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Pivot Trading

  • #7,841
  • Mar 13, 2017 9:30am Mar 13, 2017 9:30am
Some pips runnin
GBP/USD

  1. entry was on friday on bounce from S61

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  • #7,842
  • Mar 13, 2017 9:55am Mar 13, 2017 9:55am
59 fifty , I am new to MT4 , and I AM NOT computer savvy. I looked at Davit's first few pages and I am not able to set the brokers time as well as many things. I want to follow Davit's system , and I know he is a busy person , not saying that you are not either. Is there a website that will literally spoonfeed me how to set up my MT4 charts just like Davit's ?

Frustrated , GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #7,843
  • Mar 13, 2017 10:05am Mar 13, 2017 10:05am
Quoting GreenEarth
59 fifty , I am new to MT4 , and I AM NOT computer savvy. I looked at Davit's first few pages and I am not able to set the brokers time as well as many things. I want to follow Davit's system , and I know he is a busy person , not saying that you are not either. Is there a website that will literally spoonfeed me how to set up my MT4 charts just like Davit's ? Frustrated , GreenEarth
What we have found is that do exactly what Davit says on page 1 and your pivots will be at best close to his.

However, if you want them exactly like his. Do as recommended in earlier posts. Open a practice Oanda account download from page 1 and the template will be exactly like his. Use that for analysis...use your own broker to place trades.

Trust me folks all info is on this thread we have said that before. Read through them not just the first few pages.

Save yourselves...from yourselves.
Invest in Life
  • #7,844
  • Mar 13, 2017 10:07am Mar 13, 2017 10:07am
USDCAD short since R61 pivot.

Maybe go to S38 in a week?

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Look for it and you will find it
  • #7,845
  • Mar 13, 2017 10:11am Mar 13, 2017 10:11am
Quoting Mundo
{quote} What we have found is that do exactly what Davit says on page 1 and your pivots will be at best close to his. However, if you want them exactly like his. Do as recommended in earlier posts. Open a practice Oanda account download from page 1 and the template will be exactly like his. Use that for analysis...use your own broker to place trades. Trust me folks all info is on this thread we have said that before. Read through them not just the first few pages. Save yourselves...from yourselves.
yop, exactly as Mundo says..

My pivots are slightly different as Davits imo..but dont care, they fit on price as they should , for me.. About settings, i am computere savvyy as well, i use default settings..didnt changed anything.

Regards
  • #7,846
  • Mar 13, 2017 10:13am Mar 13, 2017 10:13am
Mundo , thanks so much for the quick reply. I currently trade a live account with Oanda. Since I am not computer savvy , I am literally fearful to try any new techy stuff , so this is a big leap for me. I will push on though and I know that I will have to get help from my son. One thing though , is Davit's charts on an entirely different template ?
Thanks so much,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #7,847
  • Mar 13, 2017 10:13am Mar 13, 2017 10:13am
I am not in this trade, but have to share...here you can see exact POWER of those levels!!!!!

perfect bounces
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  • #7,848
  • Mar 13, 2017 10:15am Mar 13, 2017 10:15am
Quoting GreenEarth
59 fifty , I am new to MT4 , and I AM NOT computer savvy. I looked at Davit's first few pages and I am not able to set the brokers time as well as many things. I want to follow Davit's system , and I know he is a busy person , not saying that you are not either. Is there a website that will literally spoonfeed me how to set up my MT4 charts just like Davit's ? Frustrated , GreenEarth
Actually the indy from page 1 can auto set follow your broker time if set broker candle = true
And the difference is not to much, maybe 10 -30 pips.

But for match, just count your Timezone and calculate with 5am in NY.

You can use this timezone url :

https://www.timeanddate.com/worldclo...=179&p2=tz_hkt

The example use New York and Hong Kong Time zone.
And entry your timezone. And note what time in your timezone 5am in NY. Thats your start time entry in indy.
Look for it and you will find it
  • #7,849
  • Mar 13, 2017 10:16am Mar 13, 2017 10:16am
Thanks Mundo and braveh4rt as well. I just have a gut feeling that something is going to send the USD/CAD down in a relatively short time.

Much appreciated,

**and I did go right back to Davit's 1st page**

Thanks again
"Define the risk OUT of your trade"--Mark Douglas
  • #7,850
  • Mar 13, 2017 1:56pm Mar 13, 2017 1:56pm
Quoting braveh4rt
{quote} Actually the indy from page 1 can auto set follow your broker time if set broker candle = true And the difference is not to much, maybe 10 -30 pips. But for match, just count your Timezone and calculate with 5am in NY. You can use this timezone url : https://www.timeanddate.com/worldclo...=179&p2=tz_hkt The example use New York and Hong Kong Time zone. And entry your timezone. And note what time in your timezone 5am in NY. Thats your start time entry in indy.
besides changing the indy setting and timezone...
on every monday i usually refresh chart by changing timeframe and also
open this site to make sure that my pivot fibo get the correct level.
  • #7,851
  • Mar 13, 2017 2:00pm Mar 13, 2017 2:00pm
Thank you for your kind answers. I am very curious. Because of this I demand but you are right. I agree with you now when think again.
May the pips be with you.


