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TMS for M30 charts

  • #9,721
  • Nov 1, 2015 7:04am Nov 1, 2015 7:04am
Quoting Dridzz
What is Davit style that some members refer to ?
It's multiple entries
Appreciation is the key to wealth and happiness
  • #9,722
  • Edited 7:59am Nov 1, 2015 7:20am | Edited 7:59am
Thanks for the video GS. Let me share a story with you:

There once was a man (John) with a wife (Linda) and two kids living in California, USA. John and Linda both worked and made about $12000.00 a month. John got interested in trading. After many years of sweat and tears, he finally started to make money in trading. John saved and grew his trading account to a point that he started to replace his income. So John quit his job and became a full-time trader. After a while John took out his retirement money and added it to his trading account. Now his trading account stood at $400,000.00 and he was making a return of 5% per month so his monthly income grew to $20,000.00 per month. Linda quit her job as well.

As their income grew so did their spending habits. Bigger house, shiny new BMW, Big boat, HD motorcycle and nicer everything. Now fast forward ten years. John continued to make 5% per month. After 10 years of trading, John is completely burnt out and hates to trade, yes it will happen. He needs a minimum of $20,000.00 to continue living his current lifestyle. If he had compounded part of his winnings for those 10 years and reduced his spending habits, he could have retired by now.

"Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it."

Albert Einstein
Trading can't be taught but it can be learned
  • #9,723
  • Nov 1, 2015 11:08am Nov 1, 2015 11:08am
We have our tools here only about price

EURUSD-D1..What will happen no one knows. But a good scenario to gain experience.
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #9,724
  • Nov 1, 2015 3:25pm Nov 1, 2015 3:25pm
shorting NU. after 50-70 pips.
Attached Image (click to enlarge)
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  • #9,725
  • Nov 1, 2015 4:39pm Nov 1, 2015 4:39pm
Quoting awcharts
shorting NU. after 50-70 pips. {image}
Pivot is at 6780 should it fail next stop is at 6844
Should come down and test 6610 100S but could take some time.Feds threat of IR hike is mid Dec and DEC should be all out USD bull.
Anyway just sharing my thought process
regards
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In trading, you have to be defensive and aggressive at the same time
  • #9,726
  • Nov 1, 2015 5:03pm Nov 1, 2015 5:03pm
Davit,

