Forex
Google

Go Back   Forex Trading > Discussion Areas > General Discussion
Reload this Page Fib+Piv
Forex Forum Register FAQ Members List Calendar Search Today's Posts Mark Forums Read


Register in Forex TSD!
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time).
Click here to register and get more information

Reply
Page 1 of 3 1 23 >
 
LinkBack (1) Thread Tools Display Modes
  1 links from elsewhere to this Post. Click to view. #1 (permalink)  
Old 03-06-2008, 10:34 AM
Nicholishen's Avatar
Nicholishen Nicholishen is offline
Senior Member
  
Join Date: Dec 2005
Posts: 531
Nicholishen is on a distinguished road
Fib+Piv
Is it me or is this too easy? I'm not a professional trader, but when historically you can predict with a high probablility how price action will move with S/R levels...

Pro Traders, is this a viable strategy?
Attached Images
File Type: gif future.gif (83.5 KB, 541 views)
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Last edited by Nicholishen : 03-06-2008 at 10:39 AM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 03-06-2008, 11:22 AM
philt philt is offline
Senior Member
  
Join Date: Apr 2007
Posts: 178
philt is on a distinguished road
1 demo trade and all of a sudden its easy...lol
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 03-06-2008, 11:38 AM
Nicholishen's Avatar
Nicholishen Nicholishen is offline
Senior Member
  
Join Date: Dec 2005
Posts: 531
Nicholishen is on a distinguished road
LOL no many demo trades... i haven't been able to define 'rules', but finding historical patterns and imposing them on 'today's' trading seems to be an easy thing. I've had several successful demo trades since three days ago when i finished my indicators and EA... but since i have no "rules" just judment call based on historic results... can it be this easy? In context... can it be?
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 03-06-2008, 11:39 AM
Nicholishen's Avatar
Nicholishen Nicholishen is offline
Senior Member
  
Join Date: Dec 2005
Posts: 531
Nicholishen is on a distinguished road
... one from a couple days ago missed by one friggin pip.
Attached Images
File Type: gif missed.gif (16.3 KB, 514 views)
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 03-06-2008, 11:48 AM
Guyver's Avatar
Guyver Guyver is offline
Senior Member
  
Join Date: Mar 2006
Posts: 778
Guyver is on a distinguished road
Quote:
Originally Posted by Nicholishen View Post
... one from a couple days ago missed by one friggin pip.
Pivots are very good for trading, very good work with your charts.

Regards
Guyver.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6 (permalink)  
Old 03-06-2008, 12:03 PM
philt philt is offline
Senior Member
  
Join Date: Apr 2007
Posts: 178
philt is on a distinguished road
Yes good work, can u enlighten us a little on this system..
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7 (permalink)  
Old 03-06-2008, 12:50 PM
Nicholishen's Avatar
Nicholishen Nicholishen is offline
Senior Member
  
Join Date: Dec 2005
Posts: 531
Nicholishen is on a distinguished road
Quote:
Originally Posted by philt View Post
Yes good work, can u enlighten us a little on this system..
From what my mentors have to say... is that there are the traders who use fibs, the ones that use pivs, and the ones that use both. My idea was to create two indicators (which already exist but i didn't find pivs and fibs that use fridays+sundays range for calculation)... i digress... and come up with a [signature] of the relation between both. Often times there is a direct or very close overlap in fib and piv levels which in some cases create a strong barrier for S/R and other cases not.

The goal is to search through history and match up as close as possible the exact range and placement of pivs+fibs. Then compare the previous results to find high probabilty trades. What you are seeing in the above charts are the 10 closest matched days plotted against the future >>chart. In some cases you will see a high correlation of levels that provide the strongest S/R and more often than not I can see when to trade the breakout and when to TP...

This is all new to me, which is why I threw out the disclaimer...
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Last edited by Nicholishen : 03-06-2008 at 12:57 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #8 (permalink)  
Old 03-06-2008, 01:01 PM
Nicholishen's Avatar
Nicholishen Nicholishen is offline
Senior Member
  
Join Date: Dec 2005
Posts: 531
Nicholishen is on a distinguished road
indicators......
Attached Files
File Type: mq4 FibLevels.mq4 (4.0 KB, 134 views)
File Type: mq4 PivLevels.mq4 (3.8 KB, 136 views)
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #9 (permalink)  
Old 03-11-2008, 08:48 AM
Nicholishen's Avatar
Nicholishen Nicholishen is offline
Senior Member
  
Join Date: Dec 2005
Posts: 531
Nicholishen is on a distinguished road
Another good day for prediction. Today I found Gravity lines. A hybrid of FPI and Fibonacci... cool stuff!

+63
Attached Images
File Type: gif piv predict6.gif (87.4 KB, 412 views)
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #10 (permalink)  
Old 03-11-2008, 08:56 AM
vimel46's Avatar
vimel46 vimel46 is offline
Member
  
Join Date: Dec 2007
Posts: 37
vimel46 is an unknown quantity at this point
r u using EA for your strategy

what r the entry rules
Last edited by vimel46 : 03-11-2008 at 08:59 AM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply
Page 1 of 3 1 23 >

« Previous Thread | Next Thread »

Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

LinkBacks (?)
LinkBack to this Thread: http://www.forex-tsd.com/general-discussion/12712-fib-piv.html
Posted By For Type Date
Fib+Piv - Forex Trading This thread Refback 03-06-2008 03:38 PM


All times are GMT. The time now is 05:19 AM.

Contact Us - Forex TSD| Metatrader Indicators and Experts Advisors - Archive - Top