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  • #946,841
  • Dec 29, 2014 9:51pm Dec 29, 2014 9:51pm
Quoting ikdenk
{quote} This looks like a nice CONTINUOUS pivot indicator. Would you care to share it, please?
My pleasure. I would suggest that you leave the settings as they are. Please download the very first attachment. I tried to upload it here, but it says error: Invalid file http://www.forex-tsd.com/metatrader-...ndicators.html
  • #946,842
  • Edited 10:25pm Dec 29, 2014 9:56pm | Edited 10:25pm
It is only to relax and wait for the stop on the road 1.2.
  • #946,843
  • Dec 29, 2014 10:00pm Dec 29, 2014 10:00pm
Quoting ikdenk
{quote} This looks like a nice CONTINUOUS pivot indicator. Would you care to share it, please?
Once you have taken the time to setup the indicator, feel free to go back as far as you can to see how the price reacts at those specific prices. On Aug 3, 2012 Which happened to be NFP friday. EU made what would be its low before reaching all the way to 1.3999 from where we have fallen from since March of this year. Now the main pivot price that day was (on Aug 3rd, 2012) 1.22376 in which on the 1m candle after the nfp was released the price quickly dropped to 1.2219 and before the 1m candle even closed it closed back across that 1.22376 price. In other words..... The main pivot ended up being the SUPPORT of EU. I won't get into a pissing match with some members, who I clearly see is what they want. Instead ikdenk simply have a look at the indicator and use it on the LOWER tf, and notice how you seem to always see wicks right at those prices or accumulation at those prices. Essentially what people call SUPPORT/RESISTANCE is nothing more then PAST pivot prices. The indicator will reveal that. Enjoy
  • #946,844
  • Dec 29, 2014 10:06pm Dec 29, 2014 10:06pm
How about those apples. Now UJ, EU, EJ are all correlating. Price action is something isn't it.
  • #946,845
  • Dec 29, 2014 10:15pm Dec 29, 2014 10:15pm
Quoting KmBioDmoneda
Here is a snapshot of the high heel shoe formation which is typically seen in a bear market on the smaller tf. It is the same formation which is forming on the 5m for EU. Looking up these formations, and being able to identify it can give you a nice scalp of 10 to 20 pips to the down side, then catching the long spike down candle, then reversal. http://prntscr.com/5mhry4
That formation has held true... We had the show form and now we got the spike under the heel. A move up from this point should be a drawn - out one. It should take ATLEAST and hour and a half to break the high of the heel, and from there a very very slow move up.
  • #946,846
  • Dec 29, 2014 10:29pm Dec 29, 2014 10:29pm
Whats the outlook?

I would say 1.2390 pretty good
Read the entire market, money is made on the main trend not the fluctuation
  • #946,847
  • Dec 29, 2014 10:32pm Dec 29, 2014 10:32pm
Quoting egkid
2130
2080
2130 Hit
  • #946,848
  • Dec 29, 2014 10:53pm Dec 29, 2014 10:53pm
Quoting Ken A
{quote} Here, found it on FF so credit to the author {file}{file}{file}{file} It's best to know how the pivot and S/R are calculated to understand why Price Action (market sentiment/buyer/seller) is not moving based on these calculations other than to serve as drawing lines. Here: Forex...
Thanks for the indicators, they will be very handy. Also for the heads up on the calculations and the trading ranges, very useful.
  • #946,849
  • Dec 29, 2014 10:54pm Dec 29, 2014 10:54pm
Quoting KmBioDmoneda
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.
Thanks for the tip. managed to catch some good pips on EJ

already had my shorts open on EU but EJ was a bonus scalp
  • #946,850
  • Dec 29, 2014 10:55pm Dec 29, 2014 10:55pm
Quoting egkid
{quote} 2130 Hit
congrats, but i think 2080 is pretty far awy for today.
oversoldd and clearly divergence forming on <15m.
time to reverse.
  • #946,851
  • Dec 29, 2014 10:56pm Dec 29, 2014 10:56pm
Quoting KmBioDmoneda
{quote} Once you have taken the time to setup the indicator, feel free to go back as far as you can to see how the price reacts at those specific prices. On Aug 3, 2012 Which happened to be NFP friday. EU made what would be its low before reaching all the way to 1.3999 from where we have fallen from since March of this year. Now the main pivot price that day was (on Aug 3rd, 2012) 1.22376 in which on the 1m candle after the nfp was released the price quickly dropped to 1.2219 and before the 1m candle even closed it closed back across that 1.22376...
Thanks for the indicators and additional information, will be looking forward to back testing them. The Asian session is quite often a pivot play, but obviously the previous days' pivots still have a role to play as well!
  • #946,852
  • Dec 29, 2014 10:57pm Dec 29, 2014 10:57pm
Quoting gatorinla
{quote} in no way endorsing a long. st wants 2073..but the larger at 2124.9 .. and another 2114.. the most symmetric is 2124.9.. the norm at 2480 was hit a few weeks back.. the other very less accurate 269x.. no, i dont think we are going there. once a target is hit we may have a bounce and then a new short entry may appear. 17 pips till 2124.9.. wherever the year ends.. looking for that number -2616 ish.. to enter a Long term short if possible
took a while, but made the larger one. atm low 2123.4
those who can, do. those who cant, talk about those who can
  • #946,853
  • Dec 29, 2014 11:01pm Dec 29, 2014 11:01pm
Quoting Sh0ukaT
{quote} Thanks for the tip. managed to catch some good pips on EJ already had my shorts open on EU but EJ was a bonus scalp
Your welcome. I wish I was short on EJ instead of UJ, but I made profit none the less. I am now looking for a nice scalp long on EJ or EU, yet EU at this point I won't touch unless the bid closes across 1.21412 on he bid on the 5m.
  • #946,854
  • Dec 29, 2014 11:03pm Dec 29, 2014 11:03pm
impossible to keep up with manually.. tried to double in a month .. a week to go
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those who can, do. those who cant, talk about those who can
  • #946,855
  • Dec 29, 2014 11:03pm Dec 29, 2014 11:03pm
i`m in short to go : 1.2095 tp
Price turnback to where, he escaped from there
  • #946,856
  • Dec 29, 2014 11:07pm Dec 29, 2014 11:07pm
Quoting gatorinla
impossible to keep up with manually.. tried to double in a month .. a week to go {image}
what do you use to show this? good stuff btw
  • #946,857
  • Dec 29, 2014 11:09pm Dec 29, 2014 11:09pm
Quoting gatorinla
impossible to keep up with manually.. tried to double in a month .. a week to go {image}
Hi Gator,

missed the method you are using there. May I ask you about the methology that stands behind these results?
  • #946,858
  • Dec 29, 2014 11:09pm Dec 29, 2014 11:09pm
Quoting Liam0530
{quote} what do you use to show this? good stuff btw
Don't speculate trade with surety.
  • #946,859
  • Dec 29, 2014 11:09pm Dec 29, 2014 11:09pm
Quoting CandleStar
{quote} Hi Gator, missed the method you are using there. May I ask you about the methology that stands behind these results?
yes Photoshop is the method
Don't speculate trade with surety.
  • #946,860
  • Dec 29, 2014 11:17pm Dec 29, 2014 11:17pm
Quoting KmBioDmoneda
{quote} Your welcome. I wish I was short on EJ instead of UJ, but I made profit none the less. I am now looking for a nice scalp long on EJ or EU, yet EU at this point I won't touch unless the bid closes across 1.21412 on he bid on the 5m.
seems like they are starting to part ways
EU and EJ
may be because of the Eur data release in about 45 mins
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