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Pivot Trading

  • #18,561
  • May 12, 2018 1:36am May 12, 2018 1:36am
Quoting mkuefne
{quote} Hi griffinssoul, based on your method I was able to add the weekly fibo levels on the UC chart of my MT4 mobile trading platform with very small effort. I also used Hanovers approach to draw the 2 important TDI lines in the indicator window as suggested by you a few posts earlier. Looks good! I want to thank you for your great contributions on making Davits system easier to use for us mobile dudes. You are my hero! :-) Enjoy the weekend, Michael {image}
Hi, can you teach me step by step how to set up on mobile MT4 the same as your one? thanks for your help!
  • #18,562
  • May 12, 2018 2:38am May 12, 2018 2:38am
Weekly FF calendar Analysis

Tuesdays 15/05/18

AUD Monetary Policy Meeting Minutes

Base on Annual budget release SCOTT Morrison has focused on tax relief, creating jobs, and hospital funding in his Budget speech. As such, i believe interest rate may remain relatively flat. However is any sign of interest rate hike will cause AUD to further strength.

Maintain AU and AC long

Full of news for EUR, GBP and USD

EUR
German Prelim GDP q/q 0.4% vs 0.6%
Flash GDP q/q
German ZEW Economic Sentiment

GBP
Average Earnings Index 3m/y
Claimant Count Change
Unemployment Rate
Inflation Report Hearings

USD
Core Retail Sales m/m 0.5% vs 0.2%
Retail Sales m/m
Empire State Manufacturing Index
Mortgage Delinquencies

Avoid major pair such as EU, UJ, GU and EG.
https://www.forexcrunch.com/forex-we...dollar-peaked/

Can take note of EN pair, if EUR GDP is negative as per forecast it will go further south till wed NZD annual budget and I believe it will give Nzd some strength as it had been beaten for a long time. Of course, anything could happen.

Wednesday

JPY Prelim GDP q/q 0% vs 0.4%

Key avoid UJ pair

AUD Wage Price Index q/q, except to remain the same. may not be a mover news

EUD
Final CPI y/y
ECB President Draghi Speaks

CAD
Manufacturing Sales m/m

USD
Building Permits
FOMC Member Bostic Speaks
Housing Starts
Capacity Utilization Rate
Industrial Production m/m

View maintain the same as of Tuesdays

Thursday

CAD
Gov Council Member Schembri Speaks

AUD
Employment Change
Unemployment Rate

NZD
Annual Budget Release

USD
Philly Fed Manufacturing Index
Unemployment Claims

AN price had reached critical price region of 1.082 strong structure. If AU result is slightly negative or same and NZD is hawkish AN will goes south. From the chart, it has a lot of room to drop.

NC is another pair to look out for.

Friday

Major news for CAD
CPI m/m
Core Retail Sales m/m
Common CPI y/y
Median CPI y/y
Retail Sales m/m
Trimmed CPI y/y

On this day is to look at AC and NC performance whether to take profit before the news if any or to hold (depend on how the price move).

Sometimes I realize that the MM seems to know the result before it is released, eg. i will push UC further north before the news release then spike down after news when the data printed positive.
  • #18,563
  • May 12, 2018 3:17am May 12, 2018 3:17am
Quoting mkuefne
{quote} Hi griffinssoul, based on your method I was able to add the weekly fibo levels on the UC chart of my MT4 mobile trading platform with very small effort. I also used Hanovers approach to draw the 2 important TDI lines in the indicator window as suggested by you a few posts earlier. Looks good! I want to thank you for your great contributions on making Davits system easier to use for us mobile dudes. You are my hero! :-) Enjoy the weekend, Michael {image}
tradingview app consist of both pivots and tdi. Only 78 zone isnt the part of pivot lines. You can see automatically each pair with these tools.
  • #18,564
  • May 12, 2018 4:40am May 12, 2018 4:40am
Quoting Davit
Hi guys Posting from LA.My brother's situation is not good and I came down with inflamed gums due to stress and I am on antibiotics.Flying back to Boston tonight and will trade next week. I read many BS and strange posts guys demanding that I share my Floating PL and their contribution to this thread is ZERO~!! I have my reasons why I don't share my stats fully or post live TE and be glad that I shared here as much as I have with no charge to you a system that to intelligent person is a goldmine!I have pages and pages of PM's guys thanking me and...
God Bless you and your Brother, Get well soon
  • #18,565
  • May 12, 2018 5:27am May 12, 2018 5:27am
Quoting FXgunner1969
{quote} Hi, can you teach me step by step how to set up on mobile MT4 the same as your one? thanks for your help!
Sure!

