EURUSD

Quoting Chicky

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My beloved price predictors, make your calls but don't complain if it very soon bounces 200 pips up. London made a failed attempt at 1.2227, however managed to close above 1.2180. New York is still struggling with 1.2152. Two more hours for New York to break this level, then it will be tic-toc until next London session. It is not about being right or wrong, only about making or losing money. {image}

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Quoting KmBioDmoneda

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As I mentioned Yesterday (yesterday for most of us) EU is following EJ tick for tick, which of course isnt something that it typically does. Simply looking at EJ and EU on the 1m or 5m will clearly reveal it, and I find it weird because now UJ is not correlating negatively to EU as it typically does. In other words UJ down AND eu UP, BUT for the last 24 hours it has not been like that at all.

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Quoting Chicky

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{quote} I did not get it 100% but correct me if I am wrong. This tells me that there are buyers and sellers waiting for it to get near to pivot and they place their orders when pa is nears pivot. One reason why price was shy of 10 pips in case. However, later, it broke the next pivot and went up through it, means more buying orders than sell. That makes logical to assume that pa would go higher.................................. I can't believe I wrote this shit on pivots.

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Quoting PhAnTi'

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{quote} Well u r talkin about different pairs, thats it.... If the Dollar is the driver EU and UJ might correlate, if the Euro or Yen is the Chief it wont... as simples...

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Quoting KmBioDmoneda

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{quote} We have a huge discrepancy with out pivots. Are you calculating your pivots by hand or is it EA based?

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Quoting mkvy

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{quote} with this chart for me that is way way too short term when looking at trendlines... there are an infinite way to draw trendlines on a chart... so many, for me you may as well flip a coin with money management than care about that trendline, no disrespect meant

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Quoting KmBioDmoneda

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{quote} Typically they have a negative correlation. So much so that the chart looks inverted. Yet after yesterdays price action, they dont even look inverted as they normally do.

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Quoting Chicky

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{quote} I do not calculate pivots. To my knowledge, this is a centuries old method of setting opening prices of the day, used mainly by commodity traders. People do use it in forex and stock market but since I am basically a gambler, use odds for the opening price, like the book-makers in horse-racing. I only try to see in which direction London and New York want to take it. That keeps the things pretty simple and logical. What you call a Pivot, is a Parking Place to me. I do not calculate this Parking Place level, just observe where it parks because...

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Quoting alagiri64

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{quote} Hi Anil, Your view on XAUUSD please. One day upmove of $20 (on 26.12.2014) makes a little doubt on downside targets.

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Quoting KmBioDmoneda

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{quote} I understand sir. The fact is we are all gamblers when we open a positions, but thanks anyway for explaining to me how you use or dont use pivots. Keep up the good work, and I enjoy reading your post.

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Quoting Chicky

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{quote} Thanks. Just one advice, stay away from Majix if you want your posts to remain nice and humble like this.

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Quoting KmBioDmoneda

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{quote} Groovy... Thanks for the advice. I just closed the UJ short I had opened, but this EU not moving has me super perplexed.

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Quoting Chicky

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{quote} This reminds me of Neil Armstrong standing at the steps of his moon-vehicle for quite some time before stepping on the moon. {image}

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Quoting Chicky

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{quote} There is a good reason why it is not moving. This reminds me of Neil Armstrong standing at the steps of his moon-vehicle for quite some time before stepping on the moon. I remember this as if it happened today. I was in my late 40's then ....................and single. {image}

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Quoting TradeForexFx

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{quote} Neil Armstrong - 1969, Late 40's in 1969?? Late 40's pus 45 (since 1969) equals early 90's?? Am I good in Maths??

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Quoting KmBioDmoneda

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{quote} http://prntscr.com/5mhkbf You can see from the start of the daily pivot that the price moved up and never touched the daily pivot. The price then moved down, and did the same thing, and once the high was broken you got not only the touch of the pivot above, but the touch of the pivot above that one. That type of move is very rare as typically the price during asia touches the pivot which it is heading to, or heads to one, never touches it, then reverses to touch the new one. In the case of the link which was provided you have...

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Quoting ikdenk

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{quote} This looks like a nice CONTINUOUS pivot indicator. Would you care to share it, please?

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