Pivot Trading | Page 1344 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

  • #26,861
  • Mar 8, 2019 12:06pm Mar 8, 2019 12:06pm
In the watch list for next week AN (no red news expected)

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla 2019-03-08 a las 19.02.46.png Size: 507 KB
Attached Image
  • #26,862
  • Edited 4:35pm Mar 8, 2019 12:22pm | Edited 4:35pm
Well Folks,

I wish you all a healthy, restful and happy weekend !

I generally do not like to brag, but I restarted my live Oanda V2 account with $50.00 after I had to close it several weeks ago to pay a few emergency bills. But, I made a whole $2.00 or 4% in one day (today). It is all relative.

It is this brilliant Davit's System with just a $50 account, made a 4% daily profit! But, of course there is no guarantee as Forex trading is very risky business, but potentially very profitable business if you set your plan and goals !

That is, if I had larger account, which I will shortly, with monthly investments into my live account of say %10 of my current retirement Gross Income, this is potential:

Equity: an avg, of 4% daily return:
$50 = $2/day
$500 = $20/day
$5,000 = $200/day
$50,000 = $2000/day
$150,000 = $6000 /day ----> $1,000,000 per year - a millionaire after taxes! LOL !

If you include daily or monthly compounding interest and adding monthly cash of only 10% of your gross income, this amount could much much higher due to the powers of the Exponential function !

So, stick to the rules, study hard and practice of Davit's system, we can all enjoy retiring in the Costa Del Sol ... in one of the beautiful coastal Cities of southeastern Spain ... Ole ! (LOL)

Well, at least a nice potentially realistic and achievable goal ! And, BTW every person needs a goal or goals to maintain mental and thus bodily health - read the book "Man's Search for Meaning" by Dr. Viktor Frankl - a survivor of Auschwitz Concentration Camp who survived with the goal of telling the world of what really happened there and developed his "Logotherapy" - a psychiatric method of goal-setting to avoid neurosis, depression, etc.

So, it has long been staying goal-oriented, positive with adequate daily sleep, will allow you to enjoy a long and healthy life trading Forex ! (LOL)

DAYTIME FUN:

Attached Image (click to enlarge)
Click to Enlarge Name: beach-costa-del-sol-marbella-spain-paseo-maritimo-promenade-8.jpg Size: 100 KB


NIGHT-TIME FUN:

Inserted Video



Regards,

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #26,863
  • Mar 8, 2019 1:01pm Mar 8, 2019 1:01pm
Quoting 1pipperhour
EU seems to be in moderate support area. With Friday tomorrow, some profit taking, could give an opportunity for long.
Just saying ... probabilities ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 71 KB
  • #26,864
  • Mar 8, 2019 1:13pm Mar 8, 2019 1:13pm
Quoting 1pipperhour
{quote} Just saying ... probabilities ... {image}
I never buy this pair only sell like David recommend but I must admit that was a very nice call

Have a good weekend sir
  • #26,865
  • Mar 8, 2019 1:35pm Mar 8, 2019 1:35pm
Quoting TamRoofer
{quote} I never buy this pair only sell like David recommend but I must admit that was a very nice call Have a good weekend sir
I've seen Davit buying EU several times. It is wise to sell only when you plan to hold it because of the swap. I barely touch EU myself, only if price is at extremes.
Cheers
  • #26,866
  • Mar 8, 2019 1:37pm Mar 8, 2019 1:37pm
Quoting DrForexMD
Well Folks, I wish you all a healthy, restful and happy weekend ! I generally do not like to brag, but I restarted my live Oanda V2 account with $50.00 after I had to close it several weeks ago to pay a few emergency bills. But, I made a whole $2.00 or 4% in one day (today). It is all relative. It is this brilliant Davit's System just with just 4% daily profits! But, of course there is no guarantee as Forex trading is very risky business, but potentially very profitable business if you set your plan and goals ! That is, if I had larger account,...
Fun fact ... I'm really good at growing money in excel sheet, not so good in real life
  • #26,867
  • Edited Mar 9, 2019 8:12am Mar 8, 2019 2:15pm | Edited Mar 9, 2019 8:12am
I've seen an inconsistency in the code lines of this indicator when some filters are chosen.
you can edit the period to list and recompile again. This should work.
BEFORE CHOOSE CUSTOM PERIOD, GO TO TERMINAL WINDOW (ctrl+T), right click on ACCOUNT HISTORY and CHOOSE ALL HISTORY |
//| version 1.0.3 release (RZ) on 03/09/2019 "This report searches the filtered data in your ACCOUNT HISTORY "

