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Pivot Trading

  • #12,041
  • Oct 16, 2017 10:05pm Oct 16, 2017 10:05pm
Quoting silentshadow
Thanks @davit and other contributors and collaborators. I have read through this whole thread twice, spent some considerable amount of time understanding how you people plan your trades and the advancement in set-ups that has been made progressively. I am based out of Asia (+530) and pre-dominantly been trading index and commodity and being trying to understand FX pairs from the past year and half - One word its been a fascinating journey and then i stumbled upon this thread and its AWESOME I have a small request to make over here - Is there someone...
Hi silentshadow, i also from asia, let's together to make money from here.
  • #12,042
  • Oct 16, 2017 11:43pm Oct 16, 2017 11:43pm
Sorry to hear that Davit. My prayers I offer.... Wishing you and your son a speedy recovery
Quoting Davit
{quote} Hi Berry Thanks for asking my son is doing good and doctors never figured cause of his lung collapse totally.He is doing well now. My back is in "recovery mode" doing lots of stretching, light yoga and power walking.I am just happy being able to walk... regards
  • #12,043
  • Oct 16, 2017 11:48pm Oct 16, 2017 11:48pm
Hey Gunner,

Glad you dropped by - am +0530GMT.
Shoulder to shoulder lets wade through these and make some money.

Regards
SS

Quoting FXgunner1969
{quote} Hi silentshadow, i also from asia, let's together to make money from here.
  • #12,044
  • Oct 17, 2017 12:58am Oct 17, 2017 12:58am
Quoting Davit
This is why placing fix SL is detrimental to your account. Look at this spike down!Cleared all weak longs totally. Market Makers clearing the house.Getting tired of people telling me "where is your SL" This is war guys.Everyone wants your money! Be smart protect yourself.Trade small and hit it hard when its obvious. {image}
That spike is insane!
Mine barely touched the S100 level..
i understand why you don't want to use SL.
But should we use TP .Wouldn't that be good in such scenarios??

P.S. Best wishes and a speedy recovery to you and your son!!
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  • #12,045
  • Oct 17, 2017 1:33am Oct 17, 2017 1:33am
Quoting zackz
{quote} That spike is insane! Mine barely touched the S100 level.. i understand why you don't want to use SL. But should we use TP .Wouldn't that be good in such scenarios?? P.S. Best wishes and a speedy recovery to you and your son!! {image}
Thanks Zackz
Just to be clear I do have SL its just not fixed on platform.My SL is based on allocated $$ for the batch of trades
covered this subject over dozen times here....
In trading, you have to be defensive and aggressive at the same time
  • #12,046
  • Oct 17, 2017 1:49am Oct 17, 2017 1:49am
If anyone minimum takes away from this thread is how powerful pivots are.
Like now how AU stuck on WP
These levels are powerful.Once you master them it gets easier and easier to make money.
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In trading, you have to be defensive and aggressive at the same time
  • #12,047
  • Oct 17, 2017 3:15am Oct 17, 2017 3:15am
Quoting Davit
From a perspective of trend trading its obviously bearish new trend. 3 large weekly red candles followed by correction and most likely more red candles to follow until Dec. {image}
Hi Davit, I just came to say appreciate your work and wish you good health and recovery in a short while. I am just watching your system and very glad to see helping many people out there, great work, congrats.

Also I am on the short side on Aussie and as a long term trader I still believe we have a long way to go to downside before trend change. There will be corrections for sure but still think the main direction is downside if we dont make one wave more to the upside from DTL around 765x-767x area...
Chief Member of 220 mph Riders Club...
  • #12,048
  • Edited 3:50am Oct 17, 2017 3:38am | Edited 3:50am
Hi,
I am new and read the introduction of the thread, installed eveything....
But still, I've got some questions I couldn't find answered:
The daily open line indi, timezoneofdata, what timezone is 0 (is it GMT)?!
Can you explain the symbols in the attached picture?! (mean the color of the boxes and the ring above that)
Attached Image
Check page 1 for all infos...
  • #12,049
  • Oct 17, 2017 3:52am Oct 17, 2017 3:52am
Quoting AndrewBa-
Hi, I am new and read the introduction of the thread, installed eveything.... But still, I've got some questions I couldn't find answered: The daily open line indi, timezoneofdata, what timezone is 0 (is it GMT)?! Can you explain the symbols in the attached picture?! (and I don't mean the arrows, more the color of the boxes and the thing above that) {image}
You should spend more time reading through at least 100 or more pages for better understanding and to avoid asking questions that have already been covered. I'm still reading at page 300 but i'm sure your questions were addressed by davit on post 641 and 1565 just check the links below

https://www.forexfactory.com/showthr...53#post8991953

and

https://www.forexfactory.com/showthr...35#post9057135
  • #12,050
  • Oct 17, 2017 4:26am Oct 17, 2017 4:26am
Quoting Davit
{quote} Hi Alex Welcome! What's the update on your trades?
Hello Davit ,thanks again in your thread,I read a lot of systems,but this is far away the best of the bestest,no=1The Weekly,Davit!!!Pivots are amazing and MM too.if I understand correctly.I have 3 questions:
1)I don"t know what you mean with update,my Gsm,entry..?
2)about your MM,how many money,max.money do you have in one day,so,max balance risk in all trades in one day or week at the same time,this is important,at the same time of your balance,balanc risk in % in trades?
3)TDI Clone-is a exponential or simple settings?

