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Pivot Trading

  • #27,181
  • Mar 15, 2019 12:26pm Mar 15, 2019 12:26pm
Quoting asyurei3
Next week some events I'm interested in: Monday AUD Monetary Policy Meeting Minutes - I imagine this will be a negative event for AUD , I will look to be out of my AUD/NZD trade before this event, will be looking to get long again if AUD sells off, I will look at other AUD pair opportunities (Will hold off on getting back into AUD/NZD). Wednesday USD FOMC Economic Projections & News Conference - I expect USD to decline. I have some long USD trades that I will want to close before this event. NZD GDP q/q Market is expecting a good number, I will...
Did you miss AUD Employment Data?
  • #27,182
  • Edited 4:18pm Mar 15, 2019 12:30pm | Edited 4:18pm
This week I've been very very conservative (and partially absent for most of the week due to my job). The weekly report is a proof
Moreover, neither Investing.com nor Myfxbook and FF calendars, jut to mention them, wich I usually inspect, scheduled today's CAD February home sales (Canada February existing home sales -9.1% vs -4.0% expected, worst result since 2012), losing the opportunity to trade the wave.
The importance of knowing the news from the right sources.
Good week-end!
Attached Image (click to enlarge)
Click to Enlarge Name: weekly report .png Size: 20 KB
Discipline and winning attitude
  • #27,183
  • Mar 15, 2019 12:31pm Mar 15, 2019 12:31pm
My results so far
Attached Image (click to enlarge)
Click to Enlarge Name: 93BABBDA-1939-4421-87EE-D49FC029F23B.jpeg Size: 101 KB
  • #27,184
  • Mar 15, 2019 12:50pm Mar 15, 2019 12:50pm
Quoting pet3250
{quote} OnAJourney, Two weeks with no profit no loss is a win in some ways as has been said already. If I look back at the last two years since I started on this journey, I would say that the biggest mistake that I made on a continual basis would be too tight a stop loss and not alowing the trade to breathe. Always look at a higher time frame to see the dominant trend and it will show you the way. I am only now getting into a routine of consistant profit since finding Davits wonderful system and sticking to it! I must have tried over 100 different...

Yes! Peter, thanks for that. Davit's insight is what turned on the lightbulb for me. I was an Ichimoku fan for years in trading stocks so I applied it to the forex. I know it works great for some people, but it killed my intuition of the market because I was so busy figuring out the myriad of multiple indicators-in-one that is Ichimoku that I constantly made bad trading decisions.

Like you, the methods on this thread have been absolutely essential for my trading these days. As I said before.... I was once was blind, but now I see.

Regards!
  • #27,185
  • Mar 15, 2019 1:12pm Mar 15, 2019 1:12pm
Quoting OnAJourney
{quote} Yes! Peter, thanks for that. Davit's insight is what turned on the lightbulb for me. I was an Ichimoku fan for years in trading stocks so I applied it to the forex. I know it works great for some people, but it killed my intuition of the market because I was so busy figuring out the myriad of multiple indicators-in-one that is Ichimoku that I constantly made bad trading decisions. Like you, the methods on this thread have been absolutely essential for my trading these days. As I said before.... I was once was blind, but now I see. Regards!...
I hope that you have a great week next week. lets see what the market brings!
Just trying to put a kiss on the cheek of success
  • #27,186
  • Edited 6:38pm Mar 15, 2019 2:55pm | Edited 6:38pm
Quoting Davit
It would be wise to Not buy USD (shorting NU GU EU Long UJ) Numbers are printing red and setiment is becoming bearish USD Unless there is solid evidence of PA Cad weakness due to Red Housing sells and Oil topping out and retreating {image} {image}
speaking about NU.
I should be wise do not buy USD as Davit advised.
I was already sold in this pair when I saw this important warning.
I'll probably close partly because I do not know what's going to happen with GDP q / q on Wednesday
I have a few pips on the table to decide next 1 hour.
any idea ?
Attached Image (click to enlarge)
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  • #27,187
  • Mar 15, 2019 3:18pm Mar 15, 2019 3:18pm
Quoting ppxdf
{quote} speaking about NU. I should be wise do not buy USD as Davit advised. I was already sold in this pair when I saw this important warning. I'll probably close partly because I do not know what's going to happen with GDP q / q on Wednesday I have a few pips on the table to decide next 1 hour. any idea ? {image} {image} {image}
Personally I would close up shop and therefore not have to worry about it over the weekend. Start fresh Monday . I've just closed EJ, CJ & NJ. Not massive profits but its profit for a Friday. I'm now having a big glass of .

