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Pivot Trading

  • #12,561
  • Nov 2, 2017 9:24am Nov 2, 2017 9:24am
Quoting jarfx05
{quote} I'm looking for strong and weak couples. Today GBP was weak. News is always a lottery. Today was successful. {image}
how can i find this currency meter?
  • #12,562
  • Nov 2, 2017 9:41am Nov 2, 2017 9:41am
Quoting forexshooter
{quote} how can i find this currency meter?
https://www.forexfactory.com/showthr...6#post10452726
if you're doing we all have results with all
  • #12,563
  • Nov 2, 2017 11:06am Nov 2, 2017 11:06am
re-entry of EG and GA. Davit created the best of all trends on FF.

Wish you all a nice weekend.

EG
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GA
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if you're doing we all have results with all
  • #12,564
  • Nov 2, 2017 11:13am Nov 2, 2017 11:13am
CJ still going ahead of news. EJ still in DD. Will hold longer.
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  • #12,565
  • Nov 2, 2017 1:15pm Nov 2, 2017 1:15pm
I love this thread and this ideology of trading is very dear to me. I do not want to call this a system or method. Davit's style of trading is very logical and perhaps that is why traders who accept it fully gain from it.

While all of us post our winners, I'd like to share a trade that resulted in loss for me. We could consider this as a case study.

Like most traders out there, I too was certain BoE will raise interest rates today. This expectation created a GBP positive bias in my mind which was so strong that I ignored the rules of my trades. I am pleased to share my result here even though I made a loss. Losses are part of this business, any business for that matter. I am glad this happened cause it resulted in a very important learning for me. I hope fellow traders can benefit out of this too.

Notice the PA around the R61 area; absolutely clear to fall. I noticed this, thought of shorting but did not since I was +ve biased on GBP. Look what actually happened. Bottom line, awareness about fundamentals is critical, but bias purely on fundamentals can be lethal. Thankfully, the loss was less than 0.5% of equity. Looking for next setups now. Cheers!
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Fall seven times, stand up Eight! #GGMU
  • #12,566
  • Nov 2, 2017 1:24pm Nov 2, 2017 1:24pm
Quoting vickym
I love this thread and this ideology of trading is very dear to me. I do not want to call this a system or method. Davit's style of trading is very logical and perhaps that is why traders who accept it fully gain from it. While all of us post our winners, I'd like to share a trade that resulted in loss for me. We could consider this as a case study. Like most traders out there, I too was certain BoE will raise interest rates today. This expectation created a GBP positive bias in my mind which was so strong that I ignored the rules of my trades....
Thank you for sharing your lesson vickym, i like the font on your chart, what is the name called?
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #12,567
  • Nov 2, 2017 1:26pm Nov 2, 2017 1:26pm
Quoting vickym
I love this thread and this ideology of trading is very dear to me. I do not want to call this a system or method. Davit's style of trading is very logical and perhaps that is why traders who accept it fully gain from it. While all of us post our winners, I'd like to share a trade that resulted in loss for me. We could consider this as a case study. Like most traders out there, I too was certain BoE will raise interest rates today. This expectation created a GBP positive bias in my mind which was so strong that I ignored the rules of my trades....

I think today's G sell off was a classic: "buy the rumour, and sell the news". Everyone (almost everyone) that had anticipated 0,5% IR was long so there was no one left to buy. Profit taking ahead of tomorrow's NFP was also a hint to take your money and run.

Thanks for your candour.
  • #12,568
  • Nov 2, 2017 1:33pm Nov 2, 2017 1:33pm
Quoting lordgbengs
{quote} Thank you for sharing your lesson vickym, i like the font on your chart, what is the name called.
Corbel
Fall seven times, stand up Eight! #GGMU
  • #12,569
  • Nov 2, 2017 1:35pm Nov 2, 2017 1:35pm
Quoting pgr45za
{quote} I think today's G sell off was a classic: "buy the rumour, and sell the news". Everyone (almost everyone) that had anticipated 0,5% IR was long so there was no one left to buy. Profit taking ahead of tomorrow's NFP was also a hint to take your money and run. Thanks for your candour.
Right, but for me that's a post-facto analysis that unfortunately does not help much. I see all 'experts' arising on FF today explaining this was a sell the fact scenario.
Fall seven times, stand up Eight! #GGMU
  • #12,570
  • Nov 2, 2017 1:36pm Nov 2, 2017 1:36pm
Quoting jarfx05
{quote} I'm looking for strong and weak couples. Today GBP was weak. News is always a lottery. Today was successful. {image}
Here is also a good one
Attached Image
Attached File(s)
File Type: ex4 csDash.ex4   141 KB | 419 downloads
  • #12,571
  • Nov 2, 2017 2:14pm Nov 2, 2017 2:14pm
Quoting Mundo
{quote} UJ did show me S61 was holding and fundamentals where not helping it continue south so entered small positions. Closed 118 pips north to go with the 191 south. I understand fundamentals are important in trading but sometimes those 61-100 pivots are brick walls... {image}
vickym has a great point. Here is another example where others had UJ continuing south I held to the logic of Davit...61-100 key reversal zones.
https://www.forexfactory.com/attachm...1&d=1509472162

I have seen great trades posted lately, but the fact remains that Davit was clear on trading these levels. We are to look for trades at these levels...too many trades in between levels and/or at Pivot. Although they might have gained pips and winners it is actually deviating from the idea behind this thread.

It is great for our trading psyche to show others our winners...but it should not be done at the risk of losing this thread. Lets post our trades based on what Davit started and with his template (as simple as trade with your template post with Davit's)...

