Psych Levels, Pivots, and Trendlines - Resurrected | Page 247 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #4,921
  • Mar 11, 2010 8:28am Mar 11, 2010 8:28am
Quoting ripcord
Hey guys,

Long time trader here, but new to forex and MT4. I'm trying to set up my pivot points to match Acumen's. I've installed the "FXI Pivots.ex4" file and it works, but it is calculating the pivots based on midnight on my broker's feed (which uses EST). It looks like Acumen calculates based on GMT? Any idea how I can match those calculations? Can someone post their pivot points for today so I can verify that mine are calculating correctly? Thanks!

rip
Which pair?
  • #4,922
  • Mar 11, 2010 8:29am Mar 11, 2010 8:29am
Quoting eyevoltage
Which pair?
Sorry, EURUSD.
  • #4,923
  • Edited 8:37am Mar 11, 2010 8:35am | Edited 8:37am
Quoting ripcord
Sorry, EURUSD.
EUR/USD

R3.....3844

R2.....3761

R1.....3709

PP.....3626

S1.....3574

S2.....3491

S3.....3439

I'm in England, by the way, and the mt4 platform these figures are from are GMT+2

Hope that helps.

Edit: Sorry, should have said I'm also using FXI
  • #4,924
  • Mar 11, 2010 8:39am Mar 11, 2010 8:39am
Quoting eyevoltage

I'm in England, by the way, and the mt4 platform these figures are from are GMT+2

Hope that helps.

Edit: Sorry, should have said I'm also using FXI
Thanks. Anyone know if it is possible to change the calculation time in the "FXI Pivots" indicator in MT4? I can't seem to find any option...
  • #4,925
  • Mar 11, 2010 8:53am Mar 11, 2010 8:53am
Quoting ripcord
Thanks. Anyone know if it is possible to change the calculation time in the "FXI Pivots" indicator in MT4? I can't seem to find any option...
That's because there isn't one, mate. You could try using MultiplePivotsV2, which I've attached below. That IS adjustable to any time zone you want, as far as I know.
Attached File(s)
File Type: mq4 MultiplePivotsV2.mq4   26 KB | 568 downloads
  • #4,926
  • Mar 11, 2010 9:43am Mar 11, 2010 9:43am
Quoting eyevoltage
That's because there isn't one, mate. You could try using MultiplePivotsV2, which I've attached below. That IS adjustable to any time zone you want, as far as I know.
Sweet, I'll give it a try. Thanks a lot!
  • #4,927
  • Mar 11, 2010 10:14am Mar 11, 2010 10:14am
Quoting ripcord
Sweet, I'll give it a try. Thanks a lot!
No problem. Good luck.
  • #4,928
  • Mar 11, 2010 10:49am Mar 11, 2010 10:49am
This is a great thread. EV i have a question. Do you always take trades with the trend or you do counter trend too?
thanks

ps still reading the thread.

Serj
Yea it's Life//
  • #4,929
  • Mar 11, 2010 11:44am Mar 11, 2010 11:44am
Quoting serj1
This is a great thread. EV i have a question. Do you always take trades with the trend or you do counter trend too?
thanks

ps still reading the thread.

Serj
Most of my trades are WITH the trend, and at times like that, I use two MA's and trade decent high-probability pull-backs. However, when price starts moving sideways and ranging, I then discard the MA's and look towards buying the dips and selling the peaks, assuming that price shows a good, high-probability candlestick reversal signal at the designated support and resistance lines.
Basically, that's the way I trade.
  • #4,930
  • Mar 12, 2010 2:36am Mar 12, 2010 2:36am
Itīs really nice to have time for trading in the morning...

Break of "50".
Entry after pullback,
exit at R1
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
Donīt live for working, but work for living.
  • #4,931
  • Mar 12, 2010 2:40am Mar 12, 2010 2:40am
Quoting matsf
Itīs really nice to have time for trading in the morning...

