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Pivot Trading

  • #19,021
  • May 25, 2018 9:11am May 25, 2018 9:11am
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  • #19,022
  • May 25, 2018 9:47am May 25, 2018 9:47am
Quoting belsug
EJ lost trade. Feel free to criticise. {image}
You added to a losing position. In my opinion, you could have waited for the price to go in the trade direction and once you get a strong signal from TDI, you could have added. I am still trying to get my hands around using fundamental along with technical (Pivots). I found some information on bloomberg. There is instability in Europe and seems risky to do a buy on EUR.

https://www.bloomberg.com/view/artic...er-than-brexit


Secondly, after Trump's comments regarding China talks, JPY and CHF strengthened across the board - signalling a potential "Risk Off" scenario and this means it may not be a great idea to sell JPY. To make it worse, North Korea talks with U.S. were cancelled and this could further fuel the "Risk Off" sentiment.

https://www.bloomberg.com/news/artic...e-talks-so-far

I could be wrong but sharing my 1 cent...

Hi Davit and other experts, please add your valuable comments... Thank you.
  • #19,023
  • May 25, 2018 10:12am May 25, 2018 10:12am
Been riding the NJ train all week, got off several times, back on at the next stop, Pivot Love!
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  • #19,024
  • May 25, 2018 10:32am May 25, 2018 10:32am
Quoting belsug
EJ lost trade. Feel free to criticise. {image}
Failed to look at price action (PA) on higher time frame (HTF)
  • #19,025
  • May 25, 2018 10:56am May 25, 2018 10:56am
Quoting sonseeker
Been riding the NJ train all week, got off several times, back on at the next stop, Pivot Love! {image}
It was good opportunity but my brokers not allow me enter cause of too much big spread
  • #19,026
  • May 25, 2018 11:02am May 25, 2018 11:02am
Quoting Seshwaan
{quote} I second this because I enjoy your analysis but would hate to see you get banned for not using the template
It wasn't so much Brians mistake, because I asked for it, sorry...
  • #19,027
  • May 25, 2018 4:30pm May 25, 2018 4:30pm
someone likes motorcycles, somebody else's music and guitar. I think that what it connects.there is freedom Take the cretin cards to the dustbin and be free......

happy weekend


Inserted Video
if you're doing we all have results with all
  • #19,028
  • May 25, 2018 5:21pm May 25, 2018 5:21pm
Quoting jarfx05
someone likes motorcycles, somebody else's music and guitar. I think that what it connects.there is freedom Take the cretin cards to the dustbin and be free...... happy weekend https://www.youtube.com/watch?v=L_PZFXibnE4
OH HELL YEAH!!!
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #19,029
  • May 25, 2018 8:18pm May 25, 2018 8:18pm
Quoting jarfx05
someone likes motorcycles, somebody else's music and guitar. I think that what it connects.there is freedom Take the cretin cards to the dustbin and be free...... happy weekend https://www.youtube.com/watch?v=L_PZFXibnE4
Thank you jarfx05....and this one of my favorite musical creative genius' of my latin people.

Thanks for sharing....I am going to start partying right now !

Cheers all !

John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #19,030
  • May 26, 2018 12:13am May 26, 2018 12:13am
Quoting jarfx05
someone likes motorcycles, somebody else's music and guitar. I think that what it connects.there is freedom Take the cretin cards to the dustbin and be free...... happy weekend https://www.youtube.com/watch?v=L_PZFXibnE4
Nice choice of music ...
  • #19,031
  • May 26, 2018 3:52am May 26, 2018 3:52am
italy's new premier says "we dont care about BIP or rising interest rates, we want to see smiling people".
i see massiv turbulences coming to euro in the next time, so higher volatility expecting and longs will be more risky.
trading is like dancing, don't think and just listen to the music!
  • #19,032
  • May 26, 2018 4:10am May 26, 2018 4:10am
Quoting birdland
italy's new premier says "we dont care about BIP or rising interest rates, we want to see smiling people". i see massiv turbulences coming to euro in the next time, so higher volatility expecting and longs will be more risky.
These are the movements of the individual currencies over the last year (52 weeks).

Guess what will happen next?
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  • #19,033
  • May 26, 2018 8:14am May 26, 2018 8:14am
Quoting ikdenk
{quote} These are the movements of the individual currencies over the last year (52 weeks). Guess what will happen next?{image}
Hi guys
Its important not to scared yourself and end up making wrong decisions.I have traded long enough time to experience many instances when Euro looked hopeless (Greece debt crises, riots, Ukrainian revolution and Russian interference etc) and Euro did the unexpected and gained.
Watching Mark Douglas videos should reminds you who moves price and that's dynamic traders,market makers.
Yes everything looks more bear actio0n however don't be surprised opposite happening.

My Overview outlook is USD will weaken significantly right after June 13th Fed hike which is pretty much priced in.Keep this trajectory in mind.
If you must cut losses on selling USD do it partially 25% and wait for just 13th.

