Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
we will find out soon.
i bet it will test TOMORROW's pivot that is now at 1.2458. tomorrows pivot will be higher than that if the market closes higher, lower if lower.
it is a rewarding deal from 1.25 to 1.2470
ok the trailing stop was too tight and i gave away almost 20 pips. so what? no problem after riding this monsterwave.
it happened exactly as predicted like a swiss clock:
the euro went to the resistence at 1.25
then tested(touched) tomorrow's pivot at 1.2472 (tomorrows pivot calculated from todays high of 1.2503)
now it should break through the resistance 1.25 otherwise it will be a bearish signal and it could test again today's pivot at 1.2497. this is very unlikely at this moment
even if the euro crosses 1.25 it will not go very high today. it has to do with market equilibrium.
there is a small chance that it shoots much higher (overbought). then we will see it to test the pivot again which will be between 1.2480 and 1.25 depending on the close.
Hey Fred1 How did you calculate that number 1.2472 for tomorrow's pivot? My chart says the high at that time was 1.2510, I have the CME open 1.2435 and a low of 1.2386. O + H + L /3 = 1.2443 ???
