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  • #1,046,641
  • Dec 23, 2015 3:50am Dec 23, 2015 3:50am
Quoting gatorinla
wow, is it really that easy? if it was. why not post the fundamentals saying we are are going to 1.2 or 1.00. why not post it before we get there?. like now, so we can all make some money. the truth is with so many variables its impossible more than a educated guess. one mans fundies is another using fundies bs. its like telling a child, "you will not understand till your older". many of us like to be "in the know loop". the truth is its no more than a guess. some more educated than others. r/r with positive probabilities is the only winning combination...
Did you see this chart posted by Luther? (Not exactly a fundie explanation, but certainly a good one for 1.2)
http://www.forexfactory.com/showthre...34#post8658434
  • #1,046,642
  • Dec 23, 2015 3:59am Dec 23, 2015 3:59am
Quoting 666Doom
{quote} hey max please find the time to reply to my post here: http://www.forexfactory.com/showthre...09#post8657709
Pop it in a PM to me and I will try and get to it over the break

right now off to get the wife an xmas present .
  • #1,046,643
  • Dec 23, 2015 4:03am Dec 23, 2015 4:03am
Quoting USD-Bear
trying a USOil long @ 36.45
not doing much, above 36.55 might give some air
Don't be a hero. Don't have an ego. Always question yourself
  • #1,046,644
  • Dec 23, 2015 4:08am Dec 23, 2015 4:08am
Quoting 666Doom
{quote} Hey max, Do you just blindly trust the pivots and take trade off them or you do some more analysis. I have been moving towards adding pivots to my arsenal too,they look great,in tests so far. I was also wondering are indices more suitable to be traded with pivots,more then currencies. Since you are so experienced could you also tell the mathematical significance of pivots,why do they work. i have tried running numbers they don't seem to completely line up with fibs,it seems they are purely mathematical. But why do they work. Please...
My attempt follows:

There is no mathematical significance to them. They are calculated using yesterday's high, low and close. The reason they tend to work is because so many traders use them in their day trading. Because of that, the levels tend to be respected more often than not.

Pivot levels will have the same success on any asset, be it forex or indices, as traders use them regardless of what type of asset is being traded.
They do not correlate to fibs in any way. There is a website called action pivots (one word) dot com that shows you all sorts of different pivot level types, and also for different time frames too, from one hour through to weekly (I think). Most traders tend to use standard pivots in their calcs. I suggest you garner some further detail from that website.

Hope this helps.
  • #1,046,645
  • Dec 23, 2015 4:15am Dec 23, 2015 4:15am
support pull back on support small abc
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.gif Size: 198 KB
  • #1,046,646
  • Dec 23, 2015 4:26am Dec 23, 2015 4:26am
Quoting lancedes
{quote} My attempt follows: There is no mathematical significance to them. They are calculated using yesterday's high, low and close. The reason they tend to work is because so many traders use them in their day trading. Because of that, the levels tend to be respected more often than not. Pivot levels will have the same success on any asset, be it forex or indices, as traders use them regardless of what type of asset is being traded. They do not correlate to fibs in any way. There is a website called action pivots (one word) dot com that shows...
Thank you dear lancedes for taking time to reply to my post.

I will check that out.
Happy holidays
  • #1,046,647
  • Dec 23, 2015 4:35am Dec 23, 2015 4:35am
Quoting KiNgEdwarD
{quote} i though it makes mess for me only
not today actually
Sometimes it's better to be wrong,to learn..
  • #1,046,648
  • Dec 23, 2015 5:01am Dec 23, 2015 5:01am
still keeping my short from yest night
looks like .09041 will be touched then will look for .09214 or even .09387 to load more
for me tp .08826 valid as first
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB
Time is your friend; impulse is your enemy.
  • #1,046,649
  • Dec 23, 2015 5:06am Dec 23, 2015 5:06am
Quoting ktoTam
still keeping my short from yest night looks like .09041 will be touched then will look for .09214 or even .09387 to load more for me tp .08826 valid as first {image}
bought EU ...
  • #1,046,650
  • Dec 23, 2015 5:13am Dec 23, 2015 5:13am
Quoting edyraper
{quote} bought EU ...
Target? I have some longs which I intend to tp @1.0950
  • #1,046,651
  • Dec 23, 2015 5:14am Dec 23, 2015 5:14am
Quoting edyraper
{quote} bought EU ...
well... sold some with TP at 1.086
  • #1,046,652
  • Dec 23, 2015 5:15am Dec 23, 2015 5:15am
Quoting edyraper
{quote} bought EU ...
.09180 was a key for .09599 by my chart but as long we are below .09387 ill be on short
Time is your friend; impulse is your enemy.
  • #1,046,653
  • Dec 23, 2015 5:17am Dec 23, 2015 5:17am
Quoting Connors
{quote} Target? I have some longs which I intend to tp @1.0950
probably higher than 0950 ... there are some news release later @ny opening will see if can setup BE and hold ... or maybe close with loss if things go wrong (hourly chart) ...
  • #1,046,654
  • Dec 23, 2015 5:19am Dec 23, 2015 5:19am
Quoting mclon
{quote} An appeal to authority, ridicule and denigration. Please continue. Any new traders interested in TPO (or something like it) could go here: http://www.forexfactory.com/showthread.php?t=514697 This guy walks the talk.
actual professional

self-praise is no praise
Everyone has a plan 'till they get punched in the mouth.
  • #1,046,655
  • Dec 23, 2015 5:20am Dec 23, 2015 5:20am
Quoting edyraper
{quote} probably higher than 0950 ... there are some news release later @ny opening will see if can setup BE and hold ... or maybe close with loss if things go wrong (hourly chart) ...
I intend to take a chance for a short @1.0950,thin market like Maxdoom and others say, cautious here.
  • #1,046,656
  • Dec 23, 2015 5:21am Dec 23, 2015 5:21am
anyone know how to fix this ? , where is TCP port ?
Attached Image

Quoting USD-Bear
trying a USOil long @ 36.45
you've got your move ....
  • #1,046,657
  • Dec 23, 2015 5:28am Dec 23, 2015 5:28am
Quoting edyraper
anyone know how to fix this ? , where is TCP port ? {quote} you've got your move .... {image}
at least the start of it
Don't be a hero. Don't have an ego. Always question yourself
  • #1,046,658
  • Dec 23, 2015 5:29am Dec 23, 2015 5:29am
yesterday Cable messed up my trade and now this sh** messed up me.....
Look at Eur/GBP, it's explain how GU and EU moving
  • #1,046,659
  • Dec 23, 2015 5:33am Dec 23, 2015 5:33am
Quoting KucinkGaronk
yesterday Cable messed up my trade and now this sh** messed up me..... Look at Eur/GBP, it's explain how GU and EU moving
well honestly don't look at EG when trading it's like : ''which came first the chicken or the egg?''
s/o in cable long 1 time yesterday and didn't enter any more ... can't fight with falling knife
  • #1,046,660
  • Dec 23, 2015 5:37am Dec 23, 2015 5:37am
Quoting edyraper
{quote} well honestly don't look at EG when trading it's like : ''which came first the chicken or the egg?'' s/o in cable long 1 time yesterday and didn't enter any more ... can't fight with falling knife honestly
Yes mate,

yesterday I made good trade bought EU, considering weakness on USD I also buy cable hoping moving up after EU, but WTF it went down badly, early in the asian I opened buy EU, GU recover and EU went down....

Never having such bad days like this...
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