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Pivot Trading

  • #3,441
  • Oct 2, 2016 7:38pm Oct 2, 2016 7:38pm
can any one could clarify what setting should be for gulf region for the pivot
  • #3,442
  • Edited 8:28pm Oct 2, 2016 8:15pm | Edited 8:28pm
Good morning Davit, can you post any todays chart with refreshed pivot levels?
I want to make sure my pivot level is matched again this week. Because mine was no changed from last week, so im afraid i have to manual adjust again every week.


below is my GU chart with the updated pivot level (manual adjust)
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 47 KB
  • #3,443
  • Oct 2, 2016 8:48pm Oct 2, 2016 8:48pm
Quoting varshney
can any one could clarify what setting should be for gulf region for the pivot
Evening Varshney,

I will do my best to assist you, as I know it can be very frustrating to initially get Davit's Pivots tweaked correctly for your specific time zone. The MT4 platform is built to form candles based on GMT, and cannot be changed. However, brokers can determine time on their servers. My broker’s MT4 USD servers are set to GMT+2, and GMT+3(daylight savings). This means when it is 9:00am ET the candle on MT4 will be 7 hours ahead at 16:00. The day candle will form a new candle at 5pm ET (New York close) which will be 0:00 GMT on the MT4 platform. The first question that you need answered is whether or not your broker is willing to determine the necessary time on their servers to meet your needs, which is essential in order to recognize the New York (EST) open and close times. Davit already lives in the EST zone, which certainly simplifies his settings, and I live in the CST zone. I am going to attach the settings for our upcoming week for my time zone which will serve as a basis for you to contrast with yours.

Once the correct settings are established, it will be a simple process from that point forward,
TX

Attached Image
  • #3,444
  • Oct 2, 2016 8:51pm Oct 2, 2016 8:51pm
sir
thanks a lot for the clarification.
  • #3,445
  • Oct 2, 2016 8:54pm Oct 2, 2016 8:54pm
Hey Varshney,

This is the screenshot that I intended to attach.

Sorry,
TX
Attached Image
  • #3,446
  • Edited 9:44pm Oct 2, 2016 9:23pm | Edited 9:44pm
Quoting dnl
Good morning Davit, can you post any todays chart with refreshed pivot levels? I want to make sure my pivot level is matched again this week. Because mine was no changed from last week, so im afraid i have to manual adjust again every week. below is my GU chart with the updated pivot level (manual adjust) thanks {image}
Hi dnl
In my case re. the WP, every Monday morning when I turned ON the laptop, I jz switch the chart to any TF, and return back to original TF.
And voila.. pivot level adjust automatically..
I set the pivot based on broker's candle.. (TRUE).. hope that help..
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #3,447
  • Oct 2, 2016 9:53pm Oct 2, 2016 9:53pm
Hi DNL,

I expect Davit to come on board any minute, and as you, I always like to compare my chart with the first chart that Davit posts. I am using Davit's Vol. 3 as a result of the work Nico did on our behalf of tweaking the code. I adjusted the dates today, and plan to do so each Sunday forward. Compared my pivot values to yours and discovered a discrepancy. Attached my chart for comparison.

Later,
TX
Attached Image (click to enlarge)
Click to Enlarge Name: DNL.jpg Size: 176 KB
  • #3,448
  • Oct 2, 2016 10:12pm Oct 2, 2016 10:12pm
Quoting andy_l
{quote} Hi dnl In my case re. the WP, every Monday morning when I turned ON the laptop, I jz switch the chart to any TF, and return back to original TF. And voila.. pivot level adjust automatically.. I set the pivot based on broker's candle.. (TRUE).. hope that help..
 I have to set manual Andy, if i dont my pivot missed more than 20pips compared to Davit's.
I just want to make sure my manual setting is close to Davit's for this week so i know this is the right setting for me every week from now.
  • #3,449
  • Oct 2, 2016 10:15pm Oct 2, 2016 10:15pm
Quoting Tx15
Hi DNL, I expect Davit to come on board any minute, and as you, I always like to compare my chart with the first chart that Davit posts. I am using Davit's Vol. 3 as a result of the work Nico did on our behalf of tweaking the code. I adjusted the dates today, and plan to do so each Sunday forward. Compared my pivot values to yours and discovered a discrepancy. Attached my chart for comparison. Later, TX {image}
Hi TX, yes lets wait from Davit.
I already adjust mine. My last week setting was close enough. 
  • #3,450
  • Oct 2, 2016 10:15pm Oct 2, 2016 10:15pm
Quoting Davit
{quote} Hi Dennis welcome TDI is just regular.I changed the settings to suit my system and better response then default.Any TDI will work.TDI is RSI+MA important part is in the settings. regards
Yes used to use RSI with different setting against pivot anylisis works fine
  • #3,451
  • Oct 2, 2016 10:32pm Oct 2, 2016 10:32pm
Hey DNL,

My eyesight is not what it used to be, and I am constantly challenged to read the ridiculously small font of the prices on far right side scale. How did you make the font larger on your charts?

