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Pivot Trading

  • #42,781
  • Mar 28, 2023 1:31pm Mar 28, 2023 1:31pm
GU Possible short opportunity.
4 hr pin bar at resistance between R38/61
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H4.png Size: 18 KB
Successful trading is intrinsic to risk management and discipline
  • #42,782
  • Mar 28, 2023 1:45pm Mar 28, 2023 1:45pm
Quoting roanfox
{quote} Hey John, if you don't mind me asking, where did you get your YH/YL indicator? I searched in the attached files on the thread but did not find it. I have one but it's messed up, as I cannot hide most of the drawn lines (previous year, or month for example)
Hey. Hey,

all right, that should do it.
Attached File(s)
File Type: ex4 Daily_High_Low .ex4   10 KB | 274 downloads
It's not a dream. Chipsa is real!
  • #42,783
  • Mar 28, 2023 3:23pm Mar 28, 2023 3:23pm
I believe that the ADR high low indicator most people here use is called "!SM_ADR Marker". I have the EX4 file, but if anyone has the MQL4 file, I would appreciate a copy.
  • #42,784
  • Mar 29, 2023 3:00am Mar 29, 2023 3:00am
Watching GA and EA today - Its a light news day
Successful trading is intrinsic to risk management and discipline
  • #42,785
  • Mar 29, 2023 3:22am Mar 29, 2023 3:22am
i shorted wti , sl todays high
Muni loves you all!
  • #42,786
  • Mar 29, 2023 5:14am Mar 29, 2023 5:14am
interested in usdcad
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  • #42,787
  • Mar 29, 2023 6:04am Mar 29, 2023 6:04am
Quoting MuniFX
i shorted wti , sl todays high
stopped out
price right now at r78
Muni loves you all!
  • #42,788
  • Mar 29, 2023 6:26am Mar 29, 2023 6:26am
For now...
Attached Image (click to enlarge)
Click to Enlarge Name: R29.png Size: 5 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF_ecnM15.png Size: 55 KB
It's not a dream. Chipsa is real!
  • #42,789
  • Mar 29, 2023 6:57am Mar 29, 2023 6:57am
Quoting nittohanns
Watching GA and EA today - Its a light news day
Short both now
Successful trading is intrinsic to risk management and discipline
  • #42,790
  • Mar 29, 2023 8:06am Mar 29, 2023 8:06am
Quoting Mafedavid
interested in usdcad {image}
Might happen but oil's rising.
  • #42,791
  • Mar 29, 2023 10:01am Mar 29, 2023 10:01am
Quoting nittohanns
{quote} Short both now
Hey Nittohanns,

I was just following this trade . Can I ask what was the setup looking like when you took this trade. Keen to learn from fellow tradesmen. Thanks !
  • #42,792
  • Edited 5:08pm Mar 29, 2023 10:36am | Edited 5:08pm
Quoting praxker
{quote} Hey Nittohanns, I was just following this trade . Can I ask what was the setup looking like when you took this trade. Keen to learn from fellow tradesmen. Thanks !
Hi praxker,
I had been watching these pairs all morning due to the location of both, they both seemed overstretched to me and due a retrace. Both at resistance / pivot zones, a light news day, close to or hitting ADR high but there was no price action until later in the day which is when I jumped in. Closed both now in profit. Hope that helps.
Successful trading is intrinsic to risk management and discipline
  • #42,793
  • Mar 29, 2023 11:22am Mar 29, 2023 11:22am
Quoting nittohanns
{quote} Hi praxker, I had been watching these pairs all morning due to the location of both, they both seemed overstretched to me and due a retrace. Both where at resistance / pivot zones, a light news day, close to or hitting ADR high but there was no price action until later in the day which is when I jumped in. Closed both now in profit. Hope that helps.
Many thanks for replying back, it helps a lot to see your perspective and congratulations on the profit. Great trade , once again. Yes , I see now .. both were at resistance zones. Could you help to perhaps understand the price action that you saw which allowed you to enter and exit the trade. That will be of great help, thanks again !
  • #42,794
  • Mar 29, 2023 12:26pm Mar 29, 2023 12:26pm
It worked out nicely, unfortunately I was out so the trade took place on my mobile.
Attached Image (click to enlarge)
Click to Enlarge Name: R29.png Size: 6 KB


Otherwise I would have held it for a longer time (about 20pip) but yeah....good deal

nittohanns - good work
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_ecnM1.png Size: 51 KB
It's not a dream. Chipsa is real!
  • #42,795
  • Mar 29, 2023 12:29pm Mar 29, 2023 12:29pm
This thread is ace. Salut to you all and Davit
You can lead a horse to water, but you can't make it drink
  • #42,796
  • Mar 29, 2023 3:06pm Mar 29, 2023 3:06pm
Quoting n4r30s
I believe that the ADR high low indicator most people here use is called "!SM_ADR Marker". I have the EX4 file, but if anyone has the MQL4 file, I would appreciate a copy.
I do not have mql file but I use this indicator which has the option to hide the text that appears in the upper left.
Attached File(s)
File Type: ex4 !SM_ADR_Marker.ex4   12 KB | 275 downloads
  • #42,797
  • Mar 29, 2023 3:45pm Mar 29, 2023 3:45pm
Quoting adrian07
{quote} I do not have mql file but I use this indicator which has the option to hide the text that appears in the upper left. {file}
Attached File(s)
File Type: mq4 !SM_ADR Marker.mq4   10 KB | 362 downloads
  • #42,798
  • Mar 29, 2023 4:58pm Mar 29, 2023 4:58pm
Quoting praxker
{quote} Many thanks for replying back, it helps a lot to see your perspective and congratulations on the profit. Great trade , once again. Yes , I see now .. both were at resistance zones. Could you help to perhaps understand the price action that you saw which allowed you to enter and exit the trade. That will be of great help, thanks again !
I was looking for a series of falling candles or a break below the previous lows in an area of consolidation. As for the exit, that's not so easy for me to answer as I'm still working on this myself. It's got a lot to do with lots of chart time, hours and hours just watching charts and learning how price moves/reacts etc, on the EA and GA trades the price was heading towards the ADR low so for me that was a good enough reason to exit and take profit and price started to slow/turn.
Successful trading is intrinsic to risk management and discipline
  • #42,799
  • Mar 30, 2023 4:34am Mar 30, 2023 4:34am
Watching GU - currently showing some rejection at R61 however, US GDP and unemployment at 13:30
Successful trading is intrinsic to risk management and discipline
  • #42,800
  • Mar 30, 2023 5:42am Mar 30, 2023 5:42am
UC - 4H pin bar forming at S100 - Possible long
Successful trading is intrinsic to risk management and discipline
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