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Pivot Trading

  • #23,341
  • Dec 7, 2018 12:35pm Dec 7, 2018 12:35pm
Hey GreenEarth, You are so right ! My best outcome so far with PATIENCE, DILIGENCE and sticking with Davit's Pivot Trading System: EC +2514.0 {image} Thanks Davit and friends, you all are awesome ! And special thanks Voty for your brilliant coding for Davit and friends ! Regards, John[/quote]

Dr Forex MD , this thread is the BEST ON THE WEB in my opinion. Davit was more than patient with me. This thread is a treasure trove of experience. Fantastic traders who have also helped me with their constructive criticism. I have truly been blessed.

If an individual fails to earn money using this system , then , they are NOT using the system the way it is SPELLED OUT to each and every one of us. This would constitute a failure of the PERSON and their inability to follow instruction , NOT THE SYSTEM.

PIVOT TRADING WORKS !!!! MANAGE YOUR LOT SIZES !!!!

GREEN PIPS TODAY and EVERYDAY ,
Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #23,342
  • Dec 7, 2018 12:44pm Dec 7, 2018 12:44pm
Quoting ranilo.vince
{quote} I AM CERTAINLY NOT TALKING TO YOU! YOU ONLY SPEAK IN THIS THREAD IF IT'S USELESS OR JUST KEEPS ASKING FOR OTHER'S OPINIONS. MIND YOU, MOST OF THE THINGS YOU SAY IN THIS THREAD ARE JUST SIDE COMMENTS OF NONSENSE! OR MAYBE YOU'RE JUST IN THIS THREAD TO WAIT FOR TRADE SIGNALS... ANYWAY, I'm NOT Here to explain myself or certainly NOT be a leecher, I'm just here to CONTRIBUTE and to Show that Davit's system really works and I'm thankful to him coz my equity just keeps rising...
guys lets cool off.We are a pivot family drink some beer and relax.Trading is already stressful enough so we don't need to add more.
Make up and move on.
In trading, you have to be defensive and aggressive at the same time
  • #23,343
  • Dec 7, 2018 12:46pm Dec 7, 2018 12:46pm
Just a heads up EG is topping out. R78 is losing steam.
I know fundamentals suck on this pair but I took the bite.
In trading, you have to be defensive and aggressive at the same time
  • #23,344
  • Dec 7, 2018 12:50pm Dec 7, 2018 12:50pm
Quoting Davit
Still holding basically all my CAD pairs including crosses since I think there is lot more in the tank.
Hi Davit, me too.

Now after nerve comes the time of real patience.
Porta itineris dicitur longissima esse
  • #23,345
  • Dec 7, 2018 5:16pm Dec 7, 2018 5:16pm
Wild week and wild day on Wall Street
I am glad I am not trading stocks! Constant drum beating of Feds is scaring the market and I wished we had Yelen's type she was lot more cautious.Powell is like a typical cold pencil pusher and seem out of touch with reality.There is absolutely no logic to hike more there is no inflation to speak about and economy is already showing signs of weakness.Big drop in manufacturing ordering,housing and lay off coming from car industry China trade issues are rattling the market.


Biggest event next week is ECB conference Thurs. Euro could get wings until Thurs and may crash after since Draghi has been pessimistic on Euro recovery specially that German and French data is slowing down
Anyway should be crazy race to Christmas

Something worth sharing
Fed’s Bullard argues against December interest-rate hike
In trading, you have to be defensive and aggressive at the same time
  • #23,346
  • Dec 7, 2018 6:09pm Dec 7, 2018 6:09pm
Quoting Davit
Wild week and wild day on Wall Street I am glad I am not trading stocks! Constant drum beating of Feds is scaring the market and I wished we had Yelen's type she was lot more cautious.Powell is like a typical cold pencil pusher and seem out of touch with reality.There is absolutely no logic to hike more there is no inflation to speak about and economy is already showing signs of weakness.Big drop in manufacturing ordering,housing and lay off coming from car industry China trade issues are rattling the market. Biggest event next week is ECB conference...
Agreed and more pain could be in store. Yearly candle on S&P, NASDAQ and DOW are painting a grim picture.

