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Daily Pivot Point Trades

  • #241
  • Jan 5, 2012 11:43pm Jan 5, 2012 11:43pm
Quoting mercy seat
Yes ... absolutely the same way ...

Final version of a TABLE SURVEY ...

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

2012-01-06_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-01 va

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.

Stops* for position trades again and still above 1.3080 and 1.3143 / 64 zone ...

Daily structures remains bearish below 1.3011 - 1.3028 ...

Only a cross of above 1.2847 would stregthen the upside for a limited move towards above 1.2900 (corrective in nature) ... palim palim ...

* Stops can be used for entries as well ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #242
  • Jan 5, 2012 11:55pm Jan 5, 2012 11:55pm
Quoting John Gray
Hi,

If we want to use daily pivots would we use the OHCL for the previous days levels?

If so, is this the same for the 4hr and 1hr candlesticks?

Thanks,


John.
Yes ... absolutely the same way ...




#197

Try out and compare your results with this one ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #243
  • Edited 12:28am Jan 6, 2012 12:17am | Edited 12:28am
Quoting John Gray
Hi,

If we want to use daily pivots would we use the OHCL for the previous days levels?

If so, is this the same for the 4hr and 1hr candlesticks?

Thanks,


John.
John,

You can use this calculator for your own purposes ...

http://www.pivotpointcalculator.com/

This one is more than good enough ...

And then ... there is no need to go with that to lower TFs as four or three hours ...

Daily Pivots are and remain the master key ...

Sometimes it is good to know them for lower TFs such as 12 - 8 hours or 4 - 3 hour in addition ... but only in addition to the daily keys ...

Lower time frames makes no sense ... they are missleading ...

Not a super good idea to watch them in too low time frames ... as it could be more confusing ...

Btw you can use them from this LINK below as well:

http://www.actionforex.com/markets/p...tmpl=component

Or go to their main page concerning Pivots ... where you may find all additional hints about other methods as well ... De Marks Pivots ... etcetera ...

Pivots are more or less a thing to keep in your mind and a thing to start to create some calculations and strategies based on that ...

Not very helpful if you like to implement them into graphical views ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #244
  • Jan 6, 2012 12:51am Jan 6, 2012 12:51am
Mercy, I appreciate your excitement for Daily Pivot Points, I really do, but this isn't the thread for what you're posting. Please start your own separate thread and post a link to it here.

I'm not trying to be a jerk, but you've managed to completely derail any sort of discussion with your posts.
  • #245
  • Jan 6, 2012 1:02am Jan 6, 2012 1:02am
Quoting mercy seat
John,

You can use this calculator for your own purposes ...

http://www.pivotpointcalculator.com/

This one is more than good enough ...

And then ... there is no need to go with that to lower TFs as four or three hours ...

Daily Pivots are and remain the master key ...

Sometimes it is good to know them for lower TFs such as 12 - 8 hours or 4 - 3 hour in addition ... but only in addition to the daily keys ...

Lower time frames makes no sense ... they are missleading ...

Not a super good idea to watch them in too low...
hi mercy

i just saw your contributions on this forum today and am surprise on wat i hav missed i love zigzag a lot.my question is regarding ua survey xls.How can i get it is it dde based?
  • #246
  • Jan 6, 2012 8:08am Jan 6, 2012 8:08am
Quoting mercy seat
Final version of a TABLE SURVEY ...

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

2012-01-06_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-01 va

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.

Stops* for position trades again and still...
Long since 1.2728 (15:00 CET)



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #247
  • Jan 6, 2012 8:24am Jan 6, 2012 8:24am
Quoting mercy seat
Long since 1.2728 (15:00 CET)



;-|

Partials at 1.2756 (15:16 CET)

+ 28 points within very short time ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #248
  • Jan 6, 2012 8:59am Jan 6, 2012 8:59am
Quoting mercy seat
Partials at 1.2756 (15:16 CET)

+ 28 points within very short time ...




;-|
Reloaded ...

Bigger one at 1.2707 (15:53 CET) ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #249
  • Jan 6, 2012 9:03am Jan 6, 2012 9:03am
Pivots and some other things to be considered ...

Self explanatory ...

2012-01-06_16h00_ EURUSD _ min030 _ (200a) candlestick + Pivots + TEMA

Divergences ...




;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-01-06_15h40_ EURUSD _ min060 _ (200a) candlestick + Pivots + TEMA.PNG Size: 26 KB
Click to Enlarge Name: 2012-01-06_16h00_ EURUSD _ min030 _ (200a) candlestick + Pivots + TEMA.PNG Size: 28 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #250
  • Jan 6, 2012 10:22am Jan 6, 2012 10:22am
Quoting mercy seat
Reloaded ...

Bigger one at 1.2707 (15:53 CET) ...




;-|
Bigger staples with partial profits cashed at 1.27271 (17:09 CET) ...

Again + 20 points in a "quite short" time ...

Re-loading if cuts lower again ... otherwise let it run ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #251
  • Jan 6, 2012 10:58am Jan 6, 2012 10:58am
Quoting mercy seat
Bigger staples with partial profits cashed at 1.27271 (17:09 CET) ...

Again + 20 points in a "quite short" time ...

Re-loading if cuts lower again ... otherwise let it run ...






;-|
Reloaded at 1.2716 ...

Pendings below waiting at levels between 1.2714 - 09 - 01 ...

