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Pivot Trading

  • #3,841
  • Oct 10, 2016 10:13am Oct 10, 2016 10:13am
Quoting Arjun-LE1
Trying to figure out the set up for GU. We've got three 240M Candle giving long tail during Asian and London Session. Sign of rejection and buyer is accumulating ? Looking to go long. Wait for nice set up to go. Not too early, not too late..... {image}
Why risk another Swan? to me its hands off. I still have my EG shorts but have not added any new position on it.
In trading, you have to be defensive and aggressive at the same time
  • #3,842
  • Oct 10, 2016 10:24am Oct 10, 2016 10:24am
how to get the levels to match with the pivot indicator? also, where is a pic of a chart say eu to match to? can someone just post a screen shot of thier settings? would like to know where i should place my pivots thanks
  • #3,843
  • Oct 10, 2016 10:25am Oct 10, 2016 10:25am
Quoting grrbear
how to get the levels to match with the pivot indicator? also, where is a pic of a chart say eu to match to? can someone just post a screen shot of thier settings? would like to know where i should place my pivots thanks
did you look any of my charts I posted last 3pages here? TRY TO LOOK and you will find the answers for both questions since it was asked earlier.
need to see an effort 1st before baby bottle feeding

.please also read the 1st page carefully.
In trading, you have to be defensive and aggressive at the same time
  • #3,844
  • Oct 10, 2016 10:32am Oct 10, 2016 10:32am
Quoting Davit
{quote} did you look any of my charts I posted last 3pages here? TRY TO LOOK need to see an effort 1st before baby bottle feeding
all of the levels in the indicator are either red or blue by default, but everyone here shows charts with different colored lines and the lines are labeled(not in default). i am just asking someone to post a screen shot of their settings to get me started. this question comes up often and the response is always confusing, many newcomers are stuck on fiddling with the indie so cannot participate in the thread otherwise
  • #3,845
  • Oct 10, 2016 10:36am Oct 10, 2016 10:36am
Ok guys I waited patiently for E/CHF to show weakness.We got nice bear engulfing 30min close candle following by another TDI turning south nice cross.Lower TF showing Red arrows.According to my system this is high probability trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFM30.png Size: 33 KB
In trading, you have to be defensive and aggressive at the same time
  • #3,846
  • Oct 10, 2016 10:38am Oct 10, 2016 10:38am
Quoting grrbear
{quote} all of the levels in the indicator are either red or blue by default, but everyone here shows charts with different colored lines and the lines are labeled(not in default). i am just asking someone to post a screen shot of their settings to get me started. this question comes up often and the response is always confusing, many newcomers are stuck on fiddling with the indie so cannot participate in the thread otherwise
use my template.......you will get everything correct but may have to tinker with pivot level.Since you are from Canada my levels may match yours well.
In trading, you have to be defensive and aggressive at the same time
  • #3,847
  • Oct 10, 2016 10:40am Oct 10, 2016 10:40am
Quoting Davit
{quote} use my template.......you will get everything correct but may have to tinker with pivot level.Since you are from Canada my levels may match yours well.
thanks for your patience, i tried the template but the pivot indie does not load with it. so i load it manually and everything is blue/red with all default settings
  • #3,848
  • Oct 10, 2016 10:41am Oct 10, 2016 10:41am
Quoting grrbear
{quote} thanks for your patience, i tried the template but the pivot indie does not load with it. so i load it manually and everything is blue/red with all default settings
you must drop the indicators on chart before loading the template
In trading, you have to be defensive and aggressive at the same time
  • #3,849
  • Oct 10, 2016 10:45am Oct 10, 2016 10:45am
Quoting Davit
{quote} you must drop the indicators on chart before loading the template
i tried and the template removes the indie(?)
  • #3,850
  • Oct 10, 2016 10:48am Oct 10, 2016 10:48am
Quoting grrbear
{quote} i tried and the template removes the indie(?)
I see the issue
this should work. I updated 1st page.original template was based on pivot 2 but it was updated to pivot3 but forgot to update the template.My fault.Should work fine now
regards
Attached File(s)
File Type: tpl Davit pivot3.tpl   27 KB | 733 downloads
In trading, you have to be defensive and aggressive at the same time
  • #3,851
  • Oct 10, 2016 10:50am Oct 10, 2016 10:50am
bingo, thank you : )
  • #3,852
  • Oct 10, 2016 10:57am Oct 10, 2016 10:57am
So today I started steps I take for set ups for demonstration purpose how this system should be traded

