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Pivot Trading

  • #13,101
  • Nov 15, 2017 5:26am Nov 15, 2017 5:26am
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-11-15_2021.png Size: 51 KB

Useful Script to plot entry/exit points and gain/loss expressed in points (yellow number)
Attached File(s)
File Type: ex4 BETTER_YZGraphOnLine.ex4   23 KB | 313 downloads
  • #13,102
  • Nov 15, 2017 6:48am Nov 15, 2017 6:48am
Quoting Doc_
Is this an acceptable template? {image}
It's fine now. Your pivots look fine as well.

You might also want to change the indicator elements that are black to white since you're using a black background. ADR, etc...
Trade with confidence, trade without fear.
  • #13,103
  • Nov 15, 2017 7:23am Nov 15, 2017 7:23am
Quoting FXClarity
Perhaps this chart of the EUR/USD may serve of some use. Yes, there is a target at 1.1678 BUT right now this pair is in breakout..into year end and trust me on this please...Fading end of year breakouts can be a brutal exercise for even the most practised risk manager. Although the chart I've attached does not adhere exactly to the method shared by the OP, Davit - It does serve as my own analysis of why I'll be selling this pair....but not quite yet. EUR/USD in breakout It hasn't even had a pullback to form a swing low Moves up in consolidation...
Looks like a BARF trade forming
  • #13,104
  • Nov 15, 2017 7:27am Nov 15, 2017 7:27am
Quoting spyderman
Also building positions on NC. Was originally thinking riding the S38 up to R38. Now that she dipped to the S61 not sure yet. Still very newbie to the idea. {image}
Watching this as it reacts to pivot. Will close if it rejects.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADH1.png Size: 104 KB
  • #13,105
  • Nov 15, 2017 7:38am Nov 15, 2017 7:38am
Quoting spyderman
{quote} Watching this as it reacts to pivot. Will close if it rejects. {image}
Closed on break of TL down. Of course now it will shoot up.

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Click to Enlarge Name: NZDCADM5.png Size: 79 KB
  • #13,106
  • Nov 15, 2017 7:55am Nov 15, 2017 7:55am
Quoting spyderman
{quote} Looks like a BARF trade forming
Yes, the 60 min did the bull flag / bear trap and immediately crucified any seller with a spike - no surprise
  • #13,107
  • Nov 15, 2017 9:06am Nov 15, 2017 9:06am
EC..should go down now...
Attached Image (click to enlarge)
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  • #13,108
  • Nov 15, 2017 9:28am Nov 15, 2017 9:28am
Quoting spyderman
{quote} Watching this as it reacts to pivot. Will close if it rejects. {image}
Hi Spyderman
are the trades before 61S later trades or you started buying early.
How is the account doing trading this system so far although we had unusual end of the year spike on Euro

I hope some of you build AC longs when I posted.
In trading, you have to be defensive and aggressive at the same time
  • #13,109
  • Nov 15, 2017 9:36am Nov 15, 2017 9:36am
Took stab at this monster EC 6 positions
way overbought or that's just understatement.When this collapses it will be quick
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,110
  • Nov 15, 2017 9:47am Nov 15, 2017 9:47am
Quoting starpro
Davit ,,, Well Done !!! on the whole thread, discipline to put up with ************** etc etc altho I don't follow you like little puppy (after being at it for a few yrs) your knowledge passed on in a clear and concise manner has trans formed my trading ... I thank you .. today has been just one of many since I startd using your pivot trading {image}
Thank you my friend.THis is kind of posts I love when it makes a difference
In trading, you have to be defensive and aggressive at the same time
  • #13,111
  • Nov 15, 2017 9:52am Nov 15, 2017 9:52am
@Davit - Unfortunately I was asleep when you called the AC. I am now working on establishing a routine so I can trade without going from chart to chart all the time. I plan on watching 3-4 commodity pairs as suggested because they are usually ranging. And watch for the upcoming news for the week / day. And I'll try to trade the extreme only.

