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Pivot Trading

  • #8,021
  • Mar 21, 2017 6:26am Mar 21, 2017 6:26am
According to this post 8017 and 8018
I try to create ADR indicator that show correct ADR precentage.
Base on my little knowledge about MQL4 code, this is max i can do. Indicator compiled with no single error.
Maybe can useful.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 48 KB

Attached Image (click to enlarge)
Click to Enlarge Name: compile.png Size: 14 KB

Attached File(s)
File Type: ex4 ADR 20Days Tamarind77.ex4   11 KB | 627 downloads
I know one thing, that I know nothing - Socrates
  • #8,022
  • Mar 21, 2017 6:52am Mar 21, 2017 6:52am
Seems to be a variation in the mix, Loaded another couple ADR's out of curiosity, Tamerind's is the second. Nice work

NB I notice this pairs at R78, I didn't use this chart with trading in mind, do your own diligence if you are thinking of it
Attached Image (click to enlarge)
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"You know what needs to be addressed , completely completely reverse that".
  • #8,023
  • Mar 21, 2017 7:29am Mar 21, 2017 7:29am
I'm short AU, GJ, long UC.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2017-03-21 1322 OANDA-GMT+2 Live - [GBPJPY,M30]_short.png Size: 51 KB
Click to Enlarge Name: 2017-03-21 1322 OANDA-GMT+2 Live - [USDCAD,M15]_long.png Size: 49 KB
buying tops / selling bottoms
  • #8,024
  • Mar 21, 2017 7:37am Mar 21, 2017 7:37am
I took this short opportunity.

+ AB=CD completed, Bat pattern completed.
+ Hit R61 zone + 88.6 fibo.
+ Probably Div in progress.
Attached Image (click to enlarge)
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  • #8,025
  • Mar 21, 2017 7:52am Mar 21, 2017 7:52am
Quoting voty
I'm short AU, GJ, long UC. {image} {image} {image}
Hi Voti
I didn't see reason for UC long at least not yet.PA approaching only 38S and good chance may drop to 61S at 3229 and could even drop below 32
There is talk about Oil reduction output
good luck
In trading, you have to be defensive and aggressive at the same time
  • #8,026
  • Mar 21, 2017 7:53am Mar 21, 2017 7:53am
Patience pays off again. Took this at strong support S38 - S61( triple bottom )
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  • #8,027
  • Mar 21, 2017 7:59am Mar 21, 2017 7:59am
Quoting sniperdebt
I took this short opportunity. + AB=CD completed, Bat pattern completed. + Hit R61 zone + 88.6 fibo. + Probably Div in progress. {image}
continue piling pips buddy
In trading, you have to be defensive and aggressive at the same time
  • #8,028
  • Mar 21, 2017 8:02am Mar 21, 2017 8:02am
If we zoom out to daily one can see there is still room to 61R at 7774 on AU
If we try to stick with system "zone" chance of DD will reduce dramatically.
Good example is Sniperdebt trades
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #8,029
  • Mar 21, 2017 8:09am Mar 21, 2017 8:09am
Quoting sniperdebt
Patience pays off again. Took this at strong support S38 - S61( triple bottom ) {image}
Wow you are a beast.
buying tops / selling bottoms
  • #8,030
  • Mar 21, 2017 8:13am Mar 21, 2017 8:13am
Quoting Tamarind77
According to this post 8017 and 8018 I try to create ADR indicator that show correct ADR precentage. Base on my little knowledge about MQL4 code, this is max i can do. Indicator compiled with no single error. Maybe can useful. {image} {image} {file}
will check it out thank you
In trading, you have to be defensive and aggressive at the same time
  • #8,031
  • Mar 21, 2017 8:14am Mar 21, 2017 8:14am
Quoting Davit
{quote} Hi Voti I didn't see reason for UC long at least not yet.PA approaching only 38S and good chance may drop to 61S at 3229 and could even drop below 32 There is talk about Oil reduction output good luck
Oops I wish I had your eyes Dropped like a stone.
Was in short yesterday, closed in near to zero profit. Today switched for long and -400 hmm...