...let's keep this thread honest and we will all benefit from it.
Invest in Life
  • #12,572
  • Nov 2, 2017 2:32pm Nov 2, 2017 2:32pm
Quoting Mundo
{quote} vickym has a great point. Here is another example where others had UJ continuing south I held to the logic of Davit...61-100 key reversal zones. {image} I have seen great trades posted lately, but the fact remains that Davit was clear on trading these levels. We are to look for trades at these levels...too many trades in between levels and/or at Pivot. Although they might have gained pips and winners it is actually deviating from the idea behind this thread. It is great for our trading psyche to show others our winners...but it should not...
Bang on, Mundo. And this is one reason I hate accessing forums, impacts thought process. Cheers!
Fall seven times, stand up Eight! #GGMU
  • #12,573
  • Nov 2, 2017 2:45pm Nov 2, 2017 2:45pm
I have tried my best to search the details as to how the TDI Angelator Indicator works, but so far no luck.
Can someone explain in detail as to how we can understand it or a link to the description as how to read the grey dots, the TDI Separation, the Red and the Green angle degrees. Thanks in advance.
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Work Hard, Stay Humble
  • #12,574
  • Nov 2, 2017 2:45pm Nov 2, 2017 2:45pm
Quoting pgr45za
{quote} I think today's G sell off was a classic: "buy the rumour, and sell the news". Everyone (almost everyone) that had anticipated 0,5% IR was long so there was no one left to buy. Profit taking ahead of tomorrow's NFP was also a hint to take your money and run. Thanks for your candour.
Agreed, GBP was clearly being pushed up into the higher R limits. So once the news was confirmed it sold off. Classic "trade what's in front of you" and not what you "think" it might do.
Trade with confidence, trade without fear.
  • #12,575
  • Nov 2, 2017 3:11pm Nov 2, 2017 3:11pm
Quoting SoBe-It
I have tried my best to search the details as to how the TDI Angelator Indicator works, but so far no luck. Can someone explain in detail as to how we can understand it or a link to the description as how to read the grey dots, the TDI Separation, the Red and the Green angle degrees. Thanks in advance. {image}
arrows show direction of signal line for each time frame

small dots below:
O -- far away
o -- closer
. -- touching
arrow up or down -- crossing

more information here https://www.forexfactory.com/showthread.php?t=518993
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  • #12,576
  • Nov 2, 2017 3:17pm Nov 2, 2017 3:17pm
Thank you so much. Stay Blessed.
Work Hard, Stay Humble
  • #12,577
  • Nov 2, 2017 4:19pm Nov 2, 2017 4:19pm
Quoting Cryptosurf
{quote} Agreed, GBP was clearly being pushed up into the higher R limits. So once the news was confirmed it sold off. Classic "trade what's in front of you" and not what you "think" it might do.
When you factor in the political instability PM May has to deal with (sexual harassment accusations) that distracts her from Brexit negotiations, it's also easy to see it was a factor.

In sum, as someone said here today, news trading is a lottery. Sometimes it works, sometimes it does not.

As per remaining true to the spirit of this thread, I fully agree, but there is a big temptation to press the button when price bounces off pivot levels (S or R).

All in all, price action at these levels seems to be the key. LOCATION is key.
  • #12,578
  • Nov 2, 2017 5:08pm Nov 2, 2017 5:08pm
Quoting vickym
I love this thread and this ideology of trading is very dear to me. I do not want to call this a system or method. Davit's style of trading is very logical and perhaps that is why traders who accept it fully gain from it. While all of us post our winners, I'd like to share a trade that resulted in loss for me. We could consider this as a case study. Like most traders out there, I too was certain BoE will raise interest rates today. This expectation created a GBP positive bias in my mind which was so strong that I ignored the rules of my trades....
Thanks you for sharing your results. I am learning so much here...
  • #12,579
  • Nov 2, 2017 5:46pm Nov 2, 2017 5:46pm
Trump taps Fed centrist Powell to lead U.S. central bank
Howard Schneider, Jeff Mason

WASHINGTON (Reuters) - President Donald Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank, breaking with precedent by denying Janet Yellen a second term but signaling a continuation of her cautious monetary policies.

http://www.reuters.com/article/us-us...siness+News%29
Invest in Life
  • #12,580
  • Nov 2, 2017 6:05pm Nov 2, 2017 6:05pm
Just made this up after seeing DRforexMD's thread with Kenny Roger's video know when to hold em. thought you guys might enjoy.

On a cold winters morning, on train bound for nowhere,

I met up with a trader, we were both to tired to sleep

So we took turns staring at the charts in the window

The boredom overtook us and he began to speak

he said, son i've made my life out of reading charts and tables

and know what the trades were, by the way the charts held their price

and if you don't mind me sayin, I can see your out of trades

for a taste of your whisky i'll give you some advice

so i handed him my bottle and he drank down my last swallow

then he bummed a cigarette and asked me for a light

and the night got deathly quiet and his face loss all expression

said if you're gonna trade forex boy you gotta learn to trade it right

You got to know when to open em know when to close em

know when to walk away and know when to let em run

you never count your pips when sitting at the computer

they're will be time enough for counting when the tradings done

now every trader knows that the secret to surviving, is knowing what to trades to close and knowing what to keep

cause every trades a winner and every trades a loser, and the best that I can hope for is to die in your sleep

and when he finished speaking he turned back to the window crushed out the cigarette and faded off to sleep

and somewhere in the darkness the trader broke even, but in his final words I found a trade I could keep
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