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Pivot Trading

  • #18,961
  • May 23, 2018 2:33pm May 23, 2018 2:33pm
CJ +585 closed as it couldn't break the level previously few times on H4
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The only thing that will make us successful is if we can control ourselves!
  • #18,962
  • May 23, 2018 4:28pm May 23, 2018 4:28pm
Nice week so far.
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  • #18,965
  • May 23, 2018 6:19pm May 23, 2018 6:19pm
Quoting Nenuser
{quote} Isnt the calculation? S50 = P - {.5 * (High - Low)} where P= (H + L + C)/3 For example: High: 1.18200 Low: 1.18000 Close: 1.18100 Pivot = 1.18100 S50 = 1.18100 - (0.5 * 0.002) S50 = 1.1800
I recommend if you want to change his system you do so on your own time and without posting this stuff on his thread. I can tell you from all of my reading of his thousands of posts.....he hates it when people get on here and try to change stuff. He has been trading this way for years and has already done his due diligence and trial and error and THIS is the strategy that HE thinks is BEST. I recommend sticking to what HE wants YOU to do if you want to be a part of HIS thread. If you want to continue on being a part of this thread then I would recommend just removing your post before he sees it....LOL. Fair warning..... GL
  • #18,967
  • Edited May 24, 2018 10:22am May 23, 2018 7:53pm | Edited May 24, 2018 10:22am
Quoting bojack34
{quote} I recommend if you want to change his system you do so on your own time and without posting this stuff on his thread. I can tell you from all of my reading of his thousands of posts.....he hates it when people get on here and try to change stuff. He has been trading this way for years and has already done his due diligence and trial and error and THIS is the strategy that HE thinks is BEST. I recommend sticking to what HE wants YOU to do if you want to be a part of HIS thread. If you want to continue on being a part of this thread then I...
Hey Nenuser,

Ditto...

Go to the Post#1, then the next 10, followed by reviewing my concatenated pdf files on the Clips button above that I put together to get a larger breathe faster of his very successful strategy or Forex Leverage or "The Edge"..

But, stick with the program and do not waste your time trying to pick Davit's Pivot Trading apart.

You'll be glad you did !

Warm regards,

John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,968
  • May 23, 2018 8:29pm May 23, 2018 8:29pm
Quoting Nenuser
Is thinking discouraged here? Not trying to change anything just asking. Many of the greatest scientific innovations were due to “stupid” questions {quote}
On the contrary thinking is highly encouraged.

As far as I have seen this is your first post. You just joined FF so most likely new to this thread and most likey have not read through the thread, let alone put in the time.

Heed the couple of warnings you have had...and think if that should be your first post and should your post remain on this thread at the risk of being banned.
Invest in Life
  • #18,969
  • Edited 9:36pm May 23, 2018 9:15pm | Edited 9:36pm
Quoting Davit
Major milestone on my trading account hit 70k Jan at 40k 30k gain over 10% gain a month exceeding my expectations. This is after taking 6k for monthly mortgage payments after 2days of trading this week. I really don't care if you are skeptical I am not here to prove idiots anything.Most if not all trades are posted here! {image} {image}
Wow Davit,

Soon you WILL retire to Professional Forex Trading full-time ! Then, when you get to $ 5K a day x 200 days workdays year with two long 1 month vacations (August and December with the low Forex liquidity) with your $ 1M per year!

Anyway, that's my realistically achievable goal - thanks to you!

