Buk

oooh, I'm fine.....doing just enough to keep me out of the flop house yeah, stay on those +hourly charts Steve....don't go mixing it with the sharks on the sub 15mins, they'll have your pants off you quick as a flash!! I like this place a lot.....a very good mix of instruments & styles etc....some very savvy folks posting on here, you'll enjoy it!!

not me buddy!.......those little quickies belong to Anna's mob I'm far too clumsy & heavy on the button for those whippet trades LOL.... they're generally only intended as short/scalp opps....an 80/20 or 70/30 split to test the rebound........ they usually produce a 3 in 5 success rate, certainly often enough to rack up the pips on a regular basis........

aaaah, that's better.............

quickie off the 78.6 of the weeks H-L measure! looking weak into the Tokyo-London handover traffic, so not anticipating holding the remainders too long.....specially as it's rejected the prime pivot so swiftly into early Tokyo activity........any ramp back towards this mornings pivot (9828) will be an added bonus! hmmm, can't load attachments at the mo, it's not playing ball - I'll have another peek later..........

no problem!......yeah, she only uses those % s&r markers within the confines of a specific strat........usually after big days or as price is either basing/consolidating after a run up or down........ price tends to obey the 35/50 (level to level) markers a little more accurately than the conventional pivots on those occasions.......... but, as you say - unless yo have a specific strat or method which encompasses a particular set of parameters, it's often best to stay with "what you know" etc.......... nice to see you here btw, how you doin??

aaah, just a thought!......you're not, by any chance, referring to her 35 & 50% range/from closing price markers are you (from another thread)?? if so, then they're not calc'd along the conventional pivot H-L-C formula.....

Steve...... Anna-Maria calc'd today's pivots from the H-L-C of y'days session.... ie: High = 9787...Low = 9717...Close = 9754...... main piv = 9752... R1 = 9788 R2 = 9822 R3 = 9858 S1 = 9718 S2 = 9682 S3 = 9648

looks like this question spans across 2 threads.....no matter, I'll repeat it here too........ we use the 5pm NY close as it's the "recognized" cut-off trigger, certainly amongst the provider desks we deal thru anyway.....it's also the (interest) rollover time period...... we calc the weekly pivots (for the following weeks activiry) based on Fridays close......same for monthly numbers - the close of the specific weekly/monthly bar on the final trading day of the week/month..........

we use 17.00 EST (22.00 London) as our pivot calc cut-off marker....

ohhhh, there are often the odd alternative descriptive bursts far too sensitive for general consumption Cary LOL....... don't go heaping too many platitudes onto her desk, I'll have to re-arrange the door frames to incorporate her swelling head measurements....... good that you booked some profits on your position - you never quite know where they'll sling price when it begins threatening prev highs, especially ahead of tricky data......... I've been caught many times holding decent profit trailing positions only to see sharp kickbacks snatch them off the table........it's always a grudging acceptance that we need to leave a little on 'open risk' to test the intent........trouble is, judging just how much & how far back to allow them to lay! these damned instruments can spin & sprint on a dime.....

no problem Cary......well it pitched back to the pivot & looks like it'll now settle into the higher low range easing into the NY Open & ahead of the 8.30a.m Empire print........ they've closed out the shorts on the shunt of the main pivot, price is holding it's mid-line & appears to be absorbing the supply up at this mornings high zone...... long legged doji just printed on the 240m, with 30m doji printing above the pivot also.....no need to hold onto the shorts when those babies begin showing their hand....specially not on strong mid-frame behaviour!

If the Bank hadn't pre-empted inflation concerns as they did last week Jack by raising rates, then today's CPI print would have spiked & run Cable up......thus confirming the Bank were either behind the curve, or really needed to step on the gas & raise at the next meeting....... this was obviously one of their primary considerations when they met last week, & therefore much of the post meeting activity was "priced in".... traders were already positioned for a jump in Cable & have no doubt booked some profits up here in anticipation of a reaction to this weeks data...... that's not to say they won't continue to buy the pullbacks, but for now (in the short-term) the fast frame players will cash in on any interim volatility........which prompted Anna's crew to bat it back this morning........

yeah, absolutely agree!......valid points Cable has certainly stepped out of line & diverged against it's European neighbors, & you're right, it requires positive data to keep this leg honest..... it's one positive would be tepid inflation/sales output & equally insipid Stateside data....but I doubt that would encourage the more aggressive Cable Bulls to run it........ it's approaching an important level both on the Fundamental & technical front........we'll see huh! it's the support zones below here which will signal this pairs real capacity to engage the Dollar on any near term pullback shuffle........9750 is a pretty imposing double touch resistance level.....it will need to take that level & flex it's muscle there to show it means business...........

