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Pivot Points

Second example of Heikin-Ashi system, legendary profitsHere is another example following on from my first post. Another indicator that’s important is when the CMF is below the 0 line and starts to turn towards the 0 line. this is a sign of strength and a sign that the weakness in the market(downtrend) is coming to an end. The change comes at the exact point of the Heikin-Ashi doji which means that this is a strong entry. As you can see this trade worked out and proves that Heikin-Ashi can be very profitable if it is followed properly.
NASDAQ:TSLAEducation
by Major-Heikin-Ashi-Legend
1
My success with GMA +500% by TA.At the end of August 2020, I saw that the GME price touched its historical low (the lower red horizontal line). At the same time, the "Diamond" reversal model was formed. The breakout of the" Diamond " up on 31/Aug/2020 confirmed the reversal from the downtrend to the uptrend. Next, I used the old-school tactic of "Measured movement" according to D. Schwager - according to which each new wave of growth is equal to or slightly greater than the previous one. And each new wave of falling is equal to or slightly less than the previous one. And this "Measured Movement" clearly bounced off the support line of the new trend (the purple line). This allowed me to surf both long and short until mid-January 2021. Then the growth became threatening, I closed GME and took a profit of about +500%.
NYSE:GMEEducation
by Dr_Chester
8
Shield walls & battle plans when using pivot points.I always recommend when it comes to bull markets, "nibble on dips, and enjoy the rips." No need for profit taking, but when capital needs to be invested the best modus operandi is to wait till price falls and confirms a bounce off the pivot points to the right. I want to put in your minds eye, your third eye an image. A warzone between warring Viking clans. I do not care if you are short or long (although it is ill-advised to short a bull market) but use these pivot points for planning all your entries and exits. Imagine you are on the battlefield and you have the warring Viking shield wall running right at you, and you are in the middle of the field on your lonesome - I would say unless you have the buying power of a market maker it will not end well and typically you enter your position immediately in a loss. Now, let's say instead you watch on the sidelines and see the enemies charge the shield wall and clash into the pivot point. I recommend joining your shield wall at that point as you will have an army of buyers putting up a fight with you. Or if the wall breaks with confirmation, and we are in a bear market you have a target for your short and you will know where to take profits and bow out for the next conflict. I do not know if that imagery is of any aid to anyone, but literally this how I view trading and it makes it a heck of a lot more entertaining to watch it play out. We are blessed to not be in a day & age of having actual shield walls, but let's still trade strategically with a battle plan as the capital and resources are exactly what many of those conflicts were all about. Good luck trading guys!
BITSTAMP:BTCUSDEducation
by ZenMode
4
Swedish sterling - darvas box trade patternDarvas box trade explained with Swedish sterling as example. Where to put on the trade, where to put the stop loss and context. Context, swedish sterling is a stock with increasing trade volume, in a rising market and in a bullish sector with news of a recent patent filing to the european patent office. Swedish sterling A clean tech company, filing a new patent of Sterling engine which is more efficient in converting to electricity . The company's latest product - the PWR BLOK 400-F - is a propriatery solution for recycling energy from industrial residual and flare gases and converting these into 100% carbon-neutral electricity at high efficiency. According to an independent certification, the PWR BLOK is the cheapest way to generate electricity that exists today, yielding greater CO\2\ savings per krona invested than any other type of energy.
SEducation
by kulturdesken
1
HOW-TO Use the MTPredictor Trade setups with a Forex exampleIn this help video, we would like to take a look at how to use the MTP Trade Setups, with a current FOREX example on the EUR/CAD. As you can see in the video, MTPredictor is not a "Black Box" system to be traded 100% mechanically. We do not do this because we view the Markets as being random (without any clear pattern) about 50% of the time. To decide when the picture is clear, we look to the Market making a clear reversal at "higher time frame" DP support/resistance, This was on the Daily time frame in the video. The EUR/CAD then reversed at the Daily DP resistance which set the larger degree tend to down, and as such signalled that short trades should be considered. In the video we then added the Analysis to the current TS4 sell setup. As this setup has not currently reached its first projected Profit target we can come back to this later and see how it unfolded. Please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always uses Stops and keep your losses small.
