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Pivot Trading

  • #4,441
  • Oct 27, 2016 6:16am Oct 27, 2016 6:16am
Quoting andy_l
Short UJ ATM. Price @ R78, follow PA..
TDI starting to bend south strong level R78
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,442
  • Oct 27, 2016 6:25am Oct 27, 2016 6:25am
pivoters, heres my modded pivot indicator. on my last update have i added the pivot price label.
while waiting Griffinssoul to build the new Davit pivot maybe you can try this lil'mod.
the alarm notification only works like the original at 38,61 and 78.. i havent touch the alarm code..

please forgive my bad english.
Davit, if you dont like this, no problem.. ill delete my post ASAP.
i just trying to help with this.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH4.png Size: 45 KB
Attached File(s)
File Type: ex4 Auto-Pivot_Plotter_Weekly_V2__1_dnlMOD.ex4   39 KB | 372 downloads
  • #4,443
  • Oct 27, 2016 7:01am Oct 27, 2016 7:01am
Quoting dnl
pivoters, heres my modded pivot indicator. on my last update have i added the pivot price label. while waiting Griffinssoul to build the new Davit pivot maybe you can try this lil'mod. the alarm notification only works like the original at 38,61 and 78.. i havent touch the alarm code.. please forgive my bad english. Davit, if you dont like this, no problem.. ill delete my post ASAP. i just trying to help with this. {image} {file}
thanks friend will check it out.You said its little buggy...will test it out
thanks again
In trading, you have to be defensive and aggressive at the same time
  • #4,444
  • Oct 27, 2016 7:11am Oct 27, 2016 7:11am
Quoting Davit
{quote} thanks friend will check it out.You said its little buggy...will test it out thanks again
i have use it since last week, it works well.. the notification is only works on pivot, sr1, sr2 and sr3 its the default but i change the label from S/R123 to S/R38,61,78... to match your style.

if you find any error please let me know..
  • #4,445
  • Oct 27, 2016 7:42am Oct 27, 2016 7:42am
Quoting Davit
{quote} Welcome You shouldn't have deleted your posts. I usually come down hard on traders for being lazy not reading the material and lying about experience. I honestly don't want to work with new traders with less then 2yrs experience because you will lose money.Don't want any part of that. There is no set rules about taking profit sometimes market goes 200pips sometimes just 50 you must read PA to gauge that.Generally next pivot is good TP Stop loss is up to you.My SL's are large sometimes up to 100-300pips.That's my preference but does not need...

Hi Davit,

I hope you don't mind adding to benadil Question.

I find the question is interesting and valid for this thread.

I will use live trade example I'm in today. Chart enclosed.

Pairs : GBPAUD.

Time Frame : Daily and 240M.

Set up : Daily TF Chart. Look at yesterday candle. You can tell price is bullish and bounce off S138 ( Monthly PP). There is four days candle bounce off this S138. Observe the last two daily candle, just shy minute pips touching S138.

Yesterday candle really gives us clue for today. That's why i went for half lot to trade as it is triple AAA set up. I walyes look forward to this kind of set up.

Entry / Trade: Using 240M TF. Price is approaching Weekly PP. Already with 5 bull candle yesterday, Price pause to catch breath before continuing its up move.

The three indecision candle is where demand zone is ( just below the Weekly PP).

Where to exit ? : R38 is where resistance is for 240M and Daily TF. ( Look at the chart attached).

What if price fail to go up. : I will loose 40 pips SL. from point to entry. ( that's is my risk factor and candle swing.)

Good observation of Price Action in relation to Pivot Point will definitely help your trading.

Spend the next 30 days observe LIVE Chart and note what you see ( WHAT YOU SEE is not what you think).

What is candle is doing around PP. ( Weekly or Monthly), observe. You will accelerate you learning curve.

All the Best

Sincerely

Arjun
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 240M.jpg Size: 97 KB
Attached Image
Let all the living things live blissfully
  • #4,446
  • Oct 27, 2016 7:54am Oct 27, 2016 7:54am
Daily TF USD JPY.

Reason of going LONG.

