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Trading Price Pivots

  • #181
  • Jun 22, 2011 3:55am Jun 22, 2011 3:55am
one weekly chart following your system market still bearish and the up move is simple a small correction for more down to come ... am i right ? or still not following the spirit of your thread
Attached Image (click to enlarge)
Click to Enlarge Name: chantal system on sloww motion weekly chart.JPG Size: 48 KB
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  • #182
  • Jun 22, 2011 4:06am Jun 22, 2011 4:06am
Short audnzd. I think I am going to have an hard time with this one, yesterday price have bounced from the 1.30, now price is having a go again, let see...

I got stopped out on gbpaud, lost about 40 pips. Ranging market.?!?!

I am still in with cadjpy and eurjpy both long.

I have decided not to move my SL to BE as soon as I gain me risk, but to trail it above/below the daily.

IB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: hourly.jpg Size: 73 KB
Click to Enlarge Name: daily audnzd.jpg Size: 73 KB
  • #183
  • Jun 22, 2011 4:22am Jun 22, 2011 4:22am
Quoting il brigante
Short audnzd. I think I am going to have an hard time with this one, yesterday price have bounced from the 1.30, now price is having a go again, let see...

I got stopped out on gbpaud, lost about 40 pips. Ranging market.?!?!

I am still in with cadjpy and eurjpy both long.

I have decided not to move my SL to BE as soon as I gain me risk, but to trail it above/below the daily.

IB
Concentrate on few charts, like maximum one or 2 or 3 the best are eurusd, gbpusd, gold.
eurusd to hunt 50 pips per day
gbpusd to hunt 100 pips per day
gold 400 or 500 pips per day


Concentrate on few charts trading is not buying vegetables lol
Forex
  • #184
  • Jun 22, 2011 5:19am Jun 22, 2011 5:19am
Quoting sidefx
...i'll be testing a short from this level after some further confirmation.
...i entered short last night with an initial stoploss above yesterday's high, just as well with the Asian run up overnight. I liked the confluence of fib levels and the round number (1.4400) and of course now we see a short 123 developing (yet to break) from these levels on the hourly.
Attached Image (click to enlarge)
Click to Enlarge Name: EU2206111hrb.GIF Size: 179 KB
  • #185
  • Jun 22, 2011 6:55am Jun 22, 2011 6:55am
I've been studying because I think the strategy is very good

perfect correlation of formation price pivot in D1-H1 as we have seen.

and I realized that this relations also occurs in W1-H4...

so I guess I should differentiate between w1-h4 and d1-h1 ... which so far had not made
Attached Image(s) (click to enlarge)
Click to Enlarge Name: price pivot --2---w1-h4...gbp-usd w1.-.gif Size: 26 KB
Click to Enlarge Name: price pivot --2---w1-h4.-.gbp-usd h4-.-..gif Size: 33 KB
  • #186
  • Jun 22, 2011 6:57am Jun 22, 2011 6:57am
and eu-usd...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: price pivot ---w1-h4....eu-usd w1.gif Size: 26 KB
Click to Enlarge Name: price pivot ---w1-h4...eu-usd h4--.-gif.gif Size: 34 KB
  • #187
  • Jun 22, 2011 7:03am Jun 22, 2011 7:03am
sorry.... triangle eu-usd h4 is this....
Attached Image (click to enlarge)
Click to Enlarge Name: price pivot ---w1-h4...eu-usd h4--.-gif.gif Size: 32 KB
  • #188
  • Jun 22, 2011 7:14am Jun 22, 2011 7:14am
Quoting Prochartist
Concentrate on few charts, like maximum one or 2 or 3 the best are eurusd, gbpusd, gold.
eurusd to hunt 50 pips per day
gbpusd to hunt 100 pips per day
gold 400 or 500 pips per day


Concentrate on few charts trading is not buying vegetables lol
Maybe you are interested in buying some valium?

IB
  • #189
  • Jun 22, 2011 7:25am Jun 22, 2011 7:25am
Apparently my nzdusd short is not doing that bad.

