Pivot Trading | Page 1416 | 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

  • #28,301
  • Apr 5, 2019 1:47pm Apr 5, 2019 1:47pm
Great week guys "other then my deep teeth cleaning" still sore in the mouth.
Trading can be profitable.Ignore the negative people and focus on making money.This system is simple and that's the beauty of it.
PPE Pivots /Price Action /Events

Clarity/ Logic= $$
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 42 KB
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #28,302
  • Apr 5, 2019 1:56pm Apr 5, 2019 1:56pm
This is mine. As usual, small numbers, but better than nothing.
Still UJ short open.
Have a great week-end!
Attached Image (click to enlarge)
Click to Enlarge Name: report 2019.04.5.JPG Size: 74 KB
Discipline and winning attitude
  • #28,303
  • Apr 5, 2019 2:10pm Apr 5, 2019 2:10pm
This week was not bad, but could have been better. I have missed some opportunity coz I was asleep (EU). I have now about 2% DD with 7 pairs. Ofc UJ too.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 15 KB


Have a nice weekend guys.
Cheers
Armaros
  • #28,304
  • Apr 5, 2019 2:52pm Apr 5, 2019 2:52pm
Quoting Davit
Great week guys "other then my deep teeth cleaning" still sore in the mouth. Trading can be profitable.Ignore the negative people and focus on making money.This system is simple and that's the beauty of it. PPE Pivots /Price Action /Events Clarity/ Logic= $$ {image} {image}
To put it another way, I liken it to the KISS principal "keep it simple, stupid" hope your mouth heals fast, have great week end.
  • #28,305
  • Apr 5, 2019 3:58pm Apr 5, 2019 3:58pm
I was looking into NFP data, distribution of 196K jobs and earnings. Some interesting distribution in following images:

Attached Image


Distribution of 82% of Private service-providing jobs (in K)

Attached Image


Average weekly earning diff from Feb to March 2019

Attached Image
  • #28,306
  • Apr 5, 2019 4:25pm Apr 5, 2019 4:25pm
I am a bit disappointed with my results this week. But I was expecting something like that( even worse) probably. I decided to hold UJ . It was my risk which eventually cost me . Not a lot but not pleasant. On other hand dollar didn’t sky rocketed which tells me that something else is in there. CPI next week. Possible scenario is that dollar will be pushed higher before that or correction lower before that. Ether way I am still selling dollar in long term. Short term buy on dips. Left trades over weekend. AJ, EN and CJ. Next week is big numbers coming for E , and EU is in the same range on daily. Overall not bad week, probably If I wouldn’t stuck with UJ I wouldn’t take anymore trades this week. Congratulations to everyone who closed positive. For those who doesn’t, no regrets, keep ya heads up, it’s just the way of doing business! Great weekend everyone!
  • #28,307
  • Apr 5, 2019 5:37pm Apr 5, 2019 5:37pm
Quoting Davit
Great week guys "other then my deep teeth cleaning" still sore in the mouth. Trading can be profitable.Ignore the negative people and focus on making money.This system is simple and that's the beauty of it. PPE Pivots /Price Action /Events Clarity/ Logic= $$ {image} {image}
Hey all,

New to the thread here so looking forward to trading along with you hopefully at some point.. possibly Monday around the NY session.

Davit - Just wanted to comment on the video of Arnold you put up. Really awesome and inspiring. Thanks for posting.

