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Pivot Trading

  • #941
  • Jul 1, 2016 4:09pm Jul 1, 2016 4:09pm
Quoting Davit
Don't want to confuse but I also follow harmonics. UP side AN is wide open meaning in long run PA will go up.That's why I am not afraid of bear spikes Now that I am out I would not mind below 690 again to build another set of longs {image}
Dear Davit
This harmonic indicator or program ( paid ind) Could you please share this paid site name ets.
Thanks for help
  • #942
  • Jul 1, 2016 4:20pm Jul 1, 2016 4:20pm
Quoting bulent
{quote} Dear Davit This harmonic indicator or program ( paid ind) Could you please share this paid site name ets. Thanks for help
http://www.pointzero-trading.com/Pro...armonicTrading
$299
but free one exist that do the same
http://www.forexfactory.com/showthread.php?p=7051999
zup indicator latest ones 150 then 145 135 does the same free.
click on clipboard

You must understand harmonics in general independent of indicators
In trading, you have to be defensive and aggressive at the same time
  • #943
  • Jul 1, 2016 4:27pm Jul 1, 2016 4:27pm
Ha
Thank you and very fast reply
Have a nice weekend
Regards.
Bülent.
  • #944
  • Edited 4:43pm Jul 1, 2016 4:32pm | Edited 4:43pm
Quoting bulent
Ha Thank you and very fast reply Have a nice weekend Regards. Blent.
clipboard has also harmonic PDF's read it please.
I played with Zup 150 145 and 135.
Surprisingly older 135 works the best.Detecting clear patterns.It drew the same pattern on NC accurately as my paid software did.
In trading, you have to be defensive and aggressive at the same time
  • #945
  • Edited 6:50pm Jul 1, 2016 6:32pm | Edited 6:50pm
I did short from resistance to Pivot area and I found bearish butterfly pattern in 30M TF.

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This range bound trading was not successful.

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  • #946
  • Jul 1, 2016 7:39pm Jul 1, 2016 7:39pm
Quoting inforserve
I did short from resistance to Pivot area and I found bearish butterfly pattern in 30M TF. {image} This range bound trading was not successful. {image}
AC I am short on ME but have not exited.
AN I always buy since difference of AUD and NZD is severely out of balance and I anticipate AUD to gain.Anyway as a tip best way to trade range is to trade 1 direction only.Usually I trade towards fundemetal side.
regards
In trading, you have to be defensive and aggressive at the same time
  • #947
  • Jul 1, 2016 7:56pm Jul 1, 2016 7:56pm
Quoting Davit
{quote} AC I am short on ME but have not exited. AN I always buy since difference of AUD and NZD is severely out of balance and I anticipate AUD to gain.Anyway as a tip best way to trade range is to trade 1 direction only.Usually I trade towards fundemetal side. regards
O.K.
Thanks for your tip.
Have a great 4th of July holiday weekend!!!!
  • #948
  • Jul 2, 2016 3:36am Jul 2, 2016 3:36am
Quoting Davit
{quote} Try transparent option on angelator settings so it blends with the chart background and does not stick out like blue box.
Thnx for the tip and yeah it's looking good to eyes and moreover i can primarily focus on PA.
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Winners Never Quit, Quitters Never Win
  • #949
  • Jul 2, 2016 3:49am Jul 2, 2016 3:49am
Quoting Davit
{quote} Question remains for you "can you pull.............Demo has zero impact on the mind. regards
I understand, you're absolutely right, the psychological impact of live account and the "feeling" of real money at stake is something entirely different and emotionless demo trading cannot match with that; not at all. Soon i'll b on small micro account to kick off with this strategy as i already have some nice feelings about it.
Thank you for your time and precious advice,
Regards.
Winners Never Quit, Quitters Never Win
  • #950
  • Jul 2, 2016 8:28am Jul 2, 2016 8:28am
Good morning guys
Just a general heads up about buying the pound.Don't simple answer.After Carney's speech looks like BOE may cut rates sooner then anticipated.
So far I am staying out of Euro and Pound pairs and was the right decision for me.
Lets have another profitable month!
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In trading, you have to be defensive and aggressive at the same time
  • #951
  • Jul 2, 2016 11:33am Jul 2, 2016 11:33am
Guys,what MT4 version you're using,since I was forced to update to MT4 version971，I can‘t use pivot indicator any more.
  • #952
  • Jul 2, 2016 12:36pm Jul 2, 2016 12:36pm
Quoting leescofield
Guys,what MT4 version you're using,since I was forced to update to MT4 version971，I cant use pivot indicator any more.
I am using even newer version mt4 and works fine.
try uploading to mt4 editor then compile it then save as new indicator name of your choice.
I am using mt4 build 985
In trading, you have to be defensive and aggressive at the same time
  • #953
  • Edited 7:46pm Jul 2, 2016 7:32pm | Edited 7:46pm
Hi guys Sat Night and nowhere to go and happy being home
please watch this video
Inserted Video


In the video he talks about major mistake position size (2 min mark)which I went over and over here and being systematic which my system does.
Anyway I'll be interested to hear feedback and my system in general.
My winning rate is unreal and I am saying this unapologetictly because I earned it through hard work.What I am trying to convey is "Yes it can be done!" you can make consistent money from Forex
The video outlines basic mistakes just about everyone made and still makes.This is one of the reasons I always push people to trade real money even if its just cents.The reason is metal conditioning.Demo does not provide that and dealers ,brokers know it and that's why they are eager to load 100k paper money to get you excited.Result is false sense of infallibility...which often ends up blowing a real account.