Quoting Davit
{quote} why would you want to complicate trading more then it should be?Remember each variable you add you create new conditions in your trading and that could be net negative
Quoting fxanalysis
{quote} Thank you for suggestion , yes , it is possible and because it doesn't correspond with Davits strategy ,there is no reason to make any changes. Regards and green pips to all!
Quoting Mundo
{quote} I tried using the Daily pivots on 15 min tf and all it did was make me emotional. I closed entries prematurely because the Daily pivots would "indicate" a reversal. And although majority of times it did it was only on lower time frames. Trades I closed eventually ended going towards weekly pivots. Left alot of money on the table doing so. Stick with this method, it's all you need.
  • #7,852
  • Mar 13, 2017 6:46pm Mar 13, 2017 6:46pm
Going Go EU
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  • #7,853
  • Mar 13, 2017 7:29pm Mar 13, 2017 7:29pm
Quoting GreenEarth
Mundo , thanks so much for the quick reply. I currently trade a live account with Oanda. Since I am not computer savvy , I am literally fearful to try any new techy stuff , so this is a big leap for me. I will push on though and I know that I will have to get help from my son. One thing though , is Davit's charts on an entirely different template ? Thanks so much, GreenEarth
Hi GE
If you want to score points on me please read carefully 1st page. Updated pivot link is right there.

Now as far as setting up my template.
Download all indicators and template

Open metatrader.
1.Click file-data folder-MQl4-indicators
cut or copy paste all indicators on indicators folder
Close Mt4 (important step to refresh the software)
Open Mt4 click on templates upper right click on load template and load my template
All indicators will be there and look like mine.For your case delete default pivot indicator and replace with davitv3auto from page 1 link.

You should be all set.



.
In trading, you have to be defensive and aggressive at the same time
  • #7,854
  • Mar 13, 2017 7:35pm Mar 13, 2017 7:35pm
Quoting MoneyTalks58
Thank you for your kind answers. I am very curious. Because of this I demand but you are right. I agree with you now when think again. May the pips be with you. {quote} {quote} {quote}
Hi friend
I think your issues in general is money management and lot size.This might take some time to sort out.I don't think its system related.
This is not unique to you and we all go through with it.My motto on this thread has been trade small and there is logic beyond that.You can go trade different system different style different TF but without addressing underlying aspect of lot size and SL it will resurface again no matter what system you trade.
Wish you good luck
In trading, you have to be defensive and aggressive at the same time
  • #7,855
  • Edited 7:49pm Mar 13, 2017 7:37pm | Edited 7:49pm
For my friends here
I am happy to announce my son's surgery went well.Slept 3hrs last 24hrs.Its a huge relief.His case is so unique that there is only 1 more case like it in US.
Please refrain posting good wishes and I do appreciate it. Thank you in advance for your good thoughts.
In trading, you have to be defensive and aggressive at the same time
  • #7,856
  • Mar 13, 2017 7:50pm Mar 13, 2017 7:50pm
Quoting fibo38
Going Go EU {image}
very nice eye pleasing template
In trading, you have to be defensive and aggressive at the same time
  • #7,857
  • Mar 13, 2017 8:25pm Mar 13, 2017 8:25pm
Davit , thank you very much. I know you are very busy. Thanks for helping me.

Sincerely ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #7,858
  • Mar 13, 2017 8:29pm Mar 13, 2017 8:29pm
Quoting GreenEarth
Davit , thank you very much. I know you are very busy. Thanks for helping me. Sincerely , GreenEarth
was my post what you needed?
In trading, you have to be defensive and aggressive at the same time
  • #7,859
  • Mar 13, 2017 8:35pm Mar 13, 2017 8:35pm
Quoting Davit
For my friends here I am happy to announce my son's surgery went well.Slept 3hrs last 24hrs.Its a huge relief.His case is so unique that there is only 1 more case like it in US. Please refrain posting good wishes and I do appreciate it. Thank you in advance for your good thoughts.

Hi Davit, I'm sorry to hear about your sons health condition. It's hard dealing with health issues but please stay strong for your son & family. God will give you the power I'm sure. I wish your son get well soon and a speedy recovery...On a separate note, I don't use your system (my mind may change in the future) But you guys have created a valuable community in this thread and I wish everyone all the best..
  • #7,860
  • Mar 13, 2017 10:59pm Mar 13, 2017 10:59pm
Quoting fibo38
Going Go EU {image}
Hey Fibo - what broker do you use...I've started noticing this recently that all (OK...not All...but many) have different PA for the same period........makes PA questionable?? Anyone else notice this recently??
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