Oct 17, 2010 5:45pm
Quoting Mr Hatch
does this daily candle qualify as a bearish engulfing? per definition, it needs a bit of mind tweeking...
From my Knowledge the wick is considered as engulfing...i thought it was the whole candle body.sources are saying the wicks are included
  • #308,194
  • Oct 17, 2010 5:45pm Oct 17, 2010 5:45pm
Quoting Pipwanderer
so what it is best to use friday's candle as a good benchmark for pivot points?
There's good indicators out there where you can specify what GMT zone your broker is at and it will correctly calculate the pivos after it corrects the diffrence between the actual trading day and the brokers offset time.
  • #308,195
  • Edited 6:14pm Oct 17, 2010 5:46pm | Edited 6:14pm
00:00 am Eur breaks resistance at 4035
3am 4120 resistance and pullback 4000/3980
9am 4130/40 resistence pull back to 4110
12pm 4110 to 4168/78 4pm pullback to 4080
8pm 4080
Tomorrow up to 2225
Invalid under 2940
I know your thinking, what a load off bull.
Founder of Sutherland Wave Principle
  • #308,196
  • Oct 17, 2010 5:46pm Oct 17, 2010 5:46pm
Quoting Mr Hatch
does this daily candle qualify as a bearish engulfing? per definition, it needs a bit of mind tweeking...
Inserted Video
those who can, do. those who cant, talk about those who can
  • #308,197
  • Oct 17, 2010 5:49pm Oct 17, 2010 5:49pm
Quoting gatorinla
http://www.youtube.com/watch?v=q77CUI8AeHk
hi Gator,
do you use pivot points in you plan and do you consider sundays as part of your fridays open and close
  • #308,198
  • Oct 17, 2010 5:54pm Oct 17, 2010 5:54pm
Quoting DMA Trader
so nothing on 1.4
I find it very important.
as much time as price stay below. the bearish it is.

we opened at a gap of 1.4 today sold and close the gap now below.

we might see 1.3900 in a day o two

i am still long nothing short on E/U but friday close below 1.4 was bearish. it's still is. price has to go above.
the faster the better.
My target is 1.40190 but i think it could go around 1.405

what do ya think?
  • #308,199
  • Oct 17, 2010 5:57pm Oct 17, 2010 5:57pm
Quoting bobrubin
My target is 1.40190 but i think it could go around 1.405

what do ya think?
don't have upside targets maybe 1.43 -1.45 i use dynamic levels and i scale in and out depending on my levels. there. I'm still on buying dip mode and I want to see 1.39 or even below for a swing above friday high.

if 1.38 doesn't hold than we get a bigger correction.

not looking to short for now.
maybe a scalp or two later on if i get some setups.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #308,200
  • Oct 17, 2010 5:58pm Oct 17, 2010 5:58pm
Quoting Mr Hatch
does this daily candle qualify as a bearish engulfing? per definition, it needs a bit of mind tweeking...
it you were able to do an 8hr chart it was bearish engulfed 2 closes ago..
those who can, do. those who cant, talk about those who can
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