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Pivot Trading

  • #18,001
  • May 1, 2018 9:30pm May 1, 2018 9:30pm
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!
No offense has taken pgr45za.

How I traded before?

1. I didn't prepare my trading plan based on news calendar. All I was doing was jumping in front of the computer during news or before news and try to pull trades based on data/numbers after news events.
2. I was trading big size positions which were very stressful and loses were big. They were hard to manage as well.
3. I was relying too much on moving averages along with TDI crosses and candle closes and missing the trades or catching the tail of the trades.

You see in any professional sport, football for example. You see players playing football in a big match. Do you think they just practice kicking the ball?
- They do endurance training, prepare themselves for the 90 mins games
- They do physical training, prepare them physically to handle pushing and shoving during the game.
- Meditation, help them stay calm and composed during the stressful times
and I'm sure they do many more things to prepare themselves for the games.

But what as a spectator see on the big screen is a competitive football game.

What I want to say is that there are few things that go behind me taking the trades.

1. I try to do my news calendar on Sunday before the market opens on Monday. This helps me have my trading plan laid out and also have my plan B in case I'm wrong with my analysis.
2. I have the key levels on my charts which I applied on 01-01-2018 for the rest of the year to see how price behaves around those levels.

GU daily Levels
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily levels for 2018.png Size: 190 KB


The same levels helped me take EURCAD trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Daily levels for 2018 .png Size: 225 KB


I look for the next level where PA can move on higher TF and base my entries on H4 or H1 TF. The entries are based on weekly pivots and positions are added when PA pullback to the break of the level or major fib level. See below, for example.

Attached Image (click to enlarge)
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The entries are placed for any sudden pullback
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Sell 01052018.png Size: 267 KB


AUDJPY Daily levels
Attached Image (click to enlarge)
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For me, the overall direction of PA is very important. It just adds an extra layer of confidence in my trading. I hope this helps why I took AUDJPY trade from S38. It had the potential to go to the next level and I took it. If it didn't work, it didn't work. The most important part for me is to have a plan and justification for your trade.

Best regards
  • #18,002
  • May 2, 2018 1:49am May 2, 2018 1:49am
what about AC, looking forward at R38 anyone have any suggestion ?
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  • #18,003
  • May 2, 2018 1:50am May 2, 2018 1:50am
Quoting victorezeaku
NZDJPY A close look at the chart will reveal Divergence Building long position and looking forward to R61 {image}
hey victor .... there is no div here bro .... there is LL 4 PA and RSI ??? ...... there was a div to the previous LL ......
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  • #18,004
  • May 2, 2018 1:58am May 2, 2018 1:58am
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.
..... thats the gen idea pgr45za ...... trade away from the pivot is Action trade ..... trade to the pivot is a Re-Action trade ...... read Davits stuff & u will see this

Quoting Nenuser
Managed to get out of my shorts on EURCAD, held for too long during news release aiming for S100 and it started going north. Bounced from S61, the best trade would have been shorting from S61. {image} What could I have done better? Hope you all guys are doing good.
[everyting MrAussie said &] ..... IMO u missed the trade by a few days to the left of ur chart .... the pullback into the pivot was the entry short ...... did u notice Davit say about strong CAD last week ..... take a long look @ur charts PA

keep @it brother
  • #18,005
  • May 2, 2018 2:17am May 2, 2018 2:17am
Quoting snail69
{quote} 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) {image}
hey snail

sorry to bother you, but can you post that indicator on previous weeks pivots ? I would like to check big TFs and older weeks with it too and do some testing, thank you very much
"only the strong survive"
  • #18,006
  • May 2, 2018 2:20am May 2, 2018 2:20am
Quoting rockgirl
what about AC, looking forward at R38 anyone have any suggestion ? {image}
IMO all u r do'n is a type of pivot martingale [there r many types of martingale variant like wat Hanover says] ....... Davits method has nothing 2 do wit martingale ....... plz read page 1
  • #18,007
  • May 2, 2018 2:26am May 2, 2018 2:26am
Quoting Madara.
{quote} hey snail sorry to bother you, but can you post that indicator on previous weeks pivots ? I would like to check big TFs and older weeks with it too and do some testing, thank you very much
I believe this is the same one, if not check the paper clip at the top of the page
Attached File(s)
File Type: ex4 Pivot_Voty-2 ALERT.ex4   71 KB | 409 downloads
  • #18,008
  • Edited 3:04am May 2, 2018 2:35am | Edited 3:04am
Quoting Nenuser
{quote} 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.
Mark Douglas 101 ....... if u have a system with edge u must take every signal the system gives u weather u like it or not .... even if u tink it will b a loser ...... very tuff 2 do sure bro ...... go over the videos again IMO it might help

