Intraday Trading using Pivot Point, Support & Resistance | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Life of a Scalper using Pivot Point & Ichimoku 3 replies

Using Pivot Point on Meta Trader Platform 3 replies

Pivot point reference point? 7 replies

Attachments: Intraday Trading using Pivot Point, Support & Resistance
Exit Attachments

Intraday Trading using Pivot Point, Support & Resistance

  • #181
  • Aug 9, 2021 10:50am Aug 9, 2021 10:50am
When the trend is down but price has retraced to an area of resistance and we are looking for signs that the upward movement (pullback) has ended and the bearish trend will continue.Overall trend on the trading time frame is down.
The short-term trend on the trading time frame is up (has formed a pullback/retracement)
During the retracement, price retests a former area of price structure
Ideally, you’ll want for this pattern to form near the highs of the price structure.
Price may retest this area ''multiple times'' allowing for additional trading opportunities.

Attached Image (click to enlarge)
Click to Enlarge Name: 640c2a9ea9d7be2d9c7211a6885f5f26.png Size: 84 KB
  • #182
  • Aug 9, 2021 5:13pm Aug 9, 2021 5:13pm
for a market to pivot means there were shitload of buyers/sellers. Get the test at the right time with stops liq ahead. $$$ youll be rich.
heres some examples.
Attachment gAttachment g
Theres obviously more to it than that of course. But its a good start for buy/sell levels to be considering. then you gotta get micro / understand deltas, value of your market, ticks, distribution projections, and manage hard. throw away all ya BS price indis. Literally mean NOTHING. other than this MIGHT be a mean price considering the input YOU gave. laughable. 50/50 rubbish.
  • #183
  • Aug 9, 2021 5:25pm Aug 9, 2021 5:25pm
Quoting Cools81
for a market to pivot means there were shitload of buyers/sellers. Get the test at the right time with stops liq ahead. $$$ youll be rich. heres some examples. 40059544005953 Theres obviously more to it than that of course. But its a good start for buy/sell levels to be considering. then you gotta get micro / understand deltas, value of your market, ticks, distribution projections, and manage hard. throw away all ya BS price indis. Literally mean NOTHING. other than this MIGHT be a mean price considering the input YOU gave. laughable. 50/50 rubbish....



Attached Image (click to enlarge)
Click to Enlarge Name: 46b190237c5fde54bf50385efafcbe86.png Size: 15 KB
  • #184
  • Edited Aug 21, 2021 1:03am Aug 20, 2021 9:33am | Edited Aug 21, 2021 1:03am
Yesterday i made a trial on my BUMAN Correlation EA and mute all other accounts EA and i was surprised by the result.

Made 1 account by usd 100 = 10,000 cent, and 3 accounts of 5,000 cents. with different pair. Although the Balance decrease a little i was surprised by the commission/Revenue
the rebate will be counted tomorrow morning.

by usd : 250 the revenue come was usd 58 and counting.... (not include rebate, just revenue)

Brother @scsstnt do we need to share the strategies here on this thread or should i make another new one ????
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3064241df9c988ce7e65ae1710c92994.png Size: 1,014 KB
Click to Enlarge Name: 49339b180e83852db1698feaa2f869bc.png Size: 917 KB
Click to Enlarge Name: f81c17cd05c242b5034641f4b0b3ab03.png Size: 1.1 MB
Click to Enlarge Name: 61e3d2893f8ea5305204994e2cb070a5.png Size: 1.1 MB
Click to Enlarge Name: rebates.png Size: 122 KB
I am completely a lazy Trader & Pennies Rebate Hunter
  • #185
  • Aug 20, 2021 8:48pm Aug 20, 2021 8:48pm
Quoting anthon25
Yesterday i made a trial on my BUMAN Correlation EA and mute all other accounts EA. and i was surprised by the result Made 1 accountsby usd 100 = 10,000 cent, and 3 accounts of 5,000 cents. with different pair. Although the Balance decrease a little i was surprised by the commission and the rebate will be counted tomorrow morning. by usd : 250 the revenue come was usd 58 and counting.... (not include rebate, just revenue) Brother @scsstnt do we need to share the strategies here on this thread or...
Hello Brother,

Please share right here,all your work can be accessed here,depends on how its unfolding we can make a new thread....even if some strategies/EA no longer implemented its fine,we move on to new pages within the thread.

