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Pivot Trading

  • #16,921
  • Apr 4, 2018 10:36am Apr 4, 2018 10:36am
Quoting esk1mooo
{quote} Just sharing trade experiences. Currently 1 & 5 are running through my mind. From being +500 pips on GU before stepping out the office for 30 mins, to being negative -30 odd pips. It all can change in a blink of an eye. Cheers Trump! {image} Five fundamental truths: 1. Anything can happen. 2. You don’t need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher...
IMHO, try and look for trade set-ups that will give you an edge. GU is often a nightmare to trade, highly monitored and a whole bunch of key levels that institutional traders watch for outside of the pivot zones.

Stick to the pairs that move in more predictable ranges. AC, AN, EA, EC, GC, UC etc and look for set-ups in the crucial 61-100 zones and enter when the the Price action gives a signal. The problem with entry at the WPP is that PA could move rapidly in either direction, whereas in the 61-100 zone statistically price then tends to revert back to the WPP (Your point 4 above). Green pips
  • #16,922
  • Apr 4, 2018 10:49am Apr 4, 2018 10:49am
Quoting mch1970
{quote} IMHO, try and look for trade set-ups that will give you an edge. GU is often a nightmare to trade, highly monitored and a whole bunch of key levels that institutional traders watch for outside of the pivot zones. Stick to the pairs that move in more predictable ranges. AC, AN, EA, EC, GC, UC etc and look for set-ups in the crucial 61-100 zones and enter when the the Price action gives a signal. The problem with entry at the WPP is that PA could move rapidly in either direction, whereas in the 61-100 zone statistically price then tends to...
Thanks for the advice. I've removed all G pairs besides GU - i'm literally trading what's on page 1 these days. Understand G is a beast by nature, may remove that also.

Ben
  • #16,923
  • Apr 4, 2018 11:19am Apr 4, 2018 11:19am
UC as expected bounce down. Was reading some professional trader interview and his insides on the news factor. His outlook was that even if the news positive (like USD today) the price can revers and it's all because before the news price was moving in the outlook of them and when release happens with expected outcome price reverses and goes different way. Plus all the time spend with charts and practice price action in replay mode is paying off. Pivot add another great confirmation on the zones, however anything can happen so risk/reward helps to save the earned money at the time of wrong entry.

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  • #16,924
  • Apr 4, 2018 11:30am Apr 4, 2018 11:30am
Hello traders,

how you doin´. Since Davit is not as active as before, i am happy that a lot of traders here is trying to hold the quality of this thread. In contrary a lot of guys here, i feel that they are pure beginners asking dumb questions. For those more read, less write. Please.

A lot of guys is taking nice trades, squeezing money to the bank. I am happy. Go on!
Personally , i am still holding EA, which was dancing today like crazy, i tanked a lot of new positions, with some of them booked nice profit.

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Still holding AN in minor loss.

On my watchlist is now NU, AJ. Take a close look on it, check the previous structure.

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A lot of opportunities is coming.

Cheers
  • #16,925
  • Edited 11:57am Apr 4, 2018 11:39am | Edited 11:57am
Quoting Davit
EA+207 Already posted about CJ there you go easy trade... {image}
Did we pick each other's minds on this one?

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EA Daily
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EA H4
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Kindest regards
  • #16,926
  • Apr 4, 2018 5:50pm Apr 4, 2018 5:50pm
Just want to say thanks to Davit and crew.

I am still on the early part of the thread where Davit just lost his job.
But just want to express my appreciation.

My equity is still in a rollercoaster ride but i think it is now heading to the right direction.
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When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #16,927
  • Edited 10:28pm Apr 4, 2018 10:03pm | Edited 10:28pm
I also noticed some changes in attitude to markets and trading after finding Davit's thread.

