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Pivot Trading

  • #13,741
  • Dec 11, 2017 7:31am Dec 11, 2017 7:31am
Quoting vickym
NU, watchlist {image}
I'm in now...the price has rejected R38
Fall seven times, stand up Eight! #GGMU
  • #13,742
  • Dec 11, 2017 7:58am Dec 11, 2017 7:58am
Spot this pair AN to long at S78 region with TDI arrow M5-H1 pointing upward
Attached Image (click to enlarge)
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  • #13,743
  • Dec 11, 2017 9:28am Dec 11, 2017 9:28am
Nice just it is not from 78 pivot but somewhere in between s61 and s38. You have to refresh chart. It's a new week and pivots are changed from last week.
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  • #13,744
  • Dec 11, 2017 2:12pm Dec 11, 2017 2:12pm
Its actually yours PP that are not correct Aquila.

AUD/NZD
1.0843
1.0908
1.0948
1.1013 PP
1.1078
1.1118
1.1183
There is NO god.. Only the believers!
  • #13,745
  • Dec 11, 2017 4:58pm Dec 11, 2017 4:58pm
Hi Davit,

I was hoping I could pick your brain as to how you would handle a certain situation while trading.

In picture 1, I circled areaa that looks like it would be a good area to enter shorts to UJ:
Attached Image (click to enlarge)
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but then after moving the chart forward to now:
Attached Image (click to enlarge)
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we see that your basically holding on to a losing trade so far. What would you be thinking/analyzing in a current trade if you were short in that area?

Thanks!
  • #13,746
  • Dec 11, 2017 6:19pm Dec 11, 2017 6:19pm
Quoting Aqvila
Nice just it is not from 78 pivot but somewhere in between s61 and s38. You have to refresh chart. It's a new week and pivots are changed from last week.{image}

Thanks pal for pointing out.
  • #13,747
  • Dec 11, 2017 7:19pm Dec 11, 2017 7:19pm
Quoting biodragon
Hi Davit, I was hoping I could pick your brain as to how you would handle a certain situation while trading. In picture 1, I circled areaa that looks like it would be a good area to enter shorts to UJ: {image} but then after moving the chart forward to now: {image} we see that your basically holding on to a losing trade so far. What would you be thinking/analyzing in a current trade if you were short in that area? Thanks!
about a week ago Davit posted about his losing AN trade
I'm pretty sure it applies to what your asking
I will get my head around this, but always can be wrong
  • #13,748
  • Dec 11, 2017 7:41pm Dec 11, 2017 7:41pm
Quoting biodragon
Hi Davit, I was hoping I could pick your brain as to how you would handle a certain situation while trading. In picture 1, I circled areaa that looks like it would be a good area to enter shorts to UJ: {image} but then after moving the chart forward to now: {image} we see that your basically holding on to a losing trade so far. What would you be thinking/analyzing in a current trade if you were short in that area? Thanks!
Im sure Davit will respond. But for me, just because it is breaching the 61 area doesn't mean a reversal is imminent, nor a clear signal to take the trade. Fundamentals during that time was showing a strong dollar rally and a gold sell-off. After the reversal in Sept the dollar rallied against the yen. The smart play would have been looking for longs, not shorts as HH's and HL's were formed.

However, these peaks you circled are classic textbook swing failures/mean reversion. They can be counter traded, just not long term as the trend was going up.
Trade with confidence, trade without fear.
  • #13,749
  • Dec 11, 2017 8:00pm Dec 11, 2017 8:00pm
Quoting nimtrader
{quote} about a week ago Davit posted about his losing AN trade I'm pretty sure it applies to what your asking
Hmm... I'll go re-read that post.

Quoting Cryptosurf
{quote}. However, these peaks you circled are classic textbook swing failures/mean reversion. They can be counter traded, just not long term as the trend was going up.
Yes. The mean reversion is what I was trying to get more out of Davit about. He has talked about it before quite a couple times, so I was hoping to see what he would say about these areas. To me, his system is all about mean reversion at exhausted price levels that coincide with fibonacci pivots. The TDI indicator, while used only as a confirmation tool, was showing some divergence as well.


