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The Only Pivot

  • #161
  • Mar 10, 2009 2:17am Mar 10, 2009 2:17am
Glenn,

Thanks for the quick reply. What settings are you using for it? And what are the settings for the MA on the price. Would you care to share.

Thanks

Peace




Quoting glenn5t
I use it to confirm the move...look for the cross red/blue lines and if its above or below the zero line...
I have found that if its turning at a extreme the move will last several hours.

Glenn
  • #162
  • Mar 10, 2009 9:47am Mar 10, 2009 9:47am
Quote
PeaceloverThanks for the quick reply.
Glenn,

Thanks for the quick reply. What settings are you using for it? And what are the settings for the MA on the price. Would you care to share.

Thanks

Peace

The FX sniper...pq 4..pr 8..ps 5 and trigger 4

The MA's are 5 and 2 both smoothed , weighted , close, HLCC4

Glenn
  • #163
  • Mar 10, 2009 10:03am Mar 10, 2009 10:03am
Thanks for the indicator settings.

http://i40.tinypic.com/2u97nu0.gif
TRO
  • #164
  • Mar 10, 2009 12:38pm Mar 10, 2009 12:38pm
i WAS WONDERING IF YOU ARE GOING TO START YOU OWN THREAD WITH YOUR OWN TRADING STYLE? i LOKE YOUR STYLE AND WANT TO LEARN MORE FROM YOU. iF YOU DO PLEASE LET ME KNOW.

tHANKS

P.S WHAT IS THE YELLOW LINE IN YOUR CHARTS?

PEACE


Quoting glenn5t
The FX sniper...pq 4..pr 8..ps 5 and trigger 4

The MA's are 5 and 2 both smoothed , weighted , close, HLCC4

Glenn
  • #165
  • Mar 10, 2009 1:15pm Mar 10, 2009 1:15pm
Quoting glenn5t
The FX sniper...pq 4..pr 8..ps 5 and trigger 4

The MA's are 5 and 2 both smoothed , weighted , close, HLCC4

Glenn
Hi Glenn

Do you use cross of the two MA's on one hour chart for your entries or cross of 2MA through the day open line on the hourly?

Also for fib extensions, do you always use high and low of the previous day?
Regards
  • #166
  • Mar 10, 2009 3:39pm Mar 10, 2009 3:39pm
Quote
PeaceloverGlenn5t
i WAS WONDERING IF YOU ARE GOING TO START YOU OWN THREAD WITH YOUR OWN TRADING STYLE? i LOKE YOUR STYLE AND WANT TO LEARN MORE FROM YOU. iF YOU DO PLEASE LET ME KNOW.

tHANKS

P.S WHAT IS THE YELLOW LINE IN YOUR CHARTS?

PEACE

I dont really have the time, as that would require me to be available on FF during London/New york open hours and I really like to trade with out distractions...
However I do have a good friend who know's my style and if he is intrested in opening the thread I would be happy to post from time to time, I will ask.

He also has a good knowledge of MA's cross after all its his setting's Iam using here...

Glenn
  • #167
  • Mar 10, 2009 3:44pm Mar 10, 2009 3:44pm
Quote
howardQuote:
Originally Posted by glenn5t http://www.forexfactory.com/images/buttons/viewpost.gif
The FX sniper...pq 4..pr 8..ps 5 and trigger 4

The MA's are 5 and 2 both smoothed , weighted , close, HLCC4

Glenn

Hi Glenn

Do you use cross of the two MA's on one hour chart for your entries or cross of 2MA through the day open line on the hourly?

Also for fib extensions, do you always use high and low of the previous day?

I use the cross of the MA's, the opening of the new candle after it has crossed and I use the Daily pivot as a indicator for the 1 hour trend.
Yes I always use the Fibonnacci levels from the previous day, I also use them during the day to check on retracements as per previous post..
But What Iam looking for is the break of the 0.0-100.00 range as per the PDF file I posted ..

Glenn
  • #168
  • Mar 17, 2009 1:59am Mar 17, 2009 1:59am
Hi Glenn,

Can you please post the Fx Sniper indicator if you don't mind. I searched and could not find a proper one.

Thanks a lot.

Regards,
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #169
  • Mar 17, 2009 2:26pm Mar 17, 2009 2:26pm
Quote
rpasupathyHi Glenn,

Can you please post the Fx Sniper indicator if you don't mind. I searched and could not find a proper one.

Thanks a lot.

