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Nearly Naked (Simple Trades)

  • #11,461
  • Dec 11, 2012 8:56am Dec 11, 2012 8:56am
Quoting Saxon
Here are some of my charts. A lot of them have some obvious Fib conf
Saxon

I noticed that your weekly PVs and ones from Action Forex are largely different:
EU 1.2975 (you) -- 1.2927 (AF)
GU 1.6052 -- 1.6032
and so on....

What do you think? Action Forex is wrong??
  • #11,462
  • Dec 11, 2012 12:11pm Dec 11, 2012 12:11pm
Where'd u get USDX?
I have to manual feed from brokers, can't find an MT4


Quoting cdndollar
You're welcome "Charles".. The FXI one is good for H1 & lower charts but it clusters the HTF charts.. The Autopivot one is similar to Mr. Saxon's..
FWIW.. some updated charts for EURO & USDX to share with our friends here..

Holding long Swing/M/T possies in Euro, Cable & Loonie.. so take my views fwiw..

Euro Weekly Buy Fractal from 11/19 & Monthly Hammer off 1.2660 & L/T Confluence zone still in play here.. a retrace down to 1.2830~00 would inject additional liquidity.. but 1.2800 may be again the supporting "baseline in the sand" as...
  • #11,463
  • Dec 11, 2012 12:21pm Dec 11, 2012 12:21pm
Quoting Forexgogo
Saxon

I noticed that your weekly PVs and ones from Action Forex are largely different:
EU 1.2975 (you) -- 1.2927 (AF)
GU 1.6052 -- 1.6032
and so on....

What do you think? Action Forex is wrong??


I don't think Action Forex uses GMT+2
They are going off NY hours I'm assuming
You need to follow the real open, not trading center open. Markets open at 10 pm GMT on Sunday night. That is when prices should be feeding your pivot calculations, not when your brokers server starts sending/receiving the feed.
  • #11,464
  • Dec 11, 2012 12:29pm Dec 11, 2012 12:29pm
Quoting Saxon
I don't think Action Forex uses GMT+2
They are going off NY hours I'm assuming
You need to follow the real open, not trading center open. Markets open at 10 pm GMT on Sunday night. That is when prices should be feeding your pivot calculations, not when your brokers server starts sending/receiving the feed.
That explains. Action Forex ends a day at 21:00 GMT. I will get FXPro MT4 to see the correct PVs.
Thank you very much!
  • #11,465
  • Dec 11, 2012 12:43pm Dec 11, 2012 12:43pm
Thought you guys might like this, it's my old wall vol chart. I'm updating it so I thought id scan it and give it to you guys. I'm making a more comprehensive and updated one today.
Attached Image (click to enlarge)
Click to Enlarge Name: Wall Times.png Size: 353 KB
  • #11,466
  • Dec 11, 2012 2:01pm Dec 11, 2012 2:01pm
Quoting Forexgogo
That explains. Action Forex ends a day at 21:00 GMT. I will get FXPro MT4 to see the correct PVs.
Thank you very much!
http://www.actionforex.com/markets/p...2010040848154/

 

  1. Daily pivots are calculated from previous day's high, low, close which ends at 5pm est or 21pm GMT.
  2. 4 Hours pivots are calculated from previous 4 hours bar which ends at 2100, 0100, 0500, 0900, 1300, 1700 GMT.

  • #11,467
  • Dec 11, 2012 2:26pm Dec 11, 2012 2:26pm
pivotals
Attached File(s)
File Type: mq4 ^pivot-indicators-pivot.mq4   48 KB | 286 downloads
File Type: mq4 pivot_alllevels.mq4   48 KB | 298 downloads
File Type: mq4 pivot-indicators-^pivot_alllevels.mq4   48 KB | 281 downloads
File Type: mq4 pivot-indicators-^pivot_pp.mq4   48 KB | 271 downloads
File Type: mq4 pivot-indicators-^pivot_ressup.mq4   48 KB | 305 downloads
  • #11,468
  • Dec 11, 2012 2:27pm Dec 11, 2012 2:27pm
pivotals...
Attached File(s)
File Type: mq4 pivot-indicators-^pivot_ressup2.mq4   48 KB | 300 downloads
File Type: mq4 pivot-indicators-pivotcustom_4timeframes.mq4   48 KB | 318 downloads
File Type: mq4 pivot-indicators-pivotcustomtime-.mq4   48 KB | 311 downloads
File Type: mq4 pivot-indicators-sdx-tzpivots.mq4   48 KB | 312 downloads
File Type: mq4 pivots-daily.mq4   48 KB | 298 downloads
  • #11,469
  • Dec 11, 2012 11:03pm Dec 11, 2012 11:03pm
Quoting Saxon
Where'd u get USDX?
I have to manual feed from brokers, can't find an MT4
You can only get it if is provided by your MT4 broker..
Go to MT4 "View - Market Watch", right click then select Show All.. You will then see all the symbols provided by your broker.

