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Pivot Trading

  • #25,421
  • Feb 16, 2019 1:00pm Feb 16, 2019 1:00pm
Quoting Davit
{quote} Think of ADR like traffic light When it goes in red you know it has over traveled then normal.You should look up 1st why so maybe major news release like interest rate or other fundamental factors if nothing major then you look at Pivots and Price Action. TDI above 68 is irrelevant.
Agree with you, here is my way.

Price is just over the ADR high then we still continue in the direction.
When price is overstretched passed the ADR high then I will look for the swing to fail?
Overstretched( ADR high - ADR low) + / - with the ADR high or ADR low.
We obey the structure that results from the market's reaction
  • #25,422
  • Edited 3:34pm Feb 16, 2019 1:09pm | Edited 3:34pm
Quoting Egbert
{quote} Agree with you, here is my way. Price is just over the ADR high then we still continue in the direction. When price is overstretched passed the ADR high then I will look for the swing to fail? Overstretched( ADR high - ADR low) + / - with the ADR high or ADR low.
please read my response to you on ADR.Its clear.
In trading, you have to be defensive and aggressive at the same time
  • #25,423
  • Feb 16, 2019 3:29pm Feb 16, 2019 3:29pm
Quoting Egbert
{quote} Agree with you, here is my way. Price is just over the ADR high then we still continue in the direction. When price is overstretched passed the ADR high then I will look for the swing to fail? Overstretched( ADR high - ADR low) + / - with the ADR high or ADR low.
These last two weeks really opened my eyes to the importance of news. Not only I was able to see the currencies move based on it...it gave me confidence to value more the input the news gave me vs the indis.

ADR I use to gauge where the pair might reach if it reaches max ADR and can see if concurs with News, structure, and/or key pivot. But it is secondary now to news. I no longer use TDI nor Angleator. Mag Price I do use because I removed the price line and its a quick glance.

I ask myself questions of why Davit does certain things, but I never ask...I study him and his trades...there lies the answers.
Invest in Life
  • #25,424
  • Feb 16, 2019 3:35pm Feb 16, 2019 3:35pm
This is how i trade, I wait for the 4 hour close. Davit said that the 4hr is too late you will miss pips and i totally agree but i also think it prevents me being in DD.
When the 4hr closes in a good pivot zone then next stage is I look at 5 day ADR. For instance the A/U is 48 so i say 50 pips. i make my mark and open positions. When price is going in my favour i add positions all away to my target but the last 1/4 i stop just incase price turns early and i have to close early. If price doesn't go in my favour then i wait until the next pivot and for 4Hr to close and the take next steps in order to gain the DD and make profit. I am a novice so i would take what i say with a pinch of salt but this works for me.
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  • #25,425
  • Feb 16, 2019 3:56pm Feb 16, 2019 3:56pm
Inserted Video

What an amazing song both lyrically and musically. They just don't make music like this anymore....sadly
In trading, you have to be defensive and aggressive at the same time
  • #25,426
  • Feb 16, 2019 4:21pm Feb 16, 2019 4:21pm
Quoting RieseP
This is how i trade, I wait for the 4 hour close. Davit said that the 4hr is too late you will miss pips and i totally agree but i also think it prevents me being in DD. When the 4hr closes in a good pivot zone then next stage is I look at 5 day ADR. For instance the A/U is 48 so i say 50 pips. i make my mark and open positions. When price is going in my favour i add positions all away to my target but the last 1/4 i stop just incase price turns early and i have to close early. If price doesn't go in my favour then i wait until the next pivot and...
My philosophy always been do what works for you.Within same system I am sure there are lot of variations based on individuals experience temperament..
To me 4hr is overkill but if that's what you feel comfortable then that's what you do. 9months later when your confidence increases you might drop down to 1hr...
In trading, you have to be defensive and aggressive at the same time
  • #25,427
  • Feb 16, 2019 4:36pm Feb 16, 2019 4:36pm
[quote=Egbert;12009966]Morning all, I think for us to grow like DAVIT we need to start to think out of the box.

