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The Only Pivot

  • #181
  • Mar 25, 2009 3:37am Mar 25, 2009 3:37am
Quoting cgldsmth
what about this one?
Is this an indicator or an EA?
  • #182
  • Mar 25, 2009 5:44pm Mar 25, 2009 5:44pm
Quoting balouf
I have found http://www.forex-tsd.com/manual-trad...nly-pivot.html

"Just go to page, Oh I forgot".

Doesn't exactly help to clarify entry, SL, TP and Exit.
Starting to see instead of just looking.
  • #183
  • Mar 26, 2009 7:17am Mar 26, 2009 7:17am
Quoting glenn5t
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...
Thx, Glenn.
I'll try to digest your extra info.

fxpip8
  • #184
  • Mar 26, 2009 11:11am Mar 26, 2009 11:11am
Hi Glenn

Is there any relationship between Harmonic's vs Fibo as shown in your images in past few postings?
Or is there any web site, ebook or material that I can further read on Harmonic's vs Fibo?
I think it is an interesting / a great handy tool for fx?
Any advise?
You may want to email me at [email protected].

TQ and Regards
fxpip8
  • #185
  • Edited 5:04am Mar 27, 2009 4:03am | Edited 5:04am
Wooo Yeah...

Nice run on EUR/USD M15.

Kind of caught me by surprise and makes me wonder if an alert is around to warn us as price crosses the daily open?

Anyone know of an alert for this?
Attached Image (click to enlarge)
Click to Enlarge Name: WIN.jpg Size: 343 KB
Starting to see instead of just looking.
  • #186
  • Mar 27, 2009 6:45am Mar 27, 2009 6:45am
Playing this on a live account , shorted at 142.49. currently at 139.95.... . will exit at 140.25 for stomp out . if not , will let it ride some more ...
Attached Image (click to enlarge)
Click to Enlarge Name: pivot chart ..3.gif Size: 18 KB
  • #187
  • Mar 27, 2009 7:29am Mar 27, 2009 7:29am
Quoting buffalopip
Playing this on a live account , shorted at 142.49. currently at 139.95.... . will exit at 140.25 for stomp out . if not , will let it ride some more ...

What arrow alert are you using in that setup?
If you could post the indicator. I would be grateful.
Starting to see instead of just looking.
  • #188
  • Mar 27, 2009 11:28am Mar 27, 2009 11:28am
Quoting Rastaman
What arrow alert are you using in that setup?
If you could post the indicator. I would be grateful.
This is what he is using:
Attached File(s)
File Type: ex4 TheOnlyPivot_MA Crossover Signal.ex4   4 KB | 714 downloads
Regards
  • #189
  • Mar 27, 2009 7:04pm Mar 27, 2009 7:04pm
Hi Rastaman , if you read page TWO of this thread , you should find what your looking for .....
  • #190
  • Mar 27, 2009 7:42pm Mar 27, 2009 7:42pm
Thanks for the alert indicator folks.

Must have scrolled through pages too fast to catch it on P2.

Yesterday was a good run after the London session opened, caught me by surprise after a lot of ranging going on.

You guys still finding this system profitable when the market is trending?

Thanks again
Starting to see instead of just looking.
  • #191
  • Mar 28, 2009 9:15am Mar 28, 2009 9:15am
Attached are the only indicators I use for this system....

I strictly use the 15M chart for this system for the simply I do not like jumping in after a long candle has appeared meeting the criteria. I just like to catch a move as early as possible. I typically target for 25 - 50 PIPs, I do not use a SL anymore [those damn brokers hunt down stops like crazy - you can tell if you stare at the charts long enough]. As soon as I grab a minimum of 20 PIPs, I would close 1/2 position, move the other half to break even and let it run.... Do not ask what I use for SL, it all depends upon your tolerance which I do not have, if you are trading with the trend then it should not matter much [use the 4HR and 1HR as a guide with 5/8EMA cross].

Incidentally, I do not trade with the trend though it is safer, but within a day, there are many moves you can capture in a day. I have used this mostly on EURJPY and GBPUSD, and very seldom on GBPJPY because of the large spread not unless I am with the trend.

I really do not understand why some people always say trade a particular session other than for the volatility. To me, a system should not be dependent upon the European or NewYork session. Having said that, I have only traded a few hours at the start of the Australian/Asian session and a few hours before the New York session.... The Asian session is like my entry point, and prior to the New York session is like my exit point [I would close all my positions].

If you do not want to stare at the charts waiting for an alert to pop up, wait for the start of a new day, and around 4PM EST, its when I see it most often. If you do wait for 4PM EST, you can capture quite a few PIPs, but be sure to get out when its around 7PM EST - very volatile and may turn on you...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_15M.jpg Size: 79 KB
Attached File(s)
File Type: zip source.zip   5 KB | 734 downloads
File Type: tpl theonlypivot.tpl   5 KB | 677 downloads
  • #192
  • Mar 28, 2009 11:33am Mar 28, 2009 11:33am
Quoting jarroo
Long signal at 211.29 (+spread)
From the image , it seems your using it in the wrong manner. You need to use the momentum indicator and the 100level as a filter to prevent fakeouts.
prepare for worst & expect the best
  • #193
  • Mar 28, 2009 3:41pm Mar 28, 2009 3:41pm
Quoting et_phonehome_2
Attached are the only indicators I use for this system....

