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Pivot Point with Money Management Strategy

  • #441
  • Oct 16, 2007 3:37am Oct 16, 2007 3:37am
Dear Edonya,

Just right click in the Stochastic, then add study...than click MA..
Easy...

Quoting Edonya
Thanks Olaha for a great system.
I am new to forex and i am still on demo.
I could like to know how i can draw the MA in the window of Stochastics(i am using Oanda platform).

I will be grateful for your help.
  • #442
  • Oct 16, 2007 5:01am Oct 16, 2007 5:01am
Hi
Thank you for your reply.
I'll try to demo this system,and if i have any question i wont hestate to ask you.
Is it that people are losing hope on the system or they have exhausted the ideas on this system?
Lots of pips is my wish to everybody.
  • #443
  • Edited 4:01am Oct 26, 2007 3:42am | Edited 4:01am
I am sorry..disappear for a long time.
I just came back from planet Mars.. hehe...
I find a good charting system that can help to trade successfully.
I think...some of you knew about wave59. (www.wave59.com).
This system is just wonderful but just need time to be master of the system.
Too advance... so we need time to study properly.

Please give some feedback/share about the Wave59 system if anyone of you already using it.

Thank you.

Regards,
Betty
  • #444
  • Oct 26, 2007 3:57am Oct 26, 2007 3:57am
At the same time...when I was at Mars.. I realise...something interesting in the Pivot point system...

I think..some of you don't know that Pivot Point has a few types of calculation formula. There are; PP Clasic, PP Woodie's, PP Camarilla, and PP DeMark's.

I find that PP Camarilla one of the tools that help on target projection.

Who's interested to experimenting and adventuring... have a look at this website;..
http://www.earnforex.com/pivot_points_calculator.php

Good Luck!
  • #445
  • Oct 26, 2007 8:01am Oct 26, 2007 8:01am
The PP that I want to share with you all is look like this:
Attached Image (click to enlarge)
Click to Enlarge Name: PP Daily.jpg Size: 214 KB
  • #446
  • Oct 26, 2007 8:08am Oct 26, 2007 8:08am
Look at current trend for EUR/USD..
Compare at the PP level for Camarilla.
I think the price at the level of R4,
and the DeMark's show that level was the higher.

I hope this may help you to start with.

Good Luck..
  • #447
  • Oct 26, 2007 8:32am Oct 26, 2007 8:32am
Look for the GBP/USD..

Look good isn't it..
Attached Image (click to enlarge)
Click to Enlarge Name: PP@GBP:USD.jpg Size: 215 KB
  • #448
  • Oct 26, 2007 8:44am Oct 26, 2007 8:44am
This USD/CAD also look good..
Attached Image (click to enlarge)
Click to Enlarge Name: PP@USD:CAD.jpg Size: 214 KB
  • #449
  • Oct 26, 2007 9:43am Oct 26, 2007 9:43am
For those who confuse taking HLC price,
you can use HLC price from AF.
For the Current Open Price,
look for at 6pm EST at current Day.

To calculate PP level for HLC.. we use previous day,
for open price.. we use on the current day.

I hope you all understand this.

Wish you all the best..
Attached Image
  • #450
  • Nov 21, 2007 11:39pm Nov 21, 2007 11:39pm
I just went through the Metatrader system.
Seems like a lot of them using Pivot in the system.
I believe those who knows using the Meta4 and apply the system that I shared will doing better. The system can give alert. I hope someone that expert in this area can share some of the signal.

Thank you.
  • #451
  • Dec 13, 2007 7:18pm Dec 13, 2007 7:18pm
Quoting Olaha
I just went through the Metatrader system.
Seems like a lot of them using Pivot in the system.
I believe those who knows using the Meta4 and apply the system that I shared will doing better. The system can give alert. I hope someone that expert in this area can share some of the signal.

