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Pivot Trading

  • #15,781
  • Mar 1, 2018 9:47am Mar 1, 2018 9:47am
Attached Image (click to enlarge)
Click to Enlarge Name: nu.PNG Size: 108 KB


NU is working out nicely..getting better at Davits Pivots
  • #15,782
  • Mar 1, 2018 10:15am Mar 1, 2018 10:15am
[quote = sonseeker; 10829877] {image} NU正在很好地工作......在Davits Pivots [/ quote]
MAYBE something wrong with the pivot. i get a different pivot with you. but not distance too much.
  • #15,783
  • Mar 1, 2018 12:01pm Mar 1, 2018 12:01pm
Euro is like crazy today
  • #15,784
  • Edited 9:51pm Mar 1, 2018 12:16pm | Edited 9:51pm
Quoting Davit
Thank you guys for your support! Really appreciate it! Green pips to all you guys {image} {image}
cheers @Davit and thank you once again for a great system/Strategy, wish I had found that thread much earlier but any how it's better now than never.
"made some research and found the pivots so I am editing this post and removing the question"
  • #15,785
  • Edited 11:01pm Mar 1, 2018 12:25pm | Edited 11:01pm
Quoting liunliun
[quote = sonseeker; 10829877] {image} NU正在很好地工作......在Davits Pivots [/ quote] MAYBE something wrong with the pivot. i get a different pivot with you. but not distance too much.
Obviously either you are an idiot or just lazy.Did you read the 1st page? Obviously not

Pivot is based on broker time start and that varies from broker to broker.My broker is NY based hence if you are in that time zone no need to change anything however if you live outside this zone you need to adjust the pivot to match mine.
In order to move the pivots you need to take these steps.
Get into indy settings. Set brokers candle to false. This is the key to being able adjust the pivots up and down
'Choose H1 start candle': 2016 06 19 05:00
'Choose H1 finish candle': 2016 06 24 05:00
(5.00 a.m. may not work on your chart so try different hours till pivots line up).
Fiddle with the hour on your 'Choose H1 start candle/finish' settings to get it to line up with my pivots. When you find the corresponding hour, set the start candle and finish candle to the exact same hour. Once adjusted save as template and use that on every pair.
Updated Pivot indi just change time zone and broker candle false
should work wherever you live

You are kicked out of here not removed kicked out!
In trading, you have to be defensive and aggressive at the same time
  • #15,786
  • Mar 1, 2018 12:30pm Mar 1, 2018 12:30pm
UC at critical level should retrace at least 50pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #15,787
  • Mar 1, 2018 2:11pm Mar 1, 2018 2:11pm
Quoting Davit
UC at critical level should retrace at least 50pips {image}
that was a quick +300 pips cheers
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 01-03-2018 H1 closed.JPG Size: 123 KB
  • #15,788
  • Mar 1, 2018 7:12pm Mar 1, 2018 7:12pm
Quoting Davit
{quote} Hi Snail You have not traded my system yet or enough or read much on this thread but you already uploading indicator here without even asking 1st.I find that pretty rude.You know there are 3000 indicators out there that could help someone and should I upload all them here? I am asking you to delete your post with indicators or I going to permanently remove you from here.
Post removed. Indi was specifically for your thread and for the pairs you mentioned at the beginning of this thread...
  • #15,789
  • Mar 1, 2018 10:55pm Mar 1, 2018 10:55pm
Quoting newTraderOn
{quote} that was a quick +300 pips cheers {image}
Hi
Just to be clear you made 4 pips not 300
A Pip is 1 standard lot equaling 10 dollars.Its best just posting whatever number shows on template without any more additions.
continue on
In trading, you have to be defensive and aggressive at the same time
  • #15,790
  • Mar 1, 2018 11:16pm Mar 1, 2018 11:16pm
Quoting Davit
{quote} Hi Just to be clear you made 4 pips not 300 A Pip is 1 standard lot equaling 10 dollars.Its best just posting whatever number shows on template without any more additions. continue on
allow me to disagree with you a pip is a standard change of a currency price by 0.0001$ or 10 points which is 0.00010$ (5 digit brokers) and if you add the pips gained for all 5 trades you will find them exactly +301 pips and by the way that is what was shown on the screen but I forgot to capture it before closing the trades.

