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Pivot Trading with TudorGirl Indicator on any pair on 5 min timeframe

  • #81
  • Jun 14, 2009 2:40pm Jun 14, 2009 2:40pm
Quoting 4xStar
one more thing .. in your indicators folder there is a file called mqcache.dat .. it ends in .dat. That file should not be moved when program is reinstalled or when you install a new version. So when you move from one version of MT4 to another or, like me, I have 2 MT4s from 2 diffferent brokers .. you can move the indicator files, ending in .mq4 and ex4 etc .. but don't replace the .dat file.

thanks again, managed to get it sorted out again.

looking 4ward to trying this out this week

have you had any success on this as of yet
  • #82
  • Jun 14, 2009 3:10pm Jun 14, 2009 3:10pm
My platform opened 10 mins back...most of the pairs are below Daily Pivot, so just shorting EU,GU, AU, NZU for a quick scalp of 20-30 pips . GY short targetting 161. If it works as per plan, should be over for the day even before london opens

Risk is 1% per trade
Trend is your friend...
  • #83
  • Jun 14, 2009 3:26pm Jun 14, 2009 3:26pm
Quoting nisha4x
My platform opened 10 mins back...most of the pairs are below Daily Pivot, so just shorting EU,GU, AU, NZU for a quick scalp of 20-30 pips . GY short targetting 161. If it works as per plan, should be over for the day even before london opens

Risk is 1% per trade
what pf are you using
  • #84
  • Jun 14, 2009 3:28pm Jun 14, 2009 3:28pm
Quoting hutchy
what pf are you using
cannot mention the platform as its against the FF rules, they think its advertising except that its in cyprus
Trend is your friend...
  • #85
  • Jun 14, 2009 3:30pm Jun 14, 2009 3:30pm
Quoting nisha4x
cannot mention the platform as its against the FF rules, they think its advertising except that its in cyprus

no worries, good luck and look forward to smashing the pips this week
  • #86
  • Jun 14, 2009 4:46pm Jun 14, 2009 4:46pm
How can you trade before the markets open?
******************* I'd rather make money than be right.
  • #87
  • Jun 14, 2009 5:01pm Jun 14, 2009 5:01pm
Please somebody tell me what i'm doing wrong? ... i can't upload the indi to my MT4. thanks a lot. I try to "save as" but is not possible (sorry for my english)
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  • #88
  • Jun 14, 2009 5:31pm Jun 14, 2009 5:31pm
Here eurusd closed below its weekly and daily S1, during Asia open, and the indi bar is red...is it a good short signal?
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  • #89
  • Edited 8:34pm Jun 14, 2009 5:43pm | Edited 8:34pm
Quoting AndresOtero
Please somebody tell me what i'm doing wrong? ... i can't upload the indi to my MT4. thanks a lot. I try to "save as" but is not possible (sorry for my english)
You don't 'upload' it into the folder, you save the file to your desktop, then open Explorer and drag it into the experts>>indicators folder. Close your MT4 before doing this .. when you open it again, the indicator should be ready to go.
Or you can save it direct to the experts>>indicators folder. But MT4 will have to be closed and re-opened before you see the indicator.
******************* I'd rather make money than be right.
  • #90
  • Jun 14, 2009 7:10pm Jun 14, 2009 7:10pm
Profit stop on the good side . Let's see what happens from here.
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Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #91
  • Jun 14, 2009 11:47pm Jun 14, 2009 11:47pm
Since its the asian session, things are quite slow , wait for london open to know the correct direction. However, i would wait for it to retest the weekly pivot and then take it from there, but to me seems a good short opportunity.

Infact yesterday, my Broker starts 1 hr before NZ open, so already made 17% risking 1% per trade , took some calculated risk with GY with tight SL, so risk reward ratio was good

Quoting candletrader
Here eurusd closed below its weekly and daily S1, during Asia open, and the indi bar is red...is it a good short signal?
Attached Image (click to enlarge)
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Trend is your friend...
  • #92
  • Jun 14, 2009 11:57pm Jun 14, 2009 11:57pm
see the chart, my broker starts at 23:00 hrs, already done for this week as per my 2% target a day , using high probability trades,

i closed some trades with profit instead of letting them run a i was sleepy and wanted to close the platform. i am willing to take even 1 pip profit as long as the market gives it to me, no problem
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Trend is your friend...
  • #93
  • Jun 15, 2009 12:03am Jun 15, 2009 12:03am
below is a example of a trade which can be taken with intution, experience and discretion, market direction was in favor of USD, and with less votality , a test of daily and weekly pivot confluence was good for a atleast 20-30 pips

