Intraday Trading using Pivot Point, Support & Resistance | Forex Factory

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Intraday Trading using Pivot Point, Support & Resistance

  • #1
  • First Post: Jul 16, 2021 1:14am Jul 16, 2021 1:14am
Pivot Point, Support and Resistance are the most used by traders all over the world.

The formula as below :

Resistance (2*Pivot)-L
Pivot Point (H+L+C)/3
Support (2*PP)-H
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  • #2
  • Edited 10:04am Jul 16, 2021 1:17am | Edited 10:04am
Now we make a little adjustment

We will make 3 Support and 3 Resistance

Resistance 3 H+2*(PP-L)
Resistance 2 PP+(H-L)
Resistance 1 (2*Pivot)-L

Pivot Point (H+L+C)/3

Support 1 (2*PP)-H
Support 2 PP-(H-L)
Support 3 L-2*(H-PP)
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  • #3
  • Jul 16, 2021 1:24am Jul 16, 2021 1:24am
Now we make a little adjustment

We will make 3 Support and 3 Resistance


Resistance 1 (2*Pivot)-L
Resistance 2 PP+(H-L)
Resistance 3 H+2*(PP-L)

Pivot Point (H+L+C)/3

Support 1 (2*PP)-H
Support 2 PP-(H-L)
Support 3 L-2*(H-PP)
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  • #4
  • Edited 10:09am Jul 16, 2021 1:31am | Edited 10:09am
While the price, before reach Resistance or Support, it must reach half of it
so we will add line in-between them (middle line code :M)


Resistance 3 : H+2*(PP-L)
M5 (Middle ) : (R2+R3)/2
Resistance 2 : PP+(H-L)
M4 (Middle ) : (R1+R2)/2
Resistance 1 : (2*Pivot)-L
M3 (Middle ) : (PP+R1)/2
Pivot Point : (H+L+C)/3
M2 (Middle ) : (PP+S1)/2
Support 1 : (2*PP)-H
M1 (Middle ) : (S1+S2)/2
Support 2 : PP-(H-L)
M0 (Middle ) : (S2+S3)/2
Support 3 : L-2*(H-PP)
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  • #5
  • Edited 10:09am Jul 16, 2021 1:34am | Edited 10:09am
Well its Very hard to trade by this way, isn't it

Here it is, came the Indicator to do so...
Attached File(s)
File Type: ex4 2Pivot_DOTS.ex4   15 KB | 932 downloads
File Type: ex4 2PivotsD_v5 (Black).ex4   25 KB | 880 downloads
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  • #6
  • Jul 16, 2021 1:38am Jul 16, 2021 1:38am
Hello Anthon,

I see you have been very good at school doing math,congrats to you new thread bro

I'm going to use a clean chart,drop all these on and see how gold looks....I just took 30 pips selling.
  • #7
  • Edited 10:11am Jul 16, 2021 1:42am | Edited 10:11am
What is the rules:

Make pending order
(in pict) Price below PP
Buy stop PP +Spread TP M3 -Spread (Line in-between PP and Resistance) Stop Loss M2-Spread
Sell Stop M2 -Spread TP S1+Spread Stop Loss PP+Spread

do not forget to give + or - as spread ( we can say this offset value

We will Consider the price Between PP and M2 as Pandora Box
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled4.png Size: 51 KB
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  • #8
  • Edited 10:11am Jul 16, 2021 1:44am | Edited 10:11am
Quoting scsstnt
Hello Anthon, I see you have been very good at school doing math,congrats to you new thread bro I'm going to use a clean chart,drop all these on and see how gold looks....I just took 30 pips selling.

Thanks Bro...

This will became the ea which i requested you before to do test.

but the EA still finish yet.

