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Trading Price Pivots

  • #561
  • Sep 3, 2011 12:57pm Sep 3, 2011 12:57pm
Quoting Chantalb
@Bongabonga... When a pattern like that appears I usually skip it cause price tends to stay stuck in the range of that candle for a while without a clear direction. It also implies most of the time a continuation of the previous trend.

That's what I ended up doing. I've only been taking trades with the daily trend.
  • #562
  • Sep 5, 2011 2:32am Sep 5, 2011 2:32am
TSL
Attached Image (click to enlarge)
Click to Enlarge Name: tsl e-c.gif Size: 29 KB
  • #563
  • Sep 5, 2011 1:16pm Sep 5, 2011 1:16pm
Hi chantalb,

Thank you for this eye opening method, will start working on it. Hope you don't mind in case I may have some questions

Thanks,
Lili
  • #564
  • Sep 5, 2011 1:37pm Sep 5, 2011 1:37pm
Quoting porfirio
TSL
Very nice trades you have taken so far
I hope you dont mind me asking about the indicators you have in your charts. I can see one is an ma, a cci and some sort of channel. Could you please post them and explain how they compliment this strategy? I am especially interested in the channel you use... I am really sorry I sure dont mean to bug you and I will understand if you find my inquiry senseless...
But thanks anyway
Lili
  • #565
  • Sep 5, 2011 2:51pm Sep 5, 2011 2:51pm
Hi lili ... thanks

morning at 8.00 am I'll put the template ... from another computer that I use at night will not let me attach indicators
  • #566
  • Sep 6, 2011 2:29am Sep 6, 2011 2:29am
HI LILI... FOR YOU

TMA CHANNEL ..I changed the default configuration because WORKS FOR ME

* D1 LOOKING TRIANGLES IN POINTS YELLOW (Overbought-oversold)

* M30 LOOKING AT THE ENTRY ... TO BUY ==> CHANNEL TMA UP AND PRICE> EMA 100

(SELL; OTHERWISE).... LOOK POST 556


IF YOU WANT TO ENSURE ENTRY (+ CONSERVATIVE) ... FIND YOUR ENTRY IN ADDRESS EMA100 D1

Sorry for my ENGLISH
Attached File(s)
File Type: mq4 TriangularMA centered abands alerts 2.mq4   9 KB | 538 downloads
File Type: tpl aaa.tpl   14 KB | 441 downloads
  • #567
  • Sep 6, 2011 2:51am Sep 6, 2011 2:51am
Quoting porfirio
I'm glad to see you Chantalb ... you do not get discouraged because the strategy is very good... the best
Hey buddy,

It is fine, no worries, we win some and we lose some LOL... hope you are well and best wishes on your trades
  • #568
  • Sep 6, 2011 2:53am Sep 6, 2011 2:53am
Quoting LiLi70
Hi chantalb,

Thank you for this eye opening method, will start working on it. Hope you don't mind in case I may have some questions

Thanks,
Lili
Hi Lili,

You are welcome, ask away
  • #569
  • Sep 6, 2011 1:45pm Sep 6, 2011 1:45pm
a-c...d1-m30
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: a-ca.-m30.gif Size: 36 KB
  • #570
  • Sep 7, 2011 12:59am Sep 7, 2011 12:59am
Quoting porfirio
HI LILI... FOR YOU

TMA CHANNEL ..I changed the default configuration because WORKS FOR ME

* D1 LOOKING TRIANGLES IN POINTS YELLOW (Overbought-oversold)

* M30 LOOKING AT THE ENTRY ... TO BUY ==> CHANNEL TMA UP AND PRICE> EMA 100

(SELL; OTHERWISE).... LOOK POST 556


IF YOU WANT TO ENSURE ENTRY (+ CONSERVATIVE) ... FIND YOUR ENTRY IN ADDRESS EMA100 D1

Sorry for my ENGLISH
Thank you for the indicator/temp. You are very kind. So if I understand this you trade chantalb system in conjuction with the TMA, taking D1 price pivots on the top of the channel for short and in the bottom for longs. Do you ever take entries without any PPs? Do you take entries if price is somewhere in the middle of TMA? This is a very good filter because I have noticed with TMA some losing trades can be avoided if we stick to the top/bottom of TMA. How does the CCI affect your decision making? Sorry for all the questions, I am only trying to figure things out.
Please state any rules that you follow.
Thank you for your patience, and your english is perfect
Lili
  • #571
  • Sep 7, 2011 1:06am Sep 7, 2011 1:06am
Quoting Chantalb
Hi Lili,