Thanks again
p.s.Ave Caesar,morituri te salutant
  • #12,051
  • Oct 17, 2017 4:50am Oct 17, 2017 4:50am
Quoting AndrewBa-
Hi, I am new and read the introduction of the thread, installed eveything.... But still, I've got some questions I couldn't find answered: The daily open line indi, timezoneofdata, what timezone is 0 (is it GMT)?! Can you explain the symbols in the attached picture?! (mean the color of the boxes and the ring above that) {image}
The time zone 0 would be your broker's server time.. With 0, your daily open line should start at 00:00 server time..
  • #12,052
  • Oct 17, 2017 5:09am Oct 17, 2017 5:09am
Quoting zackz
{quote} The time zone 0 would be your broker's server time.. With 0, your daily open line should start at 00:00 server time..
Thanks!
Check page 1 for all infos...
  • #12,053
  • Oct 17, 2017 7:40am Oct 17, 2017 7:40am
Quoting Davit
{quote} Hi FXgunner (fun name) Make sure you watch Mark Douglas Videos and you understand it thoroughly.You must understand probability theory or you will not succeed in this business. cheers original videos have been deleted from YouTube but they are still around.Please read "trading in the Zone"
Thanks Davit, i will follow up to watch your recommended video as well as your post, although i already read through all of your posts since post1, but i think i still got a lot of things to learn in order to succeed in this business.
  • #12,054
  • Oct 17, 2017 7:47am Oct 17, 2017 7:47am
USDMXN
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  • #12,055
  • Oct 17, 2017 7:50am Oct 17, 2017 7:50am
Quoting Alex1055
{quote} Hello Davit ,thanks again in your thread,I read a lot of systems,but this is far away the best of the bestest,no=1The Weekly,Davit!!!Pivots are amazing and MM too.if I understand correctly.I have 3 questions: 1)I don"t know what you mean with update,my Gsm,entry..? 2)about your MM,how many money,max.money do you have in one day,so,max balance risk in all trades in one day or week at the same time,this is important,at the same time of your balance,balanc risk in % in trades? 3)TDI Clone-is a exponential or simple settings? Thanks again p.s.Ave...
Trades today,0.6 standard lot on 10k balance.Is this too much,Davit.Thanks for answer.Alexander
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  • #12,056
  • Oct 17, 2017 7:53am Oct 17, 2017 7:53am
Location could have been better, but went in after seeing it fail WP and TDI reversed at the upper limits.

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Trade with confidence, trade without fear.
  • #12,057
  • Oct 17, 2017 8:51am Oct 17, 2017 8:51am
AU 170pips
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GU 110pips
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #12,058
  • Oct 17, 2017 9:11am Oct 17, 2017 9:11am
Quoting Alex1055
{quote} Trades today,0.6 standard lot on 10k balance.Is this too much,Davit.Thanks for answer.Alexander {image}
risk should be 2-5% account
I tend to risk more because I have more experience.Your used margin is deliriously small.Lucky broker?
In trading, you have to be defensive and aggressive at the same time
  • #12,059
  • Edited 9:32am Oct 17, 2017 9:15am | Edited 9:32am
Quoting AndrewBa-
{quote} Thanks!
This is not always true.Move time + or - until it lines up 5pm your local time or whatever broker you use brokers 5pm.
Trading day starts at 5pm not 12am not 2am etc.

Line is quick way to see bias for the day. This are quick visual ques to see Price Action in CONTEXT along with TDI and Angelator
Example AU earlier chart price below starting line 1 5 15 1hr green however H4 REd D black (neutral since day is not over) then you stay on short since longer TF H4 is bear.
Everything on my template is to help you make better decisions.I am a visual person and like getting my info quick and easy.
Look at my AU all significant arrows are red so I am staying short until price hits major pivot or S/R

If you are anxious to take TP walk away and do something else.Taking early profits is typical and I am still working on this issue myself but getting better.
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In trading, you have to be defensive and aggressive at the same time
  • #12,060
  • Oct 17, 2017 9:24am Oct 17, 2017 9:24am
Davit, This is correct methodology entries ??
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