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Pivot Trading

  • #16,481
  • Mar 25, 2018 8:53am Mar 25, 2018 8:53am
Quoting Davit
https://www.youtube.com/watch?v=Fnpa...h5TTqI&index=2 J.S. Bach: Prelude in C Minor "pour le luth" BWV 999; David Tayler, archlute
very nice!
  • #16,482
  • Mar 25, 2018 9:11am Mar 25, 2018 9:11am
Quoting Alex1055
E/G-possible reversal , strong Daily support {image}
Hi Alex
my sincere apology and I reinstated your subscription here and continue to trade.
Please add anglator to your charts.
In trading, you have to be defensive and aggressive at the same time
  • #16,483
  • Mar 25, 2018 9:16am Mar 25, 2018 9:16am
Quoting sonseeker
{quote} very nice!
That piece to me is very much like pivot trading.Its repetitive going octave higher lower but structure of the theme same just like this system.
Lot of things in arts I find relative to trading.
In trading, you have to be defensive and aggressive at the same time
  • #16,484
  • Mar 25, 2018 9:25am Mar 25, 2018 9:25am
Quoting Davit
Hi guys thanks for your support and lets have very green end of the month week! 1st tone of the canvas market sentiment. Trump tariff threat on China rocked the markets last week.Judging his administration comprise after threat of tariffs exemptions were made on Mexico, Canada,EU Argentina, Australia, Brazil and South Korea its very likely Trump will tone down the rhetoric and instead of 25% duty tax on Chinese goods scale down to modest level. We are going into relatively uneventful week and in my view overbought GBP, Euro and the Yen are poised...
Thanks for your analogy Davit, your insight is very beneficial to me. I always review news events before I start trading. I'm learning more from you of the relevant meaning of and correlation of news in maintaining the edge. Appreciate you
  • #16,485
  • Mar 25, 2018 9:54am Mar 25, 2018 9:54am
I love Richard Diebenkorn works. Very inspiring to me.Tell me if it does not look like pivots.... his Ocean Park series...
Inserted Video

at 2min mark reporter says he sat hours!!! contemplating at canvas without even picking up a brush!Sounds familiar? how long you waited until you pressed buy or sell? Trading is an ART
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In trading, you have to be defensive and aggressive at the same time
  • #16,486
  • Edited 8:16pm Mar 25, 2018 10:20am | Edited 8:16pm
drawing of my son by me
and some collages and paintings from my earlier works.
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Attached Images
In trading, you have to be defensive and aggressive at the same time
  • #16,487
  • Mar 25, 2018 2:28pm Mar 25, 2018 2:28pm
I've been in the shadows....following and working with your wonderful technique and information. Thank you! I just had to tell you how much I love the pieces of work you posted. I especially love the last one!
  • #16,488
  • Mar 25, 2018 3:31pm Mar 25, 2018 3:31pm
Quoting Davit
{quote} Hi Alex my sincere apology and I reinstated your subscription here and continue to trade. Please add anglator to your charts.
HHHHUU,Thanks Davit,I was a little scary(not little,big).I just want to represent, Basic, technical charts,because its a beginning ,a new weekend(battle field,...battle charts)
Good luck all!!!
p.s. Tdi anglegator I have in other charts,dont worry,thanks
  • #16,489
  • Mar 25, 2018 4:19pm Mar 25, 2018 4:19pm
Quoting Alex1055
{quote} HHHHUU,Thanks Davit,I was a little scary(not little,big).I just want to represent, Basic, technical charts,because its a beginning ,a new weekend(battle field,...battle charts) Good luck all!!! p.s. Tdi anglegator I have in other charts,dont worry,thanks
The point of using the template is so we are all on the same page. We are all learning from the examples, posting your own version adds nothing.
Trade with confidence, trade without fear.
  • #16,490
  • Mar 25, 2018 6:21pm Mar 25, 2018 6:21pm
My impression with this thread is that it has more to do with reading fundamentals (getting in sync with the mind of the market) than it does just with pivots. Pivots are "just" the signposts.

Having looked at this week's calendar, along with a reading of the news to gain a grip of where sentiment is headed I conclude:

1. EUR expected to strengthen a bit on Monday with hawk Weidman.
2. USD expected to outperform all week as confidence and GDP expected to improve from last print. Also, as Mnuchin said on Fox News Sunday that negotiation with China is going well that 60 bn USD in tariffs was just to get them to the table.
3. GBP expected to weaken from Wed onwards if trade balance worsens (needs a weaker currency to rebalance).
4. Although there are almost no news on commodity currencies (CAD GDP numbers on Thu will surprise to the upside, I believe), AUD, NZD and CAD are all expected to recover.