- started to build positions, instead 1 entry (major change)
- started trade minors
- started trade 1H and higher TF almost exclusively, with exception of wedge quick 30M trades (set up is shown in attached pic)
- started to pay more attention to fundamentals and not only news of the same day

Set up: on 30M looking for a wedge, where horizontal line is either:

- daily open line
- BR number 000

at the same time watching situation in respect to pivots. Best in "38" treasure zone.

Showing USDCAD trade based on Davit's fundamentals info and charting reasoning shown in my previous post about USDCAD.

Started build position after news on NZDUSD.

Thank you Davit for all the above.
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  • #16,928
  • Apr 5, 2018 12:55am Apr 5, 2018 12:55am
I got a few small buy positions open in AUDNZD. Price seems to have formed a wedge around .61, positive trade balance for AUD. Price could break up from here.

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  • #16,929
  • Apr 5, 2018 1:00am Apr 5, 2018 1:00am
Quoting snail69
AUDNZD Wedge trade developing nicely, shown with possible TPs according to fibs and look at situation on 1H. {image}
Good to see we're thinking alike
  • #16,930
  • Apr 5, 2018 2:40am Apr 5, 2018 2:40am
Quoting griffinssoul
{quote} oky


Hi griffinsoul, sorry to bother you
but i could not Pm you, so i post here _
Just a small curiosity .. your Indi of course works like a charm
and no problem when it is placed on all fx pairs
however when i placed it on gold and some other pairs just to check levels etc ..
it gives this type of error ..
Also pls note that i have used it for 3 months now, and
it began to give the error from 2 days _
Any idea why that happens ?
Many Thanx
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The arriving better than the arrival, the journey has just started
  • #16,931
  • Apr 5, 2018 3:23am Apr 5, 2018 3:23am
Quoting jenbols
{quote} Hi griffinsoul, sorry to bother you but i could not Pm you, so i post here _ Just a small curiosity .. your Indi of course works like a charm and no problem when it is placed on all fx pairs however when i placed it on gold and some other pairs just to check levels etc .. it gives this type of error .. Also pls note that i have used it for 3 months now, and it began to give the error from 2 days _ Any idea why that happens ? Many Thanx {image}
Dear Jenbols,

This may help but if its something else griffinsoul would be the best person to look into it. I am using the previous version of his indicator for this illustration.

The reason for the error
Attached Image (click to enlarge)
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The fix
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Best regards
  • #16,932
  • Apr 5, 2018 3:47am Apr 5, 2018 3:47am
Quoting jenbols
{quote} Hi griffinsoul, sorry to bother you but i could not Pm you, so i post here _ Just a small curiosity .. your Indi of course works like a charm and no problem when it is placed on all fx pairs however when i placed it on gold and some other pairs just to check levels etc .. it gives this type of error .. Also pls note that i have used it for 3 months now, and it began to give the error from 2 days _ Any idea why that happens ? Many Thanx {image}
hey jenbols ..... i just drop'd V3 on Gold & it work no problem ....... wat is V3.2 auto?

