Intraday FX Player

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.

 

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.

 

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.

 

Long @ 1.5647.

 

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.

 

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

 

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

 

Thanks.

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

 

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

 

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!