15 Minute Trig Trading W/Pivots

[guaSaT]

3 Attachment(s) The formula I use is what I call long (Compounding Long Wicking). Using this formulation at all lines of service and resistance will give you an 80% or better success rate of this bounce. Below is an example of what we are currently looking for.

Chart #1 we are wating style and we view the price approaching a already defined UTL, (See White Arrow ). We wait to get a touch.

Chart #2 shows a touch and we will need to apply the straightforward formula to find out if we have a good chance of a bounce long. The wick of the candle touching the line needs to be more than the prior wick, (See White Arrows. If the formation exsists, we have a grat chance of going long here with a stop that is tight. Goal will be line of resistance or service. In this event a 21 pip goal with a 12 pip stop, I'd be yanking my profit here and shing stop.

Chart #3 shows a trendline break where I pull off half, however. You are able to see where the price came back and TESTED, The top of the line which is now support and formed. There's that phrase again, TESTED, I'm a huge believer in these words, TESTED, FAILED, RESISTANCE and SUPPORT.

This trade is 48 pips long today with profit pulled and added. Keep in mind points rule the roost. My advice would be to get out, if you hit on one prior to the trendline.

Jim

Hey Guys, I have been working with this for awhile now and I am now to the point at which input is valued and desired. I call it Trig Trading with pivots. You work the Triangles before the price moves out. You fix in another Triangle if there's absolutely absolutely no test. Here's an example of how it seems on the 15 Min Timeframe. There's a formula that if the rebound will be good, I use and can inform 80% of this time.

The next chart shows the G/U 15 minutes and the current activity Ought to Be limited in the DarkTurquoise Triangle and the Orange trendline...

https://www.forexforum.co.za/general...framework.html
https://www.forexforum.co.za/trading...00-2008-a.html
https://www.forexforum.co.za/general...pile-list.html

[guaSaT]

1 Attachment(s) Notice that the Black arrows, the formula does work. The wicks are opposite and the short one is hitting on the line. So you keep out of this short. And incidentally, common sense plays a big part so in the event that you have none.

Jim

The formula I use is what I call extended (Compounding Long Wicking). Applying this formula in any way traces of support and resistance will give you an 80 percent or better success rate of this bounce. Below is a good example of what we are searching for.

Chart #1 we are wating mode and also we see the price coming an already defined UTL, (See White Arrow ). We wait to get a touch.

Chart #2 shows a touch and we need to apply the Simple formula to see if we have a good chance of a bounce long. The wick of the candle touching the line has to be longer than the previous...

https://www.forexforum.co.za/general...rts-ascii.html

[guaSaT]

1 Attachment(s) Here is just another example and the price is sitting on a buy signal, albeit, its Sunday and the entrance would be 92.50 using a stoploss in 92.44 and a T/P in 92.63 but likely could go all of the way to M3 Mid pivot. Unless it gaps down, however, its only an example and I don't suggest trading this.

Jim
https://www.forexforum.co.za/general...framework.html

[guaSaT]

1 Attachment(s) Here is a market signal on E/U
https://www.forexforum.co.za/trading...ar_serbia.html

[TraTkaSua]

All the best in your new thread NENE...

[guaSaT]

Thanks,

Good Luck in your new thread NENE...

g

[TuSaduTk]

Congratulation Nene to get a fantastic thread something new to people . It will help a lot to us . Will try understand how functions .
Thanks for the good functions,

[juCoti]

woah. .

[guaSaT]

1 Attachment(s) I'm shorting this
https://www.forexforum.co.za/trading...s-reality.html

[guaSaT]

1 Attachment(s) Seeing these areas for rebound on G/U.
https://www.forexforum.co.za/general...ly-target.html