Did you choose to go long because of the resistance from the left that flipped and became support. Also the last 4 or 5 small candles were making HLs. What else were you taking into consideration at the S38 level?
Thanks,
TX
Open Trade near Pivot line (Pivot Point) 14 replies
Weekly Pivot to Pivot Trading 19 replies
The Pivot Net Revisited (Weekly Pivot Net) 41 replies
Help with daily pivot, weekly pivot on MT4 3 replies
Pivot high - Pivot low MT4 3 replies
Disliked{quote} Hi friend welcome! We known each other years here and glad you are giving it a try.You'll find with your knowledge of TA and Price action this method will result in easy pips harvested. green pipsIgnored
Disliked{quote} One way to feel more comfortable is reducing your lot size and entering on differing price points averaging out your entries.Instead of 1 lot you could trade .25x4 at different levels. This is important because we are dealing with moving target price can reverse at 61R but could push to 78R and 100R had you placed your full lot at 61 then chances are you would have taken the loss when PA went to 78 however by averaging it out you turn the adds in your favor There is another advantage as well. Should PA change after you entered .25 and you...Ignored
Disliked{quote} Hi Davit, thanks very much for the encouragement It's great transparent thread you have, been watching it on and off for a while now and I'm sure myself and many others will find it very useful Great place to contribute, thanks again and wishing you and all lots of green pips.Ignored
Disliked{quote} lets pile those pips Looking for EA to bounce possibly to 38R then I may reload shorts with more power since now I have no DD positions on this pair. {image}Ignored
Disliked{quote} lets pile those pips Yeahh we shrug off the misfires and plow ahead.I had my shares but keep looking forward. Regards Looking for EA to bounce possibly to 38R then I may reload shorts with more power since now I have no DD positions on this pair. {image}Ignored
Disliked{quote} Right, yep looks very good. I like the stuttered 1hr PA coming down to the current 38R then the longer candle breakthough, classic support turned resistance indicator. Retest looks good to short. EC still going well. Have got into GC also this morning {image} {image} {image}Ignored
Disliked{quote} Looks good.I do recommend using my template from this thread page 1.I no longer use any MA's.In essence this thread is pure Price action with pivots as guides and TDI as supporting roll.I think that's enough tools.If you feel more comfortable with my old template that's fine I have no objections. UC was looking great short earlier today but frankly I bought way too much Cad crosses and didn't want more of it. green pips {image}Ignored
Disliked{quote} Just confirming the difference between the templates is just the MA?Ignored
Disliked{quote} just noticed your Pivot prices are different to mine, My broker uses NY close timeIgnored
Disliked{quote} Download my template with same indicators and pivot then retry page 1 see if that makes a difference (make sure its on weekly) 10pips off is acceptable more its notIgnored
DislikedEU should be close to 1235 most online sites are same and I know how price is stuck there pivot location is true. If you are off too much you can play with this settings Set brokers candle to FALSE. This was the trick/key to being able adjust the pivots up and down for me. Set the week to latest week on Choose H1 start candle/finish candle as follows: 'Choose H1 start candle': 2016 06 19 05:00 'Choose H1 finish candle': 2016 06 24 05:00 (5.00 a.m. may not work on your chart so try different hours till pivots line up). Fiddle with the hour on your...Ignored
DislikedDavit, Still in EC trade from post #2596. Anticipating a bounce off R38 to add another position. Closed EA at close of trading day with 310 pips. Thank you Davit for sharing your trading methodology to all that are willing to put in the necessary time and commitment to learn something new. I realize that this is only the beginning; however, I will continue to study your charts and those of Arjun and will eventually feel very comfortable within the framework of trading your methodology. I sincerely appreciate your willingness to share, TX {image}...Ignored
Disliked{quote} Congrats for great start.Lot of guys wished they made the pips you did. I am also EC shorts still. keep up the good workIgnored
Disliked{quote} Congrats for great start.Lot of guys wished they made the pips you did. I am also EC shorts still. keep up the good workIgnored
Disliked{quote} Davit, the EA got to be kind of a rough ride during the night. Did you stay on the bull and ride it out? Later, TXIgnored