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Trading Price Pivots

  • #381
  • Jun 29, 2011 4:27am Jun 29, 2011 4:27am
Here is another clearer shot of the second chart above with additions
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-tsl2.gif Size: 36 KB
  • #382
  • Jun 29, 2011 4:37am Jun 29, 2011 4:37am
Quoting porfirio
chantalb, have you look the 200 EMA on h1 to enter the trade?
Do you mean as in crosses and or bounces? If so not really on H1 but on higher TFs those can be quite significant
  • #383
  • Jun 29, 2011 5:05am Jun 29, 2011 5:05am
chantalb perfect ... a picture is worth a thousand words .... all very clear. thanks

IB ok .... thanks

MGCC friend ... no problem ... thanks


gbp-usd ... until tomorrow I can buy, not today. and I closed my sale
  • #384
  • Jun 29, 2011 5:12am Jun 29, 2011 5:12am
Quoting il brigante
nzdchf: moved my SL 0.6730. Now I am only risking 30 pips.

The best entry would have been just above the reversal bar indicated at the red harrow. But I do not know how. Any suggestions; Chantalb, Minka, Gmcc, Porfirio or anybody else?
Here's a thought for you
I used to often use this for scalping...
Hope it helps...
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF-IB.JPG Size: 98 KB
  • #385
  • Jun 29, 2011 5:13am Jun 29, 2011 5:13am
Home come nobody of us took this one?

IB
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.jpg Size: 60 KB
  • #386
  • Jun 29, 2011 5:19am Jun 29, 2011 5:19am
hi hapybara

in d1 cci 14 divengergence

I would expect .... Starting tomorrow and I would consider buying into
Attached Image (click to enlarge)
Click to Enlarge Name: g-u d1-h1.gif Size: 32 KB
  • #387
  • Jun 29, 2011 5:19am Jun 29, 2011 5:19am
Quoting Chantalb
Here's a thought for you
I used to often use this for scalping...
Hope it helps...
Good one.

Cheers
IB
  • #388
  • Jun 29, 2011 5:24am Jun 29, 2011 5:24am
Quoting il brigante
Home come nobody of us took this one?

IB
I have enough on my plate as it is (17 open positions)... Plus we are at the end of the month, I don't trade much then.
Looking at it, the retrace was shallow and PA not very encouraging after the PP... it would have been anyway a no trade for me since I don’t trade before Europe is there
  • #389
  • Jun 29, 2011 5:27am Jun 29, 2011 5:27am
hi IB

I don´t took it because the only retracment was 23%

tonight will expand the fibo and enters from tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: a-j d1-h1.gif Size: 33 KB
  • #390
  • Jun 29, 2011 5:29am Jun 29, 2011 5:29am
Quoting Chantalb
I have enough on my plate as it is (17 open positions)... Plus we are at the end of the month, I don't trade much then.
Looking at it, the retrace was shallow and PA not very encouraging after the PP... it would have been anyway a no trade for me since I don’t trade before Europe is there
I see.

IB
  • #391
  • Jun 29, 2011 5:34am Jun 29, 2011 5:34am
Quoting porfirio
hi IB

I don´t took it because the only retracment was 23%

tonight will expand the fibo and enters from tomorrow
I see what you mean, also happened to with audcad retraced only to 23.6 and then it just went so strong. Sometime when it gets only to 23.6 that means that is very strong. Maybe we should do something about. What do you all think?

IB
  • #392
  • Jun 29, 2011 5:36am Jun 29, 2011 5:36am
It would be very nice if we could have an indicator that shows the 3 candle highs and lows. I am working on the image to post later once done...
  • #393
  • Jun 29, 2011 5:37am Jun 29, 2011 5:37am
Quoting il brigante
I see what you mean, also happened to with audcad retraced only to 23.6 and then it just went so strong. Sometime when it gets only to 23.6 that means that is very strong. Maybe we should do something about. What do you all think?

IB
Yes I agree, but that also can take us much deeper into other levels
  • #394
  • Jun 29, 2011 5:49am Jun 29, 2011 5:49am
Quoting Chantalb
It would be very nice if we could have an indicator that shows the 3 candle highs and lows. I am working on the image to post later once done...

Try this Chantal.
Attached File(s)
File Type: mq4 3BarPattern.mq4   7 KB | 574 downloads
  • #395
  • Jun 29, 2011 5:52am Jun 29, 2011 5:52am
Quoting Chantalb
Yes I agree, but that also can take us much deeper into other levels
It's true.

I would like also to suggest this pattern that works for me very well at a turning point, and I think I have mentioned before.

I call it the "Brigante Reversal".

I think the reason it works is this: you have two bearish candles and then you have a reversal candle that cover the all previous candle body. What means is that you have many players trap on the other side that they also want to get out once they realise they are wrong pushing the trade in your direction.
Does it work all the time. NO. But it gives an edge, you will have less entries but good ones. Anyway just a thought.


BRIGANTE REVERSAL (BRL and BRH)
Brigante Reversals are well explained with candlestick charts. A Brigante Reversal Low (BRL) is explained with three candles pattern, a new low, a lower low and a higher high of CLOSE. But in many cases it is formed in 5-6 candles, but the internal candles should be mostrly inside-candles suggesting indecision. A Brignate Reversal is ONLY valid if it bounces from a key support/resistance level.

IB
  • #396
  • Jun 29, 2011 5:58am Jun 29, 2011 5:58am
[quote=il brigante;4735988]It's true.

I would like also to suggest this pattern that works for me very well at a turning point, and I think I have mentioned before.

I call it the "Brigante Reversal".

And so if you have that pattern at 23.6, maybe we can take the trade?

IB
  • #397
  • Jun 29, 2011 6:30am Jun 29, 2011 6:30am
Quoting Chantalb
It would be very nice if we could have an indicator that shows the 3 candle highs and lows. I am working on the image to post later once done...
I wish I knew coding
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-tsl indi.gif Size: 28 KB
  • #398
  • Jun 29, 2011 6:31am Jun 29, 2011 6:31am
eur-jpy beyond me yesterday after making a retracment just over 23%

due to trust my instincts and go to bounce off the trendline

better a picture
Attached Image (click to enlarge)
Click to Enlarge Name: eu-j d1-h1.gif Size: 39 KB
  • #399
  • Jun 29, 2011 6:42am Jun 29, 2011 6:42am
Quoting kapybara
Try this Chantal.
Hey thanks, dots are 3 candle PPs and arrows are entries?
  • #400
  • Jun 29, 2011 6:43am Jun 29, 2011 6:43am
Quoting porfirio
eur-jpy beyond me yesterday after making a retracment just over 23%

due to trust my instincts and go to bounce off the trendline

better a picture

Yes, I also think that was a good indication.

IB
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