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Trading Price Pivots

  • #701
  • Sep 28, 2011 2:03pm Sep 28, 2011 2:03pm
agreed but at other times ... I'm busy today .... Send me a private message ... here I have already explained many times .
you put your email address
  • #702
  • Sep 29, 2011 4:46am Sep 29, 2011 4:46am
Sold AUDUSD

Weekly trend is down

Daily - nice pinbar forming PP at retrace of downtrend. Candle #3 has a lower wick so it's not perfect but I'm going with the big bear weekly candle for momentum.

H1 - Fib on D1 shows price bounce nicely off 61.8 fib, nice retrace. The PP hasn't quite formed so I'm a bit early on the entry, but all the rest of the signs are there.

I'm short at 0.9841
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart1.jpg Size: 119 KB
Click to Enlarge Name: chart2.jpg Size: 128 KB
Click to Enlarge Name: chart3.jpg Size: 164 KB
Luck occurs when preparation meets with opportunity.
  • #703
  • Sep 29, 2011 7:38am Sep 29, 2011 7:38am
Hoping that fib 61.8 holds!
Luck occurs when preparation meets with opportunity.
  • #704
  • Sep 29, 2011 10:12am Sep 29, 2011 10:12am
Quoting leelar
Do you mind sharing your way of trading this principle? Do it in Spanish, I will do my own translation.

if you don't mind, Thanks

For the record, I have all of your charts on my ipad to read, can't summarize the rules that you trade, I tried. So please help me out.
Please explain it here in English when you get it in Spanish, thank you.
Regards
  • #705
  • Sep 29, 2011 2:08pm Sep 29, 2011 2:08pm
I already told him

BUT STILL SAYING ALL THIS IN THE FIRST POST OF CHANTALB

The only thing different that I have added ...... IN D1

CANDLE 1 ... IS ONE CANDLE

CANDLE 2 ... IS ONE CANDLE

CANDLE 3 .... IS ONE CANDLE .... OR MORE (POST 676)

CANDLE 3--- closes above (BUY) OR BELOW (SELL) CANDLE 2

AFTER I go to M30 AND ENTERED WHEN THE PRICE AND TMA (or BB) ARE ABOVE OR BELOW THE EMA 100




AND NOTHING MORE
  • #706
  • Sep 29, 2011 4:36pm Sep 29, 2011 4:36pm
Here are six charts from yearly down to daily
First two yearly & quarterly
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU YR.jpg Size: 64 KB
Click to Enlarge Name: EU QTR PROPRE.jpg Size: 87 KB
  • #707
  • Sep 29, 2011 4:39pm Sep 29, 2011 4:39pm
QTR & MN with zones
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU QTR S&D.jpg Size: 112 KB
Click to Enlarge Name: EU MN S&D.jpg Size: 108 KB
  • #708
  • Sep 29, 2011 4:43pm Sep 29, 2011 4:43pm
weekly and daily
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU W S&D.jpg Size: 120 KB
Click to Enlarge Name: D S&D.jpg Size: 124 KB
  • #709
  • Sep 30, 2011 4:44am Sep 30, 2011 4:44am
Nice post. It helps to see the market more objectively.
Luck occurs when preparation meets with opportunity.
  • #710
  • Sep 30, 2011 4:56am Sep 30, 2011 4:56am
Thinking about your charts some more...

Right now price is in a downtrend on all TFs - not in any zones. Does this mean you would enter only a short trade on EU right now?

Or are you not entering, but instead waiting until it reaches a zone, and then breaks out toward a new zone?

I'm thinking that I would enter short trades, but no long trades. And be careful about TP targets, because we are approaching a Demand Zone where price could stall or reverse.
Luck occurs when preparation meets with opportunity.
  • #711
  • Sep 30, 2011 5:17am Sep 30, 2011 5:17am
Quoting porfirio
alien

I let the market that is me out .... your notes gbp-usd and eur-cad ... is the market that I've been told to leave because there is a configuration (triangle-chantalb) contrary ... I do not put TP

but to protect my position

So if when you see a yellow dot h4 I make a point of entry TSL

-----
STUDY STRATEGY AND YOU USE IT YOUR WAY

WHAT WORKS FOR YOU MAY NOT WORK FOR ME .. AND VICE VERSA
Hi Porfirio,

To understand your TSL strategy a bit better, on this previous EURJPY trade did you move your SL up after the 4hr TMA pivot on the 15th Sept, or did you take the full loss at the original SL position?
  • #712
  • Sep 30, 2011 8:25am Sep 30, 2011 8:25am
Quoting AlienFrog
Thinking about your charts some more...

Right now price is in a downtrend on all TFs - not in any zones. Does this mean you would enter only a short trade on EU right now?

Or are you not entering, but instead waiting until it reaches a zone, and then breaks out toward a new zone?

