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Pivot Trading

  • #28,841
  • Apr 15, 2019 10:32pm Apr 15, 2019 10:32pm
Quoting rupasi
Good evening Davit, I have reviewed 360 posts from #1. It is clear and straightforward. I will continue reviewing posts however do you recommend a method, specific posts that will give additional insight or indicators? Or should I review all 1443 pages, about 300 hours. I am willing to put in the time, just want to get started. I am not a new trader but have spent time studying different methods and systems. Yours seems to suit my personal style more than others. Thanks very much!
Go here and download the pdf. It’ll bring you up to speed on key points. https://www.forexfactory.com/showthr...1#post10335951
Trade with confidence, trade without fear.
  • #28,842
  • Apr 16, 2019 12:15am Apr 16, 2019 12:15am
Thank you Davit for all what you doing here:
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  • #28,843
  • Apr 16, 2019 1:11am Apr 16, 2019 1:11am
Quoting Cryptosurf
{quote} Go here and download the pdf. It’ll bring you up to speed on key points. https://www.forexfactory.com/showthr...1#post10335951
Thx Cryptosurf...your .pdf is a a perfect resume of Davit's philosophy.
Each newbie here should read that.
  • #28,844
  • Apr 16, 2019 1:35am Apr 16, 2019 1:35am
Watching very closely E/C, (positive SWAP)
Money is a part of what turns you into who you are.
  • #28,845
  • Apr 16, 2019 1:42am Apr 16, 2019 1:42am
Quoting koziolq
Watching very closely E/C, (positive SWAP)
Noted this one too, But it still have more room above until tomorrow cad news and opec, PA will tell
Stay low, Go fast - No luck, All skill
  • #28,846
  • Apr 16, 2019 1:49am Apr 16, 2019 1:49am
Quoting koziolq
Watching very closely E/C, (positive SWAP)

Quoting tehtawar
{quote} Noted this one too, But it still have more room above until tomorrow cad news and opec, PA will tell
I've been loading up on shorts for EC - I want those juicy swap payments

We shall see how it plays out, even with the news.

Cheers,
Nigel
  • #28,847
  • Apr 16, 2019 2:02am Apr 16, 2019 2:02am
To do a calendar sedule is damn good thing
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  • #28,848
  • Edited 2:23am Apr 16, 2019 2:04am | Edited 2:23am
Quoting nigelnorm
{quote} {quote} I've been loading up on shorts for EC - I want those juicy swap payments We shall see how it plays out, even with the news. Cheers, Nigel
Better price more juicy then swap payments bro

ps: watch german april zew!
Stay low, Go fast - No luck, All skill
  • #28,849
  • Apr 16, 2019 2:04am Apr 16, 2019 2:04am
Quoting mizi123
To do a calendar sedule is damn good thing {image} {image} {image}
Good one, keep it up mate.
Money is a part of what turns you into who you are.
  • #28,850
  • Edited 5:10am Apr 16, 2019 2:11am | Edited 5:10am
Short EUR/CAD:
Target:1.503
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  • #28,851
  • Apr 16, 2019 2:20am Apr 16, 2019 2:20am
GC make sense to be monitored all criteria has mate ...
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  • #28,852
  • Apr 16, 2019 2:34am Apr 16, 2019 2:34am
Building shorts on EURCAD:
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  • #28,853
  • Apr 16, 2019 2:35am Apr 16, 2019 2:35am
Quoting nigelnorm
{quote} {quote} I've been loading up on shorts for EC - I want those juicy swap payments We shall see how it plays out, even with the news. Cheers, Nigel
My EC entries from last week made even earlier by yesterday BOC survey, still manageable DD, a bit better on my AC short.
Had I closed my EC before red news @ WPP now I would sit in a perfect and relaxed situation with a profit in my pocket and ready to reload, but this is hindsight.
Now waiting for OPEC, CAD CPI, Trade Balance and Core Retail Sales later this week, luckily swap is on my side.
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Porta itineris dicitur longissima esse
  • #28,854
  • Apr 16, 2019 2:40am Apr 16, 2019 2:40am
watching EURCAD
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  • #28,855
  • Apr 16, 2019 2:50am Apr 16, 2019 2:50am
I closed my AJ trade
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  • #28,856
  • Apr 16, 2019 2:51am Apr 16, 2019 2:51am
Quoting General Lee
watching EURCAD {image}
Same
Stay low, Go fast - No luck, All skill
  • #28,857
  • Apr 16, 2019 3:09am Apr 16, 2019 3:09am
A very nice short UCHF setup. This is only for educational porpouses because here we don't trade CHF pairs!
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #28,858
  • Apr 16, 2019 3:13am Apr 16, 2019 3:13am
Watching GBPCAD
news coming up
  • #28,859
  • Apr 16, 2019 3:58am Apr 16, 2019 3:58am
Closed AU from last weeks spike. Running AJ from yesterday as below. These are classic pivot set ups. I threw a fib extension on AJ just to demonstrate the simplicity of the method..when applied and traded properly. AJ Weekly pivot is on the 38.2% fib retracement from last weeks high and extension beyond R100. Not rocket science.

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Also strip back your charts, use the template provided, observe price action around these key 61-100 zones and never forget it is a game of probabilities. No-one knows what the next trade will do and frankly you shouldn't care. One trade should not be positioned to wipe out or create massive draw down in your account. The only time you wet your pants is if you're positioned too large to handle. Reduce your trade sizes, trade in these zones with low ADR pairs and observe yourselves doing this over a large sample of trades. Davit's post on trade size where he took 500+ pips versus another members 35 pips...on exactly the same set-up, is the defining example on this thread of how to optimise your set-up. We can all see the same set-ups, but position sizing and risk management will define your edge over a large sample of trades.
  • #28,860
  • Apr 16, 2019 4:00am Apr 16, 2019 4:00am
Hi all,

Not managed to trade too much this past week due to being away hiking, took a slice of AUDUSD however.

Noticed there's been some positive/negative swap chat over the past week or so. Just thought i'd share a really simple tip that I've used in the past to help me quickly analyse what my preference for a currency pair is: coloured backgrounds! I've been thinking a lot recently about only trading the direction of positive swap to try and grow the account gradually as much as possible, it may also help prevent over-trading if waiting for specific setups in only 1 direction.

AUDUSD - Red background for positive swap rate on selling.
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USDCAD - Blue background for positive swap rate on buying.
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And a neutral colour for those pairs that have no preferable swap direction.

Cheers,
Ben
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