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Pivot Trading

Hi Guys,

How far can this CAD go? Does anyone know please?
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Quoting dollarman
Hi Guys, How far can this CAD go? Does anyone know please? {image}
Price moves towards the weekly pivot to S38
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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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:
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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!
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!
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!
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
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
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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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
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In trading, you have to be defensive and aggressive at the same time
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.
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
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
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...
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.
NZDUSD, lets see where it goes.., eurusd waiting for hit tp and get out before nfp
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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
I believe those colored lined belong to this indicator. You can choose whatever color you'd like for the lines.
Attached File
File Type: ex4 ATRprojections.ex4   10 KB | 366 downloads
AN moving into the bargain basement!
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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,
Quoting langtoni
AN moving into the bargain basement! {image}
Hi there, what is your app? Tradingview or what? Thanks
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