Weekly Pivot to Pivot Trading

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You have a good statistic skill. I want learn more about your pivot support and resistance trading from you. Actually I use support and resistance too for my trading system, but the different is I use support and resistance history in other word I don't calculated them.
keep reading


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convergence system

Thank you -

I'll post when I can, but it's easy and the info on the first thread states how I draw and when I move them to S2/R2.
Usually I'll only have to draw the lines once and I'm good.

I do my fibs this way because for me I hate lines everywhere highs here, there and redrawing. To much noise in my head, so I spent some time to see if there was validity to my idea and it seems to work more times than not.

This method me a clearer idea of when to exit, enter, pull the stop tighter and where dealers would find good transitions for price.

eur.jpy just missed the WP ( on my chart at least) fibs still keeping things in place.

Nice L - H - LH

Let's see if the 60 min will take us back to the WP and the H-L-LH on the 60 is Valid???

Candlestick view:

eurjpy 60min this week and a two week view.

gbp.usd / eur.jpy 15 min

Here's a pivot or 2 for ya' but
you figure it out 'cuz I don't have
a clue ??

Hey Slim,

Personally, I only look at Monthly Fibs on the 4hr / Daily. Then when price approaches the levels, I'll drill down and look for something.

that's my 2 cents.

B

Here's a few charts: 30 min, Fibs Weekly Pivot to S1/R1, Daily Pivots are hashed. - Oscillator is bollinger %B, Histo is Vol with 10 period avg.

Here's 2 NR3's (Red Bars) shaping up on the Daily. Let's see how the week turns out.
NR3's I gleaned from Tony Crabel's work. Don't know if he invented it, but Google his work and you'll find it.

Here's some daily stuff with Monthly Pivots

I'm a subscriber to Futures Magazine. It's time for my renewal and they are asking me to refer 5 contacts.
If any of you would like a free subscription to Futures Magazine send me a PM with your desired email and first name.

I'll then refer you.

I promise it's not spam, just wanting to pass along some savings.

Here's the the May monthly pivots and how they played out. Red Bars are NR3 (Narrow Range 3's)

It appears that the max expansion ratio has held.

Price blew through the monthly R1 (marked with price) right to weekly R3

Thank you for sharing! Last night was the first time I've ever played with pivot points, and I'm not entirely confident in how to use them. I appreciate you posting your experience

Hello,

I am after a simple weekly Fibonacci pivot indicator for mt4 that not only plots the support and resistance levels but also the mid-levels.

I want something that does not draw lines all the way across the screen and show price to the right of the most recent/current candle..

Anyone know of such an indicator please let me know.

Can I have the one plotted on the charts (above) also.

Thank you
Raf