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Pivot Trading

  • #35,461
  • Mar 17, 2020 8:28pm Mar 17, 2020 8:28pm
Quoting Romanov102
{quote} Interesting Davit. I post charts on here for years that meet the specification you've put in place from MT4. However the charts I trade from on my Professional Trading Platform appear a lot different. So I'll take the Liberty and spill the beans to post a chart some of its proprietary so you can't get it on MT4 however I can show you a way I figured out to duplicate it as close as you can on MT4. I use an 8 EMA white line 21 EMA Red line 50 EMA Blue 200 SMA Keltner Bands and Bollinger Bands. Also the proprietary signal I use which has the...
Can you see price?
Know what you trade
  • #35,462
  • Edited 9:28pm Mar 17, 2020 8:59pm | Edited 9:28pm
Quoting BWilliam
{quote} There are tons of questions to answer when the trader uses MAs. What MA, SMA, EMA, LWMA, TMA... ? What parameter, 3,5,12,21,50,100,200... ? Single MA, dual MA, triple MA, quadruple MA... ? Price cross MA, MA1 Cross MA2... ? What does price re-represented by MA(statistical representation) mean? What's the purpose of re-representing ohlc price with statistical MAs? What governs the choice of the chosen MA, calibration and usage? Basically what additional info MAs give that price doesn't? What additional...
Those already answered. "Basically what additional info MAs give that price doesn't?" Its hard visualizing price movement by price alone.MA are tools which are perfect in this aspect. Furthermore gauging the sentiment.
Key institutional MA is 200 and something to be aware when it crosses huge sentiment shift.Its not all answer why my core system is intact MA are just additional tool to make it easier to trade and more profitable.
There is no such a thing as perfect system but I think as it stands this is solid.
In trading, you have to be defensive and aggressive at the same time
  • #35,463
  • Mar 17, 2020 9:00pm Mar 17, 2020 9:00pm
EA fits all criteria short.Cleared conservative 30min chart.Rest is just probability.
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In trading, you have to be defensive and aggressive at the same time
  • #35,464
  • Mar 17, 2020 9:03pm Mar 17, 2020 9:03pm
UC cleared 15min is at zone.
In trading, you have to be defensive and aggressive at the same time
  • #35,465
  • Mar 17, 2020 10:39pm Mar 17, 2020 10:39pm
Quoting BWilliam
{quote} Can you see price?
Quite clearly dotted gold horizontal bar across the screen and highlighted in red and orange on the right side.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #35,466
  • Mar 17, 2020 10:47pm Mar 17, 2020 10:47pm
In green on UC
One profitable trade at a time!
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In trading, you have to be defensive and aggressive at the same time
  • #35,467
  • Edited 11:48pm Mar 17, 2020 11:37pm | Edited 11:48pm
Just to share what I have also noticed,

My first chart is old pivots with price action today.
The second chart is everything this week.
What will be the correct one to trade according to price action?
When price passes R200 strong fundamentals?
The last chart is USDCAD, will the TDI bounce from the 50 line?
VERY INTERESTING
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We obey the structure that results from the market's reaction
  • #35,468
  • Edited Mar 18, 2020 12:02am Mar 17, 2020 11:50pm | Edited Mar 18, 2020 12:02am
One thing is certain over stretched pairs will get corrected.Prices tend to gravitate towards equilibrium. Example I dont expect UC stay at 140 its natural place is 130-133 at present economics AU at 66 NU 62-63 EU 112-113 GU 128-130 these are numbers that will get corrected to.
What we are experiencing is unnatural circumstance hence should be looked upon through this lens.
Smart money is going to build positions towards numbers I posted.Keep in mind summer is coming and virus dies at heat.
Just watched a video that it was recommended to blow hot air with drier on your nose area where viruses tend to live and easily die with simple drier.

If you think you have cold do it.Most viruses live on sinus area.
Can't say if this is scientifically proven but better then nothing.Video shows some lab tests but its youtube...
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #35,469
  • Edited Mar 18, 2020 12:05am Mar 17, 2020 11:53pm | Edited Mar 18, 2020 12:05am
Quoting Davit
One thing is certain over stretched pairs will get corrected.Prices tend to gravitate towards equilibrium. Example I dont expect UC stay at 140 its natural place is 130-133 at present economics AU at 66 NU 62-63 EU 112-113 GU 128-130 these are numbers that will get corrected to.
I agree,

Can't we then say wait for pivots to catch up with price then?
Down the line the old pivots will catch the future pivots?
According to the basics for the TDI, if price is above the 50 line it's an up trend?

Just my thoughts.
We obey the structure that results from the market's reaction
  • #35,470
  • Mar 18, 2020 12:10am Mar 18, 2020 12:10am
Quoting Egbert
{quote} I agree, Can't we then say wait for pivots to catch up with price then? Down the line the old pivots will catch the future pivots? According to the basics for the TDI, if price is above the 50 line it's an up trend? Just my thoughts.
At present panic situation obviously prices overrun on Pivots.Keep that in mind that at present its hard making sense since fear is driving the markets.Fear is very powerful.I think personally positions should be smaller then normal now.
In trading, you have to be defensive and aggressive at the same time
  • #35,471
  • Mar 18, 2020 12:12am Mar 18, 2020 12:12am
Quoting Davit
{quote} At present panic situation obviously prices overrun on Pivots.Keep that in mind that at present its hard making sense since fear is driving the markets.Fear is very powerful.I think personally positions should be smaller then normal now.
Could not agree more.

