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Pivot Trading

  • #21,961
  • Oct 27, 2018 3:56am Oct 27, 2018 3:56am
Good aftenon friends, 1 from my home works done today wile drinking the morning coffe AUD/JPY my wiev (pivots are drawn manually imaginary in some way but these are levels in wich we can expect to bee pozicioned for these pair). So for Monday i em short biased but anyway we have to wait and see, good weekend all
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  • #21,962
  • Oct 27, 2018 4:34am Oct 27, 2018 4:34am
Quoting mizi123
Good aftenon friends, 1 from my home works done today wile drinking the morning coffe AUD/JPY my wiev (pivots are drawn manually imaginary in some way but these are levels in wich we can expect to bee pozicioned for these pair). So for Monday i em short biased but anyway we have to wait and see, good weekend all {image}
Bearing in mind that these is the end of the month and price is in very low level wich is allredy tested so we can expect here sometype of inverted H&SH or double bottom at last before we go higer, (who knows) so these is end examination for these pair from my side AUD/JPY Good luck all!
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  • #21,963
  • Oct 27, 2018 9:58am Oct 27, 2018 9:58am
Welcome back.. Davit
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #21,964
  • Oct 27, 2018 11:12am Oct 27, 2018 11:12am
looking at calender i will look to the following events.

Attached Image


any feedback is welcome. Just learning
Happy trading
  • #21,965
  • Oct 27, 2018 1:35pm Oct 27, 2018 1:35pm
Quoting Rijfie
looking at calender i will look to the following events. {image} any feedback is welcome. Just learning
you don't know if you gonna buy or sell before release of events and also reaction of the market but at least you got awareness of the events and that's improvement from doing nothing.Keep working on it.
In trading, you have to be defensive and aggressive at the same time
  • #21,966
  • Oct 27, 2018 2:27pm Oct 27, 2018 2:27pm
My calendar events
Wont be posting this every week since this is my personal analyses.Doing it so you guys get an idea.
Background tone USD corrections likely to continue however market is king.

Monday

AUD Building Approvals m/m 1st thing that jumped up to me. Generous 3.9% from previous dismal-9.4%
Will continue hold AU and AJ longs. I see AUD getting some love.In fact my AJ is largest positions I have now.

Tues
USD CB Consumer Confidence 136.3 previous 138.4 should this print even more red I anticipate USD selling to continue specially on EU and GU

AUD CPI Q/Q .05 from previous .04 rather tiny green but could be even larger.
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Although this data is extremely late relative to inflation data from other countries, it's the primary gauge of consumer prices and tends to create hefty market impacts.
Trimmed Mean CPI q/q 0.4% 0.5% mix bag here will see if both green this will send AUD flying at least stimuli to do so.

Monetary Policy Statement
BOJ Policy Rate
BOJ Outlook Report Don't expect any change.

Weds

CAD GDP M/M could be green in which case UC shorts likely exhilarate their descent. 1.29? trajectory?Possible if Friday CAD data prints green

Thurs

Big day for GBP however after raising the rate to .75 I don't expect much from these releases.Carney is Sloooowww
Inflation report is most important here.

USD ISM Manufacturing PMI big one here with tariff wars going on this could print real red.I don't expect green here.

NZD ANZ Business Confidence
AUD Retail Sales m/m The winner here will impact AN pair.Whichever side wins will have immediate reaction.I like to see AN drop lower so I can load up longs

Friday

Key release NFP however unemployment and earnings matter as well. In my view its not going to be green which could take the sails away from that moron J Powell's obsession about raising rates.

CAD
Employment Change/Unemployment Rate
This could be green and will most likely hold my UC shorts.

Got my battles sort out.Ready and loaded
In trading, you have to be defensive and aggressive at the same time
  • #21,967
  • Oct 27, 2018 3:53pm Oct 27, 2018 3:53pm
I like to read feedback.If you are struggling to make money in Forex explain why.This system is $$$ if your head is in right place.
In trading, you have to be defensive and aggressive at the same time
  • #21,968
  • Oct 27, 2018 4:01pm Oct 27, 2018 4:01pm
Thank you for this Davit,trading strategy its very simple and got enough confluence to stand tall.I have been trading about 1 year now and recently joined FF....some of the most experienced and brilliant traders are here.
  • #21,969
  • Oct 27, 2018 4:05pm Oct 27, 2018 4:05pm
Quoting scsstnt
Thank you for this Davit,trading strategy its very simple and got enough confluence to stand tall.I have been trading about 1 year now and recently joined FF....some of the most experienced and brilliant traders are here.
your biggest challenge is trading psychology.That takes time.I can tell you straight out your biggest challenge is taking losses correctly and not letting it get account threatening.New traders can't take losses.This takes time and why I insist 2yrs minimum experience trading my system I don't want any part of inexperience account failures.
In trading, you have to be defensive and aggressive at the same time
  • #21,970
  • Oct 27, 2018 4:06pm Oct 27, 2018 4:06pm
Quoting Davit
{quote} you don't know if you gonna buy or sell before release of events and also reaction of the market but at least you got awareness of the events and that's improvement from doing nothing.Keep working on it.
What I do is wait until the data is released and then take action accordingly,only way I know certain news are bullish or bearish I have to be following prior to the news example USDCAD sell last week.I know BOC was going to increase from 1.50% to 1.75% I had a sell stop 1.5 hrs before.......ride 90+ pips down.Not every news release you can treat this manner,you can lose money terrible its not easy all the time.
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  • #21,971
  • Oct 27, 2018 4:10pm Oct 27, 2018 4:10pm
Some of my recent art work. Both are linocuts
don't know why they come out side by side but I guess not much I can do
When you click on it shows correctly
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In trading, you have to be defensive and aggressive at the same time
  • #21,972
  • Oct 27, 2018 4:10pm Oct 27, 2018 4:10pm
Quoting Davit
{quote} your biggest challenge is trading psychology.That takes time.I can tell you straight out your biggest challenge is taking losses correctly and not letting it get account threatening.New traders can't take losses.This takes time and why I insist 2yrs minimum experience trading my system I don't want any part of inexperience account failures.
Thank you ....I will keep this advice written in my journal. :-) You're a very discipline trader,which comes from experience,I have been on my ipad each night reading your replies....excellent thread :-)
  • #21,973
  • Oct 27, 2018 4:12pm Oct 27, 2018 4:12pm
Quoting Davit
I like to read feedback.If you are struggling to make money in Forex explain why.This system is $$$ if your head is in right place.
My Friend Davit,

