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Day Trading for a Living

  • #861
  • Jul 27, 2012 4:34pm Jul 27, 2012 4:34pm
Quoting Turveyd
Where is your pivot indicator I'll have a look at it, see if its got any merit or you just got lucky LOL

Tweaked method a bit to run with faster directions so it's less laggy it's calling it very well, the issue is I'm not using it, only 2 trades I think all week useless.

If trade #1 is a nice profitable trade then I'm more likely to keep playing and then do okay, if trade #1 fails even if only small, then I pretty much wuss it all day.
See attached file, the daily pivot in the settings is the top orange #0, change that to a thicker line as I find them quite thin, go back a few weeks going through the days and see how well the price respects it or if the price doesn't go near the pivot on a day, see how much the price moves relative to its position - under or above the pivot, and ponder how richer you'd be if you traded the pullbacks lol Just ignore the other lines or just turn them off by changing them to the same colour as your chart background, unless you plan on using them.

Attached File(s)
File Type: mq4 PivotDaily.mq4   5 KB | 327 downloads
  • #862
  • Jul 27, 2012 4:44pm Jul 27, 2012 4:44pm
Quoting GDR3k
See attached file, the daily pivot in the settings is the top orange #0, change that to a thicker line as I find them quite thin, go back a few weeks going through the days and see how well the price respects it or if the price doesn't go near the pivot on a day, see how much the price moves relative to its position - under or above the pivot, and ponder how richer you'd be lol Just ignore the other lines or just turn them off by changing them to the same colour as your chart background, though unless you plan on using them.

Thanks a quick test

DAX first.

Today pretty close on the low.
Yesterday nothing.
day before hit and reverse.
before hit and reverse
nothing
maybe caught the turn down.
nothing
maybe
called a bottom
errrr


quick test on GU, I see some matching up more than I expect by random chance to be fair.

Colours don't save with the template, have to alter every colour on every chart to black and don't have this for Mobile trading which is a issue to, but will keep testing it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #863
  • Jul 27, 2012 4:46pm Jul 27, 2012 4:46pm
Quoting Turveyd
Thanks a quick test

DAX first.

Today pretty close on the low.
Yesterday nothing.
day before hit and reverse.
before hit and reverse
nothing
maybe caught the turn down.
nothing
maybe
called a bottom
errrr


quick test on GU, I see some matching up more than I expect by random chance to be fair.

Colours don't save with the template, have to alter every colour on every chart to black and don't have this for Mobile trading which is a issue to, but will keep testing it.
Forgot to mention, currencys only really respect it and GU and EU more than most, DAX, DOW etc never do, or very rarely.
  • #864
  • Jul 27, 2012 4:53pm Jul 27, 2012 4:53pm
DAX didn't seem any different to GU on a quick test, but it was a quick test.

No pivot indicator on my trading app, could draw a line manually.


I see how it's calculated, high ( H + L + C ) / 3 basic math's, simple enough to be self causing maybe.


The rest really have less and less relevance don't they, noticeably.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #865
  • Jul 27, 2012 5:00pm Jul 27, 2012 5:00pm
Quoting Turveyd
DAX didn't seem any different to GU on a quick test, but it was a quick test.

No pivot indicator on my trading app, could draw a line manually.


I see how it's calculated, high ( H + L + C ) / 3 basic math's, simple enough to be self causing maybe.


The rest really have less and less relevance don't they, noticeably.
Yeah, having the indy just saves you a few seconds of doing the math yourself, theres no guarantee price will bounce off the pivot but its a very good tool IMO and I've made probably the most pips using this than any other way, today on EU for instance, it bounced off the pivot for a +100 pip move and I stole 43 of those.
  • #866
  • Jul 27, 2012 5:02pm Jul 27, 2012 5:02pm
okay looking like it's a good shot for trend continuation, 15pips SL on EU today had a 130pip upside.


Ofcourse you've jinxed it and it'll stop working as I've got it on!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #867
  • Jul 27, 2012 5:04pm Jul 27, 2012 5:04pm
Quoting Turveyd
okay looking like it's a good shot for trend continuation, 15pips SL on EU today had a 130pip upside.


Ofcourse you've jinxed it and it'll stop working as I've got it on!!
Haha oh no, don't be saying that, I'll have to go back to a normal 9-5 job which pays in peanuts....
  • #868
  • Jul 27, 2012 5:06pm Jul 27, 2012 5:06pm
Quoting Turveyd
okay looking like it's a good shot for trend continuation, 15pips SL on EU today had a 130pip upside.


