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Weekly Pivot trading with TDI

  • #5,161
  • Oct 24, 2018 3:33am Oct 24, 2018 3:33am
Quoting Neil0163
Gents I’lleave this thread open as I’m not sure if red members only can post in Davits. thankyou for the inbox those members causing disruptions have been banned. I’ll be back to normal in 6 weeks time but for now I advise posting on davits thread as his thread will have less trolls. This thread will be a back up to this great system.
Neil,
Thank you most sincerely for keeping Davit's system alive. A great effort.
Best wishes,
Gmo
  • #5,162
  • Oct 24, 2018 3:57am Oct 24, 2018 3:57am
NZDJPY
Pivot, OD

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYfH1.gif Size: 33 KB
  • #5,163
  • Oct 24, 2018 4:40am Oct 24, 2018 4:40am
Quoting Neil0163
Gents I’lleave this thread open as I’m not sure if red members only can post in Davits. thankyou for the inbox those members causing disruptions have been banned. I’ll be back to normal in 6 weeks time but for now I advise posting on davits thread as his thread will have less trolls. This thread will be a back up to this great system.
Neil are you still administrating this thread then?

If you need an admin to filter unwanted posts/postees I will gladly volunteer because this is an important thread and I dont think Davit allows non red members to post
  • #5,164
  • Oct 24, 2018 4:47am Oct 24, 2018 4:47am
Quoting rogertaggart
{quote} Neil are you still administrating this thread then? If you need an admin to filter unwanted posts/postees I will gladly volunteer because this is an important thread and I dont think Davit allows non red members to post
There are NON red members posting on the other thread
  • #5,165
  • Edited 5:07am Oct 24, 2018 4:53am | Edited 5:07am
Quoting Merka
{quote} There are NON red members posting on the other thread
Ok thx for the heads up. I see he has reopened and is 'Back'

I suppose Neil's thread here is mothballed for now?
  • #5,166
  • Oct 24, 2018 6:57am Oct 24, 2018 6:57am
IF the Cad Interest Rate hikes, as result the CAD become stronger, so you should go for SELL on USD/CAD
  • #5,167
  • Oct 24, 2018 7:13am Oct 24, 2018 7:13am
Quoting Chenko
{quote} You are right and I expect a lot of the usual people to attack you. This thread and the original is just one big sham. Rules were listed by the owner of the thread but every week you see or read contradictory stuff. They will use the 2 years experience stuff as a convenient cop out but anyone with that number of years of experience will see that the system isn't exactly what it is made out to be. It is EXTREMELY subjective and will only work for people like the owner of the system who has enough balance to open dozens of small trades and...
Hi Chenko,

Not here to destroy anyone but I needed to comment.

I am a derisive poster of traders who average down using a grid.

Davit does not do this. Because he took his page one down due to trolls and threats and actually getting doxxed, the memory of why Davit adds has faded. Thankfully he is going to make that right.

Davit is a PA trader who uses pivots as decision points. He does not just start making trades at some random pivot number, he looks left and determines S/R based around weekly pivot numbers and if PA supports another trading range cycle he will enter in stages. This makes his losses small when wrong. In short, he is taking the full offer of the market and only taking partial losses when he is wrong. He has a fixed dollar stop and maximum number of positions to get to size( I am just guessing the second part, but I know competent traders have this in place).

So when you say he averages down, this is not quite true. Most people see the pivots, think "grid". Most people see him and his competent student scaling in, and they think, "averaging down". Scaling in and averaging down are not remotely the same. When a trader averages down, they increase trade size on the way up in a fixed manner. Now if you are speaking of discretion, this is where that comes into play.

However, Davit has been clear, if you do not have a minimum of two years of seat time, do not try this method, as you do not know what you do not know.

Davit and I have spoken via PM a few times for full disclosure. He had been a PA trader for years, but he wanted to keep the TDI and angulator for people who cannot see PA yet.

Before you say this method is BS, I would simply ask you as a well seasoned hobby trader to understand the method entirely before you make sweeping and injurious statements about what it is all about.

If you read to the end, thank you sir.
If you are good at something, never do it for free--Joker
  • #5,168
  • Oct 24, 2018 7:17am Oct 24, 2018 7:17am
Quoting Davit
{quote} Alex the idiot has been on my ignore list for long time.I have a good sense about people.I highly respect people who are logical and this guy is an emotional mess throwing everything hoping something might stick... regards
Seems to be a common theme around here mate . Thank f*** your restoring your old thread, tired of these trolls to having a platform. Look forward to your insight.
  • #5,169
  • Oct 24, 2018 7:27am Oct 24, 2018 7:27am
Thanks Neil for keeping the pivots thread going, we appreciated it.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #5,170
  • Oct 24, 2018 8:08am Oct 24, 2018 8:08am
Thank you Neil for making this thread happen! Appreciate the work you put into it.
  • #5,171
  • Oct 24, 2018 10:25am Oct 24, 2018 10:25am
Quoting jmn5611
{quote} Before you say this method is BS,
It's far far away from that ... Everyone is thanking Davit for sharing it to the community .. This method is a gem .. Can't thank him enough.
  • #5,172
  • Oct 24, 2018 2:33pm Oct 24, 2018 2:33pm
Trading as it is creat to much stres inside so dont double even triple it by insuting ech other... insted keep calm and read something..
  • #5,173
  • Oct 24, 2018 3:24pm Oct 24, 2018 3:24pm
I’ll still be lurking about but I see this thread will become more of a “back up thread” should Davit decide to allow red members to post only.
  • #5,174
  • Oct 24, 2018 3:52pm Oct 24, 2018 3:52pm
I really like this thread and would love to see Neil & others keep it alive. The only real dislikes are when people post their charts that dont use pivots and then all the negative posters. Ban all those and lets go.
  • #5,175
  • Oct 24, 2018 4:24pm Oct 24, 2018 4:24pm
Quoting Chenko
{quote} It is VERY SUBJECTIVE. The rules change almost every week and you won't make money consistently if you don't have an account that can withstand opening 20 positions so as to make 400 pips from a 20 pips move. If the market goes against you quickly.. Good luck. Ignore the hundreds of pips and look at the percentage of the account made per trade and you will see the real picture. 100 pips made from 1 lot on EU is the same thing as 1000pips made from 0.1 lot opened 10 times on the same trade.. The risk is also almost always the same! (forget...
Oh my god? You discovered a thread that has started one way and has changed over time on Forex Factory? Wow I have never seen that before you are so clever. Oh my goodness, you have found a thread that other traders are trading differently than the creator of the system? WOW. Youre a genius what keen observations youve made here. That was sarcasm. Every thread on this damn site will have the followers trading slightly differently because that is nature. We evolve and we trade in a manner that is comfortable for us. Quick breakdown of how threads work whether it is the creators intent or not:

