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Pivot Trading

  • #25,481
  • Feb 18, 2019 10:52am Feb 18, 2019 10:52am
Quoting asyurei3
WTI Pivot/ PA looking to approve of trade. Of course anything can happen. I do follow and trade oil. Pivots work well with it. My bad if WTI not supposed to be posted. But usually most forex people trade FX/Oil/Metals. I'm in 100% support not to trade CHF. {image}
I'm looking to trade WTI also. I follow the EIA weekly report and plot some of the details, please see pdf file below. The numbers on the x axis represent week number, up to week 6 of 2019. I have been following for about six months or so.


Domestic crude production is at an all time high and will probably go higher at these price levels.
Refinery inputs is down and will probably stay lower until the Gasoline and Distillate levels drop (stock levels are high)
Net imports are slightly down.


My own interpretation is that oil is close to a top as inventories will probably stay high and I am willing to short at these levels. My TP being this weeks pivot.

Please note that I am a retail trader and this is only a general overview.
Attached Image (click to enlarge)
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Attached File(s)
File Type: pdf Crude.pdf   514 KB | 255 downloads
  • #25,482
  • Feb 18, 2019 11:14am Feb 18, 2019 11:14am
It is during these times that one should take advantage and do some studying instead of watching the charts. Here is an important post about news for those of us who want to step up on the fundamental side.

https://www.forexfactory.com/showthr...1#post10367361
Invest in Life
  • #25,483
  • Feb 18, 2019 11:26am Feb 18, 2019 11:26am
Quoting FXShoujo
Well, if I may post my opinion. I want to watch AC and AJ to look for a possible sell trade. {image}
not what I am looking for. Try reading my calendar as a starting point.
In trading, you have to be defensive and aggressive at the same time
  • #25,484
  • Feb 18, 2019 11:27am Feb 18, 2019 11:27am
Folks mention the 1200+ pages they need to read, then run around asking questions, placing trades, and still using useless indis when this thread is loaded with information that will take their trading to another level. Anyone who is serious about their trading (careers) will...without a shadow of a doubt invest in themselves. I will once again mention the importance of execution...in order to execute properly one must have the proper foundation (information).

Want to trade Pivots...want Davits results...then earn it. Read through the entire thread. You will thank yourself later.

Invest in Life
  • #25,485
  • Feb 18, 2019 11:35am Feb 18, 2019 11:35am
Quoting Mundo
Folks mention the 1200+ pages they need to read, then run around asking questions, placing trades, and still using useless indis when this thread is loaded with information that will take their trading to another level. Anyone who is serious about their trading (careers) will...without a shadow of a doubt invest in themselves. I will once again mention the importance of execution...in order to execute properly one must have the proper foundation (information). Want to trade Pivots...want Davits results...then earn it. Read through the entire thread....
This so true, i have read every single page and recently i went back to page 800 and now 150 pages in as sometimes you need to read things over and over for it to actually absorb.
  • #25,486
  • Feb 18, 2019 11:36am Feb 18, 2019 11:36am
Quoting FrankieShova
I follow the calendar on https://www.forexfactory.com/#closed, and up to now it never occurred to me to summarize it.
looking at events is not enough.Go over it and understand it and analyze it.Make sure you are aware how that may effect price.

This is professional thread and as such its expected you be in the know about all red news/events for the week.What this thread is different then others in FF is level of seriousness in understanding how Technical Pivots/PA work together with News/Events ! They are interconnected!
Trading awareness! What's coming up is a must if you want to succeed as a professional trader.
In essence we are trading information.Being ignorant about events is NOT an EDGE!!!