I was wondering why you took so long replying lol.... but now I remember the project.Let me spend some time reading now ,still lockdown 9pm - 5am for the next 3 months at least.
  • #186
  • Edited 11:26pm Aug 20, 2021 10:47pm | Edited 11:26pm
Quoting scsstnt
{quote} Hello Brother, Please share right here,all your work can be accessed here,depends on how its unfolding we can make a new thread....even if some strategies/EA no longer implemented its fine,we move on to new pages within the thread. I was wondering why you took so long replying lol.... but now I remember the project.Let me spend some time reading now ,still lockdown 9pm - 5am for the next 3 months at least.

Well this is an update when market is closed
Take a look to daily revenue, it is USD 84,837 thats revenue/cashback given by justforex based on lots we trade ( I made a trial on cent account by usd 250 divided to 1 acc with 100 (10,000 cent) and 3 acc @50 (5,000 cent)

84,83 of 250 its 33,9% a day

meanwhile daily loss was covered by daily rebate
Attached Image(s) (click to enlarge)
Click to Enlarge Name: rebates 2.png Size: 877 KB
Click to Enlarge Name: rebates.png Size: 99 KB
I am completely a lazy Trader & Pennies Rebate Hunter
  • #187
  • Aug 20, 2021 10:56pm Aug 20, 2021 10:56pm
Quoting scsstnt
{quote} Hello Brother, Please share right here,all your work can be accessed here,depends on how its unfolding we can make a new thread....even if some strategies/EA no longer implemented its fine,we move on to new pages within the thread. I was wondering why you took so long replying lol.... but now I remember the project.Let me spend some time reading now ,still lockdown 9pm - 5am for the next 3 months at least.

Ooooo good luck again by lockdown, i felt bored by this quarantine.
I am completely a lazy Trader & Pennies Rebate Hunter
  • #188
  • Edited 11:27pm Aug 20, 2021 11:03pm | Edited 11:27pm
Before we discuss this simple earning money method, lets review our earliest previous EA WPR

Its got the rhythm on XAUUSD Scalping M5 TP 200 SL 150 or NZDJPY M5 Tp 20 Sl 15

But DD is still high, which can not pass FTMO Challenge. I quit of the Challenge
Attached Image (click to enlarge)
Click to Enlarge Name: wpr.png Size: 147 KB
I am completely a lazy Trader & Pennies Rebate Hunter
  • #189
  • Edited Aug 21, 2021 7:12am Aug 20, 2021 11:20pm | Edited Aug 21, 2021 7:12am
this Buman WPR ea can be used on NZDJPY with default and XAUUSD: change TP 200 SL 150.
I can not share this free cause most our friend has bought this EA and or become my referred onJustforex.
This EA attached is limited by the end of September 2021. Live or Demo Acc

For the detailed of the EA https://www.metalsmine.com/thread/94...gold-using-wpr
Attached File(s)
File Type: ex4 1 BUMAN WPR TRIAL.ex4   58 KB | 387 downloads
I am completely a lazy Trader & Pennies Rebate Hunter
  • #190
  • Edited Aug 21, 2021 1:20am Aug 20, 2021 11:39pm | Edited Aug 21, 2021 1:20am
I thought i will make something like e-book to make summary with all Plus and Minus each EA performs.

Buman EA series :

1. Buman WPR
2. Buman Radic PSR
3. Buman Radic Limit
4. Buman Correlation
5. Buman Chart Pattern
6. Buman MA Cross
7. Buman Session and Daily Breakout
8. Buman Pension Fund
9. Buman Macd
I am completely a lazy Trader & Pennies Rebate Hunter
  • #191
  • Edited Aug 21, 2021 1:23am Aug 20, 2021 11:48pm | Edited Aug 21, 2021 1:23am
Lets discuss this simple earning money method

First step ===> we should become IB broker

we can make make our link online or offline. the first easiest way is asking our family, brothers/sisters, uncle etc to use our IB link and offer them rebate cashback.

I am offering 50% cashback rebate.

I dont know about other broker policy, justforex will give us rebate when trade has reached more than 60 points lost or profit.

Beside rebate, as IB we can get Revenue from our trading. find out the policy on your broker. if you would like to do some steps exactly as i do you can PM me.
I am completely a lazy Trader & Pennies Rebate Hunter
  • #192
  • Edited Aug 21, 2021 1:11am Aug 20, 2021 11:58pm | Edited Aug 21, 2021 1:11am
There is a correlation between one pair and another. Positive and negative.

lets see the JPY. NZDJPY and AUDJPY for example with high volatile.

Both have "almost" same direction (Positive Correlation). NZDJPY down AUDJPY also down. Vice versa.

