Pivot Trading | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
General guidelines
Trolls, time wasters, spoon feeders, disruptors will be removed without notice. Threads will remain clean and, in principle, shared.
The first page is under construction
Pivot trading is a type of advance trading that requires psychological and technical experience in Forex.
I need at least 2 years of trading experience to trade My system looks simple but is extremely deceptive and in fact without proper account management you can lose your account. Not responsible for your gains or losses!
Violators will be removed!
Any indicators uploaded without permission outside of this system will result in your immediate removal from the thread.
“Live well during your lifetime – so that, in that magical moment, you will not add pain and sorrow to the world, but will smile at its infinite joy and mystery.”
―William Saroyan , Moments in Your Life
At Pivot Trading, we kill the price ------ Judith Beheads Holofernes Caravaggio
Indicators <br> If your pivot is off by more than 10 pips, you can adjust it by: Settings - Set broker candles to false and adjust time zone -/or +1234567 Whichever number gets you close, then you're good to go.
Not sure about the pivot level then go here and check (make sure it's weekly and fib)
Please use my templates and indicators so we can all be on the same page
Violators using other indicators will be removed without notice
stop loss
This is an early deal, so I'll let you decide for yourself. What I do is not relevant because my account is larger than the typical retail trader (2-10k) and I manage what works for me. Having said that, letting a 500 loss turn into a 10k loss is foolish no matter how big the account size is. You must have an exit plan.
How to trade pivot points
Our Weekly Trading Fibonacci Pivot Points The 61-100 area is usually the area where the swing fails . You can trade against the trend or with the trend. two-way transaction
The Weekly Pivot is the deviation of the balance resulting in lower selling and higher buying. I usually trade 61-100 but have also traded above and below WP
As the price moves away from the weekly pivot point, it is more likely to enter a correction.
61 S/R Key Area 78R/S is Scott Carney’s last chance for a reversal (spike stop before reversal) 100R/S Another key area.
If price breaks above 100 S/R, then you are in a strong trend supported by fundamentals.
Watch the broadcast It's the Queen (chess analogy)! I prefer to see at least 15-30 minutes of red or green candles before entering a trade, but this is aggressive and I have years of experience, a more conservative approach is to wait 1 hour to 4 hours for the candle. You may lose some points while waiting, but you may also save your points by not entering early.
Calendar Events Key Post Basics I am probably the only trader in FF who uses a system that combines technique with fundamentals. By knowing ahead of time what's coming, I can tailor my trades to a greater advantage! Example Post 5062 How do I do calendar analysis. It is recommended that you do this before every Monday, otherwise don't expect to get my results.
Great site Price Action h highly recommend reading.
Currency pairs that I frequently trade and recommend
All Majors Minus (USD/CHF) If you don't know what the majors are you shouldn't come here to trade the favorite cross currency pairs regularly
CJ AJ NJ NC AC
AN EC EG EA
Commodity pairs and their related crosses are my favorite .
Not recommended for pairing
GN GJ GA All variants of CHF should be avoided.
In my experience, super pairs like the ones I mentioned don't work well to establish positions and can drain the account if you get them wrong. Ironically, many rookies were killed. I seriously think that if you don't have solid experience and know what you are doing, you shouldn't even have GJ GN GA on your chart.
Trolls, time wasters, spoon feeders, disruptors will be removed without notice. Threads will remain clean and, in principle, shared.
The first page is under construction
Pivot trading is a type of advance trading that requires psychological and technical experience in Forex.
I need at least 2 years of trading experience to trade My system looks simple but is extremely deceptive and in fact without proper account management you can lose your account. Not responsible for your gains or losses!
Violators will be removed!
Any indicators uploaded without permission outside of this system will result in your immediate removal from the thread.
“Live well during your lifetime – so that, in that magical moment, you will not add pain and sorrow to the world, but will smile at its infinite joy and mystery.”
―William Saroyan , Moments in Your Life
At Pivot Trading, we kill the price ------ Judith Beheads Holofernes Caravaggio
Indicators <br> If your pivot is off by more than 10 pips, you can adjust it by: Settings - Set broker candles to false and adjust time zone -/or +1234567 Whichever number gets you close, then you're good to go.
Not sure about the pivot level then go here and check (make sure it's weekly and fib)
Please use my templates and indicators so we can all be on the same page
Violators using other indicators will be removed without notice
stop loss
This is an early deal, so I'll let you decide for yourself. What I do is not relevant because my account is larger than the typical retail trader (2-10k) and I manage what works for me. Having said that, letting a 500 loss turn into a 10k loss is foolish no matter how big the account size is. You must have an exit plan.
How to trade pivot points
Our Weekly Trading Fibonacci Pivot Points The 61-100 area is usually the area where the swing fails . You can trade against the trend or with the trend. two-way transaction
The Weekly Pivot is the deviation of the balance resulting in lower selling and higher buying. I usually trade 61-100 but have also traded above and below WP
As the price moves away from the weekly pivot point, it is more likely to enter a correction.
61 S/R Key Area 78R/S is Scott Carney’s last chance for a reversal (spike stop before reversal) 100R/S Another key area.
If price breaks above 100 S/R, then you are in a strong trend supported by fundamentals.
Watch the broadcast It's the Queen (chess analogy)! I prefer to see at least 15-30 minutes of red or green candles before entering a trade, but this is aggressive and I have years of experience, a more conservative approach is to wait 1 hour to 4 hours for the candle. You may lose some points while waiting, but you may also save your points by not entering early.
Calendar Events Key Post Basics I am probably the only trader in FF who uses a system that combines technique with fundamentals. By knowing ahead of time what's coming, I can tailor my trades to a greater advantage! Example Post 5062 How do I do calendar analysis. It is recommended that you do this before every Monday, otherwise don't expect to get my results.
Great site Price Action h highly recommend reading.
Currency pairs that I frequently trade and recommend
All Majors Minus (USD/CHF) If you don't know what the majors are you shouldn't come here to trade the favorite cross currency pairs regularly
CJ AJ NJ NC AC
AN EC EG EA
Commodity pairs and their related crosses are my favorite .
Not recommended for pairing
GN GJ GA All variants of CHF should be avoided.
In my experience, super pairs like the ones I mentioned don't work well to establish positions and can drain the account if you get them wrong. Ironically, many rookies were killed. I seriously think that if you don't have solid experience and know what you are doing, you shouldn't even have GJ GN GA on your chart.
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