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Pivot Trading

  • #15,021
  • Feb 1, 2018 10:59am Feb 1, 2018 10:59am
Quoting Opayq
FX option expiries for the 15.00 GMT EURUSD: 1.2200 (EUR 2.6bln) 1.2275 (610m) 1.2300 (590m) 1.2350 (700m) 1.2400 (2.7bln) 1.2425 (1.7bln) 1.2480 (680m) 1.2500 (1bln)
This was for today (Feb 1st) at 15:00 GMT ...

What is the significance of these values if it's past the cut?
  • #15,022
  • Feb 1, 2018 11:51am Feb 1, 2018 11:51am
Quoting nimtrader
{quote} by this method you shouldn't really be thinking of entering at all ATM entry by this method in it's most basic form involves entering in areas you can't see on your chart {image} on this chart it shows the R61 from where you'd sell (with convergence) and the S61-100 (buy) better check out page 1 or DRfoex's summaries in the clipboard not to mention your in the middle of a recent range it really could go either way hence the stress for the AUDUSD people with open trades
I just want to correct you. Main idea is entering in a trade 61-100 however there are pairs that range 38 to 38 in case of NU and others and I have repeatedly said I love range trading hence confirmed by PA getting in a trade at 38 is valid trade.
In trading, you have to be defensive and aggressive at the same time
  • #15,023
  • Feb 1, 2018 11:54am Feb 1, 2018 11:54am
Quoting Recruit
i am so disappointed that i didnt keep holding AU and closed that so soon, on BE and loss..
Quoting Recruit
Those levels are incredible. Just incredible! I am now in no trade, feel bit disappointed, like that opportunities are running away. But something inner of me is fighting against and says: Dont enter now.. {image}
Please watch Mark Douglas videos.Please understand firmly probability theory and concept of an Edge.Once you understand this clearly you won't fear taking a trade
cheers
In trading, you have to be defensive and aggressive at the same time
  • #15,024
  • Feb 1, 2018 11:57am Feb 1, 2018 11:57am
Not going to become a signal service here.Watch guys there are clear examples of system trades NOW!
In trading, you have to be defensive and aggressive at the same time
  • #15,025
  • Feb 1, 2018 1:08pm Feb 1, 2018 1:08pm
Initially started from R38 for a scalp till Pivot
eventually the trade turned up to be a EJ / RR-1:4, possibly will close without waiting TP being it just below R100
or might never get there _
This has really changed the way I trade
Davit
Attached Image (click to enlarge)
Click to Enlarge Name: EJ RR 1.4.jpg Size: 216 KB
The arriving better than the arrival, the journey has just started
  • #15,026
  • Feb 1, 2018 1:17pm Feb 1, 2018 1:17pm
Quoting Davit
{quote} {quote} Please watch Mark Douglas videos.Please understand firmly probability theory and concept of an Edge.Once you understand this clearly you won't fear taking a trade cheers
Exactly that's the whole point, nice one _
,,, I admit that I didn't fancy much M Douglas due to voices i heard In London etc ,,, but anyway
I would say this guy now is slowly becoming like my bible when it comes to trading foundations_

Davit hope you don't mind me adding this little transcript from his Seminar
for those who want to watch it on video it is here , i dont post the whole link
so you need to copy paste it into you tube and it will appear no worries ...
Start listening from min 17:00 till _____ up to you __ till the end be better

Here are those words that will shock any trader, once they hear them form Mark
You gonna have to learn to trade without fear and to trade without fear
you gonna have to think in terms of probabilities
We set aside and moving from thinking from a "trade-by-trade" mentality
to series of "prospective trades"
Any trading, methodology gives you a win loss ratio over a percentage of trades
so if i take same criteria in any mathematical formula or technical price patterns it means
my hedge (high probability) will give a high win rate over a series of trades ....
On a trade by trade basis i don't know yet which one loses and which one wins ... but
it is all based 0n percentages
Pros have learned that there is a random distribution between and wins losses
When you make this shift, everything about you know about trading will change !!
M Douglas

Mark Douglas - How to think like a professional trader (2 of 4)
youtube.com/watch?v=4GfQOyxpcZI (copy paste this link into your browser)
Attached Image (click to enlarge)
Click to Enlarge Name: M Douglas.jpg Size: 35 KB
The arriving better than the arrival, the journey has just started
  • #15,027
  • Feb 1, 2018 3:40pm Feb 1, 2018 3:40pm
Quoting Davit
{quote} I just want to correct you. Main idea is entering in a trade 61-100 however there are pairs that range 38 to 38 in case of NU and others and I have repeatedly said I love range trading hence confirmed by PA getting in a trade at 38 is valid trade.
eventually I will get my head around this
thankyou for your patience
I will get my head around this, but always can be wrong
  • #15,028
  • Feb 2, 2018 5:02am Feb 2, 2018 5:02am
Hello everyone and thank you for making your time available.
It's been a while since I've been trying this strategy and I would ask you if this is a good entry for you.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled5.jpg Size: 259 KB
Thanks in advance
  • #15,029
  • Feb 2, 2018 5:52am Feb 2, 2018 5:52am
Quoting totosapone
Hello everyone and thank you for making your time available. It's been a while since I've been trying this strategy and I would ask you if this is a good entry for you. {image}Thanks in advance
I am watching this one as well.

