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I just came across this method the other day, and I'm absolutley loving it. I've been messing around with the setups to try to tweak it exactly for me, but I'm thoroughly impressed with this whole setup as well as with Steinitz's generosity in sharing this AND responding to everybody's PMs/emails AND posting so much. Very appreciated, Steinitz. If I ever meet you, the beer's on me ;^)
That was really a good one. Can you please tell us if you used an indicator to determine the pivot/support/resistance levels? If yes, can you please post the indicator or how you calculated these levels?
Thanks a lot.
Hey fxd01, I use an indicator for the pivots. I have been studying the use of pivots for some time and am amazed at their accuracy. Combined with this ha candle method has shown to be a killer combination. Not 100% mind you, but very close. You don't even need to be at the computer all day. I just place 2 trades with the pivots as my tp and check when I get a chance. Check my usd/chf trade on Friday, just look at the price action.
That was really a good one. Can you please tell us if you used an indicator to determine the pivot/support/resistance levels? If yes, can you please post the indicator or how you calculated these levels?
Thanks a lot.
Check these joints out.
Both update every 24 hrs. No good on Monday because of the half day on Sunday. Once Tues. rolls around, they're good tho. One is Fib's and the other's camarilla/pivots.
Coolhand are you using the server time as your pivots, or are you shifting to your local CST time? I saw you mentioned 5pm Central US time (where I am too) - but wasn't sure if that is what you were basing your pivots on....or GMT....or server time...etc
Coolhand are you using the server time as your pivots, or are you shifting to your local CST time? I saw you mentioned 5pm Central US time (where I am too) - but wasn't sure if that is what you were basing your pivots on....or GMT....or server time...etc
Thanks.
Hey tracej, the indicator works off the platform time, it's not adjustable. I found that at FXDD, their 00:00 time is 5pm my time. That could change in the future if they go to dst, but right now I'm not sure. I do know the indicator bases it's calc off the previous days movement. By the way, here's my cable chart.
Here's my yen chart just for laughs! The price did go past the lower support but who cares? Notice the price confluence around the pivot lines. If I was on the ball, I could have gone long on the reversal and taken pips at the r1 line but, I am also working a fulltime job so I'll take what I can get while the gettin' is good!
Hey fxd01, I use an indicator for the pivots. I have been studying the use of pivots for some time and am amazed at their accuracy. Combined with this ha candle method has shown to be a killer combination. Not 100% mind you, but very close. You don't even need to be at the computer all day. I just place 2 trades with the pivots as my tp and check when I get a chance. Check my usd/chf trade on Friday, just look at the price action.
Can you please tell me what setting you are using to display your charts?There beautiful.......
Can you please tell me what setting you are using to display your charts?There beautiful.......
Hey Steinitz. Great thread! All you have to do is get the chart the way you want it, go to file and choose save as a picture, save it as an active chart, then give it a name and it will save the screen into your templates directory, then upload the file to your post. This is an awesome indicator package dude!
Hey fxd01, I use an indicator for the pivots. I have been studying the use of pivots for some time and am amazed at their accuracy. Combined with this ha candle method has shown to be a killer combination. Not 100% mind you, but very close. You don't even need to be at the computer all day. I just place 2 trades with the pivots as my tp and check when I get a chance. Check my usd/chf trade on Friday, just look at the price action.
coolhand, thanks for the indicator and the explanation.
And another chart
It's very easy!
Linear Mode
