Thanks for your responses - well that's interesting - between us we have 3 different sets of numbers- mine are R1 = 1.2856 & Pivot = 1.2810.
I wonder if it has anything to do with different time zones - I'm in the U.K.
Appreciate your help.
It's got to do with brokers and datafeeds. As long as we are near about the same numbers it's OK.
I use the 5 minute charts with a couple of different indicators. Like you, I think it lets me look into the future a bit. I use ASC Trend and Woodies Double CCI on my 5 minute charts. What about you?
If USDCHF breaks down with strength 1.2050. we are going to shake.
Money, when scalping on the 5min, I use 5 and 13 ema, and momentum for entry and Awsom Osocilator for exit. It works like this: get the cross of the ema's, then confirm this with the momentum cross of its zero line. This is what I use for entry and exits when scalping. Sometime I might just go on price action alone, depending on momentum.
Back to catfx now.
I can hardly wait!
momentum doesn t have 0 line, have it?
Pivot Points (EUR/USD)
Indeed if we break 1.2852 we're going sky high.
No, I use the 100 as a zero line
Again, our beloved: