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Pivot Trading

  • #16,101
  • Mar 15, 2018 7:39am Mar 15, 2018 7:39am
Quoting snail69
{quote} 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.
Snail... That's a really nice way to look at it, the ADR. I closed it out earlier though... but certainly a really meaningful way to check the ADR.
Thanks man...
  • #16,102
  • Mar 15, 2018 7:55am Mar 15, 2018 7:55am
Hi Grifinsoul,

you are one of my favourite posters here apart from Davit. I am usually ok getting good intiial entries but I still struggle to add to a winning position. Any tips you can share would be really great.

Cheers

Jester
  • #16,103
  • Mar 15, 2018 8:48am Mar 15, 2018 8:48am
Quoting BroX
{quote} 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. {image}{image} So , the question is, how did you know that the trend is coming to its end and correction starts?
Hi Brox
1. The big yellow round : The BEOB formed at R100 in H1, which is an important pivot level. The price couldn't sustain that level.. and then went down.. and then again came up. I could have taken the trade there. Either I decided to wait, or I was not available to take it at that time.. dont' remember exactly.

2. The small yellow round: The H1 candle (pinbar /doji) ... couldn't reach to R100... so I thought, it might go for correction, so I entered.

I could have been wrong, but it doesn't matter. Now I have closed it and reentered at R78, Im in 14pips DD, it might correct.. or it might go up. As Davit has mentioned quite a few times, you need to find your edge on a series of trades, not in one trade.

Important other points:
1. If you could read atleast 100 initial pages, you'd be be able to know better... what I tried to tell you. And believe me, this does make sense.

2. When you post in this thread, please try to use Davit's template... out of sheer respect to the person, who has kept this thread intact for 800+ pages of valuable information for all of us.

Cheers...
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  • #16,104
  • Mar 15, 2018 8:50am Mar 15, 2018 8:50am
Another kill..Was bit nerve wrecking when prices had stalled at pivot. Not a great entry..Lesson learnt again
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Be the change that you want to change
  • #16,105
  • Mar 15, 2018 8:50am Mar 15, 2018 8:50am
Worth to watch, CJ.

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  • #16,106
  • Edited 9:07am Mar 15, 2018 8:54am | Edited 9:07am
Quoting BroX
{quote} 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. {image}{image} So , the question is, how did you know that the trend is coming to its end and correction starts?
Thanks for your question without even reading the thread or posting with pivots on chart.
I am sure you will find another thread to troll
removed
In trading, you have to be defensive and aggressive at the same time
  • #16,107
  • Mar 15, 2018 8:56am Mar 15, 2018 8:56am
Quoting esk1mooo
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
Hi Ben do what you need to do privately but when posting don't post with HC
In trading, you have to be defensive and aggressive at the same time
  • #16,108
  • Mar 15, 2018 8:57am Mar 15, 2018 8:57am
Quoting vinforex7
{quote} Hi Brox 1. The big yellow round : The BEOB formed at R100 in H1, which is an important pivot level. The price couldn't sustain that level.. and then went down.. and then again came up. I could have taken the trade there. Either I decided to wait, or I was not available to take it at that time.. dont' remember exactly. 2. The small yellow round: The H1 candle (pinbar /doji) ... couldn't reach to R100... so I thought, it might go for correction, so I entered. I could have been wrong, but it doesn't matter. Now I have closed it and reentered...
it was nice of you to respond but next time don't waste energy on idiots and freeloaders
In trading, you have to be defensive and aggressive at the same time
  • #16,109
  • Mar 15, 2018 9:00am Mar 15, 2018 9:00am
Quoting snail69
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.
I am not against adding notes and explanations and I don't understand why you even ask.My problem is people using extra indicators or not even having pivots on chart in short disregarding what this thread is about
In trading, you have to be defensive and aggressive at the same time
  • #16,110
  • Mar 15, 2018 9:12am Mar 15, 2018 9:12am
CAD got sold off hard after Trump comments
Nothing else fundamentally wrong on CAD and OIl is going up.This should correct soon. Employment was positive as well.
https://www.forexfactory.com/news.ph...5#post10875722

Five fundamental truths:
1. Anything can happen.
2. You don’t need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that
define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening
over another.
5. Every moment in the market is unique.
– Mark Douglas
In trading, you have to be defensive and aggressive at the same time
  • #16,111
  • Mar 15, 2018 9:54am Mar 15, 2018 9:54am
Quoting mubinirl
Another kill..Was bit nerve wrecking when prices had stalled at pivot. Not a great entry..Lesson learnt again {image}
Closed all the shorts on NJ without much gain..price stalling too much around pivot
Be the change that you want to change
  • #16,112
  • Edited 11:44am Mar 15, 2018 9:59am | Edited 11:44am
EURGBP comming to hit TPsoon after two weeks of holding.
->update- closed 900+

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NZDUSD will hit TP soon.
update- closed 650+

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Now holding AC and NC shorts in minor red.


Cheers
  • #16,113
  • Edited 2:24pm Mar 15, 2018 11:55am | Edited 2:24pm
Trade updates:

Closed out of AU short +50
Long UJ
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Short GU - EDIT: closed +20
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Short NC
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  • #16,114
  • Mar 15, 2018 5:39pm Mar 15, 2018 5:39pm
Quick in & out on UJ and UCHF. On mobile so cant post pic and away so not comfortable holding on into the night. Must check post somebody here had posted how to create TDI for mobile..
Be the change that you want to change
  • #16,115
  • Mar 15, 2018 6:09pm Mar 15, 2018 6:09pm
Its funny I had my calendar events and had my trading plan and should of stuck with it...but I screwed up by closing NU and AU way too early.
I lost my confidence on Retail sales data but should of seen bigger picture Feds rates which is being priced in now.
Yes I make mistakes as well
In trading, you have to be defensive and aggressive at the same time
  • #16,116
  • Mar 15, 2018 6:13pm Mar 15, 2018 6:13pm
We got triple bottom on AN very strong level look left but this could drop below 700 also could go north continuing ranging
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #16,117
  • Mar 15, 2018 6:17pm Mar 15, 2018 6:17pm
Quoting Recruit
EURGBP comming to hit TPsoon after two weeks of holding. ->update- closed 900+ {image} NZDUSD will hit TP soon. update- closed 650+ {image} Now holding AC and NC shorts in minor red. Cheers
David very nice trading inspiring
In trading, you have to be defensive and aggressive at the same time
  • #16,118
  • Mar 15, 2018 8:39pm Mar 15, 2018 8:39pm
This is my first time to post here although I have been reading this thread since it was started. Thanks Davit for sharing this system that certainly generates high probability winning trades. I tested this system on demo yesterday and it resulted to 1100 pips win on AU.....pls see attached chart:
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  • #16,119
  • Mar 15, 2018 8:41pm Mar 15, 2018 8:41pm
AUDCAD giving its love...

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Trade with confidence, trade without fear.
  • #16,120
  • Mar 15, 2018 8:51pm Mar 15, 2018 8:51pm
surfing this north chart I posted not long ego
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In trading, you have to be defensive and aggressive at the same time
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