For me i'm looking at a possible reversal off of the retest of the last weeks previous highs + coming off last weeks R138 levels.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiH1.png Size: 96 KB
Trade with confidence, trade without fear.
  • #15,030
  • Feb 2, 2018 7:34am Feb 2, 2018 7:34am
very nice green numbers specially hourly earnings.
hard to be USD bear after this.Anticipating rest of the month USD to gain on all majors but specially on AUD NZD and CAD
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 8 KB
In trading, you have to be defensive and aggressive at the same time
  • #15,031
  • Feb 2, 2018 7:37am Feb 2, 2018 7:37am
Quoting jenbols
{quote} Exactly that's the whole point, nice one _ ,,, I admit that I didn't fancy much M Douglas due to voices i heard In London etc ,,, but anyway I would say this guy now is slowly becoming like my bible when it comes to trading foundations_ Davit hope you don't mind me adding this little transcript from his Seminar for those who want to watch it on video it is here , i dont post the whole link so you need to copy paste it into you tube and it will appear no worries ... Start listening from min 17:00 till _____ up to you __ till the end be better...
Nice post there and Jenbols you are doing great job here!
In trading, you have to be defensive and aggressive at the same time
  • #15,032
  • Feb 2, 2018 7:54am Feb 2, 2018 7:54am
Still have all my shorts running AU NU EU long UC nothing on UJ but do have EJ shorts from the top
In trading, you have to be defensive and aggressive at the same time
  • #15,033
  • Feb 2, 2018 7:58am Feb 2, 2018 7:58am
EA
nice correction here waiting
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #15,034
  • Feb 2, 2018 8:15am Feb 2, 2018 8:15am
Quick scalp as an Aperitive _ sorry couldn't resist that
and waiting if situation changes for EurJpy ChfJpy
missed the NzdUsd and AudUsd but never mind ,, fear of missing out and jumping into trade could lead to mistakes too _
About EJ CJ they got past the R100 so according to rules on page 1 ,, a strong trend is in place and i wait for better set up_
[[ Should price smash 100 S/R then you are in strong trend supported by fundamentals.]] Post 1
I did lose just a few pips yesterday on CJ as i saw the rejection at R100 and Angleator turning down on the 30 min chart ,, but never mind will wait
Attached Image (click to enlarge)
Click to Enlarge Name: Nfp times.jpg Size: 1,009 KB
The arriving better than the arrival, the journey has just started
  • #15,035
  • Feb 2, 2018 1:07pm Feb 2, 2018 1:07pm
GU key fib number rejected
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #15,036
  • Feb 2, 2018 1:12pm Feb 2, 2018 1:12pm
I am surprised no one else posted what happened after the Wages/Nfp ?

AU, SL previously moved to near above S61, but i guess time to pack up and close all
AC trade taken from below Pivot, SL moved three times as trade progressed (few pips above S38/S61/S78) / S100 is now pierced
i don't feel to hold a position over the weekend_

This was one of the best day and most profitable week since i joined this thread
and almost since i started Forex last year. After reading most of the thread and John's pdf as a recap
i was sure to trade this, and i have never used a Demo to trade this strategy
Davit / Mark Douglas / Scott Carney's principles have the power to change the way we relate with currency pairs_

Btw I was thinking that there was only fear when I lose trades, but there is also a slight fear when i'm doing well
because of the emotions involved when i am gonna take the next trades... but i guess that is part of our pathetic mind_

Happy weekends to all
Attached Image (click to enlarge)
Click to Enlarge Name: AU - AC.jpg Size: 325 KB
The arriving better than the arrival, the journey has just started
  • #15,037
  • Feb 2, 2018 1:17pm Feb 2, 2018 1:17pm
Quoting jenbols
I am surprised no one else posted what happened after the Wages/Nfp ? AU, SL previously moved to near above S61, but i guess time to pack up and close all AC trade taken from below Pivot, SL moved three times as trade progressed (few pips above S38/S61/S78) / S100 is now pierced i don't feel to hold a position over the weekend_ This was one of the best day and most profitable week since i joined this thread and almost since i started Forex last year. After reading most of the thread and John's pdf as a recap i was sure to trade this, and i have...
Excellent results Jen
keep it up.
In trading, you have to be defensive and aggressive at the same time
  • #15,038
  • Feb 2, 2018 1:26pm Feb 2, 2018 1:26pm
Quoting Davit
{quote} Excellent results Jen keep it up.
Thank you Master D.
Eheh you gave us some more food for the thoughts today ... that GbpUsd i looked at it
from the H4 chart, and missed to look at it from the Wkly one / Take care
The arriving better than the arrival, the journey has just started
  • #15,039
  • Feb 2, 2018 2:55pm Feb 2, 2018 2:55pm
Crude dropping and causing Cad SELL OFF
In trading, you have to be defensive and aggressive at the same time
  • #15,040
  • Feb 2, 2018 5:11pm Feb 2, 2018 5:11pm
Quoting Davit
I think USD will start rebounding since markets usually start pricing in the event before the date. Fed to take a step toward a March interest-rate hike https://www.forexfactory.com/news.php?do=news&id=733815 in my view USD is poised for serious corrections specially on UC AU NU. AU in particular has no business being in 80's this should drop to 76 where its true worth is.EU most might drop back to 2050 but not lower then 1.20 unless something dramatic changes politically in Euro zone. Anyway these are my thoughts and market will do what...
Master Trader
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