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Pivot Trading

  • #20,821
  • Jun 27, 2018 5:55am Jun 27, 2018 5:55am
1550 strong EU support
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In trading, you have to be defensive and aggressive at the same time
  • #20,822
  • Jun 27, 2018 6:01am Jun 27, 2018 6:01am
Quoting Swede
{quote} I use Oanda with a daily start at midnight NY time....I notice your chart starts day like most mt4 that start day at the end of NY session....have you changed brokers....for the life of me I cannot get my pivot lines exactly like yours....I know I'm in the zone so no worries, but I would like to tighten up a bit...
End of NY is intentional that's when true day begins! As for not being able to get same pivots as mine try this

https://www.actionforex.com/markets/...-pivot-points/
reference
+/- 10pips is fine
if -5 does not work well try any number +/- until it lines up
pretty simple
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In trading, you have to be defensive and aggressive at the same time
  • #20,823
  • Jun 27, 2018 6:13am Jun 27, 2018 6:13am
EA still running

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  • #20,824
  • Jun 27, 2018 6:17am Jun 27, 2018 6:17am
EC +1042, GC +1696
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  • #20,825
  • Jun 27, 2018 6:18am Jun 27, 2018 6:18am
Quoting Recruit
EA still running {image}
Sometimes its best taking your money out wait for bounce reload higher where you got out hence maximizing $$
Worst is seating on profits and watching it shrink and do nothing until everything well almost everything paid back to market
You have more then enough for great swing positions!Consider it job done
ADR 107 today last 20is 110 basically move is done for today on bear side.
In trading, you have to be defensive and aggressive at the same time
  • #20,826
  • Jun 27, 2018 6:28am Jun 27, 2018 6:28am
Quoting Davit
{quote} Sometimes its best taking your money out wait for bounce reload higher where you got out hence maximizing $$ Worst is seating on profits and watching it shrink and do nothing until everything well almost everything paid back to market You have more then enough for great swing positions!Consider it job done ADR 107 today last 20is 110 basically move is done for today on bear side.
You are definitely right Davit.
I wasnt able to control trade, when i came it was already towards upside, so i ll wait for daily open reaction and R38 and then decide
Anyway thank you

Best Regards
  • #20,827
  • Jun 27, 2018 6:33am Jun 27, 2018 6:33am
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Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #20,828
  • Jun 27, 2018 6:39am Jun 27, 2018 6:39am
GN short on R61 and R78!
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  • #20,829
  • Jun 27, 2018 6:42am Jun 27, 2018 6:42am
shorting audnzd at R78
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Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #20,830
  • Jun 27, 2018 6:43am Jun 27, 2018 6:43am
Quoting assassin85
shorting audnzd at R78 {image}
ass: I have the same trade running
  • #20,831
  • Jun 27, 2018 7:08am Jun 27, 2018 7:08am
Closed EU will re-enter later. Have work to do, ADR almost at 100%(96.8) for today, 1557 pips will do for now.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #20,832
  • Jun 27, 2018 7:15am Jun 27, 2018 7:15am
Hi Erebus,

yes I have the source code and the new release I posted in #20807 fixes some bugs I found during these days.

But the biggest change is that now you can change the TP level during the life of the trades, while the previous version could only set a TP a the time when the EA was attached to the chart, somewhat clumsy and annoying.

I know a label should be useful and it's a good idea but since now I have few free time I have added the chance to select the color of TP line, in my case I set it to blue for longs and red for shorts, so that I have a quick understanding of the current chart.
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Porta itineris dicitur longissima esse
  • #20,833
  • Jun 27, 2018 7:20am Jun 27, 2018 7:20am
Quoting Recruit
{quote} You are definitely right Davit. I wasnt able to control trade, when i came it was already towards upside, so i ll wait for daily open reaction and R38 and then decide Anyway thank you Best Regards
This is what i mean Davit. You know it the best. Hammering as much as possible.

  1. Hammered 3 times bunches on trades on different levels (one per one for show)
  2. One trade (bigger lot) left for longer period of time (worst case BE, TP pre-set on C (38.2%; +-1.5600) point of developing Gartley which i posted in last days )

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  • #20,834
  • Jun 27, 2018 7:28am Jun 27, 2018 7:28am
ask yourself what' the probability of UJ dropping below 110 by this Friday.There is a trade right there.
In trading, you have to be defensive and aggressive at the same time
  • #20,835
  • Jun 27, 2018 7:29am Jun 27, 2018 7:29am
Quoting bubincka
Hi Erebus, yes I have the source code and the new release I posted in #20807 fixes some bugs I found during these days. But the biggest change is that now you can change the TP level during the life of the trades, while the previous version could only set a TP a the time when the EA was attached to the chart, somewhat clumsy and annoying. I know a label should be useful and it's a good idea but since now I have few free time I have added the chance to select the color of TP line, in my case I set it to blue for longs and red for shorts, so that...
Did you take the trades at r61 and the r78? If yes then how did they go? If not, what was your decision on not to take the trades?
Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #20,836
  • Jun 27, 2018 7:31am Jun 27, 2018 7:31am
Quoting assassin85
{quote} is there a manual?
Hi assassin85,

no manual at all, I did it for my comfort, input parameters are self explanatory, in case something is not clear feel free to ask.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #20,837
  • Jun 27, 2018 8:08am Jun 27, 2018 8:08am
Quoting Davit
{quote} Sometimes its best taking your money out wait for bounce reload higher where you got out hence maximizing $$...
Yes Davit,

sometimes it's better to take money other times it's better to hold the position.
Knowing when to take profits is key to this and any other strategy, look at what difference between half an hour ago and now on my floating profit.

ADR can give good indications, then PA as usual, which high impact news are coming, day of the week...

Best regards,
Bubincka
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Porta itineris dicitur longissima esse
  • #20,838
  • Jun 27, 2018 9:43am Jun 27, 2018 9:43am
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Sideways on UCAD, waiting for the break.
  • #20,839
  • Jun 27, 2018 9:47am Jun 27, 2018 9:47am
Quoting Recruit
EA still running {image}
HL on EA .. might be wise to close it in profits
  • #20,840
  • Edited 10:23am Jun 27, 2018 10:04am | Edited 10:23am
Quoting assassin85
{quote} Did you take the trades at r61 and the r78? If yes then how did they go? If not, what was your decision on not to take the trades?
For EN I took trades around WR100, set TP below WR78 and missed it for few pips , therefore position is still open.
Porta itineris dicitur longissima esse
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