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On My Way To The Top

  • #961
  • Nov 4, 2011 6:55am Nov 4, 2011 6:55am
Quoting M_j
pmullin86: do you have the source mq4 file of your pivot indi?
here you are
Attached File(s)
File Type: mq4 Fibonacci Pivots.mq4   5 KB | 226 downloads
No man is free who is not a master of himself. -P.M.-
  • #962
  • Edited 7:26am Nov 4, 2011 7:12am | Edited 7:26am
thanks - so the Support and resistance levels are not standard pivot s/r but based on some Fib values.

Did you ever check it with any standard pivot?

Not sure just searched for pivot - http://www.forexfactory.com/showthre...62#post1427962

did not check if it is really standard.

From the way: balrog charts look he might be using something like this.


Maybe something related:
http://www.forexfactory.com/showthre...47#post1583247
http://www.forexfactory.com/showthre...91#post1506991

Since forex is a continuous 24 hour market, the cut-off point for each day is arbitrary.

(One reason why I do not like so much stuff above H1 but still use higher TF. if you look at systems based on H4 people get at times quite different entry condition: e.g skip through 4 Hour Strategy (MACD) http://www.forexfactory.com/showthread.php?t=14630)
Attached File(s)
File Type: mq4 Pivots.mq4   14 KB | 233 downloads
__Thanks__ MJ
  • #963
  • Nov 4, 2011 7:18am Nov 4, 2011 7:18am
Quoting M_j
thanks - so the Support and resistance levels are not standard pivot s/r but based on some Fib values.

Did you ever check it with any standard pivot?

Not sure just searched for pivot - http://www.forexfactory.com/showthre...62#post1427962

did not check if it is really standard.

From the way: balrog charts look he might be using something like this.
I have checked it with standard pivots and it seems that sometimes they line up and other times they don't but they do use different calculations from standard pivots....
No man is free who is not a master of himself. -P.M.-
  • #964
  • Nov 4, 2011 7:22am Nov 4, 2011 7:22am
Quoting M_j
thanks - so the Support and resistance levels are not standard pivot s/r but based on some Fib values.

Did you ever check it with any standard pivot?

Not sure just searched for pivot - http://www.forexfactory.com/showthre...62#post1427962

did not check if it is really standard.

From the way: balrog charts look he might be using something like this.
Using pivot indi from THV thread.. can be set to be standard or fib pivots.
  • #965
  • Nov 4, 2011 7:29am Nov 4, 2011 7:29am
Looking at possibly shorting the aud usd as the 15 minute 50 sma is turning over along with the hour turning over and the fifteen down with the thirty if I'm not mistaken and the smas stacked to the downside....
No man is free who is not a master of himself. -P.M.-
  • #966
  • Nov 4, 2011 7:30am Nov 4, 2011 7:30am
Quoting pmullin86
I have checked it with standard pivots and it seems that sometimes they line up and other times they don't but they do use different calculations from standard pivots....
I guess one has to settle for something and hope the best

Anyway, for the Price touch pivot lines I guess I will use a similar calculation to the one you posted -- maybe I check out the one from balrog: (do you have the source file?
__Thanks__ MJ
  • #967
  • Nov 4, 2011 7:47am Nov 4, 2011 7:47am
Quoting M_j
I guess one has to settle for something and hope the best

Anyway, for the Price touch pivot lines I guess I will use a similar calculation to the one you posted -- maybe I check out the one from balrog: (do you have the source file?
Unfortunately not.. can't find it either on the THV thread, although I only quickly glanced thru the attachments.
  • #968
  • Nov 4, 2011 7:53am Nov 4, 2011 7:53am
Quoting balrog
Unfortunately not.. can't find it either on the THV thread, although I only quickly glanced thru the attachments.
They use a different calculation from standard pivots so they are not meant to line up with standard pivots....
No man is free who is not a master of himself. -P.M.-
  • #969
  • Nov 4, 2011 7:55am Nov 4, 2011 7:55am
Quoting pmullin86
Looking at possibly shorting the aud usd as the 15 minute 50 sma is turning over along with the hour turning over and the fifteen down with the thirty if I'm not mistaken and the smas stacked to the downside....
Not sure I follow you on this one.. Any chance of a chart although news has probably messed it up a small bit..
  • #970
  • Nov 4, 2011 7:58am Nov 4, 2011 7:58am
Quoting balrog
Not sure I follow you on this one.. Any chance of a chart although news has probably messed it up a small bit..

