Pivot Trading | Page 1894 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

  • #37,861
  • Nov 13, 2020 11:44am Nov 13, 2020 11:44am
Done for the week!
My focus on this week was in the NZD pairs.
I was expecting some depreciation after the rate statement given by RBNZ on Tues, didn't work as I supposed, but still got profit.
Attached Image

I am trying only picking up A + trades, with that in mind, I can increase my lot size but not looking for a lot of pips...

Results so far this month.
Attached Image

No open trades.
Next week I am going to focus on AUD and CAD pairs mainly, let's see how this work.
"In the end you only trade yourself."
  • #37,862
  • Nov 13, 2020 11:10pm Nov 13, 2020 11:10pm
Quoting NLtrader
Maybe a stupid Question But i want to know the % ADR over how many days is it calculated ... 5 or 10 or 20 days when i calculate it its not exact one of these days.. I mean the indicator on davits Template. or is it a percentage over more days? Have Green pips All ;-)

Quoting DrForexMD
{quote} GM NLtrader, This question was brought up years ago here in the early days of this Pivot Thread. No one could figure it out (including Davit) and the other high impact traders here at the time. I was trying to calculate it myself with no real accurate formula hoping to "save the day" ! No one here could get to the author(s) of the Indicator as well. Davit at the time, explained his old standard approach by outlining the H and L of the Week TF and draw a line through the middle making it the Fib 50%. Then, just go to the lower TFs to calculate...
there are several different calculations by different traders.

the calculation in Davit template post #1 and Post#2 chart is as follows:

the average ADRavg is the sum (ADR1+ADR5+ADR10+ADR20) divide by 4.

the ADR% is the current Today ADR divided by the ADRavg

there will some discrepancy because some brokers have the Sunday New York candle and this is usually very small. some indicator has the options to exclude the Sunday candle.
Attached Image (click to enlarge)
Click to Enlarge Name: Davit ADR_v2.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,863
  • Nov 14, 2020 2:40am Nov 14, 2020 2:40am
Thanks a lot for your very good explanation, and yeps the Sunday candle by some brokers can change it also, but many thanks for your time Emmanuel ;-)
  • #37,864
  • Edited 10:24am Nov 14, 2020 5:18am | Edited 10:24am
Quoting emmanuel7788
{quote} {quote} there are several different calculations by different traders. the calculation in Davit template post #1 and Post#2 chart is as follows: the average ADRavg is the sum (ADR1+ADR5+ADR10+ADR20) divide by 4. the ADR% is the current Today ADR divided by the ADRavg there will some discrepancy because some brokers have the Sunday New York candle and this is usually very small. some indicator has the options to exclude the Sunday candle. {image}
Hey emmanuel7788,

Thanks so much ! One less mystery in my life !

Regards,
John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #37,865
  • Nov 14, 2020 6:45pm Nov 14, 2020 6:45pm
Quoting DrForexMD
{quote} Hey emmanuel7788, Thanks so much ! One less mystery in my life ! Regards, John



do you have another mystery for me to try solve?

kind regards,
Emm
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,866
  • Nov 15, 2020 6:06pm Nov 15, 2020 6:06pm
Quoting emmanuel7788
{quote} do you have another mystery for me to try solve? kind regards, Emm
Yes emm,

Where can I find The Fountain of Youth ? I suspect, if you can solve that mystery,
we could bottle it and make more money selling it online than on trading Forex !

LOL...

Regards,
-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #37,867
  • Nov 16, 2020 9:03pm Nov 16, 2020 9:03pm
FIBO is an endless series of added/devided ones!
Attached Image
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #37,868
  • Nov 17, 2020 8:19am Nov 17, 2020 8:19am
Quoting R61
Done for the week! My focus on this week was in the NZD pairs. I was expecting some depreciation after the rate statement given by RBNZ on Tues, didn't work as I supposed, but still got profit. {image} I am trying only picking up A + trades, with that in mind, I can increase my lot size but not looking for a lot of pips... Results so far this month. {image} No open...
Loaded a few shorts on NC around R38 zone.
Notice that tried to break a few times but didn't succeed.
Attached Image (click to enlarge)
Click to Enlarge Name: nc.png Size: 46 KB

