Two Tube Trading

EURUSD, M15, 2012 Mai 22

PO Short @ 1.2779 (DPV)

#1820

Hi charvo!
That's life!
FXcube

EURUSD, M1, 2012 Mai 22

Short @ 1.2771

#1823

EURUSD, M1, 2012 Mai 22

Exit @ 1.2757 (mS1)

Profit: +14 Pips

#1819

EURUSD, M1, 2012 Mai 22

Exit @ 1.2754

Profit: +17 Pips

EURUSD, M15, 2012 Mai 22

Short @ 1.2758

#1826

EURUSD, M1, 2012 Mai 22

Exit @ 1.2751

Profit: +7 Pips

EURUSD, M30, 2012 Mai 22

Short @ 1.2755

Hi FX Cube,

Looking at your chart i saw that i have a diff. on the Pivots.
I have a Template running on my MT4 which i downloaded from your post here.

How it comes?

Ex. On your chart DPV is today 1.2779, mine is 1.2789.

Any help, suggestion?

Thanks in advance

PIP10T

EURUSD, H4, 2012 Mai 22

H4 could go further down.

...Scalping here and there.

#1828

EURUSD, M1, 2012 Mai 22

Exit @ 1.2750

Profit: +5 Pips

#1829

Hi pip10trader!
In detail, ...I give you one of these thousands links to this topic:
If you will read more you could yahood it, ...e.g. "pivotal different at brokers" (990'000 results)
Hope it helps!
Good Luck!
FXcube


__

There are several different sets of formulas for calculating pivot levels. Various brokers may offer pivots calculated in various different ways. It's a good idea to find out exactly what formulas your broker is using, and whether your broker offers a choice of formula sets.

Some formula sets use the OPEN, along with the HIGH, LOW, and CLOSE, in calculating the pivot. Some have a different way of calculating all of the support and resistance levels. And some include additional support and resistance levels, S4 and R4.

Here are some of the names commonly applied to different sets of pivot formulas: Classic Pivots, Camarilla Pivots, Fibonacci Pivots and Woodie Pivots. In additional to these well-known formula sets, any number of custom variations could be concocted by venturesome traders.

Most brokers and most traders use the Classic pivot point formulas listed below. But, beware of certain websites or brokers who use a slightly different set of formulas and call them "classic pivot point formulas". One such is the website mypivots.com, which uses different formulas for R3, R4, S3 and S4 --- but refers to their formulas as the "classic" pivot point formulas.


Here are the "Classic" pivot point formulas, as used by most brokers and traders:

 

1. P = (H + L + C) / 3
2. S1 = 2P - H
3. S2 = P + L - H
4. S3 = 2P + L - 2H
5. R1 = 2P - L
6. R2 = P + H - L
7. R3 = 2P + H - 2L

In addition to these 7 pivot levels, 6 intermediate pivot levels are often calculated: SM1 halfway between P and S1, SM2 halfway between S1 and S2, SM3 halfway between S2 and S3; and RM1 halfway between P and R1, RM2 halfway between R1 and R2, and RM3 halfway between R2 and R3. Don't be confused if you see these intermediate pivot levels labeled differently from the way I have labeled them --- there are no universally accepted labels for these intermediate levels.

_________________________________

If you choose to use daily pivots, as I do, then you have to define what a "day" is. You could use midnight-to-midnight in your local time zone. Or you could use midnight-to-midnight GMT. Or you could use some other 24-hour period.

I believe that the optimum "day" is one which opens and closes at 5pm New York time.

That's because, in the 24-hour worldwide forex market, 5pm New York time is the closest thing we have to the end of one trading day, and the beginning of the next trading day. At 5pm New York time, the normal business day has ended in Europe and in North America; the business day has not yet started in Asia; and only New Zealand and Australia are open for business. Generally, the lowest trading volume of the entire 24-hour trading day occurs in the hour between 5pm and 6pm New York time.

5pm in New York is 21:00 GMT in (northern hemisphere) summer, when the U.S. is on daylight saving time; and it's 22:00 GMT in the winter, when the U.S. is on standard time.

If you are not in the eastern U.S. time zone, then you need to make the appropriate adjustments so that your pivot points are based on daily charts which open and close at 5pm New York time.

_________________________________

If you are quick with your pocket calculator, you can calculate all of the main pivot levels, plus the intermediate pivot levels, in a few minutes. But, there are websites which will do it for you:

Forex Pivot Point Calculator --- This site uses the formulas shown above; they appear to be different, but a little algebra will confirm that they are the same. You have to type in the H, L and C for the time frame you are using, and the site will do the calculations for you, and display the results.

http://www.mypivots.com/Education/to...ot-calculator/ --- This site offers you 8 different ways to calculate P; two ways to calculate S1, S2, R1 and R2; three ways to calculate S3 and R3; and two ways to calculate S4 and R4. As noted above, be aware that the "classic" formulas offered on this site are slightly different from the "classic" formulas most brokers and traders use.

Forex Pivot points - Mataf.net --- This site has a calculator very similar to fxstreet, above, but with a cool added feature: you enter a time zone, and it will automatically calculate the pivot levels for 30 currency pairs. These calculations are based on a 24-hour time-frame from midnight to midnight in the time zone that you specify.

In order to make this calculator furnish daily pivots based on 5pm New York time, you have to enter GMT+2 as the time zone in the winter, and GMT+3 as the time zone in the summer. (In other words, 5pm in New York is midnight at Castle Dracula in Transylvania.)

_________________________________

Here's a good article on using pivot points in your trading:

Pivot Point Trading by Mark McRae - Surefire Forex Trading

_________________________________

Read more: http://forums.babypips.com/newbie-is...#ixzz1vcCUeamf

EURUSD, M5, 2012 Mai 22

Long @ 1.2717, Target @ 1.2755

Set SL.

I had very bad results last week with this technique.

my problem was that I was using other pairs and performing some experiments.

from now on I will focus solely on my favorite pair; eurjpy...

regards!

EURUSD, M1, 2012 Mai 22

Example

Scalping Trade within the pivotals range by increased vola.

#1834

Good grief!
You can't find the holy grail in trading systems. Benefit from MTFA.
FXcube

EURUSD, H1, 2012 Mai 22

Long @ 1.2682, Target @ 1.2750

Set SL.

EURUSD, H1, 2012 Mai 22

Long @ 1.2658 (mS3), Target @ 1.2734 (DS1)

long 2665.. diverges on 15 min and 1 hr also corresponding divergs on USDX and EURX..also on EUUD.. day week and mthly Fibo pivots at or around current lo2644

#1838

Exit @ 1.2644

Loss: -14 Pips