First of all i'd like to thank everyone who helped me improving my trading skillls..Although i've been following this great forum for a long time haven't posted anything yet..All i'm thinking by now its time to give something back to show my appreciations to everyone..
This method quite simple and very profitable...all we need to do is just observing candlestick patterns in on around the daily pivot,support and resistance points..when there is a nice trade setup we just enter the trade opening of a new 1 hour candle with
gbpjpy currency (1 hour char)
50 pips stop loss
100 pips target...And also i suggest that using break even when we have the position +50 pips in our favour..
This month( so far) gave me 950 pips..yes sounds crazy but its true..Sure you can backtest or forwardtest...
Entering a trade...İf the price had a nice big move until any pivot points then we observe the candlesticks..if there was a bullish movement we look for bearish pin bar or vice versa...You can easily understand the method When you look at the charts that"ll be posted very soon...
Good luck everyone...
any comments,questions are welcome
i added pivot indicator and a excel sheet that i made and used for backtesting ,forward testing or finding lot size for the next trade...you may find it handy...
i added another nice multi pivot points indicator posted by trendchaser (thx) if you want to check this method on larger time pivot points
settings:
pivotset=1 for daily 2 for weekly 3 for monthly pivots
daystarthout=i changed it 00:00 (in fxdd)
This method quite simple and very profitable...all we need to do is just observing candlestick patterns in on around the daily pivot,support and resistance points..when there is a nice trade setup we just enter the trade opening of a new 1 hour candle with
gbpjpy currency (1 hour char)
50 pips stop loss
100 pips target...And also i suggest that using break even when we have the position +50 pips in our favour..
This month( so far) gave me 950 pips..yes sounds crazy but its true..Sure you can backtest or forwardtest...
Entering a trade...İf the price had a nice big move until any pivot points then we observe the candlesticks..if there was a bullish movement we look for bearish pin bar or vice versa...You can easily understand the method When you look at the charts that"ll be posted very soon...
Good luck everyone...
any comments,questions are welcome
i added pivot indicator and a excel sheet that i made and used for backtesting ,forward testing or finding lot size for the next trade...you may find it handy...
i added another nice multi pivot points indicator posted by trendchaser (thx) if you want to check this method on larger time pivot points
settings:
pivotset=1 for daily 2 for weekly 3 for monthly pivots
daystarthout=i changed it 00:00 (in fxdd)
Attached File(s)
Pivots_Daily.mq4
16 KB
|
4,682 downloads
testing sheet.xls
74 KB
|
3,938 downloads
Pivot Points.mq4
10 KB
|
4,237 downloads