Have a good weekend all.
  • #27,188
  • Mar 15, 2019 4:14pm Mar 15, 2019 4:14pm
[Trading from the phone is worst idea of all. But I don’t have other alternative. I have to adjust to that. Time is important. Patience is important. Davit is 100000000000% right about everything he said. All problems inside of us. ]
Brother if you can carry windows note book it will be good look up the system there are different models 2 in 1 tablet plus note book as minimum 10 inch not to big
  • #27,189
  • Mar 15, 2019 9:13pm Mar 15, 2019 9:13pm
Quoting Paolino
This week I've been very very conservative (and partially absent for most of the week due to my job). The weekly report is a proof Moreover, neither Investing.com nor Myfxbook and FF calendars, jut to mention them, wich I usually inspect, scheduled today's CAD February home sales (Canada February existing home sales -9.1% vs -4.0% expected, worst result since 2012), losing the opportunity to trade the wave. The importance of knowing the news from the right sources. Good week-end! {image}
1518 pips with zero loss in 5 days in only 0,68 LOTS is an amazing result, because it is impressive result of 2233 pips/lot
it is 1919 euros in 5 days.
contratulations Paolino,
keep going !!!!
  • #27,190
  • Mar 15, 2019 10:41pm Mar 15, 2019 10:41pm
Quoting wasay
[Trading from the phone is worst idea of all. But I don’t have other alternative. I have to adjust to that. Time is important.
I've been trading just from my phone for about 3yrs now. At first was just while away from the house/computer. But as life gets busier, I just went to the desk less & less. When the computer crashed, it was a month before I replaced it & just never downloaded the platform again. I focus on just a couple of pairs so it works for me. Cheers
Yeoman the "Tough Luck" Trader =p
  • #27,192
  • Mar 16, 2019 5:52am Mar 16, 2019 5:52am
Quoting fibo38
I see many times that in the forex factory calendar, important news does not appear, as in other pages. These news did not appear {image}
They were not that important for FF

Attached Image (click to enlarge)
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  • #27,193
  • Mar 16, 2019 9:44am Mar 16, 2019 9:44am
I have 1 question:
Is backtesting of historical pivots data reliable without be in able to know ADR factor for that certain day back in history!?
  • #27,194
  • Edited 10:13am Mar 16, 2019 10:02am | Edited 10:13am
Quoting mizi123
I have 1 question: Is backtesting of historical pivots data reliable without be in able to know ADR factor for that certain day back in history!?

Quoting Davit
{quote} Hi Bodal Don't waste your time back testing.Back testing assumes market will repeat what has transpired in the past.Well reality is every market creates continuous unique data that can't be compare to the past. Its the biggest myth in trading that back-testing will help your trading.Nope it won't(if history is profitable then historians should be great successful traders...).What does help is observation of probabilities in unique zones like pivots. regards On a bigger scheme of things its the same fallacy lot of traders fall into like drawing trend lines up and down and assume market will adhere to history...often not the case. There is a guy here which has been trading over 10years and his charts have fking lines up and down all over the place pin pointing every fking valley and hill and still showing no profit.Why you may ask if its so obvious then why these people are not profitable. They are not profitable because they are attached to shit that has no value.That goes for all MA's as well.Same mentality.Anyway what I am sharing here is pure gold and only handful of guys realize the significance. Let me reiterate that most unsuccessful traders are not aware true concept of probabilities and having an edge. Please read and re read Mark Douglas "trading in the Zone" He clearly demonstrates the idea of probability.What I am providing here with pivot is genuine edge that has great positive probability.
Davit: back testing is greatly exaggerated and falsely addressed.At any given time every price is unique.That means all players placing their orders and all different events fundamentals at play can't be replicated.Guys who are obsessed about back testing are delusional in terms of effectiveness of it.Think about this if back testing worked we could hire accountants and historians to trade and they would make millions but reality is not that simple.Could you have predicted Trump trade wars? or any other event.No impossible.One thing is constant are pivots no matter what year month or week.
Trade for real and see if this is for you.Only way to know.
  • #27,195
  • Mar 16, 2019 10:53am Mar 16, 2019 10:53am
Quoting Davit
{quote} Make sure this is done look at image. Reinstall the indicator.When clicking TF click back and forth like 1hr back to 15min then see if it's refreshed {image} {file}

