Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

Give a man a fish to feed him once, teach him to fish and you can feed him for a lifetime

about the system ,read first !

http://www.forexfactory.com/showthre...85#post5023285


latest tpl and indicators :

http://www.forexfactory.com/showthre...79#post4697379

short supply/demand summary:

http://www.forexfactory.com/showthre...77#post4651277

supply/demand video, Sam Seiden inside

http://www.fxstreet.com/webinars/ses...3-e8f5ecee780e

Eurusd pivots,

http://www.actionforex.com/markets/p...tmpl=component

more indicators....

missed to zip it

there you go....

1)
Thats a pretty awesome spot for some longs.
We are right above the Monthly Pivot, RSX and stochastic are in oversold mode.... stops somewehere in the red box.

3)
Price right below Daily pivot, rsx and stochastic overbought mode.

4)
Price reacted pretty well at daily S3, rsx and stochastic in oversold mode.
Easy long.

5)
Price right above Daily Pivot. rsx and stochastic in oversold mode. easy buy.

red boxes might be spots for stops.

spto stop sotp spto sopt spto stop

nzdusd example...




rsx and stochastic overbought.... price below daily R1...would be a nice sell with stops just above daily R1 level.

Target might be around daily pivot.

edit: just noticed the bearish macd divergence...... ---> awesome setup.

never catch a falling knife.... missed this one.
nice setup tough.

1) R1 turned Support

compare this chart with the top one in post 1 ; p...

Ph.

see how pivot level R1 reacted now as support close to the pip...

baaam.

is it rly that simple?

hmm yes ..

loaded longs at R1

rsx and stoch oversold mode.

.

boom.

reloaded longs, 1.6000 psych lvl as additional support , daily S1 hold twice before.

stops around 5990.

1st target is daily pivot
2nd DM4
3rd daily R1

Thanks for the 45 pips ...bitches !

thanks for sharing

ill have to say thanks for your participation....we all have the same goal...thats why i share this system.

....to make consistently pips day by day..

dont heistate to bomb me with questions etc....


note: system still under development ;-)

kindest regards
Jonas

http://www.actionforex.com/markets/p...tmpl=component

http://www.actionforex.com/markets/p...tmpl=component

eurusd und gbpusd pivot levels...daily updated

Thanks for sharing .....Even if one doesn´t trade off this it can give a quick overview of a pair.

What has been your experience with the multi-pivot indicator ? As far as I know, actionforex ( your links ) has dynamically adjusted pivots as the day progresses.

I`ll be happy to contribute....my best wishes.





______________
michael

Great looking stuff PhAnTi, this looks right up my street!
I've been reading threads on FF for over a year now and have tried various ideas, keeping little bits from here and there, but not creating anything new!
Currently I am working on using a MTF Stochastic and RSI cycle approach on the EURUSD. I know they are very similar indicators but I use the Stoch fast on M5 and M30 plus the RSI on M5. My intention is to try and establish when the cycle is switching or gaining momentum. I then look for a 123 entry on the M5 or M15 chart in the same direction. That’s the story so far. Doesn't sound much for a years work but its the best feeling method I have used so far. I look forward to learning more from you and others on this thread and hopefully chipping in now and then! Thanks for sharing Jonas.


Phiz.

Thanks for your reply.
I didnt notice changing levels on actionforex so far....they calculate once a day....

Pivots are a pretty major tool in trading...i use them more likely then fibos etc...

hope to see more questions and replies from you in future.

Kindest regards

Jonas

Hey Phiz !

Thank you so much for your reply.
Contributing is a important step towards being a succesful trader .


It's pretty clever to watch more timeframes than just one.... you always need to have in mind which the overall trend is, up or down or sidewise.
Stochastic is a very powerful indicator in my eyes....

as i mentioned before i do play the daily pivot levels....we expect a correction from each move which is done on our charts on any timeframe and any pair at any time.
Theres always a correction.

So if we see a daily R1 e.g and we see that rsx (which isnt s.th big different compared to the rsi.) and stochastic are overbought price is likely to fall at this point for st least 20 pips (depending on timeframe,the bigger the frame the bigger the correction we aim for ofc.).

Price is likely to....
= nothing is 100 % in trading, we try to get a reliable edge and goot setups for good r:r ratio trades to be profitable in the big run.

You have some good starts with your thoughts... hope too hear more from you in this thread.

always keep it as simple as possible.

Kindest regards
Jonas


Ps: will post more about London opening and the daily pivot roundabout point tomorrow

looks it have a small bug i am trying use it for gold looks it shows euro info

did u copied MA of RSX as well? otherwise RSX wont work...RSI is white coloured,just change it to another colour in the settings...

anyway : i wont use it on metals frames except the M5 one for scalps.
especially silver is a bull lady, if u wanna trade metals with it just look for trades thast fits the overall trend,

if u have further problems with the template etc. dont hesitate to leave reply that we can fix it

kindest regards
jonas