SF
Green pips to all
  • #28,308
  • Edited Apr 6, 2019 1:55am Apr 5, 2019 6:18pm | Edited Apr 6, 2019 1:55am
Thank you, TEACHER !!!
You generous , positive person !
lat. \ Viam supervadet vadens \
Attached Image (click to enlarge)
Click to Enlarge Name: 06.04.19 [USDJPY,M30].jpg Size: 139 KB
You're the only author of everything that's happening to You !
  • #28,309
  • Apr 5, 2019 7:20pm Apr 5, 2019 7:20pm
Quoting Recruit
Hello guys, what i found that works for me, is that i stopped to listen guys telling me some percentages. Some say 2, some say 5 or somebody will tell you 20% DD is alright. Its not. Its very specific and individual. You can be confortable to trade with 2% DD or you can be confortable with 20% DD. When you are not comfortable with specific DD, you will make a lot of mistakes which lead to entering with bigger positions (as Davit said). Do what fits to you And honestly , there is nothing wrong on DD at all. Cheers Recruit
Worth reading
Quoting Cryptosurf
{quote} Exactly, my DD limit will always vary on where price is at. If it appears that I am wrong then I gtfo immediately. Most of the time I just need to wait a little bit for the trade to develop.
2018 above below from one of the traders here I respect.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 26 KB
In trading, you have to be defensive and aggressive at the same time
  • #28,310
  • Apr 5, 2019 7:29pm Apr 5, 2019 7:29pm
Quoting Davit
Hi Guys About drawdowns This subject is often misunderstood and twisted into gross forum debates and traders who have history of blown accounts.Very few understand nature of DD DD is essential part of any successful trading system if anyone tells you otherwise they are lying and deceiving you.There is no such thing as zero DD system that is successful long term.This comes down to stop losses.Are you going to take a loss every time price goes against you 20-30pips?If yes you will deplete your account before you know it. Trades need room to develop!!...
Worth reposting
Lot of folks don't really understand what I do.My approach to trading has been consistent and yes I do take losses.I manage my account that best fits how I trade.That's as simple as that.You make determination about when you cut losses.Everyone must manage their accounts best that fits your account size and trading lot sizes.That's why I have no rules on SL its relative to each and every trader both experienced and new traders.
This is important to grasp.You must manage your account yourself that I can't teach.
regards
In trading, you have to be defensive and aggressive at the same time
  • #28,311
  • Apr 5, 2019 7:33pm Apr 5, 2019 7:33pm
Quoting Davit
{quote} Worth reading {quote} 2018 above below from one of the traders here I respect. {image}
Yesterday on GC didn't turn out too good for myself, while I had a 50 pip SL. I'll increase it next time to 100 pips and see how it goes, I know if I had previously had a higher SL like 100 or >I wouldn't have been stopped out. Still hanging in there with UJ Short. It appears to me most traders here don't trade with a stop loss, but I could be wrong?
You NEVER will be the person you could be, without pressure & discipline
  • #28,312
  • Apr 5, 2019 7:40pm Apr 5, 2019 7:40pm
Quoting DiamondMiner
{quote} Yesterday on GC didn't turn out too good for myself, while I had a 50 pip SL. I'll increase it next time to 100 pips and see how it goes, I know if I had previously had a higher SL like 100 or >I wouldn't have been stopped out. Still hanging in there with UJ Short. It appears to me most traders here don't trade with a stop loss, but I could be wrong?
were you shorting or buying GC? remember pair that averages 180+ADR must also have bigger SL
50SL is too tight on GC just my opinion.
UJ is fine its at strong R and only drawback is sucking margin and swap while holding.That's trading not every swing works.This has been demonstrated over and over on Mark Douglas videos on probabilities.
Keep in mind that every week presents new probabilities fundamentals and technicals.Sometimes holding little more loser becomes profitable.Time is a factor in trading.

You are wrong on SL. I actually quoted 2 posts above.Not placing hard stop does not mean there is no stop loss.
In trading, you have to be defensive and aggressive at the same time
  • #28,313
  • Apr 5, 2019 7:55pm Apr 5, 2019 7:55pm
Quoting Cryptosurf
Here's another example of price structure following a typical pattern. Price was "Marked Up" late into the week and then failed to break above R38 of the following. Each successive week it continued to fail R38 break, until a "Mark Down" late into the week reversed into the following. {image} {image}
This is a great post by our friend here Cryptosurf. This is one of the best posts here at Pivots

