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  • #461
  • Edited 3:23am May 20, 2021 3:11am | Edited 3:23am
Quoting Koop
{quote} what kind of pivots do you use? Classic or Fib?
Most people are using Classic fib also known as floor traders pivot

IMO it is more interesting to know their server time since the EOD (Daily bar) looks different for brokers, depending on their MT4 server time... Last time Darwinex was using UK server time -not sure about now- so their daily candle will always look different from a broker using GMT+3 server time or GMT+8 server time.

I do believe this will impact the pivot calculations.
  • #462
  • May 20, 2021 3:32am May 20, 2021 3:32am
Quoting Koop
{quote} what kind of pivots do you use? Classic or Fib?
Attached File(s)
File Type: mq4 MarksMidPivots.mq4   14 KB | 393 downloads
Attached File(s)
File Type: mq4 MarksPivots.mq4   14 KB | 349 downloads
  • #463
  • May 21, 2021 2:14am May 21, 2021 2:14am
Is EURUSD making a sell move.......
  • #464
  • May 21, 2021 2:26am May 21, 2021 2:26am
Quoting draliraza79
Is EURUSD making a sell move.......
Good man.
Looking at the same thing. Will set my sell stop order if current 15min candle closes around current levels.

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  • #465
  • May 21, 2021 2:37am May 21, 2021 2:37am
Quoting Koop
{quote} Good man. Looking at the same thing. Will set my sell stop order if current 15min candle closes around current levels. {image}
Boss.......I am trying to grasp a bit of what you and nick have been talking about......but still there are things which are not clear......do you look for a CLEAN bull or bearish movement, AND then keep observing it until it breaks the structure AND once structure is broken you confirm with retest. ALSO you look for STRONG break of structure with respect retracement to be LOW sloping showing lack of momentum........
  • #466
  • May 21, 2021 3:14am May 21, 2021 3:14am
Quoting draliraza79
{quote} Boss.......I am trying to grasp a bit of what you and nick have been talking about......but still there are things which are not clear......do you look for a CLEAN bull or bearish movement, AND then keep observing it until it breaks the structure AND once structure is broken you confirm with retest. ALSO you look for STRONG break of structure with respect retracement to be LOW sloping showing lack of momentum........
I'm not sure this is exactly how Nik finds his set ups, but that's almost exactly how i look for mine.

A trend going in a clear direction, but not trending too strongly. I prefer to see some weakness or exhaustion as price is making it's potential final top or bottom before it attempts to go the other way and break structure. Too risky to enter against a very strong trend.
In a bullish trend, the first step of a structure break is the creation of a new lower swing low (lower than the most recent clear swing low). This tells us that the trend could be about to change for a while, could be a short to medium or Long term change.

After noticing that the first step has happened, Next thing is to wait for the retracement. What i want to see is the second step of the structure change, which is a Lower high (lower than the most recent obvious swing high). At this point, it's left to each of us to find a sweet spot within that retracement to decide where to sell.
You can use fibonacci levels or wait for the retest of a broken level (i don't really like this one), then watch out for any indication that price will reverse before reaching or breaking the previous Swing high.


Every other thing such as how to enter and SL and Profit target should be determined by you as you test.

Check the first set of Nik's posts for images that should help explain better what i've just rambled about.

________
Edit

Here are recent examples
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  • #467
  • May 21, 2021 3:23am May 21, 2021 3:23am
By the way, i've scrapped the EU trade idea. It has gone above the levels where i needed it to reverse. deleted my sell stop order.
Its still around a very nice shorting level, but it feels like USD is weak across the board so i'm staying away..
  • #468
  • May 21, 2021 3:28am May 21, 2021 3:28am
Quoting Koop
By the way, i've scrapped the EU trade idea. It has gone above the levels where i needed it to reverse. deleted my sell stop order.
Yes, you are right.....i think its because the strong bearish candle was made by news at 8:30.......
  • #469
  • May 21, 2021 3:42am May 21, 2021 3:42am
Quoting Koop
{quote} I'm not sure this is exactly how Nik finds his set ups, {image}{image}
same

first if you are now starting you have to identify the structure, do markings, before making desicions and before you see thee break.

when the trend starts to slow down and sows weakens, do the markings beforehand, then wait for the break and use your previous markings to call it a good break or not.

for the fella that asked, koop, snail already seem to know the way they dont need to do markings beforehand i believe

