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THESE ARE MY LAST POSTS AT THIS FORUM. if you are interested mypivots.com is where me and my friends hang out analysise and trade! under the e-mini trading forums, traders lounge ,the es threads. Also the charts i have been posting are under the charts section every day. last ones now C YA!

:eek:

GOALGETTER, in regards to your question, i believe the low at 842 fullfilled a previous projection and was a swing low, but that chart was so long ago i honestly cant remember . any way the run down you mentioned would of course be negated at the next touch of the price from where the rundown...

:(

but if we dont get back into that channel and only kiss it and turn lower we would have the 'kissof death' pattern last seen at the aug secondary high of 1303 after the swing high a week or so before at 1313.50. if memory serves it was a very similar pattern to recent market action :(

ps: the answer is at mypivots.com under charts 12-27-08 page 1 :p

enough with the examples.. you get the idea ,just remember ,pay attention to the cycles, price projections and even the tech.indicators to see how oversold/overbought we are. Play around with it and you will see the magic! see if you can tell why i sold gold today at 871.00!

more fun with cycles... like projections, they can be confusing! there are literally dozens of cycles on any chart so you only want to pay attention to the more important or bigger ones!

though very simple ,it does take some getting used too! practice for a while and you'll be amazed at your ability to make incredible calls! follow our trades at mypivots and see if you can tell why we are looking at certain areas! its bound to help improve your trading.

well i suppose the simple answer to that question is to simply look at the chart. surely the high at 871.50 is more important of a high? also about 5 or 6 bars later when we once again touch 866.25 that projection would be invalidated anyway! had we continued lower it surely could have been a...

note that 2 friends at mypivots have rfined my methods where they would add the 19.63to the retracement value at 857.75 instead of the start of the move like i do. this gives 877.38 as opposed to 875.50, and they have proven to be very accurate also! Also note that all projections become...

VOwater and P.T.emini have their computers and charts with fib extention tools built in where i have to it the old fashioned way, in my head or with a calculator!...sigh... the students have become the masters?...:eek:

go to the charts section at my pivots and youll see the days examples of what we were looking at (ie:which highs or lows we used) remember the important projection numbers are the 1.618 and 2.618 numbers!

i guess thats the $64000 question! i try to use the most important swing highs or lows for any projection, especially on the 15 min chart, which i use for a bigger picture overview of expected market action. its not that other lows or highs wont work ,but the more significant the low or high ...

The formula used in the calculation of the Tom DeMark "Pivot Points" are: The value of X in the formula below depends on where the Close of the market is. If Close < Open then X = (H + (L * 2) + C) If Close > Open then X = ((H * 2) + L + C) If Close = Open then X = (H + L + (C * 2))...

to get a real idea how to use these in trading ,just go to mypivots.com the es thread for 12-26-08 under traders lounge forum. we had another newbie(Molly) so i took great pains to explain my reasoning on a couple trades.... hope that helps!..... take note that i keep posting 855.75 when the...

well put, friend. i dont use any of my Kools tools alone .but prefer to use them together to get a picture of probable market action.... not a holy grail to be sure ,but extremely powerful tools to have in your arsenal!.... take note that i keep misstyping 855.75 when of course the projection...