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Pivot Trading

  • #12,701
  • Nov 6, 2017 9:49am Nov 6, 2017 9:49am
Quoting Steppl
EURAUD double tested S38, i'm in {image}
I generally prefer not taking trades on 38S/R unless its ranging.Its just not high probability set up.Sort of toss up trade.Good luck
In trading, you have to be defensive and aggressive at the same time
  • #12,702
  • Nov 6, 2017 10:08am Nov 6, 2017 10:08am
Quoting Davit
so far this month 31-0 nice start. {image}
Master I hail thee, well done to the King of fibo Pivots
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #12,703
  • Nov 6, 2017 10:40am Nov 6, 2017 10:40am
FYI ECad retest of S61
Blessed is the one who takes refuge in Him.
  • #12,704
  • Nov 6, 2017 11:13am Nov 6, 2017 11:13am
AC...waiting for S61-S78 to go long.

I stick to my plan which is simply to find the TREND / market bias, find the key LEVELS, and look for a trade SIGNAL. Wait for a high probability trade rather than trying to catch every move hoping it goes my way.

In my opinion it is better to trade like a sniper...be patient wait for trade to come to me, let the market show me the setup on a key level. Once it shows its hand, trade small then add positions as it confirms trade going positive.

Better to trade with the accuracy of a sniper than to throw my trades all over the place hoping some will hit its target. imo
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Invest in Life
  • #12,705
  • Nov 6, 2017 12:36pm Nov 6, 2017 12:36pm
Quoting Davit
{quote} I generally prefer not taking trades on 38S/R unless its ranging.Its just not high probability set up.Sort of toss up trade.Good luck
Thank you for your input. Hit S/L, learned my lesson
  • #12,706
  • Nov 6, 2017 1:10pm Nov 6, 2017 1:10pm
hello davit!

i'm watching and reading your thread since at least one year. it's the best trading system i have seen since i started with trading (6 years ago/every day)...and believe me...i have seen a lot.

please hold this great thread up...there is massive quality in it.

or maybe you will start your own site with an livetrading room? think about it.

anyways, i wish u and your family all the best and massive green pips!!!

greetings from austria
  • #12,707
  • Nov 6, 2017 2:36pm Nov 6, 2017 2:36pm
Thanks to all those who replied re the pivots changing , I have reconfigured "fibo tool " to work ... A huge THANK you to Davit , when I come to America I will shout you a "Vegemite Sandwich" ,I wont post charts because they are not exactly as you require but needless to say I'm very gratefull to your good self .
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  • #12,708
  • Nov 6, 2017 2:54pm Nov 6, 2017 2:54pm
I dont think I have sayd thank you enough for who deserve
the beauty of this Indicator or template if you play the way he deserve he will be retributive to you ,


To the members of the group can comment about my entry on aud/usd 1


regards
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  • #12,709
  • Nov 6, 2017 4:20pm Nov 6, 2017 4:20pm
GM Davit and all traders.. start raining season in Jakarta..

Last week trade on AC (120pips)
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Then Closed UC this morning (90 pips)
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Green pips to all...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #12,710
  • Edited 5:53am Nov 7, 2017 4:01am | Edited 5:53am
Double bottom +TDI divergence on S61 on EC
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Same as on EN
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Avoid the crowd. Be chess player, not chess piece
  • #12,711
  • Nov 7, 2017 5:55am Nov 7, 2017 5:55am
First trade using Davit's strategy worked out to 50+ pips this morning. Thanks again Davit for sharing your knowledge here.

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Blessed is the one who takes refuge in Him.
  • #12,712
  • Nov 7, 2017 6:47am Nov 7, 2017 6:47am
Hi to all

lets share the entry points and then we can see if we are on same plane

nice trade 50 p : reo4ua but is been brave with time 15 m

if i remebers is not recomended be going lower than 30 m

by


Ps * i will show my big mistake later one after i finished and correct all .
  • #12,713
  • Nov 7, 2017 7:12am Nov 7, 2017 7:12am
Quoting jposmak
Hi to all lets share the entry points and then we can see if we are on same plane nice trade 50 p : reo4ua but is been brave with time 15 m if i remebers is not recomended be going lower than 30 m by Ps * i will show my big mistake later one after i finished and correct all .