1. Calculate Weekly Pivot Point WPP = (H+L+C)/3 and R100 = WPP+H-L using high, low and close price from the latest completed weekly candle. Write down both prices on a piece of paper.

2. Select the 'Objects' Tool in MT4 Mobile App by clicking on the separation line between chart window and indicator window and select the orange marked symbol.
Attached Image (click to enlarge)
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3. In the Objects window select '+' in the top right corner.

4. In the next window chose 'fibonacci lines'.
Attached Image (click to enlarge)
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5. You will be brought back to the chart window. Drag a line there with your thumb from R100 to WPP.

6. As you will not be able to draw the fibonacci grid at the exact price levels, open the objects menu again, select the just drawn fibonacci object and adjust the R100/WPP prices as calculated in the first step (chosen dates do not matter). Don't forget to check both boxes (left/right extension) and rename the fibonacci object, for example 'GBPCAD fibo levels CW20'.

7. Stay in the same window, go to the bottom and select 'Noveaus'. Adopt the fibo levels in accordance with Davits levels.
Attached Image (click to enlarge)
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8. The result for our GBPCAD example in CW20 should look like this (WPP at around 1.7372 and R100 at around 1.7716).
Attached Image (click to enlarge)
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  • #18,566
  • May 12, 2018 6:59am May 12, 2018 6:59am
Monday - probably lazy, boring day..

Tuesday - GBP Average Earning Index 3m/y - expecting red data so maybe more down GBP 2.7 % / 2.8%
GBP Inflation Report Hearings
USD Core Retail Sales m/m - mixed data coming... if red both then maybe correction on USD will start (sell USD) 0.5% / 0.2%
USD Retail Sales m/m 0.4% / 0.6%

Wednesday - AUD Wage Price Index - If green then UP. if red then goes down and wait for some S61-100 zones to look for buy 0.6% / 0.6%
EUR - ECB President Draghi Speaks - expect the same, nothing new... he speech last friday.. didnt said much so looking for (EU buy)
USD Building Permits - If red data then continue sell off dollar. 1.35M / 1.35M
USD/CAD - Crude Oil Inventories -2.2M
CHF - SNB Chairman Jordan Speaks - I expect some positive for CHF. ( i know you guys dont trade CHF but some of you yes. (I have still shorts on USDCHF and CADCHF)

Thursday - AUD Employment Change - Maybe at the end of the week AUD will shoot up after positive news? 20.3K expected / 4.9K
This week can be very good for AUD!
AUD Unemployment Rate 5.5% / 5.5%

Friday - CAD - CPI m/m 0.3%
CAD - Core Retail Sales m / m 0.0%
( I avoid USDCAD this week )
  • #18,567
  • May 12, 2018 11:17am May 12, 2018 11:17am
News Calendar Week 20 of 2018

Monday-Tuesday
Attached Image (click to enlarge)
Click to Enlarge Name: Calendar Monday-Tuesday week 20 of 2018.png Size: 126 KB


Wednesday-Thursday
Attached Image (click to enlarge)
Click to Enlarge Name: Calendar Wednesday-Thursday week 20 of 2018.png Size: 154 KB


Friday
Attached Image (click to enlarge)
Click to Enlarge Name: Calendar Friday week 20 of 2018.png Size: 63 KB


Best regards
  • #18,568
  • May 12, 2018 12:44pm May 12, 2018 12:44pm
Quoting Davit
Hi guys Posting from LA.My brother's situation is not good and I came down with inflamed gums due to stress and I am on antibiotics.Flying back to Boston tonight and will trade next week. I read many BS and strange posts guys demanding that I share my Floating PL and their contribution to this thread is ZERO~!! I have my reasons why I don't share my stats fully or post live TE and be glad that I shared here as much as I have with no charge to you a system that to intelligent person is a goldmine!I have pages and pages of PM's guys thanking me and...
Totally true Davit, that's just how people are,

When you give them nothing in the first place and they asking for something but you said no, it's ok.

but ...

when you start giving them something in the first place and they ask for something more and you said no, suddenly you are the bad guy.

