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Pivot Trading

  • #13,761
  • Dec 12, 2017 8:44am Dec 12, 2017 8:44am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
Thanks Davit great system!
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We obey the structure that results from the market's reaction
  • #13,762
  • Dec 12, 2017 8:48am Dec 12, 2017 8:48am
I recommend not trading USD pairs until Feds major event.If you do you are on your own risk.
Market can react many different ways.Rate increase does not mean automatic USD strength it depends how much rate is already priced in and what Feds project next year.I rather stay sidelines until dust clears.Plenty of opportunists on crosses.
In trading, you have to be defensive and aggressive at the same time
  • #13,763
  • Dec 12, 2017 9:38am Dec 12, 2017 9:38am
Quoting Davit
I recommend not trading USD pairs until Feds major event.If you do you are on your own risk. Market can react many different ways.Rate increase does not mean automatic USD strength it depends how much rate is already priced in and what Feds project next year.I rather stay sidelines until dust clears.Plenty of opportunists on crosses.
I'm sitting 8 hours in one of the USD pairs. Starting to love these low moving pairs. No idea why I haven't looked at them before. Maybe they seemed too exotic to me.

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  • #13,764
  • Dec 12, 2017 11:47am Dec 12, 2017 11:47am
Quoting 1pipperhour
{quote} I'm sitting 8 hours in one of the USD pairs. Starting to love these low moving pairs. No idea why I haven't looked at them before. Maybe they seemed too exotic to me. {image}
So you have been trading Forex and have not looked at one of the major pairs?with the highest positive swap...I don't know what to think really
I am discovering things on here everyday that sane person would not choose to deal with...Getting exhausting
In trading, you have to be defensive and aggressive at the same time
  • #13,765
  • Dec 12, 2017 11:56am Dec 12, 2017 11:56am
When you see a pair close or on WP wait until it gets in the zone otherwise you might be early way early.
EC has potential to move north which I am incline to believe but it could go south.Draghi speaking today and he might effect this pair and all Euro pairs.
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In trading, you have to be defensive and aggressive at the same time
  • #13,766
  • Dec 12, 2017 12:10pm Dec 12, 2017 12:10pm
Feds may push AU into nice set up zone
7450-74
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In trading, you have to be defensive and aggressive at the same time
  • #13,767
  • Dec 12, 2017 3:13pm Dec 12, 2017 3:13pm
Quoting Davit
{quote} So you have been trading Forex and have not looked at one of the major pairs?with the highest positive swap...I don't know what to think really I am discovering things on here everyday that sane person would not choose to deal with...Getting exhausting
There were different reasons why I chose to trade only one major - GU. Nothing weird in it.
  • #13,768
  • Dec 12, 2017 7:02pm Dec 12, 2017 7:02pm
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I woke this morning and saw this respecting my version of the 78 (I've accepted my versions of the pivots will never be the same a Davits but are close enough)
jumped in before coffee and didn't check a speech by a certain reserve banker, oh well I have my 1st position for the run back down.
I will get my head around this, but always can be wrong
  • #13,769
  • Dec 12, 2017 8:21pm Dec 12, 2017 8:21pm
Quoting 1pipperhour
{quote} I'm sitting 8 hours in one of the USD pairs. Starting to love these low moving pairs. No idea why I haven't looked at them before. Maybe they seemed too exotic to me. {image}
did you set your time zone to +7 ?
because your R100 is between my R38 & R61 (timezone : -5)
"Hope" is dangerous word in trading, trade what you see not what you hope!
  • #13,770
  • Dec 13, 2017 12:09am Dec 13, 2017 12:09am
growing legs on this
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In trading, you have to be defensive and aggressive at the same time
  • #13,771
  • Edited 1:26am Dec 13, 2017 12:17am | Edited 1:26am
for my dedicated hate fan club
throw them a bone
my results thus far in Dec and still have positive trades running.
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In trading, you have to be defensive and aggressive at the same time
  • #13,772
  • Dec 13, 2017 12:43am Dec 13, 2017 12:43am
Quoting zorndyke
{quote} did you set your time zone to +7 ? because your R100 is between my R38 & R61 (timezone : -5)
Sorry again for noobies question, but i can't find the right way to have pivot zone in the same way of Davit... I've read and tried but no way. Please i don't wanthurt or spam , just find a right way to follow this amzing 3d.
I'm using Davids Pivot 3.2 auto indi and i live in italy London gmt+1 so .... I supposed that pivot period must be previous week from sunday open market to friday close or not? In this case are my settings seems corret by i've have diffenret pivot point? Thanks for any suggestion and sorry again..
Regards
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  • #13,773
  • Dec 13, 2017 12:48am Dec 13, 2017 12:48am
Quoting cescof
{quote} Sorry again for noobies question, but i can't find the right way to have pivot zone in the same way of Davit... I've read and tried but no way. Please i don't wanthurt or spam , just find a right way to follow this amzing 3d. I'm using Davids Pivot 3.2 auto indi and i live in italy London gmt+1 so .... I supposed that pivot period must be previous week from sunday open market to friday close or not? In this case are my settings seems corret by i've have diffenret pivot point? Thanks for any suggestion and sorry again.. Regards2598892
if you can open NY Oanda demo account then you can use that for pivots.I am sure demo is easy to open
In trading, you have to be defensive and aggressive at the same time
  • #13,774
  • Edited 1:31am Dec 13, 2017 1:10am | Edited 1:31am
Quoting zorndyke
{quote} did you set your time zone to +7 ? because your R100 is between my R38 & R61 (timezone : -5)
Here. This is the last post ever I make about pivot values in this thread. Stop worrying about your pivots. There's no line or MA on your chart which stops price movement. There are many ways to trade, but here, among other things, you have to look overall PA as well - like last points where price reacted, etc. This is where screen time comes in play. Your trade might work at these (pivot) levels but it also might not. There's no way I will take a trade just because it's at some pivot level. We are trading in the shadow of MM's, so it comes handy if you just try to understand what they are doing, pivots are just some of the guidelines.

