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Pivot Trading

  • #21,021
  • Jun 30, 2018 12:19am Jun 30, 2018 12:19am
Another end of the month.

Month positive. Spike down on the graph is not a withdrawal but had to take some loss on AJ and UC. Someone said that we let losers run ... We don't, we are managing our trades just like any other trader in any other system should do.

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  • #21,022
  • Jun 30, 2018 12:26am Jun 30, 2018 12:26am
Quoting Recruit
Dear traders, dear Davit! It is 6 months, since i am trading your strategy Davit. The start was a bit challenging for me. Anyway I learned here a lot of important things: how to look on markets with higher perpective what is the real EDGE Patience&Discipline When you learn those things, then you will realize and start to see markets completely different. Fear is gone. I always tried to stick to 5 fundamental truths written on page 1. {image} I didnt even want to post results again,as i do it monthly, but i will do it. Then in future,just qaurtarly,...
Well done with your results - For any doubters, your last month returns of 30% are very much real. I could say so cause I had 30+% in May, though I do not normally like to share my results in the forum.

Keep doing what works, cheers and enjoy the weekend!
Fall seven times, stand up Eight! #GGMU
  • #21,023
  • Jun 30, 2018 12:39am Jun 30, 2018 12:39am
I am still learning and hopefully I can keep getting better. I took a ride on demo account and thanks to USTAAD Davit's methods/procedure/approach/discipline and above all his experience to guide us.

AN,EN,NC,NU are in DD so I am waiting as USTAAD quoted "As price travels progressively away from weekly pivot it becomes more likely to go into correction."

P.S. USTAAD (in urdu/punjabi language)= Teacher/Master/Expert
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  • #21,024
  • Jun 30, 2018 4:30am Jun 30, 2018 4:30am
Quoting pgr45za
Maybe it's just me, and it's just a coincidence, but the minute VEEFX started ignoring me, my results just improved from the get go. Maybe he got rid of my ignorance; by ignoring me, he must of vaccinated me against his ignorance. Powerful stuff ... or dare I say TREMENDOUS?
It's funny you say this, I have had the same experience. I was looking at a losing month for June, then once VEEFX started ignoring me, I managed to end up with a profit from 2 monster pip trades.

With over 600 traders now vaccinated against his ignorance, I think the 2 percent forex profit club will soon grow.
Come with me if you want to live....
  • #21,025
  • Jun 30, 2018 6:03am Jun 30, 2018 6:03am
closed my USDCAD short yesterday, that was a nice one.
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"Letting losses run is the most serious mistake made by most investors."W.O
  • #21,026
  • Edited 9:12am Jun 30, 2018 9:01am | Edited 9:12am
Quoting Recruit
Slowly building positions according to predefined criteria. {image} Gn all and nice weekend! Cheers
Hmm well do what works for you as Davit says.
But are not trading ABCD pattern here. You need to wait for D before placing shorts. Unless there is some super aggressive way of trading this I never heard of ?
buying tops / selling bottoms
  • #21,027
  • Jun 30, 2018 10:07am Jun 30, 2018 10:07am
Quoting voty
{quote} Hmm well do what works for you as Davit says. But are not trading ABCD pattern here. You need to wait for D before placing shorts. Unless there is some super aggressive way of trading this I never heard of ?
Hello,

thank you for reaction. Basically, as you say, i do what works for me. Sometimes trying to show off some hints. You are right, pattern is still in progress. It can be eg. bullish AB=CD (0.886; 1,13),C point now, also bearish crab on H1 developed.

But this is just kind of confirmation, confluence. Most important reasons why i started in building shorts are:

  1. price reached R161 and is over-extended
  2. no fundametal reason to squeeze NZD so heavily (i would maybe accept NC- July cad rates increased to 70%) by AUD.
  3. look left to key structure (h4,D,W)
  4. i always start buliding trades with small lots and react when price developes
  5. ect.;

Anyway, we are looking for high probability trades. This is one of them. The same was for example USDCAD which i posted last week and subsequently gave update: https://www.forexfactory.com/showthr...1#post11181871)

Cheers

  • #21,028
  • Jun 30, 2018 10:15am Jun 30, 2018 10:15am
Quoting MrAussieFX
Completed my first 500 trades with Davit Pivot Trading and also I believe I'm done for this month of 2018. I'm not happy with my results for this month but its always the struggling times that teach you more. As I mentioned before I started using Pivot trading since mid of December 2017 and the results thus far are shown below. Results from Mid Dec 2017 till now {image} Results June 2018 {image} Best regards
Simply Tremendous!!!
  • #21,029
  • Jun 30, 2018 10:51am Jun 30, 2018 10:51am
Quoting 1pipperhour
Another end of the month. Month positive. Spike down on the graph is not a withdrawal but had to take some loss on AJ and UC. Someone said that we let losers run ... We don't, we are managing our trades just like any other trader in any other system should do. {image} {image}
nice reults
I agree with you most of us take losses.I take losses when trade does not look legit anymore and that does not have to get predefined amount.I must believe in a trade and when I don't I bail out.
Keep going you are getting better and better!
In trading, you have to be defensive and aggressive at the same time
  • #21,030
  • Jun 30, 2018 11:07am Jun 30, 2018 11:07am
Still see a long way down for NZDCAD, maybe 161.8?
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We obey the structure that results from the market's reaction
  • #21,031
  • Jun 30, 2018 11:08am Jun 30, 2018 11:08am
Just reading forum posts in general and one well known trader from well known thread thinks selling GU to 29 is valid "sell the rallies"

This is not correct way to look at it in my opinion.GU very well is already on a path to correction higher up and if you start selling you may just accumulate lots of DD assuming erroneously "we are in downtrend"
Every trend comes to an END! Its important to think this option as well! USD is OB cross the board and Feds are going to stay put on rates for now allowing market to settle down and have other majors catch up.Nobody wants extreme imbalances which could derail our recovery.