You are welcome, ask away
Chantalb I have been reading this thread over and over. I really want to thank you for sharing your knowledge. I hope you don't mind that I have asked Porfirio for his indicators and how he trades this system. I really think this is one of the best trading methods I have ever come accross, and as you stated in the beggining, let's work together to make it better.
All the best,
Lili
  • #572
  • Edited 11:30am Sep 7, 2011 10:59am | Edited 11:30am
Quoting porfirio
a-c...d1-m30
One of my trades on AUDCAD is close to your entry.
Last month I got stopped often on many trades because I was getting caught in the whipsaw just before price went in my initial direction. So this time around I decided to place my stops not at the high of the PP + 10 but above the main supply zone +10. In the case of AUDCAD the D1 supply is between 1.05553 & 1.05072 ===> SL=1.05655
Had I placed it at the high of the pp (September 2nd) +10 I would have been stopped out today. If I only had done the same for GU and EU trades (August 19th)!!! The learning is continuous in this business
Hope you are still in the trade,

CB

Edit: here is a chart for better understanding
Attached Image (click to enlarge)
Click to Enlarge Name: audcad d1 supply sl.gif Size: 36 KB
  • #573
  • Sep 7, 2011 11:05am Sep 7, 2011 11:05am
Quoting LiLi70
Chantalb I have been reading this thread over and over. I really want to thank you for sharing your knowledge. I hope you don't mind that I have asked Porfirio for his indicators and how he trades this system. I really think this is one of the best trading methods I have ever come accross, and as you stated in the beggining, let's work together to make it better.
All the best,
Lili
Hi Lili,

I am glad you like it. Why would I mind, we are here to help each other out by keeping an open mind and sharing. Have you traded it yet?
Let me know, and post some charts this way Porfirio and I can help out.

Cheers,
CB
  • #574
  • Sep 7, 2011 1:29pm Sep 7, 2011 1:29pm
What I am seeing on this chart is an ending diagonal. An ending diagonal or also known as compression very often ends in six moves. Let's see if price has moved high enough to find the supply needed to trigger this fall.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad h1 compression.gif Size: 31 KB
  • #575
  • Sep 7, 2011 4:10pm Sep 7, 2011 4:10pm
Let's see how she fares.... I would really like to see a much less bullish close on the day...
Attached Image (click to enlarge)
Click to Enlarge Name: audcad h1 compression breaks.gif Size: 36 KB
  • #576
  • Sep 7, 2011 4:45pm Sep 7, 2011 4:45pm
Fisrt chart: Broker that starts the day at 00:00 EST
Attached Image (click to enlarge)
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  • #577
  • Sep 7, 2011 4:58pm Sep 7, 2011 4:58pm
hi lili

I go to the ends of lines tma (yellow dots) ... that's where I find the figure

cci 14 in D1 ... ¨ must be out +100 and -100 ... also observed differences

My premise is to minimize losses and maximize profits ... For example I just lost just 86 pips aus-cad is very little compracion intend to reward ... reenter in a few days, looking for the big wave

for example, currently takes 500 pips gbp-usd and eur-cad 355 pips .... if you look at the post 552 the ratio is 3 or 4 to 1 (3 or 4: 1) or more
  • #578
  • Sep 7, 2011 5:47pm Sep 7, 2011 5:47pm
Brokers that start at 5pm EST and 00:00 GMT respectively...

Not very encouraging views especially that officially the day closed very strongly with NY at 5pm EST...
We'll see...

Good night, exhausted here...

CB

Edit: The second chart was incomplete, couldn't re-upload it without deleting the whole thing first...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EST1.JPG Size: 122 KB
Click to Enlarge Name: GMT1.JPG Size: 91 KB
  • #579
  • Sep 7, 2011 6:02pm Sep 7, 2011 6:02pm
hello chantalb

I am not in aus-cad ... touch my sl ... I prefer to take a small loss compared to the potential reward and then re-enter to get a big win if they do not go to the first ... I usually get it first but sometimes not so ... lp in this way the balance will always be time for me
  • #580
  • Sep 7, 2011 6:51pm Sep 7, 2011 6:51pm
Hi, Chantalb.

Just found your thread and it's very interesting. I followed nomask's thread for a while and I liked the concept a lot. I like this even more, thank you for sharing your knowledge!

I haven't read the whole thread yet but I'm going to give this a try. Charts of EURJPY daily and hourly. The daily looks like it's forming a price pivot, per your description. So I put my fib on and dropped to H1.

We're still in the confirmation candle. When the new candle begins at midnight we're looking for a fractal low/price pivot, then enter on the next candle, SL at previous low fractal.

Have I got it?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: chart2.jpg Size: 169 KB
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