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Daily Pivot Point Trades

  • #181
  • Dec 22, 2011 4:44am Dec 22, 2011 4:44am
After many of our "shorties" have been squezzed out ... we can let it go down again ...

2011-12-22_11h33_ EURUSD _ min060 _ (100a) candlestick + Pivot + TEMA

Alles darf nun in geordneter Weise weitergehen ... unsere Elliott Projizierung steht nunmehr an ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #182
  • Dec 22, 2011 7:29am Dec 22, 2011 7:29am
Quoting mercy seat
Partials (75%) covered at 1.3096 (10:42 CET) ...

Cancelled all pendings ...

2011-12-21_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-51 x

Everything done as explained(!) with this survey ...

Profit stop for the rest of 25% with OCO at 1.3055 or 1.3115 ...




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Unfortunately, I can't see your work bacause I have "junior member" status, whatewer it is.. Your ideas and acess is very interesting and, what is more important, very simple as is, but have sense and give results.

Congratulations

Keep good work...
  • #183
  • Dec 22, 2011 10:40am Dec 22, 2011 10:40am
Quoting BongaBonga
Here is a quick EA that will generate the appropriate Order using the basic rules outlined in the first post.

For options:
EAOn - set to True for the thing to work
TimeZone - doesn't do anything yet.
LotSize - how big of an order do you want?
TakeProfitTarget - there are four options: 1,2,3,0. 0 for no TP, 1 for R1/S1, 2 for R2/S2, and 3 for R3/S3.

Right now it just generates an order whenever there is a new tick and uses your broker's timezone as the new day cut off. For Oanda users trading the GBPUSD or EURUSD that's not an issue.


Now...
Bonga, This is Bomi from Houston. thanks for your EA. I have downloaded it n edited it as you told us, but when I want to attach to gbp/usd or gbp/chf chart, it does not attach!! So how will it take trades? Pl. help me.
I am a very small investor.
Thanks in advance.
  • #184
  • Dec 22, 2011 4:35pm Dec 22, 2011 4:35pm
Quoting mercy seat
Today's TABLE and SURVEY for the EUR/USD pair:

2011-12-21_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-51 a

Guten Morgen ... don't waste your time ... it's easy peasy ...




Faites vos jeux!




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Today's TABLE with ZIGZAG + PIVOT SURVEY for the needs of trading the EUR/USD pair:

2011-12-22_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-51 a

This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.





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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #185
  • Dec 22, 2011 9:51pm Dec 22, 2011 9:51pm
Hello Traders,

Just a query with the MetaTrader 4. How do you insert pivot points onto the graph?

Or is it better suited to use some that are already provided from the internet?

Thanks,


John.
Even the worst trade can close with profit. Just give it time.
  • #186
  • Dec 25, 2011 5:43pm Dec 25, 2011 5:43pm
TABLE with ZIGZAG + PIVOT SURVEY for the needs of trading the EUR/USD pair:

2011-12-23_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-51 bd

This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.





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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-23_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-52 da 1.PNG Size: 119 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #187
  • Dec 25, 2011 6:17pm Dec 25, 2011 6:17pm
Quoting kibescorp
Why would the market be closed TOMORROW when the price is already moving right NOW?

In addition, there is a difference between the market, brokers, and BANKS.

Banks might be "off" today and tomorrow, but brokers seem to be allowing trading right now.
This is because most of you do not have connections to the markets with direct access ...

Not all Interbank Markets are closed today ... not everywhere they are concerned in X-mas holidays procedures that much ...

But you cannot benefit from such things with a finance service that is not able to give you such things ...

And yes ... of course market does have some Bank Counterparts ... which are ready to act now ...




TABLE with ZIGZAG + PIVOT SURVEY for the needs of trading the EUR/USD pair:

2011-12-23_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-51 bw

This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.





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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #188
  • Edited 7:24pm Dec 25, 2011 6:22pm | Edited 7:24pm
Quoting John Gray
Hello Traders,

Just a query with the MetaTrader 4. How do you insert pivot points onto the graph?

Or is it better suited to use some that are already provided from the internet?

Thanks,


John.
I have never ever seen any traders here ...

And in case you have read what I did post here ... with my first posts here ... then you might get the answer that you are looking for ...

#27

#31

And this is one of the rare useful posts here ... from another member who did contribute some basics ... which may give you some hints ... what is behind the idea of trading with pivots ...

Do you think a floor trader is watching your MT4 charts ?




