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  • #975,061
  • Mar 28, 2015 7:02am Mar 28, 2015 7:02am
Quoting Analog
I see that a good number of traders on here refer to EUR/USD respecting floor trader's pivots - especially the daily pivots and support and resistance levels. Can anyone recommend a good MT4 indicator for daily pivots? Thanks in advance....and thanks for keeping me company even though you may not know you are doing it...I'm one of many who regularly read all of the posts on this board even though I'm not a regular participant.
attached..
Attached File(s)
File Type: mq4 Pivot-fixed.mq4   5 KB | 258 downloads
  • #975,062
  • Mar 28, 2015 8:06am Mar 28, 2015 8:06am
Out of interest, and whilst on the subject of pivot points --

On which timeframe(s) do you plot your pivot points?

I have been putting daily and weekly on the M10 minute chart and plotting trend lines on the longer timeframes (D1, H4, H1).

How about everyone else?
  • #975,063
  • Mar 28, 2015 8:16am Mar 28, 2015 8:16am
Hard out daily resistance at 1.3 / 23.6 fib area could be a good spot to look for reasons to sell if we get up there
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 24 KB
Click to Enlarge Name: EURUSDWeekly.png Size: 34 KB
Come with me if you want to live....
  • #975,064
  • Mar 28, 2015 8:21am Mar 28, 2015 8:21am
Quoting Bones
I'm quite surprised no ones picking up on the size of these things ,Yesterday price fell first then went up broke the high then fell back to open ,I read it as bullish ,side at least I think weekly is consolidation week ,but to be bear next candle will have to print bear reversal ,but even before on much less set ups it did not simply fall below bull set ups ,I post earlier in the week selling will be snapped up ,because thats what I'm seeing ,but highs are a problem this month ,maybe next month new candle paves the way , {image}
symmetrical triangle patterns. hm, historically, if we scroll back weeks or months ago, those symmetrical triangle always end up with continuation for another down leg, but many things happen this time. EU touch multiyear low, dovish FOMC, and war in middle east. Quite strange to continue the bear as always eu did anw, NFP next week will answer which direction the triangle broke, as FED rate hike really paying attention in labor.
  • #975,065
  • Mar 28, 2015 8:25am Mar 28, 2015 8:25am
A bit of humor for the weekend...

Gator divides traders into two groups: The halves and halve nots.
  • #975,066
  • Mar 28, 2015 8:38am Mar 28, 2015 8:38am
Quoting Bones
I'm quite surprised no ones picking up on the size of these things ,Yesterday price fell first then went up broke the high then fell back to open ,I read it as bullish ,side at least I think weekly is consolidation week ,but to be bear next candle will have to print bear reversal ,but even before on much less set ups it did not simply fall below bull set ups ,I post earlier in the week selling will be snapped up ,because thats what I'm seeing ,but highs are a problem this month ,maybe next month new candle paves the way , {image}
Hey Bones,

I am picking up what you are putting down. You know, I like to talk on Saturday, as it is work day but candles not moving. April is the cruelest month. NFP, on Good Friday?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly328.jpg Size: 346 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #975,067
  • Mar 28, 2015 8:41am Mar 28, 2015 8:41am
Quoting Ill-b-back
Hard out daily resistance at 1.3 / 23.6 fib area could be a good spot to look for reasons to sell if we get up there {image} {image}
This month looks like closing a hanging man type candle with small upper wick.
Not at the top as preferred but in context we have broken important supports in an unprecedented Euro downtrend during unprecedented European policy and have an important support below.
How far can we fly on QE and negative interest rates?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly1.png Size: 35 KB
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  • #975,068
  • Mar 28, 2015 8:46am Mar 28, 2015 8:46am
Quoting Ill-b-back
Hard out daily resistance at 1.3 / 23.6 fib area could be a good spot to look for reasons to sell if we get up there {image} {image}
Just looking, I have one at 1.1277.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #975,069
  • Mar 28, 2015 8:48am Mar 28, 2015 8:48am
Quoting Mr. Scott
{quote} Just looking, I have one at 1.1277.
I'll take your word on it, I struggle doing analysis to the pip.


12.48am here, off to bed
Come with me if you want to live....
  • #975,070
  • Mar 28, 2015 9:19am Mar 28, 2015 9:19am
Quoting Mr. Scott
{quote} Hey Bones, I am picking up what you are putting down. You know, I like to talk on Saturday, as it is work day but candles not moving. April is the cruelest month. NFP, on Good Friday? {image}
Hey Mr Scott,
may i ask something? is it still harmonic pattern if one triangle has been formed with specific period with another triangle that has almost double the first period? your monthly chart harmonic pattern are forming the first triangle from november 2005 to june 2008 (approximately 3 years) but your another triangle starts from February 2009 to April 2015 (6 years)? thank you
  • #975,071
  • Mar 28, 2015 9:23am Mar 28, 2015 9:23am
Quoting Sants
{quote} Hey Mr Scott, may i ask something? is it still harmonic pattern if one triangle has been formed with specific period with another triangle that has almost double the first period? your monthly chart harmonic pattern are forming the first triangle from november 2005 to june 2008 (approximately 3 years) but your another triangle starts from February 2009 to April 2015 (6 years)? thank you
Hi Sants,