I started trading January 2018, and started using different indicators such as bollinger bands and EMAS and some other indicatiors, and came to realization that they were just graphics and did not predict market direction what so ever. Took all the indicators out and started drawing S&R lines on all pairs and entered trades when daily and 4Hr candle stick patterns to enter trades. Trading using S&R lines worked for me, but required a lot of precision from my part and tired me out. Then, 2 weeks ago I came upon this thread and Davit's system, and it is the best thing I have seen out there.
  • #25,428
  • Feb 16, 2019 4:50pm Feb 16, 2019 4:50pm
Quoting Davit
https://www.youtube.com/watch?v=UQ2nzBb0XOo Professional day trader 1st thing he does check relevant news stories.He didn't say I seat down look where 20MA is!!or TMS or Bollinger Bands or MacD etc 1.22 mark watch on.Its refreshing to see what pros do.
Please Davit these cringy videos are worthless from these "pro" traders and you know it. I didn't hear them mention once they sit down and look to see if price is at R61 or S78 or whatever too? Lol oh and look at around 4:50 mark, what are those lovely lines on this "pro" traders screen? MA's? Wait... No... I thought he was a "pro" trader? Lol also I see you are subscribed to Strat, why? I see MA's plastered on his chart, why not go demonise him on there?

Whatever people use on their charts is not your concern. Pivots aren't the 1 and only tool to make money.
  • #25,429
  • Edited 5:15pm Feb 16, 2019 5:01pm | Edited 5:15pm
Quoting KalC
{quote} Please Davit these cringy videos are worthless from these "pro" traders and you know it. I didn't hear them mention once they sit down and look to see if price is at R61 or S78 or whatever too? Lol oh and look at around 4:50 mark, what are those lovely lines on this "pro" traders screen? MA's? Wait... No... I thought he was a "pro" trader? Lol also I see you are subscribed to Strat, why? I see MA's plastered on his chart, why not go demonise him on there? Whatever people use on their charts is not your concern. Pivots aren't the 1 and only...
I agree most part worthless but it resonated me when he said he looked at the news 1st that's all.
I am not against anyone using whatever it works for them. Personally I just happened not to believe in MA's.Its not personal to anyone.
Deleted relevant posts on the subject.It was out of context what's going here.
regards
In trading, you have to be defensive and aggressive at the same time
  • #25,430
  • Feb 16, 2019 5:08pm Feb 16, 2019 5:08pm
I placed some closed trades on EC since Jan so you guys can see power of one directional trading and selling the rallies.I took the pivots out so its clearer.
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In trading, you have to be defensive and aggressive at the same time
  • #25,431
  • Feb 16, 2019 5:16pm Feb 16, 2019 5:16pm
I think Davit would approve of this video course by Mark Douglas. Davit please let me know if you think these links are relevant otherwise delete this post.

Almost an 8 hr course here. I don't know the person who hosts the videos; but these links are GOLD in my opinion.

The concepts in this course are essential basics unknown by most traders, even many "professionals" are clueless as to how the market works.
4 parts.

Part 1
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Part 2
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Part 3
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Part 4
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Some food for thoughts over the weekend. These videos are deep and all will likely want to rewatch them. Some things won't be able to be understood until you've been in the fire. For sure, be seated for this.
  • #25,432
  • Feb 16, 2019 5:22pm Feb 16, 2019 5:22pm
Quoting asyurei3
I think Davit would approve of this video course by Mark Douglas. Davit please let me know if you think these links are relevant otherwise delete this post. Almost an 8 hr course here. I don't know the person who hosts the videos; but these links are GOLD in my opinion. The concepts in this course are essential basics unknown by most traders, even many "professionals" are clueless as to how the market works. 4 parts. Part 1 https://www.youtube.com/watch?v=QgaTlTfQnZI Part 2 https://www.youtube.com/watch?v=ffGX7IZ8mbc Part 3...
watched them all many times over.They keep getting deleted so I suggest you download them and keep them on separate drive.I have
Yes agree MD provides very keen observations and very influential on my trading.Love when he talks about probabilities and Edge and how prices move.
In trading, you have to be defensive and aggressive at the same time
  • #25,433
  • Feb 16, 2019 7:24pm Feb 16, 2019 7:24pm
To augment the point about psychology and execution being made, here is short and sweet response that I hope will help the thread.

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If you are good at something, never do it for free--Joker
  • #25,434
  • Feb 16, 2019 9:07pm Feb 16, 2019 9:07pm
Quoting Egbert
As a trader what do you think is the use for the ADR. What is the meaning of that value? Why is it called the ADR? Why is some ADR's static and others move? Which one is best? Is it more/less volatility?

As a trader I think the ADR is very important For me the ADR is a DAILY TARGET.

I also uses a shorter time period, because the bigger the time frame for the ADR the more likely it will be influenced by spikes in the market. Regards,
ADR is great, only it doesn't tell direction but yes, great for target price for day traders

Please explain how the shorter time frame is any better?

