keymoo

Sure cooter, for data series two add the symbol @ES.D instead of @ES. However bear in mind that the pivots will get calculated from the high/low/close of the daily @ES.D chart not the @ES chart. These values do differ quite a lot so would change the pivots a fair bit. You could of course modify the indicator to use whatever close value you like, I find the close of the normal @ES daily chart to be fine.

Torero, A good trade that was done in the TTM room on soybeans was when corn went limit down, look to soybeans or wheat and sell a breakdown of the first 1 min bar. Very simple and worked beautifully.

notouch is right. However my trading area is temporary and I move around a lot hence the need for the two laptops. When I get my permanent trading room, I will furnish it with desktop PCs.

Yeah notouch on my trading machine i use the classic windows desktop as it not only is less distracting, you get slightly more screen space as the start bar and title bars require less space.

Yes their volume gradient indicator does a similar thing on my charts.

I didn't export the indicator i just cut and pasted the text - that's probably the problem. The attached file should fix it. SoulTrader - could you move this file to the original post, thanks. GLOBEXPIVOTS.ELD

I liked this book mainly because it was so easy to read. It was light hearted and not deep and technical like so many trading books. It is more of a book that you might even take on holiday to read on the beach. Lots of insights into trader psychology made it a very interesting read to me. One thing that struck me was that if you substitute bucket shops for modern day forex brokers, you would think the book was written this year on forex brokers! The version I bought was rather cumbersome to read as it was a large format hardback, I would prefer a paperback version without illustrations. I read most of it in the bath and as it was so good I couldn't put it down, my arms ached afterwards. Great book.

Doesn't work for me either and I'm on TS82. v3863. Screenshot attached of candle vs. bar chart. Any ideas GCB?

Thank Nick, that's what I've done and works well. I have posted my indicator in this forum called GlobexPivots.

Note this indicator is still in beta testing. Please test it for me and let me know of any problems. Thanks. Overview This indicator calculates pivots using the daily chart - so no matter what session times you are using on your intraday chart, the pivots will be calculated the same. I've often found my pivots to be inaccurate when switching from regular session hour charts to 24hour charts. This indicator solves that problem. I also find that the pivots calculated using the overnight highs and lows to be more accurate than ones calculated using regular session hours. This indicator uses the daily chart which includes the overnight highs and lows. Features Standard, woodie or camarilla calculations Daily, weekly and monthly pivots combined and can be selected individually Midpoint lines are plotted (and can be switched off) Daily high, low, close lines can optionally be plotted Each pivot line has an optional label printed on the chart with the price Pivots are calculated for every day in the data loaded into the chart and plotted. This makes back-testing easier as the pivot lines are accurately and automatically plotted back in time. Optional R4 and S4 plots with midpoints Charts setup You need to have two symbols on your chart for this indicator to work. Datastream 1 must be a minute chart and datastream 2 must be a daily chart. So make sure you have both of those on your chart before installing the indicator. You can hide the daily chart in trade station by going to Format Symbol...Scaling Tab, set Sub-Graph to hidden. The way I set my pivots up are as follows: Daily pivot lines are yellow solid lines Weekly pivots are cyan dashed lines except the central pivot which is solid Monthly pivots are purple solid lines High low and close lines have their own colours and are dashed lines Midpoints are dotted lines half the brightness of the pivot lines in their respective colours NOTE you can save the colours in tradestation by clicking the Default button on the colours tab. You can also save the line styles by clicking the Default button on the styles page. This is best illustrated with a screenshot of a 15min YM chart: Inputs PlotDailyPivots: Plots the daily pivot lines (true or false) PlotWeeklyPivots: Plots the weekly pivot lines (true or false) PlotMonthlyPivots: Plots the monthly pivot lines (true or false) PlotDailyMidPts: Plots midpoints for the daily pivots (true or false) PlotWeeklyMidpts: same for weekly (true or false) PlotMonthlyMidpts: same for monthly (true or false) ShowDailyLabels: Prints a label at the start of each day on the line (true or false) ShowWeeklyLabels: same for weekly (true or false) ShowMonthlyLabels: same for monthly (true or false) ShowHighLowCloseLabels: same for the high, low and close lines (true or false) PivotStyle: "classic", "woodie" or "camarilla" PlotPD24H: Plot the Previous day's 24 hour high (true or false) PlotPD24L: same for the low (true or false) PlotPDC: plot the previous day's settlement price. NOTE this can be different to the closing price. For example the YM is settled at 5pm EST not 4:15pm EST (true or false) PlotPDH: Plot the previous day's high based on your current session (true or false) PlotPDL: same for low (true or false) PlotR4S4: Plots R4 and S4 lines with midpoints if selected (true or false) GLOBEXPIVOTS.ELD

I think an exit strategy for the last part of your position based on technicals is better than a limited fixed target. Why take only 10 points when the market is offering 100? I get out half my position at +5, quarter at +10 and the last quarter is left to run and I have 3 or 4 exit criteria to look for.