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #189
  • Dec 25, 2011 6:41pm Dec 25, 2011 6:41pm
Quoting mercy seat
Quite useful as well is this one ...

#31

But you can avoid a lot of that stress by using this one ...

http://www.pivotpointcalculator.com/

For all of you guys ... who are seriously concerned with this beautiful and mighty tool for a good determination of trading opportunities ... I want to mention that there is no need to have all those levels of reaction and possible turning points on your screens neither in any EAs nor whatever ...

A good...
Here I have tried to give some explanation about the use of PIVOTS ...

#130

Mehr gibbets jetzt einfach nicht ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #190
  • Dec 25, 2011 7:07pm Dec 25, 2011 7:07pm
Quoting chess king
possibly we will have large open GAP tomorrow .... is what can happen or not?
It has been explained many many times here ... maybe not in a sufficient way ... as most of those "so-called experts" doesn't know it better as well ...

But "GAPS" they do exist ... but they are really very very very rare in FOREX ...

Those "GAPS" that you can observe on your charts from your finance services with limited access to the markets are not existing ... they are not the same as an direct access data feed can provide to you ...

And yes ... that is one of the good reasons why it is highly recommended not to trade with all those MetaTrader Finance Services with open positions thrughout and over long week-ends ... because you cannot react then ... as only others can ...

Yes ... other participatiants they can ... you could as well ... but not with a too small account ... and not with a usual online service ...

That's why it is not recommended to leave the market with open active positions during such periods ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #191
  • Dec 25, 2011 8:20pm Dec 25, 2011 8:20pm
Im a scalper and more than 80 % of my trades are pivot based.
I use the Fibonacci Daily Pivots and its amazing how accurate they are.
Ive done a lot of testing..

I tried 5 pm also 7 pm (Tokyo opening)
but in my mind calculating Pivots at 6 pm US Time
what would be midnight in Europe (Germany) makes the best results and the
most accurate Pivot lines.

Maybe thats only subjective but at present i dont see any disadvantages
calculating pivots at 6 am Us Time.

Again, someone said that also, after i started using Pivots i finally found my way to trade.
How to opt out annoying user signatures ??
  • #192
  • Dec 25, 2011 8:58pm Dec 25, 2011 8:58pm
Quoting Toranaga
Im a scalper and more than 80 % of my trades are pivot based.
I use the Fibonacci Daily Pivots and its amazing how accurate they are.
Ive done a lot of testing..

I tried 5 pm also 7 pm (Tokyo opening)
but in my mind calculating Pivots at 6 pm US Time
what would be midnight in Europe (Germany) makes the best results and the
most accurate Pivot lines.

Maybe thats only subjective but at present i dont see any disadvantages
calculating pivots at 6 am Us Time.

Again, someone said that also, after i started using Pivots i finally found my way...
Yes ... it is their accuracy and reliability that is pretty convincing for a trader ...

Moreover in case you talk about with other real business parties ... then you will see that many of them do have the same key-points and levels in mind ...

Maybe that's an additional reason why they work pretty good ... because there are many focused on them ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #193
  • Dec 25, 2011 9:26pm Dec 25, 2011 9:26pm
I said i use 6 pm for calculating the Pivots, but im not bone heated
i try to be open minded and accept someone others opinion if he knows it better.

Why im writing this is because i started again to think about the right time for the pivots calculations.
I read today again about the 5 pm time and in some way thats logical so im a little 'confused' again

Let me show you my last observations. Made this pics few days ago..
All on the same day, with different time setup.

First picture shows the Fib. Pivots calculated at Midnight (6 pm US Time)
Second, Fib. Pivot at 5 pm
Third, at 7 pm

So thats why i said 6 pm should be ok, but maybe i had only a lucky hit.

I see, that will be one of my favorite threads on FF..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pivots+-5++1.jpg Size: 180 KB
Click to Enlarge Name: pivots+-6++1.jpg Size: 186 KB
Click to Enlarge Name: pivots+-4++1.jpg Size: 188 KB
How to opt out annoying user signatures ??
  • #194
  • Dec 26, 2011 12:08pm Dec 26, 2011 12:08pm
Four hours of trading procedures left until we will have our next Rollover into another "value date" ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #195
  • Dec 26, 2011 12:54pm Dec 26, 2011 12:54pm
You can use this calculator for your own purposes ...

http://www.pivotpointcalculator.com/

This one is more than good enough ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #196
  • Dec 26, 2011 1:02pm Dec 26, 2011 1:02pm
Now ... at 19:52 CET / 18:52 UTC we have O-H-L-C lose ...

