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Pivot Trading

  • #16,081
  • Mar 15, 2018 1:41am Mar 15, 2018 1:41am
Intresting read...
Canadian crude finds... new way to reach Emerging Asia...

https://www.bloomberg.com/news/artic...ntent=business
  • #16,082
  • Mar 15, 2018 2:16am Mar 15, 2018 2:16am
closed NU for modest gain +131
retail red numbers took the sail from USD...must adapt
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In trading, you have to be defensive and aggressive at the same time
  • #16,083
  • Mar 15, 2018 2:21am Mar 15, 2018 2:21am
Quoting Davit
{quote} Hi buddy If you got 16% in 4months then I think you are underachieving specially that I know what you capable of.Something is holding you back and only you know the answer. Cheers buddy
hey D you can scale how u want it for ur risk profile ..... i always trade by risk assessment first .... the risk can by measured many ways but i use simple DD ..... the method is maxDD bounce month-on-month this means u can only have one maxDD peak per month .... i measure the peaks using fractals (Bill Williams) to know if they are peaks (u can use 3 maxDD bars or more) ..... the idea is profit can accumulate but DD doesnt

3times .... would be 48% @ maxDD 7.8%
4times .... 64% @ maxDD 10.4%
8times .... 128% @ maxDD 20.8%
12times .... 192% @ maxDD 31.2%

i only consider profit% last .... almost like a byproduct of risk assessment
  • #16,084
  • Mar 15, 2018 2:21am Mar 15, 2018 2:21am
closed AU modest gain +100
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In trading, you have to be defensive and aggressive at the same time
  • #16,085
  • Mar 15, 2018 2:25am Mar 15, 2018 2:25am
Quoting griffinssoul
{quote} hey D you can scale how u want it for ur risk profile ..... i always trade by risk assessment first .... the risk can by measured many ways but i use simple DD ..... the method is maxDD bounce month-on-month this means u can only have one maxDD peak per month .... i measure the peaks using fractals (Bill Williams) to know if they are peaks (u can use 3 maxDD bars or more) ..... the idea is profit can accumulate but DD doesnt 3times .... would be 48% @ maxDD 7.8% 4times .... 64% @ maxDD 10.4% 8times .... 128% @ maxDD 20.8% 12times...
very thoughtful buddy.Do what works for you
In trading, you have to be defensive and aggressive at the same time
  • #16,086
  • Mar 15, 2018 2:31am Mar 15, 2018 2:31am
GU has been ranging , usd funda forecast is green tmr . .

candles are getting smaller ..
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CHECK MY TE !
  • #16,087
  • Mar 15, 2018 2:38am Mar 15, 2018 2:38am
EC H4 +50pips .... nice setup faded weakly off R61 got in when angleator turned .... ..... superb trade'n every1 ..... remember to keep at it good & bad times
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  • #16,088
  • Mar 15, 2018 2:56am Mar 15, 2018 2:56am
Quoting mubinirl
Starting to short NZD.. {image}
Nzd short didnt worked despite of red gdp figures.Ah sure, the hunt continues..
Be the change that you want to change
  • #16,089
  • Mar 15, 2018 3:49am Mar 15, 2018 3:49am
Eye on CADJPY, major structure to the left, looking for long opportunity.
  • #16,090
  • Mar 15, 2018 4:17am Mar 15, 2018 4:17am
gbp/usd nice drop
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  • #16,091
  • Mar 15, 2018 4:48am Mar 15, 2018 4:48am
Quoting Davit
closed AU modest gain +100 {image}
I closed some yesterday for daily quota and holding the rest, eyeing at least WP. Stress free trade, profit locked in, happens what happens.
  • #16,092
  • Mar 15, 2018 5:39am Mar 15, 2018 5:39am
Hi Davit,

What's your view on trading your template but with heiken ashi rather than normal candles? I've been finding HA helps to keep me out entering positions way too early which usually leads to DD. I'd like to share charts etc. but aware you like to run a tight ship.

Cheers,
Ben
  • #16,093
  • Mar 15, 2018 6:07am Mar 15, 2018 6:07am
Davit, I just closed AU trade. Would like to post chart on your template, but would like to add reasoning behind it (as it is pure math and nothing is random),
for others to learn, in form of some lines ( levels ) and comments, if you approve it.
  • #16,094
  • Edited 8:46am Mar 15, 2018 6:09am | Edited 8:46am
the example of good and bad decision :
AUD/USD, short after pinbar @ R78
actually 2 trades executed @R61 before pinbar
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EUR/AUD, long after sideway @S38, floating minus 25x5 pips yesterday.
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NZD/CHF, no need explanation, range trading ADR 100++
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EUR/GBP, bad decision, expecting price will reject at past support, and it was ADR 50 3-days ago .
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"Hope" is dangerous word in trading, trade what you see not what you hope!
  • #16,095
  • Mar 15, 2018 6:51am Mar 15, 2018 6:51am
Quoting Davit
closed AU modest gain +100 {image}
Im on it too.... but now the real challenge is to hold it till TP. Very eager to book the profit...
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  • #16,096
  • Mar 15, 2018 6:57am Mar 15, 2018 6:57am
Davit... how do you do it? you walk away... with keeping the TP, or you've secured enough courage to sit and watch it go to the TP? may be for me.. seems, it'll take some time...

NCAD 79 pips
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  • #16,097
  • Mar 15, 2018 7:01am Mar 15, 2018 7:01am
NC I closed at 80 pips...
but this one, Im gonna hold till TP... / SL. Will move the SL to BE
Davit... you are
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  • #16,098
  • Mar 15, 2018 7:07am Mar 15, 2018 7:07am
Quoting vinforex7
{quote} Im on it too.... but now the real challenge is to hold it till TP. Very eager to book the profit... {image}
Vin, you should OK. Pivot is exact 223.6 fib, ADR is now 43 and to average is about 20 pips and that is exact distance to WP.

Only problem might be , we are at exact 161.8 Fib...0.78440, 4 day ago DO level, but I would go for it.

PS: I closed earlier as I am trading more concentrated positions.
  • #16,099
  • Mar 15, 2018 7:24am Mar 15, 2018 7:24am
Quoting aimsttrader
GU has been ranging , usd funda forecast is green tmr . . candles are getting smaller .. {image} {image}
R161 is one of Davit's fav spot

After chf dusk is clear.. euraud looks like having strong mmtm to revisit pivot ..

acad : looks like selling continuation .

"Only sell audcad , don't buy it ." -Davit
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CHECK MY TE !
  • #16,100
  • Mar 15, 2018 7:38am Mar 15, 2018 7:38am
Quoting vinforex7
Davit... how do you do it? you walk away... with keeping the TP, or you've secured enough courage to sit and watch it go to the TP? may be for me.. seems, it'll take some time... NCAD 79 pips {image}
Hi,
Have a question about this trade.
If we look at H1 and H4 we will see a bullish trend that lasts for a long time.

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So , the question is, how did you know that the trend is coming to its end and correction starts?
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