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Pivot Trading

  • #16,801
  • Apr 2, 2018 6:28am Apr 2, 2018 6:28am
[quote=Davit;10612858]{quote} Thank you Bergax I have been offered several times in PM's to manage other people's money and I don't think I am ready yet.Stress of being responsible for others money is something I am not ready to tackle. Could be a possibility in the future but not now. Happy holidays![/quo
Thanks David for all.........
  • #16,802
  • Apr 2, 2018 7:15am Apr 2, 2018 7:15am
I modified a programmer to give the alerts, at the key levels. Now it works well.
With just saying thank you, it's ok.
Enjoy it.
Attached File(s)
File Type: ex4 Pivot_Voty-2 ALERT.ex4   71 KB | 1,106 downloads
  • #16,803
  • Apr 2, 2018 8:02am Apr 2, 2018 8:02am
Quoting fibo38
I modified a programmer to give the alerts, at the key levels. Now it works well. With just saying thank you, it's ok. Enjoy it. {file}
Gracias David!
  • #16,804
  • Apr 2, 2018 8:04am Apr 2, 2018 8:04am
Quoting fibo38
I modified a programmer to give the alerts, at the key levels. Now it works well. With just saying thank you, it's ok. Enjoy it. {file}
interesting. can you explain more about "at the key levels" ?
I still learn this method, but to be honest I still have no idea where and when is the exact time to entry. from TDI it's already clear (wait until cross-over), but from the candle and key level, I have no idea.

can someone help me to explain?

thanks
  • #16,805
  • Apr 2, 2018 8:17am Apr 2, 2018 8:17am
Quoting akangaziz
{quote} interesting. can you explain more about "at the key levels" ? I still learn this method, but to be honest I still have no idea where and when is the exact time to entry. from TDI it's already clear (wait until cross-over), but from the candle and key level, I have no idea. can someone help me to explain? thanks
It is all very clearly explained if you read and search the thread. If you do not do this you will be removed. Ask good questions.
If you are good at something, never do it for free--Joker
  • #16,806
  • Apr 2, 2018 8:18am Apr 2, 2018 8:18am
Quoting akangaziz
{quote} interesting. can you explain more about "at the key levels" ? I still learn this method, but to be honest I still have no idea where and when is the exact time to entry. from TDI it's already clear (wait until cross-over), but from the candle and key level, I have no idea. can someone help me to explain? thanks
All of your answers are in the thread. I recommend that you put some effort into this thread if you're serious about trading Davits Pivots. I have not yet traded this method yet because I have only been reading the thread for about 4 days or so (2-3 hrs/day)........ I am on post 3360 and I have about 7 pages of notes. I know what he is talking about, because Davit goes over them A LOT throughout thread. You obviously are too lazy to put the appropriate amount of time and effort into learning this strategy so there is no reason for someone to spoon feed you information when you are most likely going to be on a different thread asking these same silly questions by tomorrow. Do the leg work and start from page one and you'll get all the answers you need.....ON YOUR OWN! You won't have to worry though......once Davit comes back you will most likely be booted anyway. Good Luck trading.
  • #16,807
  • Apr 2, 2018 8:19am Apr 2, 2018 8:19am
Quoting ray6761
Hai Good Day Everyone, I found a great thread here, Thanks Davit. I' am a new in forex. Kindly help me how to get the TMS Angleator working & TDI, i had reinstall and download back but seem not happened well. Thank you {image}
Use the search word that you are having trouble with. This has been addressed. Regards.
If you are good at something, never do it for free--Joker
  • #16,808
  • Apr 2, 2018 8:20am Apr 2, 2018 8:20am
Quoting akangaziz
{quote} interesting. can you explain more about "at the key levels" ? I still learn this method, but to be honest I still have no idea where and when is the exact time to entry. from TDI it's already clear (wait until cross-over), but from the candle and key level, I have no idea. can someone help me to explain? thanks
read the subject please, I will understand. the key levels are 38-61-78-100
  • #16,809
  • Apr 2, 2018 10:45am Apr 2, 2018 10:45am
Quoting fibo38
I modified a programmer to give the alerts, at the key levels. Now it works well. With just saying thank you, it's ok. Enjoy it. {file}
Awesome job thanc you fibo
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  • #16,810
  • Apr 2, 2018 10:50am Apr 2, 2018 10:50am
Quoting Davit
{quote} Its a mix bag.Thread could easily become a signal service zoo and have 80+people lurking coping trades and not contributing and relying on few guys to take the load.That's not what this thread is about its about giving you the tools to recognize the trades yourself as well. I do share potential set ups and that's I think how it should be. Another aspect is same with having live TE and posting live trades.It influences how you manage the trades.When 80 people are looking you very much likely to get out of profitable...
Taken from page 191 as a reminder for everybody else and especially myself who may have taken the time and effort diligently to master the beautiful art of trading provided by our generous artist like Sir Davit. Indeed we are so grateful to have a person like you Davit for you have taken your priceless time to share the insight of great art of trading. This is completely made lots of sense now. We too shouldn't temper the nature but rather create a healthy environment for traders who are willing to show their intention just like those who have taken the time and effort to find the rightest reason to identify every A++ setup of opportunity given by the uniqueness and every unique momentum provided by the extremely dynamic market!