As follows :

2011-12-26_19h52 - www.pivotpointcalculator.com_Daily PP

And you will see (von einigen Ausnahmefällen mal abgesehen) apart from some exeptions ...

That it will make no big difference if you use strange points of time for such reasons or not ... one hour makes no big deal in that calculations ...

But under INTERBANK Conditions is a commonly widespread use of ROLLOVER at 23:00 CET / 22:00 UTC / 17:00 EST ...

Therefore this one is a preliminary calculation ...




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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-26_19h52 - www.pivotpointcalculator.com_Daily PP.PNG Size: 87 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #197
  • Dec 26, 2011 4:28pm Dec 26, 2011 4:28pm
Quoting mercy seat
Now ... at 19:52 CET / 18:52 UTC we have O-H-L-C lose ...

As follows :

2011-12-26_19h52 - www.pivotpointcalculator.com_Daily PP

And you will see (von einigen Ausnahmefällen mal abgesehen) apart from some exeptions ...

That it will make no big difference if you use strange points of time for such reasons or not ... one hour makes no big deal in that calculations ...

But under INTERBANK Conditions is a commonly widespread use of ROLLOVER at 23:00...
Here they are ...

2011-12-26_23h00 - www.pivotpointcalculator.com_Daily PP

Our beloved PIVOTS and MIDPOINTS which are updated at 23:00 CET / 22:00 UTC / 17:00 EST ...

Don't use the default settings for determination of Sup3 and Res3 ... use the ones as shown here instead of ... then you are halfway travelling on the sunny side of the Avenue des Champs-Élysées or the Kurfürsten Damm if you like ...

But never ever get hopelessly lost at the eastern side (Unter den Linden) of the Brandenburg Gate ... then you are travelling under wrong license and you might probably find yourself getting into wrong crowd there ...

And then the things go downhill ... with the ugly ones ...





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Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-12-26_23h01_ EURUSD _ min060 _ (150a) candlestick + HL + TL.PNG Size: 21 KB
Click to Enlarge Name: 2011-12-26_23h00 - www.pivotpointcalculator.com_Daily PP.PNG Size: 67 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #198
  • Dec 27, 2011 1:25am Dec 27, 2011 1:25am
Quoting mercy seat
Here they are ...

2011-12-26_23h00 - www.pivotpointcalculator.com_Daily PP

Our beloved PIVOTS and MIDPOINTS which are updated at 23:00 CET / 22:00 UTC / 17:00 EST ...

Don't use the default settings for determination of Sup3 and Res3 ... use the ones as shown here instead of ... then you are halfway travelling on the sunny side of the Avenue des Champs-Élysées or the Kurfürsten Damm if you like ...

But never ever get hopelessly lost...
Okay ...

2011-12-27_08h03_ EURUSD _ min060 _ (150a) candlestick + HL + TL

This is not the "Take The Dumb And Dull All Over Ones By The Hand" Thread ...

But in case of some of you was able to buy something near 1.3045/ 43 zone ... then you can cover now these positions at around 1.3072/ 76 area ...

There might be some pullback at first ...

Continuation of previous attempts later or maybe at another convenient point of time ...

Try to combine Pivotal Method in trading with other sufficient methods of determination for direction and determination of the right point of time to react ...

For those who do have made some own observations ... they may share here ...

Useful own observations are welcome ... but please refrain from usual bickering or bullshitting ... or similar disturbing actions as before ... which do have nothing to do with real own trading practices ...





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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-27_08h03_ EURUSD _ min060 _ (150a) candlestick + HL + TL.PNG Size: 24 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #199
  • Dec 27, 2011 8:03am Dec 27, 2011 8:03am
It's trying to print a rebound pattern below some resistance structures ...

That is obviously the name of the game for today ...

2011-12-27 _ (14h55 CET) EUR-USD _ 060min _ 001 candlestick 300-507-30

And maybe this CCI might be an additional tool for a trader - in order to work with pivotal methods ...

Another member in our "resort" obviously has made some good experiences with that ...




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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-27 _ (14h55 CET) EUR-USD _ 060min _ 001 candlestick 300-507-30.GIF Size: 46 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #200
  • Dec 27, 2011 8:14am Dec 27, 2011 8:14am
(jetzt aber..)

I took the TrendCCI Indi 3 days ago into the chart and try him in M1.
Could not trade the last days, but what i can say till now,
seems to be a nice addition for the Pivots, and the Pivots for him.
How to opt out annoying user signatures ??
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