To sum up trade small and systematic way and get out when wrong at reasonable level.What I mean reasonable level is example you started shorting at 78R and PA was correct and all of suddent some bank unloads big order price shoots to 100R.Now in this situation I will not exit as long as 100R remains unbroken.Majority of times price will start going down.Most times swings end with spike.This has lot to do with market orders,Usually when Bank A want to sell they wont sell right away.They will push up 1st take stops which creates liquidity then drop their sell orders in chunks.
This happens every day hence you should be aware spike in general does not necessarily mean trend continuation when at critical levels of 61 78 100
Guys follow me?This is street smart trading.Got to see what your opponent is doing.
In trading, you have to be defensive and aggressive at the same time
  • #954
  • Jul 2, 2016 7:50pm Jul 2, 2016 7:50pm
Yes Davit! Thanks for teaching
“Stops don’t limit profits — they prevent disasters.”
  • #955
  • Jul 2, 2016 7:53pm Jul 2, 2016 7:53pm
Check out NU chart.Look at the spikes.Notice reversal followed by a spike.
Typical trader might be thinking TDI up PA up arrows up lets buy! Nope! On my 1st post I highlighted in orange.Everything depends on location.
This is type of thinking rarely touched upon at FF or in books.Its hard putting your head around but location pivots create that key aspect in my trading because now I have a clear line on the sand to make appropriate decision.
This thinking has Elliot wave theory as background guide.Pivots are nothing but waves.Price always travels in waves.Harmonics are based on EW and its real.As long as there is greed and fear markets will adhere to EW laws.
This is why trend trading fails most times because trends go into corrections.Unless you can live with 10-20% DD trend trading is difficult.Most retail accounts are not big enough to sustain trend's ups and downs.Anyway in my world trends don't exit only waves.
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In trading, you have to be defensive and aggressive at the same time
  • #956
  • Jul 2, 2016 7:59pm Jul 2, 2016 7:59pm
thanks! good teaching Davit, seing that means that my stop loss should be well located also!
“Stops don’t limit profits — they prevent disasters.”
  • #957
  • Jul 2, 2016 8:06pm Jul 2, 2016 8:06pm
Quoting Dagaco
thanks! good teaching Davit, seing that means that my stop loss should be well located also!
Yes it makes a huge difference.
In trading, you have to be defensive and aggressive at the same time
  • #958
  • Jul 2, 2016 9:15pm Jul 2, 2016 9:15pm
Quoting Davit
Check out NU chart.Look at the spikes.Notice reversal followed by a spike. Typical trader might be thinking TDI up PA up arrows up lets buy! Nope! On my 1st post I highlighted in orange.Everything depends on location. This is type of thinking rarely touched upon at FF or in books.Its hard putting your head around but location pivots create that key aspect in my trading because now I have a clear line on the sand to make appropriate decision. This thinking has Elliot wave theory as background guide.Pivots are nothing but waves.Price always travels...
"Harmonics are based on EW "

While I am reading Scott Carney's pdf file, I applied ZUP indicator.
I was surprised what I found out with this Harmonic pattern.
I found four perfect setup confluence with TDI & Davit's pviot & Price action in AUD/CAD,AUD/NZD,EUR/USD,EUR/CAD at M30 chart. I feel like I took red pill. Trend versa wave!!!!! I am not sure it's only me see this way but very exciting to apply on the live market!!!
  • #959
  • Jul 2, 2016 9:29pm Jul 2, 2016 9:29pm
Quoting inforserve
{quote} "Harmonics are based on EW " While I am reading Scott Carney's pdf file, I applied ZUP indicator. I was surprised what I found out with this Harmonic pattern. I found four perfect setup confluence with TDI & Davit's pviot & Price action in AUD/CAD,AUD/NZD,EUR/USD,EUR/CAD at M30 chart. I feel like I took red pill. Trend versa wave!!!!! I am not sure it's only me see this way but very exciting to apply on the live market!!!
You are beginning to have a real insight.Just follow pivots and PA and have zup harmonics as confluence.
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In trading, you have to be defensive and aggressive at the same time
  • #960
  • Jul 2, 2016 9:44pm Jul 2, 2016 9:44pm
Quoting Davit
{quote} You are beginning to have a real insight.Just follow pivots and PA and have zup harmonics as confluence. {image}
Thanks heaps!!!!!

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