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Pivot Trading

  • #26,541
  • Mar 1, 2019 7:13am Mar 1, 2019 7:13am
NJ S. Getting ready to fall.

Out of AC L.
  • #26,542
  • Mar 1, 2019 7:18am Mar 1, 2019 7:18am
Quoting Davit
{quote} Just because you put a number 15820 does not mean price will get there.Dont get stuck on faulty logic. Market will give what it can. My son who just started trading was upset because price came within 10pips for his TP but retraced and instead of making 200 he made 16 I said to him same thing what I just said to you
Thanks Davit. Understood.
Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #26,543
  • Mar 1, 2019 7:20am Mar 1, 2019 7:20am
Quoting pgr45za
NJ S. Getting ready to fall.
I would like to see this as well as for UJ!!!
  • #26,544
  • Edited 7:53am Mar 1, 2019 7:20am | Edited 7:53am
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We obey the structure that results from the market's reaction
  • #26,545
  • Mar 1, 2019 7:22am Mar 1, 2019 7:22am
Quoting renkotop
{quote} I would like to see this as well as for UJ!!!
Unlikely. In time UJ is set to fall. See the huge weekly engulfish bearish candle on GOLD.
  • #26,546
  • Mar 1, 2019 7:24am Mar 1, 2019 7:24am
Quoting pgr45za
{quote} Unlikely. In time UJ is set to fall. See the huge weekly engulfish bearish candle on GOLD.
Well pedro, I takes time
  • #26,547
  • Mar 1, 2019 7:25am Mar 1, 2019 7:25am
Quoting renkotop
{quote} Well pedro, I takes time
GOLD is at S100. Nice bat on H1. I'm L.

Leaked ...

https://www.forexlive.com/news/!/did...-leak-20190301
  • #26,548
  • Edited 8:17am Mar 1, 2019 8:05am | Edited 8:17am
Quoting bubincka
Since I can't stay all the time in front of the screen because of my work I set a trailing in my Trade Manager that kicked-in upon a quick reversal on GC. All in all very good profit, totally unexpected until yesterday, GBP still a big risk so fine for me. {image}
I'm not a big fan of trailing stops but I have to admit that in this case it saved me from turning a good profit into a loss.
Safest and wisest thing to do would have been to close all positions since CAD GDP was near, I was tempted to keep it open since forecast was green.
This time it went well, but I repeat it one more time, the right thing was to close the trade before red news.
Attached Image (click to enlarge)
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Porta itineris dicitur longissima esse
  • #26,549
  • Mar 1, 2019 8:05am Mar 1, 2019 8:05am
Nailed it !
Attached Image (click to enlarge)
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  • #26,550
  • Mar 1, 2019 8:06am Mar 1, 2019 8:06am
Quoting Mundo
{quote} Tomorrow Friday, Mar 1 CAD GDP - Bearish CAD - Negative numbers in trade and retail sales in Q4 Buy USDCAD USD ISM Manufacturing PMI - Neutral USD My thoughts...however, might not trade it. Making withdrawal and opening new account different broker. Hopefully by next week all setup.
Update...USDCAD
In process of opening new account with new broker was not able to take trade. It was still a win since I am able to see clearer fundamentals which was my weakest link.
Invest in Life
  • #26,551
  • Mar 1, 2019 8:33am Mar 1, 2019 8:33am
This is exactly what I was saying yesterday. CJ great example. Pair was at good spot to sell, no doubts, pair developed up trend on 1h , very visible. So technically it was confirmed. Now, I entered few order last night, because I went to sleep I couldn’t risk more than that. This morning I saw my favorite reversal pattern developed. ( when price goes in channel and suddenly go up higher than normal) somebody called it “ supernova “. I have no clue what the real name of it . But that pattern appears in every pair. So I was confident enough to double down, because I had few orders in DD . And I waited. And it’s all worked out. this is what Davit does with his DD. Unless you absolutely have to leave the trade, there is no reason to leave. Small size order it’s a bomb to trade. . Almost always safe!
  • #26,552
  • Mar 1, 2019 8:36am Mar 1, 2019 8:36am
large Short positions on UC R38 after the News..
  • #26,553
  • Mar 1, 2019 8:40am Mar 1, 2019 8:40am
Quoting Davit
my money trade is here should hit my daily profit target This was carried over from yesterday and I posted about it.Classic Davit pivot trading example. {image}
Hello Davit. Could you give me a suggestion when I have to go out from the market. I think my entries are almost correct , but I don't know exactly when to exit and till I am waiting the market is coming back and take everything from me.
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and also here the same mistake with EURUSD
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If you can give me some advise I would be very thankful to you.
And my second question is : Why my TDI doesn't work? It shows one and the same picture for every pair.
  • #26,554
  • Mar 1, 2019 8:52am Mar 1, 2019 8:52am
My mantra has become, "Where's the money?" If price action is at a pivot point I don't care what a trading room or someone who's been trading much longer than me says; with all due respect, I'm looking for where retail traders can get trapped above or below. I wanted to trade lightly today but I can't help myself at the moment because the reversals for liquidity are just giving out too many luscious pips.