It is difficult to switch from my scalping mentality but I feel it's the only way I will finally make it.

BTW - I took several good trades because of your work and I can see a good future now.
  • #13,112
  • Nov 15, 2017 10:00am Nov 15, 2017 10:00am
house of cards showing cracks
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,113
  • Nov 15, 2017 10:02am Nov 15, 2017 10:02am
Quoting thedrrew
@Davit - Unfortunately I was asleep when you called the AC. I am now working on establishing a routine so I can trade without going from chart to chart all the time. I plan on watching 3-4 commodity pairs as suggested because they are usually ranging. And watch for the upcoming news for the week / day. And I'll try to trade the extreme only. It is difficult to switch from my scalping mentality but I feel it's the only way I will finally make it. BTW - I took several good trades because of your work and I can see a good future now.
Overtime you will see things very clearly and easily identifying good set ups.
Remember you don't die live by 1, 10 or even 20 trades.Its a marathon.Try 300 then make an assessment
cheers
In trading, you have to be defensive and aggressive at the same time
  • #13,114
  • Nov 15, 2017 10:06am Nov 15, 2017 10:06am
Quoting Davit
Took stab at this monster EC 6 positions way overbought or that's just understatement.When this collapses it will be quick {image}
Textbook swing failure

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADiH1.PNG Size: 87 KB
Trade with confidence, trade without fear.
  • #13,115
  • Nov 15, 2017 10:09am Nov 15, 2017 10:09am
hi davit

i dont post often, but this is proof to anyone still skeptical about using your pivots. all this on a live a.c for a dear friend, turned 200 usd to 1700 in 15 days . LOL

i just add 200 ema to it for my reference, to take the trades

have a good day . God Bless
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pivots.jpg Size: 117 KB
Click to Enlarge Name: trade.jpg Size: 29 KB
Trend is your friend...
  • #13,116
  • Nov 15, 2017 10:15am Nov 15, 2017 10:15am
Quoting nisha4x
hi davit i dont post often, but this is proof to anyone still skeptical about using your pivots. all this on a live a.c for a dear friend, turned 200 usd to 1700 in 15 days . LOL i just add 200 ema to it for my reference, to take the trades have a good day . God Bless {image} {image}
Hi Nisha that's very impressive results. Over 600trades in 15days-1 month.Wow That's huge.Whatever works
Key is as your account grows you should take less risk not more.Most people psychologically can lose 200 and not be terribly bothered with but 1k 2k 5k it starts effecting how you think and act.
Just keep that in mind my friend.
In trading, you have to be defensive and aggressive at the same time
  • #13,117
  • Nov 15, 2017 10:18am Nov 15, 2017 10:18am
Quoting Cryptosurf
{quote} Textbook swing failure {image}
somehow I knew you were on it!
In trading, you have to be defensive and aggressive at the same time
  • #13,118
  • Nov 15, 2017 10:21am Nov 15, 2017 10:21am
yes, i dont take high risk, all these are very high probability trades and most are 0.01 lot trades just stack them up thats all.

The max drawdown i accept is 5% , so its been not touched till now.

This a.c i made to 1700 , is for a dear friend who is very poor, and now have shown her how to use it to trade conservatively and she will now just try to make it grow by 15-20% a month without risking more than 2% of capital,

Quoting Davit
{quote} Hi Nisha that's very impressive results. Over 600trades in 1 month.Wow That's huge.Whatever works Key is as your account grows you should take less risk not more.Most people psychologically can lose 200 and not be terribly bothered with but 1k 2k 5k it starts effecting how you think and act. Just keep that in mind my friend.
Trend is your friend...
  • #13,119
  • Nov 15, 2017 10:21am Nov 15, 2017 10:21am
EU just like EC..
Attached Image (click to enlarge)
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  • #13,120
  • Nov 15, 2017 10:21am Nov 15, 2017 10:21am
refresher how to think like a trader
Inserted Video
In trading, you have to be defensive and aggressive at the same time
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