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Pivot Trading

  • #25,001
  • Feb 10, 2019 2:32pm Feb 10, 2019 2:32pm
Starting my week with positive vibe
Changing up my color scheme for a change.Goal 20k a monthGreen color fastest way to get there
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 50 KB
In trading, you have to be defensive and aggressive at the same time
  • #25,002
  • Feb 10, 2019 3:45pm Feb 10, 2019 3:45pm
Swiss Franc drops as much as 0.9% to 1.0096 per US dollar
among other things like massive negative swap Don't trade this piece of shit currency and have said this here numerous times!

If you trade this DON'T post on my thread because I will ban you!
In trading, you have to be defensive and aggressive at the same time
  • #25,003
  • Feb 10, 2019 4:10pm Feb 10, 2019 4:10pm
Quoting Davit
Swiss Franc drops as much as 0.9% to 1.0096 per US dollar among other things like massive negative swap Don't trade this piece of shit currency and have said this here numerous times! If you trade this DON'T post on my thread because I will ban you!
That is one of the funniest things I've heard on here! You'll ban people for mentioning that they trade USD/CHF Excellent! ha!
  • #25,004
  • Feb 10, 2019 4:10pm Feb 10, 2019 4:10pm
Hi Davit,
I am new to using Pivots..
I have a question..
last friday close.. AUD/USD was at S100..
As of today I am seeing AUD/USD at S38 ..
can you explain this ?
  • #25,005
  • Feb 10, 2019 4:17pm Feb 10, 2019 4:17pm
Quoting vin.sin
Hi Davit, I am new to using Pivots.. I have a question.. last friday close.. AUD/USD was at S100.. As of today I am seeing AUD/USD at S38 .. can you explain this ?
Sure..... Yesterday was raining and today is sunny, hope this helps

Davit will you be increasing your lot size or adding more positions to achieve £20k a month?
  • #25,006
  • Feb 10, 2019 4:27pm Feb 10, 2019 4:27pm
Quoting TheGreatMilenko
{quote} That is one of the funniest things I've heard on here! You'll ban people for mentioning that they trade USD/CHF Excellent! ha!
apparently you have reading comprehension issues.Read my post again!
In trading, you have to be defensive and aggressive at the same time
  • #25,007
  • Feb 10, 2019 4:28pm Feb 10, 2019 4:28pm
Quoting RieseP
{quote} Sure..... Yesterday was raining and today is sunny, hope this helps Davit will you be increasing your lot size or adding more positions to achieve £20k a month?
progressively yes
In trading, you have to be defensive and aggressive at the same time
  • #25,008
  • Feb 10, 2019 4:29pm Feb 10, 2019 4:29pm
Quoting vin.sin
Hi Davit, I am new to using Pivots.. I have a question.. last friday close.. AUD/USD was at S100.. As of today I am seeing AUD/USD at S38 .. can you explain this ?
We trade weekly pivots.Every week new pivots.Some think past pivots important me don't think so.Every week its clean sheet of paper.
More variables you add more confusion.I attack every week fresh
In trading, you have to be defensive and aggressive at the same time
  • #25,009
  • Feb 10, 2019 4:43pm Feb 10, 2019 4:43pm
Good Monday Morning... First I have to say that I have benefited a lot from this thread, after 1.5 years of unsucessful trading first using combination of SR lines/MACD crossover/BB... and then trying out stuff like hidden divergence, etc.

Nothing seems as accurate as this method. I have abandoned all other indicators other than those in Page 1.

I'm hoping to learn more and break even this year (I'm about 5k in the red) and make consistent good trades.

Thanks to everyone especially Davit for sharing!