Quoting Koop
By the way, i've scrapped the EU trade idea. It has gone above the levels where i needed it to reverse. deleted my sell stop order. Its still around a very nice shorting level, but it feels like USD is weak across the board so i'm staying away..
eu remains valid for me for now. 2241 2247 need to hold, if those break gets invalidated.
offering my system to copy trade. check my link
  • #470
  • May 21, 2021 3:47am May 21, 2021 3:47am
Quoting draliraza79
{quote} Yes, you are right.....i think its because the strong bearish candle was made by news at 8:30.......
I think the set up is playing out now, It could actually work out.
However, personally, instead of selling EU, i'm going to try to use the EU signal to short EJ.

Risky, but i like where EJ is at..
  • #471
  • May 21, 2021 3:51am May 21, 2021 3:51am
New HH or LL ---> possible harmonics development --> fibs application -- > spot entry ---> Set TP

result ---> GBP/USD 15 or 5 min
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  • #472
  • May 21, 2021 3:51am May 21, 2021 3:51am
Quoting nikosk0
{quote} same first if you are now starting you have to identify the structure, do markings, before making desicions and before you see thee break. when the trend starts to slow down and sows weakens, do the markings beforehand, then wait for the break and use your previous markings to call it a good break or not. for the fella that asked, koop, snail already seem to know the way they dont need to do markings beforehand i believe {quote} eu remains valid for me for now. 2241 2247 need to hold, if those break gets invalidated.
Yeah man, still very valid.
  • #473
  • May 21, 2021 3:55am May 21, 2021 3:55am
I DONT love the short setup BUT
it offers way more rrr than the continuation trade, that is why i look for sorts and not for longs.

for the friend that asked
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offering my system to copy trade. check my link
  • #474
  • May 21, 2021 3:58am May 21, 2021 3:58am
Quoting Koop
{quote} I think the set up is playing out now, It could actually work out. However, personally, instead of selling EU, i'm going to try to use the EU signal to short EJ. Risky, but i like where EJ is at..
The rejection happened and it even broke the support on LTF......
  • #475
  • May 21, 2021 4:04am May 21, 2021 4:04am
Quoting nikosk0
I DONT love the short setup BUT it offers way more rrr than the continuation trade, that is why i look for sorts and not for longs. for the friend that asked {image}{image}{image}
Quoting draliraza79
{quote} The rejection happened and it even broke the support on LTF......
yeah, both EU and EJ are on the move. My EJ sell stop was triggered a while ago.
Now we wait.
  • #476
  • Edited 5:21am May 21, 2021 5:07am | Edited 5:21am
LOL
Phew. should have just taken EU instead of EJ..... now look which one is moving faster

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_______
EDIT -

Pepperstone didn't close my sell stop on EU haha. Server must have lost connection when i clicked cancel.
Imagine me opening MT4 on my phone to see an unexpected EU trade in profit ...
I would have been preparing a lawsuit if the trade was negative though lol

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  • #477
  • May 21, 2021 5:22am May 21, 2021 5:22am
EU on 5m just now
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  • #478
  • May 21, 2021 5:26am May 21, 2021 5:26am
Currently I am also using this method to make money from forex and cryptocurrencies
  • #479
  • May 21, 2021 5:32am May 21, 2021 5:32am
Quoting Koop
LOL Phew. should have just taken EU instead of EJ..... now look which one is moving faster {image}{image} _______ EDIT - Pepperstone didn't close my sell stop on EU haha. Server must have lost connection when i clicked cancel. Imagine me opening MT4 on my phone to see an unexpected EU trade in profit ... I would have been preparing a lawsuit if the trade was negative though lol {image}{image}


first forget to set tp then eu was trigered by mistake. lady luck is on your side these days!!!

am also in eu sort, took 70% out, letting the rest run swing

ps. retail traders are still mostly sort on EU but today they started closing their sorts and open longs. maybe its time for big drop. it is a fairly new concept i am trying to adapt too. been thinking it since i started a year ago but only now i found a way to actually read it, remains to understand it, so take my info with a pinch of salt
offering my system to copy trade. check my link
  • #480
  • May 21, 2021 5:43am May 21, 2021 5:43am
Quoting snail69
EU on 5m just now {image}
Hello,

Is it possible to get the indicator you are using on your charts, look like the fibonacci numbers?.

Thanks
Raf
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