All The Best
Il Brigante
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.jpg Size: 84 KB
  • #190
  • Jun 22, 2011 7:38am Jun 22, 2011 7:38am
prochartist hi .... a question please .... QQE adv indcator repaints?

know that has nothing to do with the thread but not send private messages

thanks
  • #191
  • Jun 22, 2011 7:43am Jun 22, 2011 7:43am
Unfortunately I cannot post charts here as I am at work for now ... but one quick question: Do we actually have a price pivot in the 1 H Chart at the bottom ?

I refer to the candle 3 hours ago with its low at about 1,4353, after that candle we might - if my view is true - see a confirmation candle and the present hourly candle shows a retracement .... Is my view trew or arguable ?

Thanks!
  • #192
  • Jun 22, 2011 8:03am Jun 22, 2011 8:03am
Thanks brigante

was indeed a good entry d1-h1 ... every time I see it more clearly
Attached Image (click to enlarge)
Click to Enlarge Name: d1-h1 aus-nza.gif Size: 31 KB
  • #193
  • Edited 9:12am Jun 22, 2011 8:03am | Edited 9:12am
Quoting Dortmunder
Unfortunately I cannot post charts here as I am at work for now ... but one quick question: Do we actually have a price pivot in the 1 H Chart at the bottom ?

I refer to the candle 3 hours ago with its low at about 1,4353, after that candle we might - if my view is true - see a confirmation candle and the present hourly candle shows a retracement .... Is my view trew or arguable ?

Thanks!
Yes, this is correct, as it was for the hrly swing low before the one you refer to, too My bias from higher TFs is to the downside, so i'm only trading short at the moment....good luck if you take the long, 1.4500 will probably act as a magnet before too long if it doesn't break harder below 1.4400...lots of dilly-dallying before FOMC, not an ideal day to take new positions.

Edit: If the hour closes above 1.4400 i'll cut my losses on this short...too close to FOMC volatility to bother holding longer. Exited for -54.
  • #194
  • Jun 22, 2011 8:51am Jun 22, 2011 8:51am
Thanks for your helpful contribution!

This "dilly-dallying" was the case yesterday too and I am rarley sure about my personal bias what means ... I should stay flat

But concerning the described constellation I could not resist to try the entry and saved me some pips with an early exit ...
  • #195
  • Jun 22, 2011 5:07pm Jun 22, 2011 5:07pm
Quoting porfirio
Thanks brigante

was indeed a good entry d1-h1 ... every time I see it more clearly
Very well.

IB
  • #196
  • Jun 22, 2011 5:37pm Jun 22, 2011 5:37pm
thanks friend

eur-jpy... w1-h4

should have entered a couple of weeks ago, in the 50-fib
but this bouncing off the 70 ema and sma 200 .... even the area of 23 fib I think it has run down
Attached Image (click to enlarge)
Click to Enlarge Name: eur-jpy ...w1-h4.gif Size: 37 KB
  • #197
  • Jun 22, 2011 6:30pm Jun 22, 2011 6:30pm
Quoting porfirio
thanks friend

eur-jpy... w1-h4

should have entered a couple of weeks ago, in the 50-fib
but this bouncing off the 70 ema and sma 200 .... even the area of 23 fib I think it has run down
Porfirio

Could you zoom in your pics, I found them difficult to interpret...

I am also looking to go short usdjpy if a reversal opportunity occurs.

All The Best
Il Brigante
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 66 KB
  • #198
  • Jun 22, 2011 11:15pm Jun 22, 2011 11:15pm
I am in usdjpy short.

Chantalb and all the others.

To make this forum interesting, I suggest that with all post our entries with comments of why we enter the trade with the following exit, not only the winning ones but more importantly the losing ones, so we can see how the others trade and learn from that. Otherwise we only talk about opinions and theories which I am no interested in. Please let me know that you think.

I am also looking at eurusd, eurjpy, usdcad, gpusud and gbpaud.

Cheers
Il Brigante
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy short.jpg Size: 73 KB
  • #199
  • Jun 23, 2011 2:22am Jun 23, 2011 2:22am
hi brigante

usd-jpy I see it in the long ... buy

w1-h4 observed
Attached Image (click to enlarge)
Click to Enlarge Name: usd-jpy w1-h4.gif Size: 24 KB
  • #200
  • Jun 23, 2011 2:27am Jun 23, 2011 2:27am
and h4...
Attached Image (click to enlarge)
Click to Enlarge Name: usd-jpy w1-h4-h4-.gif Size: 32 KB
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