Also loaded shorts on NU, AU.
Tracking EC, GC for shorts.
"In the end you only trade yourself."
  • #37,869
  • Nov 17, 2020 12:28pm Nov 17, 2020 12:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: 9aafb5a41e2f740c022e0624a9972c4b.png Size: 35 KB
May the Force be with you.
  • #37,870
  • Nov 17, 2020 2:31pm Nov 17, 2020 2:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30.png Size: 42 KB
We obey the structure that results from the market's reaction
  • #37,871
  • Nov 17, 2020 2:32pm Nov 17, 2020 2:32pm
Quoting R61
{quote} Loaded a few shorts on NC around R38 zone. Notice that tried to break a few times but didn't succeed. {image} Also loaded shorts on NU, AU. Tracking EC, GC for shorts.
Nice,

Sell the tops....
We obey the structure that results from the market's reaction
  • #37,872
  • Nov 17, 2020 4:25pm Nov 17, 2020 4:25pm
Tomorrow or the day after tomorrow maybe I will buy EG if things work out. There will be a lot of news around GBP, and it looks positive. Also a trade deal between the UK and Europe is in the making (the next two weeks)

The blue line in my chart is next months S38 pivot (monthly), it looks like a strong resistance line. Let's see how things will go

Attached Image (click to enlarge)
Click to Enlarge Name: c6d7551fd4a85f4c36c52d5877aa1076.png Size: 31 KB
May the Force be with you.
  • #37,873
  • Nov 17, 2020 4:33pm Nov 17, 2020 4:33pm
Quoting Josti
Tomorrow or the day after tomorrow maybe I will buy EG if things work out. There will be a lot of news around GBP, and it looks positive. Also a trade deal between the UK and Europe is in the making (the next two weeks) The blue line in my chart is next months S38 pivot (monthly), it looks like a strong resistance line. Let's see how things will go {image}
Thank you Josti for the heads-up on EG fundamentals !

Regards. DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #37,874
  • Edited 5:35pm Nov 17, 2020 4:45pm | Edited 5:35pm
Quoting DrForexMD
{quote} Thank you Josti for the heads-up on EG fundamentals ! Regards. DJ
I think the UK cannot do without Europe at the moment. The RCEP has recently been ratified in Asia. The UK is very alone in the world when it comes to trading with a NO-BREXIT deal. And that is not good for the GBP.

Fishing rights in the North Sea is a tricky issue between the UK and France, Belgium and the Netherlands. https://www.forexlive.com/news/!/uk-...talks-20201117

May the Force be with you.
  • #37,875
  • Nov 18, 2020 8:17am Nov 18, 2020 8:17am
I've loaded up on GC
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 11-18-20 at 05.18 PM.PNG Size: 58 KB
  • #37,876
  • Nov 18, 2020 11:49am Nov 18, 2020 11:49am
Quoting R61
{quote} Loaded a few shorts on NC around R38 zone. Notice that tried to break a few times but didn't succeed. {image} Also loaded shorts on NU, AU. Tracking EC, GC for shorts.
Closed this batch on NC yesterday with good profit and moved to GC shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: GC.png Size: 44 KB

With some DD on NU shorts.
Looking to reload shorts on NC again.
"In the end you only trade yourself."
  • #37,877
  • Nov 18, 2020 12:09pm Nov 18, 2020 12:09pm
I'm also long AN for the AUS employment data later
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 11-18-20 at 09.08 PM.PNG Size: 63 KB
  • #37,878
  • Nov 19, 2020 5:18am Nov 19, 2020 5:18am
Quoting R61
{quote} Closed this batch on NC yesterday with good profit and moved to GC shorts. {image} With some DD on NU shorts. Looking to reload shorts on NC again.
Closed this batch on GC with nice profits and switched again to NC shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADH1.png Size: 46 KB

Watching to reload shorts on GC again.
"In the end you only trade yourself."
  • #37,879
  • Nov 19, 2020 8:48am Nov 19, 2020 8:48am
Attached Image (click to enlarge)
Click to Enlarge Name: f63ba3e8136864752fd7bb340cabb23f.png Size: 33 KB
May the Force be with you.
  • #37,880
  • Edited Nov 20, 2020 3:43am Nov 19, 2020 10:26am | Edited Nov 20, 2020 3:43am
Quoting Josti
{image}
Hey Josti,

You and the other active Pivot Posters here are really SUPERSTARS !

Davit would be proud - both what you all are doing on his (and yours) Pivot Trading Forum - as well as, his major contributions as a renowned International Professional Forex Trader and selfless teacher !

Thanks for keeping this Number #1 FF Forum going !

Cheers all and Stay Safe,

DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
2 traders viewing now