4hr Heiken Ashi Strategy with Pivot Points

Yes, long. Entered on the red line, closed on the next candle. Could've stayed in by the looks of it.
EDIT: I could've sworn the monthly pivot was below that weekly of the same color.

may i ask which indictor on the bottom of your chart?
Thanks!

That's the TDI single, from the first post on the first page.

Cheers

Was thinking about going short on GOLD, I wish the price had reached the weekly first though. But it stopped a bit below that. Wasn't sure if it was a good idea to jump on there.

Took a long on the CADJPY about 3am or so British time, lost, still in EURCAD, looking like a nice trade, EURAUD looking short, lok for shorts off the weekly pivot and red candle. NZDUSD could very likely go short off the monthly pivot and it fits in with it's behavior.

Short.

I'm in on that as well. I found that the best trades usually occur near monthly or better yet monthly and weekly pivots in the same area or close to each other.
A quick question though - why aren't you using the full TDI? Also do you consider the high impact news?

The ethos of the strategy is simplicity, so just the one line makes it simpler, but also, I'm not looking for one line o cross the other, I use it to look for divergence. On the TMS thread they look for a candle colour change and a line cross.

I don't consider the news at all, that is one of the reasons I use the 4hr chart, on occasion the NFP might bugger things up, but more often than not it wont, so again it's for simplicity.

Short EURAUD

Getting lower lows, and lower highs, coming of weekly pivot point, and divergence.

Closed EURCAD at last night's market open.

EURAUD going in the right direction.

Short on EURGBP.

Also looking for a signal on EURUSD.

Regarding the indicator "TDISingle.mq4", what's your rsi setting? 21 period or 13 period?
in "trading made simple", i believe they use 13 period, do you use 21 or 13 period?
Thanks!

hello,
i like to add my 2 cents to this thread, i added alerts to montlypivotline , i have never uploaded something, i hope it works

now will do the same for weekly

ok, monmkey see monkey do, here are alerts on weekly pivots, i hope it helps catching your trades, i will see if i can advance it some more giving it a pre warning, like it is within xpoints of a level, that could be another way of trading these pivots( they attract price to them, one could take trades at say 25 pips from pivot and then stack multiple trades on top of eachother towards the pivotline, say you take 5 trades 25 pip away from the pivot and end up with 125 pip. Thank you Bushy for inspiration on this topic.

Somthing to think about is that we only get alerts between london open and 2 hours after, newyork open and 2 hours later, i will see if I can give you this options too, maybe another programmer will beat me to finish this.

i looked at the code and see 21

that's what i'm talking about, i think the default setting for tdi should be 13, since Bushy doesn't give the template for us to download, so it's a question: do we use the default 21 or 13 i saw in other threads?

The code says 21, you can open the indicatorfile in a texteditor or in the metatrader editor, see picture.

I can change the indi with the option to change the period

When you attach it to a chart you can already change the period to 13 on the inputs tab: see picture

With the indicator, don't use it as de facto, just use it for guidance, I generally use it only to look for divergence, when I'm trading off two peaks or troughs, I look at my indicator to see if there is divergence, if there is it's an extra sign that the trade will head in the direction you're looking for, it could even be another indicator, stochastic, even MACD!!! use whichever you choose but understand it and learn what it tells you in the circumstances you're using it in.

Quick update.

NZDUSD short, went the other way, stopped out.
EURUSD short, not making much progress, but looks promising.
EURGBP, taken some profit, not sure what will happen there after that spike, spike don't necessarily mean a reversal especially if it's in the direction the market was heading. so if it turns around the trade will give me about break even, if it keeps going happy days.
EURAUD, taken some profit, hoping for more.

CADJPY looks like a setup, but if you look at the daily and weekly chart, it's at the bottom of a range so could easily go bullish like the NZDUSD did.

Excellent system