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  • #741
  • Aug 8, 2011 11:03am Aug 8, 2011 11:03am
Quoting Anthar
Way to go mate!

It reacted almost to the pip on that RN, if you took it right at the touch as per the rules, you just pocketed 20 pips...

let's see if it closes below 10 ema tho'... I might not enter anymore
Hey Anthar,

I got +20p with this trade. I’m using a kind of pending orders for my entries. I placed my pending entry at 1.4248, 2 pips before RN, so it was triggered right there and I was able to get the first +20p where I closed the trade. Before retracing again the price reached +60p form my entry point!!! Despite that London was already closed. That was a good call form both of us.

One thing I noticed is that our Pivot Points are very different. I know it has to do with Broker Time Zones, mine is GMT+3, but that differences worries me because Pivot Point have a lot of weight in this system.

I tend to copy Kostas Pivots.

Please take a look at the attached image to see how my Pivot Points looks righ now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M15 2011-08-08.png Size: 30 KB
  • #742
  • Aug 8, 2011 11:30am Aug 8, 2011 11:30am
Quoting Haydel
Hey Anthar,

I got +20p with this trade. I’m using a kind of pending orders for my entries. I placed my pending entry at 1.4248, 2 pips before RN, so it was triggered right there and I was able to get the first +20p where I closed the trade. Before retracing again the price reached +60p form my entry point!!! Despite that London was already closed. That was a good call form both of us.

One thing I noticed is that our Pivot Points are very different. I know it has to do with Broker Time Zones, mine is GMT+3, but that differences worries me because...
Nicely done mate!
You're so right about the Pivot Points, this is indeed worrying as I rely on this PP's frequently when using Choros, but untill now I've had no trouble using the ones I have... I'd definitely like to have the same pivot you and kostas have... I think it's all about the start of the day for the broker mine starts a new day at GMT 0

For example I have a Daily Pivot totally different from yours... +140 pips difference, lol
Flp. 4:13
  • #743
  • Aug 8, 2011 2:02pm Aug 8, 2011 2:02pm
Quoting Anthar
Nicely done mate!
You're so right about the Pivot Points, this is indeed worrying as I rely on this PP's frequently when using Choros, but untill now I've had no trouble using the ones I have... I'd definitely like to have the same pivot you and kostas have... I think it's all about the start of the day for the broker mine starts a new day at GMT 0

For example I have a Daily Pivot totally different from yours... +140 pips difference, lol
Kostas use US close for the start of a new day, its convenient out of chance that our broker use the same, and it seems to perform rather well so far.
i certainly see reactions to the pip in cpv and S/Rs.
most indicator allow for an offset, so it wouldnt be a problem fixing yours i guess.
  • #744
  • Aug 8, 2011 2:11pm Aug 8, 2011 2:11pm
Quoting asos101
Kostas use US close for the start of a new day, its convenient out of chance that our broker use the same, and it seems to perform rather well so far.
i certainly see reactions to the pip in cpv and S/Rs.
most indicator allow for an offset, so it wouldnt be a problem fixing yours i guess.
There's no doubt that Pivot Points are dependent on the time zone. But based on my experience, the PP's defined where 5 PM EST (US) is "midnight" are the ones the market seems to pay the most attention to. Presumably this is also why Kostas uses them.
  • #745
  • Aug 8, 2011 11:19pm Aug 8, 2011 11:19pm
looks like there is a contrainment forming on eu 1hr
  • #746
  • Aug 8, 2011 11:27pm Aug 8, 2011 11:27pm
Quoting georgecv87
looks like there is a contrainment forming on eu 1hr
Noted.
Riding the order flow
  • #747
  • Aug 8, 2011 11:36pm Aug 8, 2011 11:36pm
Quoting georgecv87
looks like there is a contrainment forming on eu 1hr

Double sided, though, in H1 and H4 35/50 ping-pong zones..... Which way?

If you want a quick move ... the Aussie is the big mover... down and up over 200 pips already today! (Fast profits or fast losses????)

Interesting comment by the financial commentator on the ABC (Aussie ABC) news last night, regarding the reaction of the markets to the US credit downgrade, and the way it affected the Aussie when the Aus economy has some of the best figures in the world at the moment....

"Just goes to show that these indicators are not to be taken literally, but are signals of when to panic and act irrationally!"
  • #748
  • Edited Aug 9, 2011 12:07am Aug 8, 2011 11:48pm | Edited Aug 9, 2011 12:07am
USDCHF 15M touch at 35 MA occuring now

Update: I got out luckily at 15 pips because the price after that just turn around and would have taken me out at BE......
Riding the order flow
  • #749
  • Aug 9, 2011 12:50am Aug 9, 2011 12:50am
MAs are flat, I am taking a break. I am up 10 pip total for now....
Riding the order flow
  • #750
  • Aug 9, 2011 2:23am Aug 9, 2011 2:23am
ur right mate ...Now ping pong even on 15m eu

Quoting bigtent
Double sided, though, in H1 and H4 35/50 ping-pong zones..... Which way?

