I slowly begann learning about pivot points and also downloaded the excel file that ICT uploaded in the first post. However as a Oanda user ( not MT4 ) i have to insert prices manually and then draw them manually in Oandas Java Platform, which is honestly quite tiresome.
I’ve tried there inbuilt pivot points but i’m still not sure how to draw them… Isn’t there an easier way?
I had tried to make pivot points by using the inbuilt option in oanda i i think i received a support line. This was one of the reasons combined with fibonacci for me entering the trade. However…
I have started to try experimenting with a higher TP, i first aimed at 40 pips but then realized it probably would be better to find a resistance line where price had bounced off many times. And i thought i did… So i adjusted the TP to that which i roughly got about 34 pips…
Also i have begann for the first time experimenting with how trailing stops work out… I ended up with 5 pips in profit, because of Moody’s unexpected new release on Portugal… The problem is, in oanda the trailing stop, the TP, The SL lines are different colours, one of them was orange… perhaps i somehow got confused the trailing stop line being a pivot line, since i remember i entered what i thought was a support pivot.
Anyways, helps with the pivots would be appreciated.
Sorry for the language, it’s been a hard day of work and i’m tired.
I can’t quite post links yet but if you google the following:
“oanda metatrader 4 account setup”
Just follow the instructions and you can take full advantage of ICT’s pivot points in their natural environment. It’s perhaps ten minutes casual setup over a cup of java (pun intended, forgive me).
I’ve used their fxtrade platform to enter demo orders simply because I like to enter SL and TP at the same moment of the order, as it appears that Oanda via MT4 requires SL and TP to be entered separately and after the order placed. And it’s just my luck I’d lose connexion the instant I had the order in but not the stop loss, so I refuse to allow the possibility
Agreed. I use Oanda MT4 for the lion’s share of my analysis, and then their Java platform to enter my orders, because I too like their order entry on the Java platform much better than MT4. The only analysis I do on the Java side is 00,20,50,80 levels and daily highs/lows. I just made a subaccount with MT4 enabled, but you could easily just get a demo, since it never expires.
Hello,
Oasis to add pivots on oanda java platform go to daily chart press pivot button and press the previous day and draw pivots. You can always check if they are right with manual calculation or mt4. Still this way you can only get EST pivots but it sure beats manually adding lines.
Missed all the good action today due to distractions, or just plain sitting out when I didn’t have a clue about what to trade… I missed the ‘lightning’ also. But even so the first full calendar week resulted in 4.5% gains, while terribly busy doing other things. I can hardly imagine how some of the more experienced, focused people must have done this week.
This has very, very profound implications if it stays so simple… but does it stay so simple?
It is sometimes hard to tell whether one’s understanding has shot through the roof, or the markets are particularly ICT-friendly right now. The tools are working exceptionally well…especially OTE sweetspot.
I didn’t want to make a big deal at the time, but I saw that indicator make a mistake the first time I used it and I never touched it again. Harsh judgement I know, but no room for errors like that in my trading. Obviously it’s just me though because nobody else has complained. Just be careful, test it against your own knowledge and do some spot checks on that thing!
edit:
I added it back on, I realized it’s not fair to say that without some proof, so I’ll watch and take a screenshot when/if I see a mistake…
I love how you set this up. Very clear what you did. Reminds me, I should use those rectangle markers more in my trading, especially for zooming in on a certain zone.