You can see here that 50 is the same as 100 on Daily, which is what I take the meaning of ADR to be suited for

The weekly is letting us down as for range, expect some good moves soon



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It takes a lot for me to IGNORE you, but you can try.
  • #25,435
  • Feb 16, 2019 10:31pm Feb 16, 2019 10:31pm
Problem – Over-thinking / over-analysis causing thought ‘congestion’

Don't make it complicated than this. Just trade according to Davit's rule, pump those pips out and enjoy your trade.thats all.
  • #25,436
  • Edited Feb 17, 2019 1:32am Feb 16, 2019 11:23pm | Edited Feb 17, 2019 1:32am
Quoting Erebus
{quote} ADR is great, only it doesn't tell direction but yes, great for target price for day traders Please explain how the shorter time frame is any better? You can see here that 50 is the same as 100 on Daily, which is what I take the meaning of ADR to be suited for The weekly is letting us down as for range, expect some good moves soon {image}
I'm not promoting the TDI on Davit's thread, as he already removed it. This is how I execute my trades.

What Im trying to say is that the ADR daily high and low is influenced by those sudden spikes in the market, if for example I used a 20 day ADR. Therefore I like to use a shorter time period.
You are right the ADR cannot tell direction BUT what I have noticed is that the ADR and the TDI does really work together.
Whenever the TDI indicates overbought/long caution I’ve noticed that my ADR is close to the daily high or even went beyond.
Othe ADR’s will already be deep into the red numbers, and I struggled with this.
For me those alerts comes with this version of the TDI PRO that I bought from Dean.
That is why Im calling it my trading buddy.(TDI)

Now there is two values that I get from the ADR namely, Daily high/ low, and when price passes the daily high by far going up
for example. Then I would deduct the high from the low and add it to the daily high to get my overbought. Hope it make sense
as I must express my self typing.
As you can see from my last chart the “overbought” is @ the 85+ level.
Also I’m using a 3 day for my daily high/ low and my 20 day would be my monthly.
NOW THAT OVERBOUGHT IS IT NOT AGREEING WITH STUCTURE ON THE CHART BY THE BLACK LINE?
JUST BY LOOKING AT THE CHART AND THE GREY BLOCKS, WHERE WOULD YOU HAVE TAKEN THE SELL?
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We obey the structure that results from the market's reaction
  • #25,437
  • Edited 1:23am Feb 17, 2019 1:03am | Edited 1:23am
Quoting Renkomaster
Problem – Over-thinking / over-analysis causing thought ‘congestion’ Don't make it complicated than this. Just trade according to Davit's rule, pump those pips out and enjoy your trade.thats all.
Agree,

For me it's "not all minds think a like".
I want to take my trading to the next level. Using what I've got on this thread.
Also I'm not changing anything on this thread, please.
Not trying to proof anybody wrong, or any indicators on this thread.
I'm just adding to my confirmation before taking any trades.
This thread is starting to change my way of thinking, when it comes to trading, that's all.
I will not call it a problem BUT an obstacle that I can overcome.
Just sharing my thoughts, as I still have much more room to grow as a trader, I never give up.
I strive to be along side the best.
We obey the structure that results from the market's reaction
  • #25,438
  • Feb 17, 2019 4:12am Feb 17, 2019 4:12am
Hope, you will like this song too.

Inserted Video


Enjoy!


Quoting Davit
https://www.youtube.com/watch?v=IqUx84-ljPE What an amazing song both lyrically and musically. They just don't make music like this anymore....sadly
  • #25,439
  • Edited 5:04am Feb 17, 2019 4:44am | Edited 5:04am
Hi guys
I said this on 1st page PA is queen (chess terminology) and worth reading this site on PA
https://www.theforexguy.com/price-action-strategy/
One of the best presentation I have seen on Price Action.I hear a lot about people dropping PA in their words but I suspect lot of guys are not too familiar with all nuisances.Goldmine of ideas presented here.Simple visual charts clearly marked.Scroll down and read over the weekend.Think of SUN project.
cheers

Notice lot what I have been doing is exactly presented here selling rallies buying dips,range trading,trend trading,not buying highs or selling lows.
Instead of being hang up on indicators (MA's,Oscillators) its lot more rewarding getting really good at this reading PA correctly.
Trading with Oscillators is like running with one hand holding a crutch surely you can run faster and with less effort without it.
In trading, you have to be defensive and aggressive at the same time
  • #25,440
  • Feb 17, 2019 6:37am Feb 17, 2019 6:37am
Hey Davit ;-)
Sorry for off topic.
But can tell me which pairs you are trading ?
Because i have 11 pairs.
Thanks.
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