Thanks,
TX
  • #3,452
  • Oct 2, 2016 10:43pm Oct 2, 2016 10:43pm
Quoting Tx15
Hey DNL, My eyesight is not what it used to be, and I am constantly challenged to read the ridiculously small font of the prices on far right side scale. How did you make the font larger on your charts? Thanks, TX
maybe you are using full HD or 4k resolution?
i only use a cheap 8" windows tablet
  • #3,453
  • Edited 10:47pm Oct 2, 2016 10:44pm | Edited 10:47pm
September attached. Out of respect for Davit I am posting results. I make a lot of mistakes, and a lot of poor choices. And, I am not a good one to follow. But, for what it is worth, I am still mainly scalping around the 61-100R/S levels, and trade heavier in the second half of the week. I also try to close everything by the end of the day, which frames the setups I will go after. Always trade a basket, with multiple entries and exits, but that has more to do with timidity than good trading (better average entry price), and seems to get me into trouble (read: drawdown stress) as often as it gets me out. Pretty much do not trade mondays. Look for ADR to be extended. Aswell as candle patterns, harmonics, and TDI confirmation (preference for divergence over cross). Don't trade news. Fundamentals framing everything, and again I greatly appreciate everyone here for their perspectives and input on the fundies. It is a daily war. Peace.
Attached Image(s) (click to enlarge)
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  • #3,454
  • Oct 2, 2016 10:44pm Oct 2, 2016 10:44pm
Quoting Dennis1468
{quote} Yes used to use RSI with different setting against pivot anylisis works fine
Love motorcycles and had many sportbikes VTR1000 VFR800 FZ600 now CB750 my favorite so far was VFR800 that gear driven cams V4 engine was a beast.Honda stopped making gear driven bikes too expensive.They last a long time and sound amazing
noticed your avatar.

Guys my pivots are not yet refreshed and I promise I will post as soon as it does.I noticed generally they refresh Monday and here its still sun night
not much happening in the markets yet anyway.
In trading, you have to be defensive and aggressive at the same time
  • #3,455
  • Edited 11:07pm Oct 2, 2016 10:56pm | Edited 11:07pm
Quoting jnetfx
September attached. Out of respect for Davit I am posting results. I make a lot of mistakes, and a lot of poor choices. And, I am not a good one to follow. But, for what it is worth, I am still mainly scalping around the 61-100R/S levels, and trade heavier in the second half of the week. I also try to close everything by the end of the day, which frames the setups I will go after. Always trade a basket, with multiple entries and exits, but that has more to do with timidity than good trading (better average entry price), and seems to get me into...
Welcome back Jnetfx
Great result! I am glad that you are aware areas that needs improving in your trading.As long as you are aware I am sure you will work on them.
Keep up the good work.One way to reduce stress is to lower your lot size.To me its the key.Focus its not sprint but marathon run and many lunch breaks in between stops.
As long as I hit 10%+ a month I am relaxed no stress and my equity is growing.Do that for 2 years consistently and watch your equity sky racket.What you should not do get greedy and give back hard earned profits and start again and that consumes time which we all don't have enough of.I think you got talent keep it up.
Cheers buddy
In trading, you have to be defensive and aggressive at the same time
  • #3,456
  • Oct 2, 2016 11:07pm Oct 2, 2016 11:07pm
Good day pivoteers,

I had a bit of spare time and thought of editing Trading in the zone audiobook into chapters. As most of us spent majority of our time commuting I thought it would be easier to just remember and skip to the chapter where you left off the last time.

Its 11 chapters compressed into a zip file.

https://drive.google.com/open?id=0B2...TlzODdhMlFXZ1U

Best regards
  • #3,457
  • Oct 2, 2016 11:10pm Oct 2, 2016 11:10pm
Quoting MrAussieFX
Good day pivoteers, I had a bit of spare time and thought of editing Trading in the zone audiobook into chapters. As most of us spent majority of our time commuting I thought it would be easier to just remember and skip to the chapter where you left off the last time. Its 11 chapters compressed into a zip file. https://drive.google.com/open?id=0B2...TlzODdhMlFXZ1U Best regards
You deserve a trophy for your good work
thank you


Still waiting for the gap to close on EG

Guys AC will break 100 back to 99 to 98 Its moving down same with NC something I thought worth sharing.These 2 pairs needs time and patience.Does not work out right away and may take few weeks.Consider your swap fees if its worth for you.
In trading, you have to be defensive and aggressive at the same time
  • #3,458
  • Oct 2, 2016 11:20pm Oct 2, 2016 11:20pm
Quoting Davit
{quote} You deserve a trophy for your good work thank you Still waiting for the gap to close on EG Guys AC will break 100 back to 99 to 98 Its moving down same with NC something I thought worth sharing.These 2 pairs needs time and patience.Does not work out right away and may take few weeks.Consider your swap fees if its worth for you.
Attached Image (click to enlarge)
Click to Enlarge Name: Pivot Trading with TDI Page 173 Forex Factory.png Size: 103 KB


Best regards
  • #3,459
  • Oct 2, 2016 11:27pm Oct 2, 2016 11:27pm
My pivots just got updated
Here is EA and you do one and everything else should work
and AU
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDUSDH1.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #3,460
  • Oct 2, 2016 11:42pm Oct 2, 2016 11:42pm
Quoting Davit
My pivots just got updated Here is EA and you do one and everything else should work and AU {image} {image}
Thanks Davit.
mine was beautifully match to yours.. (2-4 pips div only)
now i know that i need to adjust mine every monday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 43 KB
Click to Enlarge Name: AUDUSDH1.png Size: 48 KB
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