Run away from pivots

After quite some time, I may have found something that works for me. I still study this method and I'm documenting this mainly for myself.

I can trade only the London session. The idea is to let the London session settle and let it establish a direction after the 30mins from open.

Idea:

1. the plan consist of multiple ideas/concepts learned along the time, from FF, youtube or books
2. no one wants to trade ranges
3. I think someone has a trading system with pivots, but it seemed too complicated for me. I need something mechanical, it's 1 or 0.
4. some ideas from NNFX:
   1. baseline - 50 ema
   2. ATR
   3. confirmation 1 - 30m range + 1h pivot
   4. confirmation 2 - TDI / DIDI Index w/ QQE / Vortex
   5. continuation - TBD
   6. exit: RR 1:2, SL or pivot broken (still testing)

   
   
   
   

Plan:

1. At 8:30 AM, open the charts in the 30m TF and plot 2 horizontal lines on the chart: high and low of the 30m candle (or use an ORB indicator) - https://www.tradingview.com/x/L3iogjaM/

Drop to the 3m TF, plot the 50 EMA and 1h pivots (the most important piece of the puzzle) - https://www.tradingview.com/x/1RdnmMu8/

Rules:

1. 50 EMA in blue
2. 1h pivots in yellow
3. Wait for the to run away from 50EMA and 1h pivot, up or down
   1. Long: the candle must close above the opening 30m range, above 1h pivot, above 50ema
   2. Short: the candle must close below the opening 30m range , below 1h pivot, below 50ema

   
   
   

4. For both, SL must be placed at 1 - 1.5 ATR (exceptions could be with 2ATR, preferably around the pivot or if it seems to close, the 50ema) - still studying the SL rules
5. risk/reward: at least 1:2 (either profit or SL) and then trail the SL if possible
6. Trade in the direction of the 50EMA (edit #1)
7. Don't enter if:
   1. the actual signal candle is greater than 1.5 ATR (you already lost)
   2. the entry price is above 2 ATR
   3. the PA looks flat (50MA flat)
   4. the PA broke the pivot multiple times
   5. the triggering candle crosses the pivot

   
   
   
   
   

Entry example: 22 dec, GER30

20 dec, GER 30

EUR/USD - 22dec

1. Entry breaks the rule with the SL being 1.5-2ATR
2. But, pivots are creating stairs, EMA going up
3. Entry could've been taken with 0.5% instead of 1%

AUD/JPY - 22 dec

1. w/ a more tight SL, could've been a loss
2. SL could've been at the 50EMA since it's close to the pivot

EJ - 22 dec

1. In real time I might have taken the 3rd short entry after the yellow support was broken
2. losses happen

GU - 22 dec

1. added 2 pieces in the puzzle: didi and UT bot (just a trailing 1.5x ATR)
2. when entering a trade, check didi cloud slope - they must disagree (one up, one down)

EU - 27 dec

1. if RR was 1:2, then it was a win, otherwise a loss
2. however, the real trend could've been caught at 16pm

EU

1. new rule: the triggering candle must not cross the pivot

EG

EU

GER30