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Pivot Trading

  • #29,981
  • May 3, 2019 10:23am May 3, 2019 10:23am
Quoting Davit
For Time being GBP seems like the risk off "safe heaven" In forex like NE weather changes in 5min Just want to say it makes me very happy to see you guys pile the pips.It validates not only the system but shows you executing and improving and becoming consistent. Does not matter what trolls losers think.Does not matter 1 tiny ounce! what matters your account your money growing!Its the work you put into it! Its you should...
We do believe it because it is starting to happen to many of us who studied your methods and instruction...not as lucrative yet but there is no question what you have done is extraordinary...my biggest problem is chart management if anything....the method is solid!! Hope the friggen low lifes that try to suck your enthusiasm dry will simply give up soon....funny many of your traders like motorcycles...I started with a Villiers 250 cc, (most wont even know what the heck it is) then on to Honda V45, then a Goldwing 1100, then a Sporty hard tail and on to a Herritage Softtail..(.I.actually like the V45 the best all around...). Fins myself without a ride atm but all the talk makes something whell up inside...all riders know what I mean.
  • #29,982
  • May 3, 2019 10:24am May 3, 2019 10:24am
Quoting bubincka
{quote} Hi mizi123, yes very bad, still don't know know what's behind.
is just cable, new month as well and if you look in fundamental last data was not that good for US
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Take what you can, give nothing back
  • #29,983
  • May 3, 2019 10:24am May 3, 2019 10:24am
swap positive, may you are watching it also
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  • #29,984
  • May 3, 2019 10:24am May 3, 2019 10:24am
Quoting Pent56
{quote} I would imagine its the MM's pushing GBP up, blasting through stop losses etc creating liquidity into the market. Putting themselves in good positions for when the Brexit negotiations start happening again. GBP is quite easy to manipulate at the moment because volume passing through it is still low compared to most years due to the uncertainty.

Waiting for the big boys to dump.
  • #29,985
  • May 3, 2019 10:30am May 3, 2019 10:30am
Quoting Pent56
{quote} I would imagine its the MM's pushing GBP up, blasting through stop losses etc creating liquidity into the market. Putting themselves in good positions for when the Brexit negotiations start happening again. GBP is quite easy to manipulate at the moment because volume passing through it is still low compared to most years due to the uncertainty.
Dollar is falling.
  • #29,986
  • May 3, 2019 10:31am May 3, 2019 10:31am
1500 Pages... Gold mine.. IMHO, If that cannot make one a successful trader, nothing in the world can... Congratulation to Davit for all the effort.
  • #29,987
  • May 3, 2019 10:35am May 3, 2019 10:35am
Quoting pipraven
{quote} Dollar is falling.
Yes but GBP has been manipulated across all pairs.
  • #29,988
  • May 3, 2019 10:37am May 3, 2019 10:37am
Quoting Pent56
{quote} Yes but GBP has been manipulated across all pairs.
Yes, you can tell GBP is being manipulated by using pivots and know the fundamentals between USD and GBP. We all know what's up.


EDIT: I'm loading on GBP shorts.
  • #29,989
  • May 3, 2019 10:47am May 3, 2019 10:47am
Maybe should closed trades before the NFP but really find it difficult to manage trades whilst running a business. This is practically what i have to do is hold on to DD and recover and try to make profit. No point just showing my winners have to also document my struggles.

Look where my TP is on GU
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  • #29,990
  • Edited 5:06pm May 3, 2019 10:47am | Edited 5:06pm
Looks like GU correction on outer R Zones, so currently shorting carefully with small bites:

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Interestingly, overall USD seems to have had 2 positive and 1 negative Red News at 0830 EST with the bigger positive change with NFP. However, GU became Bullish ? Then, at 10:00 the ISM was negative, with GU reversing southbound but not c/w the Red News against the USD and but c/w with R Zone Location for GU:

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IMHO, I agree with MD as you never really know what will happen...because in the end, the MMs and Algo Servers are in control looking to outsmart us (the Retailer traders) ! So, I do agree as Davit's edge mainly: PA >> PVT >> Red News [and Intuition, Patience, Courage] with trading small with a adequate equity to sustain a large DD as needed while keeping a soft SL to Close as needed.

