Pivot Trading | Page 587 | 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

  • #11,721
  • Sep 30, 2017 2:32pm Sep 30, 2017 2:32pm
I must say that I have found this system here in FF only 5 days ago. And I have made 6 trades with it, all winners. I still have a USDCAD sell open, I know I should have closed it before weekend, but no problem, I am testing on demo.

I like very much this strategy, so clean, so simple, so basic as it only takes into account price action and pivot points, which I think are the oldest and best indicators since the beginning of Forex history. I like his simplicity.

That´s why I have suscribed, and I want to thank Davit for his generosity sharing his wonderful system, and for his patience answering our doubts. I wish I could learn from him and I wish I could make consistent pips in order to be a professional trader in future.
  • #11,722
  • Sep 30, 2017 3:00pm Sep 30, 2017 3:00pm
If I'm not sure of the trade, I'll paper trade it and see the result. I've done that a few times with Davits pivots and learned why the entry worked...and why it didn't.

Reading over the PDF of past hot topics has helped immensely.
Trade with confidence, trade without fear.
  • #11,723
  • Sep 30, 2017 3:36pm Sep 30, 2017 3:36pm
Quoting DrForexMD
I believe that the UJ has been OB and now just below F78-F100 Area. So, I went short 0.01 lot with a small live account. I believe I have a wide DD using a large SL distance to protect against the usual NYO reversal and the Red News Wham. Please let me know if this is an adequate set-up: {image}
Nice chart set up, would you please say how did you attach News indi in bottom left corner?
Also which Indi shows pairs and times on chart?
Thanks
MB
  • #11,724
  • Sep 30, 2017 4:13pm Sep 30, 2017 4:13pm
Quoting Davit
{quote} I have no idea how price is going to move in the future.I trade probabilities edge over large number of trades.No different then what casino does 3% edge.Over thousands of bets that 3% accumulates millions however if someone asked at black jack table if that single hand winner of loser would hard and pointless. You seriously should read "Trading in the Zone" You must understand firmly the idea of probabilities. A/CHF is correlated to EA.You should study this weekend about correlations.I suggest trading pairs you are familiar.
I just finished the book. No more questions from me ever. Only trades that have potential in my opinion. This is unbelievable how close and how far I was. I understand you now. Thanks!
  • #11,725
  • Oct 1, 2017 6:45am Oct 1, 2017 6:45am
Last Week Trade of Gold..
Still learning the method..
Attached Image (click to enlarge)
Click to Enlarge Name: XAU.png Size: 57 KB
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #11,726
  • Oct 1, 2017 7:17am Oct 1, 2017 7:17am
Quoting Davit
Hi everyone Looks like 4 or 5 people posted in Sept more or less consistently.Lots of old timers stopped posting.Could be they mismanaged funds ,accounts when trades were going red or moved on to another system method. All is good I am not here for popularity contest.I have always maintained that I trade quarters and have the end of the year as my target.No system is loss proof! None and when you see someone posting 700% in a week you can bet its high leverage single trade that went well but how many times you see same guy doing it again and again?...
Many thanks Davit for this post, I have not been posting frequently because of work and career schedule as my trading is more on the daily charts using your system, i hope that will correct soon and i can post often again. Thanks once again for reaching out.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #11,727
  • Oct 1, 2017 9:52am Oct 1, 2017 9:52am
Quoting lordgbengs
{quote} Many thanks Davit for this post, I have not been posting frequently because of work and career schedule as my trading is more on the daily charts using your system, i hope that will correct soon and i can post often again. Thanks once again for reaching out.
Good to see you back!Wish you green pips
In trading, you have to be defensive and aggressive at the same time
  • #11,728
  • Oct 1, 2017 9:54am Oct 1, 2017 9:54am
Quoting luatrader
I must say that I have found this system here in FF only 5 days ago. And I have made 6 trades with it, all winners. I still have a USDCAD sell open, I know I should have closed it before weekend, but no problem, I am testing on demo. I like very much this strategy, so clean, so simple, so basic as it only takes into account price action and pivot points, which I think are the oldest and best indicators since the beginning of Forex history. I like his simplicity. That´s why I have suscribed, and I want to thank Davit for his generosity sharing his...
Thank you and Welcome
continue on!
In trading, you have to be defensive and aggressive at the same time
  • #11,729
  • Oct 1, 2017 10:50am Oct 1, 2017 10:50am
That defines it's all " I know that based on the markets past behavior, the odds of it moving in the direction of my trade are good or acceptable, at least in relationship to how much I am willing to spend to find out if it does.
know before getting into a trade how much I am willing to let the market move against my position. There is always a point at which the odds of success are greatly diminished in relation to the profit potential. At that point, it's not worth spending any more money to find out if the trade is going to work. If the market reaches that point, I know without any doubt, hesitation, or internal conflict that I will exit the trade.
The loss doesn't create any emotional damage, because I don't interpret the experience negatively. To me, losses are simply the cost of doing business or the amount of money I need to spend to make myself available for the winning trades.
  • #11,730
  • Oct 1, 2017 11:09am Oct 1, 2017 11:09am
Quoting denisius
That defines it's all " I know that based on the markets past behavior, the odds of it moving in the direction of my trade are good or acceptable, at least in relationship to how much I am willing to spend to find out if it does. know before getting into a trade how much I am willing to let the market move against my position. There is always a point at which the odds of success are greatly diminished in relation to the profit potential. At that point, it's not worth spending any more money to find out if the trade is going to work. If the market...
Hi Denisius
Its good that you are digging the book.I posted lots of nuggets here but most out of laziness or incompetence just ignore it.
Its all fine by me because I know creme rises to the top in the end.Those who are hungry for success will reach it because along the way work must apply.
Nothing in life that is worth achieving comes easy.This is why I am a bonehead for success


Some have no concept what I share here on probabilities.Look at the chart all trades 61-100 winners 100% that's some statistics.You can say I am cherry picking but you choose a chart and look you will see winnable edge clearly defined.It may not be 100% but 70-80 for sure.

