The Only Pivot - page 98
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
if you're usig QQE to confirm that trade, it was only confirmed at 8:00, not at 7:00 of your yellow line
good for you piye ea-ne wis dadi?
wekekeke.... not yet
mbuh ki sing gae malah ra tau ol ( the person who make that never online)
if you're usig QQE to confirm that trade, it was only confirmed at 8:00, not at 7:00 of your yellow line
yes , I putted at 07.00 so' it is possible see the cross.......sorry for that , looks like i am in the court.....next time i'll make more attention when i'll put a chart !!!!!!
maybe good with QQQ but maybe late to entry open position.
we are going to have 1000 replies and 50 5 STARS....
i know many of us try to find filter to avoid back to back signal
i hope we will find one,
so.. r u in GREEN PIPS this WEEK? hope so
happy week end TRADERS!!
maybe good with QQQ but maybe late to entry open position.
On H1 TF if you have to wait next candle to enter dasn't have any effect on your trade........
Just to answer to Camisa ......look these settings for eurusd , in this case the entries are in agreement with QQQ.....
To help reduce false signals due to ranging and whipsaw trading days I use Filter 1 & 2. Thanks for the great contribution SBGuy.
TimeFreedom
Big thanks to Steve for posting this great system! Here are some ideas to reduce drawdowns from cut and reverse. Feedback and better ideas please and if we agree on something I'll add it to the EA as an option.
1. Reducing cut and reverse at start of day. (I like to try to take a position on the first bar of the day)
If, at the first bar, the 2SMMA says you should reverse position from the previous day but the slope of the 2SMMA is still going in the previous days direction and if the 2SMMA is 10pips or less from the new Open Pivot line wait for next bar confirmation. If at the next bar the 2SMMA is still telling you to reverse but the slope is still in the same direction wait for third bar confirmation.
2. Stop trading on second intraday crossing of the Open Pivot.
I don't count the 2SMMA crossing the Open Pivot in the first three bars of the day as a cross for the purpose of this section. (I'll cut and reverse if I have to but I think of it as startup noise not a real cross) After that if the 2SMMA crosses the Open Pivot line once I cut and reverse but if it crosses again I close and stop trading that pair for the day. WHY? Looking at EUR/JPY, for example, since March 1st 2007 to present, there are about 36 days where it crosses at least twice. Of these 36 25 trades were losers. By losers I mean they failed to get fifty points away from the Open Pivot, most of them nowhere near fifty points away from the opening price of the trade, in a lot of cases they reversed again with losses. 11 were winners and worth taking. In my opinion the odds are against 2nd crossing trades being winners.
3. Four positions with various stops
1st position aims at a simple 50 points. (EUR/JPY)
If one of the following conditions are met I 'activate' stops for the 2nd and 3rd positions. Basically they kick in when you've got pips worth protecting.
1. price moves fifty points from the Open Pivot price
2. price moves thirty points from opening price of the trade
3. three bars form a pattern of higher highs and higher lows or vice versa depending on direction of trade.
2nd position stops out when price crosses high/low of previous bar
3rd position stops out when price crosses high/low of previous four bars. (This last one works out similar to using HA)
4th position stays open until 2SMMA crosses Open Pivot.
4.Finally if the 2SMMA crosses once intraday I cut and reverse but with a stop for all positions under/above the extreme of the day because in some case the price comes crashing back through the Open Pivot in a 100+ pip move in one bar.
These are just ideas that I've been working on. If someone has better ideas please let us all know.let's play this game
what we try to find for a filter is an indicators,
how if the filter is ANOTHER TRADING METHODE?
look at this
Supernova GBP/JPY Mini Trend Catcher
my friend told me that THE ONLY PIVOT METHODE is like a MAP, show us direction, but he use that system, combine it and have good result
once again, i have satisfy with my system performance, but as a good trader we always learn anything which we believe can improve our trading skill
i put it's indy and template here
Just to answer to Camisa ......look these settings for eurusd , in this case the entries are in agreement with QQQ.....
What is the arrow?
Thats live chart looks a little different to demo but same direction.