- Search Energy EXCH
- acumen replied Jan 17, 2008
My either but I'm on the East coast — The US Session sucked today. But that's how the games played. The EU session is the best the majority of the time. Have a good day... night my friend.
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 17, 2008
Flag forming - whatch for a break — See pic below for flag. If it breaks south I'm guessing it won't go that far.
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 17, 2008
Yes - I will also but the market looks pretty stale right now — That would give us a strong confluence. (My favorite word right now) When one or more supports line up we have confluence thus a break at these levels usually signals a nice move.
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 17, 2008
Nice Chart.
— I use fibs on a longer time frame. I use the daily chart. mPivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 17, 2008
Very good sir... — NOTE: EURUSD is in no mans land as I write.
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 17, 2008
Just a thought... — ekling - I usually trade any system I use for 3 months before trading any real capital. Additionally - no matter how much capital I trade I'll trade micro-lots for another month to allow myself to adjust to the ...
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 17, 2008
That's not a bad trade execpt for that intra-day trend line — Your trading and watching the set ups exactly the way I do. I agree - It does appear that we are going to see a break at the PP. HOWEVER - WAIT FOR CONFIRMATION. I won't go long ...
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 17, 2008
Exercise some caution here... — The good news - the PP and Psych level are at .4700. The bad - Bernanke speaks at 10:00 so the market may wait until then to move. (If it moves) Support at .4600. IF you decide to go long wait for a confirmation ...
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 16, 2008
Let's take a look at the US Session — The baby blue line on the chart was support. We also drew a intra-day trend line that coincidentally crossed the daily PP. We buy after a pull back through the PP. Price hit the PP then pulled back but ...
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 16, 2008
Thank You Sir. — Thanks. I have another issue. I'm 40 and I already make a very good salary so junior trader jobs wouldn't fly either. Thanks
Money Managers - Looking for Currency Trading Positions
- acumen replied Jan 16, 2008
I know you didn't. No worries. Thanks for your reply. — I appreciate everyone's replies. I sincerely do. Thanks dunningduke!!!
Money Managers - Looking for Currency Trading Positions
- acumen replied Jan 16, 2008
WOW -
— That's incredible.Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 16, 2008
Just Lucky...
— That was a nice move. I captured a good portion of it.Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 16, 2008
It's just sitting at the PP. — I don't like the price action. My gut is saying stay out.
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 16, 2008
Hmmm... — I'm surprised the numbers out of the US didn't give the dollar a boost here. Be patient here. Let the market come to you. Wait for a good entry. Right now price action is in no mans land.
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 16, 2008
US Session - Getting Ready to Move — The chart below shows our pp with an intra-day trend line. If it break we are going up. If .4770 on the low side breaks look out below - most likely to S1 and I'd suspect to .4700.
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 15, 2008
You've go the wrong guy... — leo9 - Good question. I don't have a comprehensive answer.
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 15, 2008
Thanks Lucky57 — Thanks for your reply. Let me take a look at your suggestion.
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 15, 2008
Let's look at the US Session Today — The blue line is the PP. Since we are above the PP we are thinking long... however... I warned yesterday about a possible double top... and it appears at this point that it's materializing. Time will tell. ...
Pivot Point, Psych Levles and Intra Day Trend Lines
- acumen replied Jan 15, 2008
It's a metatrader indicator — url You can download it from the address above. (Pivot Point Indicator for Metatrader)
Pivot Point, Psych Levles and Intra Day Trend Lines