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Pivot Trading

  • #29,541
  • Apr 26, 2019 10:34pm Apr 26, 2019 10:34pm
Quoting Renkomaster
April gains so far. {image}
April gains so far. Thank you Davit.
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  • #29,542
  • Apr 26, 2019 11:59pm Apr 26, 2019 11:59pm
This week was VERY instructive imo. Good to get exposure to this type of market condition, which varied greatly from the prior two weeks.

I learned a lot this week, I hope some of you guys did too. It was really good to see the way some other people managed their trades.
  • #29,543
  • Apr 27, 2019 12:29am Apr 27, 2019 12:29am
Trading pivot levels is same as trading extremes of any oscillator or price moving away from MA.
When oscillator is at extremes, there are chances of it coming back to mid level(50 or 0 depends on osc) at some point.
When price is away from MA, there are chances of it coming back to MA at some point.
When price is at extremes pivot levels, there are chance of it coming back to pivot.

there are times price catches up the indicator.
there are other times, indicator catches up the price.

Example, when price is moving away from say 100MA, it will eventually retraces back to 100MA, may be a sharp retrace(price catches up MA), maybe a wavy retrace(where MA and price both work together to catchup), may be a horizontal move(where MA catches up the price).

Weekly Pivot Indicator repaints every week and people have to realize either price will catch up the levels or the Pivots will catch up the price.

As side note, trading 20 lots, getting 20 pips with that will get you $4000 a week also. Those 10000+pips with 1000+trades and 50+lots wont impress me.
Example, trading 50 lots, making 10000 a month is just making 20 pips a month.
I am not sure how many lots are opened at the same time in one's account....
Assuming 10% of 50 lots would be opened at the same time, means, 5 lots times 200 pips a month will also get you $10000; which is just 10 pips per trading day;
I know many many people are doing this, personally.

only thing I notice in that pivot trading approach is, taking small lots....but they load up quickly which is very similar to trading big lots. may be another martingale with just pivot levels...if price beats this pivot level, take another 10 trades at the next level when price gets there, hoping for a retrace to main pivot.
Determination + Persistence = Success
  • #29,544
  • Edited 1:10am Apr 27, 2019 12:59am | Edited 1:10am
Quoting SKLearn
Trading pivot levels is same as trading extremes of any oscillator or price moving away from MA. When oscillator is at extremes, there are chances of it coming back to mid level(50 or 0 depends on osc) at some point. When price is away from MA, there are chances of it coming back to MA at some point. When price is at extremes pivot levels, there are chance of it coming back to pivot. there are times price catches up the indicator. there are other times, indicator catches up the price. Example, when price is moving away from say 100MA, it will eventually...

oh god...dont u know ur post will prolly get us both disappeared from this chat now since i agree with u LOL....im long aj and i said earlier i averaged down...thats something i dont think i ever heard said in this thread LOL...if it was id like it pointed it out to me......but averaging up or down is a bona fide startegy and im not talking martingale,,,when aj reaches my averaged down price ill close out even and move on to something else.
buy the rumor,sell the news
  • #29,545
  • Edited 1:22am Apr 27, 2019 1:01am | Edited 1:22am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
Quoting SKLearn
Trading pivot levels is same as trading extremes of any oscillator or price moving away from MA. When oscillator is at extremes, there are chances of it coming back to mid level(50 or 0 depends on osc) at some point. When price is away from MA, there are chances of it coming back to MA at some point. When price is at extremes pivot levels, there are chance of it coming back to pivot. there are times price catches up the indicator. there are other times, indicator catches up the price. Example, when price is moving away from say 100MA, it will eventually...



Just another someone that cannot grasp the Weekly Pivot trading concept. Now they are fishing in deep water to try and get some explaining to trading with weekly pivots, weekly pivots is/are/will be/ the big fish and if you do not get it you will not catch the big fish. People must start to open their eyes and realize they are on top of mount Everest of forex in this thread and there is no other thread/ trading method that will give them the edge as weekly pivot trading. It was mentioned a lot by Davit that people must forget all that they have learned trading forex and because of being human people tends not to listen/ struggle with that. I know its a lot but I think you must start from page one and read read read read.