Thank you.
ok looks great sysytem in trading with the trend...but i dont understand your entry rules? please xplain entry better.... for example gpb/jpy

PeriodHLCS3S2S1PR1R2R3Last UpdatedDaily229.69227.45229.07225.55226.50227.79228.74230.02230.97232.2601:10 GMT4 Hours229.23228.35229.07227.66228.00228.54228.88229.42229.76230.3001:10 GMTHourly229.84229.35229.67228.90229.12229.40229.62229.89230.11230.3801:10 GMT
current price at 8:18 pm est is 229.93? SO WHEN WHAT PRICE DO U ENTER?
  • #452
  • Mar 24, 2008 10:44pm Mar 24, 2008 10:44pm
Hi Dagoods, Sorry... take a long time to reply... I've been away from this forum for a such long time. Anywhere.. about the system that I suggested. The rules as follow; For Buy: 1). For Bullish trend - The price must be above daily and 1 hr Pivot Point. 2). When 1 hr pivot point move upward to a new level, move higher than the previous pivot hour, this is good signal entry for buy. 3). For confirmation entry, we have to get the second candle confirmation as a bullish candle or wait for new Retracement at above new pivot point. 4). All setting is in 15 minutes chart. For Sell: (Just reverse the Buy signal) For target level- we can use R1,R2,R3 or according to our own money management. Hope this will help you to understand. I try to make it simple as possible.
Quoting dagoods
ok looks great sysytem in trading with the trend...but i dont understand your entry rules? please xplain entry better.... for example gpb/jpy

PeriodHLCS3S2S1PR1R2R3Last UpdatedDaily229.69227.45229.07225.55226.50227.79228.74230.02230.97232.2601:10 GMT4 Hours229.23228.35229.07227.66228.00228.54228.88229.42229.76230.3001:10 GMTHourly229.84229.35229.67228.90229.12229.40229.62229.89230.11230.3801:10 GMT
current price at 8:18 pm est is 229.93? SO WHEN WHAT PRICE DO U ENTER?
  • #453
  • Apr 15, 2008 1:10am Apr 15, 2008 1:10am
Hi folks, I would like to know if anyone is still using this system if yes, is it still viable? Thanks
He that is from above is above all.
  • #454
  • Nov 11, 2008 3:27am Nov 11, 2008 3:27am
Hi, Olaha! Can you tell us where you got this strategy? Interesting because I never heard about setups using 1h-4h pivots, I heard only about daily pivots strategies. hope this thread is not dead. thnx.
  • #455
  • Dec 14, 2008 2:09am Dec 14, 2008 2:09am
Hi all

pls kindly help me with the spreed sheet for calculation of weekly HLC, the particular one that forex assassin use in his method
  • #456
  • Apr 16, 2011 8:48am Apr 16, 2011 8:48am
any one please can tell me how to setup stoch indicator with EMA in Meta trader , as i want to test this strategy put can't setup stoch indicator as mentioned by Olaha

Thanks
  • #457
  • Oct 25, 2011 9:07pm Oct 25, 2011 9:07pm
Hello Mr Olaha and the other, nice to join with all of you..

I quite interesting in pivot point trading..
I want to know about when the exactly time for trading using this trading system..
Explained that the best time for trading is during london and us market..
But when price is already above daily pivot, H4 pivot and break R1 at H1 pivot, can i entry market?eventhough is during asia market?
  • #458
  • Oct 27, 2011 7:29pm Oct 27, 2011 7:29pm
Quoting denwen
Hello Mr Olaha and the other, nice to join with all of you..

I quite interesting in pivot point trading..
I want to know about when the exactly time for trading using this trading system..
Explained that the best time for trading is during london and us market..
But when price is already above daily pivot, H4 pivot and break R1 at H1 pivot, can i entry market?eventhough is during asia market?
Here's a good read on this subject. It's an e-book. I look at a chart in a whole different way now.

www.forexfactory.com/attachment.php?attachmentid=5374&d......
Time turns trend. - W.D. Gann
  • #459
  • Last Post: Jun 14, 2013 5:51am Jun 14, 2013 5:51am
Quoting Olaha
I assume everybody knows how to enter and exit the market but don't know a few rules that related to Money management. Such as; i - where to enter & exit with Money management, ii- where to display stop loss with Money management, iii- how to diversify the account with Money management (Scale), iv- how much we can risk our account. The website for Pivot Point; http://www.actionforex.com/forex_ana..._200603215756/ 1) Where to enter & Exit; Everybody has own way of enter in to the market. No body can...
Hello, good approach to get some pips when market opens. Just need to know one thing
what if price if between Daily, 1HR and 4Hr pp. do you wait for price to close either above all PP or below all PP
e.g if when market opens at 8am GMT say price is below daily PP below 1HR PP and above 4HR PP and at 9.15 it goes below all (1HR, 4HR and daily ) PP but 9.15 there is new 1HR pp. my question is would you consider 1HR PP of 8am (when market opens ) or 9.15 am (current 1HR PP). hope that make sense.

pp = pivot points

Thanks
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