Hi Biggles........ there are opportunities across all timezones & timeframes, just depends on what type of strategy or method(s) you're intending utilizing?! sure, London attracts a good percentage of intraday volumes & the London-New York handover is probably the most active timezone regards volume/liquidity etc........ which pairs/crosses are you looking at trading? to be honest, your currency (loonie) throws up quite a few decent opportunities against the buck & is a decent candidate to trade on the medium term swing basis......... if you're intending trading the Cable (GBP/USD) or Euro via a shorter timeframe strat, then I guess you're gonna have to tailor your screen time to suit the trading/volume conditions

the levels referred to in y'days post are bracketed by todays pivot markers as the overnight action keeps this pair shouldered at the highs........ the 60-240m bars suggesting continuation thru y'days highs, with price reacting off the main pivot as Tokyo opened for business........ we have the UK CPI data printing @ 9.30 & the Stateside Empire numbers showing later @ 8.30 EST.......... still remains a compound buy on pullbacks/Asian break......... nb: that R3 pivot resistance should read; 9779........not 9799 as annotated (typo)........

yes, that european pair lends itself well to fundamental plays....as are most of the GBP crosses at the mo........ Anna-Maria's crew have been sniping Eur/Yen & $/yen thru their respective s&r levels this a.m (155.50 & 120.25) & turned their att'n to the Franc this afternoon off the 2450 resistance line......... she doesn't trade every day torero, only when key levels come into view, then she/they bat them with size & run for cover till the next opp's line up..... it would be suicide to chase sniping opp's every day - fast route to the poor house lie in wait, line em up & smack em with a baseball bat LOL..............

haaa, same instrument, similar level, different perspective!

2 other candidates to keep tabs on......... 1st chart the loonie, bang on an important range Fib.....with their interest rate statement hitting the tape tomorrow........... 2nd chart the EUR/GBP weekly chart, approaching key weekly s&r.....with a hatful of important market moving data released this week on both sides of the channel..........

so.....London was the bus driver today for sure! Nothing much occuring on the NY desks due in most part to the MLK holiday Stateside........ same old levels holding price into tonite's Asian/tomorrows London activity as the London desks disperse to the pubs!....... funny how these repetative numbers keep appearing week in week out huh? anyhow, we have 9587 thru 9615 focusing short term support & 9680 thru 9720 acting as short-end resistance above this 78.6 zone........to keep this mini leg intact, a pullback to c9575-80 would be a good zone in which to add to longs.....if not, watching the Asian range tomorrow for signs of stability will yield equally good risk to engage.......... nothing much to worry the Cable Bulls hereabouts for the time being......

yeah, sorry for the casual references.....I'll try ensure I annotate these levels more clearly with the appropriate (higher timeframe) tags in future...... it's not fair to 'assume' everyone is aware of, or scrolls back thru the threads to re-read the prev chart posts, highlighting these Fib/pivot zones....which of course folks shouldn't have to do...... consider my wrists soundly slapped

very well behaved price action so far today on the Cable.......nice Tokyo pullback, adhering to Fridays high range print & nothing to really disturb it's ascent to the pivot, where it's catching breath pre-NY........ some good markers below to guage the demand on any profit taking, with 9750 in it's sights to consolidate the recent (larger frame) pullback to c9260..........

the graph below highlights Cable’s lone assault against the buck of late……not really too surprising, given the UK’s strong fundamental showing, & with this mornings PPI print further cementing Sterlings strong bias, traders will be eyeing Fridays all important Retail Sales data for continued uptick potential…… sandwiched in between those events, are some 1st Division data prints from our calendar…..the NY manufacturing guage (Empire numbers), our own manufacturing inflationary (PPI) data & the TICS : the treasuries report which measures foreign appetite for our debt/assets…….. Bernanke is also jawboning to the Senate Budget Committee Thurs, after our CPI numbers hit the tape, so all in all, an eventful week awaits us……… the Cable Bulls will surely be looking to step on the gas if any of these U.S numbers print to the weak side…..and certainly should the UK Ret Sales confirm the BOE’s decision to pre-empt inflationary concerns by hiking rates last week…….. once/if the Jan 3 highs @ 9750 come into view & they manage to consolidate that step, the big 2.00 Round Number tub thumpers will begin to surface yet again!! interesting (possible) level coming into view on the franc too…..78.6 lurking ahead on the large Fib reading from the recent H-L………..

yeah, very good thread!.......a lot of similar price action triggers & momentum shifts at these Big Figures between the index ftrs & currencies.......which merely highlights the strong emotive behaviour traits which exist at these important 00's......... your chart example at that critical juncture is also a very common theme on the majors Walter.......so too the accompanying use of price aid confirmation (stochs/macd/rsi etc)......fake plays will generally set up on pretty good r/r flips as stops get fired off +/- 20 or so pips thru the Round Numbers......lots of paring off ensues at these numbers up & down the ladder, which obviously cause the minor pullbacks.....and it's often amusing to witness the frequency of "trappy" price acivity catch the unwary out as they fight tooth & nail to anticipate the initial direction........

best place to start when considering the type of strategy you wish to implement torero is to map a corellation graph of the respective instruments you're interested in?........ here's a link to the rolling data which updates the 5, 20 & 100 hour stats to the respective pairings......... you can then keep a check on the specific pairings & how they interact....thus refining the base structure of what you're looking to achieve........ Intraday currencies correlation - Mataf.net

I know diddly squat about index ftrs, but dependant on workload etc, would like to grab a seat at the back of the room & listen in if you fella's don't mind?? always intrigued to see how others play their respective instruments, & this site is pretty cool with a mix & match across the market spectrum........