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Pivot Trading

  • #22,021
  • Oct 29, 2018 10:33am Oct 29, 2018 10:33am
Quoting RonFXLive
Hi Davit, Finally!! Welcome back to your home ground. Ron.
welcome back
In trading, you have to be defensive and aggressive at the same time
  • #22,022
  • Oct 29, 2018 10:36am Oct 29, 2018 10:36am
Quoting Fari-Logical
@Davit, There are many traders who do not trade news, cause of lack of command(experience) on fundamentals, so if you dont mind, would you like to give a concluded summary on trading fundamental??? I will be thankful for this kindness.
I am sorry but I am going to remove you from here. Not sufficient experience to be here.I read your replies and lot of them asking trade opinions what others think and that's tall tell sign of someone just starting out.
I must keep this thread on high level instead of getting dragged down to turtle pace by rookies.
Quoting Fari-Logical
Dear seniors please I need ur suggestion Im traped in GU in buy at 3414. And i think it well be more down i cant afford too much it will wipe my account till 1.30xx . Can it goes up for retracement before touching 1.30xx.......???
In trading, you have to be defensive and aggressive at the same time
  • #22,023
  • Oct 29, 2018 10:52am Oct 29, 2018 10:52am
hi davit would u like to tell whts wrong with me
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  • #22,024
  • Oct 29, 2018 11:18am Oct 29, 2018 11:18am
Quoting aahsan
hi davit would u like to tell whts wrong with me {image}
you have an idiotic indicator buy sellyou will never become a trader with that kind of junk
you are removed
In trading, you have to be defensive and aggressive at the same time
  • #22,025
  • Edited 11:46am Oct 29, 2018 11:33am | Edited 11:46am
Its been productive day cleaning the thread
NEXT? step right up

Guys who ignore 1st page take advantage of me and others here deserve to be kicked out.No time for time wasters
Just because its public forum/thread does not mean rules don't apply
This is my methodology and either you comply with Pivot system or simply don't be here.Choice is yours
In trading, you have to be defensive and aggressive at the same time
  • #22,026
  • Oct 29, 2018 12:26pm Oct 29, 2018 12:26pm
Quoting mizi123
Maybe somone will like the idea of havin rules on the chart reading and focusing on them before you take a decision {image}
Best illustration of Method I have seen. Not mine someone else gets credit.
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Invest in Life
  • #22,027
  • Oct 29, 2018 12:48pm Oct 29, 2018 12:48pm
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Double top being formed on UC, normally I'd wait until r61 to load the shorts, but I feel 1.32 is too high for this pair right now and with weekly outlook looking positive for cad and negative for usd, i'm inclined to release some of my troops on this short position. Not all. But will still wait for price action on the 30min/1hr to confirm my entry.
  • #22,028
  • Edited 2:43pm Oct 29, 2018 2:29pm | Edited 2:43pm
UJ trade... price may be eyeballing the R61 or R1

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...just saying ; )─
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #22,029
  • Oct 29, 2018 3:30pm Oct 29, 2018 3:30pm
Quoting Mundo
{quote} Best illustration of Method I have seen. Not mine someone else gets credit. {image}
If my memory is correct that was put together by MrAussieFX
Who I really like to come back one of the best pivot traders

Here found it
https://www.forexfactory.com/showthr...2#post11051512
post 18518
In trading, you have to be defensive and aggressive at the same time
  • #22,030
  • Oct 29, 2018 3:37pm Oct 29, 2018 3:37pm
Quoting Davit
{quote} If my memory is correct that was put together by MrAussieFX Who I really like to come back one of the best pivot traders Here found it https://www.forexfactory.com/showthr...2#post11051512 post 18518
He posted a video of YouTube 3 weeks ago using weekly pivot points so he is still actively trading using this method.
  • #22,031
  • Oct 29, 2018 3:46pm Oct 29, 2018 3:46pm
Quoting Davit
{quote} If my memory is correct that was put together by MrAussieFX Who I really like to come back one of the best pivot traders Here found it https://www.forexfactory.com/showthr...2#post11051512 post 18518
Oh... so the one on the video used MrAussieFx's chart-method walkthrough from this thread... as the one on the video doesn't sound Aussie to me (not profiling here) in my opinion.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #22,032
  • Oct 29, 2018 3:47pm Oct 29, 2018 3:47pm
Quoting RieseP
{quote} He posted a video of YouTube 3 weeks ago using weekly pivot points so he is still actively trading using this method.
you got a link to video? thks
In trading, you have to be defensive and aggressive at the same time
  • #22,033
  • Oct 29, 2018 3:50pm Oct 29, 2018 3:50pm
Quoting v2vboni
{quote} Oh... so the one on the video used MrAussieFx's chart-method walkthrough from this thread... as the one on the video doesn't sound Aussie to me (not profiling here) in my opinion.
Oh! sorry it is him.. he introduced himself at the beginning of the video

Inserted Video
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #22,034
  • Oct 29, 2018 3:55pm Oct 29, 2018 3:55pm
Quoting v2vboni
{quote} Oh! sorry it is him.. he introduced himself at the beginning of the video https://www.youtube.com/watch?v=dweUH5NqNFE&t=2s
It has the basics, I don’t think it deserves popcorn by any chance . However I think it be good to have some viedo content on this thread.
  • #22,035
  • Oct 29, 2018 4:01pm Oct 29, 2018 4:01pm
Quoting RieseP
{quote} It has the basics, I don’t think it deserves popcorn by any chance . However I think it be good to have some viedo content on this thread.

