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Pivot Trading

  • #8,681
  • Apr 21, 2017 11:58am Apr 21, 2017 11:58am
Quoting Davit
{quote} Very nice I thought you got out I guess not.Good for you!
Yes, only I closed 1 third of my position.
2nd third I'm thinking around 43 or 47 depends on PA.
Then my last third will be risk-free ready if it wants to visit 3x levels, haha.
buying tops / selling bottoms
  • #8,682
  • Apr 22, 2017 11:50am Apr 22, 2017 11:50am
nice overview of French elections
Expecting a wild swings on EU
http://www.telegraph.co.uk/news/0/fr...-tracker-odds/
In trading, you have to be defensive and aggressive at the same time
  • #8,683
  • Apr 23, 2017 7:09am Apr 23, 2017 7:09am
Read another retail box store Staples closing! along with Kmart Macy's Sears Barnes & Noble Gap Victoria Secrets etc Thousands of jobs being wiped out basically by Amazon
Amazon is going to kill more American jobs than China did

Mall close to my house is basically dead and sad really.We are moving so fast in cyber space for basically everything that soon we may not even interact much.
Amazon dominance is staggering 50% of all online sales are through Amazon.
In trading, you have to be defensive and aggressive at the same time
  • #8,684
  • Apr 23, 2017 8:07am Apr 23, 2017 8:07am
Hi All, This seems to be the right thread to ask my question,
if not, then moderator, please move it to the right place.

I found this Pivot indicator I like a lot, it works very well for me, I like to use it in a EA I'm working with.
the problem is that I don't have the mq4 file and I don't know the formula for calculating the pivots,
I have tested it against Camarilla, Classical, Demark, Fib, but it doesn't seem to use the same calculation,
if anyone have the mq4 file or if you could tell me what formula it uses. I would be really happy. Cheers
Attached File(s)
File Type: ex4 Daily Pivot Point Historical - Dyr.ex4   6 KB | 888 downloads
Bulls are stupid Animals!especially when Im short!
  • #8,685
  • Edited 10:17am Apr 23, 2017 9:58am | Edited 10:17am
Quoting roughtrader
Hi All, This seems to be the right thread to ask my question, if not, then moderator, please move it to the right place. I found this Pivot indicator I like a lot, it works very well for me, I like to use it in a EA I'm working with. the problem is that I don't have the mq4 file and I don't know the formula for calculating the pivots, I have tested it against Camarilla, Classical, Demark, Fib, but it doesn't seem to use the same calculation, if anyone have the mq4 file or if you could tell me what formula it uses. I would be really happy. Cheers...
You can see at input parameter Pivot Type 0=(H+L+C),1=(H+L+C+O),2=(H+L+C+C),3=(H+L+O+O)
So you have 4 different calculation base.

Type 0=(H+L+C) so in the formula on mq4 is P=(H+L+C)/3
Most common is average of the high (H), low (L), and closing (C) prices of the market in the prior trading period.

Type 1=(H+L+C+O) so in the formula on mq4 is P=(H+L+C+O)/4
In other cases, the average also includes the previous period's or the current period's opening price (O).

Type 2=(H+L+C+C) so in the formula on mq4 is P=(H+L+C+C)/4
In other cases, traders like to emphasize the closing price (C).

Type 3=(H+L+O+O) so in the formula on mq4 is P=(H+L+O+O)/4
or the current periods opening price.
I know one thing, that I know nothing - Socrates
  • #8,686
  • Apr 23, 2017 4:08pm Apr 23, 2017 4:08pm
UJ..!!!

Closed all...waited forever for this...Still on a loss with pair but will work on having a good quarter.
Attached Image (click to enlarge)
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Invest in Life
  • #8,687
  • Apr 23, 2017 4:22pm Apr 23, 2017 4:22pm
Quoting sniperdebt
Rejection at strong support (38s) and , possible Hidden Div in progress on Daily TF but on long term Bear still in control. Take this long opportunity with +23xx pips running. will see this pair development and looking for potential sell opportunity next closely. {image}
Thanks for the gap.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 192 KB
  • #8,688
  • Apr 23, 2017 4:40pm Apr 23, 2017 4:40pm
Quoting sniperdebt
{quote} Thanks for the gap. {image}
WOW!!
Invest in Life
  • #8,689
  • Apr 23, 2017 4:42pm Apr 23, 2017 4:42pm
Hi Davit ,

i have use 2 days and 2 night to read all your Post and want really to thank you for your sharing. You and this method has give me new hope....