Regards,

Glenn
Attached File(s)
File Type: mq4 FX_Sniper.mq4   4 KB | 990 downloads
  • #170
  • Edited 8:37pm Mar 17, 2009 8:09pm | Edited 8:37pm
Hi Glenn,

Thanks a lot for the indicator. Nice posts and explanations.

Cheers

PS : A very good system and my thanks to stevenali for introducing Only Pivot. Also thanks to tony for opening the thread @ FF and others here who have contributed here and at other forum about Only Pivot with feedback and comments.
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #171
  • Mar 23, 2009 11:28am Mar 23, 2009 11:28am
Hi Glenn

I am fascinated with this thread... a simple trading system with Fibo drawing.

I am now practicing your fibo drawing to derive the TP. I appreciate your valued comments.

There are two possible trends to TPs: uptrend vs downtrend.

Pls. see the attached images.

1/ Are the fibo drawings correct?

If the trend do go UP, then the TP would be 142.76,
otherwise DOWN to 139.37?

2/ Are the readings correct?

Kindly advise. Thank you so much.

Regards
fxpip8
Attached Images
  • #172
  • Mar 23, 2009 8:58pm Mar 23, 2009 8:58pm
ET are you still trading this system? If so I note it has been over a year. Are you still just using the arrows as you mentioned on your early posts here?
  • #173
  • Mar 23, 2009 10:50pm Mar 23, 2009 10:50pm
Good simple systems, I like it
  • #174
  • Mar 24, 2009 1:44am Mar 24, 2009 1:44am
Quote
fxpip8Fibo Drawing & TP
Hi Glenn

I am fascinated with this thread... a simple trading system with Fibo drawing.

I am now practicing your fibo drawing to derive the TP. I appreciate your valued comments.

There are two possible trends to TPs: uptrend vs downtrend.

Pls. see the attached images.

1/ Are the fibo drawings correct?

If the trend do go UP, then the TP would be 142.76,
otherwise DOWN to 139.37?

2/ Are the readings correct?

Kindly advise. Thank you so much.

Regards
fxpip8

Yes your settings are correct....I would add a 127.00 to the range for the slower days....

You can confirm the TP by waiting for a breakout and then the pull back which will give you a Fib level...you will then be able to work a extension..The pull back will also give you a SL position as you would place your SL just below the low of the pull back.

A pull back to 26.4% will extend to 127.0% and a pull back to 38.2% or 50.00 % will extend to 161.8%

These work really well with the JPY pairs...

Remember you can also use the same fibonacci levels for a break out after a period of ranging..

Hope this helps

Glenn
  • #175
  • Mar 24, 2009 5:19pm Mar 24, 2009 5:19pm
Dreamliner,
I have been using the system as is with the arrows on my charts, the alerts and all came from TSD forum. I can post them if you want....

Its not often that I get a bad signal, that is, it turns against me, but that is why one must have good money management also. This is one of the very rare system which is good in my opinion, and the only one which I have stuck with since the start of the thread on TSD.

I trade this off of the 15 MIN chart not the 1 HR as it was intended. The only reason is that sometimes price have moved too far, and I am skeptical in jumping in once the arrow appears after such a big move. Just like with any system, if you missed the big move, you may be trading at the very top or bottom of it; just too risky.
  • #176
  • Mar 24, 2009 8:17pm Mar 24, 2009 8:17pm
et

I would definitely appreciate a post with your indicators...I believe i am using the correct ones...but i would like to make sure...thanks
  • #177
  • Mar 24, 2009 9:27pm Mar 24, 2009 9:27pm
Thanks ET, yes, please post the below when you can.

Do you use any take profits or stop losses, or just exactly trade the arrows? If you just trade the arrows it looks like you would need to be at your screen 24/6. How do you handle that?

Thank you for answering.

Quoting et_phonehome_2
Dreamliner,
I have been using the system as is with the arrows on my charts, the alerts and all came from TSD forum....
  • #178
  • Mar 25, 2009 12:47am Mar 25, 2009 12:47am
ET, I realize that this is not your system but can you clarify the entry and exit and SL a little more clearly? Looked around but can't find the rules other than the TF and entry on break of pivot.

Is the correct entry for this system?

I presume the exit is the next break of the momentum line?


Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: win.jpg Size: 118 KB
Starting to see instead of just looking.
  • #179
  • Mar 25, 2009 2:54am Mar 25, 2009 2:54am
what's the name of this method on the forex-tsd forum?
  • #180
  • Mar 25, 2009 5:24am Mar 25, 2009 5:24am
Quoting balouf
what's the name of this method on the forex-tsd forum?
I have found http://www.forex-tsd.com/manual-trad...nly-pivot.html
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