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- _Pipster_ replied Jul 28, 2009
I second that.
- _Pipster_ replied Jul 28, 2009
I think it might go for 1.6544 (Daily Pivot R1) before it starts going down a bit to the 1.6450-60 area...
- _Pipster_ replied Jul 28, 2009
Actually, you can learn like that. Most would rather not though as it tends to be an expensive way to learn.
- _Pipster_ replied Jul 27, 2009
True, that pin did bounce off a double fib support on my chart.
- _Pipster_ replied Jul 27, 2009
Yes it's a nice pin. However, my understanding is that pins have "greater value" when they come after a swing low or high. In this case, it seems to be a bullish pin towards the top of a "swing high". Therefore I personally wouldn't put much weight ...
- _Pipster_ replied Jul 2, 2009
I agree. 1.6300 and 1.6307 are S2 of 4 hour and daily pivot points respectively.
- _Pipster_ replied Jul 2, 2009
From my understanding, that's how it works "in theory" with most currencies. However, the USD isn't like most currencies. The USD is a "safe haven" currency that is the most widespread in the world. That's why when bad news hits the US, people feel ...
- _Pipster_ replied Jun 19, 2009
S3 S2 S1 P R1 R2 R3 Hourly1.63461.63661.63981.64181.64501.64701.65024 Hours1.62621.63111.63801.64291.64981.65471.6616 Daily1.59081.60481.61891.63291.64701.66101.6751 Weekly1.51341.54681.59541.62881.67741.71081.7594 ...
- _Pipster_ replied Jun 19, 2009
Seeing as it's been in a very strong uptrend since early March and that since after the highs above 1.66 like wormboy says it's been ranging, wouldn't one favor going along with the trend? Isn't the probability of this strong uptrend continuing ...
- _Pipster_ replied Jun 18, 2009
Now that I know that your GF is a buffalo, your signature makes more sense! I can see how firting can be dangerous!
- _Pipster_ replied Jun 18, 2009
Although this uptrend seems to have weakened since the last high above 1.66. This downish trend since then is very "soft" in comparison and now PA seems to be ranging.... could this be interpreted as price consolidation before the uptrend resumes ...
- _Pipster_ replied Jun 18, 2009
Thanks very much for that.
- _Pipster_ replied Jun 18, 2009
Speaking of using pivots... I'm embarassed to say that I'm not very familiar with them because I'm having a hard time creating them on the FXCM charts. Could anyone on here enlighten me on how to create daily or weekly pivot levels with FXCM charts. ...
- _Pipster_ replied Jun 16, 2009
Look 1 or 2 pages before and you'll see what he thinks.
- _Pipster_ replied Jun 15, 2009
Hi, Thanks for posting that, I'll be following it but I want to see if I can get a better entry point. I have a question for you. I know that you use really large SL... but do you trail them as the trade moves in your favor? Or do you always leave ...
- _Pipster_ replied Jun 15, 2009
WOW, I find that hard to believe given how sound your analysis is on such a regular basis. Thanks for posting your views and analysis on here by the way. I always greatly appreciate it.
- _Pipster_ replied Jun 2, 2009
Are you sure about that TP?
- _Pipster_ replied Jun 1, 2009
If you look on the 5 min chart, it has been making higher lows and higher highs since 12:30pm GMT so it looks like it still has some steam for the rest of the day...