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Pivot Trading

  • #31,761
  • Aug 26, 2019 2:40pm Aug 26, 2019 2:40pm
Quoting Swede
Further to Understanding Market Structure I found this little beauty last night ....Thanks Cryptosurf. {image} {image}
Wasn't on my watchlist but another late week markup and R38 failure....

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Trade with confidence, trade without fear.
  • #31,762
  • Aug 26, 2019 3:10pm Aug 26, 2019 3:10pm
Quoting mizi123
Im sure that GC will fail next week {image} {image}
They have turned both green
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  • #31,763
  • Aug 26, 2019 6:50pm Aug 26, 2019 6:50pm
Just thought I would post my trading page for Crude if anyone else trades this beast, using weekly, and 4 hour pivots. The 4 hour chart uses weekly pivots as is the format in this thread.....but oil is the mother of all movers and responds to shorter time frame pivots during the most active of trading sessions being NYMEX that begins trading at 9 EST. With S and P and Dow falling off the map on Friday, and market nervous today more opportunities presented themselves.

At 9 today the S and P was already pulling back, Crude was trading at the 4 hour resistance, on the 5 minute chart crude had a late 4 hour markup to R78, opened to a failure at R38 and began to pull back.....should have loaded up but being conservative as I tweak this method. So, this post was just to show another way to look at the market.
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  • #31,764
  • Aug 26, 2019 8:02pm Aug 26, 2019 8:02pm
Quoting Swede
Just thought I would post my trading page for Crude if anyone else trades this beast, using weekly, and 4 hour pivots. The 4 hour chart uses weekly pivots as is the format in this thread.....but oil is the mother of all movers and responds to shorter time frame pivots during the most active of trading sessions being NYMEX that begins trading at 9 EST. With S and P and Dow falling off the map on Friday, and market nervous today more opportunities presented themselves. At 9 today the S and P was already pulling back, Crude was trading at the 4 hour...
Used to trade OIL a lot, it has become very irrational the last few years. Have to watch rollovers if you're trading CFD's or Futures. I don't have the rollover option enabled. These guys have really shook up the marketplace Genscape. The big money subscribes to their services and the DOE report on Wednesday is nothing to them they already know the answers a few days ahead of time. This company routinely flies over the oil storage facilities with geo thermal cameras and they calculate the inventories, they monitor rail, pipelines, ships, the entire supply chain. I inquired a couple of years ago and it was 20+ K for a yearly subscription to their service.
Lets play poker, but I get to see your cards.
https://www.genscape.com/expertise/oil
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,765
  • Aug 26, 2019 8:17pm Aug 26, 2019 8:17pm
US CHINA TRADE WAR If there's any hope for the AUD somethings going to have to be resolved here.

https://markets.businessinsider.com/...8-1028474486#8
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,766
  • Aug 26, 2019 9:10pm Aug 26, 2019 9:10pm
Quoting Swede
Just thought I would post my trading page for Crude if anyone else trades this beast, using weekly, and 4 hour pivots. The 4 hour chart uses weekly pivots as is the format in this thread.....but oil is the mother of all movers and responds to shorter time frame pivots during the most active of trading sessions being NYMEX that begins trading at 9 EST. With S and P and Dow falling off the map on Friday, and market nervous today more opportunities presented themselves. At 9 today the S and P was already pulling back, Crude was trading at the 4 hour...
Textbook behavior and why I love trading oil. Well done.
Trade with confidence, trade without fear.
  • #31,767
  • Aug 26, 2019 9:15pm Aug 26, 2019 9:15pm
Quoting Romanov102
{quote} Used to trade OIL a lot, it has become very irrational the last few years. Have to watch rollovers if you're trading CFD's or Futures. I don't have the rollover option enabled. These guys have really shook up the marketplace Genscape. The big money subscribes to their services and the DOE report on Wednesday is nothing to them they already know the answers a few days ahead of time. This company routinely flies over the oil storage facilities with geo thermal cameras and they calculate the inventories, they monitor rail, pipelines, ships,...
I know there is a lot more to trading crude, but just paying attention to market structure and its relationship to Dow 30, S and P, Naz...along with pivots gave me two very good days in spite of the fact I only seldom traded West Texas in the past. I have however, always had it running on my Cad trading page because of the strong reverse correlation. When you buy that subscription let me know so I can hound you for tips.....without paying....lol
  • #31,768
  • Edited 11:08am Aug 27, 2019 4:32am | Edited 11:08am
Well as I predicted, China caved. However, this trade war with China is long but over. If one believes China is suddenly going to march to the Trump drumbeat with complete honesty, I think one had better odds of believing in the Tooth Fairy. While China has stolen Intellectual Property for decades now, they think it's now they're God given right to steal. China has always been the Masters of Deceit as they play a great game of Bait and Switch. Largely what they will do is get us to go in circles chasing our tail with unverifiable compliance. Remember: I told you first. If you like to read on the trading subject, here are some things.
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File Type: rar Channels and Cycles_.rar   9.6 MB | 893 downloads
File Type: pdf #41.pdf   8.6 MB | 2,880 downloads
File Type: pdf #42.pdf   6.7 MB | 2,559 downloads
File Type: pdf #43.pdf   5.8 MB | 1,293 downloads
File Type: pdf #44.pdf   5.5 MB | 1,342 downloads
File Type: pdf #45.pdf   8.8 MB | 1,547 downloads
You NEVER will be the person you could be, without pressure & discipline
  • #31,769
  • Aug 27, 2019 7:22am Aug 27, 2019 7:22am
NC on watchlist for long.

