Pivot Trading

closed AJ missed the earlier spike was sleeping
+434 still happy with it

Hey Ronny thanks for liking her.She is natural both in soul and singing.
She is singing in my native language Armenian and each phrase in the song is pure poetry. Its a love song

Hi friend
Trading is tough and I stress and overstress that trade small.Allow room to be wrong and if necessary get out.
I closed my CAD positions in red and moved on(remaining red ends but bulk of the positions were green).I have 40k account and I am yet to trade full lot.that is $10dollars a pip.Still does not prevent me making good money.Cut 25% positions and wait to see how PA goes.Often it goes your way when you are max stretched.
Good luck

Thank you Davit for your mentorship.

Short EG great spot
89 has been real resistance on this pair and basically its been ranging. I have been getting in at this on these levels and getting out at mid 87or lower for months.So far failed to break below 87
Range is good trading! Learn to spot and milk it.I love range

another range situation on EA
please watch CNTrader's video on this.He is a pro trader making his daily bread from trading and someone I respect highly.
https://www.forexfactory.com/showthr...31393&page=159
You guys should watch all his videos.Learn how professionals think.

When trading range ALWAYS trade towards most likely break out example EA is south.One direction south so if it breaks out you are good to go if not still made money.Don't trade both ways often does not work.

Testing low support on UJ

Update XRPUSD Yearly Davit Pivot.

DollarYen I see it as a little beast hard do control... so unpredictable
Good i didn't assume few days ago that it would go up fast due to positive Us data
but the fact is that perhaps this current UJ position shows investor's fear
of US and seeking security in safe haven JPY and Bonds
Also Kuroda being reappointed as BOJ governor is making Jpy solid, with the addition of Trump proposing shutdown again_
UJ is the only pair i have not being able to make more than 30points, on swing here and there _
Can't complain as The Pivots have helped immensely on almost all pairs ..

This week Tip Reminder from Davit i want print it again for all of us to meditate on it
<Its not so much understanding specific shapes but understanding market moves in waves (Elliot Wave theory).My pivot system 61-100 often corresponds to key harmonic reversal patterns. Its just easier to trade pivots.As you already know my pivots are fib projections which are harmonic in nature> Post 15,212

Happy weekend to all, my trading week ends here, done enough my heart needs some relief

Didnt want to put on trades for a weekend, but spotted nice opportunities, which i couldnt leave behind. I slowly recognize myself trading this system, i would say automatically almost. Since trading small volumes, fear is almost gone. Which is totally different in comparison with my last 2y experience. UJ and EG loaded, EA in sight.

I want to thank you Davit for a great mentorship here, your advices. Still i feel i am on the beginning, have to learn a lot about harmonics and even more practise on patience.

Nice weekend guys and see you next week.

Thanks Davit, I get so tied up in shit, I forget where I am going. I thank you for the heads up! I get so confused and end up with a trade that is a loser, it brings me down. I thank you for giving me another option, before I drop into a depression about my losers!

Hi Davit & Pivot'ers,

- Bullish Bat , ABCD , EW completed on daily TF. Price rejected on strong support area( since apr 2017 - S78).
- PA OB & divergences at lower TF .
- next week will be good for buying xJPY pairs .

Hi friend
I am sorry you are having challenging times with trading and it is challenging by nature.I don't know the losers you took perhaps you can post examples like bought UC at 26.60 or sold EU at 21 should be sufficient info.

We should forgive ourselves for mistakes.This is a must.Learn from them and move on.Don't beat yourself.
below from Ruben Philosophy from clipboard

