Intraday FX Player

[yoohoo]

Good question and I am so relient on software I trust I don't know the answer. I'm in the Far East at the moment, but I have my PC clock set to UK time (home) but mostly trade thru USA so I do mental gymnastics when someone asks a question that involves time.

Anyway, here's a sample of what it looks like.

 

[CFerret]

I compared your hourly bars with my time and see that your pivots are calculated using GMT 0:00 it seems.

I am between Far East and Europe, so have to add/deduct time often too.

Thank you Yoohoo, will add those pivots to my charts and will kep an eye on how they are respected by the mkt.

 

[yoohoo]

oh and the other biggie is Fib Levels. I don't use Fibs but it seems everyone who's anyone in Fx uses Fibs. I have my own proprietry charts that take care of S&R so Fibs are not necessary. That conclusion was arrived at by testing and I recommend you test Fibs and decide for yourself.

 

[CFerret]

Long @ 1.5647.

 

[CFerret]

Yoohoo:

will check fibs too, and pivot today really acting as a strong S/R.

Holding a long with a stop trailed to below pivot. An experiment of holding position longer.

 

[CFerret]

Trailed the stop to under short term TL and was stopped out for ~4% gain.

 

[yoohoo]

doing a good job. You want to get into position for the bigger swing down now on the hourly.

 

[CFerret]

Thanks.

Yeah, I see the channel broken and price under pivot, will react if see one of my short setups around this price.

 

[yoohoo]

did ya catch it? That's one to ride!

 

[CFerret]

Unfortunatelly I didnt take this one, cause had to step away for a while (guesting at my parents' home, father is seriously ill and that was the reason I didn't trade yesterday).

But your analysis was absolutely perfect Yoohoo and pivot is indeed very respected by the mkt, today I see it with my own eyes...

Thanks for adding another valuable tool to my arsenal!