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Pivot Trading

  • #18,581
  • May 13, 2018 6:48am May 13, 2018 6:48am
Quoting Impenia
{quote} 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?
Hi Impenia,

I used the method from Hanover to draw TDI in indicator window:

https://www.forexfactory.com/showthr...48#post4619948

There is also a way to show the WPP as a Simple MA1 on the weekly chart:

https://www.forexfactory.com/showthr...3#post10832113

Here I would add the setting 'Shift: 1' as you use the previous week's data for current Pivot level calculation.

Michael
  • #18,582
  • Edited 7:44am May 13, 2018 7:30am | Edited 7:44am
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...
it is just like mark Douglas said in trading in the zone, when the guy was giving away money on the street,

and no one would take it. the trolls and haters are losing traders, and they cant see or understand how someone can make money trading.

because they cant do it. they so think no one can.

“perception is reality”, not what is real but what we think is real.

We live on an island surrounded by a sea of ignorance. As our island of knowledge grows, so does the shore of our ignorance. John Archibald Wheeler
  • #18,583
  • May 13, 2018 7:41am May 13, 2018 7:41am
Quoting mkuefne
{quote} Hi Impenia, I used the method from Hanover to draw TDI in indicator window: https://www.forexfactory.com/showthr...48#post4619948 There is also a way to show the WPP as a Simple MA1 on the weekly chart: https://www.forexfactory.com/showthr...3#post10832113 Here I would add the setting 'Shift: 1' as you use the previous week's data for current Pivot level calculation. Michael
Thanks mate for the help. Kindly help me look at this EURUSD chart and see if it looks anything like it should be (especially the pivot levels). Thanks once again.
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Simplicity Is The Ultimate Sophistication!
  • #18,584
  • May 13, 2018 8:07am May 13, 2018 8:07am
Hey y'all. I have only been part of this thread for about 2 weeks now. I have been trading forex for quite a while. The fact is that human society has always been full of nay sayers, haters and jealousy. Someones else's success will always bring all 3 of these out. Davit has started something here that most successful traders would only charge to share. Count your blessings. Keep them close to you. Love your family and friends. Never hold resentment against anyone. Feel sorry for the ones that just can't see past their own hatred for the successful. For it is only because of their own short comings that they struggle in life and are not happy. Lets look forward to the coming week and Happy hunting!!!!
Happy Hunting!!!
  • #18,585
  • May 13, 2018 8:09am May 13, 2018 8:09am
Quoting Impenia
{quote} Thanks mate for the help. Kindly help me look at this EURUSD chart and see if it looks anything like it should be (especially the pivot levels). Thanks once again. {image}
Looks good, these are my levels and TDI values. Slight deviations from broker to broker are normal.
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Just noticed minor deviations in your pivot levels. The 3rd digits in your 38 and 61 levels should be 38.2 and 61.8. Check the screenshot in my post above again. It does not make a big difference, of course, but if you want to mention the 3rd digits they should be correct. :-)
  • #18,586
  • May 13, 2018 10:01am May 13, 2018 10:01am
The U.S. dollar edged lower Thursday, with a key gauge of the currency’s performance versus major rivals on course for a second straight loss, after April consumer price inflation data came in weaker-than-expected.” (Marketwatch)
The Consumer Price Index rose 0.2 percent in April. The CPI had fallen 0.1 percent in March. In the 12 months through April, the CPI increased 2.5 percent, the biggest gain since February 2017 The core CPI rose 2.1 percent year-on-year in April which was the same as March’s increase. The personal consumption Index which is the Fed’s preferred inflation measure was 1.9 percent year-on-year in March and is on course to move above the 2 percent target in May.
In terms of the above... there are no shocks and the Fed will continue on a gradual rate hike path and while this is discounted the USD will remain firm as the outlook for other countries is more bearish than the market is discounting.
“The Bank of England has said the UK economy has hit a "temporary soft patch" The Bank cut its growth forecast for the year to 1.4%, down from the forecast of 1.8% made in February. However, the Bank says that cut is almost entirely due to the disruption to the economy caused by bad weather in March.” (BBC NEWS)
