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Pivot Trading

  • #17,401
  • Apr 18, 2018 10:05pm Apr 18, 2018 10:05pm
Quoting Davit
Closed GA +1530 {image}
Can you tell us more about these trades?

I can see where & why the trades at the R38 would or could have been placed this week

But I'm wondering if the lower level trades were taken last week and held into drawdown early this week?

Or were they taken on more recently on the huge down candles as trades to and below the Pivot?

The GBPUSD shows a similar set of trades but includes R61 trades.

Congratulations and Thanks
It takes a lot for me to IGNORE you, but you can try.
  • #17,402
  • Apr 18, 2018 10:13pm Apr 18, 2018 10:13pm
Quoting MoneyTalks58
Hello guys again. I moved to Amsterdam and start trading again after settling. Of course this is the main system for me By the way, I am trying to put adr indicator bottom left corner but I couldn't. Is there anyone who knows how to do it? And EJ has a good resistence I guess. {image}
Play with the settings as shown, sometimes they are called "x" and "y"

Enjoy Amsterdam, good luck

Attached Image
It takes a lot for me to IGNORE you, but you can try.
  • #17,403
  • Edited Apr 19, 2018 1:31am Apr 18, 2018 11:39pm | Edited Apr 19, 2018 1:31am
Quoting Erebus
{quote} Can you tell us more about these trades? I can see where & why the trades at the R38 would or could have been placed this week But I'm wondering if the lower level trades were taken last week and held into drawdown early this week? Or were they taken on more recently on the huge down candles as trades to and below the Pivot? The GBPUSD shows a similar set of trades but includes R61 trades. Congratulations and Thanks
I have already mentioned and covered that GA was in a range and I love trading range and have done so this month on GA and talked about it.
My "mistake" was not taking profit last week thinking It may break lower which it did not and new week new pivots hence why lots of lower trades.
As for DD its part of how I trade.I get out if the trade no longer is viable or DD is no longer acceptable.Both situations was not the case for me since the range did not break hence no longer needed to take loss.Rest is just waiting for range to do its thing
I hope this clarifies it

Drawdown is part of trading and it will be stupid if one takes a loss every time one gets into a DD.We trade pivots and suppose PA was bearish at 61R and you took some shorts and 4hrs later became bullish and price went to 100R do you take a loss? or wait? Correct thing to do is wait and see how swing proceeds.
Remember every swing usually ends with a spike and that's basically MM taking stops and getting their orders filled.One should never be afraid of spikes unless its news related.

Personally I do like to see your trades...
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In trading, you have to be defensive and aggressive at the same time
  • #17,404
  • Apr 18, 2018 11:54pm Apr 18, 2018 11:54pm
Quoting MoneyTalks58
Hello guys again. I moved to Amsterdam and start trading again after settling. Of course this is the main system for me By the way, I am trying to put adr indicator bottom left corner but I couldn't. Is there anyone who knows how to do it? And EJ has a good resistence I guess. {image}
Hi MT welcome back
PA still bullish and not close to 61R
Trade still have a chance.Like a magnet price really wants to reach R61
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In trading, you have to be defensive and aggressive at the same time
  • #17,405
  • Apr 19, 2018 1:55am Apr 19, 2018 1:55am
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  • #17,406
  • Apr 19, 2018 2:20am Apr 19, 2018 2:20am
AC [/DC let there b rock!!!] H4 +50pips ......... cool retest of the S38 .... wait'd 4 this from last week ...... good fundies [was expect'n a few slams here & there .... never got them] ...... all clear 4 take off