Ofcourse you've jinxed it and it'll stop working as I've got it on!!
Its very good for intraday trend continuation, if the price opens on a new day above the pivot, chances are it'll pull back to the pivot and bounce off north, same if it starts under the pivot, pull back and bounce off south. That being said I find if the price has moved alot during the night, I only tend to go off where the price is when London opens.
  • #869
  • Jul 27, 2012 5:08pm Jul 27, 2012 5:08pm
Quoting GDR3k
Haha oh no, don't be saying that, I'll have to go back to a normal 9-5 job which pays in peanuts....
If you blew the account and had to go back to Min wage or near you'd pretty much have to shoot yourself wouldn't you.

I charge £30 per hour currently, if/when the business fails if the markets aren't in place to save my ass then I'll be on similar eccksss full days likely harder work for less than 2 hours of pay previously
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #870
  • Jul 27, 2012 5:10pm Jul 27, 2012 5:10pm
aye!! min wage is legalised slavery, not enough to live, just enough to get by.
  • #871
  • Jul 27, 2012 5:10pm Jul 27, 2012 5:10pm
Quoting GDR3k
Its very good for intraday trend continuation, if the price opens on a new day above the pivot, chances are it'll pull back to the pivot and bounce off north, same if it starts under the pivot, pull back and bounce off south. That being said I find if the price has moved alot during the night, I only tend to go off where the price is when London opens.

I had a london open method ages back, which involved waking up and stupid oclock, setting 2 orders 1 to go long >XX and vice versa works well on trend days wake up again later to profits, chop days ofcourse hmmm work well currently no doubt.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #872
  • Jul 27, 2012 5:12pm Jul 27, 2012 5:12pm
Quoting GDR3k
aye!! min wage is legalised slavery, not enough to live, just enough to get by.
Just enough to prolong the agony of getting by just barely for ever more.

Never been paid so low, well since 20, girl next door, 24 £6.20 per hour or something stupid and does 12hour shifts looking after OAP's and changing there nappys, wouldn't do that for £100 per hour let alone £6.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #873
  • Jul 27, 2012 5:14pm Jul 27, 2012 5:14pm
Quoting Turveyd
Just enough to prolong the agony of getting by just barely for ever more.

Never been paid so low, well since 20, girl next door, 24 £6.20 per hour or something stupid and does 12hour shifts looking after OAP's and changing there nappys, wouldn't do that for £100 per hour let alone £6.
Not good ey, with my previous job I struggled month on month to make ends meet and lived a pretty dire existance, quite glad they got rid of me or I wouldn't be where I am today!
  • #874
  • Jul 27, 2012 5:23pm Jul 27, 2012 5:23pm
Quoting GDR3k
Not good ey, with my previous job I struggled month on month to make ends meet and lived a pretty dire existance, quite glad they got rid of me or I wouldn't be where I am today!
That is pretty much what everyone does these days including me, 4 years back if I made £600 in a month I was happy and could do pretty much what ever i wanted ( GF had/has a good wage ), these days with £1500 i'm POOR and barely making it to the end of the month, to many debts and everything costs to damn much.

I'm just about able to keep my head above water for 2 months, maybe 3 IF any of the big contracts come off then all is nice for a while until they run out.

I'm tired I want out of business and just to trade for a living, must devote more time / energy to trading and SOON!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #875
  • Jul 27, 2012 5:29pm Jul 27, 2012 5:29pm
Stripping all the other lines out and fixing it to Orange if you want a copy after, ballsed it up so got to try again though must of took to much off LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #876
  • Jul 27, 2012 5:58pm Jul 27, 2012 5:58pm
Quoting Turveyd
Stripping all the other lines out and fixing it to Orange if you want a copy after, ballsed it up so got to try again though must of took to much off LOL
Yeah that would be cool
  • #877
  • Jul 27, 2012 6:00pm Jul 27, 2012 6:00pm
Quoting GDR3k
Yeah that would be cool
Will sort it tomorrow and post it, it's doing weird things !!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #878
  • Jul 28, 2012 6:00am Jul 28, 2012 6:00am
Just the Daily Pivot everything else removed.
Attached File(s)
File Type: mq4 PivotDaily.mq4   2 KB | 227 downloads
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #879
  • Jul 28, 2012 6:06am Jul 28, 2012 6:06am
Quoting Turveyd
Just the Daily Pivot everything else removed.
Works a treat! Cheers
  • #880
  • Jul 28, 2012 6:22am Jul 28, 2012 6:22am
Quoting GDR3k
Works a treat! Cheers
Gets rid of those annoying black lines.

You might like this 1 to, highlights all the 00's can do 50's if you want to and puts a nice big easy to see BID line to.

Change the Sub level to 100 for the Index's
Attached File(s)
File Type: mq4 SDX-SweetSpots.mq4   6 KB | 240 downloads
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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