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Pivot Trading

  • #14,081
  • Dec 22, 2017 2:39pm Dec 22, 2017 2:39pm
Quoting Davit
{quote} Location of price. Example UJ its been ranging since 2016.Pull up a chart and look at the weekly.Lets say you are in red now but your shorts at these levels more likely then not to drop again lower Trump polices range factors ext.No reason to take the loss becouse you are in top of the range perhaps not extreme top but nevertheless high. This is kind of DD I am willing to hold. Now loss trade example you were shorting AN at 600 then price went 700 then 800 no real retracement then 900 now you are obviously against the trend and fundamentals...
Very instructive. And that is my Christmas present from you (and others' too).
Thanks!
  • #14,082
  • Edited 3:16pm Dec 22, 2017 2:58pm | Edited 3:16pm
Quoting willycalma
136 pips with this one... thanks Davit. Merry Christmas everyone... {image}
You welcome
Just so you know your EJ longs are not part of this system!I would never buy anything at 78R
I have army of haters assume everyone posts here trade my system fully.Not the case.You are clearly not following my system rules.
You are top of the range basically tail end late comer of the wave which you missed.Had you bought EJ at S78 S61 S38 that would of been a different story.
happy holidays.Don't take personally I just want people to be clear.Worst thing can happen that you actually succeed making little money doing what You did but that hard wires bad trading habits and next time will smash your face on the pavement hard that will leave deep scars.

This system is about the EDGE if you can't follow it please don't post here.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #14,083
  • Dec 22, 2017 3:25pm Dec 22, 2017 3:25pm
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...
@pgra45za the above post is the sentiments thingy you were asking about, look at the AUD call, so on point. Many thanks Davit, we will appreciate more of this in 2018 . Thanks for making a difference. Green pips and Merry xmas!!!! 2018 here i come
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #14,084
  • Dec 22, 2017 4:32pm Dec 22, 2017 4:32pm
Quoting Davit
One of my haters keeps belittling me by saying I trade for peanuts.If that's the best they have against me I'll take it since in 1 week I made more then my weekly wages at my regular job and its 65% of my mortgage. This kind of elitist attitude is oxymoron considering average retail FX account is 2-5k and mine is above average and I build it up from humble beginnings.
account size is irrelevant. percentages tells the truth and yours system speaks loudly! Thank you Davit and Merry Christmas!
pbnjm"The worst lie you can ever tell is the one you tell yourself"
  • #14,085
  • Dec 22, 2017 5:23pm Dec 22, 2017 5:23pm
Quoting jmn5611
{quote} The trouble is Davit is that as long as you are here at FF posting a free profitable system, it is bad for confessed vendors as well as stealth vendors. Keep it up brother. You are helping people all over the world change their lives.
'stealth vendors' ...... mega hilarious jmn5611 was laugh'n so hard ......
  • #14,086
  • Dec 22, 2017 5:49pm Dec 22, 2017 5:49pm
Quoting Davit
{quote} Mistake I made today.I knew in my gut this would of dropped lot more and still got out.... Yes I make them mistakes as well. Little dismayed at myself result of typical news that had no substance {image}
D bro .... u r 2 hard on ur self bro .... here is my mistake for NU ..... normal setup .... all signs there 4 good setup .... pull'd trigger ..... superb entry .... PA moves 30pips in favor ..... then retrace back to R38 ..... wat do i do ..... sit & wait ..... no i get shaken out like noob ..... cant stop cry'n all week about it

.... dont worry be happy ...... have a mega cool Christmas all
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  • #14,087
  • Dec 22, 2017 9:52pm Dec 22, 2017 9:52pm
Quoting Davit
Guys this has been incredible year.My confidence is way up my account is way up and looking forward to apply knowledge gained from all this trading. Trading to me is like drawing more you do it easier it becomes until you stop thinking and you just draw. Wish you happy holidays and Merry Christmas $$Looking forward to next year!$$ {image}
Thank You and many blessings to you and your family, Cheers!!
  • #14,088
  • Dec 22, 2017 10:18pm Dec 22, 2017 10:18pm
An article on another fx site worth sharing here very relevant to this strategy.

Speculating in the financial markets is about putting money at risk with the expectation that for that risk, we will be compensated commensurately. If that’s the case, doesn’t it make sense that we would only take trades that offer the lowest risk, highest probability (no guarantees), and highest profit potential? To do that however, we need a strategy that produces profits on a consistent basis, the self-discipline the execute that strategy and the focus to achieve our goals. Ask yourself if you have any of these when you trade; because if you don’t, you’re most likely taking high risk, low probability and small profit trades, and who wants to do that?
Trend is your friend...
  • #14,089
  • Dec 23, 2017 2:33am Dec 23, 2017 2:33am
Quoting griffinssoul
{quote} D bro .... u r 2 hard on ur self bro .... here is my mistake for NU ..... normal setup .... all signs there 4 good setup .... pull'd trigger ..... superb entry .... PA moves 30pips in favor ..... then retrace back to R38 ..... wat do i do ..... sit & wait ..... no i get shaken out like noob ..... cant stop cry'n all week about it .... dont worry be happy ...... have a mega cool Christmas all ...
Thank you for sharing yours.

I have been doing some research and credence of this system on higher tfs for about 9 months now and I have a finding to share, hopefully in the spirit of the season you will be interested in taking up the challenge for the benefit of those interested in this thread.

