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  • #1,018,801
  • Aug 13, 2015 2:30am Aug 13, 2015 2:30am
Quoting MaxDoom
{quote} where would you put it? I like to get out of a trade if I know the entry reason was invalid.... I entered because price went below pivot
For your entry around 1.115, above the latest high on TF 30min... I'm learning many things from you, gator, sisse, ken A following all you guys since 2-3 years ago and thanks all for your great posts. Personally, I'm low profile and don't like to post too much on forum ... keep up with the good work. Max, based on your pivot indicator, I developed mine with time shifting and from your screenshots I can see if all my pivots are correctly.
Speculation converts one man's capital into another man's income
  • #1,018,802
  • Aug 13, 2015 2:30am Aug 13, 2015 2:30am
Quoting forexings
{quote} Trying to setup drama because they need a tool to control euro since China threatening their manipulation plan. Greece is their best tool
you are such a conspiracy nut.....
  • #1,018,803
  • Aug 13, 2015 2:33am Aug 13, 2015 2:33am
Quoting cipid2012
{quote} For your entry around 1.115, above the latest high on TF 30min... I'm learning many things from you, gator, sisse, ken A following all you guys since 2-3 years ago and thanks all for your great posts. Personally, I'm low profile and don't like to post too much on forum ... keep up with the good work. Max, based on your pivot indicator, I developed mine with time shifting and from your screenshots I can see if all my pivots are correctly.
  • #1,018,804
  • Aug 13, 2015 2:35am Aug 13, 2015 2:35am
Quoting gatorinla
{quote} 1119 is 3/4.. a possible new sell 1181 headfake {image}
Hedge + at 1122; sl at 1116 and 1111
Riding the Dragon....
  • #1,018,805
  • Aug 13, 2015 2:44am Aug 13, 2015 2:44am
Quoting bizzbastian
Dax up, Dollar up , so I will keep my shorts probably until 1.11 what is the 15M 200ema
took profit.. too hot for me
Attached Image (click to enlarge)
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  • #1,018,806
  • Aug 13, 2015 2:46am Aug 13, 2015 2:46am
Quoting cipid2012
{quote} For your entry around 1.115, above the latest high on TF 30min... I'm learning many things from you, gator, sisse, ken A following all you guys since 2-3 years ago and thanks all for your great posts. Personally, I'm low profile and don't like to post too much on forum ... keep up with the good work. Max, based on your pivot indicator, I developed mine with time shifting and from your screenshots I can see if all my pivots are correctly.
initially i will take half off @ 1085 target the daily low after but will be prepared to dump after tp1
Attached Image (click to enlarge)
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  • #1,018,807
  • Aug 13, 2015 2:48am Aug 13, 2015 2:48am
Quoting Farstrider
{quote} Hedge + at 1122; sl at 1116 and 1111
And bustedIt seems like a pretty simple game now. Just add to the shorts on rises. I am over thinking this with the hedges. Will hedge (no plus) at 0964 with tp 1020-1040The current high stands 5 pips above the 618 retrace of the longest euro moveSo by the book this could be a DT of 618 prior to subparity move to 726- 75
Riding the Dragon....
  • #1,018,808
  • Aug 13, 2015 2:49am Aug 13, 2015 2:49am
Quoting MaxDoom
Daily pivot has given taken a short but not looking for much from it bias is still long. Next level of interest is Weekly R2 1.1084 {image}
Awesome, I read the same. Thanks again Max for the help.
  • #1,018,809
  • Aug 13, 2015 2:52am Aug 13, 2015 2:52am
Set up invalidated now .

Side note / I missed a perfectly good short set up. ( fit my rules perfectly ) Because of a directional bias , I only saw one set up not the other !! Thought I had the mental aspect of this whipped a long time ago . Obviously NOT .

Already had a good week . Might take the rest off and try to reset .

Good trading all . Lurking for now .
Peace
  • #1,018,810
  • Aug 13, 2015 2:57am Aug 13, 2015 2:57am
Quoting Rockerzeus
{quote} I think you need to clarify your Pivot range calculation for us to understand. (Pivot Range is (high + low) /2 - Pivot Point) gives 1 result and you have 2 level for pivot range.Thanks
Manually the formula I posted will give you the pip difference on either side of the Pivot to draw the Range lines.(0.00126 pips). It should look like the chart below.

If you're on the MT4 platform, here's an indicator version. You would need to set the time in the presets so the start/end time lines up with 5PM NY close so it will calculate the Pivot level correctly.