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"In the end you only trade yourself."
  • #31,770
  • Aug 27, 2019 9:07am Aug 27, 2019 9:07am
Question of the day? He was last online July 25th has anyone in the forum had any contact with Davit?
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,771
  • Aug 27, 2019 9:17am Aug 27, 2019 9:17am
Quoting Romanov102
Question of the day? He was last online July 25th has anyone in the forum had any contact with Davit?
I have not heard from him. I do hope nothing dire has happen.
Trade with confidence, trade without fear.
  • #31,772
  • Aug 27, 2019 9:54am Aug 27, 2019 9:54am
Quoting Romanov102
Question of the day? He was last online July 25th has anyone in the forum had any contact with Davit?
Even on vacation, reading the thread from time to time, I saw that Davit has been absent for a long time and this has never happened before.

Not knowing anything, everything can be and the lesser evil would even be a burned/damaged account, even if this last hypothesis does not seem plausible to me because Davit, in addition to having considerable equity, was very attentive to risk management which in fact is one of the pillars of his strategy.

Whatever the reason for his absence, I hope he and his family are well.
Porta itineris dicitur longissima esse
  • #31,773
  • Edited 1:55pm Aug 27, 2019 10:55am | Edited 1:55pm
Quoting bubincka
{quote} Even on vacation, reading the thread from time to time, I saw that Davit has been absent for a long time and this has never happened before. Not knowing anything, everything can be and the lesser evil would even be a burned/damaged account, even if this last hypothesis does not seem plausible to me because Davit, in addition to having considerable equity, was very attentive to risk management which in fact is one of the pillars of his strategy. Whatever the reason for his absence, I hope he and his family are well.
All I can say is, I wish his a safe return. Without his presence none of us would be gathered together. Because of his presence and his works creating this thread, I wouldn't have met some great men and women that I have met here.
P
You NEVER will be the person you could be, without pressure & discipline
  • #31,774
  • Aug 27, 2019 12:14pm Aug 27, 2019 12:14pm
Hope all is well.
  • #31,775
  • Aug 27, 2019 5:57pm Aug 27, 2019 5:57pm
UJ Daily Bat
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,776
  • Aug 27, 2019 6:17pm Aug 27, 2019 6:17pm
Quoting DiamondMiner
Well as I predicted, China caved. However, this trade war with China is long but over. If one believes China is suddenly going to march to the Trump drumbeat with complete honesty, I think one had better odds of believing in the Tooth Fairy. While China has stolen Intellectual Property for decades now, they think it's now they're God given right to steal. China has always been the Masters of Deceit as they play a great game of Bait and Switch. Largely what they will do is get us to go in circles chasing our tail with unverifiable compliance. Remember:...
Thumbs up for Hurst & Millard. Not so much for Trader's World. Who knew you could sell a magazine full of pfaff and star charts?
  • #31,777
  • Aug 27, 2019 8:02pm Aug 27, 2019 8:02pm
Quoting clemmo17
{quote} Thumbs up for Hurst & Millard. Not so much for Trader's World. Who knew you could sell a magazine full of pfaff and star charts?
Clemmo17, Mathematics is the only exact science. All power under heaven and on earth is given unto the man who masters the simple science of mathematics.
W.D.Gann
You NEVER will be the person you could be, without pressure & discipline
  • #31,778
  • Aug 28, 2019 3:03am Aug 28, 2019 3:03am
Quoting DiamondMiner
{quote} Clemmo17, Mathematics is the only exact science. All power under heaven and on earth is given unto the man who masters the simple science of mathematics. W.D.Gann
I guess these days I would also add the science of computers (coding).
  • #31,779
  • Aug 28, 2019 3:34am Aug 28, 2019 3:34am
GBP is getting a sell off, wow.
Let ME say anything GBP is selling.
MM really loves the land of milk and butter?
We obey the structure that results from the market's reaction
  • #31,780
  • Aug 28, 2019 7:07am Aug 28, 2019 7:07am
Hello fellow pivoteers. I saw Egbert's post last week with a new TMS Angleator indicator & thought this is a good opportunity to share a utility indicator called Snapshot_PipBull. You attach the indicator to a chart & it automatically takes a picture of the chart at the close of every candle. It stores the pictures in the chart terminal folder. You can view the pictures by clicking as follows: File/Open Data Folder/MQL4/Files. The program creates a folder under the Files folder. You stop the picture-taking process by simply removing the indicator from your chart. The chart doesn't have to be open for the process to work; it can be minimized on the taskbar but your computer must be on.
The original Snapshot indicator has been around for many years but I don't think it gets discussed much because it really only adds value when you have an indicator, like TMS Angleator, that leaves no visible record of it's readings.
I did not create the original Snapshot indicator, nor did I change the picture-taking part of the program. I made some minor changes to make it easier to manage the picture files. With my version, when you add the indicator to a chart it adds 2 labels to the chart. It adds "Snapshot_PB" and a chart-time stamp. Those labels let you know the program is taking pictures. When you remove the indicator from the chart to stop the picture-taking process, the chart-time stamp disappears but the "Snapshot_PB" label remains to remind you that the pictures are stored as described above. After you've reviewed the pictures you can go & remove the label.
I hope by sharing this indicator others will study the TMS Angleator & share their findings with the group.
PB
Attached File(s)
File Type: mq4 snapshot_PipBull.mq4   6 KB | 412 downloads
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