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Pivot Trading

  • #19,381
  • Jun 2, 2018 9:59pm Jun 2, 2018 9:59pm
Armenian Kochari Multicultural Epic Wedding Dance Entrance - Talin & Mesrop
we know how to party

Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #19,382
  • Jun 2, 2018 11:16pm Jun 2, 2018 11:16pm
I am having trouble with the Pivot_VOTY-2 ALERT indi, it is not lining up with the original pivot lines and I like being able to see the past few weeks worth of S/R.

Below is a screenshot of Pivot_VOTY-2 ALERT ( the lines with prices) and Davits Pivot V3.2 Auto (lines going all the way to price line). As you can see Pivot_VOTY-2 ALERT is like 14 pips off!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2018-06-03 09-42-01.png Size: 47 KB
  • #19,383
  • Jun 3, 2018 4:09am Jun 3, 2018 4:09am
Hi theone964.

Maybe its a setting or slighty different formula. However i use pivot Voty and no problems so far. What i do is check here the Pivots
https://www.dailyfx.com/pivot-points?ref=SubNav. Another important thing should be that you indicat uses the right marketopening time on monday.

Hope that helps a bit.


Greets.
Newbies be warned of emmanuel7788. Hes not true.
  • #19,384
  • Jun 3, 2018 5:13am Jun 3, 2018 5:13am
Quoting Malony
Hi theone964. Maybe its a setting or slighty different formula. However i use pivot Voty and no problems so far. What i do is check here the Pivots https://www.dailyfx.com/pivot-points?ref=SubNav. Another important thing should be that you indicat uses the right marketopening time on monday. Hope that helps a bit. Greets.
DailyFX does not appear to show Fibonacci Pivot Levels

Try this link

https://www.investing.com/technical/...ints-fibonacci

Or

https://www.actionforex.com/markets/...-pivot-points/
  • #19,385
  • Jun 3, 2018 5:41am Jun 3, 2018 5:41am
Quoting synicz
{quote} Wow Davit, you seem to be rather bullish on gbp. Why tho? Oversold? It seems that BoE were caught in kind of a catch-22 situation due to inflationary effects of their currency devaluation. Not to mention brexit negotiations are going nowhere at the moment. Their level of productivity are also one of the slowest in developed nations as measured by GDP.
Most of the poor Q1 economic data from UK has been possibly due to the adverse weather conditions in the UK earlier in the year. The BOE Governor even noted this fact in one of the bank's Monetary Policy Report, emphasising that the underlying fundamentals is still strong and that the Bank still maintains its strong outlook on the economy.
---
The economic data coming out of the UK in the last 2 weeks have been largely positive, which might confirm the fact that the Q1 data was just a special case. Last Friday's PMI also came in stronger than expected.
---
I am beginning to lean towards a bullish bias for GBP.
Simplicity Is The Ultimate Sophistication!
  • #19,386
  • Jun 3, 2018 9:43am Jun 3, 2018 9:43am
Quoting theone964
I am having trouble with the Pivot_VOTY-2 ALERT indi, it is not lining up with the original pivot lines and I like being able to see the past few weeks worth of S/R. Below is a screenshot of Pivot_VOTY-2 ALERT ( the lines with prices) and Davits Pivot V3.2 Auto (lines going all the way to price line). As you can see Pivot_VOTY-2 ALERT is like 14 pips off! {image}
14pips off is nothing.If you know what you are doing matters not.You should see SR's even without pivots.Past weeks pivots are mostly irrelevant.
Try learning this system without adding more crap.
Your performance has much to do with your trading psychology then on a system.

If I read one more remark about your pivots I am going to remove you and its on my 1st page!