I usually scan the forums since I am always curious.Yesterday a poster (does not matter where at FF) had AU charts with arrows MA's and the whole cake but ZERO awareness we got serious events on Aussie dollar all week.Now you see how pathetic that is.Charts are just that.You got to see how the charts relate to reality!
In trading, you have to be defensive and aggressive at the same time
  • #25,487
  • Feb 18, 2019 11:45am Feb 18, 2019 11:45am
Stacked up on NJ currently in profit nice rejection and double top from WR38 piv point
  • #25,488
  • Feb 18, 2019 11:53am Feb 18, 2019 11:53am
AJ dropping is great news.Further it drops the better.I am letting the MM do the heavy lifting.My trajectory is north.
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In trading, you have to be defensive and aggressive at the same time
  • #25,489
  • Feb 18, 2019 11:55am Feb 18, 2019 11:55am
AU NJ should be on your watch list to long as well.Let the market deflate it.You buy it with +swap.
Unless UJ drops in serious numbers I think WP will hold on AJ NJ
Attached Image(s) (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #25,490
  • Feb 18, 2019 12:08pm Feb 18, 2019 12:08pm
Last week i got complicated ... unusual for me ,but since i got messed up with bad pairs then i had to work my ass hard with MM to get that 1000 pips. finally all was good.
then this week started thinking to NOT complicate things again ...
results and number of pairs tells a story, thats why is always better to keep up with the best pairs recommended by Davit while trading pivots.
I leave this here not for the pips i made which many weeks are easy task but as an example for newbies to see clear results when you fuck up things and get in pairs NOT best to trade ,and how things may looks like when you do things simple and follow some simple rules.
cheer up!
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Take what you can, give nothing back
  • #25,491
  • Feb 18, 2019 12:15pm Feb 18, 2019 12:15pm
Quoting Husky77
Last week i got complicated ... unusual for me ,but since i got messed up with bad pairs then i had to work my ass hard with MM to get that 1000 pips. finally all was good. then this week started thinking to NOT complicate things again ... results and number of pairs tells a story, thats why is always better to keep up with the best pairs recommended by Davit while trading pivots. I leave this here not for the pips i made which many weeks are easy task but as an example for newbies to see clear results when you fuck up things and get in pairs NOT...
Great!I wished you posted with pairs how much on which pair.Total numbers does not convey your point clearly
In trading, you have to be defensive and aggressive at the same time
  • #25,492
  • Feb 18, 2019 12:16pm Feb 18, 2019 12:16pm
Quoting Davit
{quote} Great!I wished you posted with pairs how much on which pair.Total numbers does not convey your point clearly
chf i can tell you most of them are big red. and the work i had to do and focus got me tired for all weekend damn
never will do this again
and even if not such disaster ended red numbers ,the DD i got on those really made me feel high
Take what you can, give nothing back
  • #25,493
  • Feb 18, 2019 12:18pm Feb 18, 2019 12:18pm
Quoting Husky77
Last week i got complicated ... unusual for me ,but since i got messed up with bad pairs then i had to work my ass hard with MM to get that 1000 pips. finally all was good. then this week started thinking to NOT complicate things again ... results and number of pairs tells a story, thats why is always better to keep up with the best pairs recommended by Davit while trading pivots. I leave this here not for the pips i made which many weeks are easy task but as an example for newbies to see clear results when you fuck up things and get in pairs NOT...
Got it, thx !
I will certainly not trade GBP NZD before long, but so far today amazing results (for me) with recommended pairs
  • #25,494
  • Feb 18, 2019 12:23pm Feb 18, 2019 12:23pm
Quoting Husky77
Last week i got complicated ... unusual for me ,but since i got messed up with bad pairs then i had to work my ass hard with MM to get that 1000 pips. finally all was good. then this week started thinking to NOT complicate things again ... results and number of pairs tells a story, thats why is always better to keep up with the best pairs recommended by Davit while trading pivots. I leave this here not for the pips i made which many weeks are easy task but as an example for newbies to see clear results when you fuck up things and get in pairs NOT...
Nice work mate.
Wish I had more time behind the computer. Day job not allowing me any pc time.

Trading on the phone is just not the same, would've liked the pivots on my phone.
Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #25,495
  • Feb 18, 2019 12:27pm Feb 18, 2019 12:27pm
Quoting EeZeeTrader
{quote} Nice work mate. Wish I had more time behind the computer. Day job not allowing me any pc time. Trading on the phone is just not the same, would've liked the pivots on my phone.
there are some smart guys using them on the mt4 android, i find it too complicated to draw all that fibo and lines for me i need my big screens
but i guess you can find those guys posts in thread maybe with some research.
cheer up
Take what you can, give nothing back
  • #25,496
  • Feb 18, 2019 12:35pm Feb 18, 2019 12:35pm
Looking to sell UJ on rallies.
  • #25,497
  • Feb 18, 2019 12:48pm Feb 18, 2019 12:48pm
Quoting Husky77
{quote} there are some smart guys using them on the mt4 android, i find it too complicated to draw all that fibo and lines for me i need my big screens but i guess you can find those guys posts in thread maybe with some research. cheer up
I found an easier way to trade the pivots on mobile. Opened a demo account on Trade Interceptor. They have pivot points on the charts! Maybe an idea for u guys.
  • #25,498
  • Feb 18, 2019 12:52pm Feb 18, 2019 12:52pm
Quoting Pivoteer601
Looking to sell UJ on rallies.
actually not a bad plan like closer to 10.80-11
be mindful feds minutes weds
In trading, you have to be defensive and aggressive at the same time
  • #25,499
  • Feb 18, 2019 1:03pm Feb 18, 2019 1:03pm
EU likely to spike down 1270-50 zone which previously held and worth being aware Weds how PA goes.
4 attempts failed to break south. Food for thought and trade idea
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #25,500
  • Feb 18, 2019 1:22pm Feb 18, 2019 1:22pm
Quoting Davit
{quote} actually not a bad plan like closer to 10.80-11 be mindful feds minutes weds
I don’t know guys. Even I am a big dollar seller this year but I think UJ is not in the right location yet. 110-109.75 can work as a good support. Below it can trigger sell off. All depends on catalysts. My 2 cents.
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