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Pivot Trading

  • #26,801
  • Mar 7, 2019 12:07pm Mar 7, 2019 12:07pm
Quoting Cryptosurf
{quote} If the proper one is being used it will be a visual representation of the ADR indi Davit posted. https://www.forexfactory.com/showthr...4#post11172204 I use the one from Trader Dantes toolkit.

yes, in your example, the range is quite similar. (Average Daily Range (ADR) and The average true range (ATR)
we are talking about the first one.(ADR)

Cheers !!!
  • #26,802
  • Mar 7, 2019 12:24pm Mar 7, 2019 12:24pm
When shit like this week is happening, usually “smart money” flows to yen, today money flows to yen and dollar. Almost every currency we trade is under heavy sale pressure today. This is rare situation but is happening. None of the world economy delivers expansion projections. All contractions. US remain safe havens compares to the rest of the world. Only thing is US heavily dependent on the rest of the world for export. And when everyone start to shrink spending, numbers in us will start to burn RED. It’s only takes one person to reverse trend. In our case it’s 2. Trump or Fed. I will not be surprised if I see USD flash crash by the end of the year.
  • #26,803
  • Mar 7, 2019 12:38pm Mar 7, 2019 12:38pm
Same exact shit already happened in past UC February 2017. Nearly same dates. Same 6 days rally. Follow up by few weeks consolidating and 300 pip drop down. Watch it!
  • #26,804
  • Edited 12:54pm Mar 7, 2019 12:40pm | Edited 12:54pm
I was expecting firm support in the upper 1.12s and NOW i see deeper support in the low/mid 1.12s.
for that reason, I am buying EURUSD;
let's wait another trump ´s tweet , complaining about the Fed against a weaker dollar. lol !!!!
I do not expect much for ECB President Draghi & his outlines policy outlook
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  • #26,805
  • Mar 7, 2019 1:57pm Mar 7, 2019 1:57pm
I’ll spread abit of joy lol I’m up 710 pips this week
  • #26,806
  • Mar 7, 2019 2:11pm Mar 7, 2019 2:11pm
Quoting bojack34
{quote} What is that indicator that plots the adr high and low on the chart for you?
I personally use the one GMO posted; however, I remove the lines and just leave words. It's cleaner.
Invest in Life
  • #26,807
  • Mar 7, 2019 2:22pm Mar 7, 2019 2:22pm
Quoting denisius
This week is kicking my ass hard. Taking losses. Fighting for every dollar. Dragi send E to hell. U unpleasant strong despite all bullshit data and C didn’t help ether. Barely closed UJ with tiny profit, just to cover 2 weeks swap. Tomorrow is my last hope. oh well. Still having fun. Loose today win tomorrow!
My week apparently is not bad. I am having issues getting live account going...my baby spilled her yogurt on keyboards so I now have to use screen keyboard...without touch screen until it's replaced. Updated Windows and now old broker not going live wants me to download MT4 again...which I am questioning them since I still have trades running. And my cold won't quit.

So the good news is I have not traded this week and avoided DD or losses.

PS. I am going with bear USD for NFP.
Invest in Life
  • #26,808
  • Mar 7, 2019 3:54pm Mar 7, 2019 3:54pm
Quoting Mundo
{quote} My week apparently is not bad. I am having issues getting live account going...my baby spilled her yogurt on keyboards so I now have to use screen keyboard...without touch screen until it's replaced. Updated Windows and now old broker not going live wants me to download MT4 again...which I am questioning them since I still have trades running. And my cold won't quit. So the good news is I have not traded this week and avoided DD or losses. PS. I am going with bear USD for NFP.
Your baby saved your ass from market spanking . I made to my computer and I realized that I panicked for nothing. All trades that I closed negative could easily be left for few days. That’s the issue trading from the phone “ on the go” . Do not advise to anyone Trading from smartphones. It’s really really really bad idea! My personal experience
  • #26,809
  • Mar 7, 2019 5:30pm Mar 7, 2019 5:30pm
the boom went down confidently, someone caught the movement?
What caused it?
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  • #26,810
  • Mar 7, 2019 5:40pm Mar 7, 2019 5:40pm
Quoting better23
the boom went down confidently, someone caught the movement? What caused it? {image}
what was the biggest news/event of the day?
if you did your calendar before the start of the week, like Davit as suggested us so many times, you would know exactly what caused that volatility
  • #26,811
  • Mar 7, 2019 5:45pm Mar 7, 2019 5:45pm
Quoting better23
the boom went down confidently, someone caught the movement? What caused it? {image}
you should knew today news since early monday this week. how to miss ECB ? i still think youre joking with that question
Take what you can, give nothing back
  • #26,812
  • Mar 7, 2019 6:09pm Mar 7, 2019 6:09pm
thanks again husky,
I've been watching funda, just want someone expert here to talk more about it
  • #26,813
  • Mar 7, 2019 6:21pm Mar 7, 2019 6:21pm
Quoting better23
thanks again husky, I've been watching funda, just want someone expert here to talk more about it
you watched fundamentals but you dont know what caused euro fall today? wonder what fundamentals you really watched LOL be careful cos like this your balance is in danger.
lets think you have no idea about what ECB is and does,but you can see in history how this affect EUROat that specific time,and only reading you will start to understand step by step.
Should i mention anything about today NFP ? or you will watch fundamentals again same like today?
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Take what you can, give nothing back
  • #26,814
  • Mar 7, 2019 6:26pm Mar 7, 2019 6:26pm
Quoting iamrealjoker
hello DAVIT I need to tell me something about my ea, has running in my real story and the truth has bastate cup of success. {image}
seriously man, gtfo, please
  • #26,815
  • Edited 8:57pm Mar 7, 2019 6:52pm | Edited 8:57pm
Quoting better23
the boom went down confidently, someone caught the movement? What caused it? {image}
This is a very good question my friend better23:

In reality, the Market Makers and Computer Server Algos make the final decisions despite the Market Sentiment using population psychology of retail traders to capture 95% of liquidity to trade against you. However, with Davit's qualitative Technical PA-Pivot Zones, his qualitative fundamental insights and his Money Management which are all in his free teachings here that will give the "Edge" to help you be among the top 5% of Retail Traders (you) who profit (Wins >> Losses) on an otherwise highly Risky Forex Market! And, you will find it is easier to make Pips, but to be a good successful trader, you need to know when to stay out of a weak Market (low liquidity) so you do not lose your Pips ! Therefore, waiting for the weak market to great liquidity-momentum is making you money too! Obviously, the idea is to ride the coat-tails of the MMs versus being on the wrong side as many Forex experts have noted!

Here are the "Five Fundamental Truths Rules" Davit likes to quote from the late Mark Douglas:

" Five fundamental truths:

1. Anything can happen.
2. You don’t need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique. "

– Mark Douglas

I would look at all of Mark Douglas' free videos on YouTube as well as study, study and study this thread. Besides Davit, there are so many great knowledgeable Pivot Traders on here making so much money because the help of Davit's Pivot-Trading System !.

Do your Fundamentals Weekly Calendar Homework to help you better prepare as Davit strongly suggests. But, in the end Davit has mention that the most important is watching Price Action and Pivot Swing Zones - as well as his up-loaded books and written rules on Page 1.

Cheers !
-John

PS: And as many of you know, especially the big money makers here, Davit really has the best Thread here on FF - but, is also a recognized Worldwide Professional Forex Trader with many Forex Traders from around the world joining his non-commercial free professional forum!
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #26,816
  • Mar 7, 2019 7:30pm Mar 7, 2019 7:30pm
Great info and effort Davit..Thank you so much for sharing..it is one of the greatest thread in FF.

Hopefully, someone can answer my question before the ACTION Today and get forgotten.

It is about the Pivot_Voty indicator I placed it on multiple charts and I noticed that I receive notifications on touching pivots but Sometimes not always.. is there a way to fix that, my question for everyone not just Davit.
Good luck today
  • #26,817
  • Mar 7, 2019 8:17pm Mar 7, 2019 8:17pm
thank you husky, drforex, I will take more lessons this week,
cool when I have to become an economist too.
  • #26,818
  • Mar 7, 2019 10:00pm Mar 7, 2019 10:00pm
Quoting better23
thank you husky, drforex, I will take more lessons this week, cool when I have to become an economist too.
Unless your are looking for advice on Davit weekly fibonacci pivot system, take your questions elsewhere. This thread highly focused, and very abrupt. You will be banned.

Edit - and read the first post. High importance
Ecclesiastes 1:9
  • #26,819
  • Mar 7, 2019 10:07pm Mar 7, 2019 10:07pm
Quoting newbegger
{quote} Unless your are looking for advice on Davit weekly fibonacci pivot system, take your questions elsewhere. This thread highly focused, and very abrupt. You will be banned. Edit - and read the first post. High importance
thank you I won't repeat it again ..
respect
  • #26,820
  • Mar 7, 2019 10:18pm Mar 7, 2019 10:18pm
Quoting better23
{quote} thank you I won't repeat it again .. respect
Just observe if you think this system suits your style. I have no experience with Davit's system but he and a few others in here seen to be doing extremely well.

Pay attention to Davit money management as I use very similar method and over ten years this is how I earned my living. Davit has found out the secret to survival in this shark eat shark game, money management.
Ecclesiastes 1:9
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