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Pivot Trading

  • #21,221
  • Jul 4, 2018 2:25am Jul 4, 2018 2:25am
Its beautiful seeing Pivots do their magic.Couldn't be more textbook trade
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In trading, you have to be defensive and aggressive at the same time
  • #21,222
  • Jul 4, 2018 2:28am Jul 4, 2018 2:28am
EA was spectacular but I have to be honest I had too many trades going to add more but boy that was classic and $$
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In trading, you have to be defensive and aggressive at the same time
  • #21,223
  • Jul 4, 2018 2:33am Jul 4, 2018 2:33am
Bounce on EN would be welcomed.To get on it with better number.As you can see EN is at historical high and going further up is harder.
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In trading, you have to be defensive and aggressive at the same time
  • #21,224
  • Jul 4, 2018 2:36am Jul 4, 2018 2:36am
holding still after build up a bit...
secured and relaxed
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Take what you can, give nothing back
  • #21,225
  • Jul 4, 2018 2:40am Jul 4, 2018 2:40am
Quoting Husky77
holding still after build up a bit... secured and relaxed {image}
I was just posting about EA what a lovely set up it was.I just don't like over trading....recipe for disaster.I must always assess my risk instead of profits.
You must know when to stop.Have comfortable margin so you don't panic and make decisions that may be determent to your account.
Reason I can take 500 loss and be calm because I know my system works.Just need to relax and apply.
In trading, you have to be defensive and aggressive at the same time
  • #21,226
  • Jul 4, 2018 2:42am Jul 4, 2018 2:42am
Quoting Davit
{quote} I was just posting about EA what a lovely set up it was.I just don't like over trading....recipe for disaster.I must always assess my risk instead of profits.
agree
thats why when i stop to add to trade i choose to trail (is my own way of MM and secure my edge limit) and secure all trades for that specific pair with a decent target,but also leave some space for what i dont know may come.and of course manual trigger is at my own hand,i can close anytime before price can turn too much against me.
Take what you can, give nothing back
  • #21,227
  • Jul 4, 2018 2:59am Jul 4, 2018 2:59am
Hi

may i start by saying great thread and thanks to Davit and contributors!

im working my way through the pages at the moment, I have been able to set up the template on mt4, my question was does anyone know of a pivot point indicator for Tradingview? Tradingview is the only thin I can access in work. It’s no big deal to just manually add them each week I was just curious if anyone was aware of any?!

if it’s okay with people I will post some charts just to see if I have it all set up correctly. Im UK based so will do it this evening

happy trading Guys

Phil
  • #21,228
  • Jul 4, 2018 2:59am Jul 4, 2018 2:59am
EU testing 1550 could reach this week in which case longs from here is great probability.Tough level to break
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In trading, you have to be defensive and aggressive at the same time
  • #21,229
  • Jul 4, 2018 3:04am Jul 4, 2018 3:04am
Quoting Philios13
Hi may i start by saying great thread and thanks to Davit and contributors! im working my way through the pages at the moment, I have been able to set up the template on mt4, my question was does anyone know of a pivot point indicator for Tradingview? Tradingview is the only thin I can access in work. It’s no big deal to just manually add them each week I was just curious if anyone was aware of any?! if it’s okay with people I will post some charts just to see if I have it all set up correctly. Im UK based so will do it this evening happy...
This might help you and also its good manners to do some work before asking shows self reliance and respect other people time because we are trading life...
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In trading, you have to be defensive and aggressive at the same time
  • #21,230
  • Jul 4, 2018 3:09am Jul 4, 2018 3:09am
out of EA ,holding AN and NC ...
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Take what you can, give nothing back
  • #21,231
  • Jul 4, 2018 3:22am Jul 4, 2018 3:22am
As anyone who has enough screen time notices certain patterns.Market makers love pushing price to the edges usually past typical places where average trader places Stops like 20pips above/below major S/R level or around number or key 200MA above below etc.
If you think your stops are not targeted you are being naive.Market is designed to separate you from your cash.
The way I set up this system is by passing this typical mine fields and basically trading with MM and taking their punches at times but not getting knocked out because we keep reserve energy always. Example from yesterday MM pushed AN all the way to 991 basically assuring stops were taken then flipped side and now going into correction.This happens just about every pair.I am sure some panicked and took the painful loss and I did advise here take 25% loss and wait.
Point of my post is trust pivots and trust yourself doing the right thing.
In trading, you have to be defensive and aggressive at the same time
  • #21,232
  • Jul 4, 2018 3:29am Jul 4, 2018 3:29am
Hello Davit.
I have been following you. This is brillant!
Please do you have similar indicator for MT5?
THANK U.
  • #21,233
  • Jul 4, 2018 3:32am Jul 4, 2018 3:32am
sweet service PMI came out green
EG going south finally breaking the range...
In trading, you have to be defensive and aggressive at the same time
  • #21,234
  • Jul 4, 2018 3:34am Jul 4, 2018 3:34am
Patience, Patience, Patience...……...
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We obey the structure that results from the market's reaction
  • #21,235
  • Jul 4, 2018 3:44am Jul 4, 2018 3:44am
Example of typical spike targeted to hit stops then unloaded opposite orders.There is a logic behind this.Big institutional traders can't get in any time they want market must have liquidity to observe their orders hence hitting stops creates the liquidity and they get their orders filled.
This is why I never afraid of spikes because majority of times they are fakes specially around pivot zone!
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In trading, you have to be defensive and aggressive at the same time
  • #21,236
  • Jul 4, 2018 3:59am Jul 4, 2018 3:59am
Quoting Davit
{quote} This might help you and also its good manners to do some work before asking shows self reliance and respect other people time because we are trading life... {image} {image}
Sorry if we have got off on the wrong foot, this wasn’t my intention.

i have tried all the pivots point indicators on trading view however none quite line up with yours or they are full of pretty lines so was just asking within this thread. Like I said it’s no hardship for me to just manual input the levels at the beginning of thep week as they dont constantly change.

May I say, when I first read about your stops you use I didn’t quite get what you meant, so re read it a few times and combined with your recent post on your unfortunate losing trade I see what you mean and i like the way you do it, makes a lot of sense. Just my two pence.

Thanks again

Phil
  • #21,237
  • Jul 4, 2018 4:06am Jul 4, 2018 4:06am
Quoting Davit
sweet service PMI came out green EG going south finally breaking the range...
HI Davit , I am confused and really need help , may I know why would Euro Prints Green and you expected EuroGbp to come down please , or it should direct to s61 and bounce up please , sorry for wasting your time , thank you for lending your ears .
  • #21,238
  • Jul 4, 2018 4:25am Jul 4, 2018 4:25am
building my trust
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  • #21,239
  • Jul 4, 2018 5:49am Jul 4, 2018 5:49am
Quoting TheSpecial1
{quote} HI Davit , I am confused and really need help , may I know why would Euro Prints Green and you expected EuroGbp to come down please , or it should direct to s61 and bounce up please , sorry for wasting your time , thank you for lending your ears .
Hi TheSpecial1,

here Davit was referring to GBP Services PMI, which actually turned out above expectations, therefore...
Porta itineris dicitur longissima esse
  • #21,240
  • Jul 4, 2018 6:21am Jul 4, 2018 6:21am
Quoting bubincka
{quote} Hi TheSpecial1, here Davit was referring to GBP Services PMI, which actually turned out above expectations, therefore...
thank you sir ..
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