I once was blind, but now I see.
  • #26,555
  • Mar 1, 2019 9:06am Mar 1, 2019 9:06am
Quoting ppxdf
{quote} this my WEEK, was a little better that last week. I had: $ 726.44 in profit for my 3 brokers this week. (02/17/2019 to 02/22/2019) Oanda .........us $ 652.62. FXCM .......... us $ 61.44 forex.com....... us $ 12.38 total .............. US $ 726.44 Thank you Davit, and all collaborators. !!!! {image} {image} {image}

Quoting ppxdf
Davit has helped us a lot. I'm happy to use only Davit's Pivot Trading. I had: $ 674.55 in profit for my 3 brokers this week. (02/10/2019 to 02/15/2019) Oanda .........us $ 282.97. FXCM .......... us $ 295.76 forex.com....... us $ 95.82 total .............. US $ 674.55 Thank you Davit !!!! {image} {image} {image}


this was the result so far for this WEEK of february. It is going to be a little better that last week.
I had: u$726.44 last week. So far my profit is this week on course is us$ 793.39.
Profit for my 3 brokers this week. (02/24/2019 to 02/28/2019)
Oanda .........us $ 653.73.
FXCM .......... us $ 139.66
forex.com....... us $ 0.00
total .............. US $ 793.39

Thank you Davit, and all collaborators. !!!!

ps:
there is a bug on trade report compact.
I believe I will be able to fix it.
the script is reading the current time of your computer.
As soon I identify the variable I will uptade it.
for now, if you want to use this "trade report compact", you need to modify the date of your computer for return the date of your computer by some date earlier than the date today.
example: change the date to 28th february 2019, and the report should works for all yours trades.
Attached Image(s) (click to enlarge)
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  • #26,556
  • Mar 1, 2019 9:11am Mar 1, 2019 9:11am
Quoting OnAJourney
My mantra has become, "Where's the money?" If price action is at a pivot point I don't care what a trading room or someone who's been trading much longer than me says; with all due respect, I'm looking for where retail traders can get trapped above or below. I wanted to trade lightly today but I can't help myself at the moment because the reversals for liquidity are just giving out too many luscious pips. I once was blind, but now I see.
Don't go too big, too soon. Just a word of advice.

What's your thought process to detemine "where retail traders can get trapped above or below"?
  • #26,557
  • Mar 1, 2019 9:13am Mar 1, 2019 9:13am
I am going to leave UJ alone till next week. I have 0 expectations for USD this year. It will fall. Believe it or not. Next week NFP. How it can print green if it is contraction all over the numbers? Will see. Sooner a later money will flow to J. And I am more positive towards CAD and NZD.
  • #26,558
  • Mar 1, 2019 9:16am Mar 1, 2019 9:16am
Hi Everyone,

This is my first post on FF although i have spent probably more than a year of just reading.

I see and hear and lot of positive comments towards Davits trading system.
I have read many pages but have gotten a bit lost in terms of what are the right indis.

Would it at all be possible for someone to post a an update as to the latest state of affairs and indis.

Thank you very much in advance.
  • #26,559
  • Mar 1, 2019 9:16am Mar 1, 2019 9:16am
Quoting mirko2017
{quote} Hello Davit. Could you give me a suggestion when I have to go out from the market. I think my entries are almost correct , but I don't know exactly when to exit and till I am waiting the market is coming back and take everything from me. {image} and also here the same mistake with EURUSD {image} If you can give me some advise I would be very thankful to you. And my second question is : Why my TDI doesn't work? It shows one and the same picture for every pair.
Mirko - best advice would be;
1. read the entire thread from page 1. Absorb the information and then;
2. watch price action on a few key pairs. You have to understand the key support and resistance levels for each pair you play.
3. Watch the Mark Douglas videos on Trading in the Zone. Make notes and then watch them again until the info is ingrained into you.
4. Understand this is a game of probabilities. You need to examine your results over a large sample / population of trades.

GBP pairs are strong at the moment as there is too much noise around Brexit outcome. Choose other pairs and trade small size so DD doesn't emotionally hurt.
  • #26,560
  • Mar 1, 2019 9:21am Mar 1, 2019 9:21am
Quoting pgr45za
{quote} Don't go too big, too soon. Just a word of advice. What's your thought process to detemine "where retail traders can get trapped above or below"?

Thank you. Yes, I'm still keeping my trades small but I pull the trigger in and out with much more confidence and I don't hold losing trades very long hoping it will go in my favor like I used to. I can always re-enter. But when price is rallying around a pivot I look back to see where it's been through the week or longer for trend, but today, mainly just back through the week to see if we're at a bottom or a top because the retail money from the week is at congestion where the stop losses are located. The market movers need the money at those places to keep their books tallied up. I mean, that's how I'm looking at it. I'm not sure if I'm making myself clear in how I'm saying this, but it's been keeping me green this week.

Am I missing something?
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