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Pivot Trading

  • #13,901
  • Dec 17, 2017 8:45am Dec 17, 2017 8:45am
Quoting Davit
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 ... {image}
What nuisances do you see?
If you are good at something, never do it for free--Joker
  • #13,902
  • Dec 17, 2017 8:49am Dec 17, 2017 8:49am
Quoting nisha4x
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.
just a reminder you are on pivot trading where pivots play critical roll.Yes it does indicate advance reversal levels in very high probability rate.
In trading, you have to be defensive and aggressive at the same time
  • #13,903
  • Edited 9:24am Dec 17, 2017 8:57am | Edited 9:24am
Quoting jmn5611
{quote} What nuisances do you see?
Example I just posted which is inline with diversion post 13900 and looking at the same chart at anglator without any price and just tip of the TDI I can tell the move is exhausted for the Bull.Time to get out.
Only green h4 and lower TF either flat or red and daily red TDI pointing down. Enough signal to know north is low probability direction.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #13,904
  • Dec 17, 2017 9:08am Dec 17, 2017 9:08am
looking at this small part without price chart
same north low probability trade continuation

Not every bounce goes back to WP or higher.In a downtrend/uptrend we may have shorter bounces.
Crap pic from EC and looking at the chart we may have typical AB=CD next week
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 44 KB
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #13,905
  • Dec 17, 2017 9:22am Dec 17, 2017 9:22am
hi davit

i did not mean about the pivots used here, was just generalizing how people adding tons of indis and missing on the PA,



Quoting Davit
{quote} just a reminder you are on pivot trading where pivots play critical roll.Yes it does indicate advance reversal levels in very high probability rate.
Trend is your friend...
  • #13,906
  • Dec 17, 2017 9:22am Dec 17, 2017 9:22am
Quoting Davit
looking at this small part without price chart same north low probability trade continuation Not every bounce goes back to WP or higher.In a downtrend/uptrend we may have shorter bounces. Crap pic from EC and looking at the chart we may have typical AB=CD next week {image} {image}
Hello Davit!
Funny, I was working on this Chart, just posted.
seems to be a very high probability one.
  • #13,907
  • Dec 17, 2017 9:24am Dec 17, 2017 9:24am
Quoting nisha4x
hi davit i did not mean about the pivots used here, was just generalizing how people adding tons of indis and missing on the PA, {quote}
In trading, you have to be defensive and aggressive at the same time
  • #13,908
  • Dec 17, 2017 9:27am Dec 17, 2017 9:27am
Quoting VictorFaria
{quote} Hello Davit! Funny, I was working on this Chart, just posted. seems to be a very high probability one.
GM Victor
Specially in context of

"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."

MM could spike it if both print green this will go far on all CAD pairs perhaps less on UC but crosses more
In trading, you have to be defensive and aggressive at the same time
  • #13,909
  • Dec 17, 2017 9:33am Dec 17, 2017 9:33am
Quoting Davit
{quote} GM Victor Specially in context of "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." MM could spike it if both print green this will go far on all CAD pairs perhaps less on UC but crosses more
GM! Exactly, it's good to know that we have the same thoughts, CPI can be the trigger.
High correlated with U/C, but doing a deeply analysis, i cant see on U/C the same movement that can occur with E/C, so as you i will stay on the crosses
Have a nice Sunday!
  • #13,910
  • Dec 17, 2017 10:01am Dec 17, 2017 10:01am
pivots are some thing which works all the time in all the market conditions. Thank you for info
  • #13,911
  • Dec 17, 2017 10:47am Dec 17, 2017 10:47am
Quoting Davit
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...
Thank you Davit for the summary. On the AUD, I opine the AUD Mid-Year Economic and Fiscal Outlook due Monday 18th might give an indication on what to expect from the minutes (as I will expect projections from the Reserve Bank's minutes) and most likely set the tone for next year, I will be watching very closely.

Green pips
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #13,912
  • Dec 17, 2017 11:11am Dec 17, 2017 11:11am
Quoting Davit
{quote} GM Victor Specially in context of "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." MM could spike it if both print green this will go far on all CAD pairs perhaps less on UC but crosses more
Just a little stats, Dec m/m CPIs has always been negative in the last 3 years (2014,2015,2016) while Core Retail Sales m/m has been positive in Dec since 2012 save for 2015 when it was flat. My thinking is, we might see CAD strengthen into the news release then most likely weaken or consolidate after the news, we wait and see.

Green pips
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #13,913
  • Dec 17, 2017 9:19pm Dec 17, 2017 9:19pm
Quoting Davit
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...
BLDY ....NICE.................well explained
  • #13,914
  • Dec 18, 2017 12:22am Dec 18, 2017 12:22am
Merry Xmas and GOOD FORTUNE in 2018 Davit and pivoters
  • #13,915
  • Dec 18, 2017 1:30am Dec 18, 2017 1:30am
Is anybody aware of how to trail a stop loss from the losing side, kind of reverse to a regular use?
  • #13,916
  • Dec 18, 2017 2:04am Dec 18, 2017 2:04am
Hey Davit,

great job you doing. I was reading thrue your threat the last couple days and everything makes sence so far but where do you put your SL when you start getting in with 10 - 15 orders short for example?

