Pivot Trading

Been crazy busy the past couple day....So NJ was a SOB at first but, gotta love them S/R levels

Does anyone else think bullish unemployment rate and employment change been factored into the AUD?
Whats on my radar right now? AN, EA. will be looking for the next opportunity!!! UJ is worth keeping and eye on also.
Not to mention harmonics is also popping off decent for all 3!!!

Happy hunting!!!

This statistical rule says:

The middle pivot point (also known as the main pivot point) is reached by the price in 70 – 80 percent of the cases during the trading session.

That is, for daily pivot points about 70 – 80 percent of the time the middle pivot point will be reached at some point during the daily trading session. For the weekly pivot points, the middle pivot point will be reached at some point during the week in 70 – 80 percent of the cases etc... The same holds proportionally true for the monthly and the yearly pivot points.

OK guys, for all of you who (like me) are struggling to trade on their phones during the workday ... here is the perfect solution. Its not as easy to setup as just loading the "Trade Interceptor" app I posted before but this way lets you trade an MT4 session with all the same custom indicators (TDI) and pivots etc... as your PC screen but on your phone or tablet instead.

Check out the screenshot below - this is off my Galaxy S7.


As you can see - everything is the same as on my desktop PC. The solution is to use a VPS (Virtual Private Server). Now its not as difficult as it sounds, for example my broker Pepperstone suggests 2 providers that will do all the setups for you and host for approx $30 per month and that should include all the bandwidth you need to trade on MT4 for the month. At least one of them will pre-install MT4 for you as well. (Just google "pepperstone VPN" to see the page I am talking about, I think you should be able to use your own brokers MT4 installs with these suggested VPN providers).

Alternatively you can do what I did, use Google Cloud Platform, they offer a free trail with (IIRC) 300 credits to use on your personal server. This was somewhat more involved to setup but it was free and I wanted to try it, I have been very pleased with the results too.

If you want to try it like I did, basically sign up for the free trail, then use the online help to setup your server. you need to select the "Compute Engine" option and to select the Machine type :n1-standard-1 (1 vCPU, 3.75 GB memory) with Windows. If you choose a smaller server (i.e. to try and get a free 12 month use out of your trial) you will find it isn't powerful enough to run MT4 in Windows. (trust me ... I tried!!).
This machine will give you only a few months of free server time but its nice and smooth running and once the trial is up its around the same price as the other suggestions above BUT its Google so I trust them to not have any unexpected server downtime ... something you don't want when trading is your server to go down...!

All you need to once your server is configured is transfer your MT4 software, Template and Indicators etc.. to the new server and copy into the correct MT4 folders. (I did this by opening my email in the server internet browser, then emailing them all to myself in an email from my PC and opening the email on the VPS and saving to the MT4 directories on the VPS server).

Then on your phone/tablet you need to download the "Microsoft Remote Desktop" app, and then just enter your server details, login and open MT4 and start trading!
Hope this helps you! Its awesome for accurately checking your trades away from home.


Note: there is another option; using software such as TeamViewer to remote into your home PC from your phone, but I tried it and didn't get as good results as using a VPN.

is that David's Pivot 3?? because I can't find anything similar on your picture.

Hello guys please kindly help me with davit pivot 3
on my chart show the same pivot number like yesterday, in all pairs
I'm in GMT+7. please kindly help for the set up

The pivots are weekly pivots they will be the same all week. they dont refresh till sunday night which is the start of next week

Thanks Brian, really appreciated, So I don't need to set up anything with my timezone?

I'm thinking that it has.. still cautious, was in EA earlier, closed for a small profit..exited AN yesterday for bit...Cheers!

Use this one it does it automatically

CADJPY >800

It might get till 86.500/ R61, however, CAD somehow likes 111.9 fib and while there, I closed.

EURUSD started to build a trade

nicely done..

Hi Davit: Thanks again for the thread. I use a couple of computer utilities that may be of use to others. One to dim screen colors at night and one a magnifier. Just asking if okay to post information. Also have a book reference regarding back pain that may help some. With a stretch some of the ideas can be applied to trading psychology. Thought I would ask first before posting. Dave.

Thanks Brian

Excellent work BrianDo what works
You sure shutting down my crazy critics

EA watching S100, UJ big rejection at R78...

EURCAD - waiting to start build a position

Some people just need to keep their crap to themselves. S/R has been used for decades. They would be smart to read some things and get on board. Who know they just might actually make some money for a change!! Love what you have going here. Just trying to share my 2 cents!!!

AU +500