Casino has about 3% Edge that's enough to generate millions.What you got here is monster edge way better then 3%. Your job is mechanically apply system edge and let the numbers do its thing.Large sample size over time!
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #11,731
  • Oct 1, 2017 11:54am Oct 1, 2017 11:54am
Quoting Davit
{quote} Hi Denisius Its good that you are digging the book.I posted lots of nuggets here but most out of laziness or incompetence just ignore it. Its all fine by me because I know creme rises to the top in the end.Those who are hungry for success will reach it because along the way work must apply. Nothing in life that is worth achieving comes easy.This is why I am a bonehead for success Some have no concept what I share here on probabilities.Look at the chart all trades 61-100 winners 100% that's some statistics.You can say I am cherry picking...
To be honest I was close to that thinking. I just couldn't sums up and wrap up my mind around it. What you put in at first page it's completely hard to understand for those who never seen the book. It makes sense to some ( me for example and you) but it didn't at first, now to apply that knowledge and maintain that state of mind its matter of time and exercise! I am not going to say anything more. Success in this business it's hard work on self improvement and personal responsibility of each trader. You gave us map and I thank you for that. But how we walk that road it's our personal choice and absolutely not your responsibility! I wish everyone read that book who participated in this Thread. Would be much easier to filter through trades. Not those trades that I ask Your opinion about doesn't seem to bother me at all.
  • #11,732
  • Oct 1, 2017 1:08pm Oct 1, 2017 1:08pm
Quoting Davit
{quote} Hi Denisius Its good that you are digging the book.I posted lots of nuggets here but most out of laziness or incompetence just ignore it. Its all fine by me because I know creme rises to the top in the end.Those who are hungry for success will reach it because along the way work must apply. Nothing in life that is worth achieving comes easy.This is why I am a bonehead for success Some have no concept what I share here on probabilities.Look at the chart all trades 61-100 winners 100% that's some statistics.You can say I am cherry picking...
My levels Off of yours by 10-13 pips each. I tried to change time and dates still doesn't line up with yours . Can it be spread differential per Broker? Or I do something wrong?
  • #11,733
  • Oct 1, 2017 3:14pm Oct 1, 2017 3:14pm
Quoting denisius
{quote} My levels Off of yours by 10-13 pips each. I tried to change time and dates still doesn't line up with yours . Can it be spread differential per Broker? Or I do something wrong?

Try using "Davits Pivot V3.2 Auto".
Trade with confidence, trade without fear.
  • #11,734
  • Oct 1, 2017 3:41pm Oct 1, 2017 3:41pm
Quoting Cryptosurf
{quote} Try using "Davits Pivot V3.2 Auto".
That's what I am using. I see you in US , what is your time/date settings? And who is your broker if you don't mind me asking?
  • #11,735
  • Oct 1, 2017 3:51pm Oct 1, 2017 3:51pm
Quoting denisius
{quote} That's what I am using. I see you in US , what is your time/date settings? And who is your broker if you don't mind me asking?
Price will be off by a few pips due to brokers and there pricing, not sure how many pips you said you was off by.
  • #11,736
  • Oct 1, 2017 4:03pm Oct 1, 2017 4:03pm
Quoting Neil0163
{quote} Price will be off by a few pips due to brokers and there pricing, not sure how many pips you said you was off by.
10-13. Depends on pair
  • #11,737
  • Oct 1, 2017 4:05pm Oct 1, 2017 4:05pm
Quoting denisius
{quote} 10-13. Depends on pair
yeah that is quite off i guess
  • #11,738
  • Oct 1, 2017 4:37pm Oct 1, 2017 4:37pm
Quoting denisius
{quote} That's what I am using. I see you in US , what is your time/date settings? And who is your broker if you don't mind me asking?
I use Tradersway (NY close) and Finpro (NY+4hrs) but both are pretty close to each other. Not sure why yours is off so much. Who is your broker?
Trade with confidence, trade without fear.
  • #11,739
  • Oct 1, 2017 4:51pm Oct 1, 2017 4:51pm
Guys sorry for pictures. Watching from phone. Levels should be accurate. My order didn't hit by only 3 pips. Which probably means is still plenty of buyers there.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4677.PNG Size: 105 KB
  • #11,740
  • Oct 1, 2017 4:52pm Oct 1, 2017 4:52pm
Quoting Cryptosurf
{quote} I use Tradersway (NY close) and Finpro (NY+4hrs) but both are pretty close to each other. Not sure why yours is off so much. Who is your broker?
Forex.com
13 traders viewing now