cheers !!!!!

hello Davit,
in attention to your comments
https://www.forexfactory.com/showthr...5#post12037525
"how did you get last 2 columns to display.Thank you
Specially PL%"
line 82 as True will list
input bool showDetails = true;
Attached Image (click to enlarge)
Click to Enlarge Name: terminal_window_history.png Size: 46 KB
Attached File(s)
File Type: mq4 TradeReport_compact - updated.by.ppxdf.mq4   58 KB | 343 downloads
File Type: ex4 TradeReport_compact - updated.by.ppxdf.ex4   97 KB | 332 downloads
  • #26,868
  • Mar 8, 2019 10:26pm Mar 8, 2019 10:26pm
Quoting ppxdf
one more good week.!!! Thank you Davit, and all collaborators. !!!! Profit this week . (03/03 to 03/08)......................Profit last 30 days . (02/08 to 03/08) Oanda .........us $ 417.28...................................................us$ 1,629.10 FXCM .......... us $ 223.45...................................................us$ 763.21 total .............. US $ 640.73............................................us$...
well done, its grteat to see.
Just trying to put a kiss on the cheek of success
  • #26,869
  • Mar 9, 2019 1:15am Mar 9, 2019 1:15am
Quoting squawk
{quote} Nice job Davit, you earned it!!!!
========================================================
I’d like to express my deepest appreciation for your excellent mentoring and dedication shown to all of us here.
  • #26,870
  • Mar 9, 2019 3:51am Mar 9, 2019 3:51am
Quoting ppxdf
one more good week.!!! Thank you Davit, and all collaborators. !!!! Profit this week . (03/03 to 03/08)......................Profit last 30 days . (02/08 to 03/08) Oanda .........us $
Quoting DrForexMD
Well Folks, I wish you all a healthy, restful and happy weekend ! I generally do not like to brag, but I restarted my live Oanda V2 account with $50.00 after I had to close it several weeks ago to pay a few emergency bills. But, I made a whole $2.00 or 4% in one day (today). It is all relative. It is this brilliant Davit's System with just a $50 account, made a 4% daily profit! But, of course there is no guarantee as Forex trading is very risky business, but
extraordinary results
keep posting here friend
  • #26,871
  • Mar 9, 2019 5:50am Mar 9, 2019 5:50am
"I would like to spend a few minutes discussing the first topic. Because interest rates around the world have steadily declined for several decades, rates in normal times now tend to be much closer to zero than in the past (figure 5).8 Thus, when a recession comes, the Fed is likely to have less capacity to cut interest rates to stimulate the economy than in the past, suggesting that trips to the ELB may be more frequent. The post-crisis period has seen many economies around the world stuck for an extended period at the ELB, with slow growth and inflation well below target. Persistently weak inflation could lead inflation expectations to drift downward, which would imply still lower interest rates, leaving even less room for central banks to cut interest rates to support the economy during a downturn. It is therefore very important for central banks to find more effective ways to battle the low-inflation syndrome that seems to accompany proximity to the ELB."
https://www.federalreserve.gov/newse...l20190308a.htm

Got to love this guy. I really wait market reaction to this on Monday (Sunday for some). If that means there won't be any interest rate hikes this year, USD will weaken significantly.
  • #26,872
  • Mar 9, 2019 7:53am Mar 9, 2019 7:53am
Quoting 1pipperhour
"I would like to spend a few minutes discussing the first topic. Because interest rates around the world have steadily declined for several decades, rates in normal times now tend to be much closer to zero than in the past (figure 5).8 Thus, when a recession comes, the Fed is likely to have less capacity to cut interest rates to stimulate the economy than in the past, suggesting that...
What do you mean by "got to love this guy"?

