Mean reversion trading - page 2

[fxbs]

could you, please, explain more about Point of Control?

[mezarashii]

Sure,

Point of Control is where price has spent the longest time each day. The average of the day.

Virgin Points of control are POC's which were not yet touched.

Ideally I would like an indicator to plot virgin points of control as its often the case that I miss an old VPOC because its not immediately visible on the chart.

[mezarashii]

Here's another example by someone else using the concept for swing trading. I think the market profile indicator needs to be updated to plot these great "hidden levels of support and resistance...

https://c.mql5.com/forextsd/forum/29/ex_1.gif

[mezarashii]

Mean Reversion Levels for Today

Will try to update this on a daily basis to keep with my system. I hope you can find these of some use if you also trade mean reversion.

EUR

VPOC 1.4705

VPOC 1.4866

.786 up 1.4726

.786 down 1.4662

1.272 up 1.4779

1.272 down 1.4608

FGBL

VPOC 115.16

VPOC 113.62

.786 up 113.99

.786 down 113.55

1.272 up 114.36

1.272 down 113.18

mean trades

[mezarashii]

Sell zone

First trade today. Textbook material =)

[mezarashii]

Todays Levels

I am applying the volatility pivot on my charts and compare to the stoch crossover signals for entry. I think they will work out to be much safer as they give me a way of marking disaster stop levels and prevent runaway trades which I wind up averaging down on and then never bounce =(

EURUSD

.786 up 1.4725

1.272 up 1.4778

.786 down 1.4662

1.272 down 1.4608

VPOC 1.4684

FGBL

.786 up 113.73

1.272 up 114.23

.786 down 113.14

1.272 down 112.64

VPOC 113.61

VPOC 115.17

mean trades

[mezarashii]

Volatility pivot trade

This a.m. an ideal setup occurred on the eurusd good for 25 pips.

[mezarashii]

Volatility pivot trade

This a.m. an ideal setup occurred on the eurusd good for 25 pips. With the volatility pivot there were two entries. The first had a clean signal and then the false break higher. One could have kept a small 5 pip stop above hod and then re-entered on the next signal.

[hellkkas]

mezarashii:
This a.m. an ideal setup occurred on the eurusd good for 25 pips. With the volatility pivot there were two entries. The first had a clean signal and then the false break higher. One could have kept a small 5 pip stop above hod and then re-entered on the next signal.

Hi mezarashii..

Do you have a template? Could u please post it?

Thanks

[mezarashii]

sure.

For the fib levels you need to manually delete all the levels except 0, .786, 1.272 and 161.8. Don't worry you can always add them back if you find my system too nutty.

I have been playing around with swing trading this using the previous weekly levels, but the stops are much larger.