Daily pivot bounce
Page 1 of 734 123 ... LastLast
Results 1 to 10 of 337

Thread: Daily pivot bounce

  1. #1
    The egy for the daily pivot bounce is straightforward and effective. Step one would be to recognize a currency that is in a continuous stepped-up (or down) major trend. When a currency is trending in a way, it moves with a basket of paired currencies. So as many as four (or more) pairs might be traded in unison. The set of charts of EUR show price action whilst at a major bull trend on a 10 m time frame. The decrease set shows the pairs onto a 30 m time period which allows us to clearly see the stepped-up trend that is rising.





    Here are the charts for EUR pairs that this morning at 8:55. Notice that price met its bottom on pairs at seven am GMT. This offers the buy entry signal (usually at the daily pivot, but not necessarily ). The line for reversal can sometimes be 4 am, however is usually 8 or 7. See the charts below for the form of this stepped-up rising trend. It seems to have stronger as the week progresses which is representing a EUR against all other currencies. I chose EUR/USD for my commerce and made 500 by setting a 50 pip target at 10 per pip. At the time I took this screen shot price was rising.



    In short, here are the essential setup rules for the use of this egy:

    1. Just scalp at the direction of the major trend.
    2. For a long position be certain price is already above the daily pivot, and for trades price is below the daily pivot.
    3. For long trades be sure the 20 ma (green) and 50 ma (blue) are above the 100 ma (yellow), and for quick trades that the 20 ma (red) and 50 ma (orange) are below the 100 ma (yellow).
    4. Use a lower timeframe, i.e. 10 or 5 moment for precision entrance.
    4. If price is retracing against the major fad, wait for it to reach a summit and then input from the direction of this trend.
    5. Exit all open positions before a'news' item is scheduled to be published.

    When these setup conditions are satisfied, a 30 m chart is to be posted so that we could be ready for a test-trade. After the move has been completed a chart will be posted to demone the outcome.

  2. #2
    Quote Originally Posted by ;
    Hi Telliboy I checked a couple of charts and incorporating this 100 MA I have noticed that about the daily TF it is much clearer the tendency of the currencies, '' I can see very nicely where the price is about ten I went down, the 15 TF as I have no 10 minute TF and I did notice the price very close to the currency. Suddenly it came to my head or perhaps I read someplace about after the large Frame and then go down to a small one and if it is in comparison with the most important one only wait to go into the trade before the MA from the small TF will align with the daily TF in other words...
    Placing it a just as possible Ralfy, I use the 30 m period frame using a 100 ma for the major trend indior, afterward, when price dips down showing a minor down tendency on the 20 ma (I use green for the 20 ma rising and red for its 20 ma falling) towards the daily pivot I switch to the 10 m period frame to stabilize my entrance. I use the candles to indie the floor. I visit that the pullback that you may observe a thrower pulling back his arm to throw a chunk After the bottom candle forms a downward spike or a doji. Does this make sense? Consider the charts and you will see what I mean.

  3. #3
    Quote Originally Posted by ;
    quote Hello Ralfy, allow me to see if I will answer all of your queries. Your first question,'how to work out the right time to put in the transaction'? This is a bit tricky. Now such as I entered early and got stopped out to the pullback. I guess its a case of expertise. There is a tendency, when being careful, to set a stop entrance above the last bar when price begins to grow, but you get stopped out to the pullback. Wait for the pullback at 7 and I am trying to work out more patience. It is becoming so predictable that it...
    Tellboy,
    I value your time and effort in sharing with your system and answering questions. What are the additional two MA's which you use on your chart besides the 100 MA? Thanks for your help!

  4. #4
    Quote Originally Posted by ;
    quote Tellboy, I appreciate your time and generosity in sharing your system and answering inquiries. What are the other two MA's that you use in your chart besides the 100 MA? Thanks for your help!
    Hi Chango, I use a 20 ma rising in green and falling in crimson, and a 50 ma rising in blue and falling in orange. About the 30 m time period before it begins to climb the 20 ma can dip down to touch the 50 or even the 100. If the 20 falls right through the 100 then it's time to examine the possible end of the trend. About the 10 m time period a 100 ma is vital for a long position. The 20 ma could be viewed to cross over 50 or even the 100 ma on the 10 m time frame. The key issue to keep in mind is that the ma's on the 10 m has to be moving in the exact same direction as on the 30 m. Look at the charts and you'll see them clearly.

  5. #5
    One for its people that are pivot, nice. Keep it up

  6. #6
    I rather suspect that we may have seen the end of this week's rally of the EUR as it has attained the 11,300 degree against USD and touched on the 100 ma on the daily chart. I shall take stock of all currency places after the bank holiday and also likely stay from this market until Wednesday, simply to see how things proceed.


  7. #7
    Hi Inform,

    Interesting thread, thanks for sharing.
    I exchange MAs myself appearing left for R/S levels, today I will pay attention to the daily pivot degree too.
    Regards,
    k

  8. #8
    Caution was verified together with confirmation that this system functions. Look at the charts below to see the pattern in action.

    The first chart shows the trend direction changing from bullish to bearish. Price has retraced to the daily pivot on cue and led downwards. The next chart shows the EUR from AUD, CAD and JPY. Also see price action on EUR/JPY is equal to that on EUR/USD.





    We could expect to see the same pattern that we've been utilizing for an up-trend go into reverse for a bear proceed on the EUR. When we follow the rules we ought to have the ability to make some good profits this week. Happy trading to all.

  9. #9
    Morning Tell
    Hope You had a wonderful week-end and You are at 7.15 there was the reverse, it just touched the Main Pivot and then all of the way down and still going, easy over 50 pips this morning. I see from the chart Your Pivot is just like mine.I got it out of Action Forex 1.1220

  10. #10
    Thank you for egy Tellboy and your insight. I'm following with much attention. In terms of the 7:15 time, how does this relate to the Foreign Exchange sessions? Does this equate to 1hr or the London open before roughly?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.