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Pivot Trading

  • #13,881
  • Dec 15, 2017 1:52pm Dec 15, 2017 1:52pm
GN
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  • #13,882
  • Dec 15, 2017 3:05pm Dec 15, 2017 3:05pm
Quoting nisha4x
this is one of my personal accounts, the dips are withdrawals. using 100% davits methods. btw this is just for 15 days with 400 usd startup capital. withdrew 1600
I know it is dangerous to post in here, cause David will likely block me... But I cannot stop thinking of Your results. It cannot be luck driven. Too many consecutive winners! 124. And 1 loser? That is not luck! That is a skill!

And David's screenshots as well? Fantastic trading skills!

I cant control myself. I have to post my amazement! Sorry!

Just outstanding! Super timing! That has to be timing. Proper timing entries! FANTASTICO!
Maadik Hugiis. IQ 69.
  • #13,883
  • Dec 15, 2017 3:26pm Dec 15, 2017 3:26pm
Quoting MoneyZilla
{quote} I know it is dangerous to post in here, cause David will likely block me... But I cannot stop thinking of Your results. It cannot be luck driven. Too many consecutive winners! 124. And 1 loser? That is not luck! That is a skill! And David's screenshots as well? Fantastic trading skills! I cant control myself. I have to post my amazement! Sorry! Just outstanding! Super timing! That has to be timing. Proper timing entries! FANTASTICO!...
Hi MZ
I don't ban people without reason.

Let me explain something.We trade in batches of trades as 1 group example I may have 15 entries on AN long and once all are cleared and in decent profit I close them all.Record will show 15 winning trades in a row but in actuality its 1batch. So if you close 4-5 batches in profit then I can see 124 consecutive wins.I had months when I went zero loss.
Timing is relative again imagine a cat we try to hit from ears to the tail.All that is valid entry.
regards
In trading, you have to be defensive and aggressive at the same time
  • #13,884
  • Dec 15, 2017 4:15pm Dec 15, 2017 4:15pm
Hi everyone,
was busy this week so didn't trade FX( just invested in some cryptos, wanna try them).
I closed my orders in the perfect spot for AN shorts +758 pips :
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And closed my EURGBP shorts with approximatively +50 pips, i was holding them since last May. Did that to withdraw all the profits and start next year with a new broker.

Have a nice week-end everyone .
I will make another post showing my performances for 2017 year and the progress i made. That's it for now.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #13,885
  • Dec 15, 2017 5:41pm Dec 15, 2017 5:41pm
Quoting Davit
{quote} Thank you Jim that was very generous.I am sure there are lot better traders here on FF and I still have lot to learn. I shared what works for me however it may not work for everyone. One must match trading style with his/her personality much like in ART if one likes to paint still life then may not like figure painting when challenges are far more complex.Trade system that fits your character.Best advise I can give. regards
Don't get me wrong, I do know there are other great traders here. I try to read every post I can. What you do is show up day after day, you can see screen shots of your trades, when you took them, why you took them, how you took them. Nothing hidden, or "not available" Even with this, you do continue to read and study and post. It is nice to see. Opposition comes when you are doing something right. Don't get discouraged at opposing views. It's healthy.

"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."-- Arthur Schopenhauer.
If you are good at something, never do it for free--Joker
  • #13,886
  • Dec 15, 2017 6:20pm Dec 15, 2017 6:20pm
Quoting jmn5611
{quote} . "All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."-- Arthur Schopenhauer.
no quote was ever so true
keep being you and doing what you do, Davit
I will get my head around this, but always can be wrong
  • #13,887
  • Dec 15, 2017 7:45pm Dec 15, 2017 7:45pm
Quoting nisha4x
davit just ignore the barking dogs and do the work you are doing. this is one of my personal accounts, the dips are withdrawals. using 100% davits methods. btw this is just for 15 days with 400 usd startup capital. withdrew 1600 {image} {image}
superb trading nisha4x .... keep going!!!!

Quoting Aqvila
Hi. I think i have a clear edge with this system I started with a 305$ real account on 21th november and now it is at 392$ for almost a 30% gain in less than a month. See detailed statement below. Thank you Davit!{image}
... dis chart is in a steady uptrend wit HH & HL .... brillant effort Aqvila .... it shows u r persistent & like Davit said not affraid to take loss ... a sign of a great trader .... keep going!!!!
  • #13,888
  • Dec 15, 2017 8:17pm Dec 15, 2017 8:17pm
.... some of best tings i learnt from Mark Douglas ...