I like the PDFs posted by Gmo - method checklist thingy... and another set of PDF from the other guy. I forgot his handle here ; )─
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #22,036
  • Oct 29, 2018 4:02pm Oct 29, 2018 4:02pm
Quoting v2vboni
{quote} Oh! sorry it is him.. he introduced himself at the beginning of the video https://www.youtube.com/watch?v=dweUH5NqNFE&t=2s
I like to add that in addition to video info I look at the calendar events filtering best probable trades and zero in on it.
Example we had lots of red PMI's last week on Euro I said I was planning to sell the Euro against crosses mostly EA and EN and that's exactly what I did once those numbers printed red.
Also Pivots trading does not mean automatic counter-trading.Certain pairs I trade with the main trend and it can be traded 1 direction only with main trend buying dips or selling rallies which I do often.
This is important because I don't want people to think we are standing in front of the train every day.
I might do a comprehensive video incorporating everything.There are lots of nuances.
In trading, you have to be defensive and aggressive at the same time
  • #22,037
  • Oct 29, 2018 4:07pm Oct 29, 2018 4:07pm
Quoting Davit
{quote} I like to add that in addition to video info I look at the calendar events filtering best probable trades and zero in on it. Example we had lots of red PMI's last week on Euro I said I was planning to sell the Euro against crosses mostly EA and EN and that's exactly what I did once those numbers printed red. Also Pivots trading does not mean automatic counter-trading.Certain pairs I trade with the main trend and it can be traded 1 direction only with main trend buying dips or selling rallies which I do often. This is important because I...
Yes Davit, this sounds good
  • #22,038
  • Oct 29, 2018 4:16pm Oct 29, 2018 4:16pm
Ok guys lets go over simple chart NJ
I have been buying every dip Why you may ask! Simple look its classic range chart and we at the bottom going north.
Once this is established we are looking dips to buy. Simple correct?
Pull your calendar events and look. BOJ data coming up hence dips very likely.

There you just got a trading plan for this pair and you can repeat same on AJ
That's Tues Oct 30. Had you not been aware of BOJ and totally oblivious to news then you might of missed golden opportunity to make solid $$
You just got a beautiful insight without paying 500 for a shit course with lots of mambo jumbo.I go over calendar events carefully and I am totally aware whats coming.Knowledge is confidence and an Edge.
Now look at same chart with pivots.Clears up beautifully
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In trading, you have to be defensive and aggressive at the same time
  • #22,039
  • Oct 29, 2018 4:17pm Oct 29, 2018 4:17pm
Quoting Davit
{quote} If my memory is correct that was put together by MrAussieFX Who I really like to come back one of the best pivot traders Here found it https://www.forexfactory.com/showthr...2#post11051512 post 18518
Thanks Davit...saved that image and it goes wherever I go. It is an accurate image of the method.
Invest in Life
  • #22,040
  • Oct 29, 2018 4:26pm Oct 29, 2018 4:26pm
Quoting Davit
{quote} I like to add that in addition to video info I look at the calendar events filtering best probable trades and zero in on it. Example we had lots of red PMI's last week on Euro I said I was planning to sell the Euro against crosses mostly EA and EN and that's exactly what I did once those numbers printed red. Also Pivots trading does not mean automatic counter-trading.Certain pairs I trade with the main trend and it can be traded 1 direction only with main trend buying dips or selling rallies which I do often. This is important because I...
Davit, I think one of my main struggles as I was starting with this system was every R/S 61-100, I would look for reversal in direction of WPP, I would make profits actually, but I learned very very quickly that became a horrible recipe for disaster, because i would blindly enter reversal at those zones and get into huge drawdowns not understanding why and blaming the system too difficult. I don't have 2 years experience, but I have a brain and willingness to learn learn learn. I have an obsessive personality so when I pick something I'm interested in, I obsess over it.

That being said, It became very clear to me my mistakes needed to be corrected quickly. I needed to recognize overall trend, i needed to recognize if price movement is just a dip/rally, need to look at weekly calendar religiously, need to recognize price patterns and PA, and so much more. This is an incredible system but it's not as simple as ABC. As you said, so many nuances but I love every minute of it and always learning and absorbing new and relevant information.
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