It's macroeconomics for a macroeconomic audience. At a university. What did you expect?
  • #26,873
  • Mar 9, 2019 10:07am Mar 9, 2019 10:07am
Hello new member here, directed to find Davit and his thread from babypips, lots to read, learn and absorb.

Currently reading from the beginning and reached page 120 think this will take me many many weeks to get through but I’ll get there

This trading system and its methodology looks excellent and look forward to mastering it and the lessons along the way.

Hopefully by the time Davit returns I shall be well on my way to executing this system effectively, in the meantime I look forward to everyone’s input.
  • #26,874
  • Mar 9, 2019 11:42am Mar 9, 2019 11:42am
Quoting pgr45za
{quote} What do you mean by "got to love this guy"? It's macroeconomics for a macroeconomic audience. At a university. What did you expect?
Sorry professor, but I smell money next week and it has something to do with US dollar.
  • #26,875
  • Mar 9, 2019 12:17pm Mar 9, 2019 12:17pm
Quoting 1pipperhour
"I would like to spend a few minutes discussing the first topic. Because interest rates around the world have steadily declined for several decades, rates in normal times now tend to be much closer to zero than in the past (figure 5).8 Thus, when a recession comes, the Fed is likely to have less capacity to cut interest rates to stimulate the economy than in the past, suggesting that...
from the same speech

"While the precise level of reserves that will prove ample is uncertain, standard projections, such as those in the table, suggest we could be near that level later this year. As we feel our way cautiously to this goal, we will move transparently and predictably in order to minimize needless market disruption and risks to our dual-mandate objectives. "

Basically saying we got 1 more .25 hike end of the year and finally to 3% normal rate where Fed is aiming.Now question is will the USD stay bullish until end of the Year? Will have to wait and see.
Personally USD needs to deflate before push up another leg up for rate hike. There is vast grey area from now to Dec and anything can happen economically that could halt Feds goals.
All Central Banks are on hold (except Feds)and RBA may actually cut rates 1st followed by NZ. Question of extremely strong USD may become economic hurdle for US and could effect US economy negatively hence either Feds may halt as well or next 6 months could change their trajectory.
In trading, you have to be defensive and aggressive at the same time
  • #26,876
  • Mar 9, 2019 12:30pm Mar 9, 2019 12:30pm
Quoting better23
{quote} {quote} extraordinary results keep posting here friend
You guys all can achieve similar results when principles of my system applied. To you may seem extraordinary to me looks like Yes someone is connecting the dots.
In trading, you have to be defensive and aggressive at the same time
  • #26,877
  • Mar 9, 2019 12:31pm Mar 9, 2019 12:31pm
Quoting 1pipperhour
{quote} Sorry professor, but I smell money next week and it has something to do with US dollar.
The low-hanging fruit is now the Euro, it seems.
A German friend was appauled with a new round of QE from ECB, but this was written on the wall when I said Weidman would no longer be running for ECB. As I mentioned a few weeks back and Mundo kinda mocked me saying that if anything Pedro is good for giving us the most arcane of information. Doves rule!

Quoting Davit
{quote} from the same speech "While the precise level of reserves that will prove ample is uncertain, standard projections, such as those in the table, suggest we could be near that level later this year. As we feel our way cautiously to this goal, we will move transparently and predictably in order to minimize needless market disruption and risks to our dual-mandate objectives. " Basically saying we got 1 more .25 hike end of the year and finally to 3% normal rate where Fed is aiming.Now question is will the USD stay bullish until end of the Year?...
Dollar will remain king while the rest of the world has sub-par growth prospects, namely EMs.
I expect China to make a deal with US very soon and AU will benefit from that.
But anything can happen and we will be prepared for whatever comes.

