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Pivot Trading Journal

  • #61
  • Apr 8, 2019 9:43am Apr 8, 2019 9:43am
Oil jumped from R38 to R61.
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And you will leave pain to take care of itself.
  • #62
  • Apr 8, 2019 10:03am Apr 8, 2019 10:03am
Quoting JoeeF
Oil jumped from R38 to R61. {image} {image} {image}
EC below DO.
BRN 1.50
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And you will leave pain to take care of itself.
  • #63
  • Apr 8, 2019 11:07am Apr 8, 2019 11:07am
EURUSD ? Only this pair in 61 zone. Is a little bit overstretched - 127%.
Short term short?
I think no.
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And you will leave pain to take care of itself.
  • #64
  • Apr 8, 2019 11:25pm Apr 8, 2019 11:25pm
Quoting JoeeF
{quote} EC below DO. BRN 1.50 {image} {image} {image}
No red news in today's calendar.
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And you will leave pain to take care of itself.
  • #65
  • Apr 9, 2019 1:17am Apr 9, 2019 1:17am
In my radar.
No far from R61 zone.
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And you will leave pain to take care of itself.
  • #66
  • Apr 9, 2019 2:50am Apr 9, 2019 2:50am
Quoting JoeeF
In my radar. No far from R61 zone. {image}
AUDUSD is still crawling up.
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And you will leave pain to take care of itself.
  • #67
  • Apr 9, 2019 7:30am Apr 9, 2019 7:30am
Hi Joe
What is your entry trigger?
We already agree before that pivots are just interest zone but what else do you use to find reliable entry?
Do you use S&R, fibonacci levels, patterns etc...
I'm curious.
Davit says price action but as you know is too generic.
Personally in my manual trading I use supply&demand so if price is in a supply zone I only look for sells but before triggering the fire I will wait for price to remove a demand zone and than I put a pending order at the supply zone.
Of course the supply can fail but often it will hold.
Do you see. I'm talking about price action but I give a detailed view on how I do my entry.

What about you?
  • #68
  • Apr 9, 2019 10:17am Apr 9, 2019 10:17am
Quoting Merka
Hi Joe What is your entry trigger? We already agree before that pivots are just interest zone but what else do you use to find reliable entry? Do you use S&R, fibonacci levels, patterns etc... I'm curious. Davit says price action but as you know is too generic. Personally in my manual trading I use supply&demand so if price is in a supply zone I only look for sells but before triggering the fire I will wait for price to remove a demand zone and than I put a pending order at the supply zone. Of course the supply can fail but often it will hold. Do...
Please read all my review posts at least (Some thoughts related to Entries:...). It would be better to read Davit's thread of course. You can find a lot of examples there. For example here or here or here. There are ton of examples there.

