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Attachments: Trading the NOW Pivot
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Trading the NOW Pivot

  • #1
  • First Post: Jun 25, 2008 2:31am Jun 25, 2008 2:31am
The NOW Pivot levels change each day. The analysis for today was updated after the North American close.

Updated analysis is located in the NEWS section.
  • #2
  • Edited 6:33am Jun 25, 2008 6:10am | Edited 6:33am
I have included a brief guide on the methodology.
Attached File(s)
File Type: pdf Trading the NOW Pivot.pdf   29 KB | 1,762 downloads
  • #3
  • Jun 25, 2008 6:23am Jun 25, 2008 6:23am
This sounds like POC (Point-of-Control).
What's the difference?
Dave
  • #4
  • Jun 25, 2008 6:35am Jun 25, 2008 6:35am
It is similar, but not true POC. For instance, the NOW Pivot may be very high volume, but not meet other guidelines I use for satisfying supply or demand exhaustion. I use a volume threshold and consider the time of day also so the two do not always match up.
  • #5
  • Jun 25, 2008 6:39am Jun 25, 2008 6:39am
I use the word NOW to indicate that we are trading in the present, based on what is known since it is all we have. I do not attempt to predict as much with this method rather I just go with the flow of value on a daily basis.
  • #6
  • Jun 25, 2008 12:28pm Jun 25, 2008 12:28pm
NEW NOW PIVOTS PRIOR TO THE FOMC RELEASE!!!!!

We had profits in all trades today, please review your position and manage profits and risk prior to the FOMC release.

Good trading.
  • #7
  • Jun 25, 2008 1:07pm Jun 25, 2008 1:07pm
Is it possible to include USDCAD in your posts?
Thanks so much!
  • #8
  • Jun 25, 2008 2:53pm Jun 25, 2008 2:53pm
DRT - do you make the TS8 code available for your NOW indicator, please ?

J.
  • #9
  • Jun 26, 2008 6:05am Jun 26, 2008 6:05am
Quoting ultimate
Is it possible to include USDCAD in your posts?
Thanks so much!

I could but at this point I am trying to manage my workload. Let me see how things go. If there are other traders who trade CAD and are interested, let me know.
  • #10
  • Jun 26, 2008 6:07am Jun 26, 2008 6:07am
Quoting jtrade
DRT - do you make the TS8 code available for your NOW indicator, please ?

J.

There is no code. It is not an indicator. If you were able to read the Guide I try to explain to some degree what I do. I manually track time, sales, volume and come up with these levels.

The code is simply a drawing tool that plots lines on a chart for reference. You can likely do the same thing easily. There is lots of help with this on the TS forums.
Attached File(s)
File Type: pdf Trading the NOW Pivot.pdf   29 KB | 1,672 downloads
  • #11
  • Jun 26, 2008 6:08am Jun 26, 2008 6:08am
Nice work DRT!!
"I know how hard it is for you to put food on your family." George W. Bush
  • #12
  • Jun 26, 2008 6:09am Jun 26, 2008 6:09am
It has certainly been active within the levels since yesterday. Hopefully some of you are getting a feel for it. It will be interesting to see if we work back toward the NOW Pivots any during the NA session.

Since there has been so much activity, I will do my best to get tomorrrow's analysis out early again...assuming that activity falls off later today.
  • #13
  • Jun 26, 2008 6:33am Jun 26, 2008 6:33am
thank you so mush for your time and generosity, i'm a newbie and read your analise evryday trying to understand, i'm so happy you put a pdf with explanation, about de now pivot...thank you again
La Bourse est une façon très onéreuse de découvrir son propre tempérament
  • #14
  • Jun 26, 2008 8:31am Jun 26, 2008 8:31am
Quoting Corto
thank you so mush for your time and generosity, i'm a newbie and read your analise evryday trying to understand, i'm so happy you put a pdf with explanation, about de now pivot...thank you again
vous êtes bienvenu
  • #15
  • Jun 26, 2008 8:32am Jun 26, 2008 8:32am
Interesting work look forward to your analysis
  • #16
  • Jun 26, 2008 8:45am Jun 26, 2008 8:45am
Thanks very much DR Trader for all your time and effort in presenting your method.
  • #17
  • Jun 26, 2008 3:47pm Jun 26, 2008 3:47pm
Quoting DownRiverTrader
It has certainly been active within the levels since yesterday. Hopefully some of you are getting a feel for it. It will be interesting to see if we work back toward the NOW Pivots any during the NA session.

Since there has been so much activity, I will do my best to get tomorrrow's analysis out early again...assuming that activity falls off later today.
Yes its been active and a good couple days.
I had better profit this week trading 2 pair instead of the 4 as I was better able to manage price movement as it would turn around.
Thanks for your levels they certainly help in managing the trade.
  • #18
  • Jun 26, 2008 4:36pm Jun 26, 2008 4:36pm
don't look now, 106.78 for the usd/jpy at 5:30 pm.
  • #19
  • Jun 26, 2008 7:19pm Jun 26, 2008 7:19pm
  • #20
  • Jun 26, 2008 9:34pm Jun 26, 2008 9:34pm
I tested your analysis with all the 4 majors and they are sooooo goooood. I just wish I can be like you one day. Thank you for being so generous to share this. I am trying to understand and learn from the pdf guide. Hope you will stay for a long time to teach us here in FF.
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