If you want a quick move ... the Aussie is the big mover... down and up over 200 pips already today! (Fast profits or fast losses????)

Interesting comment by the financial commentator on the ABC (Aussie ABC) news last night, regarding the reaction of the markets to the US credit downgrade, and the way it affected the Aussie when the Aus economy has some of the best figures in the world at the moment....

"Just goes to show that these indicators are not to be taken...
  • #751
  • Aug 9, 2011 5:15am Aug 9, 2011 5:15am
Eyes on USDCHF to SHORT

Possible retrace to M15 35/50 in confluence with Daily S1 and H1 10.

I’m concentrating on EU and GU these days but this possible USDCHF setup looks promising. We will see if the price gets there.

Happy trading.
  • #752
  • Aug 9, 2011 5:58am Aug 9, 2011 5:58am
Im watching too
Quoting Haydel
Eyes on USDCHF to SHORT

Possible retrace to M15 35/50 in confluence with Daily S1 and H1 10.

I’m concentrating on EU and GU these days but this possible USDCHF setup looks promising. We will see if the price gets there.

Happy trading.
  • #753
  • Aug 9, 2011 6:23am Aug 9, 2011 6:23am
I am also watching EURUSD for a touch at 35 MA.
Riding the order flow
  • #754
  • Aug 9, 2011 6:37am Aug 9, 2011 6:37am
Quoting Binyamin
I am also watching EURUSD for a touch at 35 MA.
Hey Binyamin,

In what Time Frame?

May be a LONG on the M15 35/50/200 in confluence with Daily Pivot? That would be risky because M15 looks to flat for me to feel comfortable. I think H1, H4 and D1 are not clear right now.

Price seems to be bouncing between Monthly Pivot and Daily Pivot and I´m not sure to which side it will break out. That may work for Ping Pong between MP and DP but that would be risky.

Any hint?
  • #755
  • Aug 9, 2011 6:39am Aug 9, 2011 6:39am
Quoting Binyamin
I am also watching EURUSD for a touch at 35 MA.
Me too... EU possible 35 touch

Pros: Possible confluence with RN
H1 in the same direction and touching 10 ema

Cons: Porcupine zone
GU is not going long (this one is a con for me, I'd rather see them go the same way)
Attached Image (click to enlarge)
Click to Enlarge Name: eu_35touchRN.jpg Size: 52 KB
Flp. 4:13
  • #756
  • Aug 9, 2011 6:43am Aug 9, 2011 6:43am
Well now GU and EU seem to be going the same way, lol
I'd be looking for a break and retest if this candle closes below 35/50 in M15

EDIT: that was weird but could've turned out well as a 50 touch... nothing clear to me right now
Flp. 4:13
  • #757
  • Aug 9, 2011 7:04am Aug 9, 2011 7:04am
USDCHF

M15 Closed below Daily S2. Now I´m looking to SHORT at M15 10 EMA or 5 EMA on bounces from S2.
  • #758
  • Aug 9, 2011 7:14am Aug 9, 2011 7:14am
Quoting Haydel
Hey Binyamin,

In what Time Frame?

May be a LONG on the M15 35/50/200 in confluence with Daily Pivot? That would be risky because M15 looks to flat for me to feel comfortable. I think H1, H4 and D1 are not clear right now.

Price seems to be bouncing between Monthly Pivot and Daily Pivot and I´m not sure to which side it will break out. That may work for Ping Pong between MP and DP but that would be risky.

Any hint?
I was talking about 15M. I agree with Anthar it is a porcupine. I wouldn't have noticed otherwise. I am just lucky again I got out with some small pips. (less than 4) I waited till it went pass the MAs and then waited for a retrace.
Riding the order flow
  • #759
  • Aug 9, 2011 7:16am Aug 9, 2011 7:16am
Quoting Binyamin
I was talking about 15M. I agree with Anthar it is a porcupine. I wouldn't have noticed otherwise. I am just lucky again I got out with some small pips. (less than 4) I waited till it went pass the MAs and then waited for a retrace.
Well done Bin, I can see no signal right now... I hate it when GU and EU don't agree in their direction, lol
Flp. 4:13
  • #760
  • Aug 9, 2011 7:18am Aug 9, 2011 7:18am
Quoting Anthar
GU is not going long (this one is a con for me, I'd rather see them go the same way)
Interesting comment, I will do some research on that.
Riding the order flow
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