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  • #2,721
  • Jun 4, 2014 10:13pm Jun 4, 2014 10:13pm
zoomed in levels,

ecb out today,plus lots of news release caution should see some volatility.

nice converged averages and decent separation to the lower and upper split bands,
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  • #2,722
  • Jun 4, 2014 11:37pm Jun 4, 2014 11:37pm
revised 15 min av and h l
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  • #2,723
  • Jun 5, 2014 12:06am Jun 5, 2014 12:06am
ist trade of day long from the average,
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  • #2,724
  • Jun 5, 2014 12:14am Jun 5, 2014 12:14am
closed at open,53/4 stalling point
  • #2,725
  • Jun 5, 2014 12:31am Jun 5, 2014 12:31am
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Pivot Boss in the making~
  • #2,726
  • Jun 5, 2014 12:58am Jun 5, 2014 12:58am
this was the scalp I was trying to capture ,i protected my entry ,hence didn't get back in,but good example

15 min ave to the hour s high,also the possibility of a extra push through to the daily and 15 min s highs
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  • #2,727
  • Jun 5, 2014 1:04am Jun 5, 2014 1:04am
Closed my long from 50 at 60. 10pips out.

What is your hour's high value? so we enter at M15 average and aim hour high?
Pivot Boss in the making~
  • #2,728
  • Jun 5, 2014 1:20am Jun 5, 2014 1:20am
Quoting jurn_e
Closed my long from 50 at 60. 10pips out. What is your hour's high value? so we enter at M15 average and aim hour high?
not pacifically,if you notice the averages daily ,1 hour,15 min are all converged from 37 to 47.

the split highs are all converged up at 58 hourly....61 15 min......and 63 daily.......

good figures from the german factory orders,good news from the Halifax uk hpi.

the values had stalled and gradually reversing ....it would be hard not to long upto the converged split highs ,especially there only 10 to 12 pips away.

the safe exit was at those converged highs,remember the market has lots of key news today so anticipate the price traveling from converged points,until a longer term bias can form.

hope this helps put it all together.

actually you can post your theory because you gained pips i didnot
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  • #2,729
  • Jun 5, 2014 1:27am Jun 5, 2014 1:27am
I took the long as i saw strength in GBP vs USD and price bounce off the M15 average.
Attached Image (click to enlarge)
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Pivot Boss in the making~
  • #2,730
  • Jun 5, 2014 1:37am Jun 5, 2014 1:37am
Quoting jurn_e
I took the long as i saw strength in GBP vs USD and price bounce off the M15 average. {image}
many ways of skinning a cat,good stuff
  • #2,731
  • Jun 5, 2014 2:00am Jun 5, 2014 2:00am
Quoting diceman555
{quote} many ways of skinning a cat,good stuff
The main idea is still the averages. Still need more practice to see whether price bounce off or break the averages.
Just like yesterday, averages and pivot confluence at 50 but price broke through it and dropped without bouncing off as much.
Pivot Boss in the making~
  • #2,732
  • Jun 5, 2014 2:11am Jun 5, 2014 2:11am
Quoting jurn_e
{quote} The main idea is still the averages. Still need more practice to see whether price bounce off or break the averages. Just like yesterday, averages and pivot confluence at 50 but price broke through it and dropped without bouncing off as much.
basically were looking for areas were the levels converge.price deviates from the average price ,our split high and lows are the maximum that price travels for that given t/f ,this calculation basically conciders its maximum range ,the deviation from the average.thats why were also looking for converged points in the splits especially when they converge to weekly and monthly averages.

because were using fixed reference points we need to adjust the lower t/f levels from the lead candle from range in that given t/f.

its difficult to explain.the candle measures its potential energy if not interrupted.it has a maximum.

you must not build bias at the averages .there merely allowing us to fixate on a period of time and motion.
  • #2,733
  • Jun 5, 2014 2:55am Jun 5, 2014 2:55am
price just pierced the weekly averaged
  • #2,734
  • Jun 5, 2014 3:14am Jun 5, 2014 3:14am
HERES THE CHART,
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  • #2,735
  • Jun 5, 2014 3:23am Jun 5, 2014 3:23am
Revised levels,price opening up for potential nice move
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  • #2,736
  • Jun 5, 2014 4:51am Jun 5, 2014 4:51am
1.6770 m15 average and pivot, PA retest it before going down.
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Pivot Boss in the making~
  • #2,737
  • Jun 5, 2014 5:11am Jun 5, 2014 5:11am
Quoting jurn_e
1.6770 m15 average and pivot, PA retest it before going down. {image}
great stuff jurn e,

your getting good at this

  • #2,738
  • Jun 5, 2014 6:34am Jun 5, 2014 6:34am
My weekly average is at 1.6773. Why mine is so different than your weekly average?
Pivot Boss in the making~
  • #2,739
  • Jun 5, 2014 6:50am Jun 5, 2014 6:50am
Quoting jurn_e
My weekly average is at 1.6773. Why mine is so different than your weekly average?
I just rechecked mine and its 16789,not sure why you got 73
  • #2,740
  • Jun 5, 2014 6:56am Jun 5, 2014 6:56am
I know why, u use IG to calculate your levels , i use ibfx. so we have different values.
Pivot Boss in the making~
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