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Pivot Trading

  • #16,861
  • Apr 3, 2018 4:07pm Apr 3, 2018 4:07pm
EURNZD longs:


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  • #16,862
  • Apr 3, 2018 4:18pm Apr 3, 2018 4:18pm
Quoting mizi123
{quote} Thanc you friend but these sentence on 1st post mean alot to me: 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.
You also have to take that in agreement of market fundamentals. This after spending much time in this thread and seeing how Davit reacts to these levels. Just because it is approaching a higher level doesn't always mean you should take the trade blindly. There should be PA confirmation of a reversal.
Trade with confidence, trade without fear.
  • #16,863
  • Apr 3, 2018 4:26pm Apr 3, 2018 4:26pm
i see some charts, there are people opening trades blindly at the 38 zone (even Davit only uses it for small profits/scalping), in this thread we rarely trade the 38 zone, most of the trades are made when it moves to key zones like 61 and 78, there is when you find an edge (Page 1 of the thread ).



+ KEEP AN EYE ON Price Action, don't open trades blindly when you have 2 previous green candles and all angelator arrows are green, you will get rekt.
+ Don't forget risk management,have an exit plan, always.

Good luck to everyone
"Letting losses run is the most serious mistake made by most investors."W.O
  • #16,864
  • Apr 3, 2018 6:37pm Apr 3, 2018 6:37pm
AJ
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Think before you trade!
  • #16,865
  • Apr 3, 2018 8:00pm Apr 3, 2018 8:00pm
Quoting Cryptosurf
Second bite of the apple after last weeks breakdown. {image}
@Cryptosurf: may I know which indicator you used to list a table of all pairs and timeframe ? Is that the way how you switch to another pair in same windows ?

Thank you
  • #16,866
  • Apr 3, 2018 8:35pm Apr 3, 2018 8:35pm
Quoting snail69
{quote} Well I could, however, only if Davit approves it. It is his thread...
I can respect that. TY. I wouldn't think he would mind since it doesn't take away from anything nor is it distracting. Thanks for the reply.
  • #16,867
  • Apr 3, 2018 9:10pm Apr 3, 2018 9:10pm
Quoting r0ckvn
{quote} @Cryptosurf: may I know which indicator you used to list a table of all pairs and timeframe ? Is that the way how you switch to another pair in same windows ? Thank you
Symbol Changer can be found here: https://www.forexfactory.com/showthread.php?t=703669
Trade with confidence, trade without fear.
  • #16,868
  • Apr 3, 2018 9:14pm Apr 3, 2018 9:14pm
Quoting Cryptosurf
{quote} Agreed, last week's inside bar and this weeks failure makes me a bit nervous to look for a long. It might have a decent swing back up but overall condition looks bearish. {image}
with you on this one. To me it looks like trend change. i will wait for few days to confirm and then go for Sell at best retrace point.

Long on AC.
UC can change direction around 100. Buy limit there.
  • #16,869
  • Apr 3, 2018 9:14pm Apr 3, 2018 9:14pm
Quoting snail69
{quote} Well I could, however, only if Davit approves it. It is his thread...
Trade management indi's like these are acceptable. Their purpose are at your own discretion.

The main three indi's utilized here are fib pivots, ADR and TDI.
Trade with confidence, trade without fear.
  • #16,870
  • Apr 3, 2018 9:15pm Apr 3, 2018 9:15pm
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 for the alerts. Was able to shift over to UC for a practice trade. Would not have seen without this. Thanks again. One small note is that it signaled the UC exactly but with the UJ the levels it alerted were not correct. Regardless, thanks again.

And many thanks to Davit. Reading through the thread and using what is presented. Thanks. mdavem
  • #16,871
  • Apr 3, 2018 9:17pm Apr 3, 2018 9:17pm
Went in again after the AUD news. Triple dip.

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Trade with confidence, trade without fear.
  • #16,873
  • Apr 3, 2018 9:20pm Apr 3, 2018 9:20pm
Hi Guys I will post some closed trades and moderate this thread.Will not get into discussions.Lots of new traders here and obviously ignored what I asked from 1st page and some already have been removed. This is not for new traders and you will lose your $$! Don't want any part of it.I may make it look easy and trust me its not!Took me many years to get here and road was rough with lots of hardships.Keep your money and try something easier on system threads

EA+1411
waited patiently for S61
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In trading, you have to be defensive and aggressive at the same time
  • #16,874
  • Apr 3, 2018 9:28pm Apr 3, 2018 9:28pm
Quoting Davit
Hi Guys I will post some closed trades and moderate this thread.Will not get into discussions.Lots of new traders here and obviously ignored what I asked from 1st page and some already have been removed. This is not for new traders and you will lose your $$! Don't want any part of it.I may make it look easy and trust me its not!Took me many years to get here and road was rough with lots of hardships.Keep your money and try something easier on system threads EA+1411 waited patiently for S61 {image}
I saw that today that some of these dolts got booted.

This EA trade was a rainmaker!
Trade with confidence, trade without fear.
  • #16,875
  • Apr 3, 2018 9:29pm Apr 3, 2018 9:29pm
closed CJ trades
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In trading, you have to be defensive and aggressive at the same time
  • #16,876
  • Apr 3, 2018 11:10pm Apr 3, 2018 11:10pm
Quoting bojack34
{quote} I can respect that. TY. I wouldn't think he would mind since it doesn't take away from anything nor is it distracting. Thanks for the reply.
Ok, then, here it is:
Attached File(s)
File Type: ex4 Show Pips.ex4   16 KB | 535 downloads
  • #16,877
  • Apr 4, 2018 12:32am Apr 4, 2018 12:32am
USDCAD seems to be turning, .78 pivot, tdis starting to reverse.

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  • #16,878
  • Apr 4, 2018 12:40am Apr 4, 2018 12:40am
Quoting Davit
Hi Guys I will post some closed trades and moderate this thread.Will not get into discussions.Lots of new traders here and obviously ignored what I asked from 1st page and some already have been removed. This is not for new traders and you will lose your $$! Don't want any part of it.I may make it look easy and trust me its not!Took me many years to get here and road was rough with lots of hardships.Keep your money and try something easier on system threads EA+1411 waited patiently for S61 {image}
Superbly Excellent Trading Davit, I always enjoy visiting your thread, quality stuff, keep up the great work, you deserve these results.
  • #16,879
  • Apr 4, 2018 1:02am Apr 4, 2018 1:02am
Quoting choco
USDCAD seems to be turning, .78 pivot, tdis starting to reverse. {image}
Hi Choco
I said I rather not get in discussions but sometimes its hard...
The reason I insist people do calendar events because I want you and others to have awareness what's coming up.
Friday key CAD events and projection is positive hence market sentiment is positive on the CAD hence MM can push UC lot lower by Friday best look for other pairs personally. This is how I trade taking market sentiment in consideration.Price may be at S78 but could drop another 100pips lower or could go north from this point but to me selling the CAD is not the right move now(Long UC is selling the CAD).Lots of empty space here
regards
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In trading, you have to be defensive and aggressive at the same time
  • #16,880
  • Apr 4, 2018 2:00am Apr 4, 2018 2:00am
Hi Davit,

I may add to your comment that we might still get some further positive follow through from yesterdays events in which Trump wanted to get Nafta resolved in one week. That gave CAD a massive boost. So UC might still fall a bit more and current PA is merely a consolidation to push UC lower.

But as you always quote: Anything can happen.

Enjoy your time off the thread and I am sure I speak for all that we already miss your valuable input here

Jester
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