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Pivot Trading

  • #10,341
  • Jun 25, 2017 1:56pm Jun 25, 2017 1:56pm
Quoting Takisd
Hi guys, Long time FF member, decided today to stop lurking and actually try to contribute a bit. Davit, thanks for the great pivot indicator. It is probably the best one I have seen. I took a bunch of trades the past week, unfortunately didn't screenshot appropriately to contribute to the forum. Closed 1600 pips for the week, thanks a lot for the indicator again Davit, I will contribute more over time to the thread on my ideas. I do like to trade the pullback to pivot levels on the more volatile pairs, although you have stated that you aren't interested...
Great idea to stop lurking, welcome back.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #10,342
  • Jun 25, 2017 5:25pm Jun 25, 2017 5:25pm
This week it's month closings and Q2 profit taking and balancing accounts . It's going to be interesting
Have a great week everyone
"Letting losses run is the most serious mistake made by most investors."W.O
  • #10,343
  • Jun 25, 2017 5:33pm Jun 25, 2017 5:33pm
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  • #10,344
  • Jun 25, 2017 8:04pm Jun 25, 2017 8:04pm
Quoting chichigirl
I am so glad I have found this thread, I reckon the strategy taught here is far better than anything else I have ever seen on the internet. this method of trading has not just changed the way I view forex market, it also put my mind at ease while trading, built my confidence up as well. Today is the first day I traded with this strategy and have been profitable (a lot). Thank you Davit for sharing. you are the best.
welcome and like to see posted trades from you
In trading, you have to be defensive and aggressive at the same time
  • #10,345
  • Jun 25, 2017 8:04pm Jun 25, 2017 8:04pm
Quoting Takisd
Hi guys, Long time FF member, decided today to stop lurking and actually try to contribute a bit. Davit, thanks for the great pivot indicator. It is probably the best one I have seen. I took a bunch of trades the past week, unfortunately didn't screenshot appropriately to contribute to the forum. Closed 1600 pips for the week, thanks a lot for the indicator again Davit, I will contribute more over time to the thread on my ideas. I do like to trade the pullback to pivot levels on the more volatile pairs, although you have stated that you aren't interested...
Welcome and good luck!Looking forward
In trading, you have to be defensive and aggressive at the same time
  • #10,346
  • Jun 25, 2017 8:07pm Jun 25, 2017 8:07pm
Attached Image (click to enlarge)
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Plan, Prepare, Execute, Repeat
  • #10,347
  • Jun 25, 2017 8:15pm Jun 25, 2017 8:15pm
Hi guys
Just waiting things to move in our way.Sometimes just have to wait.Sucky part is paying fees on NZD but part of the game

Repin
One of my favorite Russian 19century artists
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In trading, you have to be defensive and aggressive at the same time
  • #10,348
  • Jun 25, 2017 8:22pm Jun 25, 2017 8:22pm
Attached Image (click to enlarge)
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Plan, Prepare, Execute, Repeat
  • #10,349
  • Jun 25, 2017 8:26pm Jun 25, 2017 8:26pm
There is a great deal in common with Art and trading

Example drawing a head.Artist looks at overall shape 1st (weekly monthly candle, structure ) Then works general feature placements ( Support Resistance)
Sharpening details and shading (Daily and lower TF) Mood expression (sentiment in trading)
IF you can't draw the overall shape then you can't place the nose,eyes in right place same in trading not having a real feel of overall structure.
I know what you are thinking but its true its related.
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In trading, you have to be defensive and aggressive at the same time
  • #10,350
  • Jun 25, 2017 8:36pm Jun 25, 2017 8:36pm
Last week someone panicked and took a loss on AN at 1047
This person clearly was panicking and scared himself thinking monthly candle heading parity etc. Interesting that huge part was missing was fundamentals how AN was supposed to drop to parity based on what? Nothing about that....similar posts were made about EU parity people scaring themselves to losses.One of the reasons why I don't post at EU thread....too many panic "traders"
Guys have confidence in this system you will pile pips left and right just trade small and space out your entries at key zones.Simple

Practice making wining a HABIT
In trading, you have to be defensive and aggressive at the same time
  • #10,351
  • Jun 26, 2017 1:08am Jun 26, 2017 1:08am
Quoting Davit
There is a great deal in common with Art and trading Example drawing a head.Artist looks at overall shape 1st (weekly monthly candle, structure ) Then works general feature placements ( Support Resistance) Sharpening details and shading (Daily and lower TF) Mood expression (sentiment in trading) IF you can't draw the overall shape then you can't place the nose,eyes in right place same in trading not having a real feel of overall structure. I know what you are thinking but its true its related. {image}
Really elegant analogy Davit I absolutely love it!
I wish you and all the serious pivoteers prosperous weeks ahead.

