Advanced Price Action Forex Trading – Chris Capre

6 comments

1. 

   Amis
   

   November 21, 2011

   Hello Chris,

   This post of yours is very helpful.Thanks for the valuable info.Apart from this post I want to ask you one question. Which formula or method do you use to calculate pivot points? Is it different for different time frames?(1HR/4HR/1D only)

   Thanks

   Amey Sawant

   Reply
   • 

     Chris Capre
     

     November 21, 2011

     Hello Amis,

     Am glad it was helpful.

     In regards to your question – 1D for calculating pivots. They should be the same whether its 1D, 4h or 1h – should be the same for all time frames up to 1D, after that, it changes.

     Hope this helps
     Chris Capre

     Reply
2. 

   Amis
   

   November 21, 2011

   Hello Chris,

   Yeah that solved one of my doubts but you didn’t answered my other question regarding the method or formula you use to calculate PP.
   If that is only for your course member then its absolutely fine.I hope you will check out this one “http://www.babypips.com/tools/forex-calculators/pivotpoint.php” and do let me know if its accurate.

   Thanks

   Amey Sawant

   Reply
   • 

     Chris Capre
     

     November 21, 2011

     Hello Amis,

     Sorry bout that.

     Here is the calculations but your brokers charts should provide this as you will not want to have to do them daily which will be a pain in the $%*)@$*(

     DP = (H + L + C) /3

     s1 = DP – (H – DP);//S1
     s2 = DP – (H – L); //S2
     s3 = L – (H – L); //S3

     r1 = DP + (DP – L); //R1
     r2 = DP + (H – L); //R2
     r3 = H + (H – L); //R3

     Hope that helps

     Kind Regards
     Chris

     Reply
     • 

       Amis
       

       November 21, 2011

       Hello Chris,

       Thanks a lot for the formula.Just now I have done the changes in the EA according to the formula.

       Thanks

       Amey Sawant

       Reply
       • 

         Chris Capre
         

         November 21, 2011

         No problem – enjoy!

         Reply