Chapter 24
FORGIVENESS
One of the biggest problems I see with traders is that they refuse to forgive themselves for trading mistakes. This causes a much bigger problem than most people realize. You see, when you make a trading mistake, you need to forgive yourself for making that mistake.
But the thing is many people do not forgive themselves for their mistakes. In fact, they do quite the opposite. They beat themselves up and continually picture what they did wrong in vivid detail. This is the very worst thing you can do after making a mistake, trading or otherwise.
Forgiveness is a key concept in Psycho-Cybernetics. As we’ve just learned about how our subconscious works, we know that if we continually picture in vivid detail something, it causes that picture to come true for us. Or it at least makes it much more likely for it to come true. So it only makes sense that if we make a mistake, we must forget that mistake and forgive ourselves completely. If, on the other hand, we don’t forgive ourselves and relive the mistake in our minds again and again, what do you think is going to happen?
It’s obvious that we will repeat the mistake. This happens because our subconscious does not care whether we give it good or bad information, it simply sees the clear pictures we give it and tries to act it out in our lives. Obviously, it can only act this picture out if it’s within our capabilities. And I think we all know that making trading mistakes is quite within our capabilities.
This is the reason it is so important to forgive ourselves when we make a mistake or an error. If we don’t, we are likely to relive the mistake in our minds and then most likely project it onto our trading. This will cause big problems.
If you think back, I’m sure can you think of times where you made mistakes and beat yourself up for it. Not forgiving yourself, no matter what the mistake, will bring out the worst emotions. Remorse, regret, self-doubt, and guilt all come with not forgiving ourselves for a past mistake.
You’ve heard it all before. I’m sure you’ve been told to forget a past losing trade and move on to the next one. Emotions are used correctly and appropriately when it applies to something in the present time. Since we cannot live in the past, we can’t appropriately react emotionally to the past.
As Dr. Maltz says, “The past can be simply written off, closed, forgotten, insofar as our emotional reactions are concerned. We do not need to take an emotional position one way or the other regarding detours that might have taken us off course in the past. The important thing is our present direction and our present goal. We need to recognize our own errors as mistakes.

Otherwise, we could not correct our course and steering or guidance would be impossible. But it is futile and fatal to hate or condemn ourselves for our mistakes.”
One of the biggest reasons people get into losing streaks while trading is because they confuse their losing trades with themselves. In other words, we conclude that because we had a losing trade or a series of losing trades, we are a losing trader.
But the important thing to remember here is we are not our losing trades. Losing trades are part of trading. There isn’t a single trader in the world who doesn’t have losing trades. The only way to avoid them is not to trade in the first place. You cannot be a successful trader until you take mistakes and losing trades for what they really are. They are simply by-products in the trading game and need to be used to gain learning and understanding. But in no way do they define us as a person.
But that is where the big problem comes in. Many people let their losing trades and mistakes define them. If they’re having trouble and have had a series of losing trades, they start to think of themselves as a loser. They continually think of themselves in that way. As we know from before, this kind of thinking will just bring on more of the same.
Forgiving yourself completely is the only way to avoid this trouble. You are not your mistakes and losing trades. You must put the past behind you and go forward. Holding a grudge against yourself only hurts yourself. Forgive yourself, it’s the only way to be successful.

I set TP on AJ 8520 then went to work but I think this is probability a mistake I anticipate Yen weakening next week and AJ has a chance reaching above 8550
Most likely if TP does not hit I will move it higher.
US govern shut down plus Kuroda reappointment news was enough for serious spike down however these factors are "consumed" and looking for corrections on the Yen

I had a great week in 7days of trading I made more then my entire month's pay at my regular job.This is motivating me as I like to trade full time which is my goal

Hi Recruit
You are doing a good job.Keep it up and focus on pivots and PA harmonics are just background knowledge but not essential to trade my system.
regards

Davit, from the bottom of my <3 I wish you all the best. May you transition to full time trading this year.

Bullish ALT BAT, EW completed
H&S, ABCD, small EW(wave 4 in development) in progress

this confuses me
your last post agreed with my thinking
this one shows the opposite
is it your just covering both bases?
is your current postion a buy or a sell (totally absent in chart)??
sorry but I realise I'm slowly getting my head around this and that chart to me just....
or perhaps I have even more reading to do and understand
ps WTF are the boxes in yellow leading to historical support
pps Japan has a bank holiday tomorrow (so what is your point to the post)
eventually I will get my head around this
thankyou for your patience

Nimtrader,

i see here on AJ and last snipers post on UJ same situation.We are almost in strong support zone(guessing he marks zone with yellow boxes). Both charts,bullish patterns completed.
Corrections on Yen awaited.
For me, it was buy signal on friday, where i am involved already.

that is the way i see it
in his screen shot he shows an ABCD to go way further south
and the yellow boxes!!!!
his position (that is in profit) is not shown
I can see the S&H
but to me that is one confused post
hence why I asked the questions
ps confused by that chart