Missed Pivot Rollover Strategy - New Twist

Hi All,

As part of my Pivot Point Trading Strategy Series, I wanted to share my MISSED PIVOT ROLLOVER STRATEGY.



A missed pivot is a where price does not touch the pivot in the day, week, month it was created. Below is an example of a missed pivot:


The theory is that price will eventually come back to the missed pivot level and usually happens sooner rather than later.



This high chance of a missed pivot being hit, is where the Missed Pivot Rollover Strategy was created. Missed pivots generally occur in trending markets and when this occurs, we wait for price to “rollover” and reverse back to the miss pivot.

The video tutorial walks through:

1. Finding missed pivots
2. Identify "rollover" reversal signs
3. Once reversal confirmed, how to find the right entry
4. SL and TP ideas
5. Example charts + live trades

The EMAs shown in the video are: 30,35,40,50,60. You can download the OGT Pivot Points indicator below as well as the template to save you the time loading the EMAs!



Thanks,
Zoheb

I once had a strategy like this but with Virgin POC attached indicator. The good thing the line extends till its hit.
MM to protect against strong trend before retrace to "the line" is key.

Good luck.

The question is how to identify when daily pivot will miss,in my view if previous daily reach over R2 or above, the next pivot will be miss or untouch but still unclear,

yea there are a few extended missed pivot indicators knocking around. I’m looking into creating my own one. Strategy is yielding some good results, working on refining the opportunity for us to exploit

With this strategy you don’t need to worry about if a pivot will miss or not, as when this happens we still wait to find a trading opportunity.

Are you using missed pivots as part of trend trading strategy?

I wanted to share a video of a couple of live trades to demonstrate the strategy in greater detail and my thought process.

The video goes through:

1. Trade Setup - Why I entered the trade?
2. Trade Management - Where I placed my TP and SL AND WHY
3. Trade Outcome - Did I profit from the trades?



If you have any question related to the video or strategy please shout!

Enjoy!

USD/JPY has missed it's daily pivot for the last two days.

It's starting to show rollover signs with bullish divergence and and the EMA contracting together. Only concern we are in a breash trend with all long term time frames down. If I place a trade it will be with 0.5%-1% risk

I will probably wait to see how this day plans out. Probably 17th November daily pivot may be a better target. Let me know your thoughts.

Interesting setup on EURJPY

GBPJPY: I'm placing an order limit on today's lonely pivot. PT on the lone pivot of November 24.

Looks like it didn't get hit. Would of been a nice trade as the missed pivot on the 24th got hit on Friday!

Beautiful text book example of the strategy:

Some strong trends last week, I hope you guys picked up some pips!

The EUR/USD and USD/CHF are the main two pairs on my watch list for next week. Pretty much identical setups.

Don't rush to enter - let price give you confirmation that the tide is turning.

EUR/USD

USD/CHF

Attached Image (click to enlarge)

Hey Team,

I wanted to let you know that OGT Pivot Points Indicator v1.1 has been released today.

Below you will the tutorial video which goes through the latest features.

1. Push, Email, Desktop Alerts - Never miss a signal with customisable alerts on all pivot levels
2. New Pivot Time Frame Levels - This is something new that I've never seen on any pivot point indicator and will give you a trading edge! You can now adopt this trading strategy on lower timeframes. I show an example in the video using a 1 minute chart!

Hey Guys,

I wanted to share another live trade using my favourite strategy – the missed pivot strategy.

The strategy uses my OGT Pivot Points indicator where I look for a minimum of 2 missed daily pivots. When this happens, there is usually a strong trend. I then WAIT for price to hit its daily pivot which tells me there is potentially signs of consolidation/trend reversal.

Price tends to move back to touch missed pivot levels (not a guarantee) and is use this information to find trading setups.

This live trade video example shows this process in action, I am using v1.1 which is in the post above.



Thanks,
Zoheb.

Thank you for posting your gold nuggets here.... I appreciate this!

can someone kindly post the lwma indicator at bottom of screen



thanks in advance