Take it or leave it guys.
  • #18,569
  • May 12, 2018 1:05pm May 12, 2018 1:05pm
Quoting MrAussieFX
Following on my post#18,496 here EURCAD buy trade (11-05-2018) approx. +990 points A friend asked me the following question. I thought I will share here as it was my personal thought on how I'm going to approach this EURCAD buy trade. {image} My reply is shown below {image} So eventually the retest of S100 happened, TDI was as per the requirements and Anglelator was good to go {image} So 8 hrs later and a bit of babysitting the trade, the results are shown below {image}...
Very nice watching the video .. Thank you MrAussieFX
  • #18,570
  • Edited 12:59am May 13, 2018 12:40am | Edited 12:59am
Hi Guys
Its becoming pathetic that some people just can't stop attacking me,demanding disclosures and yet don't even trade my system.
Accusing me of fabricating illnesses family issues...and this last part got me scratching my head....how pathetic even this line of thinking.
Last year when my younger son almost died from lung collapse and I and my family went some painful experiences which I don't wish on anyone and that month July I did not do well in trading.My head was not on it and I had one demeaning nasty individual accusing me same fabricating my son's illness and basically out of cheer anger I posted my son on hospital bed tubes going out of him...still this fool SOB could not and would not stop and now we got another wave of same deranged idiots accusing me again about my brother illness....so sad pathetic that these guys resort such low level behavior that even shit-fly would not do.

Le me say this again.

Everyone has a free choice!If you are not making profit from my system please STOP and leave Now! and if you are making good profit then ignore the idiots and carry on!
In trading, you have to be defensive and aggressive at the same time
  • #18,571
  • May 13, 2018 1:04am May 13, 2018 1:04am
Quoting Davit
Hi Guys Its becoming pathetic that some people just can't stop attacking me,demanding disclosures and yet don't even trade my system. Accusing me of fabricating illnesses family issues...and this last part got me scratching my head....how pathetic even this line of thinking. Last year when my younger son almost died from lung collapse and I and my family went some painful experiences which I don't wish on anyone and that month July I did not do well in trading.My head was not on it and I had one demeaning nasty individual accusing me same fabricating...
Precisely, your argument couldn't be simpler or more logical.
Jea(lousy) brings about derangement Davit, that's why it's a curse...
Come with me if you want to live....
  • #18,572
  • May 13, 2018 1:28am May 13, 2018 1:28am
Quoting Davit
{quote} talk about derangement check this guy out totally went nuts shouts on his own profile.He was kicked out of here for being total idiot a jerk. VEEFX https://www.forexfactory.com/veefx
OMG, precisely.
he accuses pivot traders in here of needing emotional support, while he repeatedly shouts on his own profile.

Too funny
.
Come with me if you want to live....
  • #18,573
  • May 13, 2018 1:45am May 13, 2018 1:45am
Quoting Davit
Hi Guys Its becoming pathetic that some people just can't stop attacking me,demanding disclosures and yet don't even trade my system. Accusing me of fabricating illnesses family issues...and this last part got me scratching my head....how pathetic even this line of thinking. Last year when my younger son almost died from lung collapse and I and my family went some painful experiences which I don't wish on anyone and that month July I did not do well in trading.My head was not on it and I had one demeaning nasty individual accusing me same fabricating...
Why some people go to successful threads on FF and try to ruin it?

1. They are afraid/scared of the success of the thread.
2. They may have spent thousands of dollars on courses, indicators, EA's etc. and can't digest how something that is simple and working for others is being provided free of charge.
3. They are stubborn to adapt to the changes in their trading and can't let go of the indicators, EA's etc.
4. They are looking for a get rich quick scheme in forex and lagging patience to even try Pivot trading or any successful system for a month.
5. They are looking for attention because of the massive viewing of the successful threads.
6. Their ego is bigger than anything and they have never heard a word called "Apology"

To all the members and especially to Davit, Chin up guys, ignore the negativity keep doing what is working and success will be yours.

Even the best and most valuable thread "Ratios & Harmonics: a Different Way to Trade" got targeted by an individual last month.

Attached Image (click to enlarge)
Click to Enlarge Name: Ratios Harmonics a Different Way to Trade Page 1988 Forex Factory.png Size: 103 KB


Kindest regards
  • #18,574
  • May 13, 2018 1:57am May 13, 2018 1:57am
Quoting Davit
Hi Guys Its becoming pathetic that some people just can't stop attacking me,demanding disclosures and yet don't even trade my system. Accusing me of fabricating illnesses family issues...and this last part got me scratching my head....how pathetic even this line of thinking. Last year when my younger son almost died from lung collapse and I and my family went some painful experiences which I don't wish on anyone and that month July I did not do well in trading.My head was not on it and I had one demeaning nasty individual accusing me same fabricating...