Attached Image (click to enlarge)
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Trade with confidence, trade without fear.
  • #23,347
  • Dec 8, 2018 5:36am Dec 8, 2018 5:36am
Quoting Davit
{quote} Voty narrow your focus.You seem to be all over the place pick 1trade that is best in Pivots situation S/R and hummer it hard.
Thank's David but not really I was everywhere. In fact only in CAD pairs, which I don't really now. And S&P which I trade quite often.
The main reason why I got out from a good S&P set-up is that I was long. And I am super bearish about indexes.
And besides CAD heavy I was also Martini heavy. So I need to put also alcohol test in my trade evaluation check list lool.
buying tops / selling bottoms
  • #23,348
  • Dec 8, 2018 8:20am Dec 8, 2018 8:20am
Quoting Cryptosurf
{quote} Agreed and more pain could be in store. Yearly candle on S&P, NASDAQ and DOW are painting a grim picture. {image}
Well agree with you guys, only I would not call this a pain but rather as an opportunity.

There are great swings up and down on S&P daily chart (or any other US index) and $$$ just waiting if you catch the swing right.
I would also not feel any pain to short Dow Jones Industries all the way down to 13.500 = cut in half as during the previous crash in 2008.
In my chart S&P I am watching just these two lines and price action around them. Closing a day below 2635 would mean a drop confirmation for me...
Attached Image (click to enlarge)
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buying tops / selling bottoms
  • #23,349
  • Dec 8, 2018 9:10am Dec 8, 2018 9:10am
Quoting voty
{quote} Well agree with you guys, only I would not call this a pain but rather as an opportunity. There are great swings up and down on S&P daily chart (or any other US index) and $$$ just waiting if you catch the swing right. I would also not feel any pain to short Dow Jones Industries all the way down to 13.500 = cut in half as during the previous crash in 2008. In my chart S&P I am watching just these two lines and price action around them. Closing a day below 2635 would mean a drop confirmation for me... {image}
I agree, great opportunities with these are ahead. I regularly trade these (intraday only) and the swings have been pretty wild.
Trade with confidence, trade without fear.
  • #23,350
  • Dec 8, 2018 11:22am Dec 8, 2018 11:22am
Quoting GreenEarth
Voty , Davit's Trading Method works , plain and simple. Just follow it EXACTLY AS HE HAS STATED SO MANY TIMES , EVERYBODY !!! PATIENCE !! , MARK DOUGLAS VIDEO'S , as per DAVIT's recommendation. BEST THREAD ON THE WEB FOR EXPERIENCED FOREX TRADERS !!!!! Regards , GE
Not sure why exactly are are you telling me this. Because I certainly know this and that's why I'm on this thread.
buying tops / selling bottoms
  • #23,351
  • Dec 8, 2018 12:23pm Dec 8, 2018 12:23pm
Quoting ranilo.vince
with CAD's strength.. Let's see if we can still capture a decent move before weekend.. Shorting UC and NC... {image} {image}
Hello Ranilo,
My name is David and I am addicted to pivots, price action and TDI.

In your chart UC I could see you placed shorts around pivot followed by the drop from R100, so exactly where you should take profits already.
It is certainly a good idea to wait for the news events how they unfold, but entering this late means this entry was a low probability.
buying tops / selling bottoms
  • #23,352
  • Dec 8, 2018 2:37pm Dec 8, 2018 2:37pm
In one of my accounts I am still short UC since 6 weeks ago.
I basically come once a week to this chart how it's going, as I was expecting 1.355 to be hit before reversal.

Well looking this week and the long wick, it seems that's it for bulls and we will be moving south from here.
Getting ready to add shorts when PA agrees and get out in profit.
Attached Image (click to enlarge)
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buying tops / selling bottoms
  • #23,353
  • Dec 8, 2018 2:48pm Dec 8, 2018 2:48pm
Interesting read.