Your system absolutely works with my experience. Unfortunately, I had to use my equity for local bills, but will be back live soon to cash-in and reaching that 10% plus per month in January 2019 or sooner. In the meantime, I am actively following your lead on a Demo to keep me in practice.

I am really glad you are back and hope the trolls do not get the better of you. You are needed here although quite a few of your students here have kept things going during your sabbatical from here and the other Weekly Pivot Trading !

Once I get the fundamentals to help better predict the Pivot Trading Technicals here, I will be better prepared to post charts again.

All the best to you and yours !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #21,974
  • Oct 27, 2018 4:16pm Oct 27, 2018 4:16pm
Quoting DrForexMD
{quote} My Friend Davit, Your system absolutely works with my experience. Unfortunately, I had to use my equity for local bills, but will be back live soon to cash-in and reaching that 10% plus per month in January 2019. In the meantime, I am actively following your lead on a Demo to keep me in practice. I am really glad you are back and hope the trolls do not get the better of you. You are needed here although quite a few of your students here have kept things going during your sabbatical from here and the other Weekly Pivot Trading ! Once I get...
Thanks for your work here John compiling all those PDF's and yes do come back when you are ready and practicing is good.
I can tell you I get stronger by every month.Something I notice in my ability to see trades developing and that's because I am at it every day..
cheers
In trading, you have to be defensive and aggressive at the same time
  • #21,975
  • Oct 27, 2018 4:23pm Oct 27, 2018 4:23pm
Quoting Davit
Some of my recent art work. Both are linocuts don't know why they come out side by side but I guess not much I can do When you click on it shows correctly {image} {image}
This is amazing talent....you're a multi-skilled trader..that says alot about you keep up with your talent :-)
  • #21,976
  • Oct 27, 2018 4:30pm Oct 27, 2018 4:30pm
Quoting scsstnt
{quote} This is amazing talent....you're a multi-skilled trader..that says alot about you keep up with your talent :-)
Thank you I try not lose my creativity.
another work lino-cut I did last week
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In trading, you have to be defensive and aggressive at the same time
  • #21,977
  • Oct 27, 2018 4:56pm Oct 27, 2018 4:56pm
Quoting Davit
{quote} Thank you I try not lose my creativity. another work lino-cut I did last week {image}
Boy, that is a gorgeous lino-cut. Your artistic abilities are so impressive too !

Now that's a dream girl and expression of the beauty of the female form !

Your brain is extremely developed between your Chess playing and your artistic abilities which you obviously apply to your successful Forex System !

Do you sell these originals online i.e. Ebay ?

I did portraits of beautiful women in oils and acrylics in my life !

You remind me I someone I know intimately (LOL).

Well, GN all !
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #21,978
  • Oct 27, 2018 5:09pm Oct 27, 2018 5:09pm
Pips and tits, what more could a man want?

Nice work Davit
  • #21,979
  • Oct 28, 2018 1:21am Oct 28, 2018 1:21am
typical mistake.

buying gbpjpy ,eurjpy and chfjpy.
trend goes against me and then buying some more, again trend goes against me and again buy some more.
Then the reversal happens but not enough to make a profit.(should have sell the orders with a little loss) Keep hoping for a profit but the price keeps dropping.
Take the decision to sell the orders.
The moment i sell price starts rising again.
Happy trading
  • #21,980
  • Oct 28, 2018 2:00am Oct 28, 2018 2:00am
Quoting Rijfie
typical mistake. buying gbpjpy ,eurjpy and chfjpy. trend goes against me and then buying some more, again trend goes against me and again buy some more. Then the reversal happens but not enough to make a profit.(should have sell the orders with a little loss) Keep hoping for a profit but the price keeps dropping. Take the decision to sell the orders. The moment i sell price starts rising again.
Hi R
I think you don't understand nature of the Yen.Yen is perceived as "safe heaven" and often it appreciates in uncertain periods specially before major USD releases.
You should trade instruments you are well aware. I don't trade GJ at all and its called a dragon,beast etc because its PIA to trade if you get it wrong.It can go 300pips or more in a single day and you better be on right side.I don't trade it because I prefer lower ADR pairs.
Try filtering your trades more.
cheers
In trading, you have to be defensive and aggressive at the same time
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