https://www.mql5.com/en/code/7441

Quoting MaxDoom
{quote} you are such a conspiracy nut.....
Lol
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  • #1,018,811
  • Aug 13, 2015 2:58am Aug 13, 2015 2:58am
Quoting build11
Set up invalidated now . Side note / I missed a perfectly good short set up. ( fit my rules perfectly ) Because of a directional bias , I only saw one set up not the other !! Thought I had the mental aspect of this whipped a long time ago . Obviously NOT . Already had a good week . Might take the rest off and try to reset . Good trading all . Lurking for now .
I like the honesty
why is you 1115 long setup invalid, we are at the level now?
  • #1,018,812
  • Aug 13, 2015 3:00am Aug 13, 2015 3:00am
Quoting MaxDoom
{quote} initially i will take half off @ 1085 target the daily low after but will be prepared to dump after tp1 {image}
After you take half off @1085 you will move SL from 1.115 at BE for the rest, right? I like the way you minimize the risk. In general, I see you are taking half at the next "interest" pivot (daily or weekly depending when you look left at the structure) and move the SL at BE.
Please correct me if I'm wrong : in the actual situation, as you already mentioned you will take half off @1085 WR2. My question is : in case if WR2 will be broken, you will wait for retest of WR2 and you will add more or let only the remaining half to be dump at TP?
Speculation converts one man's capital into another man's income
  • #1,018,813
  • Aug 13, 2015 3:05am Aug 13, 2015 3:05am
Quoting Luther
{quote} Manually the formula I posted will give you the pip difference on either side of the Pivot to draw the Range lines.(0.00126 pips). It should look like the chart below. If you're using the MT4 platform, here's an indicator version. You would need to set the time in the presets so the Daily Open lines up with 5PM NY close so it will calculate the Pivot level correctly. https://www.mql5.com/en/code/7441 {image}
Thanks for clarification.

Than we can adjust formula as follows.

Pivot Range=Absolute Value( (Yesterday High + Yesterday Low)/2 - Today Pivot Point)

Pivot Range Up=Today Pivot Point+Pivot Range

Pivot Range Down=Today Pivot Point-Pivot Range
  • #1,018,814
  • Aug 13, 2015 3:06am Aug 13, 2015 3:06am
There will be a knock on .1080 today.
  • #1,018,815
  • Aug 13, 2015 3:07am Aug 13, 2015 3:07am
115 is critical - it's 50% of yesterday's daily, it also worked as the usual schema - 15p below opening range (130). I took 2 quick long scalps from 115.
Anyway, atm, we can have a false breakout below 115 and pull back up. Mid term, usdx have still some space for retracing UP and EU down.
GL
  • #1,018,816
  • Aug 13, 2015 3:08am Aug 13, 2015 3:08am
Quoting cipid2012
{quote} After you take half off @1085 you will move SL from 1.115 at BE for the rest, right? I like the way you minimize the risk. In general, I see you are taking half at the next "interest" pivot (daily or weekly depending when you look left at the structure) and move the SL at BE. Please correct me if I'm wrong : in the actual situation, as you already mentioned you will take half off @1085 WR2. My question is : in case if WR2 will be broken, you will wait for retest of WR2 and you will add more or let only the remaining half to be dump at TP?...
SL - pivot is broken and tested back to my entry level, so price goes above that I would expect that the trade is done but I still don't want to get shaken out unnecessarily so I have move my SL already to just above pivot giving 10 pips above entry and 25 pips above current price - more than enough. If it makes TP1 I will move SL down below entry where to depends on the PA that unfolds on the way to TP1 right now I would consider above 1.11 / Daily-midS1

As for adding, no I won't add to this trade because it is against my bias and there is little momentum so I am even in doubt it will get to TP2
  • #1,018,817
  • Aug 13, 2015 3:08am Aug 13, 2015 3:08am
Quoting shome
There will be a knock on .1080 today.
is it out the question to bounce 100 pip from here:nerd:
If you are new to Forex? Say Goodbye to your account!!
  • #1,018,818
  • Aug 13, 2015 3:10am Aug 13, 2015 3:10am
Quoting MaxDoom
{quote} I like the honesty why is you 1115 long setup invalid, we are at the level now?
Just my rules . I needed a reversal bar there ( as i see a reversal bar ) to regain the 1115 level quickly . I didnt get it .

A rejection of 1123 now would be a short set up for me but just watching now .

Edit : i'm mostly scalping 15 to 20 pips at a time with a runner here and there . Nothing long term at all . Will not carry a trade overnight without a big cushion .
Peace
  • #1,018,819
  • Aug 13, 2015 3:15am Aug 13, 2015 3:15am
Quoting Luther
{quote} pivotDiff = ((Yesterday High + Yesterday Low)/2) - pivotPoint pivotTop = pivotPoint + pivotDiff; pivotBottom = pivotPoint - pivotDiff;
Did you ever try to apply this pivotdiff to other regular pivot levels and observe reaction within those ranges?Thanks
  • #1,018,820
  • Aug 13, 2015 3:17am Aug 13, 2015 3:17am
Quoting MaxDoom
{quote} SL - pivot is broken and tested back to my entry level, so price goes above that I would expect that the trade is done but I still don't want to get shaken out unnecessarily so I have move my SL already to just above pivot giving 10 pips above entry and 25 pips above current price - more than enough. If it makes TP1 I will move SL down below entry where to depends on the PA that unfolds on the way to TP1 right now I would consider above 1.11 / Daily-midS1 As for adding, no I won't add to this trade because it is against my bias and there...
Thank you Max for your valuable info ... I'm stopping here with my questions and have a great day
Speculation converts one man's capital into another man's income
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