Pivot and 200 Ema Strategy for Stress Free Trading on all TF's

Hi All

This is a simple strategy which i have used for more than 5 years with good success in conjunction with my other strategies. Many strategy changes with time but this has stood the test of time and is the classical method used by the older traders.

Taking the Template & Some Indicators from Davits Thread and modifying for this strategy . The Thread can be located here

I am a firm believer in not putting stops to the trades as long as you are trading small and knowing your pain levels before closing the trade. I am not going to show any statements or boast about the winnings as each trader is diff in approach and has to know what amount they can afford to loose.

Personally i dont use more than 1 micro lot for every 200 $ capital. This way the only way to loose the capital is on a 2000 Pip movement against you. I have a hard stop at 250 Pips on the Majors and 500 Pips on the GBP/JPY. Also never have more than 2 positions in any pair you are trading. Target 1% return each day and close the platform once done. The Doom for the trader is when they over trade. Have a target of 10% return each month and do it in and out for atleast 1 year before increasing the returns target. With experience comes better trading.

Attached are two charts, with the 15 min used for entry and 1 hr used to see the the complete pivot levels zoomed out. Watch the play of price when it comes to the 200 Ema and the Pivots support and resistance areas.

Copy all the indicators and apply the attached template.

Best to use from London Open on Monday till 1 hr prior to US Close on Friday.

Long Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart
======
Price Above Daily Pivot & 200 Ema ( Should be trending Upwards ) , Enter as close as possible to the Open Price or Daily Pivot. Avoid Entering When price is far from the 200 EMA.
TP : Next Resistance Levels

Short Entry ( All Timeframes ) - TP will range from 15 pips in 1 min chart to 200 Pips on the 1 Hr chart
======
Price Below Daily Pivot & 200 Ema ( Should be trending Downwards ), Enter as close as possible to the Open Price or Daily Pivot. Avoid Entering When price is far from the 200 EMA.
TP : Next Support Levels

Anyone who wants to ask questions, use this for 15 days and then post your queries and i will answer to the best of my ability.

Trading is discretionary to each trader, so use it on Demo, practice the price action around the pivots and 200 ema and u will notice the patterns and the importance of 200 ema on this strategy.

I am here not to post any of my trades or boast about my trading, its just my way to give back the community.

Lol
Best regards!

This is the simple, old and "still" profitable strategy. Found it on another forex forum 7 years ago.

Old and better is a trend indicator and an oscillator

Interesting thread Nisha ( very interesting also your "15 Min Chart Trading on the GBP/JPY - 60/200 Ema" thread ).
When do you update entry rules ?
Thank you.

this looks like very simple, can you explain it more

A good idea! We look forward to continuing.

GBP/JPY - 1min chart - 15-20 pips

just see this chart for the resistance 200 ema is providing to price action.

Also if you notice, on higher timeframes, its also testing the 200ema as support on 15, 30 and 1 hr. once it breaks, on these timeframes, next level of stop is the first support or Daily Pivot area.

Completed the mission of reaching Daily Pivot , next is the first support .

23-2-2017

Bias is to wait for retest of 200 EMA and take a short trade after london open. Price is just hanging at open price and daily pivot, 200 EMA is above , so shorts are much better risk to reward ration. Target is First Support Below

thanks nisha for your inputs. insha allah all the best.

Any new exmaples ? I love pivots

very bad bg of charting. difficult yo read

Thank you nisha4x for sharing with us! Good thread, would be nice if other people share some results too. I'm gonna give it a try for couple of weeks. When I have opportunity I'll try to give before/after screenshots.

If I understood rules correctly, we can use any suitable timeframe (in my case M15 and H1 attached for full picture)
So according to rules price at M15 was:

1) Below Daily Pivot & 200 Ema ( Should be trending Downwards - also done)

2) comparatively close to Daily Pivot

3) Sl = 25, Tp(Next Pivot Level) = 50, R/R= 1/2

hello bro. is this system is still working or profitable?

if yes then kindly update the rules of trading once again.

thanks

Hi Nisha
The strategy seems promising. I use pivots but from previous week for my trades and I am trying to get familiar with this strategy.
I do have a few questions and I would like to have your input on that one.

1. The yellow line (Pivot) corresponds to which pivot? On my chart I cannot pinpoint whether its a daily pivot (its not) or a weekly pivot (more likely)
2. Do you wait for the price to come down to the pivot in order to enter a trade? or do you wait for the price to reach the EMA to enter a trade. I have read the rules that you have mentioned which seems to be to enter in a trade if (in case of long)
a. the price is above the daily open
b. the price is above the pivot
c. the price is above the EMA
I need to know what you see other than the above in order to enter a trade
3. Davit seems to use TDI to enter the trade. Do you use that indicator?
4. Have you changed the candle open times to NY or do you use the broker time?

I would really appreciate your help and input in answering my questions.

Regards
OzzY

Hi
I am starting to get the hang of the strategy and it looks great.
I do have a question regarding entry. Do you wait for the price to test the daily pivot or 200 EMA? or do you go with the trend on any given day and enter the trade.
Also; what do you look for when entering a trade? am asking as I am having problems in timing my entries on this strategy

Hi Nisha, I recently got into your strategy, and I have been using Davits Pivots for a while now, are you able to elaborate more on how you enter the market?

still working in 2024 sir ??