Therefore, I suspect that individual population psychological fundamental-technical predictions against the larger sum of the MMs, Algos and fellow professional Forex traders, may add some 10% percent more edge versus the 60-70% of the PA and PVT technical setups as generously shared here. One day, I would love to crutch the numbers to calculate Sensitivity, Specificity, Positive Predictive and Negative Predictive % values for each Red News between the NYO to the LC, Monday thru Friday - and thus weekly, monthly and quarterly via Microsoft Excel to Access Database. I wish I had the energy...maybe someday !

Anyway, this is what I see in my observations, experience and understandings here.

Have a great, safe, healthy and enjoyable weekend my fellow Pivoters - while banking your Green Pips !

Regards,

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #29,991
  • May 3, 2019 10:53am May 3, 2019 10:53am
Quoting RieseP
Maybe should closed trades before the NFP but really find it difficult to manage trades whilst running a business. This is practically what i have to do is hold on to DD and recover and try to make profit. No point just showing my winners have to also document my struggles. Look where my TP is on GU
It's perfectly natural to have drawdowns trading this system. It comes with the beast. In fact, it is necessary at times, due to the seemingly random gyrations of the market.

It's ok to have drawdowns as long as you feel confident your understanding of the fundamentals at the moment. Having drawdowns is a huge advantage, which seems to be an overlooked aspect of trading pivots. We use that rather than a stoploss which takes away the chance of market turning in your favor.
  • #29,992
  • May 3, 2019 10:58am May 3, 2019 10:58am
AN on watch....4 days tested S38 and bounced....turning point?
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  • #29,993
  • May 3, 2019 11:00am May 3, 2019 11:00am
Quoting Swede
AN on watch....4 days tested S38 and bounced....turning point? {image}
I think it may continue down until next week Tuesday when we have the RBNZ rate announcement. It's just my humble opinion which may well be wrong. It's a good idea to have probabilities stacked in your favor.
  • #29,994
  • May 3, 2019 11:22am May 3, 2019 11:22am
UC - S

PPE -> Pivot Power + Edge...
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #29,995
  • May 3, 2019 11:51am May 3, 2019 11:51am
Based on Fibs, ADR, Friday NFP pump and dump, going to try this...may close before end of session either way..
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  • #29,996
  • May 3, 2019 11:51am May 3, 2019 11:51am
Quoting asgharhussai
all closed today's report {image}
hell how you open onada account becoz ban to pakistan
  • #29,997
  • May 3, 2019 12:18pm May 3, 2019 12:18pm
I ended this week just in time to close GA and GU short catching trailstop before the sudden reversal. Unfortunately my fulltime job forces to do it this way on busy moments.
Still holding AJ long with little DD.
Next Monday is UK Bank holiday.
My week report follows.
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Discipline and winning attitude
  • #29,998
  • Edited 3:42pm May 3, 2019 1:49pm | Edited 3:42pm
Quoting Davit
{quote} Hi John.Its true I am always been attracted to warm colors. There was a great motorcycle but it was blue and I could not look at it.Yes colors are innate about Armenians.We have been making carpets with natural plant dies for centuries and warm colors are our unconscious and conscious. Agree on understanding.Most conflicts get be solved if effort has been made. Unfortunately we live in dangerous times when internet replaces our critical thinking.Young people are more likely to believe conspiracy theories, commit violent acts then ever before.911...
Absolutetly right, do not beileve the "Blue church" disinformation. (basically lies!)
Very effectve genocide of Armenia population commited by Turks, followed by land grabbing by Turks has taken place, there is no doubt about it, but PC and weak transgressors against the truth are at work and well entrenched in our generation.

Surprisingly USD index has not reacted positively to the news release from the US.
US indices have had a good run, DOW just above the Weekly Pivot.
All longs coverred near that pivot, good pips.

Good weekend to all,
2be
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Make sure losses are small and profits are bigger!
  • #29,999
  • May 3, 2019 1:56pm May 3, 2019 1:56pm
Thanks davit for all the guidence and information provided through pivot trading. My first week results by following pivot trading. Got confidence to be green. All credit goes to you.
Davit please let me know how to get out of a losing trade because i have one. Im holding it since the start of April.
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  • #30,000
  • May 3, 2019 2:36pm May 3, 2019 2:36pm
Quoting Husky77
{quote} is just cable, new month as well and if you look in fundamental last data was not that good for US {image}
I think there must be something else behind this huge move out of nothing.

I should say USD last fundamental data was mixed while GBP was flat to bad.

Let's see on Monday if pound will be able to sustain such a shift against all other currencies.
Porta itineris dicitur longissima esse
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