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Pivot Trading

  • #24,601
  • Jan 31, 2019 11:00am Jan 31, 2019 11:00am
Hi Guys,

How far can this CAD go? Does anyone know please?
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  • #24,602
  • Jan 31, 2019 11:11am Jan 31, 2019 11:11am
Quoting dollarman
Hi Guys, How far can this CAD go? Does anyone know please? {image}
Price moves towards the weekly pivot to S38
  • #24,603
  • Jan 31, 2019 11:14am Jan 31, 2019 11:14am
Quoting ranilo.vince
{quote} Yes! NC already showing signs of exhaustion... Even though CAD results are somehow unchanged, still this pair is ready to go down.. Just need more push! {image} EDIT: Together with AC... {image}
Results:
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Attached Image (click to enlarge)
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Need to get my sleep which is more important..

Tried hammering orders using 0.01 lot only in 5 min chart. And somehow easy Davit. Got your point, add sell orders every time price rallies up so you can get better price to sell later..


EDIT:
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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I know it's not impressive but I know that I'm getting better than yesterday and thanks to you Davit!
We're not here to be right, we're here to Profit Consistently!
  • #24,604
  • Jan 31, 2019 11:22am Jan 31, 2019 11:22am
Quoting fibo38
Very good Davit. A lot of pips are stealing ... I'm glad I was short on gold. Tomorrow will be a great day {image}
Wow!!!

Congrats! I missed my favourite pair. Was too occupied with other pairs thinking USD won't move that much coz it's NFP week.
We're not here to be right, we're here to Profit Consistently!
  • #24,605
  • Jan 31, 2019 11:44am Jan 31, 2019 11:44am
Quoting dollarman
Hi Guys, How far can this CAD go? Does anyone know please? {image}
No one has a clue!!! We can't see the future. Strap on a pair and take ownership!
  • #24,606
  • Jan 31, 2019 11:58am Jan 31, 2019 11:58am
hi davit

I know you don't care about people's praise
but as a new member who still can't contribute to this threads at least I want to thank you, you open my eyes.
indeed I still can't trade like you, but at least I can adopt your style, I never imagined I would strip my MA.
you make a great system,enjoyable system i think.

tumbs up for your generousity
  • #24,607
  • Jan 31, 2019 1:29pm Jan 31, 2019 1:29pm
jojo96 , it's GREAT to acknowledge DAVIT , and admit to yourself that you needed more education/guidance /experience.

Not so long ago , I was in your place and because of DAVIT's THREAD , my trading experience has gone through the roof.

This is the best thread on the Web , in my opinion.

You have everything to gain ,
Regards ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #24,608
  • Jan 31, 2019 2:29pm Jan 31, 2019 2:29pm
Quoting MrAnderson
EUR/USD: Short Target: 61R 1.145 {image}
TP reached on EUR/USD.

Added another sell position to NZD/CAD after the news release.

Target still the same.
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  • #24,609
  • Edited 3:15pm Jan 31, 2019 2:54pm | Edited 3:15pm
Quoting ranilo.vince
{quote} Results: {image} {image} Need to get my sleep which is more important.. Tried hammering orders using 0.01 lot only in 5 min chart. And somehow easy Davit. Got your point, add sell orders every time price rallies up so you can get better price to sell later.. EDIT: {image} {image} I know it's not impressive but I know that I'm getting better than yesterday and thanks to you Davit!
Nice progress.Just a correction when I say price rallies I don't mean tiny fluctuations of price on 1min chart.Rally to me is (look at the chart)
Its pretty obvious

It took me many years really to understand the markets and once you do everything falls in right place.
One of the key components of successful trading is mimicking what market makers/ institutional traders do that is

In down trend SELL the Rallies
UP trend Buy the Dips
Not sure about the trend click on weekly chart and look at closed candles.Is price making HH? Yes? or Is it ranging? You have to get this right.Anyway this is to me professional way to see price and your actions should be in sink.

There are other factors SWINGS and Swing failures
Swing can fail in UP trend or Down trend.Why is this? Cyclical structure of the markets hitting heavy orders collecting profits.This happens within a larger trend.
Pivots reflects this cycle accumulation distribution profit taking.