Now think about UJ in context
So much great content here on this thread that is why its important to read it.
In trading, you have to be defensive and aggressive at the same time
  • #28,314
  • Apr 5, 2019 8:03pm Apr 5, 2019 8:03pm
Quoting denisius
I am a bit disappointed with my results this week. But I was expecting something like that( even worse) probably. I decided to hold UJ . It was my risk which eventually cost me . Not a lot but not pleasant. On other hand dollar didn’t sky rocketed which tells me that something else is in there. CPI next week. Possible scenario is that dollar will be pushed higher before that or correction lower before that. Ether way I am still selling dollar in long term. Short term buy on dips. Left trades over weekend. AJ, EN and CJ. Next week is big numbers...
Its fine mistakes are part of trading unavoidable.Don't beat yourself and keep your positive attitude and work on improving your trading.
Trading is much like weight lifting your body gets stronger overtime.You can't do 50lb curls right away might start at 20lb but in a year or two maybe.Its a conditioning process.
In trading, you have to be defensive and aggressive at the same time
  • #28,315
  • Apr 5, 2019 8:04pm Apr 5, 2019 8:04pm
Quoting Davit
{quote} were you shorting or buying GC? remember pair that averages 180+ADR must also have bigger SL 50SL is too tight on GC just my opinion. UJ is fine its at strong R and only drawback is sucking margin and swap while holding.That's trading not every swing works.This has been demonstrated over and over on Mark Douglas videos on probabilities. Keep in mind that every week presents new probabilities fundamentals and technicals.Sometimes holding little more loser becomes profitable.Time is a factor in trading. You are wrong on SL. I actually quoted...
Davit, I was Short on GC, got in just after your post. Now i know better, and will adjust for next time. Though I am still +Territory in $$$ from my first starting out. I realize, all of this is a learning process, while I see traders still in DEMO posting their Cherry Picked wins with over the top lot sizes is utter posting nonsense that only pads their ego, and can't be taken as a serious trader neither. Yes, we're dealing with probabilities here with an edge if found, agreed. I see from results that there are many mini opportunities to make $$$ and now and then and occasionally lottery wins that present themselves. I'll adjust to that as well, all money gained large or small adds up, eh? Truly, I will let time become my best friend.
You NEVER will be the person you could be, without pressure & discipline
  • #28,316
  • Apr 5, 2019 8:08pm Apr 5, 2019 8:08pm
Quoting DiamondMiner
{quote} Davit, I was Short on GC, got in just after your post. Now i know better, and will adjust for next time. Though I am still +Territory in $$$ from my first starting out. I realize, all of this is a learning process, while I see traders still in DEMO posting their Cherry Picked wins with over the top lot sizes is utter posting nonsense that only pads their ego, and can't be taken as a serious trader neither. Yes, we're dealing with probabilities here with an edge if found, agreed. I see from results that there are many mini opportunities to...
I got out about 7435 which has been strong support at multiple times.My best advise trade what you know best.Stick to pairs you know well.
If you got in at 7450 area then you were at swing end.Its easier to see this at daily chart
I generally never short at the end of swings or buy swing tops
In trading, you have to be defensive and aggressive at the same time
  • #28,317
  • Apr 5, 2019 8:30pm Apr 5, 2019 8:30pm
only 18min but brilliant interview with Dr. Maxwell Maltz one of my most beloved motivators.
He is the father of mental success conditioning,visualization etc.Lot of athletes,businessman used his techniques.
Inserted Video


Listen the interview then reflect about it.Now look at 2 threads at Rookie section.Think what success or failure mechanism dominates those thread starters and stout supporters.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #28,318
  • Apr 5, 2019 9:02pm Apr 5, 2019 9:02pm
Quoting Davit
{quote} This is a great post by our friend here Cryptosurf. This is one of the best posts here at Pivots Now think about UJ in context So much great content here on this thread that is why its important to read it.
Thanks man, its what I have identified as the lowest of the low hanging fruit. Just need to wait for it and strike. There's at least several per week. All you need is one or two and go deep.
Trade with confidence, trade without fear.
  • #28,319
  • Edited 4:10am Apr 6, 2019 2:47am | Edited 4:10am
This week was few profits only for me as well. We don't get to party every week. But we make sure we survive..
Attached Image (click to enlarge)
Click to Enlarge Name: trades.png Size: 50 KB


Just a few good trades but still holding a lot to carry until next week...

I think this is the low hanging fruit that Crypto explained before but I'm not sure...
You be the judge...?

AN Short
Attached Image (click to enlarge)
Click to Enlarge Name: an short.png Size: 49 KB


UJ Short
Attached Image (click to enlarge)
Click to Enlarge Name: uj short.png Size: 56 KB


Also carrying these trades over the weekend, let's see what will market do next week... Patience and having DD is really part of trading, just make sure you manage your account very well so it can with stand the negative trades and make room for the trade to develop before price goes to your favor.

I'm also thinking that Dollar is bound to crash... Even news saying NFP is good, it did not move up that much really.. Gold did not crash down and so UJ did not sky rocket.... Something is definitely cooking...

So, I am long on Gold, NU and also NC...
Attached Image (click to enlarge)
Click to Enlarge Name: gold buy.png Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NU buy.png Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: nc buy.png Size: 54 KB


If you will also check DXY's chart, there's already triple top formation... Means very strong resistance on 97 area...
Attached Image (click to enlarge)
Click to Enlarge Name: DXY_M9Daily.png Size: 62 KB
We're not here to be right, we're here to Profit Consistently!
  • #28,320
  • Apr 6, 2019 6:41am Apr 6, 2019 6:41am
Quoting Davit
I keep rereading and rereading "Trading in the Zone" by Mark Douglas Reason is every chapter is simply gold nuggets. He highly influenced how I trade.He made me understand what true probability is and sample size (one needs large sample size to test how successful my system is hence "trying" out short time is futile CHAPTER 7 THE TRADER'S EDGE: THINKING IN PROBABILITIES Exactly what does it mean to think in probabilities, and why is it so essential to one's consistent success as a trader? If you take a moment and analyze the last sentence, you will...

davit thank you for writing it here.

it's a positive thing that changes my view of trade, why the edge is important, why can the emotional side damage it, and in the end change the results of trading, I feel more optimistic now.

the book is really worth reading for all traders.

thank you again davit.

regards
1 trader viewing now