MISSED PIVOTS

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Skyold
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Re: MISSED PIVOTS

Postby Skyold » Thu Oct 17, 2019 9:55 am

BambinoFlex wrote:
Skyold wrote:
joshuayip wrote:Hi Skyold,

Thanks for opening this thread. I am interested to learn how to trade missed pivots. But I am probably not having all the indicators. I tried to follow your template using some of the indicators I already have. But it seems I am not able see the FPP. Could you please take a look at my template and see my settings are all out (attached) ? MISSED_PIVOT_TPL1.tpl

Farely new to TRO's indicator (few weeks) and have watched a few videos on missed pivot. Please forgive me if I am missing the obvious.

Mr TRO, may I please ask for your recommendation which year to donate to for missed pivots trading?

Joshua


Hi Joshua,

These are the Indis.
Try experimenting a bit with the settings yourself. So you get a better feeling for each individual

Desktop Screenshot 2019.10.14 - 21.23.26.76.png



Hey Sky,

So on the Price Analyzer, you look at the stats for "open below pivot" and "open above pivot." So Lets say the FPP is above the open, so its "Open Below Pivot" correct? Then from there I look for Open LT PP and High GT PP...I'm not understanding what that part means. Is it that saying the high of the current day has a 63.41 percent probability of being GT (greater than) the PP so I would take that Long trade? or what does High GT PP mean to you?

FPP is for the next day.
What you should have in the visor is the current PP
If the PP is greater than OPEN, then you are looking 'OPEN BELOW PP'
The probability of the last 100 days has shown that the daily high 63.41% higher than the current PP. So you can go LONG
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Re: MISSED PIVOTS

Postby BambinoFlex » Thu Oct 17, 2019 11:49 am

Thank you! I have the 2019 Indicators so Im waiting on the 2017 one from TRO. I placed three trades yesterday and they were all wins!
Trading the TRO way

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Re: MISSED PIVOTS

Postby BambinoFlex » Wed Oct 23, 2019 2:33 pm

Skyold wrote:
BambinoFlex wrote:
Skyold wrote:
Hi Joshua,

These are the Indis.
Try experimenting a bit with the settings yourself. So you get a better feeling for each individual

Desktop Screenshot 2019.10.14 - 21.23.26.76.png



Hey Sky,

So on the Price Analyzer, you look at the stats for "open below pivot" and "open above pivot." So Lets say the FPP is above the open, so its "Open Below Pivot" correct? Then from there I look for Open LT PP and High GT PP...I'm not understanding what that part means. Is it that saying the high of the current day has a 63.41 percent probability of being GT (greater than) the PP so I would take that Long trade? or what does High GT PP mean to you?

FPP is for the next day.
What you should have in the visor is the current PP
If the PP is greater than OPEN, then you are looking 'OPEN BELOW PP'
The probability of the last 100 days has shown that the daily high 63.41% higher than the current PP. So you can go LONG



Hey Sky,

Been trading it this week and so far its great! As for a stop loss, I'm trying out S1 and R1. Either on Low LT S1 or Close LT S1 and vice versa. I've been doing well this week, 6/6 trades ended in profit. What I do is place my order maybe an hour before the daily candle forms and go from there. If I go to sleep during the London session, I place a trailing stop.

Anyways, I have a question, how is MID calculated on the Price Analyzer? Is it dynamic is it like the PP?
Trading the TRO way

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Re: MISSED PIVOTS

Postby TheRumpledOne » Wed Oct 23, 2019 3:44 pm

BambinoFlex wrote:
Anyways, I have a question, how is MID calculated on the Price Analyzer? Is it dynamic is it like the PP?


MID is (HIGH + LOW) / 2.

Yes, it is dynamic.
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Re: MISSED PIVOTS

Postby BambinoFlex » Thu Oct 15, 2020 2:01 am

Almost a year later...to the day...and Pivots have become crucial to my trading. Thank you TRO. I’ve come full circle with my trading and I’m a few steps to reaching trading “nirvana.” Today I read a paper on Missed Pivots. I forgot about this thread, but now that I understand trading more, I see how the numbers work.
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Re: MISSED PIVOTS

Postby TheRumpledOne » Fri Oct 16, 2020 3:10 am

BambinoFlex wrote:Almost a year later...to the day...and Pivots have become crucial to my trading. Thank you TRO. I’ve come full circle with my trading and I’m a few steps to reaching trading “nirvana.” Today I read a paper on Missed Pivots. I forgot about this thread, but now that I understand trading more, I see how the numbers work.


Can you shart the paper on Missed Pivots?

Thanks
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Re: MISSED PIVOTS

Postby BambinoFlex » Fri Oct 16, 2020 3:14 am

TheRumpledOne wrote:
BambinoFlex wrote:Almost a year later...to the day...and Pivots have become crucial to my trading. Thank you TRO. I’ve come full circle with my trading and I’m a few steps to reaching trading “nirvana.” Today I read a paper on Missed Pivots. I forgot about this thread, but now that I understand trading more, I see how the numbers work.


Can you shart the paper on Missed Pivots?

Thanks


Sure thing, here’s the link

https://tradewavequant.wordpress.com/20 ... s-targets/

This is using weekly, but same concept applied to daily and even monthly.
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Re: MISSED PIVOTS

Postby BambinoFlex » Fri Oct 16, 2020 12:59 pm

To expand a little more on the data. The author uses missed pivots as targets. Perfect. On another article, https://tradewavequant.wordpress.com/20 ... ly-pivots/, he writes that consecutive missed pivots are rare.

Here's what I hear in my head...."Weekly Pivots tend to be taken out the same week" I ran the FreqDistr as best as I could and found that over 80% of weekly pivots get hit in the same week. That's the number I'm playing with. I do hold some trades over a few days (swinging) but I also take bites on the daily (wick zone mostly mixed with some rat trades).

With my swing trades, I realized that the numbers are in my favor to target a fresh pivot for the new week.
Trading the TRO way

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Re: MISSED PIVOTS

Postby TheRumpledOne » Fri Oct 16, 2020 5:01 pm

They haven't posted since October 2017!

Wonder if they blew their account?!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: MISSED PIVOTS

Postby BambinoFlex » Fri Oct 16, 2020 5:53 pm

TheRumpledOne wrote:They haven't posted since October 2017!

Wonder if they blew their account?!


Someone once posted that I shouldn’t concern myself with what other traders are doing.

Jokes aside, I read his last blog. Seems that he struggled with accepting the truths of the market. That it doesn’t care about your data or past performances. Seems he wanted to automate trading, and was trading heavy (a sign of extreme confidence). I wish everyone success, but he has the signs of a Yale Student
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