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  • #897,001
  • May 12, 2014 1:54pm May 12, 2014 1:54pm
Quoting ffleo
{quote} just did a little exercise and found head and shoulders pattern in your equity curve. So I believe everything has a pattern, has a tendency. Your trading behavior has a pattern and tendency as reflected in your equity curve. {image}
Your failing to understand my point. You are giving "titles" to things which have occurred, yet in real time ( in this case when trades are placed) can anyone predict where the high, low, or even accumulation will actually be. Yet my actual trades will determine all the titles which you have mentioned. In other words if has a run up of 450%, then pulled back to 200%profit, and made a run back to 450% profit, and failed to break it. In no way can you have predicted that I would of failed to have break it.
The determining factor of such would be the actual trades which are placed. Which in the case of the currencies which we trade,the news releases which cause the massive spikes we see almost daily. The "resistance" and "support" are determined on DAILY pivots, and not past prices which were support or resistance.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,002
  • May 12, 2014 1:56pm May 12, 2014 1:56pm
Quoting Davit
{quote} I have posted my equity charts often here.Search my posts you'll find it.
No thank you. Post your trade explorer or remain quiet. I bet you took your trader explorer down because " your broker froze you account"huh?
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,003
  • May 12, 2014 2:00pm May 12, 2014 2:00pm
Quoting ScalpLikeMe
For those of you who lack the ability of reasoning. My discontent about using "support" and "resistance" as entry is as follows. What is considered "support" and "resistance" on any tf, all comes back to DAILY pivot levels within THE specific trading day. Many people don't use or even know the basics behind pivots, yet, by simply back testing your favorite pair you will notice that your wicks, and your accumulations ALWAYS OCCUR right on a pivot. After 24 hours has passed the pivots are recalculated, and price action will lead you to a pivot level...
Davit, ffleo I would love to read your response to the questions posted above. Being you guys have the answer to everything forex. Let's keep it professional and dab into something which people can actually use in their trading.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,004
  • May 12, 2014 2:00pm May 12, 2014 2:00pm
Quoting ScalpLikeMe
For those of you who lack the ability of reasoning. My discontent about using "support" and "resistance" as entry is as follows. What is considered "support" and "resistance" on any tf, all comes back to being a specific pivot level within a specific trading day. Many people don't use or even know the basics behind pivots, yet, by simply back testing your favorite pair you will notice that your wicks, and your accumulations ALWAYS OCCUR right on a pivot. After 24 hours has passed the pivots are recalculated, and price action will lead you to a pivot...
it is amazing support and resistance work for a lot of things. Past support and resistance will be respected in future times. Again your equity curve is used as an example.

Attached Image (click to enlarge)
Click to Enlarge Name: SR-slm_216.png Size: 85 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #897,005
  • May 12, 2014 2:03pm May 12, 2014 2:03pm
Quoting ScalpLikeMe
{quote} No thank you. Post your trade explorer or remain quiet. I bet you took your trader explorer down because " your broker froze you account"huh?
Nope.Never had one.I post my trades live and close so everyone can see.I like less public distraction which has nothing to do with losing or winning.
Its a preference.Explorers in public to me are distraction.
I only compete to myself that is my account.

nobody tells me to remain quiet!Certainly not you!
In trading, you have to be defensive and aggressive at the same time
  • #897,006
  • May 12, 2014 2:03pm May 12, 2014 2:03pm
Have a look at the highlighted box. Do you see how the price moves towards the pivot, touches it, cleanly for a reverse? How is that explained if these prices are pre-set from when AUD market opens.
Attached Image (click to enlarge)
Click to Enlarge Name: eurpivotday2.PNG Size: 25 KB
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,007
  • May 12, 2014 2:05pm May 12, 2014 2:05pm
Quoting ScalpLikeMe
{quote} Your failing to understand my point. You are giving "titles" to things which have occurred, yet in real time ( in this case when trades are placed) can anyone predict where the high, low, or even accumulation will actually be. Yet my actual trades will determine all the titles which you have mentioned. In other words if has a run up of 450%, then pulled back to 200%profit, and made a run back to 450% profit, and failed to break it. In no way can you have predicted that I would of failed to have break it. The determining factor of such would...
wrong. You do not know price dynamics.

pivot is calculated from past price history whose movement is affected by support and resistance.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #897,008
  • May 12, 2014 2:15pm May 12, 2014 2:15pm
it looks like the housing market will be FEDs favourite game to weaken the USD in the near future.

Find me a country that doesn't have a problem with that!
  • #897,009
  • May 12, 2014 2:20pm May 12, 2014 2:20pm
Quoting Greener
it looks like the housing market will be FEDs favourite game to weaken the USD in the near future. Find me a country that doesn't have a problem with that!