1. Creator shares his/her system
2. Followers try to follow the system
3. Followers realize what parts of the system work for them and what dont
4. Followers combine elements of the system with their own style of trading
5. Followers now have a better understanding of the markets and have gained experience or a new system that they can trade profitably(hopefully)

So why are you crying?
  • #5,176
  • Oct 24, 2018 5:34pm Oct 24, 2018 5:34pm
Quoting v2vboni
{quote} ..just in case, a much better version is >>> here {image}
Thanks for your work on this indi. I'll give it a try. Please keep letting us know when you do updates. Thanks
  • #5,177
  • Oct 24, 2018 9:18pm Oct 24, 2018 9:18pm
sad the trolls are bitching louder now
thankyou Neil for doing what you have done
liking my EA and reloaded AJ
I will get my head around this, but always can be wrong
  • #5,178
  • Oct 24, 2018 10:07pm Oct 24, 2018 10:07pm
I've been following this thread since it's inception & Davit's thread before that but haven't posted much. I've gotten a lot of value from the ideas posted here & want to share something I've done with you. A few months ago, I noticed that there were some additional weekly Fibonacci levels that price seemed to respect, that is the Support/Resistance 23 & 50 levels so I updated Davit's Pivot Indicator v3.2 and Pivot Voty indicators to include the following levels in addition to the levels already shown: S/R - 23, 50, 123, 150, 161 & 178

If you choose to use the Davit Pivot indicator be aware that you may have to tinker with the time zone adjustment et.al. at the top of the input screen. Personally, I use the Pivot Voty because it automatically adjusts to my broker's time setting and for other reasons as well. I wasn't able to update the latest version of the Pivot Voty series of indicators - the Pivot Voty-2 Alert or the Pivot Voty-2 Alert fix because I could only find the .ex4 versions, not the mql4 source files nor have I completed the evaluation of the alarm function of the new versions I updated. I still have the Pivot Voty-2 Alert indicator on charts I've dedicated to alerts.

The Pivot Voty indicator comes in 2 versions - Black & Brown. The Brown version is meant to be attached to charts with a brown background. The lines are a little thicker.

I hope the new levels will give your more options to enter & manage trades.
Attached File(s)
File Type: ex4 Davits Pivot V3.3 Auto.ex4   61 KB | 524 downloads
File Type: ex4 Pivot_Voty_PipBull_Black.ex4   96 KB | 442 downloads
File Type: ex4 Pivot_Voty_PipBull_Brown.ex4   96 KB | 428 downloads
  • #5,179
  • Oct 25, 2018 3:01am Oct 25, 2018 3:01am
Quoting Pip Bull
I've been following this thread since it's inception & Davit's thread before that but haven't posted much. I've gotten a lot of value from the ideas posted here & want to share something I've done with you. A few months ago, I noticed that there were some additional weekly Fibonacci levels that price seemed to respect, that is the Support/Resistance 23 & 50 levels so I updated Davit's Pivot Indicator v3.2 and Pivot Voty indicators to include the following levels in addition to the levels already shown: S/R - 23, 50, 123, 150, 161 & 178 If you choose...
We don't need more levels, the system is perfect as it is. If you look at charts you will find infinite levels of S/R and we don't need. Instead of searching more indicators focus on PA movements around the pivots and fundamentals
Trade What's Happening... Not What You Think Is Gonna Happen
  • #5,180
  • Edited 11:20am Oct 25, 2018 10:52am | Edited 11:20am
Quoting Neil0163
Gents I’lleave this thread open as I’m not sure if red members only can post in Davits. thankyou for the inbox those members causing disruptions have been banned. I’ll be back to normal in 6 weeks time but for now I advise posting on davits thread as his thread will have less trolls. This thread will be a back up to this great system.
Thanks Neil for taking the time to run this thread it was an interesting experience. I'm a relative newcomer to Forex factory on a forums level. I've used it for several years for Calendar reference only. My business life has gotten extremely busy, and I no longer have the time to participate in forums. I wish everyone well with their trading.
Fib Traders get it right 61.8% to 78.6% of the time. NR
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