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Pivot Trading

  • #17,281
  • Apr 14, 2018 4:46pm Apr 14, 2018 4:46pm
To further understand why pivots will work, one only has to look at the average weekly movement, and average daily movement.

For example, the AUDUSD in previous post, has a weekly movement of only 140 pips; the average daily range is 65, so it can make the weekly move in a little over 2 days.

What is it doing the other 3 days? It's ranging of course; pivots identify the "probable" area where price may reverse, that's all

I read one post that said, I knew TDI worked, I just didn't know where to look - now he does!

Check this attachment, all pairs have a average of 2.21 ratio of the daily to weekly ranges

Attached Image (click to enlarge)
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  • #17,282
  • Apr 14, 2018 5:59pm Apr 14, 2018 5:59pm
LOCATION + LOGIC = $UCCE$$

Pivots in action
Pair EURCAD
Link: https://goo.gl/MKHFoD
Plan your trade and Trade your plan.
  • #17,283
  • Apr 15, 2018 12:04am Apr 15, 2018 12:04am
Quoting pgr45za
Note: Post using Davit's template on p1.
I'm glad you brought that up, I have a question which I'm hoping either Davit or griffensoul can answer

Using the Template, without any change whatsoever:

The TDI-RT-Clone shows settings of - RSI Period = 8, TradeSignal Period = 5

The TMS Angleator V3 - RT2 shows settings of TDI Indicator RSI Price = 4, TDI Indicator Trade Signal = 3

See the difference there?

So my question is, does the Angleator read settings from TDI Clone or from the input?

If it reads the input values, shouldn't these be the same?

Thanks

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  • #17,284
  • Apr 15, 2018 4:21am Apr 15, 2018 4:21am
Quoting Erebus
{quote} I'm glad you brought that up, I have a question which I'm hoping either Davit or griffensoul can answer Using the Template, without any change whatsoever: The TDI-RT-Clone shows settings of - RSI Period = 8, TradeSignal Period = 5 The TMS Angleator V3 - RT2 shows settings of TDI Indicator RSI Price = 4, TDI Indicator Trade Signal = 3 See the difference there? So my question is, does the Angleator read settings from TDI Clone or from the input? If it reads the input values, shouldn't these be the same? Thanks {image} {image}
cool question Erebus ........ some variants of the TDI indicator use different buffer index than TDI indicator ...... so we had 2 change output buffer positions ..... dats all it is bro

TDI Red Green [no-tick].......set the TDI_Indicator_RSIPrice=4 and the TDI_Indicator_TradeSig=5
TDI-RT-Clone.........set the TDI_Indicator_RSIPrice=4 and the TDI_Indicator_TradeSig=3

each variant has good & bad but 4 Davits Clone is best ..... Red Green for TMS30 etc
  • #17,285
  • Apr 15, 2018 4:26am Apr 15, 2018 4:26am
..... for those mobile dudes who didnt know it ...... here is the step to get the Hanover TDI https://www.forexfactory.com/showthr...48#post4619948

  • #17,286
  • Apr 15, 2018 4:29am Apr 15, 2018 4:29am
Quoting Davit
Not bad week for me.Still running positive trades on NU UC will let this go next week AN is picking up and AC is looking good. {image}
Great work Davit.
I think the sooner you start using minilots for each of your positions, the happier your broker will be so he can start passing your trades off to some other poor schmuck in the open market.
Come with me if you want to live....
  • #17,287
  • Apr 15, 2018 7:19am Apr 15, 2018 7:19am
Hi everyone,

here my calendar and expectations
Monday:
USD Core retail sales. Forecast is 0.2%
Need to see a clear deviation upwards maybe 0.4 or 0.5% as numbers were volatile recently. Very strong numbers might just give the fed more support hiking a 4th time.

Tuesday:
AUD Meeting minutes
Only important if we see a comment that hints an earlier rate hike than expected

CNY: GDP q/y
Strong numbers will see a positive reaction. However this is an indirect influencer so reaction might be not as forceful

GBP Average Earnings Index 3m/y 3.0% 2.8%
I agree with Davit... I believe a positive reading if anything might only give a very limited reaction (profit taking spike) I believe we might see a correction coming up soon. I do not believe this will be news that ultimately gives us the correction. If it happens it will happen on Wednesday

Wednesday:
GBP: CPI Y/Y
CPI number as expected or lower correction very likely. If CPI number come in strongly above expectations then there might be some chances the BOE will take on another hike this year.

CAD: I do not believe that the BOC will raise rates until the Nafta deal is done and dusted. I will however avoid being in a CAD short position this week. Because if Nafta deal is agreed or the BOC unexpectedly do raise rates it will be a strong positive impact for CAD. I err on the side of caution.

