Hi Harry,
I can't help but like this Idea, although I think the Gurus ( Experts like Jemook and Neotrader + what's that Lady's name again ahhh yes Shelley) might just come up with a totally different idea , let's wait and see...
Warm Regards,
xrismak.
harry45 wrote:
Baluda wrote:
Jemook wrote:LONG (correct order, best setup)
LONG (careful of trend change)
weekly
daily
monthly
SHORT (careful of trend change)
monthly
daily
weekly
How to trade in these cases?
If MP<DP<WP but Slopes are in alignment H4<D1<W1 we can go short(pic.1)
The same contitions-MP<DP<WP,but Slopes are not in alignment -NO TRADE(pic.2) .
Only if Pivots and Slopes at the same time are in alignment-is a powerful weapon.
harry45 wrote:How to trade in these cases?
If MP<DP<WP but Slopes are in alignment H4<D1<W1 we can go short(pic.1)
The same contitions-MP<DP<WP,but Slopes are not in alignment -NO TRADE(pic.2) .
Only if Pivots and Slopes at the same time are in alignment-is a powerful weapon.
That is almost the same way I use the MTF...the alignment of the slopes equal to the pivots...I am just experimenting as of now which combination is the best...W/D/H4 or D/H4/H1
for shorter timeframes I also use M5/M15/M30.
In short correct me if I am wrong but the weekly Pivot will always be in the Middle of the Monthly or Daily Pivots for either a Buy or Sell trade using this Method whilst for a Careful Trade as in (a sit with the trade throughout move in case it does a Nasty U turn on you type of trade ) the Daily Pivots will always be in the Middle of the Weekly or Monthly Pivots for Careful Trades using this same Method assuming the Indicator get's the Go Ahead and is Developed finally !
Regards,
xrismak.
Jemook wrote:1. For a long Daily should be above Weekly which should be above Monthly. For a short Monthly should be above Weekly which should be above Daily.
2. That could be cool. I'm not sure how you would display all this in one dashboard though. Perhaps a new dashboard of pivots should be done separate to Currency Slope Values.
You could group them as
BUY
Correctly ordered pivot pairs (top down DWM)
SELL
Correctly ordered pivot pairs (top down MWD)
CAREFUL BUY
Daily in middle (top down WDM)
CAREFUL SELL
Daily in middle (top down MDW)
I think I got that right?! LOL
Last edited by xrismak on Sun Jul 15, 2012 1:38 pm, edited 1 time in total.
what do you think ! Can you make it work as in can you Code something sweet like that for us pleaseeeeeee ! I 'll still show up at some airport of your choice in Germany and do the MJ (Moon Walk Dance) if and when I eventually earn the coins !
GT3RS wrote:I have the greatest respect for everyone on here, especially the coders amongst us who spend hours and hours developing stuff which they then share freely with the rest of us.
Bearing this in mind, and the fact that we are asking one of these talented and selfless coders to do a load of work for us, then maybe we should just keep it simple to start with?
I'm thinking a dashboard showing each pair and the position of each piv relative to the other initially.
So, if Monthly is above Weekly which in turn is above the daily, then we have all green.
harry45 wrote:How to trade in these cases?
If MP<DP<WP but Slopes are in alignment H4<D1<W1 we can go short(pic.1)
The same contitions-MP<DP<WP,but Slopes are not in alignment -NO TRADE(pic.2) .
Only if Pivots and Slopes at the same time are in alignment-is a powerful weapon.
That is almost the same way I use the MTF...the alignment of the slopes equal to the pivots...I am just experimenting as of now which combination is the best...W/D/H4 or D/H4/H1
for shorter timeframes I also use M5/M15/M30.
would love to hear more about your findings...
happy Sunday,
NeoTrader
-
Try watching MN/W1/D1. It's crazy to see how it matches the pivot orders so well in backtesting. sometimes they cross even before the pivots do which is very interesting. I'm in the middle of doing lots of testing with this. NeoTrader's name should be up in lights for his contributions here.
Please note I am no longer affiliated with Global Prime. I've moved on to my next adventure with Afterprime.
Hey Jemook,