Yes! We look for symmetry. But it depends on the pattern as to time and symmetry.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #975,072
  • Mar 28, 2015 9:40am Mar 28, 2015 9:40am
Quoting Mr. Scott
{quote} Hi Sants, Yes! We look for symmetry. But it depends on the pattern as to time and symmetry.
How about this? is it consider harmonic too? Bullish Deep Crab with minimum price at 0.8914 and 0.9971<<<woa almost the same with your numbers
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 59 KB
  • #975,073
  • Mar 28, 2015 9:52am Mar 28, 2015 9:52am
Quoting Sants
{quote} How about this? is it consider harmonic too? Bullish Deep Crab with minimum price at 0.8914 and 0.9971<<<woa almost the same with your numbers {image}
That one has been there awhile. IMO, it failed as I do not like the structure but fib confluence would make it harmonic and lend it credence.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #975,074
  • Mar 28, 2015 10:00am Mar 28, 2015 10:00am
Quoting Mr. Scott
{quote} That one has been there awhile. IMO, it failed as I do not like the structure but fib confluence would make it harmonic and lend it credence.
in your oppinion and experience, what the concept of 'harmonic pattern' itself? what are you looking for the priorities?
1. Fib confluences?
2. Symmetry in shape?
3. Symmetry in period?
4. Symmetry in range (pips differ)?
5. Mirror shape?

i read too much about harmonic trading manuals, the more i read without real charts, the more i get mind blown because one trader says another thing contradicted to another trader
  • #975,075
  • Mar 28, 2015 10:03am Mar 28, 2015 10:03am
Quoting Sants
{quote} in your oppinion and experience, what the concept of 'harmonic pattern' itself? what are you looking for the priorities? 1. Fib confluences? 2. Symmetry in shape? 3. Symmetry in period? 4. Symmetry in range (pips differ)? 5. Mirror shape? i read too much about harmonic trading manuals, the more i read without real charts, the more i get mind blown because one trader says another thing contradicted to another trader
Look for precise ratios and symmetry for validity. But as mentioned, harmonic movements occur frequently that are not patterns.

I would say you have to work with them as opposed to just reading about them, and eventually, to come up with your own rules.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #975,076
  • Mar 28, 2015 10:12am Mar 28, 2015 10:12am
Quoting Luzbay
Out of interest, and whilst on the subject of pivot points -- On which timeframe(s) do you plot your pivot points? I have been putting daily and weekly on the M10 minute chart and plotting trend lines on the longer timeframes (D1, H4, H1). How about everyone else?
The thing about pivots is that there is no golden time frame to use... One the other hand, I would recommend you use daily pivots. The reason for that recommendation would be, because not only do those pivots change daily, but that is where price action reverses, and accumulated at. Another thing you would have to notice about daily pivots is the fact that depending on the time you require the calculation to begin, it will lead to different prices.

http://www.actionforex.com/markets/p...2010040846445/

Please note that the link above will recalculate the pivots for you accordinly, and if you used daily, you will then notice how many times EU rejected clean off the PP (main pivot) Think about all the other prices in which the price could of rejected clean off of (refer to the 5m chart) and you will notice that the PP (MAIN PIVOT) ended up being the biggest resistance for EUR.USD
5% a day keeps the 9 to 5 away.
  • #975,077
  • Edited 10:45am Mar 28, 2015 10:29am | Edited 10:45am
Quoting Mr. Scott
{quote} Just looking, I have one at 1.1277.
Good day , Mr S, just reading your post as ever with interest , 2p worth i dont trade it so here goes , first 2 points for me make the tl,, so 1, price has come past the 61% and hit the tl,, 2, Is it the end and a bounce back up to the x.??? 3 Is the price coming to test the 61% and then break that tl, regards B
Attached Image (click to enlarge)
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  • #975,078
  • Mar 28, 2015 10:29am Mar 28, 2015 10:29am
Quoting Mr. Scott
{quote} Look for precise ratios and symmetry for validity. But as mentioned, harmonic movements occur frequently that are not patterns. I would say you have to work with them as opposed to just reading about them, and eventually, to come up with your own rules.
my eyes gonna bleed for this
so fibs confluences hm. this is NZDUSD H4, you noticed this pair lately? i found several harmonic as follow:
1. White lines
2. Yellow lines
3. Blue lines

From those lines, what is the perfect harmonic aside from wether it is pattern or not IYO?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
  • #975,079
  • Mar 28, 2015 11:41am Mar 28, 2015 11:41am
Have this for Pivots
Attached File(s)
File Type: mq4 ###1Auto Pivot.mq4   15 KB | 276 downloads
File Type: ex4 #Daily_Pivot.ex4   8 KB | 274 downloads
File Type: ex4 SDX-TzPivots.ex4   21 KB | 257 downloads
A good trader follows his rules, but great trader knows when to break them
  • #975,080
  • Mar 28, 2015 11:44am Mar 28, 2015 11:44am
Quoting elbert3
{quote} Good day , Mr S, just reading your post as ever with interest , 2p worth i dont trade it so here goes , first 2 points for me make the tl,, so 1, price has come past the 61% and hit the tl,, 2, Is it the end and a bounce back up to the x.??? 3 Is the price coming to test the 61% and then break that tl, regards B{image}{image}{image}
Thanks for the charts B, Have a good weekend buddy.
The world you desire can be won. It exists.. it is real.. it is possible..
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