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How to predict markets, Catch the moves at value

  • #1,861
  • Jan 5, 2017 7:35am Jan 5, 2017 7:35am
Quoting TooSlow
{quote} ( H + C + L ) / 3
Thanks TooSlow, forgot about my simple BODMAS!
  • #1,862
  • Jan 5, 2017 2:32pm Jan 5, 2017 2:32pm
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting ayoayo
{quote} I used the pivot point calculator template available at www.pivotpointcalculator.com and manually plotted the result. Again you can manually confirm by calculating (High+Low+Close/3) for YPP.
THx for reply.
I know such things ,I use different calculation for this pair, works fine for me.
but...

HLC3 is differnet to your chart

Attached Image (click to enlarge)
Click to Enlarge Name: pivot HLC3.png Size: 31 KB


HL2

Attached Image (click to enlarge)
Click to Enlarge Name: H-L2.png Size: 31 KB
from level to level - you need mental strength to reach the summit
  • #1,863
  • Jan 5, 2017 2:55pm Jan 5, 2017 2:55pm
Quoting Hpt
{quote} THx for reply. I know such things ,I use different calculation for this pair, works fine for me. but... HLC3 is differnet to your chart {image} HL2 {image}

as far as calculations go, we are only (for forex) calculating the high low and close of one session correct? So I'm trading the ny. So from 8am to 5pm est of previous day I use those numbers... And disregard what happens during Asian and European?
  • #1,864
  • Jan 5, 2017 9:23pm Jan 5, 2017 9:23pm
Here is something that may help you with accurate OHLC calculation, it should be always 5pm EST (NY) for market close and for open with a short period of few minutes for settlement around 5pm.
Refer https://www.dailyfx.com/pivot-points
  • #1,865
  • Jan 5, 2017 10:07pm Jan 5, 2017 10:07pm
Quoting esprit
Here is something that may help you with accurate OHLC calculation, it should be always 5pm EST (NY) for market close and for open with a short period of few minutes for settlement around 5pm. Refer https://www.dailyfx.com/pivot-points

thanks espirit. My main concern is while the ny closes at 5pm, should we disregard how many times the market has hit the levels during the hours we don't trade? So I only trade ny (8am est to 5pm) if Asia bounces off these levels, come 8 am est the next day, do we play them as fresh levels? Using cpr as a guide to be biased bullish or bearish.
  • #1,866
  • Jan 5, 2017 11:32pm Jan 5, 2017 11:32pm
Quoting Bitrock
{quote} thanks espirit. My main concern is while the ny closes at 5pm, should we disregard how many times the market has hit the levels during the hours we don't trade? So I only trade ny (8am est to 5pm) if Asia bounces off these levels, come 8 am est the next day, do we play them as fresh levels? Using cpr as a guide to be biased bullish or bearish.

Bouncing of is a potential Gap and fade entry.
Are we trading inside the prior day or outside?
Are we in a time of dollar S or Weakness
Are we at the start of a reversal or at the end.
Is price in fresh air or at a point of interest like 100. 101 102 103 104 105 106 and so on
What is the point of value price may pull back to for my entry order to get filled on the pullback
What is the conviction of the moves
If we enter at this place is there good confluence of all of the above
  • #1,867
  • Jan 5, 2017 11:36pm Jan 5, 2017 11:36pm
Hi Dennis thanks! So I should factor the Asian and European session.
  • #1,868
  • Edited 11:50pm Jan 5, 2017 11:36pm | Edited 11:50pm
Quoting Dennis1468
{quote} it never stopped sso look like now we 117 115 range and as we said 120 plus feb........crazy crazy crazy

Finally. Now big news today

CAD
Employment Change
-5.1K10.7KCAD
Trade Balance
-1.6B-1.1BCAD
Unemployment Rate
6.9%6.8%USD
Average Hourly Earnings m/m
0.3%-0.1%USD
Non-Farm Employment Change
175K178KUSD
Unemployment Rate
  • #1,869
  • Jan 6, 2017 1:14pm Jan 6, 2017 1:14pm
Quoting Bitrock
Hi Dennis thanks! So I should factor the Asian and European session.

