Pivot Trading | Page 814 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

  • #16,261
  • Edited 8:09am Mar 21, 2018 7:43am | Edited 8:09am
Quoting diepienaars
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 {image}
Hi Jacques welcome
good start and hopefully this does not stress you since your job is already stressful.good luck
In trading, you have to be defensive and aggressive at the same time
  • #16,262
  • Mar 21, 2018 7:44am Mar 21, 2018 7:44am
Quoting liamseden
{quote} congratulations Davit. i ruined this because of my hedge yesterday. Now it's only on Breakeven lol. Always learning anyway.
That's fine after Feds we may see great opportunities for new badges of trades.Always another bus coming!
In trading, you have to be defensive and aggressive at the same time
  • #16,263
  • Mar 21, 2018 7:45am Mar 21, 2018 7:45am
Quoting Davit
{quote} 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...
That guy did not even bother to go back three pages! We just talked about page one!
If you are good at something, never do it for free--Joker
  • #16,264
  • Mar 21, 2018 7:45am Mar 21, 2018 7:45am
Quoting Davit
{quote} Hi Diepienaars welcome good start and hopefully this does not stress you since your job is already stressful.good luck
Hi Davit

You started EC shorts 2 weeks ago?

Thanks
  • #16,265
  • Mar 21, 2018 7:50am Mar 21, 2018 7:50am
Quoting pgr45za
{quote} Hi Davit You started EC shorts 2 weeks ago? Thanks
13th earliest not 2 weeks. I was holding it to drop but PA decided to go north and as my trading plan it did not hit my stop loss so I let it be.Just waited and added some more.At the time when I shorted PA was bearish but MM decided otherwise and it happens.
In trading, you have to be defensive and aggressive at the same time
  • #16,266
  • Mar 21, 2018 7:54am Mar 21, 2018 7:54am
Quoting jmn5611
{quote} That guy did not even bother to go back three pages! We just talked about page one!
This is getting exhausting and I am seriously thinking of less participation from my side since its getting way too time consuming monitoring all the traders.
Thank you Jim you are a good friend
In trading, you have to be defensive and aggressive at the same time
  • #16,267
  • Mar 21, 2018 7:56am Mar 21, 2018 7:56am
After GBP rate decision G pairs may decline sharply since most of whatever is priced in.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 11 KB
In trading, you have to be defensive and aggressive at the same time
  • #16,268
  • Mar 21, 2018 8:10am Mar 21, 2018 8:10am
Quoting Davit
{quote} 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
EA is testing my patience now. Today after Feds i expect a lot of opportunities to get in.
  • #16,269
  • Mar 21, 2018 8:14am Mar 21, 2018 8:14am
Quoting Recruit
{quote} EA is testing my patience now. Today after Feds i expect a lot of opportunities to get in.
watch NU carefully its pretty overextended.When there is carnage there is opertunity.
In trading, you have to be defensive and aggressive at the same time
  • #16,270
  • Mar 21, 2018 8:15am Mar 21, 2018 8:15am
Not having a great day today. Basically late entries & early exits (rookie mistakes ). Flat out for now. Will now wait until after NZD decision for better entries..
Be the change that you want to change
  • #16,271
  • Mar 21, 2018 8:53am Mar 21, 2018 8:53am
Quoting Davit
{quote} This is getting exhausting and I am seriously thinking of less participation from my side since its getting way too time consuming monitoring all the traders. Thank you Jim you are a good friend
If I were you, I'd just remove them without even explaining.
The only way to learn is to READ, THINK and PRACTISE.
  • #16,272
  • Mar 21, 2018 8:58am Mar 21, 2018 8:58am
Quoting davit
largest position here on ec {image}
holy crap davit!!!! Hahaha!!! You are awesome!!!
  • #16,273
  • Mar 21, 2018 9:13am Mar 21, 2018 9:13am
Quoting Davit
{quote} This is getting exhausting and I am seriously thinking of less participation from my side since its getting way too time consuming monitoring all the traders. Thank you Jim you are a good friend

Is there no way of delegating some moderator permissions to someone you trust? More hands make light work.

Ben
  • #16,274
  • Mar 21, 2018 9:21am Mar 21, 2018 9:21am
Hi all..
I have been read and explore this thread for several times, and I have some questions to ask.
Why there is no SL and TP setted for this trading system?
If there is, what is the risk reward ratio then, profit bigger than loss or vice versa ?

Thank,
Regards.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #16,275
  • Mar 21, 2018 9:27am Mar 21, 2018 9:27am
Quoting Shakka
Hi all.. I have been read and explore this thread for several times, and I have some questions to ask. Why there is no SL and TP setted for this trading system? If there is, what is the risk reward ratio then, profit bigger than loss or vice versa ? Thank, Regards.
No offence but you obviously have not explored the thread that well. If you started with the first post (always a good place to start) then you would see the following written by Davit:

STOP LOSS
1 Decide how much each swing is worth example $500
2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance
3. This allows averaging in orders as seen fit irregardless if previous orders are in red
4. Orders are placed as long as reason for trade is still valid
5. If conditions change loss is taken since orders are not placed all at once this allows smaller loss
Swings
Each Swing investment $500 (example yours could be anything)
Swing is taken as loss once -$500 is reached
There are no exceptions.No running red beyond $500
Orders broken down into mini lots that satisfies each swing consist of 10-15 trades
My budget for this is 2-3% of account risk say $500 for example.I then enter trades on mini lots and as long as my 500 is not consumed on DD and I am still confident of my trade I stay on it.I may choose to get out early but most times my SL is predetermined.This allows me to cast a wider net. So my 10mini lots can cover 50pip distance hence capture better RR
There is advantage to trade this way.Should PA go against you and you no longer like the trade you can get out by fraction of lot invested hence your loss is minimal instead of traditional 1 trade 1lot per trade when if wrong loss is substantially higher.
Numbers posted are for examples only


Also there is a search function on the thread so use that with maybe the terms Stop Loss & Take Profit???
  • #16,276
  • Mar 21, 2018 9:30am Mar 21, 2018 9:30am
Quoting Shakka
Hi all.. I have been read and explore this thread for several times, and I have some questions to ask. Why there is no SL and TP setted for this trading system? If there is, what is the risk reward ratio then, profit bigger than loss or vice versa ? Thank, Regards.
Search the thread.
This has been answered more than 10x before.
  • #16,277
  • Mar 21, 2018 9:51am Mar 21, 2018 9:51am
Just shorted EA, nice setup but still careful as there is still confirmation to be done here.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_533.png Size: 44 KB
"Letting losses run is the most serious mistake made by most investors."W.O
  • #16,278
  • Mar 21, 2018 10:04am Mar 21, 2018 10:04am
Thanks for all the info in here Davit,

Great thread and much info learned here about pivots. Still practicing on demo and taking only few good trades on my real account. After two years of learning and trying many different methods I turn to the most obvious one, which is PA. Pivots and TDI are giving more edge, however the main enemy is yourself and that's the one who I'm fighting with every day. In some time will do more input on this threat, but for now just reading and wanted to say thanks for all your work.
  • #16,279
  • Mar 21, 2018 10:17am Mar 21, 2018 10:17am
Today was the the best day since I started follow Davit's thread.

Closed total 2570 pips
AC 2029
AN 439
UC 285
EG -300 Next time will be better
....

Big thanks!
  • #16,280
  • Mar 21, 2018 10:33am Mar 21, 2018 10:33am
Great thread guys,
Just a general question, do we keep checking charts every 15 minutes or is it preferred to trade one pair at a time?

Thanks
Ran
7 traders viewing now