Intraday FX Player

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Yoohoo,

Most software is calculating DeMark pivots same way like floor trader.
Simple you see the line in chart.

I found that De Mark pivots are respected same way like the standard /floor traders pivot/. I assume it is therefore because "big players" are using them. Advantage is that there are just 2 of them High and Low therefore is simpler observe movement between them.

In fact there are few rules those work as minimum in 85% of cases.
One that can apply today:
If the price in early trading /for sure pior midi of regular US trading - if it happens later do not apply rule/ will reach Demark low or high and turn at this point is probable that it will reach (as minimum) opposite pivot /we can set target there/.

Another that can aply today:
If the price will climb in early trading /before midi US/ above De Mark High and continue, there is 80% probability that it will return test this value prior of end on US RTH /often is ending at this point/. This does not counts the retest after 10-30 minutes that is nearly unavoidable but after the price will go more far from this pivot. Only on strongest trend days it will not return.


Quote from yoohoo:

Don't know what De Mark hi is - De Marks stuff for me is not visually fast enough... counts or indicators.

Are you taking your dircetion form the commodity markets?

What is your entry/exit signal and can you explain De Mark Hi please?
More...
 
Quote from yoohoo:


For me the 30 min was needing a move up - so was the 2 hr and the 4 hr too. .
More...

This is what happens when the 1 hr gets sandwiched by UP pressure and time.
 
Todays Demark high by Future EUR is 5549 /by cash it will be about 20 pips higher or so/. Because we lift up to R1 I believe the rule 2 will aply - it will probably retest this value.

Gold is rising today as well. If both gold and Eur is rising there is less probable that movement is fake. Probably both want simply up /for now.
My concern is that ESTX50 has strong resistance bellow if it will start rising ES will start rising as well and in this situation Gold and Eur can turn down.
Most common situation is Eur and Gold down and ES up /opposite correlation/
 
Both 4H and 1H are looking bullish, 4H CCI is bullish as well, but 1H CCI is quite overbought (almost +300)... Trying to read what's going to be next... :)
 
Ok, if my rules about DeMark Pivots are correct it is speaking to me that way:

We have nice uptrend channel. However there is quite probable that price will return today test the 5570 on cash.
I do not know when but up to end of US trading. I will be therefore careful with longs and do not allow go them more against me.

However, like nearly everything in trading it is just probablility so it is necessary say "usually, mostly, probably".
 
when all else fails...

35 pulled the trigger on the 1 Hr from a fluid 2 bar pull back as was discussed last night (well night here)

and about 75 pips later we are on the dashed 4hr EMTL with a PP just above.

Playing the bottom channel around 25 pips more

So if you read the 1 hr right - i.e. sandwiched between a 30 min & 2+4 Hrs wanting up there was 75-100 pips AT for you.
 

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I see area of 43 was a good long entry worth 50+ pips... And now it's looking to me like going to retrace down...

P. S. Set up a second screen today and have 1H and 4H there constantly... Have to say that having them in front of eyes all the time helps to feel the market much better...
 
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