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  • #959,101
  • Feb 10, 2015 10:21am Feb 10, 2015 10:21am
Quoting TheNoob
{quote} interesting your 1352 1371...i have same number... what about GP 1363?... {image}
Two questions:
1. Those resistance levels came from what?
2. What is GP?

Thanks.
f(z)=z2+c
  • #959,102
  • Feb 10, 2015 10:28am Feb 10, 2015 10:28am
So I want to know why one gets an OMG Red tag and the other gets a "slip it under the door" yellow tag?
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As the lights go by so too do the shadows move
  • #959,103
  • Feb 10, 2015 10:30am Feb 10, 2015 10:30am
this loveplay at tops takes too much time for a final reversal, closed my 1.12 EU longs

USDOLLAR D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #959,104
  • Edited 10:52am Feb 10, 2015 10:31am | Edited 10:52am
Quoting hathor
{quote} Two questions: 1. Those resistance levels came from what? 2. What is GP? Thanks.
they came from fibo daily pivot levels...GP is the gravity point, the middle, (the normal price...)....yes some prefer to call it center of gravity(COG)...
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  • #959,105
  • Feb 10, 2015 10:46am Feb 10, 2015 10:46am
Quoting TheNoob
{quote} they came from fibo daily pivot levels...GP is the gravity point, the middle, (the normal price...)....yes some prefer to call it center of gravity(COG)...
Pivots + technical levels together? Good to know.
Thanks!
f(z)=z2+c
  • #959,106
  • Feb 10, 2015 10:50am Feb 10, 2015 10:50am
Quoting TheNoob
{quote} they came from fibo daily pivot levels...GP is the gravity point, the middle, (the normal price...)....yes some prefer to call it center of gravity(COG)...
Never heard of COG and gravity, but from what i see your gravity line is POC, price of control. Just saying more common expression for what your middle line represents, thats why hathor might have been thrown off.
  • #959,107
  • Feb 10, 2015 10:50am Feb 10, 2015 10:50am
Quoting Matts Micro
So I want to know why one gets an OMG Red tag and the other gets a "slip it under the door" yellow tag? {image} {image}
The color of the tags can change depending how market reacted to the news. The first one started yelow or orange, but as the market reacted with some movement they changed to red.

Regards

JL
Started a blog: terraceman blogspot com
  • #959,108
  • Feb 10, 2015 11:01am Feb 10, 2015 11:01am
Quoting jlongo
{quote} The color of the tags can change depending how market reacted to the news. The first one started yelow or orange, but as the market reacted with some movement they changed to red. Regards JL
Ah did it? I didn't know that.

I'm not trying to reflect on FF here with that statement but perhaps more on the market reaction itself. It was as you said it, the market moved quite erratically with the initial news but no sort of correction when it was disclaimed. The news supported the EU when it was at a pip or two from the low of the week, now comes the news that says "just kiddin' "... makes ya wonder is all....
As the lights go by so too do the shadows move
  • #959,109
  • Feb 10, 2015 11:25am Feb 10, 2015 11:25am
Quoting janpec1000
{quote} Never heard of COG and gravity, but from what i see your gravity line is POC, price of control. Just saying more common expression for what your middle line represents, thats why hathor might have been thrown off.
yes it isn't exactly the same indicator than COG, it's something near it, cuz of little different formula...the idea stay the same...
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  • #959,110
  • Feb 10, 2015 11:31am Feb 10, 2015 11:31am
Quoting TheNoob
{quote} yes it isn't exactly the same indicator than COG, it's something near it, cuz of little different formula...the idea stay the same... {image}
Center of gravity is more like polynomial regression and it tries to curve fitting with desired degree. The one you use is triangular moving average as far as I know and its based on double smoothed sma. So maybe its better called it TMA than COG for newbies. Just an opinion.
  • #959,111
  • Feb 10, 2015 11:33am Feb 10, 2015 11:33am
Quoting TheNoob
{quote} yes it isn't exactly the same indicator than COG, it's something near it, cuz of little different formula...the idea stay the same... {image}
Check this post/trader out. Hope you find it interesting.

Quoting trader7757
{quote} This is one of the charts I use to calculate reversion to the mean. It may seem a bit cluttered. but I am not a big fan of simpler is better. I like a lot of information and through experience seem to be able to assimilate it. In my trading world, every chart contains a story and my job is too discover the story being told. You will notice that I do not use any indicator or oscillator that lags, my world is all real-time. As a scalper, this is the only way to go and MA's, indicators, oscillators...etc lag too much to be an effective scalper....
  • #959,112
  • Feb 10, 2015 11:38am Feb 10, 2015 11:38am
Quoting Rockerzeus
{quote} Center of gravity is more like polynomial regression and it tries to curve fitting with desired degree. The one you use is triangular moving average as far as I know and its based on double smoothed sma. So maybe its better called it TMA than COG for newbies. Just an opinion.
TMA bands is the exact word... i only tried to explain what family of indicator it is... the upper red /lower blue lines are ofc little different...
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  • #959,113
  • Feb 10, 2015 11:45am Feb 10, 2015 11:45am
320 is slaping it hard. Got 1 long and 2 shorts scalps in last 3 hours. Close at 307 is bear for at least 5-10 further down, watcching that.

EURAUD should run higher either station 1 or 2.
http://prntscr.com/63gc14
  • #959,114
  • Feb 10, 2015 11:48am Feb 10, 2015 11:48am
Quoting ClinicalEx
{quote} Check this post/trader out. Hope you find it interesting. {quote}
i don't have the same issue than him about scalp trading...this guy seems to use tons of indicator, how could he see clear in such a mess?...he use robot programs?
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  • #959,115
  • Feb 10, 2015 11:50am Feb 10, 2015 11:50am
Quoting janpec1000
320 is slaping it hard. Got 1 long and 2 shorts scalps in last 3 hours. Close at 307 is bear for at least 5-10 further down, watcching that. EURAUD should run higher either station 1 or 2. http://prntscr.com/63gc14
UJ is affecting EUR at the moment I believe.
  • #959,116
  • Feb 10, 2015 11:51am Feb 10, 2015 11:51am
Quoting maldegnegi
{quote} UJ is affecting EUR at the moment I believe.
in what sense?
  • #959,117
  • Feb 10, 2015 11:53am Feb 10, 2015 11:53am
Quoting gatorinla
{quote} what i think, i dont think matters, whats it doing and not doing matters . its going to 1439 or 1185 and 1269 is the center. i am bearish but prefer to see 1418/1533 again.. 1/2 way to 1418 is 1360.9.. the high yesterday just under at 1359 1185 is a older norm and now an = distance with yest low to 1439.. or yest high 3/4 of the way using the same points

Hi you are bearish but think the euro/USD will go to 1411 or 1533. Do you have short posistions still?
  • #959,118
  • Feb 10, 2015 11:54am Feb 10, 2015 11:54am
Quoting zapiron
{quote} in what sense?
UJ moved up and EUR started dropping.
  • #959,119
  • Feb 10, 2015 11:59am Feb 10, 2015 11:59am
Quoting maldegnegi
{quote} UJ moved up and EUR started dropping.
  • #959,120
  • Feb 10, 2015 12:04pm Feb 10, 2015 12:04pm
the trading range is very narrow with almost no movement at all.
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