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Pivot Trading

  • #19,581
  • Jun 6, 2018 10:28pm Jun 6, 2018 10:28pm
Beauty of the pivots.Its happening every day.One of my fav pairs.Could not trade this was at work.
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In trading, you have to be defensive and aggressive at the same time
  • #19,582
  • Jun 6, 2018 10:30pm Jun 6, 2018 10:30pm
AJ at cross roads and very difficult R to break.
Look left
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In trading, you have to be defensive and aggressive at the same time
  • #19,583
  • Jun 6, 2018 10:36pm Jun 6, 2018 10:36pm
Quoting Davit
Beauty of the pivots.Its happening every day.One of my fav pairs.Could not trade this was at work. {image}
Hey Davit speaking of work how do you balance your trading with working a full time job? I think a lot of us reading systems are still working full time and could benefit from others tips on managing forex while at work. I have my Twitter set to send me push notifications anytime forexlive publishes something I still miss some while busy but it makes it more convenient to look through during lunch for any updates! Because of it I caught the USD/CAD daily reversal today when the US announced more tariffs and I try and monitor the updates during news releases. Anyone else have anything helpful such as setting buy orders the night before in anticipation to prevent missing the opportunities?
  • #19,584
  • Jun 6, 2018 10:45pm Jun 6, 2018 10:45pm
Quoting JTexclusive
{quote} Hey Davit speaking of work how do you balance your trading with working a full time job? I think a lot of us reading systems are still working full time and could benefit from others tips on managing forex while at work. I have my Twitter set to send me push notifications anytime forexlive publishes something I still miss some while busy but it makes it more convenient to look through during lunch for any updates! Because of it I caught the USD/CAD daily reversal today when the US announced more tariffs and I try and monitor the updates...
Its challenging not gonna sugar coated.I make most money on my days off when I am trading none stop 10hrs straight. Reason also why I am basically sleep deprived because I stay up late trading after work like now.
I want success badly and achieving it so all these sacrifices are necessary to reach my goal of good trading capital 100k+ (getting close) and go full time.
No easy answers.regards
In trading, you have to be defensive and aggressive at the same time
  • #19,585
  • Jun 6, 2018 11:15pm Jun 6, 2018 11:15pm
Quoting Davit
AJ at cross roads and very difficult R to break. Look left {image}
Good Morning Davit. I am glad I came across this thread because back in the day I followed Dredding82 Freebie Systems Thread and he too believed in the power of Fibonacci Pivots. It wasn't until a couple of weeks ago that I came across you thread and man it answered alot of questions I had about Pivot trading. Hopefully you will continue to teach us and show us the way. Thanks.
  • #19,586
  • Jun 6, 2018 11:21pm Jun 6, 2018 11:21pm
Quoting Checkz
{quote} Good Morning Davit. I am glad I came across this thread because back in the day I followed Dredding82 Freebie Systems Thread and he too believed in the power of Fibonacci Pivots. It wasn't until a couple of weeks ago that I came across you thread and man it answered alot of questions I had about Pivot trading. Hopefully you will continue to teach us and show us the way. Thanks.
Hi Checkz
There is not much more I can share to be honest.If you click on clipboard you can find compiled version of my key posts put together by Dr John (thank you)
I know its hard reading 900pages but this should speed you up.
regards
In trading, you have to be defensive and aggressive at the same time
  • #19,587
  • Jun 7, 2018 12:30am Jun 7, 2018 12:30am
Davit,you seem to be a successful trader.When do you think you will go full time into trading.?
cheers Adrian
ado
  • #19,588
  • Jun 7, 2018 12:32am Jun 7, 2018 12:32am
Davit your AJ pivots are way off,almost 50 pips according to both Pivot indicators and https://www.investing.com/technical/...ints-fibonacci
but i agree it haave a good chance of reversing as it is testing R100 (not R78).
Interesting thing is how brokers represent charts due to location.
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  • #19,589
  • Jun 7, 2018 12:37am Jun 7, 2018 12:37am
Quoting deepdrunk
Davit your AJ pivots are way off,almost 50 pips according to both Pivot indicators and https://www.investing.com/technical/...ints-fibonacci but i agree it haave a good chance of reversing as it is testing R100 (not R78). Interesting thing is how brokers represent charts due to location. {image}
Here is my AJ chart with about exactly the same Pivot number as Davit. I might have gotten in a little early at R61, but still learning.
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  • #19,590
  • Jun 7, 2018 12:59am Jun 7, 2018 12:59am
This is Pivot_Voty2_Alert
Look left ,should be good resistance here
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  • #19,591
  • Jun 7, 2018 1:02am Jun 7, 2018 1:02am
I don't know how many times I've said this, but stop worrying about your pivot levels. It's all about the location where price is. The difference of these levels is never hundreds of pips. So for example if your risk calculation let's you spread your trades over 50 pips then why does it matter if you enter at 78 or 100? If the S/R level is good just take your trade.
  • #19,592
  • Jun 7, 2018 1:05am Jun 7, 2018 1:05am
What a friggin JOKE ;;;;;"""Davit your AJ pivots are way off,almost 50 pips according to both Pivot indicators"""" yu dont wanna use your pivots Davit , you might make not make your 100grand .....PMSL SP
  • #19,593
  • Jun 7, 2018 1:13am Jun 7, 2018 1:13am
Quoting deepdrunk
This is Pivot_Voty2_Alert Look left ,should be good resistance here {image}
Agree!!!
  • #19,594
  • Jun 7, 2018 1:40am Jun 7, 2018 1:40am
My last post on Pivots. The first picture is using Davits Pivot V3.2 Auto and the second picture using Davits Pivot V3. See the difference. I use V3.2 Auto. That is all thanks.
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  • #19,595
  • Jun 7, 2018 1:46am Jun 7, 2018 1:46am
Quoting Davit
{quote} Hi Checkz There is not much more I can share to be honest.If you click on clipboard you can find compiled version of my key posts put together by Dr John (thank you) I know its hard reading 900pages but this should speed you up. regards
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  • #19,596
  • Jun 7, 2018 1:55am Jun 7, 2018 1:55am
Watching eurgbp closely
will enter buy if it comes to the pivot and pa is good
there is a pattern forming on the daily chart
  • #19,597
  • Jun 7, 2018 2:23am Jun 7, 2018 2:23am
1piperhour,
i agree what you say but in this case Davit see reversal at R78 i see at R100 (even better) and in this situation it is not important as we see good opportunity to short at one of major pivot points.
However this might not be the case some other time if our pivots are off that much and someone can get false signal-information or miss a good trade.
Of course,we cane trade without pivots but this thread and this system is about trading weekly PP swings.
My post to Davit was just to tell him to check his pivots as we all see that we often get wrong pivots from V3.2 auto indicator and i first checked both indicators and other sites to be sure before posting.
Davit would not have a problem even if his pivots are way off but many of you here could get in problem if you don't check pivot levels and trust blindly in someone else levels even in Davit's and that is main reason i posted this.

