Alex B
Daily Bund whats this market?
By 'pivotal point' he means areas where price action has a tendency to return to ad then either move away/break, not the calculated pivots. Although these will give pretty good levels for the US equity indices.
If you look at the first post in the thread that level he has drawn in is a pivot drawn in to fit the price action, not calculated.
TD said:"One thing I tried was calculated pivots. I downloaded the calculator, input the numbers and marked the areas on my charts. But they just didn't work for me. i didn't get a feeling for them. So I put them to one side and concentrated on what did work for me which was S/R and fib levels."
The time in London is 10:20
The current price is 0.9785
Watching a possible Double Top on the EUR/GBP
Trigger around the 0.9800 area
The time in London is 11:40Today is Dec 31 2008
The current price is 0.9632
The High is 0.9804
Move STOP to BREAK EVEN or take some profits.
.
.
.
.
.
The time in London is 11:40Today is Dec 31 2008
The current price is 0.9632
The High is 0.9804
Move STOP to BREAK EVEN or take some profits.
.
Surely there were heaps of phenomenal patterns to be taken at the resumption of normal trading this week - or if you were on the ball, around xmas ...
Did anyone manage to ride the whole moves in eurusd and usdchf in particular that i was watching ?
Or did u make the rookie mistake i did and take your profits WAY too early