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Pivot Trading

  • #22,501
  • Nov 8, 2018 1:59am Nov 8, 2018 1:59am
AN on the move as well, but i a bit nervous adding some position

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"bad trades at times do happen even when the set up are good"
  • #22,502
  • Nov 8, 2018 2:03am Nov 8, 2018 2:03am
Quoting jmn5611
{quote} I wanted to add to Davit's advice about an orderly exit. If you see that your absolute dollar stop will be hit within a two day ATR of your pair, consider reducing size until you get that up to a three day ATR. This is my suggestion only. This way, if you find yourself in a fundamental trend you can plan your exits. You can also begin to trade in the direction of the trend and begin to capitalize on that move. I will leave you to find out what pivot level Davit decides he is in a strong fundamental trend. It is in the thread. Hope this helps...
Once again, there's no stress or panic. I was in that trade earlier than Davit, price moved in my way one day but the other day against me and eventually the move was 200 pips against me. I cut some losses when it was like 100 pips against me but if I looked at monthly and weekly chart I could almost certainly say that market proved me wrong. Odds seem to be against me, there are better trades for taking than this one.

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  • #22,503
  • Nov 8, 2018 2:03am Nov 8, 2018 2:03am
Quoting spijack
AN on the move as well, but i a bit nervous adding some position {image}
I like your notes on top of the screen hehehe
Building a Freedom All Time Return: 5,178.8%
  • #22,504
  • Nov 8, 2018 2:06am Nov 8, 2018 2:06am
Quoting J1mm
{quote} I like your notes on top of the screen hehehe
it's something first to remember before taking any position
"bad trades at times do happen even when the set up are good"
  • #22,505
  • Nov 8, 2018 2:44am Nov 8, 2018 2:44am
reloaded my EU long, target- R100
  • #22,506
  • Nov 8, 2018 2:54am Nov 8, 2018 2:54am
NC will reload more positions below R100
  • #22,507
  • Nov 8, 2018 4:08am Nov 8, 2018 4:08am
Nice patience paid off
EC +1221 average position of 70 pips.Happy with that.
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In trading, you have to be defensive and aggressive at the same time
  • #22,508
  • Nov 8, 2018 4:14am Nov 8, 2018 4:14am
Quoting spijack
closed EC+713 {image}
nice just did the same
In trading, you have to be defensive and aggressive at the same time
  • #22,509
  • Nov 8, 2018 4:16am Nov 8, 2018 4:16am
Quoting spijack
AN on the move as well, but i a bit nervous adding some position {image}
You must not be nervous.Reduce size of your trades and relax. AN is the easiest pair to buy.Both economies are interlinked and basically it has been in a range for long time.
In trading, you have to be defensive and aggressive at the same time
  • #22,510
  • Nov 8, 2018 10:46am Nov 8, 2018 10:46am
Looks like when I don't post this place gets quiet....Not the ideal situation of a forum...
In trading, you have to be defensive and aggressive at the same time
  • #22,511
  • Nov 8, 2018 10:47am Nov 8, 2018 10:47am
Quoting Davit
Looks like when I don't post this place gets quiet....Not the ideal situation of a forum...
Taking the words out of my mouth
We obey the structure that results from the market's reaction
  • #22,512
  • Nov 8, 2018 10:52am Nov 8, 2018 10:52am
Maybe our viewers is waiting for signals?
We obey the structure that results from the market's reaction
  • #22,513
  • Edited 1:38pm Nov 8, 2018 11:02am | Edited 1:38pm
Summary collation of June 2018 of Davit's Posts on this FF Thread "Pivots Trading":


Attached File(s)
File Type: pdf File 26 - Davit's Posts on his Pivot Trading thread-2018-06 Pages - 240.pdf   8.5 MB | 690 downloads



Regards.
-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #22,514
  • Nov 8, 2018 11:04am Nov 8, 2018 11:04am
Quoting Egbert
Maybe our viewers is waiting for signals?
Not waiting for signals myself but fighting against NZD.
I will let you know in the end who will win.
Cheers
  • #22,515
  • Nov 8, 2018 11:14am Nov 8, 2018 11:14am
UJ recovering from midterm lows. Weak yen playing on this pair -Will see what the fed has to say in a couple of hours.
  • #22,516
  • Nov 8, 2018 11:40am Nov 8, 2018 11:40am
Quoting Davit
{quote} You must not be nervous.Reduce size of your trades and relax. AN is the easiest pair to buy.Both economies are interlinked and basically it has been in a range for long time.
yes i will start reducing some size...
for now waiting for FOMC, all position...
"bad trades at times do happen even when the set up are good"
  • #22,517
  • Nov 8, 2018 12:36pm Nov 8, 2018 12:36pm
Question to Davit & everyone else:

did you make a statistics about average TP from S/R levels after first touch?

I have made EU and example from R78 the average TP (last 58 weeks) is 112 pips. Do these statistics have any significance?
  • #22,518
  • Nov 8, 2018 12:44pm Nov 8, 2018 12:44pm
Quoting armaros
Do these statistics have any significance?
definitely, this game is all about the statistics
As Above, So Below
  • #22,519
  • Nov 8, 2018 12:48pm Nov 8, 2018 12:48pm
Quoting armaros
Question to Davit & everyone else: did you make a statistics about average TP from S/R levels after first touch? I have made EU and example from R78 the average TP (last 58 weeks) is 112 pips. Do these statistics have any significance?
That's why I have ADR indicator... Its a nice tool to see the range. PA should dictate TP levels.Some days are short some days long.Events,fundamentals influence like in 13min price can shoot up 200pips or down 200pips

Focus what is taking place less so what has happened.

Just a question R78 to where? Your post is vague
In trading, you have to be defensive and aggressive at the same time
  • #22,520
  • Nov 8, 2018 12:50pm Nov 8, 2018 12:50pm
Quoting armaros
Question to Davit & everyone else: did you make a statistics about average TP from S/R levels after first touch? I have made EU and example from R78 the average TP (last 58 weeks) is 112 pips. Do these statistics have any significance?
It's all depending by market conditions.
I looked at how price behaves around WR100/WS100.
Guess what. Sometimes holds and sometimes fails.
There are cases where for 2 or 3 times in a row price bust levels.
So the focus should be PA and Pivots are tools that assist us.
Don't sell/buy just because you are at a level.
Cheers
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