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Pivot Trading

  • #19,241
  • May 31, 2018 9:54am May 31, 2018 9:54am
Closed EU L +621 an GU L +225. Will re-enter when see a bounce
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The only thing that will make us successful is if we can control ourselves!
  • #19,242
  • May 31, 2018 9:56am May 31, 2018 9:56am
Quoting liquidice
{quote} Hopefully you reach your goal, it might affect your trading psychology for just depending on one source of income rather than two, but I believe you can overcome those obstacle.
Trading psychology has been a part of this method since day one...hence the mention of the need to read various books.

I understand your concern but I believe that if one works all three components Method, Mindset, Money Management like Davit has one can trade under any condition because we trade according to the plan not outside influences like amateurs do.

And that is the beauty of this thread that Davit not only teaches us how to do it...but we are seeing it unfold in his life. And we know that if he can do it...we can too.
Invest in Life
  • #19,243
  • May 31, 2018 10:05am May 31, 2018 10:05am
Quoting Davit
EJ may test S61 another opertunity to long in my view {image}
results few hrs later. This is basically signal service...don't expect it but look for set ups like this.If I can spot it you should as well.
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In trading, you have to be defensive and aggressive at the same time
  • #19,244
  • May 31, 2018 10:13am May 31, 2018 10:13am
Quoting kosmo
{quote} DOs spoiling the party. Out. {image}

What is DO?
  • #19,245
  • May 31, 2018 10:16am May 31, 2018 10:16am
Quoting Botan626
{quote} What is DO?
Daily Open
mind over matter
  • #19,246
  • May 31, 2018 10:17am May 31, 2018 10:17am
Quoting renkotop
{quote} @Davit: Why are you a USD seller?
Have a look.

Cheers
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Plan your trade and Trade your plan.
  • #19,247
  • May 31, 2018 10:23am May 31, 2018 10:23am
Quoting Opayq
{quote} Have a look. Cheers {image} {image}
and already mentioned too many times about priced in the rate...
In trading, you have to be defensive and aggressive at the same time
  • #19,248
  • May 31, 2018 10:30am May 31, 2018 10:30am
Closed EJ +595

Final equity chart for the month.Finished strong!
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In trading, you have to be defensive and aggressive at the same time
  • #19,249
  • May 31, 2018 10:34am May 31, 2018 10:34am
Great work Davit,
Thank you for sharing your system!
whether you think you can or can't either way you are right
  • #19,250
  • May 31, 2018 10:51am May 31, 2018 10:51am
Quoting Davit
Closed EJ +595 Final equity chart for the month.Finished strong! {image}
Davit i respect u so much. To share this magnifique results with us. 85% winrate... gee respect .
Lot to learn for me but with a teacher like u i will made it soon!
Thanks, thanks, thanks.
  • #19,251
  • May 31, 2018 10:58am May 31, 2018 10:58am
Quoting emiel2303
{quote} Davit i respect u so much. To share this magnifique results with us. 85% winrate... gee respect . Lot to learn for me but with a teacher like u i will made it soon! Thanks, thanks, thanks.
Thanks you
you and Joyride joined FF 2011 year earlier then myself and I am sure you got plenty of experience to take this easily.
This system is ideal for seasoned traders.You can focus on what matters.
good luck
In trading, you have to be defensive and aggressive at the same time
  • #19,252
  • May 31, 2018 11:39am May 31, 2018 11:39am
Quoting Davit
Power of trading this system and compounding it.I still took out 6k to pay mortgage etc and still hit amazing results even to myself. I started the year with 40k and I am 1 month ahead of the curve which means I am hitting more then 10% on average a month {image}
No doubt you achieve this

Have you thought, will you continue trading with the 100K account then or maybe split it half and leave 50K on a separate account for any occasion?
  • #19,253
  • May 31, 2018 11:43am May 31, 2018 11:43am
Quoting Davit
{quote} results few hrs later. This is basically signal service...don't expect it but look for set ups like this.If I can spot it you should as well. {image}
Hello Davit,
I have just joined this group and I must say very good system.
I have taken a few trades and I am very happy with the outcome.
Still not too clear on the different support and resistance zones being used. I have seen a few members with post showing different zones.
To reference my charts, I am using the information here https://www.actionforex.com/markets/...-pivot-points/.

I notice about a 30pips difference between your charts and mine for EJ.
Are you using the same source for reference?

