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Pivot Trading

  • #17,981
  • May 1, 2018 12:46pm May 1, 2018 12:46pm
Quoting pgr45za
{quote} Just in order to learn, how is your last chart not subject to some of the same mistakes you pointed out? Aren't you also catching it down kind of late? No disrespect meant here!
i am still reading the first pages (50 so far) but what i find also confusing is that you (MrAussie) shorted AJ below weekly pivot, into the s38?
is this advanced trading style of pivots? (i am really asking seriously and not sarcastic.)
trading is like dancing, don't think and just listen to the music!
  • #17,982
  • May 1, 2018 12:50pm May 1, 2018 12:50pm
Quoting birdland
{quote} i am still reading the first pages (50 so far) but what i find also confusing is that you (MrAussie) shorted AJ below weekly pivot, into the s38? is this advanced trading style of pivots? (i am really asking seriously and not sarcastic.)
My understanding of this (based on the full year I've been here following the thread) is that it is an advanced entry in the sense that you are carrying over from the previous week's pivot levels. I know that Davit tends to just consider the current week's pivots, but I know of others that look at the previous week as well). In the end, what I find useful is knowing how to read PA. The pivots give you an indication of a possible imminent reversal in the cards, but PA is King and rules.
  • #17,983
  • May 1, 2018 12:52pm May 1, 2018 12:52pm
All Yen pairs may be getting a whack soon, as Japan has just said it will delay primary budget surplus goals by 5 years.
  • #17,984
  • May 1, 2018 12:54pm May 1, 2018 12:54pm
Quoting MrAussieFX
{quote} I'm not the smartest guy in trading but just following the simple/effective guidelines listed on page 1 of this thread. I can pick few mistakes just looking at your chart that you posted here. Please don't take it personally, its something that I was doing myself at one stage a few years back. Your chart EURCAD 15 mins {image} Mistake 1: If it's your real account and that is the trade size you are using then you are not trading pivot trading instead you are doing stressful trading. Mistake 2: If you don't understand the Price action. You...
Thanks MrAussie! Really helpful post.

I am trading .1 lots, I don't know why it was showing one full lot.

Attached Image (click to enlarge)
Click to Enlarge Name: dawd.jpg Size: 103 KB


I will start trading from M30 from now on and only shorting from r61-r100 and buying from s61-100. I meant to swing trade after news and you are right I entered just after the positive news.

Yes I did check the calendar and I am checking it constantly. But still I took a bad trade outside the zone. Thanks a lot for your advice I will apply it from now on
  • #17,985
  • May 1, 2018 1:01pm May 1, 2018 1:01pm
Quoting pgr45za
{quote} My understanding of this (based on the full year I've been here following the thread) is that it is an advanced entry in the sense that you are carrying over from the previous week's pivot levels. I know that Davit tends to just consider the current week's pivots, but I know of others that look at the previous week as well). In the end, what I find useful is knowing how to read PA. The pivots give you an indication of a possible imminent reversal in the cards, but PA is King and rules.
Also helps to know the general sentiment of the currency. If it's very strong, it's likely to keep pushing out of the middle pivots. You'd have to keep your finger on the fundamentals and judge whether the movement has fully priced in the latest fundamentals. It takes considerable experience, I suppose.
  • #17,986
  • May 1, 2018 1:21pm May 1, 2018 1:21pm
update to my trade yesterday, was in profit, got greedy closed it a bit better than break even.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADproH4.png Size: 62 KB
  • #17,987
  • May 1, 2018 1:25pm May 1, 2018 1:25pm
Quoting dogdays713
update to my trade yesterday, was in profit, got greedy closed it a bit better than break even. {image}
Hi dogdays713,could you make this news indicator available? thank you
  • #17,988
  • May 1, 2018 1:29pm May 1, 2018 1:29pm
Quoting Matheuzera
{quote} Hi dogdays713,could you make this news indicator available? thank you
the news reader? sure
Attached File(s)
File Type: ex4 News reader (1).ex4   101 KB | 459 downloads
  • #17,989
  • May 1, 2018 1:39pm May 1, 2018 1:39pm
Quoting dogdays713
{quote} the news reader? sure {file}
thank you very much
  • #17,990
  • May 1, 2018 1:39pm May 1, 2018 1:39pm
Quoting Nenuser
Next week outlook Australia economy seems to be stalling a bit, GDP growth pointing down with decreasing numbers since July 2017, right now quarterly GDP growth is at .4%. "The Australian economy advanced 0.4 percent in the December quarter of 2017, less than market consensus of a 0.6 percent expansion and after an upwardly revised 0.7 percent growth in the previous quarter. It was the weakest growth rate since a contraction in the September quarter 2016, as positive contributions mainly came from final consumption expenditure while non-dwelling...
Failed to act on my fundamental analysis. AUD/CAD tanking since the start of the week. I feel dumb for not acting.

"Every accomplishment starts with the decision to try" so true Davit.
  • #17,991
  • May 1, 2018 1:46pm May 1, 2018 1:46pm
See guys, Davit was right from the start of the week again. He said" CAD " will be strong. And voila CAD is da beast. I didn't follow CAD close and long enough to understand completely fundamentals behind it but hey something new every day.
  • #17,992
  • May 1, 2018 1:48pm May 1, 2018 1:48pm
Quoting dogdays713
{quote} the news reader? sure {file}
My man! Thanks a lot !
  • #17,993
  • May 1, 2018 4:05pm May 1, 2018 4:05pm
Hello fellow Pivot Traders!