Cheers
  • #10,352
  • Jun 26, 2017 2:05am Jun 26, 2017 2:05am
Interesting structure on EURAUD caught my eye. Testing the WP for a 3rd time and possible right shoulder formation. Starting to build into this and keeping an eye on the price action around WP.
Attached Image(s) (click to enlarge)
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,353
  • Jun 26, 2017 2:21am Jun 26, 2017 2:21am
Can't upload a pic at the moment, am on mobile.

My watch list currently is cad/chf from pivot, gold from pivot. I am still in aud/cad long and just closed aud/usd long (last weeks r38). For a risky play gbp/cad near pivot would be a good one pending price action. I like short cad plays this week given interest rate speculation so will be paying particular attention to them.
  • #10,354
  • Jun 26, 2017 3:44am Jun 26, 2017 3:44am
Quoting Davit
There is a great deal in common with Art and trading Example drawing a head.Artist looks at overall shape 1st (weekly monthly candle, structure ) Then works general feature placements ( Support Resistance) Sharpening details and shading (Daily and lower TF) Mood expression (sentiment in trading) IF you can't draw the overall shape then you can't place the nose,eyes in right place same in trading not having a real feel of overall structure. I know what you are thinking but its true its related. {image}
Nice and interestibg metaphore !
  • #10,355
  • Jun 26, 2017 4:18am Jun 26, 2017 4:18am
Quoting olisavictor
Still holding my short on NU.
Pair going down as anticipated.
Attached Image (click to enlarge)
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  • #10,356
  • Jun 26, 2017 4:53am Jun 26, 2017 4:53am
Quoting olisavictor
{quote} Pair going down as anticipated. {image}
My NU pivot is at 0.72511. I'm using Davits Pivot V3 default setting instead of the Davits Pivot V3.2 Auto. U are using V3.2 Auto?

thanks
  • #10,357
  • Jun 26, 2017 5:03am Jun 26, 2017 5:03am
Quoting dna9179
{quote} My NU pivot is at 0.72511. I'm using Davits Pivot V3 default setting instead of the Davits Pivot V3.2 Auto. U are using V3.2 Auto? thanks
It doesn't matter, look at them as 25-35 PiP zones.
This gets asked and adressed so many times... eventually perhaps Davit will ask someone to code a 20 pip zone pivot instead of a line for you guys..
  • #10,358
  • Jun 26, 2017 5:10am Jun 26, 2017 5:10am
Quoting dttsomh
{quote} It doesn't matter, look at them as 25-35 PiP zones. This gets asked and adressed so many times... eventually perhaps Davit will ask someone to code a 20 pip zone pivot instead of a line for you guys..
Hi Mate
Yup i read it about the 10-25Pip zone, just wanna compare the pivots between Davits Pivot V3 and the Davits V3.2 Auto. Thanks for the input
  • #10,359
  • Jun 26, 2017 5:31am Jun 26, 2017 5:31am
Quoting dna9179
{quote} My NU pivot is at 0.72511. I'm using Davits Pivot V3 default setting instead of the Davits Pivot V3.2 Auto. U are using V3.2 Auto? thanks
Yes i use Davit pivot 3.2 auto.... i believe all are the same it's a mater of preference.
  • #10,360
  • Jun 26, 2017 5:36am Jun 26, 2017 5:36am
Quoting olisavictor
{quote} Pair going down as anticipated. {image}
NU has been ranging between .73-.72 for 2 weeks now. It may be overdue for a correction, but unless .72 is broken convincingly, hard to see this falling. The PA does not show too much downward pressure ATM. Month end profit booking may help the cause...
Fall seven times, stand up Eight! #GGMU
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