I have a question here, how do we determine the TP levels properly? What I do now is let's say I enter 2 sell trades and I set TP1 at one of the key support levels, and then set TP2 at a lower support level. Am I doing it correctly?
  • #25,010
  • Feb 10, 2019 4:51pm Feb 10, 2019 4:51pm
Quoting ratsalad
Good Monday Morning... First I have to say that I have benefited a lot from this thread, after 1.5 years of unsucessful trading first using combination of SR lines/MACD crossover/BB... and then trying out stuff like hidden divergence, etc. Nothing seems as accurate as this method. I have abandoned all other indicators other than those in Page 1. I'm hoping to learn more and break even this year (I'm about 5k in the red) and make consistent good trades. Thanks to everyone especially Davit for sharing! I have a question here, how do we determine the...
I try to get at least 80pips a trade most cases I succeed in this but obviously there are always exceptions. PA goes against you and clearly not working it would be foolish not take TP even 30pips then turn +$ into negative trade.
You will get out of your red $$ you need to be consistent. Its a mental conditioning.
If you have not watched Mark Douglas videos please do.Understanding EDGE and Probability is critical.
Use search function on this thread you will find the videos.
In trading, you have to be defensive and aggressive at the same time
  • #25,011
  • Feb 10, 2019 4:51pm Feb 10, 2019 4:51pm
Quoting Davit
{quote} apparently you have reading comprehension issues.Read my post again!
Well it says that if anyone trades usd/chf not to post on your thread or you will ban them. The only way you would know someone posting on your thread is trading usd/chf is if they mentioned it.?
  • #25,012
  • Feb 10, 2019 4:55pm Feb 10, 2019 4:55pm
Quoting TheGreatMilenko
{quote} Well it says that if anyone trades usd/chf not to post on your thread or you will ban them. The only way you would know someone posting on your thread is trading usd/chf is if they mentioned it.?
Are you serious?Don't care what people do privately.I don't want to see CHF chart with live trades on it posted on my thread.I hope this clears up for you!
I help people make money and I dislike things that hurt their money.What I do is beneficial for community of traders on this thread.What they do outside this thread is none of my business here we elevate trading to high profitable level trading currency with high manipulation with -.75 swap is frankly idiotic.
In trading, you have to be defensive and aggressive at the same time
  • #25,013
  • Feb 10, 2019 4:59pm Feb 10, 2019 4:59pm
Quoting Davit
{quote} Are you serious?Don't care what people do privately.I don't want to see CHF chart with live trades on it posted on my thread.I hope this clears up for you!
Well yeah That's what I thought in the first place?
  • #25,014
  • Feb 10, 2019 5:01pm Feb 10, 2019 5:01pm
Quoting TheGreatMilenko
{quote} Well it says that if anyone trades usd/chf not to post on your thread or you will ban them. The only way you would know someone posting on your thread is trading usd/chf is if they mentioned it.?
OR...they trade CHF and do whatever with their trades and money but not post anything CHF on this thred per OP...

Just like his post stated.
Invest in Life
  • #25,015
  • Feb 10, 2019 5:04pm Feb 10, 2019 5:04pm
AUD finally waking up got lots of it on my basket
In trading, you have to be defensive and aggressive at the same time
  • #25,016
  • Feb 10, 2019 5:06pm Feb 10, 2019 5:06pm
Quoting Davit
{quote} I try to get at least 80pips a trade most cases I succeed in this but obviously there are always exceptions. PA goes against you and clearly not working it would be foolish not take TP even 30pips then turn +$ into negative trade. You will get out of your red $$ you need to be consistent. Its a mental conditioning. If you have not watched Mark Douglas videos please do.Understanding EDGE and Probability is critical. Use search function on this thread you will find the videos.
Thanks Davit. What I also do is after 20 pips in green I will set SL to BE, so that I can trade risk-free. I learnt after 18 months that not losing money is the first step to making money!

Another question, on the indicator. On the bottom RHS, there is a green 'pip counter'. It doesn't seem to be working for me, always at 0.0. Is there any setting I should be making?
  • #25,017
  • Feb 10, 2019 5:07pm Feb 10, 2019 5:07pm
Quoting Davit
AUD finally waking up got lots of it on my basket
Are we still short on EA, and probable TP is 1.5792 (S38)?
  • #25,018
  • Feb 10, 2019 5:08pm Feb 10, 2019 5:08pm
Quoting Mundo
{quote} OR...they trade CHF and do whatever with their trades and money but not post anything CHF on this thred per OP... Just like his post stated.
Jesazzz! That's what I said. Ffs.
  • #25,019
  • Feb 10, 2019 5:14pm Feb 10, 2019 5:14pm
Quoting Davit
{quote} We trade weekly pivots.Every week new pivots.Some think past pivots important me don't think so.Every week its clean sheet of paper. More variables you add more confusion.I attack every week fresh
I have been PM'd this question so many times so i'll say it again here.

Current weekly pivots are arrived from the calculation of previous week.

Fibonacci Pivot Point Calculations

Weekly Pivot is the calculation of: (H+L+C) / 3

Weekly Pivot Supports Levels are calculated as follows:

S1 = Pivot - 0.382 * (H - L)
S2 = Pivot - 0.618 * (H - L)
S3 = Pivot - 1.000 * (H - L)
..etc

Weekly Pivot Resistance Levels are calculated as follows:

R1 = Pivot + 0.382 * (H - L)
R2 = Pivot + 0.618 * (H - L)
R3 = Pivot + 1.000 * (H - L)
..etc

Meanings of abbreviations:
H = Previous day's high.
L = Previous day's low.
C = Previous day's closing price.
S1 = First level of support.
S2 = Second level of support.
S3 = Third level of support.
R1 = First level of resistance.
R2 = Second level of resistance.
R3 = Third level of resistance.
.....and so on
Trade with confidence, trade without fear.
  • #25,020
  • Feb 10, 2019 5:21pm Feb 10, 2019 5:21pm
Quoting ratsalad
{quote} Thanks Davit. What I also do is after 20 pips in green I will set SL to BE, so that I can trade risk-free. I learnt after 18 months that not losing money is the first step to making money! Another question, on the indicator. On the bottom RHS, there is a green 'pip counter'. It doesn't seem to be working for me, always at 0.0. Is there any setting I should be making?
I suggest you install all relevant indicators into indicator folder then upload my template.Once everything works then you can change colors take out whatever you want. Its not uncommon people having difficulty with indicator without having it installed in the 1st place...
In trading, you have to be defensive and aggressive at the same time
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