At CJ chart you can see why I only buy the dips and don't sell.Obviously I am trading with larger trend.


Hope this helps others
Attached Image(s) (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #24,610
  • Jan 31, 2019 3:00pm Jan 31, 2019 3:00pm
Quoting Davit
{quote} Nice progress.Just a correction when I say price rallies I don't mean tiny fluctuations of price on 1min chart.Rally to me is (look at the chart) {image}
Buyers Loosing steam by the looks of it.
  • #24,611
  • Jan 31, 2019 3:22pm Jan 31, 2019 3:22pm
Quoting RieseP
{quote} Buyers Loosing steam by the looks of it.
Your job is to correctly identity swing failure and make a decision to trade preferably 1 direction only.You must make a decision on every pairs.I find selling and buying same pair does not work.
You heard the saying right? Bulls make money. Bears make money. Pigs get slaughtered.There is wisdom in this.
In trading, you have to be defensive and aggressive at the same time
  • #24,612
  • Jan 31, 2019 3:23pm Jan 31, 2019 3:23pm
Quoting dollarman
Hi Guys, How far can this CAD go? Does anyone know please? {image}
you are removed.Green pips and have safe journey in Forex.
In trading, you have to be defensive and aggressive at the same time
  • #24,613
  • Jan 31, 2019 3:27pm Jan 31, 2019 3:27pm
Quoting Davit
{quote} Nice progress.Just a correction when I say price rallies I don't mean tiny fluctuations of price on 1min chart.Rally to me is (look at the chart) Its pretty obvious It took me many years really to understand the markets and once you do everything falls in right place. One of the key components of successful trading is mimicking what market makers/ institutional traders do that is In down trend SELL the Rallies UP trend Buy the Dips Not sure about the trend click on weekly chart and look at closed candles.Is price making HH? Yes? or Is it...
This Mind Blowing Thanks Davit...
  • #24,614
  • Jan 31, 2019 3:58pm Jan 31, 2019 3:58pm
Quoting Davit
{quote} Nice progress.Just a correction when I say price rallies I don't mean tiny fluctuations of price on 1min chart.Rally to me is (look at the chart) Its pretty obvious It took me many years really to understand the markets and once you do everything falls in right place. One of the key components of successful trading is mimicking what market makers/ institutional traders do that is In down trend SELL the Rallies UP trend Buy the Dips Not sure about the trend click on weekly chart and look at closed candles.Is price making HH? Yes? or Is it...
This helps plenty, clarifies a lot of things for me, thank you.
  • #24,615
  • Jan 31, 2019 6:08pm Jan 31, 2019 6:08pm
NZDUSD, lets see where it goes.., eurusd waiting for hit tp and get out before nfp
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  • #24,616
  • Jan 31, 2019 6:49pm Jan 31, 2019 6:49pm
Quoting fibo38
Very good Davit. A lot of pips are stealing ... I'm glad I was short on gold. Tomorrow will be a great day {image}
Hello fibo38,

wanna ask, may i know indicator additional you use box of 3 line ( red, yellow and green ) ?

thanks.


Hello Davit,

thanks for this nice thread. very helpful.



Regards,
Attached Image
  • #24,617
  • Jan 31, 2019 7:55pm Jan 31, 2019 7:55pm
I believe those colored lined belong to this indicator. You can choose whatever color you'd like for the lines.
Attached File(s)
File Type: ex4 ATRprojections.ex4   10 KB | 650 downloads
  • #24,618
  • Jan 31, 2019 10:17pm Jan 31, 2019 10:17pm
AN moving into the bargain basement!
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  • #24,619
  • Jan 31, 2019 10:29pm Jan 31, 2019 10:29pm
Quoting Joeyd
I believe those colored lined belong to this indicator. You can choose whatever color you'd like for the lines. {file}
Hi Joeyd,

thanks for the indicator.



Regards,
  • #24,620
  • Jan 31, 2019 10:54pm Jan 31, 2019 10:54pm
Quoting langtoni
AN moving into the bargain basement! {image}
Hi there, what is your app? Tradingview or what? Thanks
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