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Simple Candlestick-Pivot Method

  • #201
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  • Feb 12, 2008 11:46am Feb 12, 2008 11:46am
Still no signals from what I can tell. I surely wasn't expecting the g/j to go up as far as it did. Perhaps it will reach for R3 before giving a reversal signal.
  • #202
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  • Feb 12, 2008 12:51pm Feb 12, 2008 12:51pm
looks like we might have signals on GJ, cable, and EJ.
  • #203
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  • Feb 12, 2008 1:02pm Feb 12, 2008 1:02pm
good short signals on GJ and cable. you can get in better than entry here if you want to try this system
  • #204
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  • Feb 12, 2008 1:31pm Feb 12, 2008 1:31pm
Can someone help. Is this correct entry?
GJ @ 210.48 SL=> 210.98 TP=>209.48
P.S. Think "positive(+)"
  • #205
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  • Feb 12, 2008 1:44pm Feb 12, 2008 1:44pm
Quoting elliotbeat
Can someone help. Is this correct entry?
GJ @ 210.48 SL=> 210.98 TP=>209.48
Correct from my Point of view.
Altough i have to say i'm not an expert in this trading system.
I'm demo testing since 17 days on G/J. for total of 850pips right now

I should get more picky on the candel patterns. this would have been increasing the results.
  • #206
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  • Feb 12, 2008 1:57pm Feb 12, 2008 1:57pm
thanks, for the reply!! I'm in @ 210.60
P.S. Think "positive(+)"
  • #207
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  • Feb 12, 2008 3:42pm Feb 12, 2008 3:42pm
well i bailed early at break even and now it looks like it wants to fall. i don't think i will be too hard on myself though because it is getting late and i don't want to be stuck in a trade if it moves against me... also, i hung in there for some time. it was just hanging around and i have other things to do. good luck shorts!
  • #208
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  • Feb 12, 2008 4:20pm Feb 12, 2008 4:20pm
I'm out with +10 pips ... waiting for the next setup !
P.S. Think "positive(+)"
  • #209
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  • Feb 12, 2008 4:34pm Feb 12, 2008 4:34pm
Quoting elliotbeat
I'm out with +10 pips ... waiting for the next setup !
Im out too with +5 pips
Have anyone tryed combining this system with qqe alert?
  • #210
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  • Feb 12, 2008 4:51pm Feb 12, 2008 4:51pm
Quoting Renecop
Im out too with +5 pips
Have anyone tryed combining this system with qqe alert?

this is a PA system and it does not need indicators. in fact, if you look it over, you will see that it is, by definition, a counter trend system, so any of your typical indicators will just leave you late/without any trades.

if you look at the wins vs. losses, you should notice this outperforms the trend following systems.

HOpefully we can stay with the spirit of the thread and keep the indicator discussion elsewhere... i don't have anything against indicators and use them with other systems but lets try to focus on pivots and candle formations here.
  • #211
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  • Feb 12, 2008 5:12pm Feb 12, 2008 5:12pm
Quoting Renecop
Im out too with +5 pips
Have anyone tryed combining this system with qqe alert?
lol I think their are enough systems going round now with the qqe (including mine)

Very nice, simple method using no indicators. First time I can see pivot points being of any use to me. Going to check it out with some other pairs as well.
  • #212
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  • Feb 12, 2008 9:50pm Feb 12, 2008 9:50pm
GJ is setting up @ pivot
am I right?
  • #213
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  • Feb 13, 2008 8:07am Feb 13, 2008 8:07am
You were right...and I hope you went long on g/j. I went long on e/j this morning at 155.99 and enjoyed the ride up! Only my second trade using this method and it was beauty!!! Both trades have been winners with this method...so far so good.

Quoting Renecop
GJ is setting up @ pivot
am I right?
  • #214
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  • Feb 13, 2008 3:55pm Feb 13, 2008 3:55pm
is anyone looking to go short gy now that we hit r2 if candle closes red ?
Ghost Swoopen in for my pips while no one is lookin !!
  • #215
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  • Feb 13, 2008 4:02pm Feb 13, 2008 4:02pm
Quoting Ghostpipper
is anyone looking to go short gy now that we hit r2 if candle closes red ?
I was thinking about it since my platform also show that as the Monthly pivot. I don't know that this is a great time of day to trade this pair though.
  • #216
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  • Feb 13, 2008 4:15pm Feb 13, 2008 4:15pm
Quoting travisj37
I was thinking about it since my platform also show that as the Monthly pivot. I don't know that this is a great time of day to trade this pair though.
Travis would u like to be added to this skype chat about this system? if so pm me
Ghost Swoopen in for my pips while no one is lookin !!
  • #217
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  • Feb 13, 2008 4:18pm Feb 13, 2008 4:18pm
Quoting Ghostpipper
Travis would u like to be added to this skype chat about this system? if so pm me
in fact if anyone wants to be addedt o this chat just pm me with yer skype
Ghost Swoopen in for my pips while no one is lookin !!
  • #218
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  • Feb 13, 2008 6:06pm Feb 13, 2008 6:06pm
ok its ny close and i dont like to trade here but for systems sake im taking it

short gy 212.63
stop loss 213.13
limit 211.63
Ghost Swoopen in for my pips while no one is lookin !!
  • #219
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  • Feb 13, 2008 6:59pm Feb 13, 2008 6:59pm
I got in @ 212.52
P.S. Think "positive(+)"
  • #220
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  • Feb 13, 2008 9:50pm Feb 13, 2008 9:50pm
I am too late it bounced off of the monthly pivot nicely
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