Of course, in line with "anything can happen" theme, we must be like bamboo ... flexible in the face of change.

Being the last week of the quarter, there is sometimes windowdressing. If that happens JPY might strengthen against the USD. It all depends if sentiment on the trade war changes or not. On a positive note, JP Morgan sees the stock market rout as temporary (earnings season is upon us and 15%+ earnings are expected -- the world economy is growing but trade wars are a risk). Also, IBD noted that the put/call ratio is at 1.15, a level that signals a rebound of stocks to the upside. If that happens UJ should rise, imo.
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  • #16,491
  • Mar 25, 2018 8:19pm Mar 25, 2018 8:19pm
Quoting StarChild10
I've been in the shadows....following and working with your wonderful technique and information. Thank you! I just had to tell you how much I love the pieces of work you posted. I especially love the last one!
Thanks StarChild
Its a work I did about 8yrs ego mixed collage and painting.My passion is still painting and why I like to be financially independent to this full time.
thanks for checking out
In trading, you have to be defensive and aggressive at the same time
  • #16,492
  • Edited 9:49pm Mar 25, 2018 8:20pm | Edited 9:49pm
I got a PM from abokwaik
He wrote a script about lot size calculation.If interested below the link
https://www.forexfactory.com/showthr...6#post10906516
In trading, you have to be defensive and aggressive at the same time
  • #16,493
  • Mar 25, 2018 8:49pm Mar 25, 2018 8:49pm
Quoting Davit
drawing of my son by me and some collages and paintings from my earlier works. {image} {image} {image} {image}
Can turn it into Wall Vinyl Decals. I cant draw as good as you guys but i know Illustartor well.
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  • #16,494
  • Edited 9:22pm Mar 25, 2018 8:55pm | Edited 9:22pm
according to current PA across all pairs NZD is on everyone screen right now.
Watching AN, clear downtrend. I would wait for ether Sell at 61 or Buy below 78. Only one NZD catalyst i see on Tuesday is Business confidence, Can easily be continuation of trend. Since Aud in down strike right now.
Still holding EG, not sure what to expect since its new pair for me.
EU, i though it will continue down but market obviously have different plans. Watching 61 first for potential sell.
  • #16,495
  • Mar 26, 2018 3:15am Mar 26, 2018 3:15am
If anyone needs a quick pip value calculator in MT4 to work out their lot sizes, here's one I put together a few years ago. Will calculate the pip value in your MT4 deposit currency. Hopefully will help anyone that is struggling with breaking up their lot sizes to follow Davit's lot sizing rules.
Attached File(s)
File Type: ex4 PipValueCalculatorV1.02.ex4   9 KB | 494 downloads
File Type: mq4 PipValueCalculatorV1.02.mq4   5 KB | 570 downloads
  • #16,496
  • Mar 26, 2018 3:42am Mar 26, 2018 3:42am
Fwiw, whenever anyone gives me a heads up regarding a successful trading thread, or a successful trader on trading forums, who’s sharing his technique and methods, for the love of the game and fellow man, my bullshit antennae generally twitch and my eyes roll as I think; “not again”...

However, after close on 20 years of viewing charlatans, whoppers and con artists, trying to suck people in and get them to privately subscribe, it would appear finally, we have the genuine article here in Davit, who may even restore the flagging faith some of us jaundiced and cynical characters have, in relation to those putting themselves forward as master traders on forums.

I’ve been a ‘pivot point trader’ for many years, my technique differs slightly (well quite dramatically in someways) but that’s irrelevant. Chapeau! to you Davit, I’m not going to contribute on the thread for several reasons, but I wish you and your thread followers the best of trading conditions and prevailing luck (which we all need to some degree).
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #16,497
  • Mar 26, 2018 4:47am Mar 26, 2018 4:47am
How about this EU? Coming close to R61, good to making positions shorts i think, tuesday data from US and can push it down end of week..

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  • #16,498
  • Mar 26, 2018 5:03am Mar 26, 2018 5:03am
Quoting zegarek1989
How about this EU? Coming close to R61, good to making positions shorts i think, tuesday data from US and can push it down end of week.. {image}
On all TF is UP. Why would you want to sell here? There is no signal to short.
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  • #16,499
  • Edited 7:23am Mar 26, 2018 5:06am | Edited 7:23am
I don't want to sell it right now, if PA will confirm on that level..

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  • #16,500
  • Mar 26, 2018 6:27am Mar 26, 2018 6:27am
Adding to AUDNZD longs:

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