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good, profitable 26 74.29%
good 5 14.29%
average 3 8.57%
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Old 02-03-2008, 09:48 AM
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Thanks very much TimeFreedom!

And thanks very much to StevenAli for introducing this strategy.

Zimmer
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Old 02-03-2008, 11:01 AM
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Hi Raju !

I have follow this thread since the beginning, and it seem to me than the momentum is not now used...

Anyone confirm this ?

Quote:
Originally Posted by Raju View Post
I would like to add a word of caution regarding your latest entry at 209.70 as it would not have been in accordance with The Only Pivot Rules which calls for the Momentum to be at or around 100. Your patience to wait untill after the news is commendable, even so, the entry candle looks quite large rendering the quality of the entry signal questionable. Could it be that the Forex Gods wanted us to have an early weekend?

Best regards.

Raju
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Old 02-03-2008, 12:27 PM
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Smile SMMA Difference

Time-

Hate to be one of "those guys"... but the PerviousDayAndFloatingPivot_O indicator from the first post differs from the one in your charts you post. My SMMA looks too jagged if you know what i mean. Pivot is the same though.

I looked back through the history... 180 pages. Couldn't find the indicator your using. Do you have better results (aka fewer falsies) with this smoother MA?

Thanks for your help, your awesome.
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Old 02-03-2008, 02:35 PM
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Stevanali stop using the floating pivot line which is included in PerviousDayAndFloatingPivot_O indicator sometime ago and started using the 2 SMMA. You can turn off the floating pivot line by selecting the #1 color in the indicators colors tab and selecting none for the color.

Currently we are using the following custom indicators:
TheOnlyPivot_Level_Sun
TheOnlyPivot_Signal_Sun

We are also using the following built-in indicator:
2 SMMA = 2 period smooth applied to: Weighted Close (HLCC/4)

IMO you should use the Template and Indicators posted here.

TimeFreedom

Quote:
Originally Posted by moredred View Post
Time-

Hate to be one of "those guys"... but the PerviousDayAndFloatingPivot_O indicator from the first post differs from the one in your charts you post. My SMMA looks too jagged if you know what i mean. Pivot is the same though.

I looked back through the history... 180 pages. Couldn't find the indicator your using. Do you have better results (aka fewer falsies) with this smoother MA?

Thanks for your help, your awesome.
__________________
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Old 02-03-2008, 05:46 PM
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Arrow

Quote:
Originally Posted by Raju View Post
Thank you TimeFreedom for your fantastic job fine tunning the pivot level indicator now fit for platforms with all server times within any given 24 hour day.

I would like to add a word of caution regarding your latest entry at 209.70 as it would not have been in accordance with The Only Pivot Rules which calls for the Momentum to be at or around 100. Your patience to wait untill after the news is commendable, even so, the entry candle looks quite large rendering the quality of the entry signal questionable. Could it be that the Forex Gods wanted us to have an early weekend?

Best regards.

Raju
Dude the screen u posted was due to NFP.
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Old 02-03-2008, 06:08 PM
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Thumbs up Hello all, a quick one

Hello all, at first, thank to Ali for starting this thread. Someone told me about this thread on Friday and since then I am constantly reading it .. after 85 pages, I gave up ... tired or something but sort of lost the interest because I got confused about the set up.. TimeFreedom has mentioned and pointed out about the new set up with the indicators, Thanks mate for your help here but I still have a few questions.

Is the template and those indicators provided in one of TimeFreedom post up to date?? Eveyone who's following this system using it?

The indicator "TheOnlyPivot_Level_Sun" is opnly drawing the open price of previous day. That isnt a Pivot? I thought pivot is H+L+C/3 ????

PHP Code:
         if(TimeDay(Time[i]) != TimeDay(Time[i+1]))
         { 
           
OP Open[i-TimeShift];
         } 
I use Alpari who are +1GMT, is anyone else here on Alpari?

Thanks and best regards
- Syed
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Old 02-03-2008, 06:20 PM
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Wink

Quote:
Originally Posted by syedks View Post
Hello all, at first, thank to Ali for starting this thread. Someone told me about this thread on Friday and since then I am constantly reading it .. after 85 pages, I gave up ... tired or something but sort of lost the interest because I got confused about the set up.. TimeFreedom has mentioned and pointed out about the new set up with the indicators, Thanks mate for your help here but I still have a few questions.

Is the template and those indicators provided in one of TimeFreedom post up to date?? Eveyone who's following this system using it?

The indicator "TheOnlyPivot_Level_Sun" is opnly drawing the open price of previous day. That isnt a Pivot? I thought pivot is H+L+C/3 ????

PHP Code:
         if(TimeDay(Time[i]) != TimeDay(Time[i+1]))
         { 
           
OP Open[i-TimeShift];
         } 
I use Alpari who are +1GMT, is anyone else here on Alpari?

Thanks and best regards
- Syed
Yeap its not exactly Pivot trading, more of a daily candle open price trading, u go long if it crossed above open and short if it crosses below. You could also simply zoom in on a daily candlestick and use that too
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Old 02-03-2008, 06:28 PM
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Quote:
Originally Posted by tonydtrader View Post
Yeap its not exactly Pivot trading, more of a daily candle open price trading, u go long if it crossed above open and short if it crosses below. You could also simply zoom in on a daily candlestick and use that too
Cheers mate.
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Old 02-03-2008, 07:21 PM
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Thumbs up Thanks!!!

Quote:
Originally Posted by TimeFreedom View Post
Stevanali stop using the floating pivot line which is included in PerviousDayAndFloatingPivot_O indicator sometime ago and started using the 2 SMMA. You can turn off the floating pivot line by selecting the #1 color in the indicators colors tab and selecting none for the color.

Currently we are using the following custom indicators:
TheOnlyPivot_Level_Sun
TheOnlyPivot_Signal_Sun

We are also using the following built-in indicator:
2 SMMA = 2 period smooth applied to: Weighted Close (HLCC/4)

IMO you should use the Template and Indicators posted here.

TimeFreedom
That clears it up... =TF
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Old 02-03-2008, 08:08 PM
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new thread

Quote:
Originally Posted by Tokarus View Post
Hi Zvezdolet,

1. In the original strategy discussed here, the author proposed to use market open as the (horizontal) pivot level. I propose to use the previous Close, which is one TICK before the market opens (e.g. 16:59:59). Since Forex is a continuous market the difference should be minimal, if any.

2. Floor Pivot is an old equation coming from futures market, where one takes the sum of previous day's High + Low + Close price and divides it by 3. THen one calculates Resistance 1, 2, & 3, and Support 1, 2 & 3. But, S/R levels don't feature in my version.

I See that very few people are interested in my version, so rather then confusing issues here I may start a new thread.

Cheers, Kris
hello Tokarus
You have opened a thread??
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