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Whatever Works

  • #221
  • Oct 24, 2022 6:53am Oct 24, 2022 6:53am
We are still above 4000 man... Don't forget that!
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  • #222
  • Oct 24, 2022 6:57am Oct 24, 2022 6:57am
Quoting since80808
Or let me ask do I understand your algo right: 1. Previous session largest candle in the largest impulse selected blue {image} 2. Pivot point of this candle is 1,651.72 {image} 3. This point is above 4000 at M1, so we have to buy from this point with TP an SL from the previous session's high and low {image} Everything right? Thanks in advance
We have to buy if it is a limit order, that is price is above it after your calculation.
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  • #223
  • Oct 24, 2022 6:58am Oct 24, 2022 6:58am
Quoting BiteFX
{quote} We have to buy if it is a limit order, that is price is above it after your calculation.
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  • #224
  • Oct 24, 2022 7:03am Oct 24, 2022 7:03am
Quoting BiteFX
{quote} We have to buy if it is a limit order, that is price is above it after your calculation.
For Ellioticians, you will understand the power of wave cycles... We trust that the market will pull back into that limit order and continue either higher or lower... But, at what point? Use your session pivot man! Look at your chart, your broker isn't mine... Use your chart and call the shots man!
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  • #225
  • Oct 24, 2022 7:08am Oct 24, 2022 7:08am
Quoting BiteFX
{quote} Use this for your cycle lines. You did well man. {image}
From market open time, add 1:55, cycle lines plots the rest times into the future. So, you have about 2:55 hours in a session. Do you get it man?
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  • #226
  • Oct 24, 2022 7:12am Oct 24, 2022 7:12am
Our chart is a 2 dimensional plane... Time x Price.
Time- x axis
Price- y axis
When you find a way to marry the two such that you are able to make money in the market, whatever, that's it!
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  • #227
  • Oct 24, 2022 7:20am Oct 24, 2022 7:20am
Quoting BiteFX
{quote} We have to buy if it is a limit order, that is price is above it after your calculation.
But in my example the current price is below the pivot price. So
we use buy STOP
or
don't buy at all?
Just an opinion. Based on research
  • #228
  • Oct 24, 2022 7:34am Oct 24, 2022 7:34am
Quoting BiteFX
{quote}(a) if it has not been visited while market is falling it was below 4000(b) or while market is rising it is above 4000. Then they are deleted forever. 3. Calculate for the previous session to trade this current session following the rules.
Excuse me, pivot line "lives" till the end of the current session
or
till the end of the current trend (above|beyond 4000)
?
Just an opinion. Based on research
  • #229
  • Oct 24, 2022 7:40am Oct 24, 2022 7:40am
Quoting since80808
{quote} But in my example the current price is below the pivot price. So we use buy STOP or don't buy at all?
C'mon man, who own the pivot bulls or bears? If bears, I don't buy, if bulls, I need a limit not stop.
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  • #230
  • Oct 24, 2022 7:42am Oct 24, 2022 7:42am
Quoting since80808
{quote} Excuse me, pivot line "lives" till the end of the current session or till the end of the current trend (above|beyond 4000) ?
Once visited delete.
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  • #231
  • Oct 24, 2022 7:43am Oct 24, 2022 7:43am
Quoting BiteFX
{quote} Once visited delete.
You don't want to clog your chart with lines everywhere, when real time price data is giving you newest pivots.
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  • #232
  • Oct 24, 2022 7:48am Oct 24, 2022 7:48am
Quoting BiteFX
{quote} C'mon man, who own the pivot bulls or bears? If bears, I don't buy, if bulls, I need a limit not stop.
Price is above 4000, pivot is above price -> we are in the buy scenario, but it's a buy stop - no?
Attached Image (click to enlarge)
Click to Enlarge Name: sgjsjkf4qqy.jpg Size: 36 KB
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM1.png Size: 27 KB
Just an opinion. Based on research
  • #233
  • Oct 24, 2022 8:13am Oct 24, 2022 8:13am
Quoting since80808
{quote} Price is above 4000, pivot is above price -> we are in the buy scenario, but it's a buy stop - no? {image}{image}
Take only limit orders when it is all set, most times stop orders are traps. Just saying... You can trade this however you want... For me, I only do limits. Right? Right.
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  • #234
  • Oct 24, 2022 8:17am Oct 24, 2022 8:17am
Quoting BiteFX
{quote} most times stop orders are traps.
so here we stay off the trade, right?
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM1.png Size: 27 KB
Just an opinion. Based on research
  • #235
  • Oct 24, 2022 8:20am Oct 24, 2022 8:20am
Previous session is over. Calculate let's see what you got man.
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  • #236
  • Oct 24, 2022 8:23am Oct 24, 2022 8:23am
Quoting since80808
{quote} so here we stay off the trade, right? {image}
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  • #237
  • Oct 24, 2022 8:53am Oct 24, 2022 8:53am
Ouk, lemme put it this way, limits are cheaper prices. How about that for understanding?
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  • #238
  • Oct 24, 2022 9:31am Oct 24, 2022 9:31am
How much did you put on the trade man? Some pull backs are deep, so, give the trade enough room to play before giving you money. Don't just chicken out too soon man!
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  • #239
  • Oct 24, 2022 9:34am Oct 24, 2022 9:34am
Am looking at 1675.04 also.
One dangerous sell limit waiting there! Woops!
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  • #240
  • Oct 24, 2022 9:43am Oct 24, 2022 9:43am
Quoting since80808
Hello BiteFX! {quote} First of all, let me thank you now - for all your work and sharing! I'm trying to follow your method, but I have several questions if you don't mind: 1. Do you calculate 1 pivot from the impulse candle or several? 2. Do you use pivot lines from the previous session for the next 1 session only and then delete them?
Oh! My pleasure
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