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Pivot Trading

  • #36,181
  • Apr 3, 2020 12:57pm Apr 3, 2020 12:57pm
GU bounce right on ADR low
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In trading, you have to be defensive and aggressive at the same time
  • #36,182
  • Apr 3, 2020 1:00pm Apr 3, 2020 1:00pm
Last 2 days beginning of 4pm UC started to drop and close lower.Something I noticed.Its likely again same today.
In trading, you have to be defensive and aggressive at the same time
  • #36,183
  • Apr 3, 2020 1:28pm Apr 3, 2020 1:28pm
Quoting Davit
Last 2 days beginning of 4pm UC started to drop and close lower.Something I noticed.Its likely again same today.
Funny after typing this short time later dropped 20pips
Which in my book means Extra $400
Making my overall day almost 2k Gift that keep on giving! Thank you Canada!
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In trading, you have to be defensive and aggressive at the same time
  • #36,184
  • Edited 2:08pm Apr 3, 2020 1:33pm | Edited 2:08pm
To be honest crude at 28 UC should of been already below 1.40 OPEC meeting Monday why hesitation to go south now.Market waiting for the outcome
Flag formation which suggest BO
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In trading, you have to be defensive and aggressive at the same time
  • #36,185
  • Apr 3, 2020 2:24pm Apr 3, 2020 2:24pm
Banked last drop making it over 2k day

Trading is not over until its over
8:45 made 1221 took a nap had my coffee came back at 2:30 made shy of 1k more by 3:25 from dead PA
Goes to show you dont need fireworks to make money
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In trading, you have to be defensive and aggressive at the same time
  • #36,186
  • Apr 3, 2020 2:59pm Apr 3, 2020 2:59pm
This is not a request to you Davit as I know you don't want to be bothered with such things but anyone else on here could maybe help.

I have downloaded the ISM ADR Marker and when I look at the ADR of the GU that Davit posted, the numbers are not the same as mine. Can anyone assist with any changes that I need to make to the indicator?

I have looked everywhere and can't seem to find information on it.

Thanks if anyone can assist.

Regards
Terry
  • #36,187
  • Apr 3, 2020 3:01pm Apr 3, 2020 3:01pm
Quoting TerryDawe
This is not a request to you Davit as I know you don't want to be bothered with such things but anyone else on here could maybe help. I have downloaded the ISM ADR Marker and when I look at the ADR of the GU that Davit posted, the numbers are not the same as mine. Can anyone assist with any changes that I need to make to the indicator? I have looked everywhere and can't seem to find information on it. Thanks if anyone can assist. Regards Terry
most likely broker time difference
Dont know if you are west coast Canada or East.Try changing the zone see if that makes a difference
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In trading, you have to be defensive and aggressive at the same time
  • #36,188
  • Edited 4:56pm Apr 3, 2020 3:56pm | Edited 4:56pm
Quoting Davit
{quote} most likely broker time difference Dont know if you are west coast Canada or East.Try changing the zone see if that makes a difference {image}
I am in Ontario, so east coast and my broker is in Malta. I will try what you suggest.

Thanks
Terry
  • #36,189
  • Edited 12:26am Apr 4, 2020 12:16am | Edited 12:26am
Quoting Davit
{quote} When you see price is struggling going forward dont wait and give back good money! Bank it. EG can't break higher then 88 so far.
Yes exactly!! I was very cautious on level 0.88 banked the profit, waited a little retracement than im in again, another take profit was 0.8820! Perfect in and out!! Im very thankful for you actually, because it was a perfect entry. Just because your pivots and of course a lots good advice here in this thread!! Thank you!!
Time is your friend; impulse is your enemy! - John Bogle
  • #36,190
  • Apr 4, 2020 2:59am Apr 4, 2020 2:59am
Quoting TerryDawe
This is not a request to you Davit as I know you don't want to be bothered with such things but anyone else on here could maybe help. I have downloaded the ISM ADR Marker and when I look at the ADR of the GU that Davit posted, the numbers are not the same as mine. Can anyone assist with any changes that I need to make to the indicator? I have looked everywhere and can't seem to find information on it. Thanks if anyone can assist. Regards Terry
Hi TerryDawe,

