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Trading Price Pivots

  • #401
  • Jun 29, 2011 7:00am Jun 29, 2011 7:00am
Quoting Chantalb
Hey thanks, dots are 3 candle PPs and arrows are entries?
Hi Chantal,

you're right, dots are PP (3 candle formation), when you enable arrows in indy's properties - it shows you next entry candle, but according your rules you need to draw fibo and look for entries on 1H chart to have PP there.
Also that indy is coded w/ specific conditions regarding PP (3 candle formation) - more details about formations you can find here: http://www.forexfactory.com/showthread.php?t=251378

Cheers,
  • #402
  • Jun 29, 2011 7:01am Jun 29, 2011 7:01am
Quoting il brigante
Yes, I also think that was a good indication.

IB
Why not also consider the break of the 0 +(long) or -(short) a few pips?

I came so close to getting stopped on EU... I can honestly say I am sweating here! I should find a way for a smaller stop that would also give the trade some room. Any suggestions guys?
  • #403
  • Jun 29, 2011 7:02am Jun 29, 2011 7:02am
Quoting kapybara
Hi Chantal,

you're right, dots are PP (3 candle formation), when you enable arrows in indy's properties - it shows you next entry candle, but according your rules you need to draw fibo and look for entries on 1H chart to have PP there.
Also that indy is coded w/ specific conditions regarding PP (3 candle formation) - more details about formations you can find here: http://www.forexfactory.com/showthread.php?t=251378

Cheers,
Hey thanks again
  • #404
  • Jun 29, 2011 7:15am Jun 29, 2011 7:15am
Quoting il brigante

BRIGANTE REVERSAL (BRL and BRH)
Brigante Reversals are well explained with candlestick charts. A Brigante Reversal Low (BRL) is explained with three candles pattern, a new low, a lower low and a higher high of CLOSE. But in many cases it is formed in 5-6 candles, but the internal candles should be mostrly inside-candles suggesting indecision. A Brignate Reversal is ONLY valid if it bounces from a key support/resistance level.

IB
Hey IB, would you be kind enough to show us some zoomed in charts of what you mean... Thank you
  • #405
  • Jun 29, 2011 7:27am Jun 29, 2011 7:27am
Here is a trailing stop indicator based on ATR - not as good as your drawing, Chantal, but it does a similar thing
Attached File(s)
File Type: mq4 ATRStops_v1.1.mq4   3 KB | 419 downloads
Loss of opportunity is preferable to loss of capital
  • #406
  • Jun 29, 2011 7:44am Jun 29, 2011 7:44am
Quoting Chantalb
Hey IB, would you be kind enough to show us some zoomed in charts of what you mean... Thank you
Sure. Look at the arrows.

IB
Attached Image (click to enlarge)
Click to Enlarge Name: BR.jpg Size: 145 KB
  • #407
  • Jun 29, 2011 7:47am Jun 29, 2011 7:47am
Quoting il brigante
Sure. Look at the arrows.

IB
Once is formed place a buy/sell stop order 5 pips above/below the high/low of last candle. If triggered you are in.

IB
  • #408
  • Jun 29, 2011 8:07am Jun 29, 2011 8:07am
Chantal B

This is the pattern that you used to get in eurusd if I am not mistaken.

Previous to your entry you had a BRL indicating long.

IB
Attached Image
  • #409
  • Edited 11:06am Jun 29, 2011 8:27am | Edited 11:06am
Quoting il brigante
Chantal B

This is the pattern that you used to get in eurusd if I am not mistaken.

Previous to your entry you had a BRL indicating long.

IB
Hmmm I understand it better now, thank you... IB in the previous chart is the third arrow on the chart correct? I see it pointing to the red candle...
In your BRs do you take into consideration wicks or just bodies?
For instance looking at the 1hr (12gmt) candle made on EU (when the Greek vote took place), does it qualify per your setup? What about EU monday engulfing candle on Daily?
Thanks
  • #410
  • Jun 29, 2011 4:40pm Jun 29, 2011 4:40pm
[quote=Chantalb;4736814][color=black][font=Verdana]Hmmm I understand it better now, thank you... IB in the previous chart is the third arrow on the chart correct?
YES IS CORRECT: NEW LOW, LOWER LOW AND HIGHER HIGH ON CLOSE