Education
by MTPredictor
HOW-TO Choose the Pivots to select for your MTP Decision PointsIn this How-To video, we show you how to choose which Pivots to use when placing your MTP (MTPredictor) Decision Points (DP's) on your Chart. The basic guidelines are, first choose the "last swing" into the previous high or low. Then, if that DP is exceeded, then choose the "previous major swing high or low." If the market is making new highs or lows, then choose the "last swing high or low in the same direction". Please do not choose every previous swing Pivots as this will result in support/resistance levels all over your chart, and as such will become meaningless. If the Market makes two consecutive closes beyond the DP level, then the level is considered to have failed and the market trend is then assumed to continue in the original direction. I hope you have found this helpful.
Education
by MTPredictor
How to use Camarilla Opening Range Hello traders, Here I shall demonstrate you how you can use Camarilla Weekly Opening range S1 to R1 (in tradingview, otherwise Camarilla levels are marked with H1,2,3,4,5,6 (High) and L1,2,3,4,5,6 (for Low). ------------------------------------------- If day, week or month opens and price start trending ABOVE Camarilla Opening Range you look for LONGS, targetting 1. R3 2. R4 3. R5. R5 Final target after breakout of R4, as price rarely makes it to R6 during a week / month. Usually I never target R6 - this is quite unrealistic target (though it might work in supervolatile instruments as bitcoin). If day, week or month opens and price start trending BELOW Camarilla Opening Range you look for shorts with targets as above. ------------------------------------------- You can use Moving averages (best static ones - multitimeframe that do change when you flip charts) to confirm entries. This system is similiar to Mark Fisher´s Opening Range using the open instead of close (which are typically the same, as candle usually opens where it closed). This should greatly improve your trading as you will have REALISTIC VOLATILITY BASED TARGETS based on previous close, high and low. Good luck!
BITSTAMP:BTCUSDEducation
by ICFX
Takuri: shadow down - trend reversal Takuri: shadow down - candles confirmed reversal The main thing that everyone is interested in is, of course, what candles can confirm a market reversal. One of the main candles immediately pointed out by the Japanese is the Takuri. The Americans called it a pin bar, where a pin is the shadow of a candle, which is longer than the body. Another name is "Hanging Man". A lot of names, the essence is the same. According to the Japanese, the color and the size of the body of such a candle is not very important. The main thing is the lower shadow, which is much longer than the body. Such candles certainly reflect investor psychology. Here this long shadow is an indication that the bulls were significantly stronger than the bears during the candles. Of all the candles in existence, pinbar have the strongest signal. It should be interpreted using trends, channels, support/resistance and other candles, as well as confirmed. Remember: Pinbars cannot be used as an independent signal. If you can find a good confirmation for the pinbars, however, they can become the basis or addition to your trading strategy. As a result, quite a few systems are based on pinbars. Push like if you think this is a useful idea! Write your comments and questions here! Thanks for your support!
Education
by Yuriy_Bishko
15
How to use yearly pivotsYearly pivots are among my top favourite tools. Nearly all the major reversals or rallies stop or turn at yearly pivots. You can also use them as targets when you see price is heading or is close to yearly pivot. It will surely hit it. You can observe it for yourself on this EURUSD chart. When price is above yearly pivot target R1 if below target S1. Watch also Yearly Midpivots (they are also very important). It is good to use long term moving averages along with yearly pivots to detect the long term trends. To apply yearly pivots use - choose "pivot points standard" then choose yearly classic, set period to 2 last years, unclick R3 S3 as price rarely makes it those (unless it is a super volatile pair). For mt4 you can download free indicator "yearly pivots". Good Luck!