yeah try resetting or reinstall cause wat MrAussie said could b the problem ....... strange it was working then not
  • #16,933
  • Apr 5, 2018 3:51am Apr 5, 2018 3:51am
Quoting MrAussieFX
{quote} Dear Jenbols, This may help but if its something else griffinsoul would be the best person to look into it. I am using the previous version of his indicator for this illustration. The reason for the error {image} The fix {image} Best regards
HI and thanx for taking the time to show me
but i dont know why it is doing it only now, and it went well
with the same settings for 3 months and suddenly gave me error_
Yes i did all trials before posting and checked all dates pivot start end dates
even though with this pivot indi Davits Pivot V3.2 Auto it is auto time adjustment and broker candle to false
by changing the dates the pivot and the s/r38-s/r61 100 .. will not change the values
whether they will change if you change the dates in the other pivot Davits Pivot V3
NO idea why .. it does it only on gold or silver and some others , but it works perfectly on all pairs ...
I am not gonna trade gold of those pair of course but was just curious to know why suddenly did that ...
Thanx for trying trying _
The arriving better than the arrival, the journey has just started
  • #16,934
  • Apr 5, 2018 3:52am Apr 5, 2018 3:52am
Quoting griffinssoul
{quote} hey jenbols ..... i just drop'd V3 on Gold & it work no problem ....... wat is V3.2 auto? yeah try resetting or reinstall cause wat MrAussie said could b the problem ....... strange it was working then not
HI yes i had just written to Mr Aussie
yes if i drop V3 the normal one it works but not with v3.2 auto
Tried every combination and also tried on different Mt4 , as i thought it had problem because of my live
but it did it on demo too ...
so i tried on other 2 computers and same stuff ,..
but anyway never mind i will use it the other one for gold and the v3.2 works perfectly for all other pairs ..
nice gift from you Cheers
The arriving better than the arrival, the journey has just started
  • #16,935
  • Apr 5, 2018 4:10am Apr 5, 2018 4:10am
Quoting jenbols
{quote} HI yes i had just written to Mr Aussie yes if i drop V3 the normal one it works but not with v3.2 auto Tried every combination and also tried on different Mt4 , as i thought it had problem because of my live but it did it on demo too ... so i tried on other 2 computers and same stuff ,.. but anyway never mind i will use it the other one for gold and the v3.2 works perfectly for all other pairs .. nice gift from you Cheers
.... so the auto went back 2 manual ....... no worries buddy just upload ur mq4 file plz & i will have a look see ..... who wrote the auto bit ????
  • #16,936
  • Apr 5, 2018 4:22am Apr 5, 2018 4:22am
Same error here with v3.2 auto only on Gold.Worked without any problem for months till today.
  • #16,937
  • Apr 5, 2018 4:32am Apr 5, 2018 4:32am
Quoting griffinssoul
{quote} .... so the auto went back 2 manual ....... no worries buddy just upload ur mq4 file plz & i will have a look see ..... who wrote the auto bit ????
HI, you mean the auto bit it is not supposed to be there and someone changed the name ?
that is the way i downloaded it from one of this posts _
Thank you, hope not too much trouble, it works on all pairs anyway
so many pivots indis to use out there, but this v3.2 i have to say beat them all _
here Post 8,591
herePost 6,349
herePost 7,724
The arriving better than the arrival, the journey has just started
  • #16,938
  • Apr 5, 2018 4:45am Apr 5, 2018 4:45am
Quoting jenbols
{quote} HI, you mean the auto bit it is not supposed to be there and someone changed the name ? that is the way i downloaded it from one of this posts _ Thank you, hope not too much trouble, it works on all pairs anyway so many pivots indis to use out there, but this v3.2 i have to say beat them all _ here Post 8,591 herePost 6,349 herePost...
thnx jenbols ..... looks like fxanalysis added auto bit [bless his soul] ...... liamseden fixed for sun candle [thnx brother ] ..... & alert was added latter ...... so i will check it

..... this is mega important cause not know'g wat ur indis r doing is mega dangerous
  • #16,939
  • Edited 5:55am Apr 5, 2018 5:37am | Edited 5:55am
Quoting jenbols
{quote} Hi griffinsoul, sorry to bother you but i could not Pm you, so i post here _ Just a small curiosity .. your Indi of course works like a charm and no problem when it is placed on all fx pairs however when i placed it on gold and some other pairs just to check levels etc .. it gives this type of error .. Also pls note that i have used it for 3 months now, and it began to give the error from 2 days _ Any idea why that happens ? Many Thanx {image}
....... dis is wat i have so far ...... v3.2 auto it work no problem on Gold ...... had to set broker time to false and mess wit the times to get error ...... otherwise same as V3

the V3.2 auto uses TimeGMTOffset but London has changed for TimeDaylightSavings last sun of march [WP] this could b prob ????? <- Griff dude sounds like BS cause all charts would error ????
  • #16,940
  • Apr 5, 2018 5:44am Apr 5, 2018 5:44am
still holdin my e/a shorts
da n0o0b + $hit_Disturber
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