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ForExtraPips replied Aug 23, 2012Sit on the pivot until what seems like eternity? edit: then after sitting for a while, it will decide what line of travel it will go, up or down.
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ForExtraPips replied Aug 23, 2012Yes, my D1 pivot is at 1.2557 also. That D1 pivot is by taking the high of the day and the low of the day, and adding the two, then dividing by two, to give you a median price for the day. Everybody has different formulas that they use. Some add the ...
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ForExtraPips replied Aug 23, 2012[quote=sdcasper;5955054] One thing that I've noticed with this whole S/R, Daily Pivot stuff, just an observation, is that after NY closes, if price is above the Daily Pivot, then the bias is bullish, if below it, then it's bearish. When I keep that ...
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ForExtraPips replied Aug 23, 2012Reason number one, R:R 1:4, reason number two, 1.2541 on my chart is showing it as mid-S1. And price right now is bouncing around the daily pivot of 1.2557. If I was able to babysit this trade, then I'd wait for price to go up some, then move my sl ...
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ForExtraPips replied Aug 23, 2012They're going to take this all the way up to 1.2660ish before it falls.
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ForExtraPips replied Aug 22, 2012Good point. Never looked at it that way. But I can tell you, after taking a three month breather from every day trading, and chasing price, instead of letting price come to me, has really helped my trading. Just in the past two and a half weeks, ...
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ForExtraPips replied Aug 22, 2012Yep. Buy the hope, which is going on right now. Then, sell the fact, which will happen within the next week.
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ForExtraPips replied Aug 22, 2012Looks to me like they want to jack it up some, so they can get in at a better price when they go sell. I smell 1.2394 by early to mid week, next week.
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