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Pivot Trading

  • #18,281
  • May 6, 2018 8:28am May 6, 2018 8:28am
Quoting snail69
Still some time till live action. I suggest to have a look at 1H chart with the attached indicator and observe price movements. Just look at Wednesdays..... {file}
@Snail69 has a good point, wednesdays are likely to give some nice turning points... closing all profit trades on the thursday is a nice feeling
green pips
Hard choices, easy life. Easy choices, hard life. ~ Jerzy Gregorek
  • #18,282
  • May 6, 2018 10:14am May 6, 2018 10:14am
I'm all prepared and set for Week 19 of 2018. Finished with my calendar and have a trading plan in place.

Monday-Tuesday

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Wednesday
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Thursday
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Friday
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Some charts to go along with the calendar

EURUSD
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USDJPY
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Kindest regards
  • #18,283
  • May 6, 2018 10:35am May 6, 2018 10:35am
I got a question in the PM, replying it here so that everybody who got the same question can get help.

Q: how did you get the newsreader in the same window as the TDI?

A: 2 step

Step 1
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Step 2
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Best regards
  • #18,284
  • May 6, 2018 11:00am May 6, 2018 11:00am
Quoting Newhire
My weekly calendar analysis. Monday 07/05/18 AUD NAB Business Confidence Don't think this news could be a mover, however, i could be wrong CAD Gov Council Member Lane Speaks Base on the report made on 1st May, Interest rate are likely to maintain for the time being. NC could go north and UC could go south USD FOMC Member Bostic Speaks The news could have already been price in, as such am excepting some correct on the dollar Key Focus on EU, AU and GU Long. Tuesdays AUD Retail Sales m/m forecast 0.2% vs 0.6% Will hold on to my long AU position and...
Thanks for the update..
  • #18,285
  • May 6, 2018 11:44am May 6, 2018 11:44am
I've been reading fundamental news and they're saying BoE might give us a surprise hike. Not guaranteed but there's a chance so keep your eyes peeled for it.

If they do hike, buy GBP pairs since their location in the pivots warrant that. The market has to reflect this unexpected reality.

Here's an excerpt from one of the articles I read which summarize my thinking here:

"The pound has retreated by 6% from its 22-month high of $1.4376 set in April as a series of weak economic data and a faster-than-projected fall in inflation have cast doubt about the need to raise interest rates so soon. Market expectations of a May rate hike have receded dramatically, from more than 90% a month ago to below 10% currently. However, the possibility of a 25-basis point increase in the Bank rate next Thursday shouldn’t be totally dismissed as the BoE could raise in May, arguing that it is looking ahead to future inflation expectations, and pause after that. Some analysts agree with this view, with sterling anticipated to reverse sharply higher in the event the BoE delivers a shock hike."
  • #18,286
  • May 6, 2018 1:03pm May 6, 2018 1:03pm
Quoting MrAussieFX
I'm all prepared and set for Week 19 of 2018. Finished with my calendar and have a trading plan in place.

Hi MrAussie.

What is your source for making the calendar? For some news that in its calendar are marked as high impact on the FF calendar is marked as low impact.
Thank you
  • #18,287
  • May 6, 2018 3:26pm May 6, 2018 3:26pm
Quoting Davit
I had a great week overall way over 10% for the month.Could of been lot greater week was holding EA UC for BO which so far has not occurred but was in good profit....at one point both pairs... That's how it is sometimes it breaks you make lot of money other times bounces right up eating the profits.I learned to accept it. My graph for this week.Let the haters begin... perfect score! that's $440 per day of trading this week.Certainly beats my regular job. Thank you for your participation! and wish you good results {image}...

Davit,

Before I say anything, I am not a hater nor do I care about anybody's trading performance. In fact I admire your tenacity to keep doing what you do for so long and helping your thread participants gaining knowledge from your experience. I particularly like your calendaring idea to enforce structure and discipline into everyday trading. I only have one issue with transparency when you post your trading performance.