Bullish/Bearish outside bar, Engulfing bar,
Pin Bar, Shooting Star Candle,
...
...
regards
And you will leave pain to take care of itself.
  • #69
  • Apr 9, 2019 3:45pm Apr 9, 2019 3:45pm
Quoting Merka
Hi Joe What is your entry trigger? We already agree before that pivots are just interest zone but what else do you use to find reliable entry? Do you use S&R, fibonacci levels, patterns etc... I'm curious. Davit says price action but as you know is too generic. Personally in my manual trading I use supply&demand so if price is in a supply zone I only look for sells but before triggering the fire I will wait for price to remove a demand zone and than I put a pending order at the supply zone. Of course the supply can fail but often it will hold. Do...
Davit:
I think its important to stress that PA reading is critical part of trading this method.
Example few traders like Arjun went long prematurely on EA and so far its going south. Same situation on NU it kept destroying level after level so PA reading is essential.I do like to see lower TF candles red/green like 15-30min before entry at least I have a decent shot.
And you will leave pain to take care of itself.
  • #70
  • Apr 9, 2019 3:54pm Apr 9, 2019 3:54pm
Quoting Merka
Hi Joe What is your entry trigger? We already agree before that pivots are just interest zone but what else do you use to find reliable entry? Do you use S&R, fibonacci levels, patterns etc... I'm curious. Davit says price action but as you know is too generic. Personally in my manual trading I use supply&demand so if price is in a supply zone I only look for sells but before triggering the fire I will wait for price to remove a demand zone and than I put a pending order at the supply zone. Of course the supply can fail but often it will hold. Do...
more on how to trade this system.Lets go back to EA
PA is obviously bearish on all TF's (look at angleator)
You should not assume S38 will hold.Should not place longs until you see at least 15-30min green candles.TDI turning north or hooking N will be good sign as well.
This is to eliminate losers on premature entries
Once PA reaches 61S then probability of reversal is greater and I usually start my 1st leg of trades provided I see signs of bullishness I mentioned earlier.
78-100S are classic reversal areas and extreme high probability trades so most times its worth waiting for 61-100 levels.
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And you will leave pain to take care of itself.
  • #71
  • Apr 9, 2019 3:59pm Apr 9, 2019 3:59pm
Thanks
I will read for sure.
Cheers
  • #72
  • Apr 10, 2019 12:17am Apr 10, 2019 12:17am
Today's calendar.
EUR and USD
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And you will leave pain to take care of itself.
  • #73
  • Apr 10, 2019 2:12am Apr 10, 2019 2:12am
Quoting JoeeF
In my radar. No far from R61 zone. {image}
Quoting JoeeF
{quote} AUDUSD is still crawling up. {image} {image}
AUDUSD
R61 again ...
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And you will leave pain to take care of itself.
  • #74
  • Apr 10, 2019 3:02am Apr 10, 2019 3:02am
Quoting Merka
Thanks I will read for sure. Cheers
You are welcome.
You can really find anything in Davit's thread:
when I went longs on EU PA showed bullish candles and at one point was in profit on all my positions but after 6hrs things are not looking so great.
I trade small and my SL range 100-300 pips depending on pair and position size hence price dropping -50pips does not bother me.Most times its stop hunting taking out weak longs before real move begins.This is dog eat dog environment and I adapting my trading style to overcome whatever market makers throw at me.I reduced my lots and my leverage and I enter at key turning points.
My EU was at 78S which is great level and even better at 100S. You are not going to hit every trade but have to look at your gains like a business 3 months Q/Q periods otherwise you will be an emotional ping pong going up and down every day.That's not good.Anyway reason again I went long 78S and to me that's a great level.Will it work? Don't know.
As Mark Douglas says "I don't need to know the future to make money"I gambled sports 5yrs and trading 5yrs so I have about 10yrs of experience.Been extreme low emotionally and extreme high but now I don't get too emotional either way.I am like Buddha now "let the price do its thing"You must keep level head calm no panics.Develop confidence,positive thinking and objective analyses.Market is not scary once you figure out how to beat it.
And you will leave pain to take care of itself.
  • #75
  • Apr 10, 2019 4:32am Apr 10, 2019 4:32am
EURUSD
My troops are waiting...
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And you will leave pain to take care of itself.
  • #76
  • Apr 10, 2019 4:41am Apr 10, 2019 4:41am
Quoting JoeeF
EURUSD My troops are waiting... {image}
AUDUSD too...
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And you will leave pain to take care of itself.
  • #77
  • Apr 10, 2019 9:07am Apr 10, 2019 9:07am
Quoting JoeeF
EURUSD My troops are waiting... {image}
It was a good thought but from 100R not 138R...
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And you will leave pain to take care of itself.
  • #78
  • Apr 10, 2019 9:46am Apr 10, 2019 9:46am
NZDJPY is reaching S61.
It's worth to watch.
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And you will leave pain to take care of itself.
  • #79
  • Apr 10, 2019 12:28pm Apr 10, 2019 12:28pm
Quoting JoeeF
NZDJPY is reaching S61. It's worth to watch. {image} {image}
It's back...
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And you will leave pain to take care of itself.
  • #80
  • Apr 10, 2019 12:31pm Apr 10, 2019 12:31pm
Quoting JoeeF
{quote} It was a good thought but from 100R not 138R... {image}
Was it stop hunting to kill weak longs?
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And you will leave pain to take care of itself.
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