You are correct sir. I traded off either 1h o 4h (can't remember). Easier to see movement on 15m chart for picture.
Blessed is the one who takes refuge in Him.
  • #12,714
  • Nov 7, 2017 7:17am Nov 7, 2017 7:17am
Quoting jposmak
Hi to all lets share the entry points and then we can see if we are on same plane nice trade 50 p : reo4ua but is been brave with time 15 m if i remebers is not recomended be going lower than 30 m by Ps * i will show my big mistake later one after i finished and correct all .
please read 1st page again.Its pretty clear.
Hi guys
love pivots! love TDI which is RSI+MA rest of fluff I took it out.
Here is how to trade pivots.
As price travels progressively away from weekly pivot it becomes more likely to go into correction.
61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone.
Should price smash 100 S/R then you are in strong trend supported by fundamentals.
Pivots can be traded both with the trend and against.I personally don't subscribe to typical bookish mentally that if previous H4 is bear then assumption should be another bear candle.This is very wrong way to look at the markets.Markets are in constant motion and within 1 H4 candle price can move opposite over 100pips against previous candle so its not about previous candles but where price is in relative to pivots.In simple terms Location is what is important.
I trade 15-30min charts however bigger works as well.
TDI is our friend.When price hit major pivots we wait for TDI to turn thus confirm the move. Sharp angles important when its almost horizontal PA is weak or consolidating thus avoid trading.PA is king always!
In trading, you have to be defensive and aggressive at the same time
  • #12,715
  • Nov 7, 2017 7:23am Nov 7, 2017 7:23am
EC nice bounce on S61
Looks like someone at TMS is obsessed by my every post asking about pivots etc.
I take it as complement !
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In trading, you have to be defensive and aggressive at the same time
  • #12,716
  • Edited 7:54am Nov 7, 2017 7:35am | Edited 7:54am
Quoting Davit
EC nice bounce on S61 Looks like someone at TMS is obsessed by my every post asking about pivots etc. I take it as complement ! {image}
That guy really has become a raging buffon.
No professional trader is using TMS.
No one.

Meanwhile, Fib Pivots predicting rain....

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Trade with confidence, trade without fear.
  • #12,717
  • Nov 7, 2017 7:59am Nov 7, 2017 7:59am
Quoting Davit
EC nice bounce on S61 Looks like someone at TMS is obsessed by my every post asking about pivots etc. I take it as complement ! {image}
why do they call it tms? it should be called trading made over complicated
  • #12,718
  • Nov 7, 2017 8:07am Nov 7, 2017 8:07am
Quoting Davit
EC nice bounce on S61 Looks like someone at TMS is obsessed by my every post asking about pivots etc. I take it as complement ! {image}
Yes, haters are a good thing Davit.

https://medium.com/@asandalis/law-2-...r-f987cae6e4ca
If you are good at something, never do it for free--Joker
  • #12,719
  • Nov 7, 2017 8:08am Nov 7, 2017 8:08am
Closed today: Gold, GU, UJ.
Just closed NU
Still on: EC
=========================
Only failed trades were the ones which i shared with my thoughts about how suck i trade the news

I keep on eyes on the fundamentals, but it will not trigger me into a trade.

For instance EC, waited for Draghi to speak, a few mins after i entered long.

I was good with PA before, but with Davit's "doctrine" it may be a real edge.

----

Also i have the discipline now to manage my DD's ( fairly high 5%/trade in cash )

Despite my earlier DD's i made 130% so far. ( Ok, it is not a huge account and i have a decent job, so i can pull the trigger without fear, it may change once the account size will be more significant )

----

A very basic, but importen advice, which could save a lot of accounts:

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  • #12,720
  • Nov 7, 2017 8:09am Nov 7, 2017 8:09am
Quoting Davit
EC nice bounce on S61 Looks like someone at TMS is obsessed by my every post asking about pivots etc. I take it as complement ! {image}

The great thing about TMS is that it's what led me here to your thread. Don't remember the exact connection but I might not have found yours if not for the TMS thread - I will forever be grateful to TMS for showing me the way here.
Blessed is the one who takes refuge in Him.
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