Of all central bankers Mark Carney is probably the worst at forward guidance on what a central bank might do: “Not for the first time, Mark Carney’s policy of guiding the markets as to what to expect has backfired.” (Guardian News)
He encouraged the markets to expect a rate hike in May (He did similar in 2017) and then back tracks. He's not just an unreliable boyfriend he's like a husband who keeps promising to take the bins out, but never quite gets round to it.
The excuse is the economy has slowed due to weather as the “Beast From The East” hit construction and kept shoppers off the high street – so what, has that got to do with things going forward?
Nothing – Carney explains he's confident that the economy will rebound in the months ahead - even though the Bank has cut its 2018 growth forecast from a moderate 1.8% to a modest 1.4%. Despite Carney's conflicting messages the conclusion we would draw from the above is:
Carney sent a bearish message to the markets but if the economy does improve and inflation rises which happens when a currency weakens a rate hike is probable for August. Our view is the GBP will stay under pressure from a strong USD but will rally on many other majors .
“The EUR/USD pair edged higher regaining the 1.1900 level on the back of softer-than-expected US inflation figures... the bullish move could extend up to the 1.2050/60 region, with gains beyond this last jeopardizing dollar's bullish trend. ” (FXSTREET)
A minor correction in a bear market in our view. The EUR could move higher but we doubt it – the correction in EUR/USD is nothing more than a correction of oversold and the big fundamentals are clearly EUR bearish.
“USD/CAD also looking very extended versus the ongoing surge in energy prices, the latest leg up in crude oil through USD70/bbl suggesting USD/CAD “should” be trading sub-1.25.” (FXSTREET)
Again we doubt it - the crude price is held up by geo political concerns and most of CAD strength in recent months has come from interest rate perceptions NOT Crude oil and interest rate differentials favour the USD.
  • #18,587
  • May 13, 2018 11:35am May 13, 2018 11:35am
Quoting mkuefne
{quote} Looks good, these are my levels and TDI values. Slight deviations from broker to broker are normal. {image} Just noticed minor deviations in your pivot levels. The 3rd digits in your 38 and 61 levels should be 38.2 and 61.8. Check the screenshot in my post above again. It does not make a big difference, of course, but if you want to mention the 3rd digits they should be correct. :-)
Thanks mate. I can see that our fib levels are close to a pip. That's understandable considering different broker data feeds. That shouldn't have any material effect on trading results. Yeah, on the 3rd digit issue, my fib values are absolutely correct as it should be, it was the description that was bungling things up (adding whatever extra digit). But I've found a way to make them appear correctly now. Thanks.
---
Just a lil heads up for other mobile users who calculate their PIVOT POINT manually, I found this android app that does the job quite well (called Pivot Calculator). Just pop in the High, Low, Close values of the last weekly candle and it spits out all the pivot levels. Our focus is on the values on right (highlighted in red) which are the fib pivot levels. The Fibo R3 figure happens to be the R100. You can calculate this manually just to confirm it's accurate. GL.
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Simplicity Is The Ultimate Sophistication!
  • #18,588
  • May 13, 2018 10:39pm May 13, 2018 10:39pm
Quoting Gmo
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...
Hi Gmo
Thanks for your insightful post.Yes I agree with you on 200SMA and used it before to gauge bias.I have no issues people using it privately but prefer when posting to use my template without MA's
regards and green pips
In trading, you have to be defensive and aggressive at the same time
  • #18,589
  • May 13, 2018 10:47pm May 13, 2018 10:47pm
Check out this bozo's post about me! Fking loser!
The fking imbeciles like this write shit without clue how I trade! Yes I do have STOP LOSS fking idiot! and FYI I am in profit in big numbers!
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In trading, you have to be defensive and aggressive at the same time
  • #18,590
  • Edited 11:36pm May 13, 2018 11:00pm | Edited 11:36pm
You know how you can tell a fking brainless imbecile how they respond to a post.
Check out simple long position and this Mfer's response!