I have plenty of time this and next week so trying M15, not really in a success.
Will try some more, but for now seems I should switch back to H4-D1.
buying tops / selling bottoms
  • #8,032
  • Mar 21, 2017 8:19am Mar 21, 2017 8:19am
Quoting voty
{quote} Oops I wish I had your eyes Dropped like a stone. Was in short yesterday, closed in near to zero profit. Today switched for long and -400 hmm... I have plenty of time this and next week so trying M15, not really in a success. Will try some more, but for now seems I should switch back to H4-D1.
Voti its not about TF its about pivots.We just need to hummer high probability trades over a good sample size.
In trading, you have to be defensive and aggressive at the same time
  • #8,033
  • Mar 21, 2017 10:03am Mar 21, 2017 10:03am
Quoting sniperdebt
{quote} Keep watching Gold development. {image}
Closed 2 orders.
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  • #8,034
  • Mar 21, 2017 10:20am Mar 21, 2017 10:20am
Quoting Davit
{quote} Voti its not about TF its about pivots.We just need to hummer high probability trades over a good sample size.
Well yes but I am somehow amazed by so much movement on M15. This forcing trades here and there without pivot confirmation.
Just watching PA + TDI and little bit of ADR.

And in fact almost all trades I tried so far would work if I stayed small. But I opened bigger positions = means I had to place stop-loss for protection.
Then 9 out of 10 trades on reversed right where my stop was placed.

So in fact what I'm trying to make is a sample of trades for simply PA + TDI, without pivot.
I was not so good in poor trade execution, the results would be really impressive...
buying tops / selling bottoms
  • #8,035
  • Mar 21, 2017 10:31am Mar 21, 2017 10:31am
Quoting sniperdebt
{quote} Closed 2 orders. {image}
Yes I'm in that one also. Only for me the target is 1249 so not touching it just yet.
Indeed that would be in the zone so definitely to be watched for short.
But I think the gold will shoot higher than this...
Attached Image (click to enlarge)
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buying tops / selling bottoms
  • #8,036
  • Mar 21, 2017 10:33am Mar 21, 2017 10:33am
Quoting voty
{quote} Well yes but I am somehow amazed by so much movement on M15. This forcing trades here and there without pivot confirmation. Just watching PA + TDI and little bit of ADR. And in fact almost all trades I tried so far would work if I stayed small. But I opened bigger positions = means I had to place stop-loss for protection. Then 9 out of 10 trades on reversed right where my stop was placed. So in fact what I'm trying to make is a sample of trades for simply PA + TDI, without pivot. I was not so good in poor trade execution, the results would...
Agree on smaller positions and why I always insist on it.I think you may have faster trigger hands and this system may not suit your temperament.
This system fits perfectly with someone like Sniperdebt who is a full time trader and exercises great deal of patience.Its hard the patience part.
Anyway my motto is do what works for you.Having said this trading is self discovery.Took me 3.5 yrs to do what I am doing now and trading this way almost 2yrs and still learning and trying to get better..
regards
In trading, you have to be defensive and aggressive at the same time
  • #8,037
  • Edited 10:47am Mar 21, 2017 10:37am | Edited 10:47am
AU finally is showing cracks
Good for my AC shorts and EA longs
UJ is crashing all USD bulls stops are taken....and this is why I trade small and space my entries because forex is wild west weak get flashed out.

Notice UJ 61S 111.70 powerful resistance zone multiple swing turns.Break here would be great for me....opening up 110
In trading, you have to be defensive and aggressive at the same time
  • #8,038
  • Mar 21, 2017 10:40am Mar 21, 2017 10:40am
Closed AUDCAD +254 (5 order)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 43 KB
I know one thing, that I know nothing - Socrates
  • #8,039
  • Mar 21, 2017 10:41am Mar 21, 2017 10:41am
Quoting voty
{quote} Yes I'm in that one also. Only for me the target is 1249 so not touching it just yet. Indeed that would be in the zone so definitely to be watched for short. But I think the gold will shoot higher than this... {image}
Yes, Daily still bullish in action.
  • #8,040
  • Mar 21, 2017 10:50am Mar 21, 2017 10:50am
Quoting Tamarind77
Closed AUDCAD +254 (5 order) {image}
My friend party is just beginning on AC....
I think you exited too early
PA is yet to even reach the WP at 243 then there is 38S and then 61S
RBA minutes basically said too many uncertainties both in economy and jobs basically was dovish.Thunder is out of the Aussie
In trading, you have to be defensive and aggressive at the same time
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