hello david, big fan of your work! i was wondering if this could also be applied to cyrptocurrencies or if theres anyway i could use this on tradingview?

please advice and thank you in advance.

all the best
  • #27,196
  • Mar 16, 2019 11:54am Mar 16, 2019 11:54am
Quoting amateurme
{quote} hello david, big fan of your work! i was wondering if this could also be applied to cyrptocurrencies or if theres anyway i could use this on tradingview? please advice and thank you in advance. all the best
IMO it works on any instrument that is highly liquid (excluding indicies). Low liquidity crypto pairs may or may not always work.
The fundamental premise in trading pivots is to keep you onside ie: only buy at support and sell at resistance.

I have already created a template here in Tradingview: https://www.forexfactory.com/showthr...5#post12114975
Trade with confidence, trade without fear.
  • #27,197
  • Mar 16, 2019 5:27pm Mar 16, 2019 5:27pm
Quoting dsfx101
Hello everyone, I am new here and I need help with the following. 1. I download the indicators attachment on the 1st page on my MT4 (FxPro) but it's not working, I'm attaching the end result, can anyone please work me on how to properly install it on the platform or provide me with the right files? Attached Files (gotten from the 21st page) Magnified Market Price.ex4 Davits Pivot V3.2 Auto.mq4 FFCal-news-headlines.ex4 Pivots.tpl pipsometer_decimal_edit_2.mq4 ADR_v2(1).ex4 2. What triggers a BUY or SELL with this system? I will be so grateful if...
Do yourself a favour and have a read through the thread, it has pages for the reason.. asking stupid questions like this showing that you have no intention to put the effort in. That indicates you will loose your $$ in no time. Then you might as well just donate this money for sombody that will make a better use of them than you would.

I went through every single page of this thread, it has more information that any book out there could ever offer.
The best thing about it, - its compleatly free!!

so show some respect that somebody has put so much effort here to teach us abouth the PP and asked for nothing back!

Read through!..
Money is a part of what turns you into who you are.
  • #27,198
  • Mar 16, 2019 5:46pm Mar 16, 2019 5:46pm
Quoting dsfx101
Hello everyone, I am new here and I need help with the following. 1. I download the indicators attachment on the 1st page on my MT4 (FxPro) but it's not working, I'm attaching the end result, can anyone please work me on how to properly install it on the platform or provide me with the right files? Attached Files (gotten from the 21st page) Magnified Market Price.ex4 Davits Pivot V3.2 Auto.mq4 FFCal-news-headlines.ex4 Pivots.tpl pipsometer_decimal_edit_2.mq4 ADR_v2(1).ex4 2. What triggers a BUY or SELL with this system? I will be so grateful if...
Can’t see you staying in this thread much longer you need to read page 1 clear this system requires 2 years of trading, if you also read the post here you’d see that as price progressive away from the weekly pivot (equilibrium) price is more likely to go into correction.that sentence alone will tell you how to buy and sell using this startergy.
  • #27,199
  • Mar 17, 2019 7:58am Mar 17, 2019 7:58am
My Calendar Analyses: Sunday, March 17 to Friday, March 22

Attached .pdf
Attached File(s)
File Type: pdf Calendar Analyses Week Sunday March 17 to March 22.pdf   146 KB | 575 downloads
  • #27,200
  • Mar 17, 2019 8:45am Mar 17, 2019 8:45am
Quoting Gmo
My Calendar Analyses: Sunday, March 17 to Friday, March 22 Attached .pdf {image}
Many thanks GMO, appreciate your efforts.
regards,
Peter
Just trying to put a kiss on the cheek of success
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