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Pivot Trading

  • #20,641
  • Edited 11:39am Jun 23, 2018 11:14am | Edited 11:39am
Quoting CNTrader
{quote} Hey Davit, your post here was brought to my attention by someone through a PM. Thanks for the compliment. I must say its nice and refreshing to see traders that actually get it and take responsibility and ownership of their own trading decisions and actions. You have demonstrated the willingness to get to work and make it happen. Its been 5 years almost to the date since this brief exchange and conversation: {quote} I've always said Making Bank is the only thing that matters. Filtering out all the noise from the pissing contests that are...
Hi CNtrader
Thank you for your post.I always been fan of you.You have demonstrated that successful trading is possible and does require discipline,patience and attention to detail which you have and what I stress on my thread.
You were inspirational for me to hold trades longer when I saw you held 1 2 even 3 months trades to reach target that gave impetus in my own trading what is possible.Not many here can do what you do and big kudos!
I have directed people here to watch your videos and I find them very educational.Fib Pivots often correspond to key harmonic shapes and why I choose it over standard or other pivots.Thank you again!
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #20,642
  • Jun 23, 2018 11:18am Jun 23, 2018 11:18am
Quoting ctdthieu189
Hello David, I know your topic yesterday, today I spend a day reading from the beginning of this topic, it is great. you ask me what is PA? have price action? And my time zone is GM + 7, how do I edit Piviot V2 to be like you? My English is not looking forward to your forgiveness, wish you a happy day
Its Davit not David! Its a small detail but in trading that may cost $$ because you failed to look.
Going to remove you.If simple task instruction on page 1 you can't do then trading is 1000x harder.

green journey somewhere else.
In trading, you have to be defensive and aggressive at the same time
  • #20,643
  • Edited 12:21pm Jun 23, 2018 11:20am | Edited 12:21pm
Trump news
Trump threatens to slam a massive tariff on European cars, which could cause economic chaos

This could weaken Euro pairs.Great for my EC shorts....

I basically only will sell Euro.Will not buy.With Italy and ECB weird prolong money printing I rather be a seller and not a buyer.
Having said this I also prefer not shorting EU because I rather sell through crosses and not USD.
USD is overbought cross all pairs and should start in corrective phase.
Once higher interest have their impact on economy we may very likely experience contraction in growth.Higher interest rates hurt corporate gains and that has domino effect companies have less profits to invest new employees and less capital to expend and more likely start scaling down.
Strong USD in short exasperate not only US economy but world economy specially on emerging markets.Turkish lira is in free fall now 17% decline against USD this year...
This makes EU nervous....
In trading, you have to be defensive and aggressive at the same time
  • #20,644
  • Jun 23, 2018 11:32am Jun 23, 2018 11:32am
I have been trading the weekly pivot and monthly pivot points with the trend for a couple of years. I will not mention the site because of obvious reasons. It’s great to see that Davit you are trading the swings. I am new to forex factory but not at trading. Will just follow the thread and see from next week I am able to implement your system. Basically it is all about managing the positions when the trade is in the zone. Price will eventually reverse directions as it can’t go in a single direction for a long time.
Cheers to the green pips.
Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #20,645
  • Jun 23, 2018 1:00pm Jun 23, 2018 1:00pm
Trade Worksheets - Introductory & Intermediate
As a "retired" Fund trader responsible also for systems research and having traders reporting it was necessary for documentation to offer advice and assess trades by all traders. A "worksheet" was a simple method of hard copy also serving as a log and reasons for each trade. One key is to take a screen image immediately before or after entering a trade then follow-up screen images during the course of a trade as well at trade exit. These would be analyzed by traders in a seminar format on a weekly basis. I still marvel at traders who grew into very professional traders and attributed their improvement/success to a worksheet format with follow-up.

I have consulted with Davit who was happy for these to be uploaded as two PDF files that may serve to assist as introductory and intermediate worksheets to those getting to grips with Davit's system. A brilliant system.

These worksheets may be printed in color or black and white. I simply use a erasable pencil to check off the criteria. Yes, I still use them. They have been updated over the last 18-24 months to their present form.

All professional traders I have been associated with have a method of self-discipline, a check list of criteria before entering any trade. A trade log is also carefully maintained.

Davit may have comments or advice to improve or update these as required.

Above all look at them and ask yourself if relatively new to Davit's system, am I disciplined and do I have confidence in entering a trade. These worksheets may help?
Attached File(s)
File Type: pdf Davit Pivot Zone Introduction Worksheet Trade Evaluation .pdf   166 KB | 2,195 downloads
File Type: pdf Davit Pivot Trading - Intermediate Trade Evaluation.pdf   167 KB | 2,115 downloads
  • #20,646
  • Edited 6:04pm Jun 23, 2018 1:02pm | Edited 6:04pm
Trying to apply CNTrader's suggestion of drawing the harmonics, I see on EJ H4 a potential bearish gartley with potential as low as 125.
This ties into what Davit said just now. If market go south (Trump headlines could be the catalyst), E falls (risk off) and J gains (flight to safety).