superb trade'n dudes ...... mega big thnx 2 all the bros who post there fundies
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  • #17,407
  • Apr 19, 2018 3:04am Apr 19, 2018 3:04am
Quoting griffinssoul
AC [/DC let there b rock!!!] H4 +50pips ......... cool retest of the S38 .... wait'd 4 this from last week ...... good fundies [was expect'n a few slams here & there .... never got them] ...... all clear 4 take off superb trade'n dudes ...... mega big thnx 2 all the bros who post there fundies {image}
Iron Ore in China is up 6% today helping the Aussie cause. Good trading!
Fall seven times, stand up Eight! #GGMU
  • #17,408
  • Apr 19, 2018 3:10am Apr 19, 2018 3:10am
GBP retail sales numbers are up shortly. If negative (as forecasted), GBP could see further drops. I am short GU again; this might fall to 38S easily.
Fall seven times, stand up Eight! #GGMU
  • #17,409
  • Apr 19, 2018 3:31am Apr 19, 2018 3:31am
Quoting vickym
GBP retail sales numbers are up shortly. If negative (as forecasted), GBP could see further drops. I am short GU again; this might fall to 38S easily.
UK March Retail Sales including autos, fuel: -1.2% m/m - big miss (source forexlive)
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Fall seven times, stand up Eight! #GGMU
  • #17,410
  • Apr 19, 2018 5:03am Apr 19, 2018 5:03am
I have to agree re short Vicky BUT BUT BUT what are the ODDS around pivot line?
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  • #17,411
  • Apr 19, 2018 5:11am Apr 19, 2018 5:11am
this month April using Davits only
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  • #17,412
  • Apr 19, 2018 5:16am Apr 19, 2018 5:16am
Quoting starpro
I have to agree re short Vicky BUT BUT BUT what are the ODDS around pivot line?{image}
your pivots look a bit off
  • #17,413
  • Apr 19, 2018 5:23am Apr 19, 2018 5:23am
Quoting starpro
I have to agree re short Vicky BUT BUT BUT what are the ODDS around pivot line?{image}
I did not quite understand your question
Fall seven times, stand up Eight! #GGMU
  • #17,414
  • Apr 19, 2018 5:28am Apr 19, 2018 5:28am
everyone has diff pivots due to brokers , GMT etc etc ,,, IF you follow YOUR pivots and believe you are right YOU WILL BE ... only YOU can fix YOUR broker/time pivots IMO PLUS Davit says any pivots 100 either side is STILL IN THE ZONE ... read your charts ... are your pivots right according to yur broker etc etc etc ... only practise and sucsess will confirm that IMO for eg did these pivots nagree with yours??????
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  • #17,415
  • Apr 19, 2018 5:46am Apr 19, 2018 5:46am
TRUST in what you see ... Trust Davits pivots ... BUT .. you are responsible at the end of the day .... MAKE the decision ... Press the Trigger BUT BE AWARE at all times .... "ITS YOUR MONEY RALPH"
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  • #17,416
  • Apr 19, 2018 5:49am Apr 19, 2018 5:49am
Vicky .. the ODDS around the pivot line are 50/50- not good imo
  • #17,417
  • Apr 19, 2018 5:49am Apr 19, 2018 5:49am
Quoting starpro
I have to agree re short Vicky BUT BUT BUT what are the ODDS around pivot line?{image}
You are off unacceptable level
WP is GU 4211 you are way off at 4175 that's 36pips off. I said within 10pips -/+ not 100
In trading, you have to be defensive and aggressive at the same time
  • #17,418
  • Apr 19, 2018 5:50am Apr 19, 2018 5:50am
GBPAUD +397 , exit at harami
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  • #17,419
  • Apr 19, 2018 5:57am Apr 19, 2018 5:57am
Quoting Davit
Watch AU can't break 38R previously {image}
AU chart I posted yesterday

Almost I feel like I am providing signal service here....lol still I don't see enough folks posting their winners...but I read plenty of Why this and why that...
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In trading, you have to be defensive and aggressive at the same time
  • #17,420
  • Apr 19, 2018 5:59am Apr 19, 2018 5:59am
OK Davit , with all due respect , I have difficulty with time difference and broker difference ,,, even the settings of davits fibo method .... post your chart of the time and I will see if I can correlate my settings ... (approx. 6000 pts (?60pips?) this week must be somewhere close to your settings ... I'm very happy to be shown the way forward ...cheer SP
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