Here is past pivots

and my chart without all the confusing pivot lines.What is more clear?If you can't see with naked chart major structures SR's seriously you should not be here.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDJPYH42.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #19,387
  • Jun 3, 2018 9:44am Jun 3, 2018 9:44am
Quoting Impenia
{quote} Most of the poor Q1 economic data from UK has been possibly due to the adverse weather conditions in the UK earlier in the year. The BOE Governor even noted this fact in one of the bank's Monetary Policy Report, emphasising that the underlying fundamentals is still strong and that the Bank still maintains its strong outlook on the economy. --- The economic data coming out of the UK in the last 2 weeks have been largely positive, which might confirm the fact that the Q1 data was just a special case. Last Friday's PMI also came in stronger...
The scale of effect of weather on UK's first quarter performance is debatable (ONS view the underperformance in first quarter cannot be completely attributed to the weather alone).
However, my view extends beyond simply last quarter. UK's productivity (based on gdp growth rate) have been on a slowing path since 2015. The nasty spike in inflation due to massive currency devaluation post brexit did not help. Real wage growth have been negative for awhile, only recently turning positive. It might take awhile before the real wage growth manifests itself in consumer spending/confidence and consequently, the healthy kind of inflation.
Not trying to argue against anyone, but its good to hear from both sides as it widens one's views. I was asking out of curiousity.
I look for value wherever it can be found
  • #19,388
  • Edited 10:06am Jun 3, 2018 9:55am | Edited 10:06am
Quoting synicz
{quote} The scale of effect of weather on UK's first quarter performance is debatable (ONS view the underperformance in first quarter cannot be completely attributed to the weather alone). However, my view extends beyond simply last quarter. UK's productivity (based on gdp growth rate) have been on a slowing path since 2015. The nasty spike in inflation due to massive currency devaluation post brexit did not help. Real wage growth have been negative for awhile, only recently turning positive. It might take awhile before the real wage growth manifests...
Markets go corrections despite any fundamentals.Something that puzzles lot of new traders and even seasoned traders.
Its important to be street savvy smart.Location is to me most important.
GU likely test 1.38+by Sept should reach 1.40
Dollar index is about to fall off the cliff.If Trump succeeds disrupting trade in broader context it will be negative for US economy.Much to be seen
To Add Feds rate hike is already priced in.Once that gets out even before major correction may take place.

Some years ego when NZD was hot like hot potato and they raised interest rate NZD fell off the cliff and since then never recovered those highs.
I've been around and know it by experience.
In trading, you have to be defensive and aggressive at the same time
  • #19,389
  • Jun 3, 2018 10:13am Jun 3, 2018 10:13am
Holding to my CJ and its looking even better next week.Lots of room north
Love to see AJ plummet to reload.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #19,390
  • Jun 3, 2018 10:27am Jun 3, 2018 10:27am
Quoting Davit
{quote} Markets go corrections despite any fundamentals.Something that puzzles lot of new traders and even seasoned traders. Its important to be street savvy smart.Location is to me most important. GU likely test 1.38+by Sept should reach 1.40 Dollar index is about to fall off the cliff.If Trump succeeds disrupting trade in broader context it will be negative for US economy.Much to be seen To Add Feds rate hike is already priced in.Once that gets out even before major correction may take place. Some years ego when NZD was hot like hot potato and...
I couldn't agree more with this.
---
I was discussing with a friend yesterday before the NFP data release, and I was of the opinion that even if NFP were to print positive numbers, there may likely be a USD sell-off. My thinking was that the Institutions have been buying USD for several weeks, some of them would like to close for profit. What better time to do so, than when retail are buying USD enmasse due to the good NFP numbers, the institutions can then use this massive retail orders to close their positions. It so happened, but of course, I could also have been wrong.
---
My point is that, the market doesn't always act rationally (especially in the short-term). That's where Davit's street sense philosophy comes in handy. But I must say that USD will likely fight back in the coming weeks. The interest rate differential between the FED and other CBs will attract carry-trade investors (due to positive swap).
---
Just my 2 cents. Now back to Pivot Trading!
Simplicity Is The Ultimate Sophistication!
  • #19,391
  • Jun 3, 2018 12:55pm Jun 3, 2018 12:55pm
Quoting Davit
{quote} 14pips off is nothing.If you know what you are doing matters not.You should see SR's even without pivots.Past weeks pivots are mostly irrelevant. Try learning this system without adding more crap. Your performance has much to do with your trading psychology then on a system. If I read one more remark about your pivots I am going to remove you and its on my 1st page! Here is past pivots and my chart without all the confusing pivot lines.What is more clear?If you can't see with naked chart major structures SR's seriously you should not be...
interesting, going to take everything off my chart and just to see if I can spot the S&R zones. thank you Davit.
  • #19,392
  • Edited 1:21pm Jun 3, 2018 1:11pm | Edited 1:21pm
something worth thinking
Think of the steps as jumping boards from pivot to pivot
Example you bought at 100S you took profit at 38S wait for dip back usually test 61S then reload going for WP
I covered this concepts many many times here but worth stressing.Its not about how many pairs but how efficiently you can profit even from 1.

The reason steps occur because of big players taking profit which has a opposite reaction on price and reloading themselves.What I am doing basically what they are doing.They are reloading on dips and rallies.

