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Pivot Trading

  • #19,942
  • Jun 11, 2018 10:40pm Jun 11, 2018 10:40pm
Quoting thkim
{quote} why don't you open your own thread. I'm also interested in CME data and its plot on chart. And appologies for posting here
You are removed from here.There is PM for this kind of interaction!
In trading, you have to be defensive and aggressive at the same time
  • #19,943
  • Jun 11, 2018 10:56pm Jun 11, 2018 10:56pm
WE should see reaction on EA at WP
Either breaks or turns around North
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In trading, you have to be defensive and aggressive at the same time
  • #19,944
  • Jun 12, 2018 1:14am Jun 12, 2018 1:14am
Closed UJ, its at an interesting place, but waiting for PA between 78-100, that could be a good spot
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  • #19,945
  • Edited 2:30am Jun 12, 2018 2:15am | Edited 2:30am
GBP
Nice article about GBP from ING.
https://think.ing.com/articles/gbp-t...rexit-trinity/

Short-term Brexit uncertainties keeping GBP sidelined for now
We estimate that GBP/USD is trading with a 2.5-3.0% discount at present – which is indicative of a 'muddling through' Brexit risk premium. This is unsurprising given the near-term focus on the Commons Withdrawal Bill vote (tomorrow) and the 28-29 June EU leaders’ summit. We would expect this uncertainty premium to remain in the price of GBP until further clarity on the Brexit front.
However, GBP's currently depressed value suggests that a lot of 'bad' Brexit news is already in the price. For a more sustained downturn, we'd need to see the probability of a 'hard' Brexit pick-up substantially. This week's events in the House of Commons are unlikely to shift one's assessment materially (in either direction).

Summary of the article,
Bottom line: A lot of bad news priced in... but hard to find a positive Brexit catalyst
While a tricky summer of Brexit politics lies ahead, with May facing an impossible Brexit trinity, the pound still remains a good long-term value play. Our current forecasts continue to look for sterling to navigate towards levels consistent with a ‘neutral’ Brexit later this year (GBP/USD: 1.43 and EUR/GBP: 0.86)* – with the near-term balance of risks tilted towards GBP/USD moving back towards 1.36 (200-day moving average).
*These remain under review – and we will address GBP's longer-term direction in a note later this summer.
One Good Trade
  • #19,946
  • Jun 12, 2018 3:12am Jun 12, 2018 3:12am
Possible asked and answered many time's.
Having a hard time warping David's pivot indicator to line up with the most recent pivot's point's
No matter what I try there is always 25 pips difference (post#1 state: 10 pips or less is normale)
Have tried Davits Pivot V3.2 Auto and Davit's Pivot V3
---
South Africa is 6 houers ahead of New York.
  • #19,947
  • Jun 12, 2018 3:16am Jun 12, 2018 3:16am
Quoting Tekkies
Possible asked and answered many time's. Having a hard time warping David's pivot indicator to line up with the most recent pivot's point's No matter what I try there is always 25 pips difference (post#1 state: 10 pips or less is normale) Have tried Davits Pivot V3.2 Auto and Davit's Pivot V3 --- South Africa is 6 houers ahead of New York.

Give a try with Pivot_Voty-2. It worked for me
The only thing that will make us successful is if we can control ourselves!
  • #19,948
  • Jun 12, 2018 3:17am Jun 12, 2018 3:17am
Quoting Tekkies
Possible asked and answered many time's. Having a hard time warping David's pivot indicator to line up with the most recent pivot's point's No matter what I try there is always 25 pips difference (post#1 state: 10 pips or less is normale) Have tried Davits Pivot V3.2 Auto and Davit's Pivot V3 --- South Africa is 6 houers ahead of New York.
play with - or + to alight with this

https://www.actionforex.com/markets/...-pivot-points/
make sure its weekly
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In trading, you have to be defensive and aggressive at the same time
  • #19,949
  • Jun 12, 2018 3:31am Jun 12, 2018 3:31am
regarding pivots levels - what did the job for me, because none of the options worked for me, generally speaking. Had problems mainly with AUD and JPY pairs, even if most of the other pairs were correct. Even had 25-35 pips difference for some (using Oanda Europe).

I took each pair and played with - and +, or simply set broker candle to true, so the pivots were aligned with the pivots from the site previously mentionet by Davit. https://www.actionforex.com/markets/...-pivot-points/

Then saved the template for that pair. I usually have opened in tabs each pair that I follow, but won`t be much of a trouble to load the template for that pair.

