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Mysticforex

Trading Missed Pivot Points

By Mysticforex, in Forex

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Mysticforex    13

Mysticforex
Posted (edited)

I have heard it said the the daily pivot on OIL is the most imporrtant..Not sure, but I probably heard it from an old ( older then me ) commodities trader. He work for at least 15 -20 years in the Chicago Pits He traded mostly ag products but was known to daddle at times with Oil, Gold, Silver, and even Forex futures.We started one day about Pivot points ( I love Pivot Point ). He pointed out an anomaly to me which I found quite interesting. I forgot about it some time but it has recently resurfaced in my Brain. I hve started playing with it again

 

The time time is not yet right to give the details of the gimmick, after all I mat be barking up the wrong tree. But I will from time to time post a trade that I see ( they don't happen every day. Remember, These are not suggestions to buy or sell a certain instrument, I just want to sett a tone of transparency in case it ever does develop into something..

 

If it ever does develop into something, I promise it will never be sold by me.

 

 

At this early stage, for the purpose of saving us all time and work I am just going to post the trades, not the mechanics involved.. If things start start working out I will provide the EA needed (free of charge).

BY ALL MEANS...this is a work in work in progress, If ANYONE sees anything that they think will make it clearer to understand, Simplify it in anyway please chime in.

 

As on all my threads I will brook no name calling,no snide remarks, no negative attitudes.

 

 

The Pair is CAD/CHF. Entry as long at 8375 SL is at 8330 TO is at 8600 ( this is going to require some patience) If you feel a bit antsy you can move you stop to BE @ 8423.

 

I placed this trade on my Oanda acct which I am having difficulty posting here, In the future I will us MT4.

Edited by Mysticforex

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tradingwizzard    10

tradingwizzard
Posted
I have heard it said the the daily pivot on OIL is the most imporrtant..Not sure, but I probably heard it from an old ( older then me ) commodities trader. He work for at least 15 -20 years in the Chicago Pits He traded mostly ag products but was known to daddle at times with Oil, Gold, Silver, and even Forex futures.We started one day about Pivot points ( I love Pivot Point ). He pointed out an anomaly to me which I found quite interesting. I forgot about it some time but it has recently resurfaced in my Brain. I hve started playing with it again

 

The time time is not yet right to give the details of the gimmick, after all I mat be barking up the wrong tree. But I will from time to time post a trade that I see ( they don't happen every day. Remember, These are not suggestions to buy or sell a certain instrument, I just want to sett a tone of transparency in case it ever does develop into something..

 

If it ever does develop into something, I promise it will never be sold by me.

 

 

At this early stage, for the purpose of saving us all time and work I am just going to post the trades, not the mechanics involved.. If things start start working out I will provide the EA needed (free of charge).

BY ALL MEANS...this is a work in work in progress, If ANYONE sees anything that they think will make it clearer to understand, Simplify it in anyway please chime in.

 

As on all my threads I will brook no name calling,no snide remarks, no negative attitudes.

 

 

The Pair is CAD/CHF. Entry as long at 8375 SL is at 8330 TO is at 8600 ( this is going to require some patience) If you feel a bit antsy you can move you stop to BE @ 8423.

 

I placed this trade on my Oanda acct which I am having difficulty posting here, In the future I will us MT4.

 

good luck.....I am watching cadchf too .....will keep an eye on your trade

 

TW

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Mysticforex    13

Mysticforex
Posted (edited)

So far this has been like watching paint dry lol...

 

 

Actually I should have picked another name for this thread. The trades will not all be on CAD/CHF. They will be on whatever pairs present the right conditions It really has to do with missed pivot points. I don't think I have the ability to change the name of the thread... we will see.

Edited by Mysticforex

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Mysticforex    13

Mysticforex
Posted

I refer back to my earlier post. This IS like watching grass grow.

We have been up and we have been down. Currently we are up 13 Pips. But, I am going to see this thru to the end. Hopefully on the next example we will have a pair that that moves with a little more gusto.

 

I want to wait for the close of this trade before I explain the mechanics behind it. So, we'll keep watching.

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Mysticforex    13

Mysticforex
Posted

Well this one just stopped out. You get these trade maybe 15 - 25 times a year. We will wait for the next one....Right now EUR/AUD has several mised daily and weekly missed pivot points. with one being at 14300 but no sell signal yet. It is way over bought. and has divergence on the MACD. Just waiting to break a previous support.

euraudmp.thumb.png.78bf28f64794625d63aea1a9cbadbad3.png

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