Tin, once you're comfortable with 2 cars, you might want to consider the hubert-style keep it or cut it loose method with your runner. Let's say you're long and you exit at +15 and then the market runs another 50 ticks in your favour - you're going to want to kick yourself. So, when you get to +10 or +15, you make a decision based on internals, price, etc. Keep it or cut it loose, then do the same at the next logical point such as a pivot level, fib level, or other support/resistance level. This will help you let your winners run. In trading to really grow your equity, you need to let your winners run a bit if the market is allowing it. Hubert's got a video on this somewhere in his archive.

I'll pre-order your book, for sure.

Great article Leroy. I certainly fell into that trap on Feb 27th 2007, during the 500-point drop in the YM. Thanks for posting it.

MrBramble, you are talking about something quite different. Heightening your awareness is an action that has been taken - you have not directly affected the quantum field, or somehow magically manifested something in the universe. You are merely observing what is there through "tuning your mind in." as you put it. I recently bought a new mini car. My kids love it as it has a soft top - now whenever they are out they always notice all the minis on the road, whilst before they did not notice any of them. They particularly notice the red soft-tops for some reason ;-). They have tuned into all the minis out there; however this is a different and separate issue to the one that TinGull is inferring. TinGull is referring to manifestation of circumstances in the universe, not merely observing them. However I do agree that these two can APPEAR to be blurred together, however I do not believe that is the case. Heightened awareness is a very different thing to manifesting things with the power of thought.

I've spent much time looking into The Secret, What the Bleep, NLP, quantum physics, etc. The reason why you are where you are right now is because of the fruits of your actions in the past. I really do not believe that you can influence the external world directly through thought alone. It is absurd and no-one has proved it. I was very open to the idea for many years, however, recently I find myself becoming more sceptical through lack of proof, and my own experience does not bear it out. Now, this is very different to being determined in something. Myself, I am determined to become consistently profitable in trading. I will not achieve this through thinking alone; however repetition of this thought process will produce ACTIONS that I take such as: in-depth market research, statistics gathering, reporting of my own trades, receiving coaching from a professional trader, managing risk, money management, understanding my own psychology, etc. The car park example you gave is ridiculous. After watching The Secret myself, I believed it for a while and thought that I could influence a multi-story car park, the actions of the drivers of those cars with my own thoughts. How ridiculous is that? Now, what I have noticed about the behaviour of my own mind is that if I want to see an outcome I can project onto the world the outcome I want to see, and ignore or filter out the stuff I don't want to see or notice. So that ONE TIME that you manage to get a parking space, you say, "Wow, this is amazing." and at the same time you forget the 99 times that this visualisation technique did not work. This mostly occurs at the sub-conscious level, of course and is not often verbalised in the mind. I do believe that the way you think produces who you are right now (you reap what you sow), so in some sense positive thinking, as it were, does work, but it only works on you, not the external world. The Secret even says this, you cannot create in someone else's reality, so the movie even contradicts itself with its own examples. One motto I do believe in strongly is So, in your trading, you will become successful through preparation and ACTION, not just by thinking; but the thinking can be a catalyst or a motivator for your actions. Sorry to dampen your spirit Tin, and this is my own view, so take it with a pinch of salt.

Thanks Robert, those pivots don't do what I need, but there's some very useful ideas in the code there. Thanks for submitting. My pivots are coming on nicely as I learn more and more EL.

weiwei thanks for sharing your experiences with us. I know that sometimes it can't be easy to even admit to ourselves what is going on emotionally, but to share it with us all is very gracious. Thanks.

I use pivot points every day in my trading. To learn more about them I recommend John Carter's book Mastering The Trade and also search out John Person's work on pivots. I usually fade the first move to a pivot of the day, and thereafter look to see what price does at other pivot points. On ranging days, I usually fade them and on trending days I will sell/buy a retracement back to the pivot. Most charting packages have pivot point indicators built in, or you can calculate your own before the trading day from Emini Day Trading or with a calculator or a spreadsheet.

I'm new to TS, only been using it a few weeks, but the easy language seems, well, easy. I hope to have it completed within a month or so, there's a lot of features I want to put into it. I get tired of having to type in the high,low,close every day into my pivots for every market in my workspaces.

I got it sorted now thanks - I'm creating an Uber pivots indicator and will post it here when I've finished. The tricky bit now is capturing data from other time sessions for use in regular sessions pivot charts.

Yes Rich, I will be staying away from Vista for at least a year. MS Office 2007 though, is a nice piece of work.

Have a look in the indicators section - this indicator is for TradeStation.

I want to calculate the high and the low as the h and l off the daily chart using 24 hour session but I want these values to appear on my regular trading hours intraday chart. I tried using highD and lowD and closeD, however the values differed when using 24 hour and regular trading hours charts. Does anyone know how to capture the high of the previous day 24 hour period? Thanks.

How does this correlate to a stock index price-wise such as the YM? I use a 2min chart of the TRIN and put a 5EMA on it to see the trend.