I strictly use the 15M chart for this system for the simply I do not like jumping in after a long candle has appeared meeting the criteria. I just like to catch a move as early as possible. I typically target for 25 - 50 PIPs,
Quote
I do not use a SL anymore [those damn brokers hunt down stops like crazy - you can tell if you stare at the charts long enough]. As soon as I grab a minimum of 20 PIPs, I would close 1/2 position, move the other half to break even and let it run.... Do not...
which I do not have, if you are trading with the trend then it should not matter much [use the 4HR and 1HR as a guide with 5/8EMA cross].

Incidentally, I do not trade with the trend though it is safer, but within a day, there are many moves you can capture in a day. I have used this mostly on EURJPY and GBPUSD, and very seldom on GBPJPY because of the large spread not unless I am with the trend.

I really do not understand why some people always say trade a particular session other than for the volatility. To me, a system should not be dependent upon the European or NewYork session. Having said that, I have only traded a few hours at the start of the Australian/Asian session and a few hours before the New York session.... The Asian session is like my entry point, and prior to the New York session is like my exit point [I would close all my positions].

If you do not want to stare at the charts waiting for an alert to pop up, wait for the start of a new day, and around 4PM EST, its when I see it most often. If you do wait for 4PM EST, you can capture quite a few PIPs, but be sure to get out when its around 7PM EST - very volatile and may turn on you...
Here is a script you might like to use. It's an order management script to use after you enter a trade. It allows you to set a stop loss, CH = Close half of your position at a predetermined amount of pips, set a trailing stop, set a trailing stop range.

This is a script, not an indicator, so you go to your Experts folder and load it into the Scripts folder which is located in Experts. To apply the script, drag it from Navigator on to your chart or double click on the script , then click execute. It will appear in a window on your chart. From there you set the parameters that you want for the trade.

For eg, Sl=30pips Close half after 20pips profit, Trailing Stop{move to break even after 20 pips} Trailing Stop Range 25 pips{follow price by 25pips} Take Profit 100pips

Oh yeah, here's a couple other features I forgot to mention. All the settings you use on the script will be hidden from your Broker. Your Broker can't go stop hunting if he can't see your stops. The other feature is if you want to adjust any of the level settings you've selected, simply double click on that line in your chart and move it up or down with your mouse.

There you go! hope everyone finds this Script handy! Take care all...T-Wolf
Attached File(s)
File Type: ex4 FX Guru Order Management #1.ex4   36 KB | 667 downloads
  • #194
  • Mar 28, 2009 7:06pm Mar 28, 2009 7:06pm
thunderwolf

Thanks for the script...

ET
  • #195
  • Mar 29, 2009 6:14am Mar 29, 2009 6:14am
I used to have other indicators on my charts to confirm whether to take a trade or not, I eventually got rid of them. Having other indicators on my charts just distracted me from using this system successfully or any other system since I would get conflicting signals or get in too late. Though an arrow appears for this system, I do not take every trade, there may be false moves at times, but not many....
  • #196
  • Mar 29, 2009 6:30am Mar 29, 2009 6:30am
I dont know if this will help but I have an indicator that marks the high and low of the Asian session..

You have to wait for the 8th bar for it to complete,then London opens

If any body wants it just let me know

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: top.gif Size: 27 KB
  • #197
  • Mar 29, 2009 10:04am Mar 29, 2009 10:04am
Quoting et_phonehome_2
I used to have other indicators on my charts to confirm whether to take a trade or not, I eventually got rid of them. Having other indicators on my charts just distracted me from using this system successfully or any other system since I would get conflicting signals or get in too late. Though an arrow appears for this system, I do not take every trade, there may be false moves at times, but not many....
Hi ET,

I was wondering if you could post a chart that shows a day where you had multiple entries using this system on a 15M chart and maybe explain the criteria for why you would have taken those entries. Thank you for your input ET, I appreciate it.....T-Wolf
  • #198
  • Mar 29, 2009 11:16am Mar 29, 2009 11:16am
Quoting Paulus
I dont know if this will help but I have an indicator that marks the high and low of the Asian session..

You have to wait for the 8th bar for it to complete,then London opens

If any body wants it just let me know

Paulus

Plz post your indi's man
  • #199
  • Mar 29, 2009 11:52am Mar 29, 2009 11:52am
here you go
Attached File(s)
File Type: ex4 LondonForexRush.ex4   21 KB | 551 downloads
  • #200
  • Mar 29, 2009 5:57pm Mar 29, 2009 5:57pm
Just wondering how we address the SUNDAY session, which I presume is the short open bar.

Do we ignore it as the start of the Monday session?
Attached Image (click to enlarge)
Click to Enlarge Name: OP.jpg Size: 122 KB
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