never surrender brother Nenuser
  • #18,009
  • May 2, 2018 3:12am May 2, 2018 3:12am
Quoting dogdays713
{quote} I believe this is the same one, if not check the paper clip at the top of the page {file}
thank you for answer but nope, it is something other...also checked paper clip, will wait for snail to answer, thanks anyway
"only the strong survive"
  • #18,010
  • May 2, 2018 3:43am May 2, 2018 3:43am
Hi, first post here, thanks for all the support this tread offers
short EG based on PA near R38 with TDI down up to 1H, and divergence on 4H
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  • #18,011
  • May 2, 2018 3:46am May 2, 2018 3:46am
Quoting Madara.
{quote} thank you for answer but nope, it is something other...also checked paper clip, will wait for snail to answer, thanks anyway
Madara, I really use Pivot_Voty with alert. You may have to amend settings.
  • #18,012
  • May 2, 2018 3:55am May 2, 2018 3:55am
Quoting snail69
{quote} Madara, I really use Pivot_Voty with alert. You may have to amend settings.
omg, my bad...sorry, I am adjusting settings now
"only the strong survive"
  • #18,013
  • May 2, 2018 3:57am May 2, 2018 3:57am
As Griffinssoul mentioned , even if you thing it will be a loser.... have this situation now, but taking it anyway.

EURAUD - TP at the lower previous Pivot, however, now S38 is the immediate previous Pivot. Always looking for a confluence of several things.

At intended TP there are: previous Pivot, DO line, SD level, 61-78 ZONE, on 4H TDI has space still on way down to extreme, big RN 1.5900
Attached Image (click to enlarge)
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  • #18,014
  • May 2, 2018 4:57am May 2, 2018 4:57am
I am long EA at the moment. Some may see this entry as early but I do like to test bounces from the pivot levels with tight stops. According to my money/risk management strategy I have deemed it acceptable to essentially "scalp" with a small risk SL when price hits key levels to get the best entry possible, obviously I don;t do this every time something gets to a pivot level but if PA gives me some reason to think there will be a bounce then I will take it. Very small risk as SL is tight. I do not add SL's to my following positions.

I could see that price did bounce off this level once before recently so that increased the probabailiy that it would do the same here. I could have been wrong but my risk was so small that there would have been no problem if that was the case.

If anyone has some constructive criticism I am all for it!

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  • #18,015
  • May 2, 2018 5:44am May 2, 2018 5:44am
1-5-2018 trading results
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  • #18,016
  • May 2, 2018 5:46am May 2, 2018 5:46am
Quoting alakader
Hi, first post here, thanks for all the support this tread offers short EG based on PA near R38 with TDI down up to 1H, and divergence on 4H {image}
You guys stop mentioning divergence or I am going start banning people out.I don't give a fk what you read about Divs but on this thread there are not factored at ALL! NoNE! Its just oscillator catching up with price and nothing more!You got to get this amateurish shit out of your minds!
In trading, you have to be defensive and aggressive at the same time
  • #18,017
  • May 2, 2018 5:46am May 2, 2018 5:46am
Quoting Seshwaan
I am long EA at the moment. Some may see this entry as early but I do like to test bounces from the pivot levels with tight stops. According to my money/risk management strategy I have deemed it acceptable to essentially "scalp" with a small risk SL when price hits key levels to get the best entry possible, obviously I don;t do this every time something gets to a pivot level but if PA gives me some reason to think there will be a bounce then I will take it. Very small risk as SL is tight. I do not add SL's to my following positions. I could see...
I think you are on the wrong side of the odds..
  • #18,018
  • May 2, 2018 5:49am May 2, 2018 5:49am
Quoting alakader
Hi, first post here, thanks for all the support this tread offers short EG based on PA near R38 with TDI down up to 1H, and divergence on 4H {image}
you are removed

I can't have idiots here who can't even make decision.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #18,019
  • May 2, 2018 5:50am May 2, 2018 5:50am
AJ +337
lightening my load have too many trades going.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM5.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #18,020
  • May 2, 2018 5:55am May 2, 2018 5:55am
missed taking tP swing low.Was sleeping
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In trading, you have to be defensive and aggressive at the same time
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