Furthermore same trader same thread (not hard to guess who) hardly if ever posts about fundamentals news that may effect currency.To me this is what makes this thread system dynamic! We keep up with fundamentals!

Why would you want to sell after nice green numbers and perhaps more to come
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In trading, you have to be defensive and aggressive at the same time
  • #21,032
  • Jun 30, 2018 11:21am Jun 30, 2018 11:21am
Quoting Davit
Just reading forum posts in general and one well known trader from well known thread thinks selling GU to 29 is valid "sell the rallies" This is not correct way to look at it in my opinion.GU very well is already on a path to correction higher up and if you start selling you may just accumulate lots of DD assuming erroneously "we are in downtrend" Every trend comes to an END! Its important to think this option as well! USD is OB cross the board and Feds are going to stay put on rates for now allowing market to settle down and have other majors catch...

Agree Davit!!
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We obey the structure that results from the market's reaction
  • #21,033
  • Jun 30, 2018 8:41pm Jun 30, 2018 8:41pm
FYI tomorrow July 1st is Mexico election day. It happens once every 6 years.

The polls front runner Lopez Obrador ran the last two elections, lost and demanded a recount. He, unlike mayority of politicians here is not rich or is elitist, he is a simple man who hopes to dethrone the powers that be in Mexican government. Gov. does not like him, corporatons do not like him, the market doesnt like him. He vows to change the corupt ways of Mexico and most fear of what he will do if he finally wins.

Mexican peso slid in fears of his growing lead. USD has been strong against it. Peso does nothing to move USD but I see dollar dropping against peso.

Why...Mexico has a weird rule. Electoral cards (INE) are the offical ID; therefore, all adults require one. If anyone with an INE does not vote...their vote will automatically go to the current party in Presidential office in this case PRI. Can you see what can happen? Talk about monopoly.

There is no reelection and the PRI candidate is in third place on polls a real loser at best. But this rule might have yet another...recount.

AMLO as he is known would be good for Mexico. For one he intends to negotiate with Trump easing trade wars on this continent and maybe paving the way for end of trade wars and hopes to convince him that rather build a wall to help foster growth in Mexico.

Keep vigilant this week of this news when trading. Again this is just FYI.

Green pips.
Invest in Life
  • #21,034
  • Jun 30, 2018 11:30pm Jun 30, 2018 11:30pm
Inserted Video

Enjoy some Armenian music
In trading, you have to be defensive and aggressive at the same time
  • #21,035
  • Jul 1, 2018 4:05am Jul 1, 2018 4:05am
Quoting Davit
UJ +934 it was worth holding Just glad got out of 2 worst pairs in terms of swap.Now back to business of harvesting pips {image}
Davit, I have learned something of importance from almost every thread you post. You have mastered your craft, I appreciate you and the others on this thread to whom have learned and earned successful trading. Obviously it took work and discipline, you and those others have my respect.
You NEVER will be the person you could be, without pressure & discipline
  • #21,036
  • Jul 1, 2018 4:08am Jul 1, 2018 4:08am
We are in a new month,i suggest to all newbies to temperate a bit from jumping fast in the market.watch,focus and let zones to be visible on your charts.
calm... tomorrow is always a new day.
cheer up with green pips to all!
Take what you can, give nothing back
  • #21,037
  • Jul 1, 2018 4:54am Jul 1, 2018 4:54am
Quoting Husky77
We are in a new month,i suggest to all newbies to temperate a bit from jumping fast in the market.watch,focus and let zones to be visible on your charts. calm... tomorrow is always a new day. cheer up with green pips to all!
A new month and a new quarter and a new half-year.

Let the dust settle first.

And refrain from posting here until you've read and internalized page 1 and 2, 3, ...
  • #21,038
  • Jul 1, 2018 4:55am Jul 1, 2018 4:55am
Quoting Husky77
We are in a new month,i suggest to all newbies to temperate a bit from jumping fast in the market.watch,focus and let zones to be visible on your charts. calm... tomorrow is always a new day. cheer up with green pips to all!
and summer holiday season is starting.....
  • #21,039
  • Jul 1, 2018 5:01am Jul 1, 2018 5:01am
Quoting snail69
{quote} and summer holiday season is starting.....
Last 2 summers were a fun with all crazy news
Try don't lose pants never...
  • #21,040
  • Edited 6:53am Jul 1, 2018 5:55am | Edited 6:53am
Morning Davit,

If you can just give your thoughts on this chart and yes I know its not part of your pivots, but hopefully it will agree to the sell taken according to the pivots on the chart. If you think this is not relevant you may dislike this post and I will delete it. Or may I share this just on supporting you on a stronger GBP.

PS: Look pass the trades taken, I see a stronger GBP?

Regards,
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We obey the structure that results from the market's reaction
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