Learn to anticipate. 125 zone would be where S138 is (using last week's pivot levels) and also a key support zone (look left for structure cues, as Opayq likes to say).

Could be this week's trade.
  • #20,647
  • Jun 23, 2018 2:30pm Jun 23, 2018 2:30pm
Quoting Gmo
Trade Worksheets - Introductory & Intermediate As a "retired" Fund trader responsible also for systems research and having traders reporting it was necessary for documentation to offer advice and assess trades by all traders. A "worksheet" was a simple method of hard copy also serving as a log and reasons for each trade. One key is to take a screen image immediately before or after entering a trade then follow-up screen images during the course of a trade as well at trade exit. These would be analyzed by traders in a seminar format on a weekly basis....
Hi Gmo,

Thanks for the worksheets. I will see if they are a good fit for me. I'm sure they will once I put effort into understanding & doing them. Although i'm not new to trading I do consider myself new to Davit's pivot swing trading. Learning more everyday and building confidence again. Thanks to all here, I value the posts as a form of mentor ship and hope to contribute more in the future. I'm working on my mental approach the most right now as I catch onto the strategy.

This week has been a big test in patience, DD, and "at the moment decisions" to manage the trade. I'm not able to be in front of the screen all the time as reg day job gets in my way. Also, lack of sleep checking positions at 6pm to 730am (PST) during the week is building my mental toughness... this is W.I.P.

here are few trades this week. I was in AJ as well and did exit friday AM before work. Thanks ALL! I'm happy with my results, not just $$$$ wise. tasted better on friday. good weekend to ALL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NU 06-19-18 620am.PNG Size: 57 KB
Click to Enlarge Name: AJ history 06-19-22-18.PNG Size: 54 KB
Click to Enlarge Name: UC 06-22-18.PNG Size: 59 KB
Click to Enlarge Name: detail report 06-23-18.PNG Size: 26 KB
  • #20,648
  • Jun 23, 2018 2:32pm Jun 23, 2018 2:32pm
Quoting Axleman
{quote} Hi Gmo, Thanks for the worksheets. I will see if they are a good fit for me. I'm sure they will once I put effort into understanding & doing them. Although i'm not new to trading I do consider myself new to Davit's pivot swing trading. Learning more everyday and building confidence again. Thanks to all here, I value the posts as a form of mentor ship and hope to contribute more in the future. I'm working on my mental approach the most right now as I catch onto the strategy. This week has been a big test in patience, DD, and "at the moment...
ooops meant to load these
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NU 06-24-18 thoughts.PNG Size: 65 KB
Click to Enlarge Name: UC 06-22-18 thoughts.PNG Size: 70 KB
  • #20,649
  • Jun 23, 2018 6:56pm Jun 23, 2018 6:56pm
Quoting Gmo
Trade Worksheets - Introductory & Intermediate As a "retired" Fund trader responsible also for systems research and having traders reporting it was necessary for documentation to offer advice and assess trades by all traders. A "worksheet" was a simple method of hard copy also serving as a log and reasons for each trade. One key is to take a screen image immediately before or after entering a trade then follow-up screen images during the course of a trade as well at trade exit. These would be analyzed by traders in a seminar format on a weekly basis....
GMO,

Amazing work sir , really useful!

Regards,
Oswell
1 simple mistake makes you become 1000x better.
  • #20,650
  • Jun 23, 2018 10:47pm Jun 23, 2018 10:47pm
Quoting Gmo
Trade Worksheets - Introductory & Intermediate As a "retired" Fund trader responsible also for systems research and having traders reporting it was necessary for documentation to offer advice and assess trades by all traders. A "worksheet" was a simple method of hard copy also serving as a log and reasons for each trade. One key is to take a screen image immediately before or after entering a trade then follow-up screen images during the course of a trade as well at trade exit. These would be analyzed by traders in a seminar format on a weekly basis....
Thanks and all the the best.
Oddbjorg.
All the best to all of you. But don't follow me. I am a learner.
  • #20,651
  • Jun 24, 2018 2:46am Jun 24, 2018 2:46am
Quoting Gmo
Davit, I feel for you and your family scene. I trust all will be well. For several years, I was an Institutional/Fund Trader with another FF name for a number of years. Like you, there were the "naysayers". Let us please refocus on Davit Pivot Trading. Last week, Mr. AussieFX contributed brilliantly to your Forum. Thank you. I have some cautionary notes that may benefit your members. As advice, Davit Pivot Traders may increase their win/loss ratio by instituting a simple moving average. Probability is increased when likely confirmation with Pivot...
Invaluable post....in mt opnion
  • #20,652
  • Jun 24, 2018 3:06am Jun 24, 2018 3:06am
I love reading your thread Davit, you don't tolerate idiots, refreshing. Thanks for the availability of your weekly pivots indi, really helpful.
Ardua Ad Astra Per
  • #20,653
  • Jun 24, 2018 10:46am Jun 24, 2018 10:46am
Weekly Analysis

Tue 26/06/18

USD
CB Consumer Confidence 127.6 vs 128
Respond could be limit with trade war which is already looming.

