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Pivot Trading

  • #15,801
  • Mar 2, 2018 7:08am Mar 2, 2018 7:08am
EA R138. waiting for confirmation....
  • #15,802
  • Mar 2, 2018 7:23am Mar 2, 2018 7:23am
UJ is in the zone; watching PA for possible long
  • #15,803
  • Mar 2, 2018 1:15pm Mar 2, 2018 1:15pm
Closed some trades
GU+203 was planning to hold this but not feeling confident.Too much uncertainty in the market.
AN +134
Attached Image(s) (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #15,804
  • Mar 2, 2018 1:41pm Mar 2, 2018 1:41pm
I was one day out of charts, what a hell happened to euro from yesterday? Some pending sell orders triggered on EA and EG , now in massive DD ., damn
  • #15,805
  • Mar 2, 2018 1:51pm Mar 2, 2018 1:51pm
Quoting Recruit
I was one day out of charts, what a hell happened to euro from yesterday? Some pending sell orders triggered on EA and EG , now in massive DD ., damn
both should come down next week.Keep your positions small and have cut out point.This is forex anything can happen.I generally don't like pending orders for exact same reason however there are exceptions like news trading but not going to get into that now
EU by mid March should drop below 1.20 Feds seems serious about rates

AC nice spot dble top huge number to get over
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #15,806
  • Mar 2, 2018 11:51pm Mar 2, 2018 11:51pm
Hi Guys
Some of you including myself are holding trades that are in red.Having DD is normal in trading and there is fine line getting out when clearly market proves you wrong and other times when fundamentals are not really supporting jacked up prices like EA at 1.59 that it reached.So EA as example you should relax and expect range building up again towards 157 and even below.
This thread gets lot of attention when everyone makes money however you should also keep in mind real character of a trader shows up when he is not making money! but surviving and overcoming adversary.Keep that in mind.Show resilience both in mind and spirit!
In trading, you have to be defensive and aggressive at the same time
  • #15,807
  • Edited 12:04pm Mar 3, 2018 11:54am | Edited 12:04pm
Hi Guys
Don't forget to go over calendar events next week.This is important.You are trading my system then do what I do.I seriously dislike laziness.If you skip this don't expect great results because you are cutting corners.Do it!Please

EC is looking real good in terms of correction. Should be fun next week.Last time it reached this high was in 2016.Not common level reached.
significant structures on left
I am anticipating EU to reach 120 by march 20 and should this occur I anticipate significant deflation on all Euro pairs
Attached Image(s) (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #15,808
  • Mar 3, 2018 4:23pm Mar 3, 2018 4:23pm
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  • #15,809
  • Mar 4, 2018 6:02am Mar 4, 2018 6:02am
Hello guys, i' ve read the instructions with a lot of interest because i found some correlations with my style of trading m15...

i' ve followed the instructions but i'm not sure i set it good, i am in Italy and my broker is hotforex: is all at the right place or i should change something?

Edit: if i switch to m15 i can't see any pivot :-\
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  • #15,810
  • Mar 4, 2018 8:46am Mar 4, 2018 8:46am
Quoting MrGreen95
Hello guys, i' ve read the instructions with a lot of interest because i found some correlations with my style of trading m15... i' ve followed the instructions but i'm not sure i set it good, i am in Italy and my broker is hotforex: is all at the right place or i should change something? Edit: if i switch to m15 i can't see any pivot :-\ {image}
Make sure this is done look at image.
Reinstall the indicator.When clicking TF click back and forth like 1hr back to 15min then see if it's refreshed
Attached Image
Attached File(s)
File Type: ex4 Davits Pivot V3.ex4   39 KB | 1,543 downloads
In trading, you have to be defensive and aggressive at the same time
  • #15,811
  • Mar 4, 2018 9:00am Mar 4, 2018 9:00am
Quoting Davit
{quote} Make sure this is done look at image. Reinstall the indicator.When clicking TF click back and forth like 1hr back to 15min then see if it's refreshed {image} {file}
Hi Davit,

I am starting to follow you, it is very impressing. Big thanks for this topic. Am I think good if my broker has a bit different high and low in same candle my pivots will be a bit different from yours? I have about 2-3 pips difference in pivot points. I have set up everything in indy as your write on first page.
  • #15,812
  • Mar 4, 2018 9:11am Mar 4, 2018 9:11am
My partial calendar events

Italian Parliamentary Election all day today
Ton of info on the net you can read more about it. Italy is 19th Economy in the world so it matters.Far right party victory could impact Euro negatively.