"Predefine what a loss is in every potential trade. Execute your losing trades immediately upon perception that they exist. Learning to accept the risk is a trading skill. " – Mark Douglas

doesnt seem like a big ting but when u change ur thinking it blows u away ....
  • #13,889
  • Dec 15, 2017 9:11pm Dec 15, 2017 9:11pm
so true , this is exactly the secret to my success over the past few years, and this is not easy to implement .

Patience and enough buffer to sustain trades going against you are the only way we small retail traders can get the better of the market.



Quoting Davit
Just want to remind everyone that not every trade you place becomes profitable right
away.Often people forget time factor.Sometimes it can take a week or more.Doesn't mean you were wrong market just does what it does. Patience in trading is valuable.If you find yourself becoming inpatient then walk away and do some house chore or anything else to distract you from trading. Example my AC and NC trades.Might hold these to next week if necessary and that's perfectly normal.This is not day trading system when you close everything end of the day.
Trend is your friend...
  • #13,890
  • Dec 15, 2017 9:16pm Dec 15, 2017 9:16pm
davit

you said it exactly the way i close my trades, and my trades are always open most of th e time for 2-3 days to mature and thats when i see price action and decide to close

at present i have NC and NU shorts in play and can hold them for 2-3 days even if they bounce higher

Quoting Davit
{quote} Hi MZ I don't ban people without reason. Let me explain something.We trade in batches of trades as 1 group example I may have 15 entries on AN long and once all are cleared and in decent profit I close them all.Record will show 15 winning trades in a row but in actuality its 1batch. So if you close 4-5 batches in profit then I can see 124 consecutive wins.I had months when I went zero loss. Timing is relative again imagine a cat we try to hit from ears to the tail.All that is valid entry. regards
Trend is your friend...
  • #13,891
  • Dec 16, 2017 12:56am Dec 16, 2017 12:56am
Quoting Davit
Its very early Sat morning in Boston still up from Fri. Went over every one of my trades thought about things, mistakes ,successes why's etc.Here is what I deduced in essence what trading is.Controlling risk and your own greed. My control of my risk is trading small and spacing my entries however even then its necessary at times to pull the plug and close all losers.Have done this many times this year EG UJ AN etc. and that's normal since we are dealing with probabilities. Its important you stay focus whatever system you choose to trade 123,...
Hello Davit,

Just curious what's your max drawdown % from peak to trough equity curve this year versus % YTD profit (not account balance... just account equity please) I dabbled a bit in pivots myself about a decade ago and recall having a good time with it as it would give me some 'structure' and clarity in my thought process. I recall using it for entries only.
Staying in my lane...
  • #13,892
  • Dec 16, 2017 1:59am Dec 16, 2017 1:59am
Quoting jmn5611
{quote} Yep, that is the post I was thinking of. Now, there are no more excuses. This thread shows when to enter, when to exit, and how much to risk per trade. Many examples have been posted. Many traders have posted profit. Davit has gone from a struggling trader to being the best trader on FF. This is not flattery. I watched it personally. If anyone comes to this thread and reads this post, go back to post one before posting your first chart. The market will slow down for the students who are serious. Not a dime has been charged. No insinuations...
jmn5611 .... u r a true gentleman & trader .... bless u sir!!!
  • #13,893
  • Dec 16, 2017 4:23am Dec 16, 2017 4:23am
Quoting nisha4x
davit you said it exactly the way i close my trades, and my trades are always open most of th e time for 2-3 days to mature and thats when i see price action and decide to close at present i have NC and NU shorts in play and can hold them for 2-3 days even if they bounce higher {quote}
That explains the win rate. But how do you manage to keep your DD so low, almost zero. Do you hedge your trades? I have the same pairs in trades atm, NC are in loss but NU are in win, so the DD is like 0,4% right now.
  • #13,894
  • Edited 6:47am Dec 16, 2017 6:28am | Edited 6:47am
GM guys sat morning here in Boston.Love morning when my mind is calm and relaxed and love the silence.

Just a reminder that each weekend go over the calander and mark key dates and do this every week religiously until it becomes a habit.
This is important because when you do this often you start noticing how market makers position their orders.They look ahead

We have DEC 18 Monetary Policy Meeting Minutes AUD
I bought lots of AUD against NZD last Friday and I anticipate minutes would be bullish hence feel confident on my AN longs.Might buy AU longs as well.
Notice this analyses has nothing to do with pivots or any technical charts this is just on fundamentals how price may move based on my analyses of calendar events.

