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Pivot Trading

  • #13,581
  • Dec 5, 2017 9:17am Dec 5, 2017 9:17am
look obvious clearing stops but price went opposite direction.When you gain experience you can almost tell a faky from real spike.Scale in and relax and be conscious of time factor!
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In trading, you have to be defensive and aggressive at the same time
  • #13,582
  • Dec 5, 2017 9:20am Dec 5, 2017 9:20am
this entire area is strong sopport
NFP week and rate decision on 13th best you trade crosses none USD pairs.YOu really can't know how market makers will respond to data not until its over.
Stay safe last thing you need is burn hard earned profits in days.Plenty of opportunity on none USD pairs
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In trading, you have to be defensive and aggressive at the same time
  • #13,583
  • Dec 5, 2017 9:28am Dec 5, 2017 9:28am
Quoting Davit
{quote} and did you get out? or waited until all your profits gone Just remember guys time is a factor in trading.Not every trades becomes profitable right away.Weekly pivots mean a week is not unreasonable to hold and I have held trades lot longer then that. Don't be afraid of spikes.Its the way large orders get filled hitting stops triggering liquidity.You must be smarter and be patient.
I'm glad you brought this up Davit. I have no problem giving a trade time to become profitable, but I have many times given it too much time to become MORE profitable and ended up giving back a good chunk before getting out. Something I am working on for sure. I think a contributing factor is that I am trading a micro account and greed definitely plays a role...holding onto a trade for 2-3 days just to close for the price of a happy meal just doesnt sit well. Lol. I can see that if I would set greed aside and just be disicplined those happy meals will soon be dinner for twos.
Process over outcome.
  • #13,584
  • Dec 5, 2017 9:39am Dec 5, 2017 9:39am
Quoting Chrysmere
{quote} I'm glad you brought this up Davit. I have no problem giving a trade time to become profitable, but I have many times given it too much time to become MORE profitable and ended up giving back a good chunk before getting out. Something I am working on for sure. I think a contributing factor is that I am trading a micro account and greed definitely plays a role...holding onto a trade for 2-3 days just to close for the price of a happy meal just doesnt sit well. Lol. I can see that if I would set greed aside and just be disicplined those happy...
its a constant challenge because some trades go into a range and some trend.Hard to tell how that might unfold.Best you can do is take profits at reasonable levels.
Example AC hit WP but could not break higher so I got out because it was obvious that range is in the cards.Lot of these is having spend more screen time.Some things its the only way to learn.
In trading, you have to be defensive and aggressive at the same time
  • #13,585
  • Dec 5, 2017 9:42am Dec 5, 2017 9:42am
less then 30min and in good profits with larger lots
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In trading, you have to be defensive and aggressive at the same time
  • #13,586
  • Dec 5, 2017 10:01am Dec 5, 2017 10:01am
Quoting Davit
{quote} looking forward you to post again. I love to know what's going on with you! Regards
Hi Davit & Pivot'ers,

Hope you all had a profitable day, the results below are for the year 2017 for low risk accounts based on Pivot. R.O.I is +1237.4%

I'll be back more often next year.
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  • #13,587
  • Dec 5, 2017 10:14am Dec 5, 2017 10:14am
Quoting sniperdebt
{quote} Hi Davit & Pivot'ers, Hope you all had a profitable day, the results below are for the year 2017 for low risk accounts based on Pivot. R.O.I is +1237.4% I'll be back more often next year. {image}
Welcome back my idol
very long time no see you dude, hope you can share your experience more in here.
Green pips buddy
  • #13,588
  • Dec 5, 2017 10:37am Dec 5, 2017 10:37am
Quoting Davit
I am still trading guys.Can't stay away when I see good set ups.Making money is what's all about although spending less time here. AC +459 minor gains on UJ AN reloaded on AC even bigger positions {image}
Its hard to stay away when you see $$$ raining from the sky.
Trade with confidence, trade without fear.
  • #13,589
  • Dec 5, 2017 10:41am Dec 5, 2017 10:41am
Quoting Davit
{quote} and did you get out? or waited until all your profits gone Just remember guys time is a factor in trading.Not every trades becomes profitable right away.Weekly pivots mean a week is not unreasonable to hold and I have held trades lot longer then that. Don't be afraid of spikes.Its the way large orders get filled hitting stops triggering liquidity.You must be smarter and be patient.
I held the position since yesterday. I got out with significant profit. am enjoying this system. thanks Davit for being such a good Mentor. much love
John 3:16. Repent Jesus Loves you
  • #13,590
  • Dec 5, 2017 10:48am Dec 5, 2017 10:48am
Quoting sniperdebt
{quote} Hi Davit & Pivot'ers, Hope you all had a profitable day, the results below are for the year 2017 for low risk accounts based on Pivot. R.O.I is +1237.4% I'll be back more often next year. {image}
I am very happy you are back and with fantastic results!
looking forward to 2018
In trading, you have to be defensive and aggressive at the same time
  • #13,591
  • Dec 5, 2017 10:53am Dec 5, 2017 10:53am
I was reading famous thread and came away on this statement by OP

"FORGET ABOUT REVERSALS - that is top and bottom trading which only LOSERS trade!"