This happens so many times that its basically natural reaction to me.
EJ and pretty much on EU and many other pairs
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURJPYH1.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #19,393
  • Jun 3, 2018 1:20pm Jun 3, 2018 1:20pm
Quoting Davit
something worth thinking {image}
Hey Davit,

As per our PM, I have some short trades that I bought too low a few weeks ago and now eating up some of my DD...So, me thinks, that the opposite can be true. Thus, the beauty of sticking with the PVT-WK, low ADR with an adequate thought out equity surplus with small trades, can help waiting for the pair to hopefully go short again to hit my TP. As I do not know whether the RT with give me a new PB or new major trend. I did hit 12.9% last month despite the randomness using MD guidelines and the edge you have shared here !!!!!!

Cheers and thanks for teachings here!

-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #19,394
  • Jun 3, 2018 1:26pm Jun 3, 2018 1:26pm
Quoting DrForexMD
{quote} Hey Davit, As per our PM, I have some short trades that I bought too low a few weeks ago and now eating up some of my DD...So, me thinks, that the opposite can be true. Thus, the beauty of sticking with the PVT-WK, low ADR with an adequate thought out equity surplus with small trades, can help waiting for the pair to hopefully go short again to hit my TP. Cheers and thanks for teachings here! -John
Sure those steps work both direction. I generally like to be same direction as dominate trend and fundemetal bias direction. On AN basically majority of times I have been a buyer not seller.
Lots of AUD news this week and if positive I can only see AN going higher. Don't want to scare you but good chance AUD gaining next week.
good luck
In trading, you have to be defensive and aggressive at the same time
  • #19,395
  • Jun 3, 2018 1:28pm Jun 3, 2018 1:28pm
Quoting Davit
{quote} Sure those steps work both direction. I generally like to be same direction as dominate trend. Lots of AUD news this week and if positive I can only see AN going higher. Don't want to scare you but good chance AUD gaining next week. good luck

hi davit about gbp your idea?
  • #19,396
  • Jun 3, 2018 1:29pm Jun 3, 2018 1:29pm
Quoting tradere
{quote} hi davit about gbp your idea?
read my calander
In trading, you have to be defensive and aggressive at the same time
  • #19,397
  • Jun 3, 2018 1:33pm Jun 3, 2018 1:33pm
AN lots of room north.I love it to drop 600 to buy aggressively and relief our friend John from his positions.
We'll see how this unfolds
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #19,398
  • Jun 3, 2018 1:46pm Jun 3, 2018 1:46pm
Quoting Davit
{quote} Sure those steps work both direction. I generally like to be same direction as dominate trend and fundemetal bias direction. On AN basically majority of times I have been a buyer not seller. Lots of AUD news this week and if positive I can only see AN going higher. Don't want to scare you but good chance AUD gaining next week. good luck
Thanks to you and the late MD, I am not scared, as I now cushion my equity or take a loss if necessary, I will...that's all ! It also helps is to keep a separate source of steady income as MD notes that this will "...keep fear out of the equation...for a steady source of income..." besides the "skill set" or "the edge" and knowing that overall success is based on the overall series wins vs losses, etc., so not become aggravated, become scared and shoot yourself in the foot.

As a retired anesthesiologist, having some fear is important, especially with children, as they can go sour in the OR so fast and you better have some fear and "vigilance" to keep the patient alive thru surgery. That is an exception, also Tower Control workers at airports - even worse !!!! Fear is good sometimes and selected in evolution for self-preservation or safety of others, etc. (LOL)

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #19,399
  • Jun 3, 2018 1:46pm Jun 3, 2018 1:46pm
helllow i am new for here..I have a small problem. Some people have red orange yellow color
There was a mark. What is there?Somebody can answer?
  • #19,400
  • Edited 2:29pm Jun 3, 2018 2:04pm | Edited 2:29pm
Quoting Davit
Armenian Kochari Multicultural Epic Wedding Dance Entrance - Talin & Mesrop we know how to party https://www.youtube.com/watch?v=WBf1gPiC3XM
Davit, BTW, I love this eastern and middle-eastern culture food, dance, etc ! I found that all of that area near the Mediterranean sea shared dance, food, etc. Armenium, Greeks, Turks, Arabs, Spaniards, Hebrews, etc. Very cool partying and dance as in groups. There is even a competitive dance-off between a line of male Arabs and a line of Orthodox Jews all in their traditional garbs on a youtube video. The first song they were dancing to in your video was song in Sephardic-Arabic by a woman...beautiful !

This is how all humans need to respect differences and rational understandings in our atomic age !

Thanks...

JG
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
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