NZD: CPI q/q
Forecast of 0.5% is already very positive so I expect that we get an actual of 0.5 or less the NZD will weaken as it will be a big disapoiontment. If it exceeds the 0.5 significantly for me at least 0.8 this will boost NZD

Thursday

AUD: Employment Change / Unemployment Rate
If we hit or exceed expectations we will see AUD further strengthen..hence AN might continue to go north having had a push on Friday...however this depends also how NZD CPI numbers came out/

GBP Retail Sales m/m
as mentioned before we might have already had the correction if not this is the time if we see red data and I agree with Davit although I expect the move on Wednesday. I am bearish on the short term for the pound

Friday
CAD: CPI m/m
If if fails expectation we can see CAD dropping. However I personally will not trade CAD this week due to the still ongoing uncertainties on Nafta developemnts.
  • #17,288
  • Apr 15, 2018 7:21am Apr 15, 2018 7:21am
Hi Davit,

in your calendar you mentioned
USD
Core Retail Sales m/m 0.2% 0.2%
Retail Sales m/m 0.4% -0.1% Positive prediction here if printed green could boast USD.I’ll be watching Yen primarily.

Can you explain why you would focus on the Yen in this instance?

Thanks

Jester
  • #17,289
  • Apr 15, 2018 9:04am Apr 15, 2018 9:04am
PLAN FOR MY WEEK:

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  • #17,290
  • Apr 15, 2018 9:20am Apr 15, 2018 9:20am
Quoting Jester_73
Hi Davit, in your calendar you mentioned USD Core Retail Sales m/m 0.2% 0.2% Retail Sales m/m 0.4% -0.1% Positive prediction here if printed green could boast USD.I’ll be watching Yen primarily. Can you explain why you would focus on the Yen in this instance? Thanks Jester
I think because of Siria. In short term japanese Yen can get stronger for a while.. correction on UJ (good opportunity for buy) and after good news from U.S; USDJPY can be very, very higher in next days, week, weeks.
  • #17,291
  • Apr 15, 2018 3:15pm Apr 15, 2018 3:15pm
Quoting Ganesho1989
PLAN FOR MY WEEK: {image}
Seems like a decent plan.
I would add AC L.
  • #17,292
  • Apr 15, 2018 3:24pm Apr 15, 2018 3:24pm
Quoting griffinssoul
{quote} cool question Erebus ........ some variants of the TDI indicator use different buffer index than TDI indicator ...... so we had 2 change output buffer positions ..... dats all it is bro TDI Red Green [no-tick].......set the TDI_Indicator_RSIPrice=4 and the TDI_Indicator_TradeSig=5 TDI-RT-Clone.........set the TDI_Indicator_RSIPrice=4 and the TDI_Indicator_TradeSig=3 each variant has good & bad but 4 Davits Clone is best ..... Red Green for TMS30 etc
Thanks for the reply but I'm still a little confused.

The settings I show there are direct from the supplied Post #1 Template; they are all good?

Now you say another TDI is better to use with the Angleator? It has to be on the chart right?

This is what I think all system or method people should do in Post #1, post the settings for every indicator as a screenshot as I did

That way, going to Post #1 will really give all information; not complaining, just my opinion.

On EDIT: So, I found I have TDI Red Green RealTime, are these setting correct? And will work in Angleator also or only TDI Red Green? Settings for Angleator also the Period 4 and Signal 5 ? Thanks

Have a great week all

Attached Image
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  • #17,293
  • Apr 15, 2018 9:15pm Apr 15, 2018 9:15pm
Quoting griffinssoul
{quote} cool question Erebus ........ some variants of the TDI indicator use different buffer index than TDI indicator ...... so we had 2 change output buffer positions ..... dats all it is bro TDI Red Green [no-tick].......set the TDI_Indicator_RSIPrice=4 and the TDI_Indicator_TradeSig=5 TDI-RT-Clone.........set the TDI_Indicator_RSIPrice=4 and the TDI_Indicator_TradeSig=3 each variant has good & bad but 4 Davits Clone is best ..... Red Green for TMS30 etc
Update, I have found when applying my Template it was crashing MT4

Removing the Angleator eliminated that problem; is it doing a lot of calculations?

So, I think I will just go without it for now, not basing any trade decision on it anyway

Now, just need to confirm the setting for the TDI Red Green are same as the original TDI Clone (as per Davit template)

That is : RSI Period 8 and Trader Signal Line 5 ???

==========================================================

On a completely different subject, I'm NOT a coder but I can do cosmetic changes

I have made 3 copies of Davits Pivots and made them display whether they are Daily, Weekly or Monthly lines

Do you want me to send them to you for approval or share them here? See attached chart, colors as per my selection also.

