As simple as possible: 00 level trading

Bump, admin is vetting my posts as I'm new and this thread moves so fast that it was pages back before it appeared. Hope this OK.

Hi guys,

Only took three trades today, all positive. London closed, so I am done for today.

See u tomorrow, stay green.

USDCAD TP +6.1

USDJPY TP 5.5

the last one, see you in Asian Session
GBPJPY TP +5.3

It looks like you picked up Master's approach quite well.

What is your reason for wanting to have a time shift on a daily pivot???

Just use the daily pivot the way it was intended.

The pivot is simply calculated as follows: (previous high + previous low + previous close) / 3 with respect to the time frame of interest.

ps. By definition the pivot is calculated on the previous days data (for a daily pivot) so which day in the past are you interested in having your pivot calculated (default is 1 day previous). You can choose any day in the past you wish to calculate the pivot and there are indicators that allow this however you can simply open the data window, go to the previous day in the past that interests you, set a daily candle chart and mouse over the candle of your choice and read off the numbers in the data window then apply these values to the formula I provided above.

This will give you the price level and then you simply draw the line on your current chart at whatever TF you choose.

To me a pivot point is a level to be watched and the more instances I observe price action approach the pivot point the more of interest it becomes.

Good trading,

Masterrmind...........

MM whats on your radar?

Trade #1

USDJPY +5 TP



Masterrmind...........

UJ but that just hit TP as above.............

Masterrmind............

NICE!!!

morning fellow seekers of knowledge,wit and fortune ... hers a pivot calculator for you http://www.babypips.com/tools/forex-...pivotpoint.php

hi guys,

why is it my absolutestrength v1.1 is in line graph? and my mtf ash is all red? am i missing something here?

Nice pin bar to the left and TP in recently tested area (albeit on the previous day) and an obvious down trend.

Rinse and repeat on these trades

Straight forward trading

Good trading,

Masterrmind...........

Mm what are your setting for wukar trail

Settings are as follows:



Note that I do not use BE or the TS functions which for me I set = False (I am not suggesting that anyone else do this)

Note: sometimes I modify the TP to 6 pips (I am not suggesting anyone else to do this)

It is best to use BE and TS functions until you become "good" at this method! It is insurance afterall..........

Masterrmind...........

UNDERSTOOD, THANKS!!!

Hello friends
USDJPY TP +5

Trade #2

EURJPY +5 TP



Comment: Done for day!

Bonus trades up next.

Masterrmind..........

who said the Asian session was not good for trading ....
Greetings.