Thanks very much
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I am so out of date that I have not yet caught the Millennium Bug.
  • #19,254
  • May 31, 2018 11:59am May 31, 2018 11:59am
Quoting bubincka
AN is approaching S200... maybe worth some attention. I'm reading this great thread only since few days, still studying the charts and learning, far behind in reading the thread (34/962). Thank you Davit for this great gift! Bubincka {image}
Hey please take a look at your pivots it looks not right
https://www.investing.com/technical/...ints-fibonacci (select weekly)
on my chart AN dropped only to S100-S138
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  • #19,255
  • May 31, 2018 12:02pm May 31, 2018 12:02pm
Quoting mkpkelly
{quote} Hello Davit, I have just joined this group and I must say very good system. I have taken a few trades and I am very happy with the outcome. Still not too clear on the different support and resistance zones being used. I have seen a few members with post showing different zones. To reference my charts, I am using the information here https://www.actionforex.com/markets/...-pivot-points/. I notice about a 30pips difference between your charts and mine for EJ. Are you using the same source for reference? Thanks...
I'm answering to this myself in hope you won't be banned because you haven't read the thread.
Look at my chart, it differs also with Davit's, even though my pivot levels match to every forex page's pivot levels. I've noticed that mostly JPY crosses are different. But it doesn't matter. These levels are zones (been mentioned 1000 times here). Like Davit has said - pivots are like a map. They show where price currently is in this week, under WP or above. If price moves away from WP it has potential to come back to it and so on (read at least page 1). Anything else from here is forex 101. I even made some marks on chart to make it easier to notice. What I wanted to say is, there are so much more in trading than just waiting some pivot level getting hit.
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  • #19,256
  • May 31, 2018 12:40pm May 31, 2018 12:40pm
Quoting 1pipperhour
{quote} I'm answering to this myself in hope you won't be banned because you haven't read the thread. Look at my chart, it differs also with Davit's, even though my pivot levels match to every forex page's pivot levels. I've noticed that mostly JPY crosses are different. But it doesn't matter. These levels are zones (been mentioned 1000 times here). Like Davit has said - pivots are like a map. They show where price currently is in this week, under WP or above. If price moves away from WP it has potential to come back to it and so on (read at least...
Thanks for your response.
I am so out of date that I have not yet caught the Millennium Bug.
  • #19,257
  • Edited 2:50pm May 31, 2018 12:46pm | Edited 2:50pm
Quoting mkpkelly
{quote} Thanks for your response.
Pivot Points.

The mathematical calculation of various support and resistance levels.
Based on the high, the low and the closing prices of the previous period.

PP VALUES WILL BE DIFFERENT ACROSS BROKERS.


Calculation:
Daily PPs are usually calculated based on the New York closing time, i.e. 16.00 EST (22.00 CEST).

Fibonacci PPs: Fibonacci Pivot Points are an extension of the standard PPs where Fibonacci multiples of the high-low differential are considered to form various support (S) and resistance (R) levels. You can calculate the Fibonacci PPs in the following way:

 

  1. Pivot Point (PP) = (High + Low + Close)/3
  2. Support 1 (S1) = P - {.382 * (High - Low)}
  3. Support 2 (S2) = P - {.618 * (High - Low)}
  4. Support 3 (S3) = P - {1 * (High - Low)}
  5. Resistance 1 (R1) = P + {.382 * (High - Low)}
  6. Resistance 2 (R2) = P + {.618 * (High - Low)}
  7. Resistance 3 (R3) = P + {1 * (High - Low)


Concluding Remarks
Contrary to the popular perception, pivot points don’t only calculate various support and resistance levels, but also offer some valuable trading strategies.

Plan your trade and Trade your plan.
  • #19,258
  • May 31, 2018 1:56pm May 31, 2018 1:56pm
Quoting Davit
One famous trader from TMS who really dislikes me mentioned few days ego "Pivot trading nothing special it exited over 20yrs" paraphrasing it and has links for generic pivot methods. What's idiotic about this logic is saying Pivots are not new and so what? I never claimed Pivots are new!!!In fact its older then 20yrs 1st users were Jesse Livermore century ego.This is same as saying moving averages nothing new and there are thousands of methods based upon them...and out of thousands I am sure some are brilliant and its given MA's are not unique by...
Forgive me for jumping in. I'm a lurker.

Davit, it's because they're crap traders. Anyone who doesn't understand the full spectrum of market participants including the various trade setups, doesn't have a clue on how the market works. Sure, they can finalize their own trade setup, but they'll lose their shorts when it quits working and blame it on something else.

And I'm not an expert, but I see this a lot and talk to traders less and less because of it. The problem is: They simply don't believe. It takes a ton of work and dedication and discipline such as you display on this thread, but ain't nobody gonna touch that stuff if they don't believe.

Maybe that trader has a robust setup and he/she is making money, but the truth is - without a wider perspective of the market and its participants and acceptance of this reality, they'll lose their ability to trade when the setup fails.

Btw, this puts you in the elite of the elite. It's hard to stay there. Don't quit believing.

just my 2cents of philosophical crud

I'm not a professional, but everything about trading.

Stay green ya'll.
  • #19,259
  • May 31, 2018 3:37pm May 31, 2018 3:37pm
Quoting Davit
{quote} Thanks you you and Joyride joined FF 2011 year earlier then myself and I am sure you got plenty of experience to take this easily. This system is ideal for seasoned traders.You can focus on what matters. good luck

Please Davit, how can i get this amazing system. I need your help for it. Thank you
chiibeji
  • #19,260
  • May 31, 2018 4:16pm May 31, 2018 4:16pm
Another one bites the dust
And another one gone, and another one gone

Inserted Video


Have a great weekend everyone!

Cheers
Plan your trade and Trade your plan.
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