MISSED PIVOTS

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Sat May 22, 2021 5:25 am

In essence, with the Zero line method. In forex, not sure other markets, price RANGES A LOT. To the point that taking profits in the move of one leg, no matter the time frame, should be the goal. Otherwise, you do indeed fall pray to being "zeroed" out. Almost every day, in a discord channel I'm a part of I see the message "I got stopped out at break even" and "break even is better than a loss" but all I read is "I gave back profits" and "Zero is better than negative."

For those that move stops to breakeven because you're basing your bias on a larger time period, wait a day or two to move to break even, because the market will try to attack your entry a few times a day.
Trading the TRO way

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“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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TheRumpledOne
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Re: MISSED PIVOTS

Postby TheRumpledOne » Sat May 22, 2021 3:58 pm

TRO_001.png
TRO_001.png (51.04 KiB) Viewed 597 times


I attached the template BUT... you must have the TRO2017 donationals to use the PRICE TRAVEL ANALYZER.

Nice work, BambinoFlex. Thanks for sharing your research. =D>
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TRO_HL5_WICK_ZONE_PIVOTS.tpl
(46.76 KiB) Downloaded 11 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Sat May 22, 2021 5:43 pm

TheRumpledOne wrote:TRO_001.png

I attached the template BUT... you must have the TRO2017 donationals to use the PRICE TRAVEL ANALYZER.

Nice work, BambinoFlex. Thanks for sharing your research. =D>


Thanks TRO! Appreciate it, glad it makes sense.
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Sun May 23, 2021 5:34 am

Thinking about the monthly chart, I look at CHFJPY, same pair as mentioned previously. The monthly pivot has been missed. Looking at that as my bias, I can "see" the zero lines MO talks about. He says "trade in the direction of profit" well profits seem to be sitting from R1 to PP. Can we expect price to move this week toward the pivot (doesn't mean it will get crossed this week)? Effectively doing a monthly Rat Zone, a Z Line, and a Pivot Fade. Could be! But this is trading and anything can happen. Nonetheless, I have my bias and it makes sense.
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CHFJPYMonthly.JPG
CHFJPYMonthly.JPG (162.35 KiB) Viewed 550 times
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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TheRumpledOne
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Re: MISSED PIVOTS

Postby TheRumpledOne » Sun May 23, 2021 1:55 pm

Funny, I woke up with the thought I should look at this on the weekly and monthly...

TRO_001.png
TRO_001.png (56.65 KiB) Viewed 487 times


TRO_002.png
TRO_002.png (57.77 KiB) Viewed 487 times


Looks like a winner to me!!

Updated template attached,
Attachments
TRO_HL5_WICK_ZONE_PIVOTS.tpl
(53.81 KiB) Downloaded 13 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: MISSED PIVOTS

Postby TheRumpledOne » Sun May 23, 2021 2:14 pm

TRO_001.png
TRO_001.png (60.16 KiB) Viewed 484 times


And H4 is a winner, too!!

NOTE: you have to specify H4 as myPeriod and TestPeriod in the inputs OTHERWISE the indicator uses daily pivots for chart periods less than Daily.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: MISSED PIVOTS

Postby TheRumpledOne » Sun May 23, 2021 3:00 pm

BambinoFlex: check your PMs.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Sun May 23, 2021 3:08 pm

Never thought about the 4hr but I will definitely look into it, good trading opportunities!
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Mon May 24, 2021 7:35 am

Had NZDCHF Opened from Last Friday. Was targeting Weekly pivot which is above, but decided to take profit at the daily pivot instead since price broke previous day low. In the beginning, I was greedy and I wanted more pips, but crossing the pivot is sufficient for me.

The hardest part of pivot fades is managing the days pivots are missed. That's where you really need more experience or take into consideration the range.

I entered CHFJPY, targeting the monthly pivot. I looked at the previous bull run at the beginning of the month and the range is sufficient in 5 days for price to return back to monthly open. It's a long shot, but it is in the real of the probable.
Attachments
NZDCHFPivotCross.JPG
NZDCHFPivotCross.JPG (124.13 KiB) Viewed 335 times
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Thu May 27, 2021 6:38 am

Entered GU long, pivot bias. Price has already passed S1. For the past 53 days that opened below the pivot, 40 days had a higher greater than the pivot point. With the low at S1, we are still looking at a good pivot fade (no steam roller). I exited my CHFJPY trades yesterday, might be a May missed monthly pivot for EU and CHFJPY.
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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