The whole statement is idiotic. Entire market is basically based on reversals and different time zones have their own mini reversals.
In basic trading only way to make money is when you buy low and price goes higher and you sell price goes lower.Now think about that.Had price not reverse you would've not made money.I find it interesting that lot of traders have such narrow vision.
Mr Pip Scott myself CNtrader and many others do exactly that trade reversal waves SUCCESSFULLY!
In trading, you have to be defensive and aggressive at the same time
  • #13,592
  • Dec 5, 2017 11:12am Dec 5, 2017 11:12am
Quoting Davit
I was reading famous thread and came away on this statement by OP "FORGET ABOUT REVERSALS - that is top and bottom trading which only LOSERS trade!" The whole statement is idiotic. Entire market is basically based on reversals and different time zones have their own mini reversals. In basic trading only way to make money is when you buy low and price goes higher and you sell price goes lower.Now think about that.Had price not reverse you would've not made money.I find it interesting that lot of traders have such narrow vision. Mr Pip Scott myself...
and he is supposedly the price action king, he must be reading at it with his eyes closed .
  • #13,593
  • Dec 5, 2017 11:26am Dec 5, 2017 11:26am
can you see this?
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John 3:16. Repent Jesus Loves you
  • #13,594
  • Dec 5, 2017 11:27am Dec 5, 2017 11:27am
Quoting Davit
I was reading famous thread and came away on this statement by OP "FORGET ABOUT REVERSALS - that is top and bottom trading which only LOSERS trade!" The whole statement is idiotic. Entire market is basically based on reversals and different time zones have their own mini reversals. In basic trading only way to make money is when you buy low and price goes higher and you sell price goes lower.Now think about that.Had price not reverse you would've not made money.I find it interesting that lot of traders have such narrow vision. Mr Pip Scott myself...
Reversals work, the problem is that people get taught the reversals wrongly without understanding the correct ones to get into, they dont understand why its reverses, if a reversal loses steam, if it is the correct reversal to get into, THE FULL MECHANICS!!... people want the easy route..so they try and get into every reversal pattern right at the start of it, its not always their fault...they are usually taught by people who have no success themselves so how are they supposed to know how to properly trade?
  • #13,595
  • Dec 5, 2017 11:39am Dec 5, 2017 11:39am
Quoting Davit
I was reading famous thread and came away on this statement by OP "FORGET ABOUT REVERSALS - that is top and bottom trading which only LOSERS trade!" The whole statement is idiotic. Entire market is basically based on reversals and different time zones have their own mini reversals. In basic trading only way to make money is when you buy low and price goes higher and you sell price goes lower.Now think about that.Had price not reverse you would've not made money.I find it interesting that lot of traders have such narrow vision. Mr Pip Scott myself...
I agree with you 100 % " Mr Pip Scott myself CNtrader and many others do exactly that trade reversal waves SUCCESSFULLY! " can you please elaborate in this please or link to any post where you have already explained how you do it please

Thank You
Best Regards
  • #13,596
  • Edited 12:37pm Dec 5, 2017 12:17pm | Edited 12:37pm
Thank you! @davit Please name your favorite charity I like to donate 10% of my winnings. As a small token of appreciation. Cheers

Five fundamental truths:
1. Anything can happen.
2. You don’t need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that
define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening
over another.
5. Every moment in the market is unique.

– Mark Douglas
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Plan your trade and Trade your plan.
  • #13,597
  • Dec 5, 2017 12:38pm Dec 5, 2017 12:38pm
Quoting HumbleLearne
{quote} I agree with you 100 % " Mr Pip Scott myself CNtrader and many others do exactly that trade reversal waves SUCCESSFULLY! " can you please elaborate in this please or link to any post where you have already explained how you do it please Thank You Best Regards
you do realize my entire thread system is based on reversal right?
In case you missed here is page 1
In trading, you have to be defensive and aggressive at the same time
  • #13,598
  • Dec 5, 2017 12:47pm Dec 5, 2017 12:47pm
Quoting Opayq
Thank you! @davit Please name your favorite charity I like to donate 10% of my winnings. As a small token of appreciation. Cheers Five fundamental truths: 1. Anything can happen. 2. You don’t need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. 5. Every moment in the market is unique. – Mark Douglas {image} {image}
that is outstanding bravo!
you don't have to donate big amount even small amount helps
https://www.armeniatree.org/en/
growing fruit trees for the poor and wild trees to build eroded lands.
In trading, you have to be defensive and aggressive at the same time
  • #13,599
  • Dec 5, 2017 12:54pm Dec 5, 2017 12:54pm
Quoting venividivici
{quote} Reversals work, the problem is that people get taught the reversals wrongly without understanding the correct ones to get into, they dont understand why its reverses, if a reversal loses steam, if it is the correct reversal to get into, THE FULL MECHANICS!!... people want the easy route..so they try and get into every reversal pattern right at the start of it, its not always their fault...they are usually taught by people who have no success themselves so how are they supposed to know how to properly trade?
there is truth in what you are saying but I would not say every reversal trader is a loser.
In trading, you have to be defensive and aggressive at the same time
  • #13,600
  • Dec 5, 2017 4:54pm Dec 5, 2017 4:54pm
Quoting Davit
I was reading famous thread and came away on this statement by OP "FORGET ABOUT REVERSALS - that is top and bottom trading which only LOSERS trade!" The whole statement is idiotic. Entire market is basically based on reversals and different time zones have their own mini reversals. In basic trading only way to make money is when you buy low and price goes higher and you sell price goes lower.Now think about that.Had price not reverse you would've not made money.I find it interesting that lot of traders have such narrow vision. Mr Pip Scott myself...
That famous thread has traction because a lot of people, including myself thought that this strat, and the lengendary founder of pipware, stratman were the same people. According to strat, they are not, despite a remarkable similarity in their profile. So strat is using someone else's credibility to fuel his own thread. They say strange things over there. They do not believe candles and moving averages are indicators, for example. With the statement you highlighted, apparently they do not know the forex market is mean reverting and is in a range 80% of time and will revert back to a mean 98% of the time within three months. It's just so very strange.
If you are good at something, never do it for free--Joker
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