I use the same Pivot indicator you provided. Not sure why your pivot point is 45 pips higher than where mine is.
Attached Image (click to enlarge)
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  • #9,727
  • Nov 1, 2015 5:11pm Nov 1, 2015 5:11pm
Quoting awcharts
Davit, I use the same Pivot indicator you provided. Not sure why your pivot point is 45 pips higher than where mine is. {image}
Yes that's significant difference.I suspect your broker time is different.Mine is Oanda from NY East Coast.
I don't know honestly how that can be corrected.I suspect you are in West coast 5hrs behind and everything is sort of lagging behind.
Someone at FF modified my indi and try this see if it makes a difference
Attached File(s)
File Type: mq4 PhatPivotV1_Dav.mq4   9 KB | 404 downloads
In trading, you have to be defensive and aggressive at the same time
  • #9,728
  • Nov 1, 2015 5:56pm Nov 1, 2015 5:56pm
Quoting Davit
{quote} Yes that's significant difference.I suspect your broker time is different.Mine is Oanda from NY East Coast. I don't know honestly how that can be corrected.I suspect you are in West coast 5hrs behind and everything is sort of lagging behind. Someone at FF modified my indi and try this see if it makes a difference {file}
Just tried, its still showing the same pivot points as before and still different than yours. I am in the West coast and uses FXCM. thanks for trying to help.
  • #9,729
  • Nov 1, 2015 6:25pm Nov 1, 2015 6:25pm
Quoting awcharts
{quote} Just tried, its still showing the same pivot points as before and still different than yours. I am in the West coast and uses FXCM. thanks for trying to help.
Interestingly PA is having resistance at 6780
which happens to be my pivot
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,730
  • Nov 2, 2015 12:01am Nov 2, 2015 12:01am
Quoting Davit
{quote} Interestingly PA is having resistance at 6780 which happens to be my pivot {image}
I just realized due to my broker start time that my pivots are different as well. It would be great if a coder could add a feature so the pivot indicator shows the same levels as Davit's chart. Either by having an option to manually input custom start time or have it automatically use NY East Coast time.This way we will all be seeing the same thing. I am guessing that in order to make any changes to the indicator we may need the ex4 files on it.
Trading can't be taught but it can be learned
  • #9,731
  • Nov 2, 2015 1:32am Nov 2, 2015 1:32am
Quoting Pipsninja
{quote} I just realized due to my broker start time that my pivots are different as well. It would be great if a coder could add a feature so the pivot indicator shows the same levels as Davit's chart. Either by having an option to manually input custom start time or have it automatically use NY East Coast time.This way we will all be seeing the same thing. I am guessing that in order to make any changes to the indicator we may need the ex4 files on it.
As they stay the same all week, you could look on a broker that has that start time, and mark the pivots on your own broker with horizontal lines.
  • #9,732
  • Nov 2, 2015 1:40am Nov 2, 2015 1:40am
GJ H1 trade
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  • #9,733
  • Nov 2, 2015 1:42am Nov 2, 2015 1:42am
Quoting lastingwell
{quote} As they stay the same all week, you could look on a broker that has that start time, and mark the pivots on your own broker with horizontal lines.
Thanks for your suggestion. I already trade using 3 different brokers to split up my funds so I didn't want to download another MT4 platform but your suggestion seems like the best solution so far. I am going to put a request in the Platform Tech section see if any coder could help us there.
Trading can't be taught but it can be learned
  • #9,734
  • Nov 2, 2015 1:45am Nov 2, 2015 1:45am
Quoting Pipsninja
{quote} I just realized due to my broker start time that my pivots are different as well. It would be great if a coder could add a feature so the pivot indicator shows the same levels as Davit's chart. Either by having an option to manually input custom start time or have it automatically use NY East Coast time.This way we will all be seeing the same thing. I am guessing that in order to make any changes to the indicator we may need the ex4 files on it.
Found it
Attached File(s)
File Type: ex4 Pivot 3.ex4   24 KB | 402 downloads
In trading, you have to be defensive and aggressive at the same time
  • #9,735
  • Nov 2, 2015 1:51am Nov 2, 2015 1:51am
My weekly pivot on NU is back to 6735 same as Awcharts so I think everyone is on same page.
difference could be my broker's feed and how the indie is programmed.If its off by 5-10pips its fine.I checked many pivot sites and none have the same exact number but within 10pips is acceptable.
Important factor is how PA is being played out and TDI
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,736
  • Nov 2, 2015 1:51am Nov 2, 2015 1:51am
Quoting Davit
{quote} Found it {file}
Thanks Davit, your broker start time is 5 pm NY time, right? Just making sure.
Trading can't be taught but it can be learned
  • #9,737
  • Nov 2, 2015 1:54am Nov 2, 2015 1:54am
GA +65
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Trade with 60
  • #9,738
  • Nov 2, 2015 1:55am Nov 2, 2015 1:55am
Quoting Pipsninja
{quote} Thanks for your suggestion. I already trade using 3 different brokers to split up my funds so I didn't want to download another MT4 platform but your suggestion seems like the best solution so far. I am going to put a request in the Platform Tech section see if any coder could help us there.
Its the mq4 file that Davit originally posted that you need for changing the code. Unfortunately I'm not a good enough coder to be able to do it myself.
  • #9,739
  • Nov 2, 2015 2:00am Nov 2, 2015 2:00am
This is what I am showing Davit. We are on the same page. I guess on the start of a new week due to different broker start time the indicator may show different levels and then catches up.

"Its the mq4 file that Davit originally posted that you need for changing the code. Unfortunately I'm not a good enough coder to be able to do it myself."

Thanks lastingwell.
Attached Image (click to enlarge)
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Trading can't be taught but it can be learned
  • #9,740
  • Nov 2, 2015 2:02am Nov 2, 2015 2:02am
Quoting Pipsninja
{quote} Thanks Davit, your broker start time is 5 pm NY time, right? Just making sure.
yes
In trading, you have to be defensive and aggressive at the same time
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