I am of the strong belief that one must post their open trades pnl also when doing a screenshot of MT4-generated account statement. You and I both know that is very easy to make 90% winrate on balance curve with a huge floating loss. May I respectfully request you to include your floating trades also in order to give a complete picture of how this strategy works in the essence of transparency to your readers and thread participants ? I can understand not wanting to share your open trades. Just Floating P/L: would do.
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Staying in my lane...
  • #18,288
  • May 6, 2018 5:27pm May 6, 2018 5:27pm
Quoting VEEFX
{quote} Davit, Before I say anything, I am not a hater nor do I care about anybody's trading performance. In fact I admire your tenacity to keep doing what you do for so long and helping your thread participants gaining knowledge from your experience. I particularly like your calendaring idea to enforce structure and discipline into everyday trading. I only have one issue with transparency when you post your trading performance. I am of the strong belief that one must post their open trades pnl also when doing a screenshot of MT4-generated account...
Are you trading Davits system? if not why does it matter to you? if you did trade davits system you would see it works and how he puts up the big numbers he does. why would he lie? to impress people he does not even know?
  • #18,289
  • Edited 6:22pm May 6, 2018 5:31pm | Edited 6:22pm
[quote=VEEFX;11031429]{quote} Davit I am of the strong belief that one must post their open trades pnl
Would you like that to go,, Mr invisible ,,
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  • #18,290
  • May 6, 2018 5:50pm May 6, 2018 5:50pm
I thought VEEFX was respectful in his / her post and would understand Davit is under no obligation to post what was requested. Respect in responses would be valuable in my humble opinion. VEEFX might be trying to learn / evaluate and having been on FF for over 10 years may have something to contribute.
Hope for the best, prepare for the worst.
  • #18,291
  • May 6, 2018 5:55pm May 6, 2018 5:55pm
[quote=dab;11031622]I thought VEEFX was respectful in his / her post ,,,responses would be valuable ,,, how so ?
  • #18,292
  • May 6, 2018 6:12pm May 6, 2018 6:12pm
Quoting dab
I thought VEEFX was respectful in his / her post and would understand Davit is under no obligation to post what was requested. Respect in responses would be valuable in my humble opinion. VEEFX might be trying to learn / evaluate and having been on FF for over 10 years may have something to contribute.
everything is on page one, its free so take it or leave it, he is not selling anything. he is not asking you or anyone to trade his system.
  • #18,293
  • May 6, 2018 6:14pm May 6, 2018 6:14pm
Ok well tig is to hold your own .. good luck t y'all
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  • #18,294
  • May 6, 2018 6:14pm May 6, 2018 6:14pm
[quote=Pacmanpip;11031627]
Quoting dab
I thought VEEFX was respectful in his / her post ,,,responses would be valuable ,,, how so ?

I'm not sure if your question is 1. how was VEEFX respectful or 2. how respect in responses would be valuable.

If 1. I thought all of below extract was respectful
Quoting VEEFX
{quote} I admire your tenacity to keep doing what you do for so long and helping your thread participants gaining knowledge from your experience. I particularly like your calendaring idea to enforce structure and discipline into everyday trading. …..I can understand not wanting to share your open trades. Just Floating P/L: would do. {image}

If 2. I think respect in responses is always valuable. If someone were a clear troll than I’d just ignore them.
Hope for the best, prepare for the worst.
  • #18,295
  • May 6, 2018 6:25pm May 6, 2018 6:25pm
Quoting dogdays713
{quote} everything is on page one, its free so take it or leave it, he is not selling anything. he is not asking you or anyone to trade his system.
I agree with all that but I'll leave you with this thought: do you think Davit wrote his page 1 posts and rested on his laurels or do you think he puts in a heck of a lot of effort before and afterwards to improve himself, always striving to learn and grow?

Davit might think VEEFX suggestion is good or might think it a waste of his time. I know very well that Davit has earned that prerogative, after all it is his thread. I simply think that anyone respectful should be treated in kind. For the record I don't think your initial response was disrespectful (perhaps a little confronting), my issue was more with another post, but I am pleased that the disrespectful part of that post was edited.
Hope for the best, prepare for the worst.
  • #18,296
  • May 6, 2018 6:27pm May 6, 2018 6:27pm
Quoting dab
I thought VEEFX was respectful in his / her post and would understand Davit is under no obligation to post what was requested. Respect in responses would be valuable in my humble opinion. VEEFX might be trying to learn / evaluate and having been on FF for over 10 years may have something to contribute.
I am surprised we have such a large following here on this thread so my apologies. It seems things are working well for most. I did not claim Dav is lying or not successful. I am just stating an absolute fact that trading performance of any system or trader simply cannot be judged by looking only at closed positions pnl. Pick any day or week or month or broker and I will give you a 90+% win rate system with a live TE WITHNOT martingale or scaling in. I have already attempted this on FF several times. PnL based on AccountBalance only gives the wrong message to wannabe traders and sucked in followers who just cannot think for themselves (Stockholm Syndrome). I know because I was one of such followers for many years.... more than half a decade.

I traded with fxcm (non-MT4) and I would feel like shit seeing such fancy balance curve in forums making me hop from system to system thinking I will come across a good one. I never did! AGAIN, I am not calling anyone a scam artist here! I care less what you guys do or follow. It is just a mere suggestion for any responsible strategy owner to do. That's all folks!
Staying in my lane...
  • #18,297
  • May 6, 2018 6:32pm May 6, 2018 6:32pm
look in not out
  • #18,298
  • May 6, 2018 7:16pm May 6, 2018 7:16pm
My 1st post of Trading Plan for the week. Will see how it works and review at the end of the week for improvements.

Basically, I would like to see some corrections on Euro which was pretty bad last week and bullish moves for AUD and NZD given the release of Australia budget and NZD rates. Will wait and see for GBP market sentiment with the release of their Bank Rate before trading pairs with GBP. Some analysts saying GBP will surprise with a hike despite poor data last month.

Happy Trading to All!
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Fortune favors the brave.
  • #18,299
  • May 6, 2018 7:26pm May 6, 2018 7:26pm
Happy trading yall make them pips.
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Happy Hunting!!!
  • #18,300
  • May 6, 2018 7:26pm May 6, 2018 7:26pm
One thing to say ...
For anyone who thinks that publishing Floating P/L somehow proves a successful trader or not ... go to post 17114 ... use your knowledge and dissect the post and you will realise that by using the strategy in this thread "Floating Loss" is irrelevant ... 2622 Pips profit in 3 days speaks for itself. Profit is the focus NOT floating loss.
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When you are successful perhaps give a thought to others ... Kiva dot org
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