LOL never mind...nfp ruined my possible set up so now I have to wait a bit longer for a set up to occur it seems...
No man is free who is not a master of himself. -P.M.-
  • #971
  • Nov 4, 2011 8:01am Nov 4, 2011 8:01am
Quoting pmullin86
They use a different calculation from standard pivots so they are not meant to line up with standard pivots....
I know - but I just had to laugh (which is good at times) because your sentence: it seems that sometimes they line up and other times they don't

reminded me a bit of the dilemma we TA Traders are in: whatever we try to find an advantage - at times it just does not work out.


BTW: I decided to implement the pivot stuff - probably quite soon after the firs MA test stuff works in the MasterALERT.
__Thanks__ MJ
  • #972
  • Nov 4, 2011 8:08am Nov 4, 2011 8:08am
Quoting M_j
I know - but I just had to laugh (which is good at times) because your sentence: it seems that sometimes they line up and other times they don't

reminded me a bit of the dilemma we TA Traders are in: whatever we try to find an advantage - at times it just does not work out.


BTW: I decided to implement the pivot stuff - probably quite soon after the firs MA test stuff works in the MasterALERT.

Yeah for every advantage you gain some disadvantage with pretty much anything trading related and not... (and so we must always find the balance)...or so I suppose...

--Thats good news I look forward to it...
No man is free who is not a master of himself. -P.M.-
  • #973
  • Nov 4, 2011 8:13am Nov 4, 2011 8:13am
hmmm...price on the aud usd tested the 61.8 daily fib retrace level so I wonder if its going to try and make a run to the 50 level...
No man is free who is not a master of himself. -P.M.-
  • #974
  • Nov 4, 2011 8:15am Nov 4, 2011 8:15am
Quoting pmullin86
hmmm...price on the aud usd tested the 61.8 daily fib retrace level so I wonder if its going to try and make a run to the 50 level...
daily fib retrace level: do you mean by this a line from the fib pivot or a separate fib retrace level.

if separate - would you also suggest maybe to implement - Price touch Daily fib levels ?
__Thanks__ MJ
  • #975
  • Nov 4, 2011 8:25am Nov 4, 2011 8:25am
Quoting M_j
daily fib retrace level: do you mean by this a line from the fib pivot or a separate fib retrace level.

if separate - would you also suggest maybe to implement - Price touch Daily fib levels ?
fib retrace level as in I go to the daily time frame and apply the fibonacci tool to get the levels to be used as support and resistance on the smaller time frames... and if you could implement that it would be great as the daily fib levels are my favorite to use as true support and resistance levels....
No man is free who is not a master of himself. -P.M.-
  • #976
  • Nov 4, 2011 8:42am Nov 4, 2011 8:42am
Quoting pmullin86
fib retrace level as in I go to the daily time frame and apply the fibonacci tool to get the levels to be used as support and resistance .
1. You draw them at the previous days candle is that right?

2. how many fib values you use only.

3.Also the one which are higher than 100 like: 161.8,261.8,423.6

4. only daily based fib or the other TF too
__Thanks__ MJ
  • #977
  • Nov 4, 2011 8:55am Nov 4, 2011 8:55am
Quoting M_j
1. You draw them at the previous days candle is that right?

2. how many fib values you use only.

3.Also the one which are higher than 100 like: 161.8,261.8,423.6

4. only daily based fib or the other TF too

oh no i use daily swing highs and swing lows to draw fibs....
No man is free who is not a master of himself. -P.M.-
  • #978
  • Nov 4, 2011 9:03am Nov 4, 2011 9:03am
Quoting pmullin86
oh no i use daily swing highs and swing lows to draw fibs....
I think I understand but it would be helpful if you show a pic with some explanations.

As there are many ways to do it.

like swing high, swing low: I know what you mean but it is a too flexible term.
I guess you will define swing high, swing low by your semaphor - but that's just a guess.


Maybe from my old ZZ indicator something like the MTF pic:

http://www.forexfactory.com/showthre...72#post4915672
__Thanks__ MJ
  • #979
  • Nov 4, 2011 9:50am Nov 4, 2011 9:50am
Here is what I'm looking at on aud usd and how I draw my fibs on the daily...
Attached Image (click to enlarge)
Click to Enlarge Name: fibs.gif Size: 54 KB
No man is free who is not a master of himself. -P.M.-
  • #980
  • Nov 4, 2011 9:58am Nov 4, 2011 9:58am
What are the rules for it:

seems you use the Big Semaphore points to define swing high, swing low.

1.but why not between the two red ones I marked? seems that it bounced already once before
Attached Image (click to enlarge)
Click to Enlarge Name: fibs.gif Size: 54 KB
__Thanks__ MJ
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