Regards,

PS: Remember baby steps and you will get there.
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We obey the structure that results from the market's reaction
  • #29,546
  • Apr 27, 2019 1:09am Apr 27, 2019 1:09am
Quoting SKLearn
Trading pivot levels is same as trading extremes of any oscillator or price moving away from MA. When oscillator is at extremes, there are chances of it coming back to mid level(50 or 0 depends on osc) at some point. When price is away from MA, there are chances of it coming back to MA at some point. When price is at extremes pivot levels, there are chance of it coming back to pivot. there are times price catches up the indicator. there are other times, indicator catches up the price. Example, when price is moving away from say 100MA, it will eventually...

if ur in a drawdown dont blame davit just work it so u can break even..
buy the rumor,sell the news
  • #29,547
  • Apr 27, 2019 1:42am Apr 27, 2019 1:42am
Someone just said pivots and lagging indicators are similar ...oh my! LOL I don't think anyone with solid trading experience and on this thread will agree! utter nonsense!
  • #29,548
  • Apr 27, 2019 1:55am Apr 27, 2019 1:55am
Quoting SKLearn
Trading pivot levels is same as trading extremes of any oscillator or price moving away from MA. When oscillator is at extremes, there are chances of it coming back to mid level(50 or 0 depends on osc) at some point. When price is away from MA, there are chances of it coming back to MA at some point. When price is at extremes pivot levels, there are chance of it coming back to pivot. there are times price catches up the indicator. there are other times, indicator catches up the price. Example, when price is moving away from say 100MA, it will eventually...




Weekly Pivot Indicator repaints every week and people have to realize either price will catch up the levels or the Pivots will catch up the price.

i use nostrodomos pivot indi and price almost always catches up to the levels....now mind u saying the pivot indicator "repaints" will get u banned since this weeks 100 level is next weeks 38 level LOL so as long as u know pivots "repaint" one shouldnt trade them higher than an hourly chart ...if u do ur a fool unless u know how to average and keep ur calm
buy the rumor,sell the news
  • #29,549
  • Apr 27, 2019 2:00am Apr 27, 2019 2:00am
Quoting SKLearn
Trading pivot levels is same as trading extremes of any oscillator or price moving away from MA. When oscillator is at extremes, there are chances of it coming back to mid level(50 or 0 depends on osc) at some point. When price is away from MA, there are chances of it coming back to MA at some point. When price is at extremes pivot levels, there are chance of it coming back to pivot. there are times price catches up the indicator. there are other times, indicator catches up the price. Example, when price is moving away from say 100MA, it will eventually...

lets keep the "repaint" part of pivots to ourselves or someone with 2 years experience will crack the code LOL
buy the rumor,sell the news
  • #29,550
  • Apr 27, 2019 2:06am Apr 27, 2019 2:06am
Quoting wasntme
{quote} lets keep the "repaint" part of pivots to ourselves or someone with 2 years experience will crack the code LOL
Pivot will reset weekly not repaint, am I right?
As it resets on Monday, we start trading on Tuesday.
  • #29,551
  • Apr 27, 2019 2:33am Apr 27, 2019 2:33am
Quoting wasntme
{quote} Weekly Pivot Indicator repaints every week and people have to realize either price will catch up the levels or the Pivots will catch up the price. i use nostrodomos pivot indi and price almost always catches up to the levels....now mind u saying the pivot indicator "repaints" will get u banned since this weeks 100 level is next weeks 38 level LOL so as long as u know pivots "repaint" one shouldnt trade them higher than an hourly chart ...if u do ur a fool unless u know how to average and keep ur calm
If you use nostrodomos tool then you will know current price respect better many of previous day levels. Its like past levels knows the future. Then i don't see the problem about that repaint while you know how read the chart. I wonder why you are flooding threads where people comment about this thread...