After looking at the chart some more I'm starting to think the right thing would have been to take profit on trades at those areas on Oct. 12-17th when it hit S68, and start to look for longs there
  • #13,750
  • Dec 11, 2017 9:36pm Dec 11, 2017 9:36pm
Quoting biodragon
{quote} Hmm... I'll go re-read that post. {quote} Yes. The mean reversion is what I was trying to get more out of Davit about. He has talked about it before quite a couple times, so I was hoping to see what he would say about these areas. To me, his system is all about mean reversion at exhausted price levels that coincide with fibonacci pivots. The TDI indicator, while used only as a confirmation tool, was showing some divergence as well. After looking at the chart some more I'm starting to think the right thing would have been to take profit on...
For counter-trend trades i look where price is at within the 20 ADR. There's a predictable pattern that develops where i watch for it to fail....or push higher.
Trade with confidence, trade without fear.
  • #13,751
  • Dec 12, 2017 12:15am Dec 12, 2017 12:15am
EN and NU in the zone..
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  • #13,752
  • Dec 12, 2017 2:59am Dec 12, 2017 2:59am
BIODRAGON .... answer 1 question... DOES YOUR CHART in ANYWAY resemble "DAVITS" ... ?????????????????????????????????????????????? ... "IF IN DOUBT READ POST 1
  • #13,753
  • Dec 12, 2017 5:16am Dec 12, 2017 5:16am
EA H4 +100pips [weekly pivot] ... this 1 is a bit hard 2 see ... look left for a touch on the R38 .... faded away from a double top in a ranging chart ... expected bouncing over pivot ... will lose these trades if it breaks out [must get out if it does this or get blown account ] ... .... so close to 10%
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  • #13,754
  • Dec 12, 2017 5:16am Dec 12, 2017 5:16am
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  • #13,755
  • Dec 12, 2017 6:02am Dec 12, 2017 6:02am
closed all positions except this chart
tp 0.973 set days ago and looks like a hit
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I will get my head around this, but always can be wrong
  • #13,756
  • Dec 12, 2017 6:14am Dec 12, 2017 6:14am
Quoting biodragon
Hi Davit, I was hoping I could pick your brain as to how you would handle a certain situation while trading. In picture 1, I circled areaa that looks like it would be a good area to enter shorts to UJ: {image} but then after moving the chart forward to now: {image} we see that your basically holding on to a losing trade so far. What would you be thinking/analyzing in a current trade if you were short in that area? Thanks!
I am sorry but you are removed from this thread.You failed to understand what this thread is about.
In trading, you have to be defensive and aggressive at the same time
  • #13,757
  • Edited 6:59am Dec 12, 2017 6:16am | Edited 6:59am
Quoting impossible82
Spot this pair AN to long at S78 region with TDI arrow M5-H1 pointing upward {image}
good catch I am on it as well

this has serious potential
RBA Gov Lowe Speaks in 9hrs and I anticipate bullishness of AUD to continue
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #13,758
  • Edited 7:44am Dec 12, 2017 7:27am | Edited 7:44am
Quoting ifophia
Should i still hold? TDI was showing green at the time. {image}
You are removed from this thread.I suggest stop trading my system!and Stop posting at TMS about my thread.You obviously lack experience and fail to follow direction.I have in numerous times stated NOT to trade hyper pairs but obviously that flew out of your head.I think its best you severe all connection to this system!

This is to all new traders.Read the disclaimer! minimum 2yr experience in forex. If you trade this system its on your own risk but you will be removed I am good at spotting people with no experience.
I am always suspicions of people praising me in short notice by few winning trades then vanishing and at times swim into a troll reality.
I have no control about these scenarios manifesting in public forum.One guy whom I put on ignore actually started a thread trolling about me...
reality in forex factory
In trading, you have to be defensive and aggressive at the same time
  • #13,759
  • Dec 12, 2017 7:58am Dec 12, 2017 7:58am
EN currently is very bearish, will patiently wait for the price to reach around S138 region for long potential.
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  • #13,760
  • Edited 8:30am Dec 12, 2017 8:04am | Edited 8:30am
Quoting impossible82
EN currently is very bearish, will patiently wait for the price to reach around S138 region for long potential. {image}
you are removed from here.
Just posted above about not to trade hyper pairs and you post this chart. Failing to follow direction that including adding indicators not part of this system
which I specifically stated on page 1 in glaring orange!

Please use my template and indicators only.
This is so we are all on same page and stick with what is being shared here.
If you do post with added indicators you will be removed from this thread without warning!
In trading, you have to be defensive and aggressive at the same time
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