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Spider's Den

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Quoting realjumper
Me either.....it's gambling.....will the 'gap' close or not?......yes or no?......heads or tails?........That's gambling, not trading imo
each gap closes at some point.....statistical ....

anyway i dont trade them neither....bs
Hero calls followed by margin calls...
Quoting realjumper
Nothing custom about this setup, it's just standard MT4 stuff. Rather than explain how I did it......how about I just attach my template for you. If you really, really want to know how I got both the RSI and MA in the same window, send me a PM

RJ
Thanks!
Hi Guys

congrats on the new thread, have been on the other Eur/usd site and found to much clutter, this seems the way to go!!

Good luck

Eamonn
Quoting T@rantula
Attachment
And watch that seamless range shift on RSI 80>40,60>20
Quoting Eamonn
Hi Guys

congrats on the new thread, have been on the other Eur/usd site and found to much clutter, this seems the way to go!!

Good luck

Eamonn
Thanx!
Quoting T@rantula
4115 seems to be a good support. A probable target, may not be today but it looks as if EU goes to test it. A clear break opens way to 3970.

Retest > continuation in play.

4150 needs to be broken

Attachment
PA is respecting technicals.
Quoting T@rantula
And watch that seamless range shift on RSI 80>40,60>20
Hi T,

Do you use RSI 14 on the 1Hr I may be able to include this with RJ Daily Pivot idea for better odds of success.
Money grows on the tree of persistence
Quoting ozmacca
Hi T,

Do you use RSI 14 on the 1Hr I may be able to include this with RJ Daily Pivot idea for better odds of success.
Yes. RSI 14, but thats another strategy. If u use it with RJ template, use it as RJ suggested.

I use RSI for spotting divergences and reversals.
Quoting ozmacca
Hi T,

Do you use RSI 14 on the 1Hr I may be able to include this with RJ Daily Pivot idea for better odds of success.
Did you take todays EU pivot trade?
Doing what you like is Freedom. Liking what you do is Happiness.
nice to find yur thread bud..i look for forward to reading it..
Quoting nAVIN2007
nice to find yur thread bud..i look for forward to reading it..
Welcome mate. Feel free to post charts and reasoning behind ur trades. Nevermind if u are wrong or right.
Quoting realjumper
Did you take todays EU pivot trade?
No, my EU DP was 4279 so no where near it, I had S1 at 4190. Could you give me your values for DP and S1 for today please, my pivot indicator is adjustable for start times so I will experiment with it to align with yours.
Money grows on the tree of persistence
Quoting ozmacca
No, my EU DP was 4279 so no where near it, I had S1 at 4190. Could you give me your values for DP and S1 for today please, my pivot indicator is adjustable for start times so I will experiment with it to align with yours.
My DP is 4277 and S1 at 4185 so we are withing cooee!!

You may have misunderstood what I meant by a 'test of the DP' in my PM to you, and others. Give me a moment and I'll take a shot of todays Pivot trade and explain it. I'll post it here if that's ok T? There's a few people asked about this method so if I post it here they will all see the same thing.
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting T@rantula
Welcome mate. Feel free to post charts and reasoning behind ur trades. Nevermind if u are wrong or right.
thanks bro!!..will do
Quoting T@rantula
And watch that seamless range shift on RSI 80>40,60>20
I thought we had been in a downtrend for a few days, my RSI has not been above 60 for a while.
Money grows on the tree of persistence
Quoting ozmacca
No, my EU DP was 4279 so no where near it, I had S1 at 4190. Could you give me your values for DP and S1 for today please, my pivot indicator is adjustable for start times so I will experiment with it to align with yours.
Ok....Today was not the easiest of days to trade using this method for two reasons...1, it's Monday......2, the PA opened midway between DP and S1, and it was quite a distance to either of those. It's still very trade-able, but it's not a great way to begin learning this system.

Look at the chart.

1. With hindsight, this would have been a good entry, especially when we see the stochastic so high. However, that was quite a weekend 'gap' we can see so I was content to wait and see what happens.

2. PA tested S1....hmmmm....interesting...it looks like the PA wants to go down and the stochastic is positioned midway, so we may miss out on a trade here.

3. The stochastic has reached it's highest point so far today and the PA just refuses to go any higher. For me, that's a test of the DP. Yes, it didn't get near the pivot, but it is still a valid test and I'm prepared to rish a 20 pip SL for a 70 pip gain.

4. Because the PA has crawled down to S2, I will (and did) take my profit 5 pips short of S2. If the PA had rushed down to S2 and blasted right through I would have moved my SL to +50 and targeted S3.

I must say though, that this was not an easy trade for this system today, unless you have been doing it for a while.

If you sat this trade out, good for you. There will be another chance tomorrow. Keeping your money in your pocket is a great position!!

I'll try and post live trade tomorrow and give you guys a hand.
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Doing what you like is Freedom. Liking what you do is Happiness.
We just had a test of a maroon trend line on my chart with close celow trend line, and another close below lower trend line of a symetric triangle.

Guess there is more beraishness ahead of us.

Seb
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Hi RJ,

Thanks for posting that, I waited until Tokyo opened, by then the Stoch was down the bottom so I let it go.

Out of curiosity I turned on the mid points of my Pivot indo and MP S1 was 5 pips above the Tokyo opening bar High but by then the Stoch was 22 so no trade.

I had to go out so wasn't watching when you entered but I doubt I would have worked out that entry.

Early days RJ, I have got myself from a losing trader to a break even trader but I am finding the pivots are vastly under rated so have been doing better since relying more on them for SR.

My reaction when you posted your simple but strong method was Aha !! it suits my mentality and time frame, I will have to trade it mainly around Euro opening times but looking back over charts there are plenty of bounces off pivots that look encouraging.

Work in progress, no hurry
Money grows on the tree of persistence
Quoting ozmacca
Hi RJ,

Thanks for posting that, I waited until Tokyo opened, by then the Stoch was down the bottom so I let it go.

Out of curiosity I turned on the mid points of my Pivot indo and MP S1 was 5 pips above the Tokyo opening bar High but by then the Stoch was 22 so no trade.

I had to go out so wasn't watching when you entered but I doubt I would have worked out that entry.

Early days RJ, I have got myself from a losing trader to a break even trader but I am finding the pivots are vastly under rated so have been doing better since relying more on...
You're welcome. Things will become clearer as we progress......today wasn't a textbook day on any of the pairs that I trade. That's often the case after a large movement the (trading) day before, such as NFP.

We'll see some great opportunities though....they happen all the time
Doing what you like is Freedom. Liking what you do is Happiness.
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