Quoting Davit
{quote} You guys all can achieve similar results when principles of my system applied. To you may seem extraordinary to me looks like Yes someone is connecting the dots.
And given that Hélio is in Brazil, his gains are basically double or triple those he presented, in PPP (purchasing power parity terms).
  • #26,878
  • Mar 9, 2019 2:04pm Mar 9, 2019 2:04pm
my point of view for us$ dollar is just for the next week, where I hope more bearish.
why?
because I realized us$ dollar reach level of 97.70
https://www.tradingview.com/chart/ohGH5vVL/
on DXI., and that bullish moviment was because the GBP report.
and also ECB pushed back rate hike plans, anounces fresh funding for banks,
so, that push the EURO down.
https://www.cnbc.com/2019/03/07/euro...-decision.html
and the reason for the pullback when reached the resistence at level 97.7 was 2 aspects:
1) https://www.reuters.com/article/usa-...-idUSL1N20V0FU
2) president of china China has removed a planned trip to President Trump's Mar-a-Lago, Florida,
https://www.marketwatch.com/story/ch...ort-2019-03-08

so, I will watch DXI until I see the support at 97.00
i dont know how impact we will see on tuesday when we see the number of Core Retail Sales m/m and Retail Sales m/m and also on wed ( Core Durable Goods Orders m/m &&& PPI m/m)
  • #26,879
  • Edited 3:55pm Mar 9, 2019 3:41pm | Edited 3:55pm
Hi guys
Part of becoming successful trader is doing things in consistent manner.Doing calendar 1 week and not doing it again because you see no point in it is missing the benefit in long term.Watching PA 1 time and not watching next time could cost you money..Buying at 61R when you should not could cost you money.
In short refocus! I know some of you had bad week and that's fine we don't always win! Guys who claim hitting 100% are jokers in my opinion.Nobody hits 100% Nobody! There is a way to show that by hiding massive DD and only closed profitable trades but soon or later party will come down to crash!
I had losing Dec last year. Did not faze me at all came back Jan and won everything back and more and hit Feb 21k profits.Must believe in you and system.USE the losing week as stepping stone to greater heights because you addressed reasons why.Trading is ever fine tuning activity.One can never stop learning.
Me not posting as much should have ZERO bearing on the system.System works!with me or without me.

Carry on!

From Davit's Philosophy (clipboard PDF) read it if you have not.Obviously there is more about what I do then simply press buttons.I worked on my behavior both in life and trading!This is why I can stay calm in losing trade and not even flinch!Its important to trade without fear.This comes from examining and addressing your thoughts and behavior.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture - Copy.PNG Size: 80 KB
In trading, you have to be defensive and aggressive at the same time
  • #26,880
  • Mar 9, 2019 4:02pm Mar 9, 2019 4:02pm
Quoting Boomsly
Hello new member here, directed to find Davit and his thread from babypips, lots to read, learn and absorb. Currently reading from the beginning and reached page 120 think this will take me many many weeks to get through but I’ll get there This trading system and its methodology looks excellent and look forward to mastering it and the lessons along the way. Hopefully by the time Davit returns I shall be well on my way to executing this system effectively, in the meantime I look forward to everyone’s input.
going to remove you since it says in bold letters I require minimum 2yr experience on page 1! Since you already can't follow instruction it makes it worst.
Disclaimer
Pivot trading is advance trading requiring both psychological and technical experience in Forex.
I require 2 yrs minimum trading experience trading my system.What it may appear easy its very deceptive, in reality you can lose your account without proper account management.Not responsible for your gains or losses!
In trading, you have to be defensive and aggressive at the same time
11 traders viewing now