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Pivot Trading

  • #14,301
  • Dec 31, 2017 4:16pm Dec 31, 2017 4:16pm
Quoting Davit
I read constantly in general what traders post and sometimes take mental notes and sometimes I get that Really? I read often "price rejected 34EMA (insert any MA) then went down" No price did not notice 34EMA or any EMA.Market makers who have funds to push price are not placing their orders watching MA's Not happening in real world.The idea of price "rejected" by MA is absurd. Price just happened to hit that MA! Throw in 10 MA's chances are price will hit one of them but means nothing. To understand how price moves please watch MD video again on...
Hey Davit, thanks for sharing. Is there part 1, 2 and 4 also on Youtube? I tried to find it but couldn't...
Everyday 1K keeps the doctor away ;-)...
  • #14,302
  • Edited 4:57pm Dec 31, 2017 4:37pm | Edited 4:57pm
Quoting Bax80
{quote} Hey Davit, thanks for sharing. Is there part 1, 2 and 4 also on Youtube? I tried to find it but couldn't...
Use the thread search box .Here you go https://www.forexfactory.com/showthr...0#post10456450

Cheers
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Plan your trade and Trade your plan.
  • #14,303
  • Dec 31, 2017 11:55pm Dec 31, 2017 11:55pm
Quoting Bax80
{quote} Hey Davit, thanks for sharing. Is there part 1, 2 and 4 also on Youtube? I tried to find it but couldn't...

HERE IT IS :


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  • #14,304
  • Edited 1:50am Jan 1, 2018 12:23am | Edited 1:50am
Here are two more very valuable videos about Trading Psychology , by Rande Howell. , which have helped me personally a lot :

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  • #14,305
  • Jan 1, 2018 5:10am Jan 1, 2018 5:10am
Happy New Year!!

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Say something meaningful or Silence!!
  • #14,306
  • Edited Jan 2, 2018 7:18am Jan 1, 2018 8:53am | Edited Jan 2, 2018 7:18am
GM my fellow Pivot Traders - Happy New Year !

I have been putting together reference documents of what I thought were the most important Posts for my study and review of Davit's fantastic work. I thought I would share them with you all as well to help others quickly review some of the important highlights I found of Davit's Posts for a quick reference. Of course, it is not all inclusive and an excellent exercise you may all want to do personally as well to capture what you feel are most important to keep as your quick reference file(s):

Attached File(s)
File Type: pdf Davit’s Posts on his Pivot Trading thread-2016-04-27-to-2016-05-31-Pages-70.pdf   2.9 MB | 861 downloads


Attached File(s)
File Type: pdf Davit’s Posts on his Pivot Trading thread-2016-06-Pages-51.pdf   2.1 MB | 650 downloads


Attached File(s)
File Type: pdf Davit’s Posts on his Pivot Trading thread-2016-07-Pages-73.pdf   2.6 MB | 734 downloads



Wishing you all a very successful trading and a healthy new year !
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #14,307
  • Jan 1, 2018 8:56am Jan 1, 2018 8:56am
Quoting DrForexMD
GM my fellow Pivot Traders - Happy New Year ! I have been putting together reference documents of what I thought were the most important Posts for my study and review of Davit's fantastic work. I thought I would share them with you all as well to help others quickly review some of the important highlights I found of Davit's Posts for a quick reference. Of course, it is not all inclusive and an excellent exercise you may all want to do personally yourself as well to capture what you personally feel are most important to keep as your personal quick...
Wow John Thank you and happy New Year!
In trading, you have to be defensive and aggressive at the same time
  • #14,308
  • Jan 1, 2018 9:18am Jan 1, 2018 9:18am
My Weekly analyses of calandar

Tues-Manufacturing PMI GBP
Weds-Construction PMI GBP
Green numbers here will have solid impact on G pairs specially on EG and this can dive 50+pips south
I am slightly leaning on green numbers here

Would I sell the Pound prior to this number release? No.There you go decision made simply by looking up on Calander

Weds

ISM Manufacturing PMI USD
FOMC Meeting Minutes-If this gives a hint for future 2018 hikes expect USD corrections to follow.I think very likely this scenario may play out since we had tremendous sell off USD last week.