I observed that the same principle of Davit Pivots used on weekly can be applied profitably to quarters, what i did was that i manually calculate the Davit fibs at the end of every quarter and manually plot these on my charts, it has been very helpful in anticipating turning points during the quarter and anticipate future price direction. Please see below chart illustrating the idea. My request to you is to see if you can kindly include a quarterly option under Swaptf in the Davits Pivot indicator. I believe this will benefit all here. Thank you

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D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #14,090
  • Dec 23, 2017 5:51am Dec 23, 2017 5:51am
Quoting lordgbengs
{quote} Thank you for sharing yours. I have been doing some research and credence of this system on higher tfs for about 9 months now and I have a finding to share, hopefully in the spirit of the season you will be interested in taking up the challenge for the benefit of those interested in this thread. I observed that the same principle of Davit Pivots used on weekly can be applied profitably to quarters, what i did was that i manually calculate the Davit fibs at the end of every quarter and manually plot these on my charts, it has been very helpful...
I don't see the utility ... but, just because it's Christmas, I've programmed it for you.
Attached Image (click to enlarge)
Click to Enlarge Name: Sase.png Size: 18 KB
Attached File(s)
File Type: ex4 #Q4.ex4   16 KB | 371 downloads
File Type: ex4 #Q3.ex4   17 KB | 320 downloads
File Type: ex4 #Q2.ex4   17 KB | 340 downloads
File Type: ex4 #Q1.ex4   17 KB | 340 downloads
  • #14,091
  • Dec 23, 2017 6:41am Dec 23, 2017 6:41am
Quoting pgr45za
{quote} I don't see the utility ... but, just because it's Christmas, I've programmed it for you. {image} {file} {file} {file} {file}
Many thanks pgr45a, I didnt know you could program . I ran the indicator but got a few concerns, Q3 figures is meant to project Q4 pivot levels i.e Q3 OHLC should form the fib levels for Q4. Thank you

Merry Xmas once again.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #14,092
  • Dec 23, 2017 7:42am Dec 23, 2017 7:42am
Quoting lordgbengs
{quote} Many thanks pgr45a, I didnt know you could program . I ran the indicator but got a few concerns, Q3 figures is meant to project Q4 pivot levels i.e Q3 OHLC should form the fib levels for Q4. Thank you Merry Xmas once again.
It is correct. In Q4 you look at the lines drawn in the Q3 (because that quarter has closed already). Q4 lines will be relevant for you in Q1 of 2018. Hope this helps.
  • #14,093
  • Dec 23, 2017 8:41am Dec 23, 2017 8:41am
Quoting pgr45za
{quote} It is correct. In Q4 you look at the lines drawn in the Q3 (because that quarter has closed already). Q4 lines will be relevant for you in Q1 of 2018. Hope this helps.
Thank you pgr45za, please can you program to ensure that the Q3 lines project in Q4 and not in Q3, Q4 project in Q1, Q1 project in Q2 and Q3 project in Q4. Thank you
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #14,094
  • Dec 23, 2017 11:03am Dec 23, 2017 11:03am
This one was very beautiful. Just look left.
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  • #14,095
  • Dec 23, 2017 1:20pm Dec 23, 2017 1:20pm
Quoting pgr45za
{quote} I don't see the utility ... but, just because it's Christmas, I've programmed it for you. {image} {file} {file} {file} {file}
Thanks !!! This is just fantastic. It would be better if there were quarterly R1 to 5 and quarterly S1 to 5 along with the midpivots. were some controls like thickness and color of the pivots.
Thanks !
  • #14,096
  • Dec 23, 2017 5:44pm Dec 23, 2017 5:44pm
Quoting Styngray
{quote} Thanks !!! This is just fantastic. It would be better if there were quarterly R1 to 5 and quarterly S1 to 5 along with the midpivots. were some controls like thickness and color of the pivots. Thanks !
And here you are. Seven pivots (user-definable) with colors to change as well.
Lordgbengs, it is now as you requested.

This indi was based on nicholishen's plotQ1.mq4 and then modified by me, pgr45za.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 #QPP.ex4   38 KB | 406 downloads
  • #14,097
  • Dec 23, 2017 6:21pm Dec 23, 2017 6:21pm
Quoting pgr45za
{quote} And here you are. Seven pivots (user-definable) with colors to change as well. Lordgbengs, it is now as you requested. This indi was based on nicholishen's plotQ1.mq4 and then modified by me, pgr45za. {file} {image}
Thank you Pedro, grateful.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #14,098
  • Dec 23, 2017 7:01pm Dec 23, 2017 7:01pm
Quoting lordgbengs
{quote} Thank you Pedro, grateful.
It's just a modest contribution to the wonderful community FF is, and a special recognition to Davit's thread, with whom I have learnt a lot.
  • #14,099
  • Dec 23, 2017 10:21pm Dec 23, 2017 10:21pm
Merry Christmas everyone, I hope you are all looking forward to the break.
I'm very grateful to pgr for this QP, suits me since I can really only look at charts daily without disrupting too much family/work life.
After rejection of QR4 on the daily, I am looking for a retest of 5460 area to short to QR2 support around 5180 on the daily and weekly.

Have a great week guys, all the best from Australia
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Click to Enlarge Name: EURAUDWeekly.png Size: 53 KB
Come with me if you want to live....
  • #14,100
  • Dec 23, 2017 10:37pm Dec 23, 2017 10:37pm
Quoting pgr45za
{quote} And here you are. Seven pivots (user-definable) with colors to change as well. Lordgbengs, it is now as you requested. This indi was based on nicholishen's plotQ1.mq4 and then modified by me, pgr45za. {file} {image}
Thank you for such dedication. When does it display the next quarters pivots? Dec 31 after 5 pm? or Jan 1 of 2018?
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