I will post 240M TF chart, later ( If I got time)

Anyone can guess where is the likely area to get out ?
Attached Image (click to enlarge)
Click to Enlarge Name: USD JPY Daily.jpg Size: 90 KB
Let all the living things live blissfully
  • #4,447
  • Oct 27, 2016 8:10am Oct 27, 2016 8:10am
Quoting Arjun-LE1
Daily TF USD JPY. Reason of going LONG. I will post 240M TF chart, later ( If I got time) Anyone can guess where is the likely area to get out ? {image}
Hi Arjun you are seriously off on the pivot
Check it please
Based on current level this should get exhausted at 100R 10493 and may not even reach that high
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,448
  • Edited 8:35am Oct 27, 2016 8:21am | Edited 8:35am
Quoting Davit
{quote} Thanks buddy on me GS I have a favor to ask you Would it be possible combining these 2 indicators.Like the idea of pivots going back a little like in the image. take a look see if its possible. Below is just 2 indicators on top of each-other but rather have 1 indicator doing it.Notice one of them does not have 78 which to me is critical level.Higher numbers are less important since they don't get hit often.Also love the lines to touch the price on right as in the original indicator you worked on. If its PIA how...
Oh my, you opened my eyes Davit with the screenshot. I completely missed the option for the short line for Davit's pivot indicator !!!
I already have what you ask for long time.
Only it was ugly as both pivots messing with each other, thus I did not share it. Fixed now with the short line option.

There is some more customization added:
- added missing pivot levels
- your colors built in
- customizable e-mail/popup for specific levels only (default: 61, 100)
- optionally "invisible" when changed to high TF (D1, W1, MN1) - killing eyes, but indicator still active - sends e-mail/pop-up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-10-27 1501 [GBPUSD,H4].png Size: 38 KB
Click to Enlarge Name: 2016-10-27 [GBPUSD,H1].png Size: 43 KB
Click to Enlarge Name: 2016-10-27 1508[GBPUSD,Weekly]_invisible_mode_welcome.png Size: 53 KB
Attached File(s)
File Type: mq4 Auto-Pivot_Plotter_Weekly_V2__2.mq4   20 KB | 494 downloads
buying tops / selling bottoms
  • #4,449
  • Oct 27, 2016 8:26am Oct 27, 2016 8:26am
Quoting Davit
{quote} Hi Arjun you are seriously off on the pivot Check it please Based on current level this should get exhausted at 100R 10493 and may not even reach that high {image}
Hi Davit,

nice to see you here.

Hope everything goes well with your new job training.

Thanks for pointing the PP.

The above chart is Daily TF with Monthly PP. I used that to see overall price structure, not to trade.

Usually I trade using 240M TF and/or 60M TF using Weekly PP.

All my trade based on Weekly TF only. See the attached 60M chart of the same pairs with identical PP with your Weekly PP.

Note : I put a note on my Daily Chart states the use of Monthly PP.

Regards

Arjun
Attached Image (click to enlarge)
Click to Enlarge Name: USD JPY 60M.jpg Size: 93 KB
Let all the living things live blissfully
  • #4,450
  • Oct 27, 2016 8:35am Oct 27, 2016 8:35am
Quoting voty
{quote} Oh my, you opened my eyes Davit with the screenshot. I completely missed the option for the short line for Davit's pivot indicator !!! I already have what you ask for long time. Only it was ugly as both pivots messing with each other, thus I did not share it. Fixed now with the short line option. There is some more customization added: - added missing pivot levels - your colors built in - customizable e-mail/popup for specific levels only (default: 61, 100) - optionally "invisible" when changed to high TF (D1, W1, MN1) -...
Voty great job
Only issue for me is price labels and pivot labels not showing on mine.I tried refreshing different TF but nothing.
In trading, you have to be defensive and aggressive at the same time
  • #4,451
  • Oct 27, 2016 8:37am Oct 27, 2016 8:37am
Quoting Arjun-LE1
{quote} Hi Davit, nice to see you here. Hope everything goes well with your new job training. Thanks for pointing the PP. The above chart is Daily TF with Monthly PP. I used that to see overall price structure, not to trade. Usually I trade using 240M TF and/or 60M TF using Weekly PP. All my trade based on Weekly TF only. See the attached 60M chart of the same pairs with identical PP with your Weekly PP. Note : I put a note on my Daily Chart states the use of Monthly PP. Regards Arjun {image}
Got to run to work guys.Thanks for your inputs! Really appreciated!See you guys later

Green pips all.
Still short on UC may reach 3340 by the end of day.
In trading, you have to be defensive and aggressive at the same time
  • #4,452
  • Oct 27, 2016 8:46am Oct 27, 2016 8:46am
Quoting Davit
{quote} Got to run to work guys.Thanks for your inputs! Really appreciated!See you guys later Green pips all. Still short on UC may reach 3340 by the end of day.
Take care Buddy.

Pray for your success in work and your family.

Appreciate your great works here.

Davit

Sincerely

Arjun
Let all the living things live blissfully
  • #4,453
  • Oct 27, 2016 8:47am Oct 27, 2016 8:47am
The easier set up.