Weds NZD Q/Q GDP-After election business confidence is low on NZD hence this might print red and I most likely will hold my AN longs
NU may drop significantly and might be good opertunity to buy lower level.

Weds JPY Monetary Policy Statement- neutral nothing new here.BOJ Policy Rate-same BOJ Press Conference-
don't expect much here most likely range trading.


Thurs huge day for CAD-CPI m/m Core Retail Sales m/m
If green this will do wonders for NC and AC shorts. Retail may print green since its holiday season people shop.

Thurs USD Final GDP q/q
This is a mover if comes out green all majors most likely will lose against USD weakest longer drop.Holiday on the corner this is last major news event on USD and market makers may spike all majors.
My philosophy is when there is carnage look for opertunity don't be afraid.

After 30min of this you feel you have a grasp what's coming up and that adds confidence on your trading decisions.
Since we know USD GDP is Thurs would you sell USD weds? Not likely correct? just going over the calendar you start seeing which scenarios you should avoid.Don't sell USD correct? Possible buy AUD...
Idea doing this you start seeing how market shifts and often it shifts around the calendar.

This is the difference how I trade I don't blindly only look at the charts.
In trading, you have to be defensive and aggressive at the same time
  • #13,895
  • Dec 16, 2017 7:48am Dec 16, 2017 7:48am
Sometimes people erroneously assume I do mostly counter trades.
Not exactly lots of my trades are with bigger trend direction.

AN monthly-higher highs Bullish
Weekly-rejected weekly candle long tail and price stabilized at support orange box
Daily-clearly signs that bears are getting exhausted and buyers are getting in the market.

On fundamentals NZD after election got weaker and I don't see fundamentally NZD gaining on AUD below 900 and most likely scenario is range trading above 900-1000 in 2018
Goes without saying anything can happen.

So am I counter trading? Not when you look at the bigger trend.
Harmonic pattern=might develop typical AB=CD scenerio
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In trading, you have to be defensive and aggressive at the same time
  • #13,896
  • Dec 16, 2017 9:24am Dec 16, 2017 9:24am
the secret is discipline and patience and never to over leverage.

i never hedge but do take multiple positions in the weaker currency .

i check the yearly high and low and base my trades on them , closer to high means shorting is safe and vice versa

Quoting 1pipperhour
{quote} That explains the win rate. But how do you manage to keep your DD so low, almost zero. Do you hedge your trades? I have the same pairs in trades atm, NC are in loss but NU are in win, so the DD is like 0,4% right now.
Trend is your friend...
  • #13,897
  • Dec 16, 2017 11:27pm Dec 16, 2017 11:27pm
hi guys

thanks to those who sent me PM but i have nothing new to teach and i too learn each day as we all are. whatever u need to succeed is there in this thread, just control your greed and never over trade or leverage.

my posting result is just to show support to this method which davit has shown here, my style of trading is almost same .

learn how to identify support and resistance, rest all is all BS , no indicator gives advance notice of the trend change or reversal.
Trend is your friend...
  • #13,898
  • Dec 16, 2017 11:39pm Dec 16, 2017 11:39pm
yup, its not luck , i dont believe in it.

have a good grasp about support and resistance on 4hr and higher charts makes it easy to time your entries.

rest is all here on this thread. just be disciplined.



Quoting MoneyZilla
{quote} I know it is dangerous to post in here, cause David will likely block me... But I cannot stop thinking of Your results. It cannot be luck driven. Too many consecutive winners! 124. And 1 loser? That is not luck! That is a skill! And David's screenshots as well? Fantastic trading skills! I cant control myself. I have to post my amazement! Sorry! Just outstanding! Super timing! That has to be timing. Proper timing entries! FANTASTICO!...
Trend is your friend...
  • #13,899
  • Dec 17, 2017 2:13am Dec 17, 2017 2:13am
I agree Nisha4x, luck plays no part ... the harder I work the more "Fortunate" I become ... Excellent trading
  • #13,900
  • Dec 17, 2017 8:44am Dec 17, 2017 8:44am
GM guys
The more I am trading this system more I start seeing nuisances and frankly I can't improve it hence why nothing has been changed since I started it.

UJ beautiful bounce from S61 to the T

notice TDI flattening up before S61 despite of price dropping ...
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In trading, you have to be defensive and aggressive at the same time
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