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Pivot Trading

  • #16,241
  • Mar 20, 2018 11:53pm Mar 20, 2018 11:53pm
running EA south
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In trading, you have to be defensive and aggressive at the same time
  • #16,242
  • Mar 20, 2018 11:55pm Mar 20, 2018 11:55pm
Dble loaded up on AN love this pair

Not going to gloat or boast but its obvious I did my homework went over the calendar events had idea what to focus and hammered the trades.
Had I not done my homework I would not have ripped the pips I have and yet to collect.You got to be in sink with the market.
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In trading, you have to be defensive and aggressive at the same time
  • #16,243
  • Mar 20, 2018 11:57pm Mar 20, 2018 11:57pm
I looked at your temperatures over there last week...Too cold for me...Our winter will start in a couple of months.
Very little impresses me these days but your achievement/numbers is an inspiration to all.....Just wish all the new chums would read and listen more.
Young Ronald






Quoting Davit
{quote} thank you friend and here is a cold one funny I am drinking beer now cheers
Ronnie Renko
  • #16,244
  • Edited 8:57am Mar 21, 2018 12:02am | Edited 8:57am
Quoting Davit
Closed UC +352 done no more USD until after Feds if the right trade presents. {image}
Same here Davit, even fibs indicate possible further movement down.

EDIT: Later it reached marked 161.8 fib
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  • #16,245
  • Mar 21, 2018 12:09am Mar 21, 2018 12:09am
Quoting snail69
{quote} Same here Davit, even fibs indicate possible further movement down. {image}
UC didn't reach R61 and if FEds do raise rate might shoot as high as 1.33+ specially if policy hints further hikes this year.
I rather not be part of that spike but look for great opportunities after.This may not play out since nobody knows the future but I prefer to be out.
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In trading, you have to be defensive and aggressive at the same time
  • #16,246
  • Mar 21, 2018 12:59am Mar 21, 2018 12:59am
Guys keep an eye on AC to very possible bounce to 133 WP and another opportunity to hummer this and eventually push it below 100 where it belongs
love to see a bounce here and same on NC

for fib haters
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In trading, you have to be defensive and aggressive at the same time
  • #16,247
  • Mar 21, 2018 1:29am Mar 21, 2018 1:29am
Unfortunately a little early have I started to build positions in UC last week, I close them in profit before FOMC. I have waited for at least a week for the profit it was always in loss but Davit's system showed its professionalism. I need to learn a lot. Thanks Davit.
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  • #16,248
  • Edited 7:29am Mar 21, 2018 3:37am | Edited 7:29am
closed all my NC trades at around S61 : around +1000 pips.
Still in EC and looking to add to it. No point entering in EA but will keep a close eye on it.

I enjoy trading this system.
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"Letting losses run is the most serious mistake made by most investors."W.O
  • #16,249
  • Mar 21, 2018 5:15am Mar 21, 2018 5:15am
Quoting Davit
Dble loaded up on AN love this pair Not going to gloat or boast but its obvious I did my homework went over the calendar events had idea what to focus and hammered the trades. Had I not done my homework I would not have ripped the pips I have and yet to collect.You got to be in sink with the market. {image}
Very good !
Wich EA on chart?
THX
Find it The Best Entry Points
  • #16,250
  • Mar 21, 2018 5:34am Mar 21, 2018 5:34am
I wait GA weekly resistance ,and pivot 61-100 sell
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Find it The Best Entry Points
  • #16,251
  • Mar 21, 2018 6:03am Mar 21, 2018 6:03am
This is nice example of what I mean by market operators using news as justification/ excuse of their need to finish harmonic pattern and fill orders.
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  • #16,252
  • Mar 21, 2018 6:43am Mar 21, 2018 6:43am
Quoting vgyuszko
{quote} Very good ! Wich EA on chart? THX
EA that is between my ears
In trading, you have to be defensive and aggressive at the same time
  • #16,253
  • Mar 21, 2018 6:45am Mar 21, 2018 6:45am
good morning guys
Closed AN+507 with NZD rate decision today I may have another opertunity here.This may dive again below 700
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In trading, you have to be defensive and aggressive at the same time
  • #16,254
  • Edited 7:14am Mar 21, 2018 6:58am | Edited 7:14am
Quoting vgyuszko
I wait GA weekly resistance ,and pivot 61-100 sell {image} {image}
there is a step you are missing that is if PA agrees but obviously that part got ignored and now you have DD
don't be a schmuck read the 1st page carefully

Since you are a busy man let me post the 1st page for your convenience!


Here is how to trade pivots.
As price travels progressively away from weekly pivot it becomes more likely to go into correction.
61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone.
Should price smash 100 S/R then you are in strong trend supported by fundamentals.
Pivots can be traded both with the trend and against.I personally don't subscribe to typical bookish mentally that if previous H4 is bear then assumption should be another bear candle.This is very wrong way to look at the markets.Markets are in constant motion and within 1 H4 candle price can move opposite over 100pips against previous candle so its not about previous candles but where price is in relative to pivots.In simple terms Location is what is important.
I trade 15-30min charts however bigger works as well.
TDI is our friend.When price hit major pivots we wait for TDI to turn thus confirm the move. Sharp angles important when its almost horizontal PA is weak or consolidating thus avoid trading.PA is king always!

You really should not even be on G pairs with your skill level!

H1 Green H4 Green D green
5 15 30 sideways
TDI sharp up.Nothing on this chart says sell

I decided to remove you from here! Green journey somewhere else! "Traders" who can't even read the 1st page should not be here!
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In trading, you have to be defensive and aggressive at the same time
  • #16,255
  • Mar 21, 2018 7:20am Mar 21, 2018 7:20am
largest position here on EC
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In trading, you have to be defensive and aggressive at the same time
  • #16,256
  • Mar 21, 2018 7:22am Mar 21, 2018 7:22am
Quoting Davit
largest position here on EC 2.7 full lots {image}
Amazing Davit!
  • #16,257
  • Mar 21, 2018 7:25am Mar 21, 2018 7:25am
Quoting Davit
largest position here on EC {image}
Crude inventories in 120m
  • #16,258
  • Mar 21, 2018 7:26am Mar 21, 2018 7:26am
Quoting Recruit
{quote} Amazing Davit!
I made an error its not 2.7 lots but its big. Thank you and have other green trades running.This month may eclipse last month we'll see.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #16,259
  • Mar 21, 2018 7:39am Mar 21, 2018 7:39am
Hi Davit

I cannot thank you enough for this thread - your method is truly remarkable. I just changed your template to blue as I battle to see on the other colour and zoomed in slightly as I trade from my laptop mostly. You are an inspiration to me as I only trade on a part time basis when I have the time. I am an air traffic controller in South Africa by profession. Keep up the amazing work that you are doing.

Regards
Jacques
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  • #16,260
  • Mar 21, 2018 7:41am Mar 21, 2018 7:41am
Quoting Davit
largest position here on EC {image}
congratulations Davit. i ruined this because of my hedge yesterday. Now it's only on Breakeven lol. Always learning anyway.
"Letting losses run is the most serious mistake made by most investors."W.O
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