Thurs-Services PMI GBP
Earlier data might compound on this one.Should Tues Weds GBP data come out green and service green then very likely EG drop below 88 even 8750
Thurs
ADP Non-Farm Employment Change
Green projection can set the stage for friday
Trade Balance AUD negative here can compound correction specially on AU and 7750 or lower possible

Friday
CPI Flash Estimate y/y Euro projection is slightly red and this may exhilarate USD correction EU 1920 by now possible
Note this are just my thoughts and market can prove anyone wrong.

Here is the big one why I hold big positions on UC longs and CJ Shorts
Employment Change CAD red projection
Unemployment Rate Red projection CAD
Trade Balance none mover in my opinion if above numbers come out red.

Non-Farm Employment Change USD
might surprise anyone here.I think it will be greener then forcasted.

This is my overall view for this week
USD corrections and commodity pairs losing some ground

By doing this I have an idea what to expect when I look at the charts.I know what to avoid.Not going to sell USD after tremendous last weeks sell off
Anticipating corrections to follow
In trading, you have to be defensive and aggressive at the same time
  • #14,309
  • Jan 1, 2018 9:26am Jan 1, 2018 9:26am
Quoting Davit
My Weekly analyses of calandar Tues-Manufacturing PMI GBP Weds-Construction PMI GBP Green numbers here will have solid impact on G pairs specially on EG and this can dive 50+pips south I am slightly leaning on green numbers here Would I sell the Pound prior to this number release? No.There you go decision made simply by looking up on Calander Weds ISM Manufacturing PMI USD FOMC Meeting Minutes-If this gives a hint for future 2018 hikes expect USD corrections to follow.I think very likely this scenario may play out since we had tremendous sell off...
Thanks Davit. Very educational.
  • #14,310
  • Jan 1, 2018 9:32am Jan 1, 2018 9:32am
Quoting DrForexMD
GM my fellow Pivot Traders - Happy New Year ! I have been putting together reference documents of what I thought were the most important Posts for my study and review of Davit's fantastic work. I thought I would share them with you all as well to help others quickly review some of the important highlights I found of Davit's Posts for a quick reference. Of course, it is not all inclusive and an excellent exercise you may all want to do personally yourself as well to capture what you personally feel are most important to keep as your personal quick...
Thanks! This is super helpful!
  • #14,311
  • Jan 1, 2018 9:33am Jan 1, 2018 9:33am
Quoting Opayq
Backtest USDCHF H4 Dec 26 2017. https://goo.gl/8SQBwG "When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business." Brett Steenbarger, Ph.D.
Thank you for posting.Its mesmerizing watching it.
Best of 2018!
In trading, you have to be defensive and aggressive at the same time
  • #14,312
  • Jan 1, 2018 9:39am Jan 1, 2018 9:39am
Quoting classy
Happy New Year!! {image}
thank you same to you and everyone here
Lets make pile of cash! 2018!
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In trading, you have to be defensive and aggressive at the same time
  • #14,313
  • Jan 1, 2018 10:08am Jan 1, 2018 10:08am
don't get sucked in by threads like this
https://www.forexfactory.com/showthr...=638231&page=5

lost 60% of 10k account in 1day. This is not trading this is going to casino
Trading huge lots disproportionate to account size.

In my opinion number 1 reason traders lose in this business is position size.
In trading, you have to be defensive and aggressive at the same time
  • #14,314
  • Jan 1, 2018 11:01am Jan 1, 2018 11:01am
Quoting pgr45za
{quote} Very interesting. I agree that we are recovering from a serious financial crisis (it's been 10 years and we're still talking about it). Which fundamental variable would you choose to look at (if not core CPI and wage pressures), job growth? Thanks in advance.
Sorry for the late response I have a 6 year old daughter and I hosted a massive kid party at my house while all of the other parents went out to celebrate. The glory of being 50 years old is that I don't have any desire to be out on New Years.