hi

huhu has always jalousie I understand those time with your family problems and last you do not need some idiot make some bad comments just blocked all of them they have no respect and not gratitude you did offer a free winning system or some are too lazy to learn to take care
  • #18,575
  • May 13, 2018 4:02am May 13, 2018 4:02am
Quoting mkuefne
{quote} Sure! 1. Calculate Weekly Pivot Point WPP = (H+L+C)/3 and R100 = WPP+H-L using high, low and close price from the latest completed weekly candle. Write down both prices on a piece of paper. 2. Select the 'Objects' Tool in MT4 Mobile App by clicking on the separation line between chart window and indicator window and select the orange marked symbol. {image} 3. In the Objects window select '+' in the top right corner. 4. In the next window chose 'fibonacci lines'. {image} 5. You will be brought back to the chart window. Drag a line there with...
Brilliant stuff, mate. Very much appreciated.
---
Been following the thread for about 2 months now, but have never really traded the strategy. Reason being that I trade almost exclusively with mobile, and up till now had no idea how to setup my charts with fib pivot and TDI. So, this is such a happy relief.
---
In the same spirit, do you mind sharing how you setup your sub-window to show TDI (or simply point me to any post that talks about it)? And how did you get the different levels?
Simplicity Is The Ultimate Sophistication!
  • #18,576
  • Edited 4:35pm May 13, 2018 4:10am | Edited 4:35pm
@Davit ... in my opinion ... neither I or anyone has the right to demand anything of anyone ...
Davit this is your thread, repeat THIS IS YOUR THREAD ... it belongs to no-one else but you!
You do not have to prove anything to anybody in this world ... SIMPLE!
If someone comes here and makes ANY remarks that you don't like - suggestion is ... block/ban them INSTANTLY (is your time here on earth is more precious to you than their time) block them ... and please if I do it, this also includes me!
You have nothing to prove to anyone ... as long as you are at peace with yourself then that is the end of the story ...
Try not to let the "others" get inside your head ... I am considerably older than you (I think) and I have a great deal of life experiences to call upon where people try to knock you down through jealousy or for whatever reason ... who cares ... really ... I don't ... but I do care about how it affects the "good" people here.
Some one once said to me ... "If you were told you had a month to live would you really be spending your time caring what these people say" ... I think not ...
Take care Davit and please do what is best for you ...
When you are successful perhaps give a thought to others ... Kiva dot org
  • #18,577
  • May 13, 2018 5:55am May 13, 2018 5:55am
Quoting KosaNostra
Monday - probably lazy, boring day.. Tuesday - GBP Average Earning Index 3m/y - expecting red data so maybe more down GBP 2.7 % / 2.8% GBP Inflation Report Hearings USD Core Retail Sales m/m - mixed data coming... if red both then maybe correction on USD will start (sell USD) 0.5% / 0.2% USD Retail Sales m/m 0.4% / 0.6% Wednesday - AUD Wage Price Index - If green then UP. if red then goes down and wait for some S61-100 zones to look for buy 0.6% / 0.6% EUR - ECB President Draghi Speaks - expect the same, nothing new... he speech last friday.. didnt...
Thanks , valuable information for me
I Have Learned to Take Some Losses to Make Profits
  • #18,578
  • May 13, 2018 5:56am May 13, 2018 5:56am
so far my observation is the most successful threads here on ff has the most haters...as in live
just see it as a compliment;-)
trading is like dancing, don't think and just listen to the music!
  • #18,579
  • May 13, 2018 6:03am May 13, 2018 6:03am
Davit,
I feel for you and your family scene. I trust all will be well.
For several years, I was an Institutional/Fund Trader with another FF name for a number of years. Like you, there were the "naysayers".

Let us please refocus on Davit Pivot Trading.

Last week, Mr. AussieFX contributed brilliantly to your Forum. Thank you.
I have some cautionary notes that may benefit your members.
As advice, Davit Pivot Traders may increase their win/loss ratio by instituting a simple moving average. Probability is increased when likely confirmation with Pivot Levels is evident using higher TF, 4H (WK Pivot) and Daily (MN Pivot). Please look at Weekly and Monthly too.
Institutional traders watch the 200 SMA and less so 100 SMA. Spend some time looking at charts on different Time Frames to view these SMA's. You may be surprised!

Mr AussieFX gave a great example in EURCAD where the probability was more in your favor than many may have realized. He also stated that there was often a retest of S100 which did occur. Another opportunity to go Long. However, look on the Daily to see the 200 SMA coincident with Daily S100 and S100 on H1, H4. On the Daily a great candle reversal too, a further confirmation! On H1, professional traders call the short plunge south a "head fake" but really testing the Daily 200 SMA.
Please Davit Pivot Traders, as you have stated Davit when using Daily charts use the Monthly Pivot not Weekly.
Last week, there were many other similar opportunities too!
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD H1.jpg Size: 86 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Daily.jpg Size: 95 KB
  • #18,580
  • May 13, 2018 6:29am May 13, 2018 6:29am
A reminder to my own self.... "The Jealous One Is Always Sick, Even When His Body Is Healthy" - Ali
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