The EA almost done

I will also share the ea in this thread when it is requested
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  • #9
  • Jul 16, 2021 1:50am Jul 16, 2021 1:50am
Quoting anthon25
{quote} Thanks Bro... This will became the ea which i request you to do test. but the still finish yet. The EA almost done I will share the ea in this thread
Of course, sure anytime you are ready,I am.Confluence and trading zones looks extremely powerful,fantastic work Anthon
  • #10
  • Edited 8:20am Jul 16, 2021 1:52am | Edited 8:20am
Quoting anthon25
What is the rules: Make pending order (in pict) Price below PP Buy stop PP +Spread TP M3 -Spread (Line in-between PP and Resistance) Stop Loss M2-Spread Sell Stop M2 -Spread TP S1+Spread Stop Loss PP+Spread We will Consider the price Between PP and M2 as Pandora Box {image}
if one order has confirmed, delete the remaining order and change the lot with double. the price will still same with previous deleted also TP and SL.

Close all pending order when open order has reached TP.

To do those jobs I simply made an EA which is automatically does everything....meantime i play chess on playordie(dot)com
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  • #11
  • Jul 16, 2021 1:54am Jul 16, 2021 1:54am
Quoting scsstnt
{quote} Of course, sure anytime you are ready,I am.Confluence and trading zones looks extremely powerful,fantastic work Anthon

This EA will be such like this time
Attached Image (click to enlarge)
Click to Enlarge Name: Barri.png Size: 741 KB
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  • #12
  • Jul 16, 2021 2:00am Jul 16, 2021 2:00am
Quoting anthon25
{quote} This EA will be such like this time {image}
Take a look to XAUUSD and GBJJPY which are first order has confirmed. Sell Position.

the new pending order will be same price with previous Buy Stop order, only Lots became double.

We'll share the EA, after expected way found.

Thanks
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  • #13
  • Jul 16, 2021 2:04am Jul 16, 2021 2:04am
Sorry... i put 2,5 marti on EA, lets adjust to 2x

Now XAUUSD and GBPJPY almost TP, and GBPUSD has confirmed SELL
Attached Image (click to enlarge)
Click to Enlarge Name: Barri.png Size: 686 KB
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  • #14
  • Jul 16, 2021 2:07am Jul 16, 2021 2:07am
Actually the way we trade just like breakout system.
in this case we trade on breakout Pivot, Support, Resistance and middle of them

Try manually then i will provide the EA soon as possible

Don"t forget to subscribe & comment to the thread and we can discuss this method as usually on previous tread
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  • #15
  • Jul 16, 2021 4:11am Jul 16, 2021 4:11am
XAUUSD

Buy Hit SL which is M2 (-30pips) , Sell TP 2 levels (30x 2 = 60 pips) taken M2, & S1 so full recovery done

Check this Anthon,let me know if its correct.
Attached Image (click to enlarge)
Click to Enlarge Name: f0255474904baff3ea431500e453ceed.png Size: 82 KB
  • #16
  • Jul 16, 2021 4:30am Jul 16, 2021 4:30am
Quoting scsstnt
XAUUSD Buy Hit SL which is M2 (-30pips) , Sell TP 2 levels (30x 2 = 60 pips) taken M2, & S1 so full recovery done Check this Anthon,let me know if its correct. {image}

Yup... Thats for XAUUSD
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  • #17
  • Jul 16, 2021 4:32am Jul 16, 2021 4:32am
For the EA.
Its goes like in Pict

XAU TP
GBPUSD SL and TP on 1st marti
GBPJPY SL and TP on 1st marti

PROFIT > 10%
Attached Image (click to enlarge)
Click to Enlarge Name: Barri.png Size: 720 KB
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  • #18
  • Jul 16, 2021 4:36am Jul 16, 2021 4:36am
I made EA not to trade again after reach TP. so its avoid over trade, as usually.....

Let us review every day for one month... than we share the EA to the this thread members
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  • #19
  • Jul 16, 2021 4:57am Jul 16, 2021 4:57am
Now i am restarting the EA to see how its will work mid London market

w/ half of entry % lot and marti 2 x
Attached Image (click to enlarge)
Click to Enlarge Name: Barri.png Size: 624 KB
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  • #20
  • Jul 16, 2021 6:06am Jul 16, 2021 6:06am
Well XAU USD has confirmed and TP
GBPUSD has Confirmed Sell.
GBPJPY still waiting
Attached Image (click to enlarge)
Click to Enlarge Name: 05683e576e4cfbe15027ad4624685ee7.png Size: 574 KB
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