1st I posted possible set up on E/CHF post 3814
2nd waited for weakness post 3816
3rd took the trade post 3845

currently up 25pips on 4 positions
strongest zone is between 61-100 pivots highest probability trades.38 zone most often happens with ranging pairs.You need to watch PA to determine if price will break through 38 or not.
Only reason I took the trade because 38R was strong R from previous swing so price did not reach 61R hence it capped the pair at 38R
You need to see these things clearly
In trading, you have to be defensive and aggressive at the same time
  • #3,853
  • Oct 10, 2016 11:02am Oct 10, 2016 11:02am
in order to get my pivots to line up with davits i used his recent uc chart for reference. i had to use the previous week (oct 3-oct 10) to get things lined up to within a few pips

this means every week i have to change the settings of the pivots for each chart they are on. can this be added to the code to be done automatically?
  • #3,854
  • Oct 10, 2016 11:07am Oct 10, 2016 11:07am
Quoting grrbear
in order to get my pivots to line up with davits i used his recent uc chart for reference. i had to use the previous week (oct 3-oct 10) to get things lined up to within a few pips this means every week i have to change the settings of the pivots for each chart they are on. can this be added to the code to be done automatically?
you only need to change 1 chart and save as template and use that template for every pair for the week hence no need to adjust each pair.
In trading, you have to be defensive and aggressive at the same time
  • #3,855
  • Oct 10, 2016 11:13am Oct 10, 2016 11:13am
Took the short trade of Eur/CHF as well @ 1.09532 .

@ Davit , what should be TP on it... any suggestions
  • #3,856
  • Oct 10, 2016 11:23am Oct 10, 2016 11:23am
Quoting Davit
{quote} you only need to change 1 chart and save as template and use that template for every pair for the week hence no need to adjust each pair.
sure, still much tedious extra work though, assuming one is not using unique templates for each pair. if one uses unique templates, ie uc is a different template than uj, in that case they would have to save the pivot settings as a .set file, but then for each chart they would still have to open the indicator and load the set file, once every week for each chart

a simple change in the code would make this automatic, or at least place a mention in the first post that the user will have to do all of these adjustments on a weekly basis or else they are using incorrect pivot lines
  • #3,857
  • Oct 10, 2016 11:25am Oct 10, 2016 11:25am
Quoting Davit
+958pips on UC now but holding for 38S at 3116 which should be great harvest of pips may not happen today ADR is already over the daily.May take few more days 130pips today last 20days 99 so it will be tough but this is Forex as Mark Douglas says "anything can happen" could be MM are taking advantage of US holiday we got huge H4 bear candle that hasn't closed yet.We could get another redH4 to follow
With you on UC - currently +750 pips on the trade. Looks like we're getting a little pull back, but this should be a strong daily close lower for UC and would anticipate some continuation.
  • #3,858
  • Oct 10, 2016 11:29am Oct 10, 2016 11:29am
Quoting grrbear
{quote} sure, still much tedious extra work though, assuming one is not using unique templates for each pair. if one uses unique templates, ie uc is a different template than uj, in that case they would have to save the pivot settings as a .set file, but then for each chart they would still have to open the indicator and load the set file, once every week for each chart a simple change in the code would make this automatic, or at least place a mention in the first post that the user will have to do all of these adjustments on a weekly basis or else...
pivot indicator adjusts automatically to every pair once you change the start end candles.Its not tedious at all.You save as template and load that on every pair you want to trade.Where is the tedious part?
you have not even started trading already see this as tedious.not giving me the confidence for you being here.
In trading, you have to be defensive and aggressive at the same time
  • #3,859
  • Oct 10, 2016 11:31am Oct 10, 2016 11:31am
Quoting mch1970
{quote} With you on UC - currently +750 pips on the trade. Looks like we're getting a little pull back, but this should be a strong daily close lower for UC and would anticipate some continuation.
awesome job I am almost certain WP will retest again this week and opportunity for dble dipping
In trading, you have to be defensive and aggressive at the same time
  • #3,860
  • Oct 10, 2016 11:36am Oct 10, 2016 11:36am
Quoting sucess4hasee
Took the short trade of Eur/CHF as well @ 1.09532 . @ Davit , what should be TP on it... any suggestions
WP at 0940 is good TP target but PA is king.
In trading, you have to be defensive and aggressive at the same time
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