Starpro,your post does not deserve an answer but let me say this:
i am not some newbie,i am trading Forex and other markets more than 15 years,maybe 20 and i strongly like and support Davit's trading style.
I was using some kind of TDI (variation of moving average of RSI) with supports (PP and all kind off supports) long time before this thread started even long time before TDI indicator was invented.Problem for me was and still is high leverage and that cost me a ton of money.
To be clear why i am here,my problem with my main broker i have to trade big LOTs as mini and micro cost to much but that is the price if you want to keep the money at reliable broker-bank.This is the reason why after many years(decades) of trading i am still learning or let say gaining confidence in the system trading it with micro lots on real but JOKE account(MT4) to be able to push myself (again) to use it with big lots.
There is lot of haters here but also lot of ass kissers like you and from my point of view this is worst than haters.
I am not the hater and for sure not ass kisser and i do not have a problem to say something when i am sure in what i am saying.


Trade safe and smart and keep those pips coming.
  • #19,598
  • Jun 7, 2018 2:51am Jun 7, 2018 2:51am
Quoting deepdrunk
1piperhour, i agree what you say but in this case Davit see reversal at R78 i see at R100 (even better) and in this situation it is not important as we see good opportunity to short at one of major pivot points. However this might not be the case some other time if our pivots are off that much and someone can get false signal-information or miss a good trade. Of course,we cane trade without pivots but this thread and this system is about trading weekly PP swings...
I'm trading confluences like Davit. I've said it earlier and I can repeat it again, I won't enter a trade just because price is at 61-100 level. There has to be something else as well - good R/S area, price interacts with fundamentals, etc, so I have high probability trade.

I have two different templates, one with Davit's levels and pivot voty, which gives me levels according to my broker's weekly candles. I like voty better because it is maintenance free, also it gives same levels which are on every forex site. So far we both make money, so all good and I can't see why I should change it. My percentage is just smaller because I'm not an aggressive trader and I like small and controlled DD

Edit: oh, and I don't like 80% losing trades floating like Davit has
  • #19,599
  • Jun 7, 2018 2:59am Jun 7, 2018 2:59am
You got lot of friends here lurking Davit

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  • #19,600
  • Jun 7, 2018 3:55am Jun 7, 2018 3:55am
what a joke ....... you have the temerity to tell the OP HIS ... pivots are wrong .... ... ????????????????????
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