I see it pointing to the red candle...
]In your BRs do you take into consideration wicks or just bodies?
JUST BODIES (ON CLOSE)

For instance looking at the 1hr (12gmt) candle made on EU (when the Greek vote took place), does it qualify per your setup?
IT DOES, BUT ONLY ONCE THE 15.00 GMT CANDLE IS FORMED: SEE PIC

What about EU monday engulfing candle on Daily?
YES IT DOES

IB
Attached Image (click to enlarge)
Click to Enlarge Name: chantal.jpg Size: 131 KB
  • #411
  • Jun 29, 2011 4:56pm Jun 29, 2011 4:56pm
nzdchf: SL moved to 0.6827, 67 pips locked in.

Now I have decided not to post anymore entries that not conform to Chantalb
method because it seems that it creates a bit of confusion. Maybe at a later stage....

All The Best
Il Brigante
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf.jpg Size: 104 KB
  • #412
  • Jun 30, 2011 3:01am Jun 30, 2011 3:01am
Quoting Minka
Here is a trailing stop indicator based on ATR - not as good as your drawing, Chantal, but it does a similar thing
Hey Minka,

Thank you for sharing I will take a look at it
  • #413
  • Jun 30, 2011 3:04am Jun 30, 2011 3:04am
[quote=il brigante;4738144]
Quoting Chantalb
[color=black][font=Verdana]Hmmm I understand it better now, thank you... IB in the previous chart is the third arrow on the chart correct?
YES IS CORRECT: NEW LOW, LOWER LOW AND HIGHER HIGH ON CLOSE

I see it pointing to the red candle...
]In your BRs do you take into consideration wicks or just bodies?
JUST BODIES (ON CLOSE)

For instance looking at the 1hr (12gmt) candle made on EU (when the Greek vote took place), does it qualify per your setup?
IT DOES, BUT ONLY ONCE THE 15.00 GMT CANDLE IS FORMED: SEE PIC

What about...
Thank you IB, that was very helpful
  • #414
  • Jun 30, 2011 5:55am Jun 30, 2011 5:55am
...will she or won't she?...my last attempt at building a short position targeting 4000 - 3900. 1st chart 4hr close below 4500, 2nd chart 5min entry around that level. Stops way above 4700 atm.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU3006114hra.GIF Size: 197 KB
Click to Enlarge Name: EU3006115MEntry.GIF Size: 184 KB
  • #415
  • Jun 30, 2011 8:12am Jun 30, 2011 8:12am
Closed out all of my June open positions when EU hit 1.44506
Grand Total June = +541.5 Pips
Took a beating on EU this week. I should have closed all EU shorts and took profit after Monday’s bullish engulfing…
I’m going on vacation as of tonight for ten days… I’ll be back on the 11th of July… See you then
Best Wishes to Everyone,
Chantal
  • #416
  • Jun 30, 2011 8:28am Jun 30, 2011 8:28am
Grand Total June = +541.5 Pips

Enjoy your holiday and leave the laptop and Forex at home, we will here when you come back and the best of all is - ENJOY IT

John from a cold Durban, South Africa
  • #417
  • Jun 30, 2011 4:29pm Jun 30, 2011 4:29pm
nzdchf: locked in 125 pips

IB
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf.jpg Size: 101 KB
  • #418
  • Jun 30, 2011 6:29pm Jun 30, 2011 6:29pm
Have a wonderful vacation, Chantal
Loss of opportunity is preferable to loss of capital
  • #419
  • Jun 30, 2011 7:12pm Jun 30, 2011 7:12pm
Quoting Chantalb
Closed out all of my June open positions when EU hit 1.44506
Grand Total June = +541.5 Pips
Took a beating on EU this week. I should have closed all EU shorts and took profit after Monday’s bullish engulfing…
I’m going on vacation as of tonight for ten days… I’ll be back on the 11th of July… See you then
Best Wishes to Everyone,
Chantal
Buona vacanza.

All The Best
Il Brigante
  • #420
  • Jun 30, 2011 8:35pm Jun 30, 2011 8:35pm
I got out of nzdchf: +184 pips.

IB
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