MyPivots
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RO
roofer
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craft- i have been posting my best work here. i guess this is my cave! i am sure you noticed that all three charts showed what is now my highest probability setup.draw a simple line connecting 3 pivots that ends in fib box. anchor medianline set on that line. price will go to medianline 90% of time....
MR
mreiserer
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Posts: 2,220
Makes sense. Thanks Roofer and T. Great stuff.
CR
craft
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Posts: 206
Yeah I understand. Might make this my cave also... Thanks for Sharing your work. Although you have been showing this I had to dance the long way around to come to most of the same conclusions. Mimicking wont get you there.

I have been studying the importance and tendencies of SPECIFIC multi pivot lines in my A/R work. You said it perfectly, This is the key to most locks and the way to be in the current cycle not behind. "if these sets carry with them a special frequency.... then the coming together of lines from these special sets must offer good trade location" This is the foundation.

About your target. Do you find high percentage of the time it goes to the lower or upper ML? Maybe under certain conditions?
DU
Duane
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Posts: 1,095
Simple, practical, and extremely effective. Great stuff Roofer!!



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RO
roofer
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now go back to the charts from 12th and 15th under simplicity.... i did not show the use of the green sets.. i was simply trying to show the power of simple line into fib box or key fib...the concept of anchoring the green sets and setting stops and the 90% follow as next step...
RO
roofer
Rep: 3,689
Posts: 3,574
then if you look at the charts cop and iwm under simplicty you will see how i was showing the interplay of more traditional sets with these sets which i now call sl sets. the use of these sets answers a question and fills a hole..'' why when all my other tools say expect turn is there no obvious set?''my rule for the middle pivot is this...if in order to connect three pivots the line must go through tail of middle pivot...that is acceptable...if the line must go through body of middle pivot, the line is suspect...as always my technique is based on knowing where different groups of traders are all looking to trade at same area...as always collect a few thousand examples on your own... that is what i did with .886 on gap open... that is what i did with this setup..
RO
roofer
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Posts: 3,574
craft- you asked a very good question about targets... my brain works in the way it works and for me the entry is almost everything... once in, i am aware of the targets given by lines,and the odds of getting there... but more important for me are the rules i have set for my self. for example,first cycle down in indicators... take no loss... hidden divergence.. play defense...kane pattern sets up against trade play defense ...time runs out across the board without price hitting target...exit.clear trade sets up based on tools against my trade without target hit.. reverse..
RO
roofer
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duanne- i invite you to go back to your eurjpy chart and connect a number of pivots on the shorter swings.....
DU
Duane
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Posts: 1,095
Thanks Roofer, the smaller time frame caught the top at 1.128



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MR
mreiserer
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Here are a couple the way I am interpreting it based on EURJPY as an example
Correct me if you see it differently


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CR
craft
Rep: 100
Posts: 206
My brain too roofer. Thank you for the pushes to go to other levels. I know you try to get some points across to me.I ask about targets cause I trade this kind of a setup in a few different forms and noticed certain characteristics. Just never structured it this way. Repeatable and In & out with SIMPLE rules.

Just thinking out loud so tell me if I'm barking up the wrong tree but I see the same thread connecting many things. I also ask, why did we pivot there? there is a reason. A/R lines will be my simple lines at times, and Jim's Adjusted sets will act as a simple line sometimes. Both with some projections. Too often just catching minor pivots.

What does a simple line do? I look at pivots, especially connected pivots and see where big limit buyers and sellers are hanging out. Or are they just hanging out around the third touch? or maybe where the ML and the simple line come together? your pillars.

When you got the important pivots, a median line will stop price in its path rite at the line. Many times I will see your simple line connecting pivots and meeting at what turns out to be a major turn.

I went back to look at an old trade i membered and added the red lines. Its not pristine but the same concept i think.

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RO
roofer
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at the turn, i was scrolling my charts looking for the best entry... the TWM lept off the charts grabbed my hand and pressed the button!

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Note from Jim: I finally figured out why this didn't post correctly, and fixed it.