Break of "50".
Entry after pullback,
exit at R1
Good to see that you caught that move too.....its always nice to pirate a bucket full of pips by coffee time....
Trading Levels with WRBs
  • #4,932
  • Mar 12, 2010 2:51am Mar 12, 2010 2:51am
I was away and missed it. I got BE on EJ. It wasnt the best setup.

Quoting matsf
Itīs really nice to have time for trading in the morning...

Break of "50".
Entry after pullback,
exit at R1
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 17 KB
Yea it's Life//
  • #4,933
  • Mar 12, 2010 3:52am Mar 12, 2010 3:52am
Quoting serj1
I was away and missed it. I got BE on EJ. It wasnt the best setup.
Than why do You trade it? Wait for the best, it worth.
Just My two cents, PH
  • #4,934
  • Mar 12, 2010 3:56am Mar 12, 2010 3:56am
Quoting matsf
Itīs really nice to have time for trading in the morning...

Break of "50".
Entry after pullback,
exit at R1
Great trade, Matsf!

I made some comments on the chart (my entry was above the pinbar - have a look at the Jankone's thread at FF).
Attached Image (click to enlarge)
Click to Enlarge Name: GU_M5.png Size: 40 KB
One Chart is Worth Ten Thousand Words.
  • #4,935
  • Mar 12, 2010 4:06am Mar 12, 2010 4:06am
Thank you for your comments...
Iīll have a look at the Jankoneīs thread !!
Donīt live for working, but work for living.
  • #4,936
  • Mar 12, 2010 5:22am Mar 12, 2010 5:22am
Nice to see some more contributions. New faces as well as old.....all very welcome......keep 'em coming!
  • #4,937
  • Mar 12, 2010 8:37am Mar 12, 2010 8:37am
Hi guys,
I'm new to this thread but just want to say really enjoying gleaning from the wisdom here. I have been studying forex trading for about a year now, have demoed and am going to open a small micro account now. I would really like to post some trades here and start a journal but I'm having trouble uploading screen shots. I know how to save it from metatrader as a pic but then when I want to upload it I am asked for the URL? Any help would be great so I can join in the action.
Many thanks and God bless

P.S - EV like your avatar
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #4,938
  • Mar 12, 2010 10:58am Mar 12, 2010 10:58am
You are right I shouldnt of taken. NExt time I will look for better set up.
Does London open presents good trade opportunities like GU today?
Quoting Prof Hunter
Than why do You trade it? Wait for the best, it worth.
Just My two cents, PH
Yea it's Life//
  • #4,939
  • Mar 12, 2010 11:02am Mar 12, 2010 11:02am
Uploading images on forex factory: 1) click on post reply. 2) On "Thread Options" click "Manage Attachments". 3) Click on Browse to find your image on your PC. 4) Click on "Upload". 5)Finally, click on "Submit Reply".

Hope this helps.

Quoting jimmynoodles
Hi guys,
I'm new to this thread but just want to say really enjoying gleaning from the wisdom here. I have been studying forex trading for about a year now, have demoed and am going to open a small micro account now. I would really like to post some trades here and start a journal but I'm having trouble uploading screen shots. I know how to save it from metatrader as a pic but then when I want to upload it I am asked for the URL? Any help would be great so I can join in the action.
Many thanks and God bless

P.S - EV like your avatar
Yea it's Life//
  • #4,940
  • Edited 7:01am Mar 15, 2010 6:57am | Edited 7:01am
Two trades in quick succession to share with you. Both on 5m cable.

First rectangle shows a set of railroad tracks right on the xx50 psych-line....entry below the low of the second candle. Exit as shown.

Second rectangle shows a lovely doji which formed right on the xx25 psych-line....entry just above the high of the doji and exit as price hit the xx50 psych-line.

The second trade WAS a bit of a gamble, to be honest, as it was a CT trade. However, I thought it was worth a go purely because of the way price stopped at the xx25 line and showed a potential reversal signal. They don't always come off, but happily, this one did.
Attached Image
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