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Pivot Trading

PA at R100
IB break out & double top or head and shoulder ?


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It's Friday & NFP is around.
+23 pips taken with this trade.
Quoting Dagaco
{quote} Nostromo, I follow Jarrat Davis, he is a good fundamental trader. If you find another interesting source, please let me know. Thank you.
A good resource is also Marc Chandler's blog:
www.marctomarket.com

From the presentation:
Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks.

Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. He holds master's degrees from Northern Illinois University and University of Pittsburgh in American History and International Political Economy. Currently Chandler teaches at New York University Center for Global Affairs, where he is an associate professor.

cheers
Be water, my friend
what function of these? i try to change date/month/year/time, but nothing happen, pivot still same
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you need to set broker candle to false.
Quoting jnetfx
you need to set broker candle to false.
give me error pivot
Quoting inforserve
Couple of losing trades last night. I need focus on selecting setup criteria as confluence with PA, TDI, pattern, pivot. I have been overly confident and it hit hard. {image}
My sympathies, I got caught by the same spike as well !
Quoting spocktrader
{quote} A good resource is also Marc Chandler's blog: www.marctomarket.com From the presentation: Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks. Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. He holds master's degrees from Northern Illinois University and University of Pittsburgh in American History and International...
Thanks Spock - will check it out.
Quoting inforserve
Couple of losing trades last night. I need focus on selecting setup criteria as confluence with PA, TDI, pattern, pivot. I have been overly confident and it hit hard. {image}
Me too Barry. For me. Time and time again, i see that patience and evidence via PA is king. trading short from swing high and long from swing low is often gold. throw in some pivots and wowza!

Observation: Trading live is the best book you'll ever read.
Undisciplined, impatient and unruly. Don't follow me kid.
Quoting brekz1
what function of these? i try to change date/month/year/time, but nothing happen, pivot still same {image}
Brexit. Just load it as it is and go for it friend. Don't change settings It should work ok.
Undisciplined, impatient and unruly. Don't follow me kid.
Hi Davit and everyone,

Thanks for the wonderful system. It's amazing how the price respect such levels or areas of support and resistance.

However, I have some issues with the pivot setting, I have changed the broker candle and display start and end lines to false but whenever I open the settings again it's back to square one and the pivot would changed to blue color.

Do you guys click load or save after changing the settings? I just clicked the okay. I am using Oanda GMT +2 server and according to oanda the server is aligned to the New York close and support five daily candles per week.

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This is what i'm seeing on my first and last candle of the day. So do I put 2016.07.07 23:00 as H1 start candle and 2016.07.08 23:00 as H1 close candle?

Thanks for any help
Quoting Davit
Here is an example what not to do. NU up going up like nuts.Don't sell just because you think its high.Sell when PA starts showing signs of decline and TDI starts pointing down. Look everything up.To me this could go. past 72 If you are thinking going UP on AN my advise is be careful. Aussie downgrade negative rating may still play out.Could it test the lows? Yes! 0385 38S is possibility {image}
Nice post! will keep that in mind
Quoting Cheng
Hi Davit and everyone, Thanks for the wonderful system. It's amazing how the price respect such levels or areas of support and resistance. However, I have some issues with the pivot setting, I have changed the broker candle and display start and end lines to false but whenever I open the settings again it's back to square one and the pivot would changed to blue color. Do you guys click load or save after changing the settings? I just clicked the okay. I am using Oanda GMT +2 server and according to oanda the server is aligned to the New York close...
Hi Cheng, the only blue lines I see on your chart are the Daily open lines - are you confusing those with the weekly fib pivots?
Quoting Nostromo
{quote} Hi Cheng, the only blue lines I see on your chart are the Daily open lines - are you confusing those with the weekly fib pivots?
The previous yellow pivot was because i reset and reload my pivot file.

It looks like this in the picture whenever i tweak the settings...

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Quoting Davit
Closed huge batch on UC +662pips {image}
Hi Davit I have been following this thread for a few days now, I am liking the look of it.With regard to post 1091, I am just checking I am seeing it correct, Resistance at R38 with Engulfing candle and cross of TDI= Short.Have I missed anything ?Regards Gareth
Quoting Cheng
{quote} The previous yellow pivot was because i reset and reload my pivot file. It looks like this in the picture whenever i tweak the settings... {image}
Cheng,

When you set broker candle to false you need to define the dates for the previous week yourself - it looks like your pivot week (vertical red lines) is set to the current week and the whole point is that it is the PREVIOUS week.

If you read the thread from the beginning it will be clear.
AUD/USD H1. BEOB. Small bar, but rejecting R38 and TDI turned down at time of entry. Some support around 0.7540 area that could be a trouble area. Bullish bars on H4 and D1 suggest to me this is just a possible retrace of those bars before heading north again. Target W1 pivot.

Update: closed trade for + 15 pips. This thing might want to go north. A lot of bulls around.

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Undisciplined, impatient and unruly. Don't follow me kid.
Good morning all,
Not sure if you guys realize, not only Davit himself but its actually everyone of you who gives a great inspiration for a lot of people here. I myself started trading last year and my account is still on minus, spent last week reading from the first post twice as well as backtesting. Seeing the generosity of Davit and the improvement from a lot of you its sort of giving me hope again. keeping up a good works and have a blast Monday lads!

Cheers,
Joe

ps. first ever post on ff tho
Scalping Long AJ.
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Forex trading is just like gambling, we need a lot of luck..... Good luck
Quoting Pat Chiko
Scalping Long AJ. {image}
Kipidap.
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Forex trading is just like gambling, we need a lot of luck..... Good luck
1st trade,
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unable to break pivot + PA + TDI crosses down, 1 position

could be 2nd trade but.. wait until it give a clearer signal.
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dont want to assume but the candle could close as hammer + at pivot + wait for TDI crosses


please correct me if im wrong

cheers,
Joe
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