My style of trading has been if you are not sure on USD focus on none USD pairs.Plenty of action there.I often find commodity pairs best predictable AUD NZD CAD against each-other.Once again its not about how many pairs but quality of the trades.You can make 1-5 badges of trades in a week and make decent return.
In trading, you have to be defensive and aggressive at the same time
  • #19,034
  • May 26, 2018 8:22am May 26, 2018 8:22am
Quoting Davit
{quote} Hi guys Its important not to scared yourself and end up making wrong decisions.I have traded long enough time to experience many instances when Euro looked hopeless (Greece debt crises, riots, Ukrainian revolution and Russian interference etc) and Euro did the unexpected and gained. Watching Mark Douglas videos should reminds you who moves price and that's dynamic traders,market makers. Yes everything looks more bear actio0n however don't be surprised opposite happening. My Overview outlook is USD will weaken significantly right after June...
No offense, but why so bearish on the USD? Especially when they are one of the fastest growing developed economy and the quickest to raise interest rate + reduce balance sheet... Twin deficit?
I look for value wherever it can be found
  • #19,035
  • May 26, 2018 8:32am May 26, 2018 8:32am
Quoting synicz
{quote} No offense, but why so bearish on the USD? Especially when they are one of the fastest growing developed economy and the quickest to raise interest rate + reduce balance sheet... Twin deficit?
USD is priced in probably 90% already.USD got sold off hard right after last rate increase.No reason to suspect its not the case this time again.
Everything has a price yes even the good news has limits.
When you have traded long enough time you most certainly experienced this.Market discounts almost everything before the fact then usually opposite happens.
Positions are dumped,profits taken which has a rubber band reaction.
In trading, you have to be defensive and aggressive at the same time
  • #19,036
  • May 26, 2018 4:43pm May 26, 2018 4:43pm
Davit,

you might not realise that the Angleator coding does not match your TDI settings of 8 and 5 periods.

You can change it in MetaEditor, line 383, 384, 385 and 386.
Change 13 to 8 and 7 to 5.

(I have also made the neutral arrow disappear by changing 232 to 32 (blank) in line 408).
  • #19,037
  • May 27, 2018 9:44am May 27, 2018 9:44am
Sorry for late sharing weekly profits.
Davit its 2nd week to start your Holly Grail methods
Alhamdulillah great Profits, Thank you Davit
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  • #19,038
  • May 27, 2018 10:10am May 27, 2018 10:10am
Quoting rockgirl
Sorry for late sharing weekly profits. Davit its 2nd week to start your Holly Grail methods Alhamdulillah great Profits, Thank you Davit {image}
You guys rock with the Davit's strategy. Trying to learn it and incorporate into my trading. But failed to download. Maybe am doing something wrong with the download
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #19,039
  • May 27, 2018 10:18am May 27, 2018 10:18am
Weekly analysis

Tuesdays 29/05/18

EUR M3 Money Supply y/y
Don't think it will be a mover.

USD CB Consumer Confidence, it is more likely to be positive.
However current rally of USD is quite extended, and it may retrace before moving higher.

Wednesday

NZD
RBNZ Financial Stability Report
RBNZ Gov Orr Speaks

Base on current NZD performance result, don't foresee there will be an interest rate change. Will the speech add strength to NZD?

NC will it continue its trend? Looking to TP then re-enter if all conditions meet.

JPY BOJ Gov Kuroda Speaks

NJ pair need to be caution, profit may turn to losses, look to take profit before the news

AUD Building Approvals m/m -2.9% vs 2.6%

EUR
German Retail Sales m/m
German Prelim CPI m/m
Spanish Flash CPI y/y

USD
ADP Non-Farm Employment Change
Prelim GDP q/q

CAD
Current Account
RMPI m/m
Prelim GDP q/q
BOC Rate Statement
Overnight Rate expectation is to remain the same.

Thursday

NZD
ANZ Business Confidence

AUD
Private Capital Expenditure q/q

GBP
Net Lending to Individuals m/m

EUR
CPI Flash Estimate y/y
Core CPI Flash Estimate y/y

CAD
GDP m/m
Crude Oil Inventories

USD
Core PCE Price Index m/m
Personal Spending m/m
Unemployment Claims
Chicago PMI

Friday

USD
FOMC Member Bostic Speaks
FOMC Member Brainard Speaks
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate
ISM Manufacturing PMI

GBP
Manufacturing PMI

Avoid major pair look at the pair like EA (dropping to a place of interest), NJ
  • #19,040
  • Edited 2:00pm May 27, 2018 1:43pm | Edited 2:00pm
Very interesting system. If you want, you can use this system to trade 28 pairs ...
Davit's Pivot 28Charts edition (for 4K monitor)

As you can see, On M15 you can see one week chart. I cut out borders, aligned the geometry of charts, but .... TDI does not fit in chart ... All charts clickable (if i click 3 times mouse bottom - chart unfolds on the whole screen) ....

^Add: I need more time for clearing template, think about HOW to cut TDI, what TF use .. (H1 or M15 ...).
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Stay hungry to be free...
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