Week ahead – The Great Washout

https://e-markets.nordea.com/#!/arti...-great-washout
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #23,354
  • Dec 8, 2018 2:50pm Dec 8, 2018 2:50pm
Quoting voty
In one of my accounts I am still short UC since 6 weeks ago. I basically come here once a week to this chart how it's going as I expected 1.355 to be hit before reversal. Well looking this week and the long wick, it seems that's it for bulls and we will be moving south from here. Getting ready to add shorts when PA agrees and get out in profit. {image}
Hi
If you are short since 6 weeks ago probably you have paid a lots in swaps rollover etc...
So it's worth to keep orders in place for so long?
Usually my trades are less than 4 days long.
Cheers
  • #23,355
  • Dec 8, 2018 3:53pm Dec 8, 2018 3:53pm
Quoting voty
{quote} Hello Ranilo, My name is David and I am addicted to pivots, price action and TDI. In your chart UC I could see you placed shorts around pivot followed by the drop from R100, so exactly where you should take profits already. It is certainly a good idea to wait for the news events how they unfold, but entering this late means this entry was a low probability.
Hello David,

Thanks for your input. But we all have different approach and views of the market. I know how to go around and use Davit's strategy well especially price locations around pivot..

Just like I said, I don't enter a trade before news no matter what the setup is. I don't risk anymore to guess and assume what news outcome would be. Coz I tried that before, sometimes market can be irrational. So, best approach still is Price Action. Just like what Davit said, Pivots are just roadmaps, you also don't take trades blindly using pivots location only.

I hope that is already clear.
We're not here to be right, we're here to Profit Consistently!
  • #23,356
  • Dec 8, 2018 4:45pm Dec 8, 2018 4:45pm
Sorry to interrupt this thread, but don't you all think Pivot Trading is slowly getting less applicable on Charts?
I mean the rate of people using it and depending on it is noticeable lower...

I am to hear back from you, what do you think?
  • #23,357
  • Dec 8, 2018 5:05pm Dec 8, 2018 5:05pm
Quoting Merka
{quote} Hi If you are short since 6 weeks ago probably you have paid a lots in swaps rollover etc... So it's worth to keep orders in place for so long? Usually my trades are less than 4 days long. Cheers
Merka, not all accounts charge swap. I have been in trades for months because of no swap charges.
  • #23,358
  • Dec 8, 2018 6:33pm Dec 8, 2018 6:33pm
Hi guys looking forward for next week.Should be exciting
Tues- Parliament Brexit Vote should be interesting the one to sticky to your PC
Its holiday thin liquidity and I suspect GBP taking a beating prior to this event.I may exit my EG shorts I took on Friday but will monitor.
In trading, you have to be defensive and aggressive at the same time
  • #23,359
  • Dec 8, 2018 7:52pm Dec 8, 2018 7:52pm
Quoting Goodchoicefx
Sorry to interrupt this thread, but don't you all think Pivot Trading is slowly getting less applicable on Charts? I mean the rate of people using it and depending on it is noticeable lower... I am to hear back from you, what do you think?
Mean reversion has been a thing since the beginning my friend. A claim like this or any input would require a study of the probabilities over a given time period to show if the edge provided herein has changed over time... which I don't know if anyone on this thread has done. I would think its safe to say that the majority following here agree there is definitely an edge to trading fib pivots using this method.
Process over outcome.
  • #23,360
  • Dec 8, 2018 8:34pm Dec 8, 2018 8:34pm
Quoting Goodchoicefx
Sorry to interrupt this thread, but don't you all think Pivot Trading is slowly getting less applicable on Charts? I mean the rate of people using it and depending on it is noticeable lower... I am to hear back from you, what do you think?
That's true to all threads systems because people who fail often other then pivot or systems but much more to do with trading psychology.I mean stop loss and managing risk.
I like there is less people here rather have competent small group to trade with then thousands of incompetent time wasters.Pivots will always be here and they work because essentially all markets are Elliot Waves and swings are just waves.
Its not about MA's ,Biollinger Bands,Market Profile,Volume,Oscillators these are fallacies what I mean there are by product of the market past data but true market is independent of these indicators. Fibonacci pivots in my opinion comes closest to true market behavior which touches heart of it Elliot Waves.
In trading, you have to be defensive and aggressive at the same time
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