Because on your chart examples I usually see only the orders but no SL and no TP. I guess for TP you look at the price action at the pivot zones.

What's your average RR on your trades?

Awesome results by the way! Love how you show people that it is possible to make consistent profit trading forex...
Everyday 1K keeps the doctor away ;-)...
  • #13,917
  • Dec 18, 2017 4:02am Dec 18, 2017 4:02am
Quoting Bax80
Hey Davit, great job you doing. I was reading thrue your threat the last couple days and everything makes sence so far but where do you put your SL when you start getting in with 10 - 15 orders short for example? Because on your chart examples I usually see only the orders but no SL and no TP. I guess for TP you look at the price action at the pivot zones. What's your average RR on your trades? Awesome results by the way! Love how you show people that it is possible to make consistent profit trading forex...

He doesnt put it anywhere, when it hits his SL target in cash ex. 500 he will close the trades manually. Simple as that
The only thing that will make us successful is if we can control ourselves!
  • #13,918
  • Dec 18, 2017 4:08am Dec 18, 2017 4:08am
THe SL is not in pips and not on chart. It's a Sl in money. When Money loss is equal to X% of account you exit the trade. X is your risk tolerance for that batch of trades. Tp is by looking at price action at pivots or near them.
  • #13,919
  • Dec 18, 2017 4:19am Dec 18, 2017 4:19am
Ok, I understand, but if you have a limit for a loss, for example 100$ then isn't it the same to just put in a 30 pip SL which is worth the 100 $?
What about a big overnight swing against you or some news which hit against you?

I find it a little hard to trade that way actually, for some it might work but I couldn't sleep trading without a set SL in my platform...
Everyday 1K keeps the doctor away ;-)...
  • #13,920
  • Edited 4:46am Dec 18, 2017 4:20am | Edited 4:46am
Quoting Bax80
Hey Davit, great job you doing. I was reading thrue your threat the last couple days and everything makes sence so far but where do you put your SL when you start getting in with 10 - 15 orders short for example? Because on your chart examples I usually see only the orders but no SL and no TP. I guess for TP you look at the price action at the pivot zones. What's your average RR on your trades? Awesome results by the way! Love how you show people that it is possible to make consistent profit trading forex...
(Post#470) SL
Q: I do have one question: how do you manage your SL when you're not at your desk? I know you don't have a total pip value, more of a personable 'acceptable' DD %. As a swing trader, I'm assuming you sometimes keep positions open overnight or for a few days. How do you manage your SL then?

Once again my SL is based on actual $$ not pip. As long as my batch of trades have not reached max DD in terms of $$ then I let it run. Let me give you concrete example. I was shorting UC from 129 and price went 31+ and I had over 200pip DD but in actual $$ it was only 20% of my intended lot to be traded on this pair. Then I Hummered rest from the swing top and made all DD back plus nice profit. I trade unorthodox style I learned over the years that 20-30pip SL is sucker move. It will get hit and you can be taken out even if direction is correct. I refined my style of trading that pivots allows best entries without huge DD.People who see the value of this thread will profit.

(Post#473) My SL is part of my trading entries. Should PA overrun my budget for that trade I take the loss manually. I often take earlier if I think fundamentals shifting. I work 70hrs a week and often can't be at my computer but twice a day morning and night I can hence plenty of opportunities to take the loss. Reason I can do this because I don't over trade. I trade mini lots. Hope you are clearer. I don't talk about this often because I rather people use SL they are comfortable with.

(Post#612) I answered this multiple times here and may save it for future reference. I don't use traditional hard stops. I trade totally different them most traders. I use real actual $$ for stops and not pips. Example I like to short NU 7120. My budget for this is 2-3% of account risk say $500 for example. I then enter trades on mini lots and as long as my 500 is not consumed on DD and I am still confident of my trade I stay on it. I may choose to get out early but most times my SL is predetermined. This allows me to cast a wider net. So my 10mini lots can cover 50pip distance hence capture better RR. There is advantage to trade this way. Should PA go against you and you no longer like the trade you can get out by fraction of lot invested hence your loss is minimal instead of traditional 1 trade 1lot per trade when if wrong loss is substantially higher.

(Post#753) STOP LOSS:
1 Decide how much each swing is worth example $500
2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance
3. This allows averaging in orders as seen fit irregardless if previous orders are in red
4. Orders are placed as long as reason for trade is still valid
5. If conditions change loss is taken since orders are not all placed all at once this allows smaller loss

Quoting Bax80
Ok, I understand, but if you have a limit for a loss, for example 100$ then isn't it the same to just put in a 30 pip SL which is worth the 100 $? What about a big overnight swing against you or some news which hit against you? I find it a little hard to trade that way actually, for some it might work but I couldn't sleep trading without a set SL in my platform...
read this post about how he always anticipate the news :
https://www.forexfactory.com/showthr...51#post9019351
https://www.forexfactory.com/showthr...65#post9037565
https://www.forexfactory.com/showthr...4#post10597404
"Hope" is dangerous word in trading, trade what you see not what you hope!
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