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

  • #121
  • Jun 18, 2009 12:16pm Jun 18, 2009 12:16pm
Quoting nisha4x
hi guys

why so quiet, this thread is for all to post their setups and to share, its not my own thread, so comeon,

just posted some charts in Paulus thread, pls check them out, will start posting them here also soon

http://www.forexfactory.com/showpost...postcount=2407

http://www.forexfactory.com/showpost...postcount=2401

Hy !

I am watching Paulus thread and this thread and I am trying to find my way of trading.
I am interested in this thread couse I also sow that the price is bouncing from the pivot points and I am trying to understand how to use them so that I can make some profit
So I think that if you could post some charts with the entry point and exit I would be more than grateful.

Thx so much for the ideea !
  • #122
  • Jun 18, 2009 2:28pm Jun 18, 2009 2:28pm
I also have trouble in applying pivot points to the strategy. I have found many references to the calculation and placement of pps but not really how to use them.

The other problem I have is finding the entries. I can go back over my charts and see where the entry was but I never seem to see it at the precise moment a signal triggers. Has anyone found an alert to signal the correct entry point - the alerts I have occur too long after the event.
  • #123
  • Jun 18, 2009 3:09pm Jun 18, 2009 3:09pm
Hi nisha4x,

I've been using pivots for many years as an important part of our strategy. Your addition of TG's indicators is the first thing in a long time that promises to both increase the edge for a successful trade and get better entries as well. Thanks and keep up the good work.
  • #124
  • Jun 19, 2009 5:11am Jun 19, 2009 5:11am
My first experience with system - got wipsawed 2 times by eu dancing at daily pivot
Anyway, friday is not a good trading day imo, will continue testing next week, as a small contribution i post MACD_CCI indicator with alarm (i very appreciate work done by TG, but cant find source of HG_0001 that why i went with MACD_CCI), hope someone will find it usefull.
Attached File(s)
File Type: mq4 MACD_CCI_Alarm.mq4   2 KB | 960 downloads
  • #125
  • Jun 19, 2009 5:49am Jun 19, 2009 5:49am
Quoting jwpdad
I was having the same problem, I updated to the most current build 224 within my MT program and then it worked. If you have not done this, open your MT4 application, then click the start button on the "LiveUpdate" window. It should update to the current version and then restart the program. Then the indicator should work and not cause a crash.
Hi, Is this applicable to demo account. Dont seem to be able find the window you are refering to.
Help appreciated.
  • #126
  • Jun 19, 2009 6:04am Jun 19, 2009 6:04am
Quoting Horn
Hi, Is this applicable to demo account. Dont seem to be able find the window you are refering to.
Help appreciated.
Yes, applicable to demo, just find LiveUpdate.exe in your MT folder and start it.
  • #127
  • Jun 19, 2009 6:51am Jun 19, 2009 6:51am
Hi

Its a honor to have ur post on this thread. I appreciate if you can share ur experiences here and enrich us.

Thanks

Nisha
Quoting cactus
Hi nisha4x,

I've been using pivots for many years as an important part of our strategy. Your addition of TG's indicators is the first thing in a long time that promises to both increase the edge for a successful trade and get better entries as well. Thanks and keep up the good work.
Trend is your friend...
  • #128
  • Jun 19, 2009 7:11am Jun 19, 2009 7:11am
Quoting nisha4x
I opened this thread so that we can take conservative profits , using the HG001a indi and pivots points. The Pivot Points act as magnet points,so once price crosses a pivot point, the next stop is the next pivot point which can be like 50-60 pips on the majors to 100 pips on the GY pair, so as long as we can take out 50 pips per day using 2-3 pairs, that is more then enough .

Using good MM and risk strategy, you can grow ur capital by conservative 1-2% each day , and that is what anyone can give their eyeballs for such a growth .

Once you understand...

Nice system Nisha,

I agree with you on compounding your money, it`s the best way to get good returns.

Whats the best way to make £100
100 pips @ £1 per pip or 10 pips @£10 per pip?

Stick to a system that can get you 15-25 pips a day and compound your bets, been doing it for 3 years now

Gez.
Seek not to change the world; seek only to change your mind about the world
  • #129
  • Jun 19, 2009 7:41am Jun 19, 2009 7:41am
Quoting gez40
Nice system Nisha,

I agree with you on compounding your money, it`s the best way to get good returns.

Whats the best way to make £100
100 pips @ £1 per pip or 10 pips @£10 per pip?

Stick to a system that can get you 15-25 pips a day and compound your bets, been doing it for 3 years now

Gez.

hi gez,

would it possible to give us an example of what you mean by compound your bets
  • #130
  • Jun 19, 2009 8:09am Jun 19, 2009 8:09am
Quoting hutchy
hi gez,

would it possible to give us an example of what you mean by compound your bets
Sure, i started out trading @£1 per pip, kept at this for a couple of weeks to gain a bit of confidence in my system, once i got to the stage of taking regular pips (20-30) i doubled my stake to £2 per pip. So i was winning more money for the same amount of pips, after another couple of weeks i went up to £3 then £5 and so on, today i`m in at £30-£40 per pip and still aim for 20-30 pips a day.

Now of course i have losing trades, we all do, but with a nice tight stop of 10 pips i still do ok.

