The Only Pivot - page 31
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the winner this week 170 pips
Very Good System
. " Terima kasih Boss ...... 
"
the winner this week 170 pips
Is the green box part of the indicator or are you adding that later?
Is the green box part of the indicator or are you adding that later?
\
just adding it.. to show me there is strong resistance
\ just adding it.. to show me there is strong resistance
Okay, thanks.
Mizuho
GBP: Consolidating above 2.0150, a fairly pivotal level, and likely to do so again today
Mizuho Corporate Bank
FXstreet.com International Traders Conference
EUR
Comment: Consolidating between the 9 and 26-day moving averages. For today expect more of the same.
Strategy: Attempt small longs at 1.3645; stop below 1.3600. Target 1.3725.
EUR/JPY
Comment: The bounce from the 160.65 low this week has been smaller than expected hinting at another downside probe this week. We shall continue with a very cautious stance and be prepared to turn positions as necessary as we move into consolidation and possibly a deeper correction mode.
Strategy: Attempt tiny longs at 161.00; stop/reverse below 160.45 for 160.00, maybe 159.00. Cover longs ahead of 164.00.
GBP
Comment: Consolidating above 2.0150, a fairly pivotal level, and likely to do so again today. Any rally is likely to be capped at 2.0450 and we got a ‘shooting star’ on the monthly candle suggesting we will hold below 2.0656 for several months. For this morning expect a downside probe, then random moves around 2.0300.
Strategy: Attempt small longs at 2.0205, adding to 2.0150; stop well below 2.0100. Target 2.0400.
JPY
Comment: Clinging to weekly trendline support but bounces from here have been a lot smaller than we had pencilled in. The US dollar is still oversold, momentum is very bearish and we have completed a large ‘bearish engulfing’ candle on the monthly chart. This suggests another push lower this week.
Strategy: Attempt small shorts at 118.50, adding to 119.00; stop above 119.65. Add to shorts on a sustained break below 118.00 for 117.20.
\ just adding it.. to show me there is strong resistance
And what is the 2ma for?
And what is the 2ma for?
could you explain a little bit more?
could you explain a little bit more?
The red moving average that's going through your candles . . . how do you factor that in with using your system?
Thanks,