Cheers

Attached Image (click to enlarge)
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  • #17,294
  • Apr 16, 2018 12:05am Apr 16, 2018 12:05am
Quoting griffinssoul
..... hey yo its me bro ...... 2 get fibo use fibo tool change labels so it looks like Davit pivot put the pivot [0 normally on fib too] on low of W1 candle & R100 [100 normally on fibo tool] on high of W1 move the fibo pivot so its like on top of the week pivot all done {image} {image} {image}
Thanks griffinssoul,

Can you maybe put a screen shot of the levels within the fibo tool?
If possible this will assist alot as I’m not always infront of the computer.

Regards,
We obey the structure that results from the market's reaction
  • #17,295
  • Apr 16, 2018 1:06am Apr 16, 2018 1:06am
Quoting Egbert
{quote} Thanks griffinssoul, Can you maybe put a screen shot of the levels within the fibo tool? If possible this will assist alot as I’m not always infront of the computer. Regards,
I don't know about mobile device, if it's able to set the same as on computer, here they are

First make the settings, then drag into place - I didn't do the MA by 1 as the post

But you can compare the results with the actual Pivot Indicator when I dragged it to Pivot

Hope that helps

Attachment g

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  • #17,296
  • Apr 16, 2018 1:11am Apr 16, 2018 1:11am
Oops, got those arrows wrong in the last post, I will delete that picture

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  • #17,297
  • Apr 16, 2018 1:16am Apr 16, 2018 1:16am
Quoting Erebus
{quote} Update, I have found when applying my Template it was crashing MT4 Removing the Angleator eliminated that problem; is it doing a lot of calculations? So, I think I will just go without it for now, not basing any trade decision on it anyway Now, just need to confirm the setting for the TDI Red Green are same as the original TDI Clone (as per Davit template) That is : RSI Period 8 and Trader Signal Line 5 ??? ========================================================== On a completely different subject, I'm NOT a coder but I can do cosmetic...
Maybe you can add quarterly, yearly pivots as well...I'm sure couple of more lines on the chart would do no harm....most ppl on this thread have not felt a need to plot monthly pivots even though everyone should be able to plot them.

Not sure why you'd feel a need to modify the system. If at all, I'd suggest starting a new thread (Davit 2.0) and take these modifications there??? Let this one be clean and as is plz
Fall seven times, stand up Eight! #GGMU
  • #17,298
  • Apr 16, 2018 1:28am Apr 16, 2018 1:28am
Quoting Erebus
Oops, got those arrows wrong in the last post, I will delete that picture {image}

Thanks Erebus!
We obey the structure that results from the market's reaction
  • #17,299
  • Apr 16, 2018 1:48am Apr 16, 2018 1:48am
Quoting vickym
{quote} Maybe you can add quarterly, yearly pivots as well...I'm sure couple of more lines on the chart would do no harm....most ppl on this thread have not felt a need to plot monthly pivots even though everyone should be able to plot them. Not sure why you'd feel a need to modify the system. If at all, I'd suggest starting a new thread (Davit 2.0) and take these modifications there??? Let this one be clean and as is plz
I'm not modifying a system or even the indicator settings, the MN WK and Daily Pivots were always available

I didn't modify the system as you accuse me of without thinking

I did add LABELS for easy identification; I did mention it was cosmetic only; if that upsets you so much, feel free to leave.

I'm showing them on 1 chart for viewing the labels of Daily weekly Monthly only; it's not modify the system

And as far as trading goes, most know if there is a confluence of the Weekly Pivot with Monthly Pivot, the support or resistance is greater

Peace, out
It takes a lot for me to IGNORE you, but you can try.
  • #17,300
  • Apr 16, 2018 1:59am Apr 16, 2018 1:59am
Quoting Erebus
{quote} I'm not modifying a system or even the indicator settings, the MN WK and Daily Pivots were always available I didn't modify the system as you accuse me of without thinking I did add LABELS for easy identification; I did mention it was cosmetic only; if that upsets you so much, feel free to leave. I'm showing them on 1 chart for viewing the labels of Daily weekly Monthly only; it's not modify the system And as far as trading goes, most know if there is a confluence of the Weekly Pivot with Monthly Pivot, the support or resistance is greater...
If you have read enough of 'this' system, it moves around weekly pivots, so yes, your changes do 'modify' the system. I can add 50 more calculations to a chart to see additional confluences; do those increase winning probabilities, may be not. So stop assuming you are smart to put 2 additional lines; anyone who knows the system is way smarter to know this and wiser to understand they may not be needed.

As for me leaving, leave that decision to me and instead focus on your trading rather than hopping systems all the time. Utilize your time wisely, it might help you.

And next time you write, reduce usage of bolds and caps...learn some communication skills too.
Fall seven times, stand up Eight! #GGMU
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