Pivot Trading

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https://www.bloomberg.com/news/artic...ew-york-minute

Looked just like a big order, at the time the news that came out made it warranted, but it was not sustainable and was whacked pretty hard at the s78. I didnt trade the spike I traded the retest just before US news. I don't think it was fat finger, just stupid for someone to enter an order that big in one go without staggering it. It wasn't too huge, but huge enough for algos to notice and jump out of the way causing the spike.

Welcome!
Nice place to trade from!
Cyprus

WOW.....you know?
I was in California back in 1996... when i was asked where i am from and i answered everyone was getting confused with Cypress hills...
Yes indeed it s nice to trade from here...time ways is very convenient...
I d host you and family with pleasure!

Hi Davit,

Thanks for taking your time to answer to my post. I perfectly understand what are you saying. We use the system to trade swings and so do I. I appreciate a lot what you are doing for the forex community, for all your insights and way of thinking which is vital in this business.

I`ve been trading for 4 years now, and i was mostly doing the same you guys here do, just using Fibo`s, divergence and PA to find good entry points, building my positions with low leverage and using virtual stops. (For ex. i built my positions before the USD bull move back in 2014 and i made more than 500% on my acc in less than a year). When i found this thread couple months ago i was really excited to see the same view on trading with the only difference being using pivots for entering. I started integrating it in my own style and it works smoothly.

For the last year i was really focusing on analysing big TF as Weekly and Monthly and i find them the easiest to read PA wise, which i think is great (big opportunities), and i like entering at the beggining of big swings and stay in positions for months. Since i found your thread i was trying to integrate it and using it to find excelent entry points at the begginging at these kind of swings of 1000-2000 pips. (i used it earlier this year to enter EA at 1.39/41 and EN at 1.48/50) Now im really looking forward at this big swing that is going to happen on AN (going up to 1.14/18).

As far as my post from last week, I didnt mean in any way to scary anybody or create panic. It was a thought i had i was thinking it might be helpful. I read a lot of psichology books lately mostly on biases. On of the most common one is the Confirmation Bias. We tend to accept ideas that confirm our believes and ignore the ones that challenge our mind to change its way of thinking and seeing things. It was my way of seeing that chart and i wanted to share with you guys. I understand, as you pointed out, that i had the wrong mindset and i completely agree. Beside the long term trades i also use your system for the smaller swings, the same as you guys here do. (ill have to post that more often instead of my Weekly/Monthly charts, that i understand dont belong in here as of the system we are using).

Have a good week all of you. I enjoy seeing your post here and i am happy that a lot of you guys here are able to show such great results. Keep up the great work!
oh.. also, i closed my AN positions as you know but i still have a bunch on NU, that i think are going to play out nicely. NJ is going to be also a great trade to the downside and i am starting building my shorts soon.

thank u sir share ur method..and experience i am start learn

You got to think in bigger scale.When you are looking at the large painting you naturally step back to see the whole thing you don't put your face on the detail and expect to see it as a whole.I trade like I paint.ART and Trading are similar. Trade quarters!

nice advice sir
i following it... nu last week take entry wait day sell confirmed..

That's why I scaled in a few shorts .. she is beautiful ..

happy trading you all !

this is unbelievable stuff....priceless..
thank you again

Greetings everyone,
Would it be correct to forecast that price moves from Daily Pivot to Weekly to Monthly??

Thanks
R

hey fibo38
ur this's trading system trade very nice good luck..
i need to help ur template color looking good can u share it?

a self portrait? very well done!

Good morning all,
EU last night turned on pivot, providing ideal set up for data release hunt. PMI released few days ago was negative so probability was "red" outcome on durable goods orders. +145 pips on this one with R38 as target.

Here you have

Poorly thought out trade left over from last week. I used the WPP as an action area instead of a target. It is still hanging on, but it looks more and more like a split second decision trade that will not work.....**Note to self** Plan trades on sound probabilities, nothing else!

Many green pips to all this week

Perfect pivot level...i am need to learn
thank you very much davit sir


thank sir

Awful trade balance numbers for NZ.
This should help bears

Closed UJ

Entered a few NZDUSD shorts when daily price action can't get through the previous swing high near under R61. This might not be the highest probability trade. It's not at the 61-100 R/S zones. It didn't reach R61, it's between R38 and R61. Also, NZD seems very resilient, even with a bad trade balance report!