I'm thinking that I would enter short trades, but no long trades. And be careful about TP targets, because we are approaching a Demand Zone where price could stall or reverse.
Hi AF,
The reason why I posted all the above charts was to give everyone an overall picture. As I mentioned before in one of my posts, what is really important is to look at the bigger picture. If I wanted to give a short bias I would have shown a yearly chart starting from 2007 for example. But that would not be the whole story… We are at the end of the month and at the end of the 3rd quarter. How bearish does the overall CHART (not candle) look on bigger tfs? Have we broken any major lows so far? Look at the charts again; look at the whole thing starting all the way from the left starting with yearly chart…. We have already hit a major WDZ and price reacted to that. Now will we be able to bounce back up from here, we’ll see…. Will we breach this zone and print new lows, we’ll also find out. I am on the sidelines here on this pair waiting to see how price will digest this area. For me, price here is too cheap to sell, I’d rather wait to buy once the dust settles. We cannot predict the future; all we can do is prepare for it. We do that by being objective, reasonable and flexible through open eyes.
Below is another view of higher tfs…
Hope this helps…
Cheers,
CB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Range 05-08.jpg Size: 101 KB
Click to Enlarge Name: EU YEARLY FIBS.jpg Size: 138 KB
  • #713
  • Sep 30, 2011 10:08am Sep 30, 2011 10:08am
Here is also something I like to do. Those give me a rough image of a 5 year and 3 year candle chart.

I don't know why, but odd numbers have always worked better for me, and these two are those I use in most of my TA.

Good weekend to you all,
Chantal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 5 yr cycle.jpg Size: 75 KB
Click to Enlarge Name: EU 3 YR CYCLE.jpg Size: 79 KB
  • #714
  • Sep 30, 2011 5:30pm Sep 30, 2011 5:30pm
Quoting Chantalb
Hi AF,
The reason why I posted all the above charts was to give everyone an overall picture. As I mentioned before in one of my posts, what is really important is to look at the bigger picture.
Chantalb, thanks for the patient explanation. The pics with your notes really help! I feel like SUCH a noob! HAHA! (But I'm learning, with your help and several other here at FF.) Well, not really a noob anymore, but maybe a sophomore.

It seems so obvious once you see it laid out like that! I think it's because you are a good teacher, too. There are so few bars on a yearly chart that I never thought there was any trend, or anything else, to see! Now I can see it. It makes sense that each OHLC level on yearly must be a major level on a lower TF. Same for quarterly to monthly/weekly, etc.

I do remember you posted this at the beginning of the thread. Now I'm learning how to actually do it!

I need to practice this perspective.

Everyone have a nice weekend!
Luck occurs when preparation meets with opportunity.
  • #715
  • Oct 1, 2011 4:05am Oct 1, 2011 4:05am
if you move the sl, shandy

the tendendencia is your friend .... you should go with the trend ... your uses a sma or ema 100 or 200

I know I'm going against the trend I ... I never would in real ... I'm just practicing


h4 practiced with peers who are going to trend (post 690) ... because now there are none in d1


and it will not complicate your life
------

You stay with the teachings of chantalb
  • #716
  • Oct 1, 2011 4:30am Oct 1, 2011 4:30am
shandy if you go against the trend will die ... is pure logic
Attached Image (click to enlarge)
Click to Enlarge Name: e-j d1-.-.-.-.gif Size: 29 KB
  • #717
  • Oct 1, 2011 4:45am Oct 1, 2011 4:45am
must use the imagination, think!

that I have served my chantalb grand strategy? ... when I see a d1 configuration on I know I can go and make a lot pips in lower tf

if you only you just copy what you see .. you will lose


gbp-cad example .... there was a configuration in d1 ... I've gone to a simple sma 100 (BB100) in h4 and have entered

you have to create your strategies .. that works for you
Attached Image (click to enlarge)
Click to Enlarge Name: h4-bb.gif Size: 100 KB
  • #718
  • Oct 1, 2011 6:22am Oct 1, 2011 6:22am
Pivots are acting as a main device for trading nowadays as more and more guys trade with pivots ..But basically you cant trade with just pivots ..Use some kind of pivots and less risk and more reward to win this kind of trading
Institutional traders are nothing but eating retailers
  • #719
  • Oct 2, 2011 6:19pm Oct 2, 2011 6:19pm
AUDUSD

Closed my AU short for 134 pips. For me that is spectacular! Now price is retracing. Waiting for PP high signal and then sell again.

Monthly: Either broke a support TL or created a new low point. But big bearish candle looks good for bear. 0.9500 is montly SR so it may bounce.

Weekly: 5 bear weeks in a row. Went right through recent consolidation zone and is at bottom of that zone now. Last week was a big rejection bar, bearish outlook

Daily: Consolidation last 2 weeks. Retrace last week, high bounce around 8/7 low. Waiting for price to show the way this week.
Luck occurs when preparation meets with opportunity.
  • #720
  • Oct 6, 2011 4:51am Oct 6, 2011 4:51am
Hi Guys
Thanks Chantalb - great thread and system.
I noted PPs on the Aud/ Cad/ AudJpy and CadJpy that would have triggered today but didn't retrace enough for entry. I am however assuming that say in
the case of Aud where a good looking low test bounced off the 0.94 level (and infact the others also) that the overall trend would have gone against and therefore there was no trade?
Looking back at resistance and support these markets look to be at the extension of wide channels. In the case of the Cad strong resistance around 1.06 (top of channel) has a bottom around 0.94. The 200 ma is currently 0.9889.
Does this mean that we cannot short this market until it is beneath the 200 ma.
If so then the bulk of the channel move will be lost. Am I confusing the meaning of 'the trend' or is it really just above or below the 200 ma on the Daily chart.
Many thanks for any help.
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