i will work on a strategy regarding pivot points and perhaps we can discuss it here, give me some time to run proper statistical analysis and take into account macro economic factors, the idea of pivots and volatility.......although i am afraid some ...

Daily Pivot Point Trades

looking at charts at the moment and definitely will be looking for good short opportunities today......... it broke yesterdays low by 14 pips so far statistically there is less probability of a bullish day. 65% of the time when previous low is ...

Red Lion on the hunt

no, I did not say that. THESE are useful tools, but the problem comes in EXPECTING them to be infallible, TOOLS are important to OBSERVE AND EXTRAPOLATE. but behind every decision there MUST BE THE QUESTION. if my observations are wrong, what is my ...

Daily Pivot Point Trades

sorry to hear that, we got off on a tangent. maybe we should go back to strategies using pivot points. It was the intended idea behind this thread. How to come up with ways to use pivots as tools to find probabilities and increase our chances of ...

Daily Pivot Point Trades

i do not think that disproves my claim pull up the same chart and see that 1.30 was an area of support............what is the price today 1.2775? as i said before all tools pose the question of " all things being equal............i can expect Ω to ...

Daily Pivot Point Trades

so if european banks starved for dollar liquidity begin to buy open market at a support level...........price will not move down? just because it is at support? meaning the exchange rate of eur/usd not the price of the dollar. my premise is that, ...

Daily Pivot Point Trades

i will agree with you............the INFORMED herd the uninformed will provide liquidity

Daily Pivot Point Trades

using bigger accounts to attempt to catch smaller movements. people erroneously believe that the market is TOP to BOTTOM when in fact is BOTTOM TO TOP. the tick will create the minute which will create the hour, which will create the day, which will ...

Why even daytrade?

i do not think price repeats itself. every second of those 2860+ trading days the euro has ever seen. the people selling and buying, were not the same for the same reasons, using the same information. however, the general direction of the CONSENSUS ...

Daily Pivot Point Trades

I am saying that S/R is a very good tool to indicate past areas where transactions have reached their extremes. does not really tell you whether THIS TIME orders will not be executed above or below this areas however it gives you a pretty good ...

Daily Pivot Point Trades

i think you and i have a fundamental difference on how we view charts you are postulating that a chart will dictate price i believe that price will dictate everything you see on the chart. because you see wave 5 doesn't mean anything.............per ...

Daily Pivot Point Trades

through R

Daily Pivot Point Trades

S/R? they are important as reference but they offer no Support and Offer no resistance.

Daily Pivot Point Trades

and the HERD gets slaughtered when CB's intervene they USE banks, when banks move the price the herd gets eaten

Daily Pivot Point Trades

well the failure of success is a different question in itself but BOJ has defended at 76.00 floor on the yen havent they the fed with low interest, low fed's fund rate, and QE's did succeed in devaluation of the greenback are they good policies? you ...

Daily Pivot Point Trades

my questions where meant to make you think.........i do have a little knowledge regarding pivots and i have ran statistics on them to find objective data. if i am not welcomed here to discuss ideas i will take my leave........no problem

Daily Pivot Point Trades

the problem is that blind strategies do not work..... you HAVE TO UNDERSTAND THE THEORY BEHIND IT. and UNDERSTAND THE MARKET YOU ARE TRADING. can pivots work better in more trending markets? as you know, Forex is more of a wave market with a lot of ...

Daily Pivot Point Trades

i am not saying that pivots are no USEFUL because obviously they are, have been used by floor traders with good results. basically ..........you gotta ask yourself what are they measuring? the central pivot is not really a pivot in my opinion, it ...

Daily Pivot Point Trades

the world is not ok, but money needs to be made, and invested. Where is the money going is what we need to ask ourselves. seems like earnings were positive on NYSE and investors are not going from the world is falling--- risk off, the world might ...

Red Lion on the hunt