as for the standard lot size it is equal to 100,000$ therefore it generates 10$ profit/loss due to a 1 pip price change in the currency pair
  • #15,791
  • Mar 1, 2018 11:23pm Mar 1, 2018 11:23pm
since I use the mobile regularly in trading and I want to see the pivot on the chart so instead of calculating it for each pair I figured out the method as shown in the attached photos.. hope this helps someone
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_20180302-075545.jpg Size: 338 KB
  • #15,792
  • Mar 1, 2018 11:51pm Mar 1, 2018 11:51pm
Quoting newTraderOn
{quote} allow me to disagree with you a pip is a standard change of a currency price by 0.0001$ or 10 points which is 0.00010$ (5 digit brokers) and if you add the pips gained for all 5 trades you will find them exactly +301 pips and by the way that is what was shown on the screen but I forgot to capture it before closing the trades. as for the standard lot size it is equal to 100,000$ therefore it generates 10$ profit/loss due to a 1 pip price change in the currency pair
I have been trading mini lots for years and I made the same mistake calculating pip value based on mini account.To me its rather faulty.Sure you can feel better about the numbers but actual worth is decimal.
To me PIP is 1 standard lot $10 on normal regular account.Its something worth striving for.Sure mini accounts trading mini lots can be called pips but in reality that's just retail trading hook to entice more folks to join brokers.Saying you made 300pips is impressive when you really made is 47.93 ...The logic of this is baffling to me.

The most heavily traded currency pairs in the world involve the U.S. dollar (USD). When the USD is listed second in a pair the pip value is fixed and doesn't change, assuming you have a USD dollar account.
The fixed pip amount is:

  1. $10 for a standard lot which is 100,000 worth of currency.
  2. $1 for a mini lot which is 10,000 worth of currency.
  3. $0.10 for a micro lot is 1,000 worth of currency.

In trading, you have to be defensive and aggressive at the same time
  • #15,793
  • Mar 2, 2018 12:27am Mar 2, 2018 12:27am
Quoting Davit
{quote} I have been trading mini lots for years and I made the same mistake calculating pip value based on mini account.To me its rather faulty.Sure you can feel better about the numbers but actual worth is decimal. To me PIP is 1 standard lot $10 on normal regular account.Its something worth striving for.Sure mini accounts trading mini lots can be called pips but in reality that's just retail trading hook to entice more folks to join brokers.Saying you made 300pips is impressive when you really made is 47.93 ...The logic of this is baffling to...
I see the reasoning behind your analysis but i prefer to deal with it as a number to give me a better sense of profit or loss
  • #15,794
  • Mar 2, 2018 12:46am Mar 2, 2018 12:46am
Quoting Davit
{quote} I have been trading mini lots for years and I made the same mistake calculating pip value based on mini account.To me its rather faulty.Sure you can feel better about the numbers but actual worth is decimal. To me PIP is 1 standard lot $10 on normal regular account.Its something worth striving for.Sure mini accounts trading mini lots can be called pips but in reality that's just retail trading hook to entice more folks to join brokers.Saying you made 300pips is impressive when you really made is 47.93 ...The logic of this is baffling to...
Hi Davit, just to clarify a PIP is 1/100 of a basis point. It is the internationally recognised method or measuring price movement , it has nothing whatsoever to do with lot size. If price moves 50pips then thats what it did, regardless of what lot size you chose to enter a trade with. Of course you are correct that achieving X number of pips is not a full measure of success. % return on account is the true measure, but a pip is till a pip and has nothing to do with lot size.
Its all just one persons opinion
  • #15,795
  • Mar 2, 2018 1:02am Mar 2, 2018 1:02am
Quoting axecap
{quote} Hi Davit, just to clarify a PIP is 1/100 of a basis point. It is the internationally recognised method or measuring price movement , it has nothing whatsoever to do with lot size. If price moves 50pips then thats what it did, regardless of what lot size you chose to enter a trade with. Of course you are correct that achieving X number of pips is not a full measure of success. % return on account is the true measure, but a pip is till a pip and has nothing to do with lot size.
we are all right Davit is talking about the pip value which indeed differs according to lot size while we mean pip count which definitely has only one meaning that is 0.0001$ change in currency price
  • #15,796
  • Mar 2, 2018 4:14am Mar 2, 2018 4:14am
I think all platforms should really get their arse inbto gear ,,, when I move my "stop loss /take profit on MT4 the line shows as PIPS eg I set 30points TP on mt4 and if I move the TP line its shows 30pips here is an eg I have a s/l of 500 pts but when I move the sl on the chart it says 500 ticks
  • #15,797
  • Mar 2, 2018 4:16am Mar 2, 2018 4:16am
it would be much simpler if every platform used 1 pt for the lowest common tick they use ... 5 digit platforms use same as 4 digit ... HOW can the values be equal ... as such ....I'm happy totake 30pts on my charts every deal when its only 3 pips to some and yet the TP line on the mt4 platform shows 30PIPS if I move it I just bumble on set TP at 30pts ... mt4 shows 30pips (on chart ) .. happy as pig ing shyte to get there every time
  • #15,798
  • Mar 2, 2018 4:19am Mar 2, 2018 4:19am
watching EA...
  • #15,799
  • Mar 2, 2018 5:13am Mar 2, 2018 5:13am
Price breaking 100R on EN..
Be the change that you want to change
  • #15,800
  • Mar 2, 2018 7:06am Mar 2, 2018 7:06am
CJ insisting on hitting the S200
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