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Pivot Trading

  • #21,981
  • Oct 28, 2018 4:25am Oct 28, 2018 4:25am
Quoting Davit
{quote} 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
Try to focus on UC,NC,AC,EA,AU,GU,NU,AN,EU,CJ,NJ,AJ from now on.

Should have realized trading 3 pairs against jpy you actualy tripple your order.
Happy trading
  • #21,982
  • Oct 28, 2018 4:31am Oct 28, 2018 4:31am
2 new items in addition to the calendar might be worth keeping an eye on .

German election results

https://www.bbc.co.uk/news/world-europe-45988854

UK Budget - Monday 29/10/2018 approx 3.30pm

https://www.bbc.co.uk/news/business-42054017

Reminder clocks have moved so figures will be coming out an hour earlier than usual - Main impact USD-CAD news releases
  • #21,983
  • Edited 6:31am Oct 28, 2018 6:14am | Edited 6:31am
Davit

i started selling EurAUD two months before under the belief of AUD get strong. Due to lack of experience, i couldnt understand the Tradewar impacted the AUD. I continued selling at regular interval under the belief that AUD get strong. Pips went against me around -5000 points, drawdown almost 40% but i had enough margin to safeguard the balance. Between 1.6350 - 1.6075 swing i managed to lock 2000points as of now and waiting for the break of 1.6000 level. i could have gone out with minor loss but out of sheer ego and confidence of aud get strong, i still hold the trade. this is one of the worst trade i did, luckily (dunno) rollover charges favours me to keep the trade. i still earned 2000 points as of now. everytime it against me i managed to get profit in swing but overall still in minor loss.. i am still confident of AUD get strong. i need to learn to accept the losses.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDmicroDaily.png Size: 55 KB
  • #21,984
  • Oct 28, 2018 7:33am Oct 28, 2018 7:33am
Hi all
Only took one trade last week which was a sell on GBPJYP and exited on friday due to a reversal hammer ( would you call it a reversal hammer or doesnt met the size requirements?? ) and being close to support. Any feed back is welcomed
Cheers
Craig
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 44 KB
  • #21,985
  • Oct 28, 2018 7:44am Oct 28, 2018 7:44am
Quoting irishcraig09
Hi all Only took one trade last week which was a sell on GBPJYP and exited on friday due to a reversal hammer ( would you call it a reversal hammer or doesnt met the size requirements?? ) and being close to support. Any feed back is welcomed Cheers Craig {image}
But Davit don't trade these pair because of high ADR....
No farway then yestrday reply...
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
  • #21,986
  • Oct 28, 2018 7:49am Oct 28, 2018 7:49am
I don't know (but i dont minde that all of us has been in school at last midle school) but when you go in school (in these case our class is these thread) we have to read and listen what teacher says in other hand we will end up stay in the class, and these will turn in candy crash with saga for ech of one....
  • #21,987
  • Oct 28, 2018 10:23am Oct 28, 2018 10:23am
Hello,

Enjoying my birthday today and planning to come back to trading next week.
What a great news to see you back Davit!!! And big thanks for one more present I got today.

#WelcomeBackDavit
buying tops / selling bottoms
  • #21,988
  • Oct 28, 2018 10:30am Oct 28, 2018 10:30am
Quoting elan1988
Davit i started selling EurAUD two months before under the belief of AUD get strong. Due to lack of experience, i couldnt understand the Tradewar impacted the AUD. I continued selling at regular interval under the belief that AUD get strong. Pips went against me around -5000 points, drawdown almost 40% but i had enough margin to safeguard the balance. Between 1.6350 - 1.6075 swing i managed to lock 2000points as of now and waiting for the break of 1.6000 level. i could have gone out with minor loss but out of sheer ego and confidence of aud get...
What kind of swing trading is this? 2 months is way too long. especially when you're on the wrong end of the trade. cut your losses early or else you won't last in this game.
  • #21,989
  • Oct 28, 2018 10:34am Oct 28, 2018 10:34am
Quoting Davit
NJ fits all criteria for this system. Can't get any easier {image}
I am surprised that more did not post NJ trades after Davit's Alert, the Master! Page 1096, Post 21,910. Just 5 Posts earlier, I had addressed some classic technical constructions - a waste of time! Pivot levels and S/R the king!
A quad bottom formed that respected the previous Triple Bottom commented by Bubincka even earlier.
I believed the Master. + 523 Pips!
Davit posted his results - Post 21,947, Page 1098 +780 Pips!
Attached Image (click to enlarge)
Click to Enlarge Name: NJ Results 10-26-18.jpg Size: 11 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NJ M30 1550 10-26-18.jpg Size: 153 KB
  • #21,990
  • Oct 28, 2018 12:45pm Oct 28, 2018 12:45pm
i got a trouble

can someone help me

when i attach "TMS_Angleator V3 - RT2" to a chart, my mt4 popup nothing.

