Pivot Trading

Inspiring, makes me want to get another bike...been awhile

AUDNZD +420

Price going nowhere, TDI in extreme = out

NZDUSD +551

Will base trading decisions on acc to 1H and no drifting to 4H....

Entered EURCAD close to WR78 level just before news

Bit of a coin toss there wasn't it? Glad it worked out.

ED closed +321 pips All thanx to Davit
all other trades r still running...waiting for UJ to return

EURCAD part 2 +650

Not really toss. Look, SD level, TDI supporting long, TP another SD level/ 38 pivot, DO line, TDI in extreme.

This was an interesting trade where again was time playing role. It was close to 9 AM EST and TDI was still a bit down but rising. So I assumed that SD/38 pivot level will be reached by/ at 9 AM. That was the case and trade closed.

CADJPY +690

Yet another trade from pivot to pivot /SD level

I was asked to show STOP LOSS trade. I do not have hard stop loss and not stop per individual pair per se. Ditched that approach and instead watch my leverage level on "Control Center" and when I feel uncomfortable about some position I close it.

Like now EUR should have been closed 1.1870 level based on 1H SD levels, but I did not. That is why I wrote earlier, no more drifting from 1H TF.

Now need to manage it, but it looks ok as M is formed on 1H which is Gartley upside down and Long formation. Only one concern is that this is to be actually BC part of ABCD and then it is trouble.... TWT - Time will tell.....

I guess it's just opinion, but when that trade was taken (right before 830 EST), just before Canadian CPI data drop, ya it seemed to me like that was a coin toss. I haven't been studying the system as long as you, but at the close of the 30 min candle at 830 it seemed like price was dropping there had not been a tdi cross. I understand the premise of using the pivots as a place to look for resistance, but I also thought one of the tenets of the system is to wait for confirmation rather than to place the trade based on pivot support only. I'm probably wrong here, if so let me know, demonstrate to me how this system would indicate a good risk reward taking long eurcad at 815, 15 minutes before that data when (approximately around 815 am, when the original trade that I commented on presumably was initiated? I wish I had seen it!

EURJPY +590

This was another "time" based TP trade. As we approached to 10 am EST - option expiration time, I expected AB=CD to be finished, may be more - pivot.

ADR red, TDI in extreme. First minute after 10 am price moved till "D" and I closed when stalled there.

@Snail69 beat me to it . Difference is I did have did a SL which was just below the lower wick of that last bounce off the S78 level.

UJ is on the move!! Nice!!

How long are you guys holding the AZ ?

I' m already in!
renko

Joe, confirmation is convenient, but late as all indicators lag. Personally use TDI almost exclusively for timing exit. Entries and trade management are price action, fibs, harmonics, levels based when based on years of experience mentally draw price movement into future and listen to inner voice.

EURO is so weak in the market right now
EU S100 zone
EA S100 zone
hope take a U turn to upside

Hey guys, it's my first post here (I PM'd Davit few days ago to say thank you, like many others i assume). I been following this thread since January and made my first trade from this system/method in March, around 10th-ish. Since March, i have been successful, my first ever 3 consecutive months of positive return ever! One positive Quarter!

Small tidbit about me: I am a system hopper, you can read my posts, but i have always believe in fundamentals and always love to counter trade. The systems i have jumped on before are trend systems, which never suited me well. Stumbled onto this thread in January and read the FIRST PAGE COUNTLESS TIMES! Which took me 2 months to get a small grasp of weekly pivots. With 3 moths of trading i have made my money back from years and years of negatives and now my Realized P/L is positive (well since the first week of this month). And for the non-believers or haters, this isnt a 100 USD account, its 150 .

Things i have learned and will need to improve:

-Patience to get in. I get into trades too early, like when a pair touches 61 then i enter. Not smart, have to wait and see if the signal is right.
-Enter smaller positions. This could go with patience for the first one. Enter small positions so if it goes to 78 or 100, more chances or opportunity to enter again.
-Read news. If a pair blasts 100 with good news or bad, get out of position. This is explained on page one, in-fact everything i am writing is, its nothing new but i still need to grasp it better.
-Patience on holding. The worst position i had i was down 20% DD on the month, last Tues with AU. Had 1.5 lots within this trade so i was heavily leveraged. On tues was at 20% .. Then on Thurs i was up 10%!! AU was at a resistance area when it closed on the Daily, which i stayed in the trade because of it. If i blasted through 100-138, i would have got out. Also, i can not be leverage too much.

So yea, i wanted to make my first post end of this month but i just closed a few trades today that i held for a week and a half. So on a positive note i would like to say a big sincere Thank you to Davit, MrAussiefx and others who carried this thread. I read every new post and try to understand everyone's angle but truth be told, it's those who have a high impact on this thread are the ones making people see the green. I will not make much posts because i do not want to be the clutter like many others. If i have anything to add i will add it, but others have already seen what i have seen and it will be nothing new. I will most likely post again in 3 months with results and finally, thank you everyone! Also make your EXCEL sheet for news next week to try to fully understand the bigger picture!

No longer a system hopper, Weekly Pivots and 70% fits my style! Stay green!

May 14 - May 18 profit.

I'm out for the week. Long weekend here in Canada. Still working on kinks but have been profitable week after week with Davit's system. Please keep in mind that I'm trading a live account but much smaller than some of the others here. 31% profit so far this month. Follow Davit's rules, be patient and your account will grow. Green Pips everyone!!

Well done