To answer your question, I don't really have any favorite fundamental variable and a lot of my decisions depend on whether I'm trading intraday looking for 30-50 pips or if I'm trading longer term looking for 300-500 pips. Like Davit, I do my weekly analysis but I also have my "spidey senses" tuned into the overall longer term sentiment. I try to imagine what the dynamic traders (traders that have the ability to move markets) are thinking.

As an example, last week I built a substantial UCAD long position. I may be wrong, but I would surmise that a dynamic trader would be looking for longer terms trades that yield 500 pips, not 50 pips. So if you had a massive bankroll and were considering the UCAD pair and you were looking for a trade that might yield 500 pips, would you be a buyer or a seller?

Anyways, not to get off topic as this is a thread about pivot trading and once I get a rant going, it could go on for several pages

Wishing everyone a safe, healthy and prosperous 2018.

"Together we stand, divided we fall" -Pink Floyd
Pride always comes before destruction.... -Proverbs 16:18
  • #14,315
  • Edited Jan 2, 2018 7:19am Jan 1, 2018 6:29pm | Edited Jan 2, 2018 7:19am
[quote=DrForexMD;10631606]GM my fellow Pivot Traders - Happy New Year ! I have been putting together reference documents of what I thought were the most important Posts for my study and review of Davit's fantastic work. I thought I would share them with you all as well to help others quickly review some of the important highlights I found of Davit's Posts for a quick reference. Of course, it is not all inclusive and an excellent exercise you may all want to do personally as well to capture what you feel are most important to keep as your quick reference./quote]

Here is August 2016 highlights here on Pivot Trading for a quick review reference:

Attached File(s)
File Type: pdf Davit’s Posts on his Pivot Trading thread-2016-08-Pages-83.pdf   3.1 MB | 702 downloads


More to follow until UTD !

Cheers!
-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #14,316
  • Jan 2, 2018 8:00am Jan 2, 2018 8:00am
Quoting DrForexMD
GM my fellow Pivot Traders - Happy New Year ! I have been putting together reference documents of what I thought were the most important Posts for my study and review of Davit's fantastic work. I thought I would share them with you all as well to help others quickly review some of the important highlights I found of Davit's Posts for a quick reference. Of course, it is not all inclusive and an excellent exercise you may all want to do personally as well to capture what you feel are most important to keep as your quick reference file(s): {image}...
Thank you for sharing these. I have been reading the through the entire forum and pulling out the good stuff into a word doc, Yours is greatly appreciated!
  • #14,317
  • Jan 2, 2018 8:07am Jan 2, 2018 8:07am
Quoting Davit
don't get sucked in by threads like this https://www.forexfactory.com/showthr...=638231&page=5 lost 60% of 10k account in 1day. This is not trading this is going to casino Trading huge lots disproportionate to account size. In my opinion number 1 reason traders lose in this business is position size.
That's one of the key things that I picked up on reading your thread, and have since reduced my ps, TU...
  • #14,318
  • Jan 2, 2018 8:29am Jan 2, 2018 8:29am
Starting 2018 with nice batch in green
This has huge potential so not in a rush to cash out

2018 opened with market makers pushing weak USD bulls in capitulation.When you get 70% retail short on EU its given...taking stops separating you from your cash....then turn around take weak Euro bulls out which I am waiting for
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In trading, you have to be defensive and aggressive at the same time
  • #14,319
  • Jan 2, 2018 8:35am Jan 2, 2018 8:35am
Quoting Expo33
{quote} Sorry for the late response I have a 6 year old daughter and I hosted a massive kid party at my house while all of the other parents went out to celebrate. The glory of being 50 years old is that I don't have any desire to be out on New Years. To answer your question, I don't really have any favorite fundamental variable and a lot of my decisions depend on whether I'm trading intraday looking for 30-50 pips or if I'm trading longer term looking for 300-500 pips. Like Davit, I do my weekly analysis but I also have my "spidey senses" tuned...
Hey You, don't help them to bury the light. Don't give in, without a fight! Good trading this year.
If you are good at something, never do it for free--Joker
  • #14,320
  • Jan 2, 2018 8:41am Jan 2, 2018 8:41am
Watch EG on short side.
In trading, you have to be defensive and aggressive at the same time
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