Gk.
  • #16,811
  • Apr 2, 2018 11:21am Apr 2, 2018 11:21am
Quoting snail69
It's a bit tricky, when one masters trading strategy, money management, as M. Douglas pointed out, he/she might start sabotage self. Found this book that might help a bit with this problem. {image}
Shad is very good..
  • #16,812
  • Apr 2, 2018 11:35am Apr 2, 2018 11:35am
Quoting fibo38
I modified a programmer to give the alerts, at the key levels. Now it works well. With just saying thank you, it's ok. Enjoy it. {file}
Thank you very much Fibo, it's great tool for someone who is busy and can't monitor charts all the time. I'm setting up alert on my phone and than just check the charts when the signal comes.
  • #16,813
  • Apr 2, 2018 2:24pm Apr 2, 2018 2:24pm
Quoting akangaziz
{quote} interesting. can you explain more about "at the key levels" ? I still learn this method, but to be honest I still have no idea where and when is the exact time to entry. from TDI it's already clear (wait until cross-over), but from the candle and key level, I have no idea. can someone help me to explain? thanks
It's literally spelled out for you on page 1.

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Trade with confidence, trade without fear.
  • #16,814
  • Apr 2, 2018 3:01pm Apr 2, 2018 3:01pm
Quoting Cryptosurf
{quote} It's literally spelled out for you on page 1. {image}
Allso i will say you have to read the thread (like i do) and i have start to understand concept around page 70 after watching carfully charts and expalantions... Good chance for newbies (with 2 years experienxe at last) to read be silent and take some trades in my opinion newbies take trades around key resistance/support level WS/WR -78.... GOOD LUCK.
  • #16,815
  • Apr 2, 2018 3:13pm Apr 2, 2018 3:13pm
My 3 trades opened today (AUD/NZD is sleaping) i will take 1 trade per pair as soon as i master the system
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  • #16,816
  • Apr 2, 2018 6:17pm Apr 2, 2018 6:17pm
AN L is at a great entry point.

Weekly Fib retraced at 78.6, should move higher now.
Good PA on H4.

I'm in.
  • #16,817
  • Apr 2, 2018 7:48pm Apr 2, 2018 7:48pm
Quoting mizi123
{quote} Allso i will say you have to read the thread (like i do) and i have start to understand concept around page 70 after watching carfully charts and expalantions... Good chance for newbies (with 2 years experienxe at last) to read be silent and take some trades in my opinion newbies take trades around key resistance/support level WS/WR -78.... GOOD LUCK.
There's a synopsis of key points I posted here: https://www.forexfactory.com/showthr...1#post10335951

This system is mind numbing easy to make money with. As long as people follow it.
Trade with confidence, trade without fear.
  • #16,818
  • Apr 2, 2018 9:02pm Apr 2, 2018 9:02pm
Quoting Cryptosurf
{quote} There's a synopsis of key points I posted here: https://www.forexfactory.com/showthr...1#post10335951 This system is mind numbing easy to make money with. As long as people follow it.
Great Thread. SuPer Davit for sharing.

Price moves in waves look up Elliot Wave theory. Irregardless whether you trade EW or not price does not go straight up or down
Zone like R61, R71, R100, 0.786 is a vital Fibonacci number because it is often the last chance reversal area before retesting the original price point
Beginners EU, GU, AU, EJ, UJ, AJ
5years of experience all pair
Pivot trading is basically swing trading. We take profits from any swing irregardless of "trend"
What they think trend most often are swings in range market. 70% forex is in a range.

System is based upon simple observation that price hitting pivots away from weekly pivot will either break or retreat.
That's my set of variables and given years of observation I came to conclude that price breaking 61R or 61S is less likely than going towards next level and rejection increases incrementally
As price hits 78R/S and 100R/S. This is hard for people to get specially trend traders but simple fact is Elliot theory is real.
Nothing goes in straight line. My system is based upon exploiting and profiting from swings. It’s as simple as that.

Entries are in the R78-100 zone combined with a steep downward cross of the TDI.
This method is not about having sniper accuracy with your entry, it's about building a position using the zones as entry and exit targets

Wait for the price to hit an extreme level which should be a combination of overreached ADR and PA at a key reversal zone: 61~100. Note that if the market is ranging this could also happen at 38 level, where the price could range between S38 and R38


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 all placed all at once this allows smaller loss
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Self discipline It is a practice
  • #16,819
  • Apr 2, 2018 9:14pm Apr 2, 2018 9:14pm
3 hours until the RBA rate decision.
Looks like markets are all-in dovish on the event
RBA statement leaves little room to disappoint
  • #16,820
  • Apr 2, 2018 9:31pm Apr 2, 2018 9:31pm
Quoting nightpipper7
3 hours until the RBA rate decision. Looks like markets are all-in dovish on the event RBA statement leaves little room to disappoint
Probably a 95% chance that rates will remain on hold (like they have the last 17 times) so don't expect much of a blip.

On the incredibly slim chance they raise rates, AUD would go ballistic

Not a snowball's chance in hell that they will lower rates.

It actually doesn't make much difference to us everyday Aussies. The major banks began ignoring the RBA years ago and raise their rates no matter what the RBA does.
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