Here are two charts - mine and Oanda. Values are almost the same. They are also same, with couple of pips difference, on different FX sites I checked. So all good.

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Edit: this maybe my last post here ever if it is exhausting.
  • #13,775
  • Dec 13, 2017 1:33am Dec 13, 2017 1:33am
Quoting 1pipperhour
{quote} Here. This is the last post ever I make about pivot values in this thread. Stop worrying about your pivots. There's no line or MA on your chart which stops price movement. There are many ways to trade, but here, among other things, you have to look overall PA as well - like last points where price reacted, etc. This is where screen time comes in play. Your trade might work at these (pivot) levels but it also might not. There's no way I will take a trade just because it's at some pivot level. We are trading in the shadow of MM's, so it comes...
I agree. I see most posts confirming pivot levels and many few with actual trade ideas/thoughts.
Fall seven times, stand up Eight! #GGMU
  • #13,776
  • Dec 13, 2017 3:48am Dec 13, 2017 3:48am
Quoting impossible82
EN currently is very bearish, will patiently wait for the price to reach around S138 region for long potential. {image}
hey dudes ... just point'n out error to this post .... EN D1 timeframe is very bullish .... make sure u have the basics right ... it is in correction for the chart showing by impossible82 ... this means it is bearish in some lower TF .... 101
  • #13,777
  • Dec 13, 2017 3:49am Dec 13, 2017 3:49am
EA moving up..H4 chart
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  • #13,778
  • Dec 13, 2017 3:50am Dec 13, 2017 3:50am
Quoting griffinssoul
{quote} hey dudes ... just point'n out error to this post .... EN D1 timeframe is very bullish .... make sure u have the basics right ... it is in correction for the chart showing by impossible82 ... this means it is bearish in some lower TF .... 101
Griffinssoul, please PM me. I have Davit's permission to do this here, since you do not allow people to message you. Thanks.
  • #13,779
  • Dec 13, 2017 3:59am Dec 13, 2017 3:59am
@cescof,just change the time zone to -5,if necessary refresh the chart by changing time frame and when you line up pivots save the template with correct settings again.

I am in the same time zone (GMT +1) trading on live acc. based on Cyprus which is GMT +2 but this indicator version "3.2 auto" really works auto.
I also had problems to line up pivots with Davit but i found i was messing up with time zones just like you did.

Davit,i am sorry if this post is kind of spam but i want to help because our time zones are same and i am sure setting time zone to -5,broker candle to false(just like in original settings) is working for our time zone.
Also opening Oanda demo acc. would be a problem for some of us if we already have live MT4 account with other broker,my laptop would struggle to handle two MT4.
stations plus another non MT4 platform from different broker....
I was thinking to send PM to cescof to avoid spamming here but because of constantly repeated questions about pivot indicator i decide to risk being removed and post this in public for others to see.
  • #13,780
  • Dec 13, 2017 7:46am Dec 13, 2017 7:46am
Pls how do I get the indicator running? As I try to attach it to my chart it is not responding
Pls I need ur guide! I jxt joined
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