Education
by ICFX
📖 How to trade horizontal levelsHello! If you like this analysis, please make sure to like the post! Today we are going to focus on horizontal levels (HL). ➖HLs and other instruments are based on MA, they are used only for determining support and resistance levelling. They are plotted depending on where the price movement stopped, where the price made its important high/low/close. Higher timeframes are used to find horizontal levels and lower timeframes are used for more accurate measurements. Monitoring the weekly level of graphs throughout a working out day, 3D or 4H is called “synchronization”. 🧐You should determine the horizontal level using at least two points, since the consistency and reaction of the price should be checked. You should note that the usual “the more price rebounds from the level, the stronger it is” rule is not working in this case. Actually it works in the opposite way, as the number of attempts increases the higher the probability of breaking the level. 💡 For example, now it is very important for bitcoin to have a level of $10,000, which was formed in May 2018. It held the price several times throughout several months, but in the end it was broken upwards. Now it is the most powerful psychological support for most of the traders. ❗️ There is another advantage of horizontal levels — the longer the level holds the price, after breaking it, it will work in the opposite direction either as support or resistance. 👉HLs are important psychological markers to which price is returning to for testing. While reaching the level, the price movement may slow down, as many traders are fixing their positions close to it. 👉In general, there are a few HL trading strategies. You should always remember that a strong tool such as TA is just a guideline. You have to see the correct price reaction, and simply buying or selling depending on the level without any confirmations — is just a lottery. 📌By saying the correct reaction, we mean that there is a trade above or below the level, as well as strong candlestick patterns. By the way, a combination of HL and trend. Lines can form patterns, like triangles...
COINBASE:BTCUSDEducation
by I.T.Analytics
5
Tutorial on selecting your Price TargetR - Stands for Resistance 1, Resistance 2, Resistance 3 S - Stands for Support 1, Support 2, Support 3 P - Stands for Pivot Point One resistance level may be tomorrow's support. An easy way while initially learning is from analysts reports. I prefer to use pivot points based off TF's I anticipate tying up buying power in the trade. I.e. I5m-1hr Intraday Daily TF 1-4 days Weekly TF 4-14 days If you are not using pivot points, they are very easy to use on TradingView and will help have more success when selecting entries, stops, and targets.
NYSE:LMTEducation
by ZenMode
3
[2] Risk Management & Market Psychology.Wanted to expand a little bit on my prior post, in which I explain a few more key concepts. - Risk Management - Laddering (DCA'ing) into trades - Identifying the highs/lows - Market Psychology - Wave timings as a reflection of momentum Most the information is on the sheet, and I prefer to keep little snippets or pockets of information, so this leaves you all to go and do your own research, where you will absorb it a lot more. This is all very much a sneak peak of what is to come. Expect sometime in the future to have a copy of all my knowledge in a book, this will help give you a chance on developing an edge in the markets, which can be applicable to any asset. From my prior post, we saw the bullish count come into play in which the 1.618 fib extension was a perfect place to take profit and look to add back on the dip. Many thanks, Anon.
BITSTAMP:BTCUSDEducation
by monetae_anon
70
Bitcoin Pivot Points: one of TV's greatest free toolsTV indi "Pivot Points Standard" set to "traditional" style. What is a Pivot? The word "Pivot" is used a lot, meaning many different things. What I am showing is the ''Old-School'' definition of that term. This "indicator" has been in use since 1970's with great results. Pivots are as simple as this: (H+L+C)/3 of the previous period = Center Pivot (P) in the current period. The 'Support' ( Sx ) and 'Resistance' ( Rx ) pivots are derived from the above. There are many variations, but ''Traditional'' is the first, and most widely used. Some very cool aspects: Pivots do NOT repaint, they are plotted at period beginning and stay till end. Back-testing is easy, change "Historical Pivots" setting as far back as you want. Clutter free, Interpretation free, Labor free, and best of all, FOR free on TV :) What do they tell you? They seem to make good TARGETS for a move, and often lose energy there. Many traders will look to take profits at a Pivot , which is obvious in above chart. Strength of a trend can be gauged by which Pivots the asset is hitting most often. Who uses them? Many, many traders still use them, as do Banks and Money Managers. Swing traders looking for Daily, Weekly, or Monthly trades, set and forget. Even Fibonacci fans such as myself will glance at the Pivots to get a bearing. How to Deploy them? Back in the day Pit Traders had index cards with Pivot Points (values). Trading View has a free indicator "Pivot Points Standard" which I use. For a detailed Tutorial on How to Use Pivots, see these Ideas below: Chapter 1 : Intro and Setup Chapter 2 : Adding "Mid Pivots" Chapter 3 : Plotting Future Pivots .