Cheers !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #18,970
  • May 23, 2018 9:30pm May 23, 2018 9:30pm
Quoting Nenuser
Is thinking discouraged here? Not trying to change anything just asking and exploring if they are worth something. Many of the greatest scientific innovations were due to “stupid” questions {quote}
Now let me ask 1 question : Do you think any virtual line on a system or on your screen can contain market movement? You can add any amount of noise in your chart but its useless. These pivot lines are just to give a rough idea of zones. If you are buying or selling on a supp or res line then you are completely misunderstanding the point of this system. They are just to give an idea of zones. You have to find your own edge, this system just make you psychologically ready to enter the market. That is why before asking these kind of questions or making suggestions to add more virtual lines in a system read first page and please see MARK DOUGLAS videos posted in this thread. You have made me write the basics of this system and thread. In future don't expect anyone to answer these questions?
The mind is not a book to be opened at will and examined at leisure
  • #18,971
  • May 23, 2018 10:57pm May 23, 2018 10:57pm
UJ +1047
sorry took the screen shot too close I had lots very high top
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In trading, you have to be defensive and aggressive at the same time
  • #18,972
  • May 23, 2018 11:02pm May 23, 2018 11:02pm
Quoting Nenuser
Davit, do you think that S23 and S50 might have some merit? Tried it on USD/JPY, not too bad actually. I don't know if they would add some value to your system as you see pivots as high probability areas for a retrace the further from Pivot price is. So this wont add much to that. But for profit taking they might work. After looking at quite a good amount of pairs, price indeed reacts to this levels. They may be watched by some institutions too. Will they be of any use for this system? Probably not. Could they be useful levels for another method...
I suggest you start your own thread and do as you like.

no offense but its somewhat insulting me that you actually think I have not thought about all these variables.

You are removed from here.
I have removed guys who wanted to add MA's Bollinger Bands,Volume! (hate the most) this oscillator that oscillator etc.
Point is to everyone master what is laid out here 1st when you do then you may want to change things privately on your own trading but master it 1st!
There are literally hunders of systems here at FF where 1st page is 180degree different then page 80 and 360degree at page 150 and then nobody knows what is going on.
One trader here at FF posts literally different template on each posting and he has a thread....in systems and one can't tell what exactly this guy believes or trades because each posting is different indicators and template.
If you are not happy being here please join other threads by all means and stop wasting my time.
In trading, you have to be defensive and aggressive at the same time
  • #18,973
  • May 23, 2018 11:41pm May 23, 2018 11:41pm
Quoting Davit
UJ +1047 sorry took the screen shot too close I had lots very high top {image}
Davit you are always on Top 1.
You always making good profits and help us. God Bless you
  • #18,974
  • Edited 3:13am May 24, 2018 2:15am | Edited 3:13am
EURNZD, GU nice moving (Y)
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  • #18,975
  • May 24, 2018 3:46am May 24, 2018 3:46am
EN ~100 pips. Didn`t like the structure from the left. Would buy it again.
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  • #18,976
  • May 24, 2018 3:56am May 24, 2018 3:56am
Quoting belsug
EN ~100 pips. Didn`t like the structure from the left. Would buy it again. {image}{image}
Hi belsug please follow the Davit's Rules on page #1, must use Davit template and indicators.
Thanks

Please use my template and indicators only.
This is so we are all on same page and stick with what is being shared here.
If you do post with added indicators you will be removed from this thread without warning!

If you ask me why your pivots are different then mine I am going to remove you on the spot!Explanation and solution is on this page!
  • #18,977
  • May 24, 2018 3:57am May 24, 2018 3:57am
Tried a EU from yesterday, closed some a little to early, but have one running still. trying to get familiar with this approach
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  • #18,978
  • May 24, 2018 4:03am May 24, 2018 4:03am
Thank you Davit
my 4 days result of this week, your methods and rules are very profitable for me
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  • #18,979
  • May 24, 2018 6:43am May 24, 2018 6:43am
Took another 100+ pips from the reatracement. Bearish advanced bat pattern formed after rejection from S38.


@rockgirl thanks, I think I`m okay, it`s a RN magnifier/reminder (I tend to forget about anyway) and a manually drawn support line on higher TF for a bigger picture. No lagging indicators.
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  • #18,980
  • May 24, 2018 7:56am May 24, 2018 7:56am
Hi guys, i think all of us should read books that Davit has recommended, especially Bird watching in lion country. It's really a must read book especially to understand this system
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