It could be ATRPeriod setting, Davit's has value equal to 5, I use 20 and pre-defined setting is 14.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #36,191
  • Apr 4, 2020 4:24am Apr 4, 2020 4:24am
Up very early this morning.
Reading "TRADING IN THE ZONE" by MARK DOUGLAS , again.
Fantastic book , just the 1st Chapter can help many traders recognize how their own mental makeup and perspectives about life developed at a very young age affect their trading success/failure.
"The market" doesn't do anything to you. Your attitudes , beliefs , confidence level , decisiveness , and focus are the underlying reasons why you succeed or fail at trading. IT'S YOU !!!! To be successful , one has to understand themselves. Davit has actually displayed his knowledge of himself particularly within the past 2 weeks , his trading results have confirmed it. This is Mark Douglas talking , not me personally.
Looking back on my trades this past week , I clearly identified where and when I made errors and/or left plenty of pips on the table.
I'm going to start a journal this week. My entries will be about my mood , beliefs , confidence level at various times throughout the trading day. I THINK , that this will help me understand myself at a deeper level and uncover trading behaviours about myself that I'm not aware of.

Green Pips To All ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #36,192
  • Apr 4, 2020 5:54am Apr 4, 2020 5:54am
Quoting bubincka
{quote} Hi TerryDawe, It could be ATRPeriod setting, Davit's has value equal to 5, I use 20 and pre-defined setting is 14. Best regards, Bubincka
why use 20 when we are trading weekly fibs and week has 5 trading days
5 gives you most recent data and that's what matters.Judging how price acted hitting it I'll say bulls eye!
In trading, you have to be defensive and aggressive at the same time
  • #36,193
  • Apr 4, 2020 5:59am Apr 4, 2020 5:59am
Quoting Viki84
{quote} Yes exactly!! I was very cautious on level 0.88 banked the profit, waited a little retracement than im in again, another take profit was 0.8820! Perfect in and out!! Im very thankful for you actually, because it was a perfect entry. Just because your pivots and of course a lots good advice here in this thread!! Thank you!!
Well done.Looks like you were paying attention results show.
carry on One winning trade at the time
regards
In trading, you have to be defensive and aggressive at the same time
  • #36,194
  • Apr 4, 2020 8:07am Apr 4, 2020 8:07am
Quoting bubincka
{quote} Hi TerryDawe, It could be ATRPeriod setting, Davit's has value equal to 5, I use 20 and pre-defined setting is 14. Best regards, Bubincka
Thanks Bubincka,

Regards
Terry
  • #36,195
  • Edited 8:24am Apr 4, 2020 8:12am | Edited 8:24am
Hi guys Decided to clean up the decorations from my Charts and keep only 21EMA faster 8EMA is close to price so I dont need it.I pay attention to candles most so cleaner the charts the better.
MA I use changes color.More of "heads up" but trade decision should and must be yours!You can change colors to suit you my template below.

My trading chart is 15min but do look higher TF for direction.Keep in mind within bull or bear trends they are lots of opposite moves focus here on pivots and swing.Example if price is at 61R I am not going to buy it even if weekly candle is bull because correction can be over 100pips.When I say I look for direction is primarily to see where price is in relation to pivots.
Before selling or buying wait to see price actually turning to minimize DD.I think this MA should be very helpful.

Rest of indicators are same
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: tpl Pivot MA color.tpl   106 KB | 1,018 downloads
File Type: mq4 MA in Color(1).mq4   4 KB | 972 downloads
In trading, you have to be defensive and aggressive at the same time
  • #36,196
  • Apr 4, 2020 8:16am Apr 4, 2020 8:16am
Thanks to all re feedback on ADR.

I have the setting at 5 which as Davit says is the most obvious since we are using weekly pivots.

Just trying to figure out the timezone thing, I have set to 2 and it seems to be pretty close to Davit's now.

Thanks again for the support.
Great group here

Regards
Terry
  • #36,197
  • Apr 4, 2020 8:27am Apr 4, 2020 8:27am
Instead of me explaining I like your answers instead.

What does this chart tell you?
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In trading, you have to be defensive and aggressive at the same time
  • #36,198
  • Apr 4, 2020 8:29am Apr 4, 2020 8:29am
Should you buy? Sell? or NO trade
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In trading, you have to be defensive and aggressive at the same time
  • #36,199
  • Apr 4, 2020 8:31am Apr 4, 2020 8:31am
Buy sell or no trade
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In trading, you have to be defensive and aggressive at the same time
  • #36,200
  • Apr 4, 2020 8:33am Apr 4, 2020 8:33am
If price comes down to WP AN what would you do?
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In trading, you have to be defensive and aggressive at the same time
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