Wavegarrick » 18 Feb 2017, 13:19 wrote:Hi Guys,

I have been asked via Pm how I use MTF pivots.

Just a quick recap on multi timeframe pivots and this has been since the evolution of Nanningbob's 10.1 version up to 10.7.

I use DWMPivots.

Basics:

- Daily pivot above weekly pivot and weekly pivot above monthly pivot means buy trades only and vice versa only sells.

Buy trend:
Here I set a buy limit at daily support 1 and 2 or daily pivot if price is above daily pivot if below I set a buy stop.
Target could be daily Res 1 or 2 or weekly res 1 or monthly res 1.

Sell Trend:
same as above in the opposite direction.

Consolidation (Ranging):
- Daily pivot is between the weekly pivot and monthly pivot.
Here I set a buy limit at daily support 1 or 2 and a sell limit at daily res 1 or 2.

Counter trend trades:
Here I use monthly resistance 2 or 3 for sell trades and vice versa support 2 or 3 for buy trades.
You can go blindly and set buy or sell limits without looking at price action but do expect drawdown.
Confluence of daily resistance and weekly resistance 1 or 2 and monthly resistance makes a good case for a sell trade
and vice versa for a buy trade. Signs of rejection are also if price starts making for daily support in an uptrend and vice versa for a sell trend.
I also start looking for daily pivot to go below daily open.
Once again I start looking for daily pivot to move below weekly pivot weekly pivot below monthly pivot to get back into the opposite trend.

Much of Nanningbobs teachings are based on the the 240 Lwma 4Hr timeframe which closely follows the monthly pivot and this is our trend direction.

Entry triggers:
We use stochastics 722 linear weighted set to close. Nowadays I just use 533 stochs because I have Hgi to help me with the entry.

Anyway this is a quick summary and lots more involved.

Please feel free to disagree with me but this is just a part of my schooling from Nanningbob in a nutshell and many thanks to Bob .

Cheers
Leon

pankajbawdane » Thu Mar 14, 2019 8:32 am wrote:Hi Bob,

I am a huge fan of your trading systems and methodologies.
I have been following you from FF Version 4,5 and 10.

I started following you here recently on 10.7 thread which again looks promising.
I am from India and trying to fit this strategy on Indian market stocks.

Market is not open for 24 Hours. It starts by morning 9.15 AM and stops by 3.30 PM from Mon-Fri.
(So approximately 7 candles Oh 1H and 2 candles of 4H for a day)

Can you guide how can I implement or fit 10.7 system in my case.

I would appreciate if you can put some light on few basic questions like which time frames I should prefer, W2.1/D2.1 and STO 7.2.2 should I keep as it is or change to some other parameter.

Thanks in advance.

Gertje » Mon Jun 15, 2020 5:43 pm wrote:I'm asking here, since it's the last thread from NB where something was posted.

I've searched for the better half of last weekend, but can't find it.
Bob once introduced an indicator that shows the bar that is 'xxx' bars back by drawing a vertical line.

I want to use it to see when Peaky is about to switch over to another PH/ PL after the current one has passed the 1682 [?] bars that Peaky uses to determine the most recent PH/ PL.

If anyone can point me in the right direction, thanks a lot!!

bodavid » Mon Jun 15, 2020 12:34 pm wrote:
Is this what you look for?

viewtopic.php?f=38&t=3259&p=88209&hilit ... ack#p88206