My PIVOT, SUPPORT & RESISTANCE

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My PIVOT, SUPPORT & RESISTANCE

Postby manus168 » Wed Sep 23, 2009 9:30 am

I want to share with you all my friend how we can trade as a naked trader. This is the 1st time i disclosse 1 of my naked trading strategies.

BUT

STEP.1

We must allready read CANDLESTICK MADE EASY .

Image

DOWNLOAD LINK :

Code: Select all
http://www.easy-share.com/1907874172/Candlestick Made Easy.rar


After you understand the principle of price pattern Bouncing (pages 28 to 30) & Break (pages 34 to 37) of the Candlestick, now we can go into ...


STEP. 2

Find the Opening Bar this day, you can change your charts into Daily timeframe find the "Open" example this day 1.47886 (Alpari US),
Here's the screenshoot of the Daily Charts Timeframe:

Image

after that we can back again into the charts m15.

Mark with Horizontal Trendline 1.47886

STEP. 3

Take 3 number of 1.47886 so we get 147.

Now 147/3 = 49.

Resistance: 1.47886 + 0.00490 = 1.48376.
Support : 1.47886 - 0.00490 = 1.47396.

So we get;

Resistance = 1.48376
PIVOT = 1.47886
Support = 1.47396



Image

ENTRY :

1. Look for price hit/touch the Support/Resistance
Watch the form of candle are they full of momentum or lack of
momentum (see the ebook Candle Stick Made Easy).

2. If They Lack Of Momentum ussually the next candle will be form as a
Bullish/Bearish Engulfing Pattern, Railroad, Dark Cloud, Piercing,
Morning/evening star, etc (Please read the ebook). so after they form wait 1 candle to be form as
a Bull (if they hit Support), a Bear ( if they hit Resistance).
So the Formula for Lack of Momentum or a Bouncing Trade is :
TOUCH (Support/Resistance) + Form Pattern + Confirmation Candle = next Candle Enter !


3. For Full Momentum situation (Break Trade), watch the Candle penetration
from the Support/Resistance, & pay attention the form of the candle
ussually the candle form is Long (Morubozu Pattern). because this trade
using m15 Timeframe i suggest we enter the Market like SRDC.1 Advance
Strategies Level.1
, please read the ebook bellow :

Code: Select all
http://www.forexsharing.com/484996


So the Formula for Break Trade :

BREAK SUPPORT/RESISTANCE (with Long Candle) + Wait the candle form @ outside Support/Resistance & confirm as a Bullish/Bearish Candle = Next Candle Open Trade.


EXIT:

StopLoss : 147/3 = 49 pips

Take Profit :

1st Target : 20 pips close partial of contrac, move the StopLoss to
Breakevent for the rest.

2nd Target : Pivot + 5 pips (for SELL); & PIVOT - 5 pips (For BUY).

3rd Target : 147 pips.


Pair to trade : EUR/USD

TimeFrame : m15



Another Strategies Twist (Tweak) :

After we did the Step 2 & 3, we can made a Ross Envlope base those Support & Resistance; see the example :

Image

For the refference book is TRADING BY THE BOOK by Joe Ross :

Code: Select all
http://mihd.net/fliv1h


DJVU Reader :

Code: Select all
http://windjview.sourceforge.net/


How we made those Ross Envlope by using Fibonachi Retrachement ?

Here's :

1st Fibonaci (Fibo Level):
(from Resistance to Support/Upper to Bellow)

0 = Support
0.5 = PIVOT/TARGET
1 = Resistance
0.146 = SELL
0.854 = BUY
-0.146 = Strong RESISTANCE
-0.236 = Break This Level = BUY


2nd Fibonacci (Fibo Level) =
(From Support to Resistance/ bellow to upper)

-0.146 = Strong SUPPORT
-0.236 = Break This Level = SELL



I hope this will be very2 usefull for us.


Kind Regards;



:)


Manus168
Yesterday = HISTORY !
Tomorrow = MYSTERY!
Today = GIFT !


Thats why we call it the PRESENT :)
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Re: My PIVOT, SUPPORT & RESISTANCE

Postby Edward Revy » Sun Oct 11, 2009 4:24 pm

Hi Manus168,

your post has really got me thinking about stuff I read today.
I particular, I'm very curious to try out certain parts from your trading technique: steps 2 & 3 for S/R levels to be precise;
then there is some food for thought in SRDC method with Linear Regression Channels and 6th candle...
I'll see if I can piece something together from all that, but it certainly looks good :)

Thanks a lot indeed!