I feel that it is time for me to post and share my views of this fantastic trading system that Davit has provided us with.

I have been trading Forex for roughly 2 1/2 years now. I've put an insane amount of hours into this because I find that I'm quite passionate about it (purposely waking up in the middle of the night to trade). I would never do this for my regular job. I love the complexity of Forex and the challenges/rewards it brings. I've tried many many different systems as well as come up with a few of my own, but nothing that was consistent enough for me. I started out with $100 (real money) and traded very small for over a year in order to learn how things work before investing larger. I have been ridiculed countless number of times over this. " How much did you make today, $1.00? Hahaha." In spite of the psychological demons that plague us all, I was able to hold onto that $100 throughout that time and just brush off the rediculous peanut gallery comments at work.

I have to be honest and say that it was Davits 1000+ pip comments showing up on FF main page that drew me in. In the beginning, being cautiously optimistic, I felt the need to check it out. I have been quietly lurking in the shadows of Davits Pivots for roughly 3 weeks now. I've been reading and retaining as much knowledge as possible as well as trading Davits system at the same time. I've made mistakes! Again, I feel mostly psychological (Mark Douglas helps tremendously with these issues). I've also observed the power of the pivots and Davits system as a whole. In my opinion, after discovering this system and reading day and night, I believe I've found the perfect fit. This is a very well rounded system of trading. Davit has covered many of the common problems with traders/trading and found solutions.

The weekly fundamental reports he has requested we do, have made me really focus my energy on understanding what is actually happening with world economics. To be quite honest, I never really used to put enough effort into this. It's key! Will post soon.

Price action is incredibly important (King!!) and when used in conjunction with pivots/fundamentals, exceptionally powerful.

The psychological aspect of trading is by far (IMO) the most difficult obstacle. It's really easy to click a button and make money. It's also really easy to click s button and lose it. Learning when to place a trade and when to exit is very difficult but listening to Davits advice really really helps. (Read the books he's recommended!) BE PATIENT!!

If you decide to use this system, then stick with it. Don't give up! Follow the rules and recommendations of the creator. He clearly is doing something right. If you want it, work for it!

Even though I'd love to continue on ranting, enough is enough. I know you've heard it a thousand times before but thanks a million for this opportunity. You've helped me tremendously at becoming a better trader and becoming that much closer to my end goal. I know I still have a long road ahead, but it's not something I will be giving up on. You"ve provided me with a detour which will get me there that much quicker. Persistence, Patience and Knowledge is the key.

Good luck to all here and be thankful for this opportunity. It's not every day that you stumble across someone willing to share such information.

Kind Regards,
Greg
No two things have been combined better than Knowledge and Patience.
  • #17,994
  • May 1, 2018 6:06pm May 1, 2018 6:06pm
Quoting pgr45za
{quote} My understanding of this (based on the full year I've been here following the thread) is that it is an advanced entry in the sense that you are carrying over from the previous week's pivot levels. I know that Davit tends to just consider the current week's pivots, but I know of others that look at the previous week as well). In the end, what I find useful is knowing how to read PA. The pivots give you an indication of a possible imminent reversal in the cards, but PA is King and rules.
Personally changed thanks to this thread to a long TF trading and considering 1H, 4H, 1D charts. but mainly 4H,1D. Looking at previous pivots too.

Like this trade: +702

CADJPY - based on daily chart and fundamentals I presume this pair will go up to R200 later if not to 88.620, but anything can happen and I close now, where odds are high at: previous DO, TDI up on extreme, price in the ZONE and close to R78, around RN (50 or 100)
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 102 KB
  • #17,995
  • May 1, 2018 6:26pm May 1, 2018 6:26pm
Because of the nature of my work, I will be using place and forget trades based on News, TDI and Pivots.

With upcoming NZD News
12:45am NZD
Employment Change q/q 'Actual' greater than 'Forecast' is good for currency;

EURNZD Forecast for better outcome
A break of 1.7075 will take EURNZD to S36 (1.7000) and possibly S100 by friday
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDmicroH41111.png Size: 45 KB
  • #17,996
  • May 1, 2018 6:39pm May 1, 2018 6:39pm
NZDUSD Forecast
A break of S38 will take NSDUSD to Pivot area ( 0.7000) and possibly To R38
This may mark the beginning of an upward trend. Anything can happen
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDmicroH4.png Size: 57 KB
  • #17,997
  • May 1, 2018 6:39pm May 1, 2018 6:39pm
Quoting victorezeaku
Because of the nature of my work, I will be using place and forget trades based on News, TDI and Pivots. With upcoming NZD News 12:45am NZD Employment Change q/q 'Actual' greater than 'Forecast' is good for currency; EURNZD Forecast for better outcome A break of 1.7075 will take EURNZD to S36 (1.7000) and possibly S100 by friday {image}
Did you read the first page?
Please use my template and indicators only.
This is so we are all on same page and stick with what is being shared here.
If you do post with added indicators you will be removed from this thread without warning!
  • #17,998
  • May 1, 2018 6:51pm May 1, 2018 6:51pm
GBPNZD Forecast
A break of S38 will take GBPNZD to S61 area ( 1.9300) and possibly To S78
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDmicroH4.png Size: 66 KB
  • #17,999
  • May 1, 2018 7:05pm May 1, 2018 7:05pm
My eyes are burning from those charts
  • #18,000
  • May 1, 2018 7:07pm May 1, 2018 7:07pm
NZDJPY
A close look at the chart will reveal Divergence
Building long position and looking forward to R61
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYmicroH4.png Size: 45 KB
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