Keeping the 15-20 pips below the pivot point would have been prudent as no one can predict market direction.
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Trend is your friend...
  • #94
  • Jun 15, 2009 12:14am Jun 15, 2009 12:14am
i guess ur using Vista, you dont have admin permission to save or modify files, check that out. Login as administrator and then save file

Quoting AndresOtero
Please somebody tell me what i'm doing wrong? ... i can't upload the indi to my MT4. thanks a lot. I try to "save as" but is not possible (sorry for my english)
Trend is your friend...
  • #95
  • Jun 15, 2009 1:13am Jun 15, 2009 1:13am
Quoting nisha4x
see the chart, my broker starts at 23:00 hrs, already done for this week as per my 2% target a day , using high probability trades,

i closed some trades with profit instead of letting them run a i was sleepy and wanted to close the platform. i am willing to take even 1 pip profit as long as the market gives it to me, no problem
Have a question,
On your first trade, why did u take the sell order at 161.672? I ask this because the pivot line is below that at 161.605.

Quoting nisha4x
Infact yesterday, my Broker starts 1 hr before NZ open, so already made 17% risking 1% per trade , took some calculated risk with GY with tight SL, so risk reward ratio was good
Your stop losses seem to be much more than 1%. First trade is 6.3% risk and second trade was 7% risk.
Also there were no SL's placed on the remaining traders according to the screen shot. I really hesitate when I see no SL in place because that trade lacks one of the most important aspects of money management. With no SL, you could have easily been at -17% instead of +17%.
  • #96
  • Jun 15, 2009 8:01am Jun 15, 2009 8:01am
Took this long order @1.3864 at the first sign of indi bar changed to blue...seems a double-bottom on the monthly pivot. Will watch the prices get near the 200sma, but the tp is set at daily s1.
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  • #97
  • Edited 5:39pm Jun 15, 2009 9:28am | Edited 5:39pm
Stopped-out....-29

That's ok, it was only a demo. This trade wasn't exactly according to the rule!
  • #98
  • Jun 15, 2009 9:33am Jun 15, 2009 9:33am
Quoting candletrader
Stopped-out.

That's ok, it was only a demo. This trade wasn't exactly according to the rule!
I like the methodology of this system. Would caution that you need to be careful around the daily pivots, eur/usd is sitting on it right now whipsawing like there is no tomorrow

I have intraday fibonacci levels on my charts above and below the pivots. I will not enter a trade until one of these fibo levels is penetrated. 1.38263 is the fib just below the current pivot. its almost there now.

Upper fib bound around 1.3854

If you go back into time you will usually see consolodation and choppiness around the pivots
  • #99
  • Jun 15, 2009 11:08am Jun 15, 2009 11:08am
I have the EU consolidating around the daily S2/monthly pivot an hour ago & now consolidating around the weekly S1 .. the daily pivot is way higher.
Also on my EU charts fib levels are too far above price to be considered now.
I'm using the indicator given for these pivots ... is it wrong??


Quoting Blud4oilPrgm
I like the methodology of this system. Would caution that you need to be careful around the daily pivots, eur/usd is sitting on it right now whipsawing like there is no tomorrow

I have intraday fibonacci levels on my charts above and below the pivots. I will not enter a trade until one of these fibo levels is penetrated. 1.38263 is the fib just below the current pivot. its almost there now.

Upper fib bound around 1.3854

If you go back into time you will usually see consolodation and choppiness around the pivots
******************* I'd rather make money than be right.
  • #100
  • Jun 15, 2009 11:15am Jun 15, 2009 11:15am
I see a setting on my Fibo_Pivot_Lines indicator that says GMT shift .. but I don't know what number to use .. is it the difference between my local time and GMT? Or between the MT4 broker time and GMT? Neither one of these produces the fib value mentioned by Blud4oil .. they are all much higher.
******************* I'd rather make money than be right.
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