His response is typical of morons who think they know the future for certain! Anyone with grain of intellect knows its just probability game and you can be wrong anytime hence calling someone an idiot for going long is oxymoron!
and this piece of shit has the audacity to comment about me? fking loser!
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In trading, you have to be defensive and aggressive at the same time
  • #18,591
  • May 13, 2018 11:04pm May 13, 2018 11:04pm
Quoting Davit
Check out this bozo's post about me! Fking loser! The fking imbeciles like this write shit without clue how I trade! Yes I do have STOP LOSS fking idiot! and FYI I am in profit in big numbers! {image}
And can you imagine the dipshit, uninformed, ill conceived comments that would come your way if you showed your floating losses. People would see all the entries, see 80 pips drawdown and assume you were about to bust your account. You would have to be continually explaining to each person your rationale and percentage drawdown suffered.
And why?
Because you're kind enough to share everything else about this system that makes money, and they can't be arsed reading the first post that talks about drawdown and how you calculate YOUR SL.
Am I on the money?
Come with me if you want to live....
  • #18,592
  • Edited 11:44pm May 13, 2018 11:06pm | Edited 11:44pm
Quoting Ill-b-back
{quote} And can you imagine the dipshit, uninformed, ill conceived comments that would come your way if you showed your floating losses. People would see all the entries, see 80 pips drawdown and assume you were about to bust your account. You would have to be continually explaining to each person your rationale and percentage drawdown suffered. And why? Because you're kind enough to share everything else about this system that makes money, and they can't be arsed reading the first post that talks about drawdown and how you calculate YOUR SL. Am...
Exactly FF is full of time wasters! you can tell who is who by quality of trading and posts!
Not going to open everything here if anything I already shared too much!
and shit fly is attracted to shit
heispark
This guy posts that I am scalping and after I explained 50pips + trades are swing trading NOT scalping then comes back accuses another poster trading TMS and Mr AussiFX explained not the case then this bozo comes back posting I allow 20-30% DD all these inquires and this idiot does not even trade pivots!!!
Really? It looks like this guy had one track mind and bent on misreading and deliberately or naturally BEING AN IDIOT.
such is realty at FF
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In trading, you have to be defensive and aggressive at the same time
  • #18,593
  • May 13, 2018 11:12pm May 13, 2018 11:12pm
Quoting Davit
{quote} Exactly FF is full of time wasters! you can tell who is who by quality of trading and posts! Not going to open everything here if anything I already shared too much!
Personally, I wouldn't have and don't, share so much about how I trade. I am amazed you do and that you devote so much time here.
What time is it for you now?
Come with me if you want to live....
  • #18,594
  • May 13, 2018 11:17pm May 13, 2018 11:17pm
Quoting Ill-b-back
{quote} Personally, I wouldn't have and don't, share so much about how I trade. I am amazed you do and that you devote so much time here. What time is it for you now?
12.17am night
Yes perhaps I have shared too much...
In trading, you have to be defensive and aggressive at the same time
  • #18,595
  • May 13, 2018 11:23pm May 13, 2018 11:23pm
Quoting bojack34
{quote} To Davit and/or MrAussieFX, I am still currently in process of reading the thread and taking notes. I have posted some of my notes on the thread before but since Davit doesn't like spoon feeding I have not posted anymore since. "I have tons". This is my first official question on the thread since I am trying to learn on my own and not disrupt the thread by asking obvious questions that I can find out on my own. This how ever hasn't been 100% explained. I know that Davit doesn't use a Hard Stop he decides how much % he wants to risk on a...
Hi Davit, if you have time do you think you could tell me if I'm on the right track on how to figure out my SL based on the dollar amount and risk % I want to put in play and also keeping Key Levels in mind at the same time. I'm sure there are different ways to approach this but since I'm new to the strategy and I'm still in the learning/research process I figured I would at least see if my thought process was correct or not. Thanks for sharing everything with us, and devoting sooo much time helping others. I hope your feeling better today.......keeping you and your brother in my nightly prayers! TY Davit!
  • #18,596
  • May 13, 2018 11:26pm May 13, 2018 11:26pm
Quoting bojack34
{quote} Hi Davit, if you have time do you think you could tell me if I'm on the right track on how to figure out my SL based on the dollar amount and risk % I want to put in play and also keeping Key Levels in mind at the same time. I'm sure there are different ways to approach this but since I'm new to the strategy and I'm still in the learning/research process I figured I would at least see if my thought process was correct or not. Thanks for sharing everything with us, and devoting sooo much time helping others. I hope your feeling better today.......keeping...
I'll get back to you later just not in the right frame of mine drinking now and little pissed off
In trading, you have to be defensive and aggressive at the same time
  • #18,597
  • May 13, 2018 11:27pm May 13, 2018 11:27pm
Quoting Davit
{quote} I'll get back to you later just not in the right frame of mine drinking now and little pissed off
No worries. I appreciate it. Have a drink for me while your at it. Thanks a lot!
  • #18,598
  • May 13, 2018 11:29pm May 13, 2018 11:29pm
Quoting Davit
{quote} 12.17am night Yes perhaps I have shared too much...
People then expect more.

If you had run your thread like others do and just gave bits and pieces and there was only a small following, no one would care.
But you have been generous and sincere in helping others succeed and have the most successful thread on FF as a result. Some people can't handle it and just lose it.
Anyway, I got to go, have a good rest of the week Davit.
Come with me if you want to live....
  • #18,599
  • May 13, 2018 11:43pm May 13, 2018 11:43pm
Quoting Davit
{quote} I'll get back to you later just not in the right frame of mine drinking now and little pissed off
Enjoy!
We obey the structure that results from the market's reaction
  • #18,600
  • May 14, 2018 12:06am May 14, 2018 12:06am
Quoting dogdays713
{quote} I am sorry, but people will always find something to bitch about, you cant please every one. assholes are going to be assholes
Amen!
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