Actually we hedge JPY with different pair.

The EA will buy NZDJPY and Sell AUDJPY and close both when met the broker policy. default setting EA met justforex policy.
little profit, even some time lost, but high revenue and rebates.
Attached Image (click to enlarge)
Click to Enlarge Name: 917fc80ce17e0f0be9f8664e65b2f812.png Size: 27 KB
I am completely a lazy Trader & Pennies Rebate Hunter
  • #193
  • Edited 12:59am Aug 21, 2021 12:28am | Edited 12:59am
EURUSD and USDCHF has Negative Correlation

EURUSD up, USDCHF down

EA will buy EURUSD AND buy USDCHF exactly in same time. Well its actually hedging USD right??? just not in the same pair
Attached Image (click to enlarge)
Click to Enlarge Name: 065d848c200546ce50e22c68f4a42ca4.png Size: 159 KB
I am completely a lazy Trader & Pennies Rebate Hunter
  • #194
  • Edited 1:25am Aug 21, 2021 12:35am | Edited 1:25am
The Ea has Maximum daily entry, default is 5,000 position daily which is will not reached, justforex have limitation by 50 positions open each currency on cent account. this will safe for DD.

Just put EA on chart any TF and change the name of other Pair with positive or negative value.

if your broker have prefix name on pair, write it exactly your broker pairs name. like AUDJPY.c /AUDJPY.m /AUDJPY.s

Trial end last September 2021, live or demo account
Attached File(s)
File Type: ex4 BUMAN CORRELATION TRIAL.ex4   54 KB | 403 downloads
I am completely a lazy Trader & Pennies Rebate Hunter
  • #195
  • Edited 1:27am Aug 21, 2021 12:42am | Edited 1:27am
Quoting anthon25
Yesterday i made a trial on my BUMAN Correlation EA and mute all other accounts EA. and i was surprised by the result Made 1 accountsby usd 100 = 10,000 cent, and 3 accounts of 5,000 cents. with different pair. Although the Balance decrease a little i was surprised by the commission and the rebate will be counted tomorrow morning. by usd : 250 the revenue come was usd 58 and counting.... (not include rebate, just revenue) Brother @scsstnt do we need to share the strategies here on this thread or...
sure the EA will not make large profit, even some time its lost.. but all the lost covered by Rebate and Revenue. Perhaps we can named this EA as Rebate Hunter??

What are we looking for, profit or MONEY ????
I am completely a lazy Trader & Pennies Rebate Hunter
  • #196
  • Edited 7:09am Aug 21, 2021 3:07am | Edited 7:09am
Today i restarted the balance with 3 accounts; each is USD 160 with cent account (16,000 cents)

Buman Correlation Positive

1. NZDJPY AUDJPY
2. NZDJPY EURJPY
3. EURJPY AUDJPY

lets see for a week (5 days of trading) and i will share the result of Profits and Revenue.
if this plan goes well, i will move all of my fund from icmarkets to justforex

Thanks bro... Keep safe and health
Attached Image (click to enlarge)
Click to Enlarge Name: 898638020f9db8fcdd47c951abf850f7.png Size: 1.4 MB
I am completely a lazy Trader & Pennies Rebate Hunter
  • #197
  • Aug 21, 2021 3:34am Aug 21, 2021 3:34am
Time flies............. But the fun’s just starting...





@avast
I am completely a lazy Trader & Pennies Rebate Hunter
  • #198
  • Edited 5:27am Aug 24, 2021 4:58am | Edited 5:27am
2 Accounts containing EURJPY WIPE OUT in just 2 days!!!!

AUDJPY X NZDJPY NZDJPY X AUD both are still Survived.
I am completely a lazy Trader & Pennies Rebate Hunter
  • #199
  • Aug 24, 2021 11:46am Aug 24, 2021 11:46am
200 usd is wiped out because of EURJPY

Remain 2 acc with NZDJPY and AUDJPY

Revenue will cover all the losses; I hope
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 126 KB
I am completely a lazy Trader & Pennies Rebate Hunter
  • #200
  • Edited 10:15pm Aug 27, 2021 9:57pm | Edited 10:15pm
This Week, the Revenue has covered all the wiped accounts and still have more revenue.

The sum of revenue transfer to account with "Correlation Buman EA". Need more time to trial.

Only using NZDJPY AUDJPY. Using USD 500 (50,000 cents)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 99 KB
Click to Enlarge Name: Untitled2.png Size: 768 KB
I am completely a lazy Trader & Pennies Rebate Hunter
0 traders viewing now