Thanks
DC
  • #8,690
  • Apr 23, 2017 5:02pm Apr 23, 2017 5:02pm
You know when you have no knowledge on how price action works ...
[Or I'd say minimal knowledge]

But them Pivots are just that good ...
Attached Image (click to enlarge)
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  • #8,691
  • Apr 23, 2017 5:57pm Apr 23, 2017 5:57pm
Quoting roughtrader
Hi All, This seems to be the right thread to ask my question, if not, then moderator, please move it to the right place. I found this Pivot indicator I like a lot, it works very well for me, I like to use it in a EA I'm working with. the problem is that I don't have the mq4 file and I don't know the formula for calculating the pivots, I have tested it against Camarilla, Classical, Demark, Fib, but it doesn't seem to use the same calculation, if anyone have the mq4 file or if you could tell me what formula it uses. I would be really happy. Cheers...
once you upload ex file into metatrader program it automatically creates mq4 then you can download and do what you like.
In trading, you have to be defensive and aggressive at the same time
  • #8,692
  • Apr 23, 2017 5:58pm Apr 23, 2017 5:58pm
Quoting E7i
You know when you have no knowledge on how price action works ... [Or I'd say minimal knowledge] But them Pivots are just that good ... {image}
nice going keep it up
In trading, you have to be defensive and aggressive at the same time
  • #8,693
  • Apr 23, 2017 5:58pm Apr 23, 2017 5:58pm
Quoting sniperdebt
{quote} Thanks for the gap. {image}
super
In trading, you have to be defensive and aggressive at the same time
  • #8,694
  • Apr 23, 2017 6:07pm Apr 23, 2017 6:07pm
Hi all
I have just finished reading the whole thread. Would someone be so kind as to post a weekly pivot for a pair so I can check that I have my pivot lines in the Zone.
Thanks
  • #8,695
  • Apr 23, 2017 6:31pm Apr 23, 2017 6:31pm
Quoting Rakiura
Hi all I have just finished reading the whole thread. Would someone be so kind as to post a weekly pivot for a pair so I can check that I have my pivot lines in the Zone. Thanks
not sure yet if it updated but here is AU if correct then everything else is correct as well.
welcome and thanks for reading the threadshows maturity
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #8,696
  • Edited 12:32am Apr 24, 2017 12:00am | Edited 12:32am
Quoting sniperdebt
{quote} EA approach previous top. {image}
Patience is a virtue and always pays off, great start of the week. Looking for potential sell opportunity next closely.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURAUDDaily 2.png Size: 182 KB
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  • #8,697
  • Apr 24, 2017 1:37am Apr 24, 2017 1:37am
Quoting sniperdebt
{quote} Patience is a virtue and always pays off, great start of the week. Looking for potential sell opportunity next closely. {image} {image} {image}
Congrat super star!
Can you upload your buterfly indicator?
  • #8,698
  • Apr 24, 2017 1:46am Apr 24, 2017 1:46am
Quoting mmo1991
{quote} Congrat super star! Can you upload your buterfly indicator?
mmo1991,

I do not use an indicators to find my pattern.
  • #8,699
  • Apr 24, 2017 5:11am Apr 24, 2017 5:11am
NZDCAD

Nicely formed double top and rejection of R38 Line at psychological resistance level 0.95x.
Moving quickly towards Pivot level. Already selling at turquoise line on graph, will add to sells aggressively once double top has formed, broken and retested.

Moreover, TDI indicator turning down with bearish momentum, volume however is low as NZD bank holiday.

Good Luck and Thanks Davit for sharing.

Ω
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-04-24 at 11.08.43.png Size: 158 KB
Success is going from failure to failure without loss of enthusiasm.
  • #8,700
  • Apr 24, 2017 9:57am Apr 24, 2017 9:57am
Hi Guys ,

i have a question about the Exit. Normally we are after the next S/R level , but i see many times u guys reach more then the next Level.
Is there any tips or experience which can share about the Exit ? I mean need to focus the PA on the touching of the target area or other
things , too ?


Thanks for reply !

Regards
DC
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