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Pivot Trading

  • #20,841
  • Jun 27, 2018 1:14pm Jun 27, 2018 1:14pm
Very good day.

My main problem was I used to like having positions. I always wanted to enter the market but I stop myself now. Waiting with patience and pulling the trigger at the right time( I don't mean ofcourse extreme tops or bottoms ) is my main goal.


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  • #20,842
  • Jun 27, 2018 1:29pm Jun 27, 2018 1:29pm
Quoting bubincka
Hi fellow traders, I reviewed the code of the trade manager published on post # 20726 so here's a better version. In this new version it is no longer necessary to set the TP when dragging the EA on a chart. The EA can be either dragged onto the chart or added to Davit's template without any prefixed TPs. The single TP or the one in pips for each trade can be left blank or set/changed using the F7 key. Best regards, Bubincka {file}
hi Bubincka,

thank you so much for the trade manager. I wanted to ask if there is a possibility to explain what each of the settings mean? Some of them are self explanatory I know, however I do not understand what for instance risk_MM or _X_Percent Loss as well as Stop Loss per MM means. All 3 define some sort of stop but which one is applicable or how these inputs work together is not clear. It would be really great to clarify what the fields mean.

Thank you so much in advance

Jester
  • #20,843
  • Jun 27, 2018 1:34pm Jun 27, 2018 1:34pm
Quoting Davit
{quote} 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 {image}
Got it...much appreciated!!
  • #20,844
  • Jun 27, 2018 1:34pm Jun 27, 2018 1:34pm
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  • #20,845
  • Jun 27, 2018 2:03pm Jun 27, 2018 2:03pm
Quoting fibo38
{image}
Hey Fibo, welcome back
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #20,846
  • Jun 27, 2018 2:03pm Jun 27, 2018 2:03pm
AUD/USD edges lower toward mid-0.73s as DXY approaches 95
27 June 2018, 20:59

 

  1. AUD/USD looks to record daily losses for the third straight day.
  2. US Dollar Index inches higher toward the critical 95 mark.
  3. Trade deficit shrinks more than expected in the U.S.

Earlier today, the AUD/USD pair rose above the 0.74 mark before losing its traction and coming under a heavy selling pressure in the second half of the day. As of writing, the pair was trading at 0.7352, losing 0.55% on the day.
A stronger greenback is the primary driver of the pair's price action on Wednesday. The US Dollar Index, which briefly dipped below the 94 mark earlier this week, rose sharply today on the back of upbeat data from the United States and easing concerns over the trade conflict between the United States and the rest of the world further escalating.
The data released by the U.S. Bureau of Economic Analysis showed that the international trade deficit decreased to $64.8 billion in May to better the experts' estimate of $68.9 billion. Moreover, durable goods orders contracted by less than expected.
Earlier today, senior administration officials claimed that President Trump wouldn't invoke a national emergency law on China. However, White House economic advisor Larry Kudlow later said that Trump was not planning to retreat on China and forced major equity indexes to retrace their early gains. Nonetheless, the US Dollar Index hasn't shown a negative reaction and is now within a touching distance of the 95 mark, up 0.6% on the day.

D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #20,847
  • Jun 27, 2018 3:02pm Jun 27, 2018 3:02pm
dang!

NZD traders watch out for official rate data,comes in one hour
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Take what you can, give nothing back
  • #20,848
  • Jun 27, 2018 4:05pm Jun 27, 2018 4:05pm
Quoting Husky77
dang! NZD traders watch out for official rate data,comes in one hour {image}
Just amazing Husky
Building a Freedom All Time Return: 5,178.8%
  • #20,849
  • Jun 27, 2018 4:06pm Jun 27, 2018 4:06pm
Quoting Husky77
dang! NZD traders watch out for official rate data,comes in one hour {image}
What does this screenshot tells I couldn't understand.
  • #20,850
  • Jun 27, 2018 4:29pm Jun 27, 2018 4:29pm
Quoting MoneyTalks58
{quote} What does this screenshot tells I couldn't understand.
hard to explain then...
Take what you can, give nothing back
  • #20,851
  • Jun 27, 2018 5:28pm Jun 27, 2018 5:28pm
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...
Very good, thanks. The Comment I can trade without.