Further ones below 1.2695 ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #252
  • Jan 6, 2012 3:37pm Jan 6, 2012 3:37pm
Quoting mercy seat
Reloaded at 1.2716 ...

Pendings below waiting at levels between 1.2714 - 09 - 01 ...

Further ones below 1.2695 ...




;-|


Quoting mercy seat
Reloded at 1.27083 (18:10 CET) ...

And now again with a nice deep BE therfore ...



;-|
Covered at 1.27278 ...

Again almost +20 points ... enough for today ...



Never ever hold active positions at week-ends and in any case you do not have real direct connections to the markets ...

Have a nice week-end




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #253
  • Jan 6, 2012 3:56pm Jan 6, 2012 3:56pm
Quoting BongaBonga
Mercy, I appreciate your excitement for Daily Pivot Points, I really do, but this isn't the thread for what you're posting. Please start your own separate thread and post a link to it here.

I'm not trying to be a jerk, but you've managed to completely derail any sort of discussion with your posts.

Since you started the thread I believe you can block him from posting, which seems like a good idea, because his posts make no sense to me.


This started off to be a good thread, but unfortunately has taken a turn. It seems like a good strat. I use pivots with my Ichimoku trading and they work very good. The problem is no one wants to learn how to trade. The second post with in these forums is usually can you/someone make an ea. Really? Learn how to trade the system, and then if you want make an ea, but learn the system first. The poster dove gave an excellent post and no one seems to acknowledge it. Pivots work very well, as a matter of fact Chris Capre has a similar system that has been back-tested every year for over ten years, and his works great. The only difference is, he knows how it works and worked directly with the programmer as opposed to people on here reading a few pages and think they got it.

If you to trade, learn to trade, not turn an ea on and off. Anyway, hopefully it can get back on track.
  • #254
  • Jan 7, 2012 3:33pm Jan 7, 2012 3:33pm
You're right knucklehead, I have banned mercy seat from this thead. I gave him a warning both here and by PM and he ignored them. Hopefully this thread will get back on track.
  • #255
  • Jan 7, 2012 3:38pm Jan 7, 2012 3:38pm
And what exactly is the track of this thread ?

Building a Pivot EA ??

After your first few posts and the Dove post,
i did not found anything useful anymore ?

Not trying to be mean, only searching for a good Pivots Thread..
How to opt out annoying user signatures ??
  • #256
  • Jan 7, 2012 3:44pm Jan 7, 2012 3:44pm
Well I was hoping for some general discussion like "I found xx time to be better for xyzabc pair" or questions people might have. If no one has anything new to add the thread can fade away.

Personaly, I don't really care for the EA route, seems like a few minutes a day never hurt anyone.
  • #257
  • Jan 7, 2012 3:51pm Jan 7, 2012 3:51pm
Quoting BongaBonga
Hello! Thank you for stopping by this thread. In here I would like to share with you a simple method that I have been studying and backtesting. I have had issues with overtrading and not setting realistic profit targets, as a result my trading has sucked. To combat the overtrading I started committing to a single trade a day, if it failed, that was it. Obviously, that reduced my drawdown, but didn't help my profit taking.

That's where the Daily Pivot Point (DPP) comes in. With the DPP I can determine a daily bias (long or short) as well as reasonable...
i used to use pivot points but, i found no real edge in them you can do the same with a 24h moving average and average ranges.

here is some stats for ya.

2,856 trading days since inception of the Eur/usd

the central pivot has been above open 1,346 times
and only 592 times has the close been below open

that is actually negative expectancy of 48.98% of the time,

you would do better being short biased when central pivot was below open >51% of the time you would be right
AVT INVENIAM VIAM AVT FACIAM
  • #258
  • Jan 7, 2012 4:39pm Jan 7, 2012 4:39pm
Quoting BongaBonga
Well I was hoping for some general discussion like "I found xx time to be better for xyzabc pair" or questions people might have. If no one has anything new to add the thread can fade away.

Personaly, I don't really care for the EA route, seems like a few minutes a day never hurt anyone.
No, i love Pivots. We should do more research.

Personally i freak out every time i read "Can we do some Ea on this.." NO WE CANT, learn to trade

Subscribed this thread, let see how its develops..

What i can contribute at the moment.
At first i ignored the Camarilla Pivots but..
they are great. Trying to build a system for me based on daily Fib. Pivots in conjunction with Camarillas.
How to opt out annoying user signatures ??
  • #259
  • Jan 7, 2012 6:52pm Jan 7, 2012 6:52pm
Quoting the redlion
i used to use pivot points but, i found no real edge in them you can do the same with a 24h moving average and average ranges.

here is some stats for ya.

2,856 trading days since inception of the Eur/usd

the central pivot has been above open 1,346 times
and only 592 times has the close been below open

that is actually negative expectancy of 48.98% of the time,

you would do better being short biased when central pivot was below open >51% of the time you would be right
I don't understand this post Redlion. You're saying that the close above DPV should actually be a sell bias? With close below DPV the bias would be to buy?
  • #260
  • Jan 7, 2012 7:23pm Jan 7, 2012 7:23pm
Interesting stats. if the numbers are accurate.
Never thought to see that that way.. Thanks.

But a ratio of almost 50:50 is a good sign that the calculations aren't wrong.
Close vs DPV is only one of thousand possibilities to trade Pivots.
And a pretty lame

You cant ignore the pics i posted before. Like a known invisible wall.
How to opt out annoying user signatures ??
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