and i load the "Davit Pivots.tpl" and it didnt work too.

i had make sure all the indicator in the right file.

thank sooooooo much!
  • #21,991
  • Oct 28, 2018 12:48pm Oct 28, 2018 12:48pm
Quoting dluvff
i got a trouble can someone help me when i attach "TMS_Angleator V3 - RT2" to a chart, my mt4 popup nothing. and i load the "Davit Pivots.tpl" and it didnt work too. i had make sure all the indicator in the right file. thank sooooooo much!
Close MT4 and re-open.....or refresh,right click on any yellow folders in Navigator panel and hit refresh.....be sure Template goes in the correct folder and indicators as well
  • #21,992
  • Oct 28, 2018 2:52pm Oct 28, 2018 2:52pm
From Tuesday there are some interesting economic data for EURO zone: unemployement , CPI and GDP, especially for Germany. Let's see if better results can uplift EUR against USD.
Discipline and winning attitude
  • #21,993
  • Oct 28, 2018 4:33pm Oct 28, 2018 4:33pm
Quoting elan1988
Davit i started selling EurAUD two months before under the belief of AUD get strong. Due to lack of experience, i couldnt understand the Tradewar impacted the AUD. I continued selling at regular interval under the belief that AUD get strong. Pips went against me around -5000 points, drawdown almost 40% but i had enough margin to safeguard the balance. Between 1.6350 - 1.6075 swing i managed to lock 2000points as of now and waiting for the break of 1.6000 level. i could have gone out with minor loss but out of sheer ego and confidence of aud get...
This happens and did happened to me on EG end up holding it for almost a year however what I did kept selling the tops collect wait price hit 88+ sell again and again over 10 times I think and not only it covered my loss but made good profit on it.
So in your case once you see price not breaking 1.60 put a SL to collect profit wait price jump up sell again do it as often as swings allow to eventually price breaking south or close enough that taking the loss would be equalized+ by repeated profit taking
In trading, you have to be defensive and aggressive at the same time
  • #21,994
  • Oct 28, 2018 4:35pm Oct 28, 2018 4:35pm
Quoting Gmo
{quote} I am surprised that more did not post NJ trades after Davit's Alert, the Master! Page 1096, Post 21,910. Just 5 Posts earlier, I had addressed some classic technical constructions - a waste of time! Pivot levels and S/R the king! A quad bottom formed that respected the previous Triple Bottom commented by Bubincka even earlier. I believed the Master. + 523 Pips! Davit posted his results - Post 21,947, Page 1098 +780 Pips! {image} {image}
Please stop calling me "master" no such thing.Just sharing what I do
thank you
In trading, you have to be defensive and aggressive at the same time
  • #21,995
  • Oct 28, 2018 4:38pm Oct 28, 2018 4:38pm
Quoting voty
Hello, Enjoying my birthday today and planning to come back to trading next week. What a great news to see you back Davit!!! And big thanks for one more present I got today. #WelcomeBackDavit
happy birthday Voty
I wish you great deal of and happiness
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #21,996
  • Oct 28, 2018 4:52pm Oct 28, 2018 4:52pm
My focus this week among other pairs is AN
Had you done your calendar events you would know why and not going to spoon feed here.
870 is becoming strong R on this pair and likely this dropping more which would be great to build longs.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #21,997
  • Oct 28, 2018 5:18pm Oct 28, 2018 5:18pm
for all Red Sox fans
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #21,998
  • Oct 28, 2018 5:26pm Oct 28, 2018 5:26pm
Quoting Davit
My focus this week among other pairs is AN Had you done your calendar events you would know why and not going to spoon feed here. 870 is becoming strong R on this pair and likely this dropping more which would be great to build longs. {image}
HI,
i am new around here and i confess i didn't start from post 1as i should.
Would you consider R61 also for potential reversal?
thanks and sorry...
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 89 KB
If you don't know how to earn money, don't loose it.
  • #21,999
  • Oct 28, 2018 5:33pm Oct 28, 2018 5:33pm
Quoting Davit
for all Red Sox fans {image}
That's right Davit, one more and then time for a celebration...
  • #22,000
  • Oct 28, 2018 6:13pm Oct 28, 2018 6:13pm
Quoting coolmakina
{quote} HI, i am new around here and i confess i didn't start from post 1as i should. Would you consider R61 also for potential reversal? thanks and sorry...{image}
Price can do anything
I would suggest you clean up your chart from all the junk. Can't trade pivots if your one leg is stuck what you were doing prior perhaps unsuccessfully.
You got to let go of your past.
I got indicators and template.
In trading, you have to be defensive and aggressive at the same time
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