This MT4 indicator calculate DXY..
http://www.forexfactory.com/showthre...61#post5973661

The little Dollar USDCHF also has good inverse correlation if you just want to compare the M/T movement to EURUSD:
Attached Image (click to enlarge)
Click to Enlarge Name: CHF DX capture-20121212-015501.png Size: 67 KB
  • #11,470
  • Dec 11, 2012 11:30pm Dec 11, 2012 11:30pm
Quoting Saxon
Thought you guys might like this, it's my old wall vol chart. I'm updating it so I thought id scan it and give it to you guys. I'm making a more comprehensive and updated one today.
thats interesting .... i would try to map it with my time zone
  • #11,471
  • Dec 12, 2012 2:23pm Dec 12, 2012 2:23pm
Quoting Saxon
Thought you guys might like this, it's my old wall vol chart. I'm updating it so I thought id scan it and give it to you guys. I'm making a more comprehensive and updated one today.
I like that!
  • #11,472
  • Dec 12, 2012 2:28pm Dec 12, 2012 2:28pm
I posted a bunch of trades at my thread, but I thought the EU one could be a good example of a confluence trade, and UJ trade would be a good example of buying at a support into an uptrend trade:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu4a.gif Size: 23 KB
Click to Enlarge Name: eu4y.gif Size: 23 KB
Click to Enlarge Name: uj3a.gif Size: 17 KB
Click to Enlarge Name: uj3c.gif Size: 16 KB
Click to Enlarge Name: uj5.gif Size: 21 KB
  • #11,473
  • Dec 12, 2012 3:53pm Dec 12, 2012 3:53pm
I have a fresh NZDJPY short positon @ the 69.000 level & Would appreciate any comments tips or alternate views from anyone willing to put their 2 cents in. Heres the chart - http://screencast.com/t/N8SOhLr1
  • #11,474
  • Dec 12, 2012 4:44pm Dec 12, 2012 4:44pm
Quoting TheBodyguard
I have a fresh NZDJPY short positon @ the 69.000 level & Would appreciate any comments tips or alternate views from anyone willing to put their 2 cents in. Heres the chart - http://screencast.com/t/N8SOhLr1
I would not to comment particularly on chart analysis as everyone has different ways of doing it, hard to reconcile. However, there is one thing I would like to be a bit nosy to point out: always be ultra-careful if you want to consider shorting high yield pairs. It can cost you an arm and a leg just by paying the overnight interest/swaps. Carry trades/High yielders always have better chance to go up unless there is a massive crisis going on. Real crisis, not just rumours or speculations or newsletter writing.

A case in point: my mum, being the ever brave newbie she was, longed NZD/JPY at the beginning of this year, and didn't know better of getting in and out with her stock investing habit. So she held it through all the time of draw down and banking interest every night. By the time the pair rallied back to and above her entry level, her interest income was already more than 25-30% of her draw down. She then got out nicely with profits and was rather pleased with herself, saying that this was way better than putting money in a bank as banks pay literally no interest nowadays.

I am not saying that one should long carry trades with wild abandon. Just that it's something to keep in mind.
  • #11,475
  • Dec 12, 2012 7:38pm Dec 12, 2012 7:38pm
Quoting TheBodyguard
I have a fresh NZDJPY short positon @ the 69.000 level & Would appreciate any comments tips or alternate views from anyone willing to put their 2 cents in. Heres the chart - http://screencast.com/t/N8SOhLr1

I have execute some shorts @ 70.27 just now, Target @ 60, SL 73.50 (2007.07.01 H 97.77)
Daily & Weekly neg. Divergence...& if the december candle should shaping a shooting star, I would go into some shorts more additively.
  • #11,476
  • Dec 13, 2012 8:40am Dec 13, 2012 8:40am
EU
If monthly R1=Fib 76 area doesn't stop the bull, then monthly R2=previous swing high=1.35 may do (on the way, 1.33 could do something).

Your thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: eu d.jpg Size: 210 KB
  • #11,477
  • Dec 13, 2012 2:45pm Dec 13, 2012 2:45pm
Quoting TheBodyguard
I have a fresh NZDJPY short positon @ the 69.000 level & Would appreciate any comments tips or alternate views from anyone willing to put their 2 cents in. Heres the chart - http://screencast.com/t/N8SOhLr1
Its almost on its verge of completing an up trend, but still got chance to move little more further to 71.00 handle. If it does so then I will activate my sell order @ 71.00 handle & will target all the way till 68.00 handle. Or it have to break below now under 70.00 handle to make me interested. Its my personal opinion on the way I see the chart, but not necessarily it has to go to 71.00 before selling off...but I am waiting to see 71.00
  • #11,478
  • Dec 14, 2012 6:02am Dec 14, 2012 6:02am
Saxon shahab8b

What do you think CADJPY? If you go short, what would be a sign? Or you would rather stay away from xxxJPY for now? (Sunday is an election day in Japan, BTW)
Attached Image (click to enlarge)
Click to Enlarge Name: cj d.jpg Size: 235 KB
  • #11,479
  • Dec 14, 2012 11:52am Dec 14, 2012 11:52am
Quoting Forexgogo
EU
If monthly R1=Fib 76 area doesn't stop the bull, then monthly R2=previous swing high=1.35 may do (on the way, 1.33 could do something).

Your thoughts?
I noticed the R2 / swing high earlier myself as well....will be a while before it gets there probably but worth watching for potential PA setups.
  • #11,480
  • Dec 16, 2012 3:05pm Dec 16, 2012 3:05pm
GJ

Wow! A huge gap 100+pips! But I don't know if I want to jump in...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 190 KB
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