A few things I forgot to mention, the Hidden Take Profit is amazing, I have seen that available elsewhere but never actually used it.

The way I use the EA is to Take Profit using the ATR settings, really loving that option. I use TP Factor of 0.25 , TF of 1440 , and ATR of 50

So I see the trades close at different points, and don't achieve the huge pips on screen as others are showing.

And finally, it is great that it takes over any manual trade placed, sometimes I want to put a momentum trade of larger size on

Great to be able to do that knowing the Stop Loss and Take Profit will be set automatically

Thanks again for the EA support and good pivoting to all
It takes a lot for me to IGNORE you, but you can try.
  • #20,852
  • Jun 27, 2018 5:32pm Jun 27, 2018 5:32pm
NJ L.
  • #20,853
  • Jun 27, 2018 6:11pm Jun 27, 2018 6:11pm
Quoting pgr45za
NJ L.
Are you seeing this?



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It takes a lot for me to IGNORE you, but you can try.
  • #20,854
  • Jun 27, 2018 7:16pm Jun 27, 2018 7:16pm
Quoting Husky77
dang! NZD traders watch out for official rate data,comes in one hour {image}
You are the pip generator. Love how you trade .
Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #20,855
  • Jun 27, 2018 7:17pm Jun 27, 2018 7:17pm
someone deleted the long NZDUSD post ???

I wouldn't rush into that so early in the day, let Tokyo get warmed up, probably even into Europe and London to see what happens

I see a level from November 2017 that needs to be tested or broken, plus need some positive arrows on the Angle Meter, right?

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Edit: PS, the alert function of the Pivot_Voty-2 ALERT indicator is awesome, very useful, get alerts to the phone
It takes a lot for me to IGNORE you, but you can try.
  • #20,856
  • Jun 27, 2018 7:44pm Jun 27, 2018 7:44pm
AN 6 positions with 192.5 pips
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Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #20,857
  • Jun 27, 2018 7:58pm Jun 27, 2018 7:58pm
Quoting Erebus
someone deleted the long NZDUSD post ??? I wouldn't rush into that so early in the day, let Tokyo get warmed up, probably even into Europe and London to see what happens I see a level from November 2017 that needs to be tested or broken, plus need some positive arrows on the Angle Meter, right? {image} {image} Edit: PS, the alert function of the Pivot_Voty-2 ALERT indicator is awesome, very useful, get alerts to the phone
Hi Erebus,

As I was reading the posts that i missed while at work I saw this post: https://www.forexfactory.com/showthr...8#post11203828
So out of respect for the Admin I deleted it and I would post actual set ups and closed trades only. Thank you for the remark though.

As for NJ and NU.. the 2 pending Longs that I had just got triggered.

Regards
whether you think you can or can't either way you are right
  • #20,858
  • Jun 27, 2018 8:39pm Jun 27, 2018 8:39pm
Closed some UJ
decent gain
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In trading, you have to be defensive and aggressive at the same time
  • #20,859
  • Edited 9:02pm Jun 27, 2018 8:41pm | Edited 9:02pm
If this prints Final GDP q/q USD red corrections may start.
Trump may back off from his Tariff wars allowing commodity pairs to breath.Tension in the markets are very serious.

Rules of the system still apply.Its all probabilities.
In trading, you have to be defensive and aggressive at the same time
  • #20,860
  • Jun 27, 2018 9:49pm Jun 27, 2018 9:49pm
everything is compressed and ready to uncoil and uncoil it will
Trigger could be anything like Trump tweeting about USD too strong or he does not want to cause global crises etc.
What is interesting that when price reaches extreme fib levels there is a compressed energy that needs releasing and most of times it does just that and often the trigger could be just plain profit taking.
In trading, you have to be defensive and aggressive at the same time
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