Switzerland ?
  • #897,010
  • May 12, 2014 2:21pm May 12, 2014 2:21pm
Quoting ffleo
{quote} wrong. You do not know price dynamics. pivot is calculated from past price history whose movement is affected by support and resistance.
Actually you are the one who doesn't know about price dynamics. So allow me to inform you. Pivots are calculated by the HIGH, LOW, AND CLOSE price of a currency within a 24 hour time frame. Thus called DAILY PIVOTS! So past resistance and support have 0 factor into how pivots are calculated. The pivots which we have traded within today was solely based on Fridays high,low, and CLOSE. The support and resistance from Thursday and any day before that aren't factored in at all. So it appears you lack enough noobish skills to answer my question. I would advice you to go to www.babypips.com and learn.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,011
  • May 12, 2014 2:23pm May 12, 2014 2:23pm
Quoting yanitsa
{quote} Switzerland ?
overpriced market
  • #897,012
  • May 12, 2014 2:35pm May 12, 2014 2:35pm
Quoting ScalpLikeMe
{quote} Actually you are the one who doesn't know about price dynamics. So allow me to inform you. Pivots are calculated by the HIGH, LOW, AND CLOSE price of a currency within a 24 hour time frame. Thus called DAILY PIVOTS! So past resistance and support have 0 factor into how pivots are calculated. The pivots which we have traded within today was solely based on Fridays high,low, and CLOSE. The support and resistance from Thursday and any day before that aren't factored in at all. So it appears you lack enough noobish skills to answer my question....
sure, why waste time with you? Before leaving you behind in the dark, let me remind you one more thing: Friday's high, low and close is affected by Friday's pivot which is calculated from Thursday high, low and close, and which are affected by Thursday pivot which is calculated from Wednesday high, low and close that are affected by Wednesday pivot which is calculated from Tuesday high, low and close, and so on. All in all, all past pivots, high, low and close will leave a trace in future pivot calculation.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #897,013
  • May 12, 2014 2:46pm May 12, 2014 2:46pm
Quoting ffleo
{quote} sure, why waste time with you? Before leaving you behind in the dark, let me remind you one more thing: Friday's high, low and close is affected by Friday's pivot which is calculated from Thursday high, low and close, and which are affected by Thursday pivot which is calculated from Wednesday high, low and close that are affected by Wednesday pivot which is calculated from Tuesday high, low and close, and so on. All in all, all past pivots, high, low and close will leave a trace in future pivot calculation.

Yes you are going to feel as though you are wasting time because you lack the ability to prove your point. You are essentially saying the same thing I am saying. What I am saying is PAST SUPPORT/RESISTANCE doesn't play into future or current price action. Price action is based on TODAYS' DAILY PIVOTS. Since no two days pivots are the same, it means that past pivots support, accumulation or rejection doesn't play into what the price will see today or in the future.

Most of you guys talk about support and resistance levels some 100-500 pips away from the current price, which in no way will have any bearing on price action once the price gets there. What is the sense of speaking about such prices when daily pivots clearly reveals that price action is what determines the price of reject or support daily.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,014
  • May 12, 2014 2:51pm May 12, 2014 2:51pm
Quoting ScalpLikeMe
{quote} Yes you are going to feel as though you are wasting time because you lack the ability to prove your point. You are essentially saying the same thing I am saying. What I am saying is PAST SUPPORT/RESISTANCE doesn't play into future or current price action. Price action is based on TODAYS' DAILY PIVOTS. Since no two days pivots are the same, it means that past pivots support, accumulation or rejection doesn't play into what the price will see today or in the future. Most of you guys talk about support and resistance levels some 100-500 pips...
suppose you are a boy but I do not think anyone can convince you that you are a boy. You would say you dress like a girl so you are a girl.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #897,015
  • May 12, 2014 2:55pm May 12, 2014 2:55pm
Attached Image
  • #897,016
  • May 12, 2014 2:58pm May 12, 2014 2:58pm
.... I get that all the time
Ghost Rider - WWTBMD?
  • #897,017
  • May 12, 2014 3:04pm May 12, 2014 3:04pm
Oh my

LOL
  • #897,018
  • May 12, 2014 3:07pm May 12, 2014 3:07pm
Quoting Ken A
Oh my LOL
Ummm.... :nerd: ... Might wanna step back a little Ken. Don't wanna get none on ya now...
Ghost Rider - WWTBMD?
  • #897,019
  • May 12, 2014 3:09pm May 12, 2014 3:09pm
we should pay a visit to $1.370 at a certain point tomorrow, then up to $1.380 before the week ends ... it look like the panic selling stopped! ( Ceteris Paribas, of course)
"It's the Margin, Stupid."
  • #897,020
  • May 12, 2014 3:13pm May 12, 2014 3:13pm
Quoting Vachus
we should pay a visit to $1.370 at a certain point tomorrow, then up to $1.380 before the week ends ... it look like the panic selling stopped! ( Ceteris Paribas, of course)
Prime example. He is giving prices 1.37 and 1.38 and simply basing it on "it looks like panic selling stopped" Would love to see the response/ excuse if it doesn't occur.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
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