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Pivot Trading

  • #12,541
  • Nov 2, 2017 4:04am Nov 2, 2017 4:04am
will see how AU will develop, ADR almost at 97% for the day already and getting rejected on previous resistance and WP
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The only thing that will make us successful is if we can control ourselves!
  • #12,542
  • Nov 2, 2017 4:47am Nov 2, 2017 4:47am
Quoting vickym
EJ is finding it hard to break the pivot {image}
EJ seems like setting up for a big breakout. Stuck in a 15 pip range since morning between daily open and weekly pivot.
Fall seven times, stand up Eight! #GGMU
  • #12,543
  • Nov 2, 2017 5:54am Nov 2, 2017 5:54am
Quoting ravenbg
Hi All, Could someone confirm the pivot on EU, just checking if it matches yours. All adjusted according to Davit's post on 1st page, thanks. The trade you see is different and not based on Davit's system. {image}

I have .16654 which is probably just the difference in brokers?
Blessed is the one who takes refuge in Him.
  • #12,544
  • Nov 2, 2017 6:04am Nov 2, 2017 6:04am
Quoting ravenbg
Later I will post the settings I changed, not in front of my pc now.
Please find the settings, I tested both indis and both show the same pivot and S/R. My broker is GMT +1, I can confirm that the 2nd indi (which has the option start and end hours) shows the weekly open and close correctly.
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  • #12,545
  • Nov 2, 2017 6:33am Nov 2, 2017 6:33am
Quoting ravenbg
{quote} Please find the settings, I tested both indis and both show the same pivot and S/R. My broker is GMT +1, I can confirm that the 2nd indi (which has the option start and end hours) shows the weekly open and close correctly. {image}{image}

if you cannot adjust it with the auto pivot indi try the manual version. It takes me only like 5 seconds every week on Sun/Mon to change the dates on it and is working fine from the very beginning I am using it. Try my setting and see if it matches the pivot levels on the chart below.
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The only thing that will make us successful is if we can control ourselves!
  • #12,546
  • Nov 2, 2017 6:37am Nov 2, 2017 6:37am
GBP very weak today.

GA
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GC
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GN
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if you're doing we all have results with all
  • #12,547
  • Nov 2, 2017 7:18am Nov 2, 2017 7:18am
close or wait?? This is a question. The reason say close and the greed say waiting.

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if you're doing we all have results with all
  • #12,548
  • Nov 2, 2017 7:24am Nov 2, 2017 7:24am
Quoting jarfx05
close or wait?? This is a question. The reason say close and the greed say waiting. {image}

Close
  • #12,549
  • Nov 2, 2017 7:25am Nov 2, 2017 7:25am
Quoting jarfx05
close or wait?? This is a question. The reason say close and the greed say waiting. {image}
what exactly is your entry method on these trades? Plus why did you short knowing BOE will more likely raise the rates hence making it more likely for GBP to go north..?What was THE EDGE over here?
  • #12,550
  • Nov 2, 2017 7:30am Nov 2, 2017 7:30am
Quoting pgr45za
{quote} Close
already closed.
if you're doing we all have results with all
  • #12,551
  • Nov 2, 2017 7:38am Nov 2, 2017 7:38am
Quoting zackz
{quote} what exactly is your entry method on these trades? Plus why did you short knowing BOE will more likely raise the rates hence making it more likely for GBP to go north..?What was THE EDGE over here?
I'm looking for strong and weak couples. Today GBP was weak. News is always a lottery. Today was successful.



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if you're doing we all have results with all
  • #12,552
  • Nov 2, 2017 7:43am Nov 2, 2017 7:43am
Quoting jarfx05
{quote} I'm looking for strong and weak couples. Today GBP was weak. News is always a lottery. Today was successful. {image}
Buy the rumour and sell the news.
  • #12,553
  • Nov 2, 2017 7:44am Nov 2, 2017 7:44am
Quoting pabuuu
{quote} if you cannot adjust it with the auto pivot indi try the manual version. It takes me only like 5 seconds every week on Sun/Mon to change the dates on it and is working fine from the very beginning I am using it. Try my setting and see if it matches the pivot levels on the chart below. {image}
Hi, I tried that and no matter what I always get 1.11987 on AUD/NZD. I also tried the hours you entered to see what it will show and it showed 1.12114, but these are not the hours of my broker.
In order to make sure everything is alright I will summarize what I am doing:
On the start candle I input the date and hour of the market opening of my broker.
On the finish candle I input the date and hour of the market close of my broker.
Is that right?
I also use the show periods on the chart which shows open and close of market on my MT4 broker, so everything aligns, I guess that due to the different time zones pivots will be different, because brokers will open and close at different time and sometimes price differs on different brokers, when it comes to highs and lows.
  • #12,554
  • Nov 2, 2017 7:44am Nov 2, 2017 7:44am
Quoting jarfx05
{quote} I'm looking for strong and weak couples. Today GBP was weak. News is always a lottery. Today was successful. {image}
Still can't get this indi you shared to work. Division by 0.
  • #12,555
  • Nov 2, 2017 7:51am Nov 2, 2017 7:51am
Quoting ravenbg
{quote} Hi, I tried that and no matter what I always get 1.11987 on AUD/NZD. I also tried the hours you entered to see what it will show and it showed 1.12114, but these are not the hours of my broker. In order to make sure everything is alright I will summarize what I am doing: On the start candle I input the date and hour of the market opening of my broker. On the finish candle I input the date and hour of the market close of my broker. Is that right? I also use the show periods on the chart which shows open and close of market on my MT4 broker,...

1.12114 is like only 4 pips away from my line which is more than acceptable so I would leave it like that. Try to put opening hours for your GMT zone not the brokers. My GMT is 0 and brokers +3 and I have left mine at 0 and is working right as well.
The only thing that will make us successful is if we can control ourselves!
  • #12,556
  • Nov 2, 2017 7:53am Nov 2, 2017 7:53am
Quoting reo4ua
{quote} I have .16654 which is probably just the difference in brokers?
That's what I am saying. I brought that up because Davit said we should align pivots to his, which confuses me, that is why I want to know if we should use Davit's broker timezone or the one we trade on.
  • #12,557
  • Nov 2, 2017 7:59am Nov 2, 2017 7:59am
Quoting pgr45za
{quote} Still can't get this indi you shared to work. Division by 0.
https://www.forexfactory.com/showthr...564227&page=86
if you're doing we all have results with all
  • #12,558
  • Nov 2, 2017 8:02am Nov 2, 2017 8:02am
Quoting jarfx05
{quote} https://www.forexfactory.com/showthr...564227&page=86
Thanks

I will try it out
  • #12,559
  • Nov 2, 2017 8:14am Nov 2, 2017 8:14am
Quoting ravenbg
{quote} That's what I am saying. I brought that up because Davit said we should align pivots to his, which confuses me, that is why I want to know if we should use Davit's broker timezone or the one we trade on.
Davit trades on Oanda which is US based and closes on 5pm est. So yes adjust yours accordingly so it's on the NY close.
Trade with confidence, trade without fear.
  • #12,560
  • Nov 2, 2017 9:18am Nov 2, 2017 9:18am
Quoting FXClarity
{quote} Interest rate rise is long overdue...and I’m a UK resident...fortunately with a property that’s paid for. I’d be surprised if they did it now rather than Q1 but if they do I’ll merely build into further GBP shorts against the AUD and enjoy greater profits
..and enjoying the profits
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