Hi FF gang
I wondered if anyone can advise or give their opinion.
Over the past few months whilst learning, I always got stuck on which pairs to trade whilst maintaining discipline, I started doing test on majors only, but, then developed a spreadsheet that some days/weeks is 100% correct, then in times of indifferent markets, the win rate reduces, namely because of timing the entry and big manipulation.
As a shortlist it works really well and gives you a good idea of the correct direction, which is a big plus. However, I do struggle to find a way how to find an entry, the moves are primarily pivot-based with 5 confluences, but I have nothing to alert me when the initial move happens and lack of knowledge with timing of entry during the sessions because the moves always pull back
if timed right, the moves can bring 20-60 pips or can break even. The occasional time its actually the start of a big move
I've tried variations based on different stop loss and TPs and even set a point to move to BE (25% of pip target)
So far, I havent traded it fully but place markers on trading view at which stage I know if it was a good move or not later on.
From 28 pairs, some days I get 0 or 1-4 pairs on the shortlist, others can be 14 pairs- so I have been nervous to place 14 trades and manage them all, albeit, when I go back to them and check the time, they have all won, the biggest one was 18 winners
The parameters are:
Is the current price above or below all major pivot points 4H / D / W / M
Are the 4h and Daily pivot points higher or lower than previous
Are the 4h and Daily close price higher or lower than previous
Is the current price higher or lower than the 4h and Daily Fibonacci pivot points
Is the current price higher or lower than the 4h and Daily open candle price
Alert should be when the conditions are met and the price crosses the pivot point (or sometimes is already above or below) - look for entry using a 15m chart and daily pivot.
I've attached the screenshot, pre-filtered, to get the selections I just go through the filters.
Thank you in advance
I wondered if anyone can advise or give their opinion.
Over the past few months whilst learning, I always got stuck on which pairs to trade whilst maintaining discipline, I started doing test on majors only, but, then developed a spreadsheet that some days/weeks is 100% correct, then in times of indifferent markets, the win rate reduces, namely because of timing the entry and big manipulation.
As a shortlist it works really well and gives you a good idea of the correct direction, which is a big plus. However, I do struggle to find a way how to find an entry, the moves are primarily pivot-based with 5 confluences, but I have nothing to alert me when the initial move happens and lack of knowledge with timing of entry during the sessions because the moves always pull back
if timed right, the moves can bring 20-60 pips or can break even. The occasional time its actually the start of a big move
I've tried variations based on different stop loss and TPs and even set a point to move to BE (25% of pip target)
So far, I havent traded it fully but place markers on trading view at which stage I know if it was a good move or not later on.
From 28 pairs, some days I get 0 or 1-4 pairs on the shortlist, others can be 14 pairs- so I have been nervous to place 14 trades and manage them all, albeit, when I go back to them and check the time, they have all won, the biggest one was 18 winners
The parameters are:
Is the current price above or below all major pivot points 4H / D / W / M
Are the 4h and Daily pivot points higher or lower than previous
Are the 4h and Daily close price higher or lower than previous
Is the current price higher or lower than the 4h and Daily Fibonacci pivot points
Is the current price higher or lower than the 4h and Daily open candle price
Alert should be when the conditions are met and the price crosses the pivot point (or sometimes is already above or below) - look for entry using a 15m chart and daily pivot.
I've attached the screenshot, pre-filtered, to get the selections I just go through the filters.
Thank you in advance