Regards,
Edward
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Re: My PIVOT, SUPPORT & RESISTANCE

Postby manus168 » Thu Oct 15, 2009 8:11 pm

You're welcome Ed ... :)

Btw, please remember, all the step, is only used at EUR/USD only !

Best Regards;


:mrgreen:


Manus168
Yesterday = HISTORY !
Tomorrow = MYSTERY!
Today = GIFT !


Thats why we call it the PRESENT :)
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manus168
 
Posts: 160
Joined: Tue Sep 22, 2009 4:48 am
Location: SECRET

Re: My PIVOT, SUPPORT & RESISTANCE

Postby manus168 » Wed Oct 21, 2009 1:28 am

Once again. please to remember this calculate just for EUR/USD Pair Only !

This Day Setup :

Image

Please look when the Price goes to the Support they allready made a "Morning Star" Candle Pattern, after thet hit the Target Opening Price - 5 pips) Looks the Price starting Bouncing again.

How Robust & Effectife this Custom Pivot Calculation.

Hope can be usefull for us.


Kind Regards;


:mrgreen:


Manus168
Yesterday = HISTORY !
Tomorrow = MYSTERY!
Today = GIFT !


Thats why we call it the PRESENT :)
User avatar
manus168
 
Posts: 160
Joined: Tue Sep 22, 2009 4:48 am
Location: SECRET

Re: My PIVOT, SUPPORT & RESISTANCE

Postby manus168 » Wed Oct 21, 2009 1:34 am

Another Entry Point is use the Ross Envlope Strategy =

1.4987-1.4889 = 98
98 * 0.146 = 14 (Rounded)

So 1.4889 + 14 pips = 1.4903

We can place some of Pending Order at there :idea:

Image


Happy Trading;


Kind regards;


:mrgreen:


Manus168
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Re: My PIVOT, SUPPORT & RESISTANCE

Postby maurice » Thu Oct 29, 2009 2:37 am

hi manus168 n all friend here,

in your picture above, top left corner, there is a title "14 minutes 18 second left to bar end", please teach me how to make it on my MT4 and one more, what is the meaning of "<14:18", sorry i am newbi on forex but i am want study seriously your method, thanx in advance bro.
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Re: My PIVOT, SUPPORT & RESISTANCE

Postby manus168 » Thu Oct 29, 2009 3:34 am

maurice wrote:hi manus168 n all friend here,

in your picture above, top left corner, there is a title "14 minutes 18 second left to bar end", please teach me how to make it on my MT4 and one more, what is the meaning of "<14:18", sorry i am newbi on forex but i am want study seriously your method, thanx in advance bro.


That cause from Indicator : "KTM CANDLE TIME"


Kind Regarrds;

:mrgreen:

Manus168
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Re: My PIVOT, SUPPORT & RESISTANCE

Postby maurice » Fri Oct 30, 2009 9:22 am

thanx manus168, i am searching it on my MT4, from indicator list but i still cant find it, would u mind teaching me to put those indicator on my MT4?
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Re: My PIVOT, SUPPORT & RESISTANCE

Postby manus168 » Fri Oct 30, 2009 9:14 pm

maurice wrote:thanx manus168, i am searching it on my MT4, from indicator list but i still cant find it, would u mind teaching me to put those indicator on my MT4?


Here's Bro :

Code: Select all
http://www.easy-share.com/1908288917/RSI Moonlander.rar



Kind Regards;


:mrgreen:

Manus168
Yesterday = HISTORY !
Tomorrow = MYSTERY!
Today = GIFT !


Thats why we call it the PRESENT :)
User avatar
manus168
 
Posts: 160
Joined: Tue Sep 22, 2009 4:48 am
Location: SECRET

Re: My PIVOT, SUPPORT & RESISTANCE

Postby manus168 » Tue Nov 03, 2009 9:30 pm

maurice wrote:thanx manus168, i am searching it on my MT4, from indicator list but i still cant find it, would u mind teaching me to put those indicator on my MT4?


Here's in the bellow attachements; copy & paste on :

Local (c)/Program Files/Metatrader.4/Expert/Indicator


Regards;


:idea:


Manus168
Attachments
KTM Candle Time.ex4
(2.17 KiB) Downloaded 932 times
Yesterday = HISTORY !
Tomorrow = MYSTERY!
Today = GIFT !


Thats why we call it the PRESENT :)
User avatar
manus168
 
Posts: 160
Joined: Tue Sep 22, 2009 4:48 am
Location: SECRET

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