Good luck.
We obey the structure that results from the market's reaction
  • #35,472
  • Mar 18, 2020 1:03am Mar 18, 2020 1:03am
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We obey the structure that results from the market's reaction
  • #35,473
  • Edited 1:46am Mar 18, 2020 1:28am | Edited 1:46am
Quoting BWilliam
{quote} There are tons of questions to answer when the trader uses MAs. What MA, SMA, EMA, LWMA, TMA... ? What parameter, 3,5,12,21,50,100,200... ? Single MA, dual MA, triple MA, quadruple MA... ? Price cross MA, MA1 Cross MA2... ? What does price re-represented by MA(statistical representation) mean? What's the purpose of re-representing ohlc price with statistical MAs? What governs the choice of the chosen MA, calibration and usage? Basically what additional info MAs give that price doesn't? What additional info the trader seek that can't be found...
In trading you never can answer a question with only a solution. It's relative market moment and how trader read charts. But taking a simple base ( separation between both MAs ) trader have adapt reading depending price behavior.

For example I use a MA compression approach when happens a breakout and a simple MA cross + price above/below MAs if swing is a big parabolic movement. It's something you learn along the time. I use other MAs setup but at the end important is find one trader feel comfortable. Rules are always same. Only change chart clearness depending how setup shows every market moment

This is an example how I read market. I use MAs + stoch but I use them in a different way as many do it. Basically I use stoch patterns with MA confirmation. And this helps me can anticipate movements and filter a lot of noise

Anyway every trader use his own approach and to use pivots is right as others if trader uses right rules. Finally only important thing is trader feeling
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Try don't lose pants never...
  • #35,474
  • Edited 2:18am Mar 18, 2020 2:05am | Edited 2:18am
Quoting braintheboss
{quote} In trading you never can answer a question with only a solution. It's relative market moment and how trader read charts. But taking a simple base ( separation between both MAs ) trader have adapt reading depending price behavior. For example I use a MA compression approach when happens a breakout and a simple MA cross + price above/below MAs if swing is a big parabolic movement. It's something you learn along the time. I use other MAs setup but at the end important is find one trader feel comfortable. Rules are always same. Only change chart...
MA + oscillator or MA Cross + oscillator are different ways to use MAs.

Bottom line still is what I wrote earlier in post#35465 about the purpose of indicators. Imo those questions have not been explored or discussed in detail after more than 15yrs since the inception of this forum. Members just accept the common practices without question, that's crowd behaviour. This is not the thread to discuss though.
Know what you trade
  • #35,475
  • Mar 18, 2020 2:24am Mar 18, 2020 2:24am
Quoting braintheboss
{quote} In trading you never can answer a question with only a solution. It's relative market moment and how trader read charts. But taking a simple base ( separation between both MAs ) trader have adapt reading depending price behavior. For example I use a MA compression approach when happens a breakout and a simple MA cross + price above/below MAs if swing is a big parabolic movement. It's something you learn along the time. I use other MAs setup but at the end important is find one trader feel comfortable. Rules are always same. Only change chart...
could you please share that AWR indicator? nice and clean and out of the way
  • #35,476
  • Mar 18, 2020 2:26am Mar 18, 2020 2:26am
Quoting BWilliam
{quote} MA + oscillator or MA Cross + oscillator are different ways to use MAs. Bottom line still is what I wrote earlier in post#35465 about the purpose of indicators. Imo those questions have not been explored or discussed in detail after more than 15yrs since the inception of this forum. Members just accept the common practices without question, that's crowd behaviour. This is not the thread to discuss though.
I only told you trading is a subjective art. You cant find an exact answer of any question. And indicators are only other subjective way for get references. Just I used an example for you can see how every trader see a different thing in same chart and tools. Im sure you will do a different reading of that captures

Quoting bojack34
{quote} could you please share that AWR indicator? nice and clean and out of the way
I think is a tool I shared in my thread but not sure. Ask pipflak. These are his captures. It was a conversation about trading references using my approach
Try don't lose pants never...
  • #35,477
  • Mar 18, 2020 4:40am Mar 18, 2020 4:40am
AUDCAD 30 minute Sell position

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The first batch of 50 pips hit and then stopped out

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Best regards
  • #35,478
  • Mar 18, 2020 5:40am Mar 18, 2020 5:40am
CADJPY on watchlist

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Kindest regards
  • #35,479
  • Mar 18, 2020 5:58am Mar 18, 2020 5:58am
Personnaly thinking taking my funds out of my account. Not sure how brokers survive this or what they are doing. Just watching 3-6 months what happens next and how long will it take to come out of this economical crisis which will follow. Lots of to think about ...

Watching EG over a week now and will not be surprised to see this at 1.000 in near future.
  • #35,480
  • Edited 11:04am Mar 18, 2020 7:07am | Edited 11:04am
I had been trying to teach my older brother to trade. I set up a simple weekly pivot range based system for him. He remarkably has been doing pretty well. I simply added a smooth HA (minus the wicks) and a Coral trend to show direction change. Also a MACD with a custom setting of 14-15-5 to show the rollover. Also have rules noted to pay attention to.

Edit: Template added

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Attached File(s)
File Type: rar Pivots+Smooth HA.rar   226 KB | 1,193 downloads
Trade with confidence, trade without fear.
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