So it`s pretty easy: align all pairs you trade -> save template for each chart -> load template every time you need that pair.
  • #19,950
  • Jun 12, 2018 3:39am Jun 12, 2018 3:39am
Quoting Tekkies
Possible asked and answered many time's. Having a hard time warping David's pivot indicator to line up with the most recent pivot's point's No matter what I try there is always 25 pips difference (post#1 state: 10 pips or less is normale) Have tried Davits Pivot V3.2 Auto and Davit's Pivot V3 --- South Africa is 6 houers ahead of New York.

Tekkies where in SA are you from? I'm also from SA had some problems but used Davit's action market reply to align the pivots. We should text on w/app to expand knowledge if you don't mind.
Again Davit introducing me to pivots saved me pips, money and time. Thank you and bless you.

Happy green pips.
  • #19,951
  • Jun 12, 2018 3:43am Jun 12, 2018 3:43am
Quoting TamiMurakami
{quote} Tekkies where in SA are you from? I'm also from SA had some problems but used Davit's action market reply to align the pivots. We should text on w/app to expand knowledge if you don't mind. Again Davit introducing me to pivots saved me pips, money and time. Thank you and bless you. Happy green pips.
Please us PM for this ... no one here needs to read about that.
  • #19,952
  • Jun 12, 2018 3:43am Jun 12, 2018 3:43am
Quoting Tekkies
Possible asked and answered many time's. Having a hard time warping David's pivot indicator to line up with the most recent pivot's point's No matter what I try there is always 25 pips difference (post#1 state: 10 pips or less is normale) Have tried Davits Pivot V3.2 Auto and Davit's Pivot V3 --- South Africa is 6 houers ahead of New York.
Hi Tekkies,

if you don't want to bother with timezone settings you can try "Pivot_Voty-2 ALERT".

As you can see pivots match the correct ones here:

https://www.actionforex.com/markets/...-pivot-points/

Best regards,
Bubincka
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Attached File(s)
File Type: ex4 Pivot_Voty-2 ALERT.ex4   71 KB | 641 downloads
Porta itineris dicitur longissima esse
  • #19,953
  • Jun 12, 2018 3:57am Jun 12, 2018 3:57am
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  • #19,954
  • Jun 12, 2018 4:02am Jun 12, 2018 4:02am
Will just have to live with it. Just just inside spec "Its a zone after all"
Davit, Bubincka concerning refereer web page:
Click here for other pivot points: Standard, Fibonacci, Camarilla, Woodie’s, DeMark’s, Forumlas

Will it make / have any difference as to what type of pivot point's are used?
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  • #19,955
  • Jun 12, 2018 4:12am Jun 12, 2018 4:12am
Quoting Tekkies
Will just have to live with it. Just just inside spec "Its a zone after all" Davit, Bubincka concerning refereer web page: Click here for other pivot points: Standard, Fibonacci, Camarilla, Woodie’s, DeMark’s,...

I sent you PM

It should work
  • #19,956
  • Jun 12, 2018 4:15am Jun 12, 2018 4:15am
Hi Davit
Yesterday I sent you a PM related to Scott Carney books.
Thank you!!
  • #19,957
  • Jun 12, 2018 4:20am Jun 12, 2018 4:20am
Quoting tronner
Hi Davit Yesterday I sent you a PM related to Scott Carney books. Thank you!!
Do you have a [SEARCH] button on your keyboard?
Look for one.
  • #19,958
  • Jun 12, 2018 4:46am Jun 12, 2018 4:46am
Quoting pgr45za
{quote} Do you have a [SEARCH] button on your keyboard? Look for one.
Thank you. They are not for me, I already have them. It is for another question.
But thank you very much
  • #19,959
  • Jun 12, 2018 4:57am Jun 12, 2018 4:57am
Quoting Tekkies
Will just have to live with it. Just just inside spec "Its a zone after all" Davit, Bubincka concerning refereer web page: Click here for other pivot points: Standard, Fibonacci, Camarilla, Woodie’s, DeMark’s,...
Hi Tekkies,

as far as I understand your question, the WP_line is the same, while R/S levels change as per their specific calculation-

Bubincka
Porta itineris dicitur longissima esse
  • #19,960
  • Jun 12, 2018 5:46am Jun 12, 2018 5:46am
Quoting bubincka
{quote} Hi Tekkies, as far as I understand your question, the WP_line is the same, while R/S levels change as per their specific calculation- Bubincka
Am trying to understand Pivot Point's indicator.
You have to understand the indicator before you even can start using Pivot Point's as Davit has posted.
A wrong setting will and can have a major impact on trading results.
(Unless you are one of many driver's that know there is a engine in front or back of the steering wheel and need's oil / water / fuel and don't care about the rest)

Inside the indicator and on webpage a trader has a choice to use Standard or Fibonacci. Does it really matter what you chose?
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