Monday
GBP-Services PMI 53.3 53.0 forcast is positive and green number here should help EG and all G pairs but against the yen may not.Yen is tearing everything up. Trump trade war rhetoric is sending scared money to Yen....

AUD-Retail Sales m/m 0.4% -0.5% forecast very green should print green anticipate AUD to gain specially against NZD and Euro EA could drop a lot.
Rate same/current account none factor.

Not going to post the rest as you guys should do this on your own.Just posted so you see how my thinking is.After doing this I know what's coming up Monday and I have clear idea what not to do.Will not sell AUD for sure and that is important because anticipation from my side is AUD gaining hence I will try to avoid taking trades against it. After Tues AUD GDP if red may change...the sentiment against AUD.You got to watch order flow about this.Its important what you think is kept separate from how MM react to same data.You must have some idea but market PA is king.
In trading, you have to be defensive and aggressive at the same time
  • #15,813
  • Mar 4, 2018 9:31am Mar 4, 2018 9:31am
Quoting armaros
{quote} Hi Davit, I am starting to follow you, it is very impressing. Big thanks for this topic. Am I think good if my broker has a bit different high and low in same candle my pivots will be a bit different from yours? I have about 2-3 pips difference in pivot points. I have set up everything in indy as your write on first page.
10pips or less Pivot difference is acceptable and normal
In trading, you have to be defensive and aggressive at the same time
  • #15,814
  • Mar 4, 2018 11:56am Mar 4, 2018 11:56am
Quoting Davit
Hi Guys Don't forget to go over calendar events next week.This is important.You are trading my system then do what I do.I seriously dislike laziness.If you skip this don't expect great results because you are cutting corners.Do it!Please EC is looking real good in terms of correction. Should be fun next week.Last time it reached this high was in 2016.Not common level reached. significant structures on left I am anticipating EU to reach 120 by march 20 and should this occur I anticipate significant deflation on all Euro pairs {image} {image}
yea you are right another view for you hope you like it though not your temp (just to show clear hope you woldn't mind).....
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Say something meaningful or Silence!!
  • #15,815
  • Mar 4, 2018 2:48pm Mar 4, 2018 2:48pm
Quoting Davit
My partial calendar events Italian Parliamentary Election all day today Ton of info on the net you can read more about it. Italy is 19th Economy in the world so it matters.Far right party victory could impact Euro negatively. Monday GBP-Services PMI 53.3 53.0 forcast is positive and green number here should help EG and all G pairs but against the yen may not.Yen is tearing everything up. Trump trade war rhetoric is sending scared money to Yen.... AUD-Retail Sales m/m 0.4% -0.5% forecast very green should print green anticipate AUD to gain specially...
On EUR, Angela Merkel consolidated her leadership and that strengthens the currency. In the grand scheme of things, Germany is more important than Italy.

On AUD, the current account is expected to worsen and that normally means that AUD will weaken, to allow exports to become cheaper and level the balance.
Also, GDP is expected to come in weaker than before.
  • #15,816
  • Mar 4, 2018 2:55pm Mar 4, 2018 2:55pm
USD - average hourly earnings (now around 0.3%) is the main attraction this week, imo.

Attached chart is only manufacturing where in the past year alone wages have jumped more than 3%. This is bullish for USD if the rest of the economy is doing the same.
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  • #15,817
  • Mar 4, 2018 3:05pm Mar 4, 2018 3:05pm
USD - Firing on all cylinders - see housing starts and lower corporate income tax rates that will translate into higher equity prices.

Does this mean that USD will reverse and start rising? Not necessarily beause world growth is normally associated with a weaker USD as money flows out of US and capital is allocated across growing economies (emerging and others).
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  • #15,818
  • Mar 4, 2018 5:33pm Mar 4, 2018 5:33pm
Got in on EC chart which I posted
Added few more at 5870
total position 9
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #15,819
  • Mar 4, 2018 5:44pm Mar 4, 2018 5:44pm
Closed AC with minor gain. I am feeling bullish on AUD until Tues GDP so closed AC
I don't like trading against fundamentals at least short term.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM5.png Size: 31 KB
In trading, you have to be defensive and aggressive at the same time
  • #15,820
  • Mar 4, 2018 5:48pm Mar 4, 2018 5:48pm
Drop down on AN to 675 would be sweet.Watching this hopefully to drop to reload. This and EA,NU has become my favorite profitable pairs
My advise until Feds March 21st don't sell USD. I would look to sell specially NU once it gets up a little
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
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