Set Up : Daily TF.

Entry : 240M TF.

EUR JPY Long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR JPY Daily.jpg Size: 71 KB
Click to Enlarge Name: EUR JPY 240M.jpg Size: 75 KB
Let all the living things live blissfully
  • #4,454
  • Oct 27, 2016 9:13am Oct 27, 2016 9:13am
This is Doubtful Trade I took. Not all my trade as easy as you thought...lol

I jumped the gun.

Look at the Daily Candle ( use your own Chart). Yesterday closed was the highest for the month.

Attached 240M Chart. Trade in my favours like 32+ pips. the reverse.

Waiting for price to react at R61, if it goes there later.

for time being, I watch this trade in 60M TF.

NOTE : Watch R38 act as support. Wait for the break and retest before entering short.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 240M.jpg Size: 132 KB
Let all the living things live blissfully
  • #4,455
  • Oct 27, 2016 9:19am Oct 27, 2016 9:19am
Quoting Davit
{quote} Voty great job Only issue for me is price labels and pivot labels not showing on mine.I tried refreshing different TF but nothing.
Aha forgot to mention, that's normal.
You in fact need both indicators. You need Davit's to display part of the pivot line + label.
I use this intentionally, to confirm that the pivot levels of new indicator are correct...

Screenshots for weekly indicator alone and weekly+Davit's.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-10-27 [GBPUSD,H4]_weekly.png Size: 29 KB
Click to Enlarge Name: 2016-10-27 [GBPUSD,H4]_weekly_davits.png Size: 31 KB
buying tops / selling bottoms
  • #4,456
  • Oct 27, 2016 9:43am Oct 27, 2016 9:43am
Good nite everyone.

Happy piping.

Last chart with AAA set up.

EURAUD. 240M TF.

Look at yesterday candle. Price bounce nicely squeeze S100 Monthly PP to go higher. ( NOTE : The Daily Chart is using Monthly PP)

Use 240M TF to find my entry ( The 240M Chart is using Weekly PP). Just look for LONG entry. And now look for exit.

I used to trade 0.05 lot, but now with increased capital from profit, i increased my size to 0.5 lot. Still risk of 3% of capital

Best Regards

Arjun
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR AUD Daily.jpg Size: 74 KB
Click to Enlarge Name: EUR AUD 240M.jpg Size: 68 KB
Let all the living things live blissfully
  • #4,457
  • Oct 27, 2016 11:10am Oct 27, 2016 11:10am
Quoting Arjun-LE1
Good nite everyone. Happy piping. Last chart with AAA set up. EURAUD. 240M TF. Look at yesterday candle. Price bounce nicely squeeze S100 Monthly PP to go higher. ( NOTE : The Daily Chart is using Monthly PP) Use 240M TF to find my entry ( The 240M Chart is using Weekly PP). Just look for LONG entry. And now look for exit. I used to trade 0.05 lot, but now with increased capital from profit, i increased my size to 0.5 lot. Still risk of 3% of capital Best Regards Arjun {image} {image}
Awesome cik gu
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #4,458
  • Oct 27, 2016 11:26am Oct 27, 2016 11:26am
Quoting Arjun-LE1
Daily TF USD JPY. Reason of going LONG. I will post 240M TF chart, later ( If I got time) Anyone can guess where is the likely area to get out ? {image}
Came to closed my trade.

I check my trade every 4 hours.

Price hit R78 on Daily Chart.( Monthly Pivot Point).
Attached Image (click to enlarge)
Click to Enlarge Name: USD JPY closed.jpg Size: 55 KB
Let all the living things live blissfully
  • #4,459
  • Oct 27, 2016 3:48pm Oct 27, 2016 3:48pm
Quoting Arjun-LE1
{quote} Came to closed my trade. I check my trade every 4 hours. Price hit R78 on Daily Chart.( Monthly Pivot Point). {image}
nice,thankyou for sharing.
can you share your monthy pivot idi,thankyou.
  • #4,460
  • Oct 27, 2016 5:18pm Oct 27, 2016 5:18pm
Quoting Davit
{quote} Voty great job Only issue for me is price labels and pivot labels not showing on mine.I tried refreshing different TF but nothing.
I got your point, there is a new release ready. This time only one indicator is needed for all pivot information.

Btw. the "refresh TF feature" was really killing me every time (not only me I guess). There is no need to do it with this indicator.
Attached File(s)
File Type: mq4 Auto-Pivot_Plotter_Weekly_V2__3.mq4   30 KB | 669 downloads
buying tops / selling bottoms
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