In shame thread many trolls are confuse about envy. They think a few members want destroy successful threads but its curious the only destroyed are "gurus" ( aka smoke sellers )
Try don't lose pants never...
  • #29,552
  • Apr 27, 2019 2:56am Apr 27, 2019 2:56am
Quoting braintheboss
{quote} If you use nostrodomos tool then you will know current price respect better many of previous day levels. Its like past levels knows the future. Then i don't see the problem about that repaint while you know how read the chart. I wonder why you are flooding threads where people comment about this thread... In shame thread many trolls are confuse about envy. They think a few members want destroy successful threads but its curious the only destroyed are "gurus" ( aka smoke sellers )

im not flooding threads just answering questions....weekly pivots "repaint" every monday so last weeks -200 level will be 38 level this week and can still go down to a 100 level .....like i said im long aj and i averaged down and will get out at even and not give a shit if its near the pivot LOL
...but anyways u all need to stop criticising this thread or davit cause u dont know how to manage drawdowns
buy the rumor,sell the news
  • #29,553
  • Apr 27, 2019 3:06am Apr 27, 2019 3:06am
Quoting wasntme
{quote} im not flooding threads just answering questions....weekly pivots "repaint" every monday so last weeks -200 level will be 38 level this week and can still go down to a 100 level .....like i said im long aj and i averaged down and will get out at even and not give a shit if its near the pivot LOL ...but anyways u all need to stop criticising this thread or davit cause u dont know how to manage drawdowns
Sure. For that i have a thread about talking how trade without SL and growth it carrying DD. Maybe you think you are smarter that really you are. Regards...
Try don't lose pants never...
  • #29,554
  • Apr 27, 2019 3:25am Apr 27, 2019 3:25am
Quoting braintheboss
{quote} Sure. For that i have a thread about talking how trade without SL and growth it carrying DD. Maybe you think you are smarter that really you are. Regards...

i remember my high school spanish teacher taking the class to a flamenco show...
buy the rumor,sell the news
  • #29,555
  • Apr 27, 2019 3:28am Apr 27, 2019 3:28am
dont tell me ur a basque LOL
buy the rumor,sell the news
  • #29,556
  • Apr 27, 2019 3:34am Apr 27, 2019 3:34am
Quoting wasntme
dont tell me ur a basque LOL
I don't know what problem you have with members nationality. Anyway your comments are useless and some times wrong ( as repaint effect ). Typical troll polluting threads
Try don't lose pants never...
  • #29,557
  • Apr 27, 2019 4:43am Apr 27, 2019 4:43am
Quoting wasntme
dont tell me ur a basque LOL
you are removed
In trading, you have to be defensive and aggressive at the same time
  • #29,558
  • Apr 27, 2019 4:44am Apr 27, 2019 4:44am
Quoting SKLearn
Trading pivot levels is same as trading extremes of any oscillator or price moving away from MA. When oscillator is at extremes, there are chances of it coming back to mid level(50 or 0 depends on osc) at some point. When price is away from MA, there are chances of it coming back to MA at some point. When price is at extremes pivot levels, there are chance of it coming back to pivot. there are times price catches up the indicator. there are other times, indicator catches up the price. Example, when price is moving away from say 100MA, it will eventually...
you are removed
In trading, you have to be defensive and aggressive at the same time
  • #29,559
  • Apr 27, 2019 5:36am Apr 27, 2019 5:36am
Greetings,

i was busy most of the week so i made just a few trade.
here the report, (UJ open to early in wrong area) but everything work so good and i was laughing to those who say Pivot repaint lol..

Take care have nice week end !
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Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #29,560
  • Apr 27, 2019 5:41am Apr 27, 2019 5:41am
Hallo hallo !
I'm back I see trolls have a lot of free time even in weekend not only on week days when they usual ... dont trade but just troll
Take what you can, give nothing back
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