There are other ways of compounding your money but this way worked well for me, it does mean however that you will need to leave your winnings in your account to start with to cover your trades.

What i like about this method is that you dont have to try for the big winners with every trade, small consistent wins with compounding is more than enough to make money.

Best wishes
Gez.
Seek not to change the world; seek only to change your mind about the world
  • #131
  • Jun 19, 2009 9:01am Jun 19, 2009 9:01am
Quoting gez40
Sure, i started out trading @£1 per pip, kept at this for a couple of weeks to gain a bit of confidence in my system, once i got to the stage of taking regular pips (20-30) i doubled my stake to £2 per pip. So i was winning more money for the same amount of pips, after another couple of weeks i went up to £3 then £5 and so on, today i`m in at £30-£40 per pip and still aim for 20-30 pips a day.

Now of course i have losing trades, we all do, but with a nice tight stop of 10 pips i still do ok.

There are other ways of compounding your money but...

gez,

as i am still new to fx trading i have been advised by so many traders that the longer trades are more profitable. although there may be truth to this, i feel that there is alot more technical analysis required and it takes alot longer.

now that i have come across this strategy, i have changed my way of trading as of today. after having finished reading this entire thread last night i started trading this strategy today on demo and have made good pips today.

your valuable advice makes alot of sense and i will be sure to implement it once i am making more consistent trades.

A BIG THANK YOU AGAIN TO PAULUS & TUDOR GIRL FOR SHARING YOUR STRATEGY WITH US AND TO ALL THE OTHER MEMBERS WHO HAVE BEEN GOOD ENOUGH TO ANSWER ANY QUETSIONS I MAY HAVE HAD.

  • #132
  • Jun 19, 2009 9:26am Jun 19, 2009 9:26am
Quoting hutchy
gez,

as i am still new to fx trading i have been advised by so many traders that the longer trades are more profitable. although there may be truth to this, i feel that there is alot more technical analysis required and it takes alot longer.

now that i have come across this strategy, i have changed my way of trading as of today. after having finished reading this entire thread last night i started trading this strategy today on demo and have made good pips today.

your valuable advice makes alot of sense and i will be sure to implement it once...
Hutchy

Glad it makes sense to you to compound rather than try and chase lots of pips, just make sure you have your strategy in place and do not start to compound until you are regularly making 20 pips a day.

20 pips @£10=£200
200 pips @£1=£200 =same result but one is easier

Gez
Seek not to change the world; seek only to change your mind about the world
  • #133
  • Jun 19, 2009 1:39pm Jun 19, 2009 1:39pm
Quoting gez40
Hutchy

Glad it makes sense to you to compound rather than try and chase lots of pips, just make sure you have your strategy in place and do not start to compound until you are regularly making 20 pips a day.

20 pips @£10=£200
200 pips @£1=£200 =same result but one is easier

Gez
Hi Gez

Thanks for your input. I am very attracted to Edge's scheme of taking say 50 pips a day in small scalps of 10 pips a time and then stopping. That way one can have a life outside trading!

Your philosophy of compounding makes perfect sense. One can grow the account by a fixed % irrespective of size just by increasing the lots.

Thanks a lot!

Anne
  • #134
  • Jun 19, 2009 3:09pm Jun 19, 2009 3:09pm
Quoting gez40
Nice system Nisha,

I agree with you on compounding your money, it`s the best way to get good returns.

Whats the best way to make £100
100 pips @ £1 per pip or 10 pips @£10 per pip?

Stick to a system that can get you 15-25 pips a day and compound your bets, been doing it for 3 years now

Gez.
so you're a millionaire then?
  • #135
  • Jun 19, 2009 11:52pm Jun 19, 2009 11:52pm
Quoting noskool319
so you're a millionaire then?

...nearly
Seek not to change the world; seek only to change your mind about the world
  • #136
  • Jun 20, 2009 1:23am Jun 20, 2009 1:23am
Quoting gez40
Hutchy

Glad it makes sense to you to compound rather than try and chase lots of pips, just make sure you have your strategy in place and do not start to compound until you are regularly making 20 pips a day.

20 pips @£10=£200
200 pips @£1=£200 =same result but one is easier

Gez
Thanks Gez.

Regards
Pardy
  • #137
  • Jun 20, 2009 8:35am Jun 20, 2009 8:35am
Nisha (or anyone):

Where do I find the pivot point indicator?

Thanks.

Mary
  • #138
  • Jun 20, 2009 8:46am Jun 20, 2009 8:46am
Quoting mary4x
Nisha (or anyone):

Where do I find the pivot point indicator?

Thanks.

Mary

Gez.
Attached File(s)
File Type: mq4 ###Auto Pivot2.mq4   16 KB | 651 downloads
Seek not to change the world; seek only to change your mind about the world
  • #139
  • Jun 20, 2009 10:07am Jun 20, 2009 10:07am
Thanks, Gez!

Mary
  • #140
  • Jun 20, 2009 11:03am Jun 20, 2009 11:03am
Thank you Nisha4x for starting this thread, and Tudor Girl for the Indicator - great work. Pivot Points rule - OK! Will test and respond. Fib levels are an added source of support /resistance to track together with Pivot levels, will see if this helps trading this indicator.

Best of good fortune to all

Andy
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