Hi there a part in the thread when we cover top down approach - how to find the value areas
  • #1,870
  • Jan 6, 2017 1:15pm Jan 6, 2017 1:15pm
Thanks bro for all your work!
  • #1,871
  • Jan 6, 2017 1:17pm Jan 6, 2017 1:17pm
Eurusd played bounce of previous nfp low. Had a few buy orders do well.
  • #1,872
  • Jan 6, 2017 5:23pm Jan 6, 2017 5:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 76 KB


BEARS feasted for 2 days.
Got their bellies full.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,873
  • Jan 6, 2017 5:25pm Jan 6, 2017 5:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 51 KB


Missed pivot.
Must fill.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,874
  • Edited 4:03am Jan 7, 2017 2:49am | Edited 4:03am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Bitrock
{quote} as far as calculations go, we are only (for forex) calculating the high low and close of one session correct? So I'm trading the ny. So from 8am to 5pm est of previous day I use those numbers... And disregard what happens during Asian and European?
Hello Bitrock

I think Espirit and Dennis answer your questions.
So I only make a remark. I life in EU and trade at LO open , make my decisions (pending) around 8.00 GMT and 13.00GMT (NY open) and look
around Lo close thats it. I trade HTFs therefore the sessions aren't so importend for me - and make topdown analysis.Because its my lifetime and don't sit all day in front of my trading desk, have done this long enough. I'm in a comfortable position now - posting is fun for me.

green pips
HPT
from level to level - you need mental strength to reach the summit
  • #1,875
  • Edited 3:46am Jan 7, 2017 3:07am | Edited 3:46am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
pivots

I use
Attached File(s)
File Type: mq4 AllPivots_v4.7 600+.mq4   33 KB | 336 downloads




this tool has a lot adjustments

Attached Image (click to enlarge)
Click to Enlarge Name: AllPivots600.PNG Size: 50 KB


its nice in HTFs include YearPP , if you look in the net you have to search for example dailyfx doesn't show Year.
I use such sides only to crosscheck if the tool works well.
I trade levels and have my own style - and I have to learn my whole life - with all the mistakes.
May be don't work for others.

green pips to all
HPT
from level to level - you need mental strength to reach the summit
  • #1,876
  • Jan 7, 2017 4:32am Jan 7, 2017 4:32am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
NZDUSD weekly view

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDWeekly.png Size: 56 KB
from level to level - you need mental strength to reach the summit
  • #1,877
  • Jan 7, 2017 11:15am Jan 7, 2017 11:15am
Quoting Hpt
pivots I use AllPivots_v4.7 600+.mq4;2129779 this tool has a lot adjustments AllPivots600.PNG;2129744 its nice in HTFs include YearPP , if you look in the net you have to search for example dailyfx doesn't show Year. I use such sides only to crosscheck if the tool works well. I trade levels and have my own style - and I have to learn my whole life - with all the mistakes. May be don't work for others. green pips to all HPT {image} {file}

Good Stuff........................I have made so many mistakes to. What I have learned most importantly, are that my mistakes are self inflicted
  • #1,878
  • Jan 7, 2017 12:03pm Jan 7, 2017 12:03pm
Quoting Dennis1468
{quote} Good Stuff........................I have made so many mistakes to. What I have learned most importantly, are that my mistakes are self inflicted
Wisdom.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,879
  • Jan 9, 2017 3:39am Jan 9, 2017 3:39am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Heytraders - any thoughs about EURJPY or NZDUSD......no ???
from level to level - you need mental strength to reach the summit
  • #1,880
  • Jan 9, 2017 3:54am Jan 9, 2017 3:54am
Hi HPT,

It barely made an NSL ( LL ) during AS on 1H tf. I expect an deep retracement , first level to watch 0.6999 . Next 0.7038

It cross the flip zone on weekly now and are trading Resistance .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 60 KB
Click to Enlarge Name: NZDUSDWeekly.png Size: 39 KB
Trading in the shadow of SM
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