COINBASE:BTCUSDEducation
by EuroMotif
15
Divergent BarsDivergent bars help a trader identify a potential shift in the current price trend. Divergent bars are an effective technical tool for futures, options, and stock traders using any timeframe. A divergent bar is defined as the following: 1. A potential shift from a bullish trend to a bearish trend is evidenced by the current price bar showing a higher high than the previous bar and the current bar closes in the bottom 50% of the price bar. Also known as a Bearish Divergent Bar . This indicates that bullish movement higher is weakening. 2. A potential shift from a bearish trend to a bullish trend is evidenced by the current price bar showing a lower low than the previous bar and the current bar closes in the upper 50% of the price bar. Also known as a Bullish Divergent Bar . This indicates that bearish movement lower is weakening. To open a position using the divergent bar: 1. When the divergent bar indicates a possible bearish entry , place an order to buy to open a put (for options traders) or sell short (futures traders) at the low of the divergent bar. If the bullish trend is not complete, it is likely this position will not be filled. If, before the order is filled, the price moves above the high of the divergent bar, the bar is no longer valid as an entry signal and open orders should be cancelled. If the order is filled, use your usual profit targets, which will vary by trader. If the position is filled, futures traders should set a stop based on the high of the divergent bar. Options traders should monitor the price action and close the position if price moves above the high of the divergent bar. 2. When the divergent bar indicates a possible bullish entry , place an order to buy to open a call (for options traders) or buy long (futures traders) at the high of the divergent bar. If the bearish trend is not complete, it is likely this position will not be filled. If, before the order is filled, the price moves below the low of the divergent bar, the bar is no longer valid as an entry signal and open orders should be cancelled. If the order is filled, use your usual profit targets, which will vary by trader. If the position is filled, futures traders should set a stop based on the low of the divergent bar. Options traders should monitor the price action and close the position if price moves below the low of the divergent bar. The most effective way to use the divergent bar signal is to view it as one signal aligned with another reliable signal, such as the Bollinger Bands, Awesome Oscillator, or other momentum/trend shift indicator. The signal is so specific that it adds exceptional strength to the likely reversal. For example, on the chart of TVC:SPX , two divergent bars are highlighted, each one anticipating a strong and clear reversal in the swing trend. In the first example, a Bullish Divergent Bar appears at the beginning of October. The low is lower than the previous bar’s low and the current bar closes in the upper half of the price bar. This indicates a potential long entry. It is also paired with a Bollinger Band Snap. The next day stochastic crosses up and the high of the divergent bar is broken, signaling a long entry. The second example occurs in late January with a Bearish Divergent Bar . The high of that bar is higher than the previous bar’s high and it also closes in the lower half of the price bar, signaling a bearish divergent bar. The next market day the low of the divergent bar is broken, the Awesome Oscillator (AO) is red, and stochastics is crossed down. This alignment between divergent bar, AO, and stochastics signals a short entry. In both of these examples there is strong follow through from the divergent bar entry. Moving 35 points immediately to the upside on the bullish divergent bar entry and trending about 100 points lower the days following the bearish divergent bar entry. Divergent bars, when paired with other indicators, can be a reliable indication of a potential shift in the trend.
SP:SPXEducation
by NewCycleTrading
3
Simple pivot strategyFree money. Price usually never misses daily pivot. And if price does miss pivot during a day - it will come back to that level sometime later. God knows when but it will. This applies to all pairs but works very well in gold as you see. If you see price open with a gap away from the daily pivot - you can safely target daily pivot 90 percent of time it will hit it. Those 10 percent of times when price might miss a pivot happen during the strong trends. Actually a missed daily pivot or two marks a START of a strong TREND. Test various instruments yourself and just get convinced. The same applies to weekly and monthly pivots. With missed weekly pivots you can catch dozens of pips. GOOD LUCK!
OANDA:XAUUSDEducation
by ICFX
4
Where Euro turns?As you see if price breaks monthly A or C pivots (of Fisher's ACD system based on opening range) it usually turn at classic monthly R1, S1, sometimes reaching R2, S2...and very rarely S3, R3 (in case of extreme volatility as with covid or some major crisis). Why so? Bcs most American institutional traders use floor pivots for targets. BUT keep in mind we are in the end of the month and June 2nd we will have new monthly opening range and new A and C pivots. Today bullish move stopped at monthly R1. I suspect price will return to A pivot. This system is great trading map.
Education
by ICFX