Wed

NZD
ANZ Business Confidence

GBP
BOE Gov Carney Speaks

USD
Core Durable Goods Orders m/m
BOE Gov Carney Speaks

Thur

EUR
EU Summit

CAD
BOC Gov Poloz Speaks


NZD
Official Cash Rate
RBNZ Rate Statement
Is unlikely to make any changes this time. RBNZ Governor Adrian Orr may wish to add some concerns about the global trade to the statement. However, the local economy is quite stable, balancing out any external concerns.

USD
Final GDP q/q 2.2% vs 2.2%
Price could have already price in this expectation.

Fri

EUR
EU Summit

GBP
Current Account

Cad
GDP m/m
BOC Business Outlook Survey

Next Week Overview,
Pairs such as AU and NU could continue to move north.
EG pair continues to range within 0.88319 and 0.87178 with all the event happening in EUR and GBP region.

Cross pair may potential have more setup.
  • #20,654
  • Jun 24, 2018 12:29pm Jun 24, 2018 12:29pm
Quoting Gmo
Trade Worksheets - Introductory & Intermediate As a "retired" Fund trader responsible also for systems research and having traders reporting it was necessary for documentation to offer advice and assess trades by all traders. A "worksheet" was a simple method of hard copy also serving as a log and reasons for each trade. One key is to take a screen image immediately before or after entering a trade then follow-up screen images during the course of a trade as well at trade exit. These would be analyzed by traders in a seminar format on a weekly basis....
Thank you. This will certainly keep me honest and focused.
Invest in Life
  • #20,655
  • Jun 24, 2018 12:59pm Jun 24, 2018 12:59pm
Quoting Axleman
{quote} ooops meant to load these {image} {image}
Since market does whatever, there have been times at the begining of the week pivots change and trade goes as planned. But also they just don't, so I stick to this method:

As price travels progressively away from weekly pivot it becomes more likely to go into correction.
61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone. Page 1

For me Sunday's are trap days, so even if at a key zone I allow the market to move and see if it "progressively moves further away from Pivot" then look for high probability setup. Looking at weeks Fundamentals also helps in deciding. I rather miss a trade than be in a bad trade.

Also, when I miss a TP and market gives me a second chance at same location...I take it! Regardless of what it will do afterwards. It's called Second Chance not second guess.

Hope this helps...btw not my image...sorry do not remember from who...but they get the credit
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180511-133549.png Size: 145 KB
Invest in Life
  • #20,656
  • Jun 24, 2018 7:00pm Jun 24, 2018 7:00pm
I Just want to say THANK YOU!

Been trading this system for a few months now and made GREAT GAINS! Yet i hope to keep onto my earnings. Made nearly 30% this month due to Eur/Aud. I also closed AUD/USD last Friday for 40 points. Wish i kept it open but regardless it was good gains. I am done for the month. Weekly Pivots is a LIFE SAVER!
  • #20,657
  • Jun 24, 2018 7:06pm Jun 24, 2018 7:06pm
Quoting zzzz1zzz
I Just want to say THANK YOU! Been trading this system for a few months now and made GREAT GAINS! Yet i hope to keep onto my earnings. Made nearly 30% this month due to Eur/Aud. I also closed AUD/USD last Friday for 40 points. Wish i kept it open but regardless it was good gains. I am done for the month. Weekly Pivots is a LIFE SAVER!
you have no idea how many posts like yours there are here and most 90% not here after few months...Your challenge is to be consistent
good luck
In trading, you have to be defensive and aggressive at the same time
  • #20,658
  • Jun 24, 2018 7:26pm Jun 24, 2018 7:26pm
Hello, I don't know what happened with @veefx. he appreciate me on 25 may to make good profit with Davit system, and now start ignoring me and also remove his shoutbox message. There are many jealous peoples here, Davit sir always helping others, but i don't know how other thinking....
Attached Image
  • #20,659
  • Jun 24, 2018 7:27pm Jun 24, 2018 7:27pm
Bought USD NOK today target just below R61 I think $8.25 could be a possibility, and if it moves up nicely I'll move to above break even and move my target up to that point which is just below R78
Attached Image (click to enlarge)
Click to Enlarge Name: USDNOKaustdH1.png Size: 62 KB
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #20,660
  • Jun 24, 2018 7:31pm Jun 24, 2018 7:31pm
Quoting rockgirl
Hello, I don't know what happened with @veefx. he appreciate me on 25 may to make good profit with Davit system, and now start ignoring me and also remove his shoutbox message. There are many jealous peoples here, Davit sir always helping others, but i don't know how other thinking.... {image}
Hi RG
Click on his profile and you'll see he ignored like 50people in 1day and he has ignored just about every good trader.He is mentally challenged and would not care about him.
In trading, you have to be defensive and aggressive at the same time
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