Something which is pretty cool to back test is when a pivot is missed by less then 1 pip, what is the result over the next 2 - 3 weeks.

EURUSD

Thanks so much I got it now. That Main pivot should be like the great wall of china for EU, as it was that long bull candle which set off that drop. Should be interesting to see what happens at that price, but it appears far fetched honestly.

EURUSD

Forexfactory doesn't show any news in 45 mins. Maybe something is wrong with my page?

EURUSD

Yup they are parting ways finally. Let us see if it will remain this way. I am also watching the move on EU towards the main pivot of 1.2172........ EU missed the S1 pivot by .6 pips on my chart, so if EU makes it all the way to the main pivot then ...

EURUSD

Your welcome. I wish I was short on EJ instead of UJ, but I made profit none the less. I am now looking for a nice scalp long on EJ or EU, yet EU at this point I won't touch unless the bid closes across 1.21412 on he bid on the 5m.

EURUSD

That formation has held true... We had the show form and now we got the spike under the heel. A move up from this point should be a drawn - out one. It should take ATLEAST and hour and a half to break the high of the heel, and from there a very very ...

EURUSD

How about those apples. Now UJ, EU, EJ are all correlating. Price action is something isn't it.

EURUSD

Once you have taken the time to setup the indicator, feel free to go back as far as you can to see how the price reacts at those specific prices. On Aug 3, 2012 Which happened to be NFP friday. EU made what would be its low before reaching all the ...

EURUSD

My pleasure. I would suggest that you leave the settings as they are. Please download the very first attachment. I tried to upload it here, but it says error: Invalid file url

EURUSD

Groovy... Thanks for the advice. I just closed the UJ short I had opened, but this EU not moving has me super perplexed.

EURUSD

I understand sir. The fact is we are all gamblers when we open a positions, but thanks anyway for explaining to me how you use or dont use pivots. Keep up the good work, and I enjoy reading your post.

EURUSD

Here is a snapshot of the high heel shoe formation which is typically seen in a bear market on the smaller tf. It is the same formation which is forming on the 5m for EU. Looking up these formations, and being able to identify it can give you a nice ...

EURUSD

Typically they have a negative correlation. So much so that the chart looks inverted. Yet after yesterdays price action, they dont even look inverted as they normally do.

EURUSD

I am sorry for not conveying my message clearly, but what it is I am trying to say is the condition I have set forth of EU opening during Asia marching towards the MAIN PIVOT 1.21710 only to miss it by 10 pips, and then make a B line run to the S1 ...

EURUSD

As I mentioned Yesterday (yesterday for most of us) EU is following EJ tick for tick, which of course isnt something that it typically does. Simply looking at EJ and EU on the 1m or 5m will clearly reveal it, and I find it weird because now UJ is ...

EURUSD

We have a huge discrepancy with out pivots. Are you calculating your pivots by hand or is it EA based?

EURUSD

url You can see from the start of the daily pivot that the price moved up and never touched the daily pivot. The price then moved down, and did the same thing, and once the high was broken you got not only the touch of the pivot above, but the ...

EURUSD

I have detailed the conditions which must be followed. Simply opening a 5m chart, and using a daily pivot indicator which allows you to backtest previous daily pivots will support what I say to be true. The most important thing to consider is that ...

EURUSD

Based on todays pivots.... Main pivot 1.21714 S1 pivot 1.21220 EUR.USD has made a run towards the main pivot only to miss it by 10 pips, and now it has made a run towards the s1 pivot only to miss it by 10 pips also. Based on my price action ...

EURUSD

To answer the question of the O.P. what people consider support and resistance prices are predetermined, but they are determined daily by something called PIVOT points. Many people pick certain numbers and say that is the support of xyz currency, ...

Are support and resistance levels predetermined?