Pivot Trading

Here is a good example on CL contract

Orange line is value...

Each time price trades below a pivot (blue lines) the liquidity is bought. Look at all the paycheck levels above the market.
Once the MM detects buying above the 50 line they pull their liquidity. You can see it by the long bars, fast money move away from the balance area.

Copi88 thanks for your explanation. How did you learn so much about IT and MM traders?

I have been trained and mentored by an institutional trader/quant analyst for the last three years who has close to 40 years in the business. He contracts to the banks advising them on strategies and designs algos for them. He taught me just about everything I know about the markets. I had to unlearn a lot of the nonsense I had picked up in these forums. If you want his contact details you PM me and I can point you in the right direction.

Hi copi88 or Cliff,

I don't like what you are doing and it is ethically the opposite of what Davit is trying to do.

would you be willing to share this indicator please? If not on the thread thru pm? Ty

This discussion, and the awesome posts presented by copi88 and Davit in explanation of market structure, and how the retail trader has so little control regarding stops is the very reason the method developed here WORKS!!

Using a $ stop (how much your willing to invest in a trade)/, combined with incremental, small, manageable lots is so much smarter than plunging in with an all or nothing investment that forces you to have tight stops that will almost certainly be taken out at some point. Remember Mark Douglas statement?...”no one can predict what will happen next”

So, if you are new to the method developed by Davit, do not skip this crucial detail in your testing this method. You will be happy you did and you will most certainly live to trade another day.

Ingvar

May I extend to copi88 my gratitude in his timely posts.
My training/mentoring was with a firm allied with a New York and Chicago institution. copi88 has reinforced the need to use screen time acutely well.
I have taken copi88's chart and "expanded" on it in accordance with my mentors. Some of this I gave in a presentation in August 2006. I apologize to copi88 if he is offended by my additions.
I am a more conservative trader in entering the market at a Swing after a decided down trend. I may enter very few positions but have been trained in patience to wait for a pull-back (Retracement) that confirms that a bottom has formed. With firm PA, I enter more strongly. For the Ellioticians, at the end of Wave 2 with Wave 3, the largest and most profitable in the making.
Retracement: Originally from eSignal
32.8% = >80% probability of a new High (or Low after Up Trend)
50.0% = < or = probability of a new High (or Low after Up Trend)
61.8% = <50% probability of a new High (or Low after Up Trend) EXCEPTION a deep retracement after Downtrend (or Up Trend). Obviously, this cannot be lower than the previous Low.
This is the confirmation I was trained to wait for. It gave confirmation with a high probability that a Bottom had formed and with a new trend developing.
In looking at copi88's chart, rather than "jump in" at what you consider is a "Bottom" (or "Top"), patience may increase the probability of a more successful trade outcome with less DD.
Yes, a Bottom is more highly probable at a Weekly Fibonacci level S61-S78 but all to often the Trend may continue less strong with further downside even exceeding S100-S161.
As shown on the copi88's modified chart, with patience we as retail traders can capitalize on confirmation of a Swing Bottom or Top.
May I caution over analyzing and "adding" more indicators.
Application of Davit's methodology works!
Stay on Your Game!
Price Action - Pivot Levels - Events (Pivot Levels represents Location)

My Calendar Analysis Sunday, May 5 to Friday, May 10

Hello Fellow Traders I'm back after an absence of 6 1/2 months. I accepted a job last fall working in a friends brokerage office and I had to take a pile of courses and certifications that were corporate requirements. That combined with some family health issues something had to go to the wayside, so it was Forex Trading as there just wasn't enough hours in the day. I will be slowly easing back into it, as we are still dealing with some issues. I placed my first trades of the year in the past two weeks, four out of five successful, the one that burned me was Friday mornings GU. I had a good trade buying it and had placed a sell order after NFP looking for a reversal. I came back to my screen a few hours later to discover I was taken out by that unforeseen rocket ship up. Nothing was in the calendar for the day and it turned out to be civic elections in England. I was running a trial version last year of Harmonic Software. I posted a couple of charts on Neil's TDI page last year only to get bitched at by a keyboard Rambo and many accusations hurled about an agenda, etc. Nothing could be farther from the truth, such is the nature of public forums I guess as I have scrolled back through several pages and see it is still periodically going on. I had been running a trial version of software that Scott Carney developed that automatically scans for Harmonic Patterns. Yes I know how to utilize a Fibonacci ruler and measure, however when one of the technical masters develops a program why not utilize it? I might add Scott is also a true gentleman to deal with and speak to. There have been a few minor issues as it was a newly released product and he has been diligently perfecting it. I cleared it with Davit before posting today and I will post some charts with Davits Pivots and the Harmonic pattern on it. The software also does potential pending patterns. I look at as just another tool in our arsenal, and i'll be happy to share them. A) Pivots work we know that. B) One has to do their Fundamental Analysis. C) If we have a great potential pivot level, good fundamental analysis, a corresponding Harmonic Pattern at a Support or Resistance pivot level then we have no guarantees, however a much greater probability of a successful trade. I would suggest watching this video so you can see what the indicator consists of. https://www.youtube.com/watch?v=UYfPG8Sy3v8 I read deepdrunks post regarding fib levels and indexes. Yes fib levels do work well on indexes too as well as harmonics. I find the German DAX very obedient to pivot levels. On a personal note I'm also an artist and a chess player, however I can't draw or paint to save my life. The medians I work in are wood and metal. I just completed this Kayak a few weeks ago from African Okoume 4mm European standard plywood.

To start with i have to recommend Copi88 for his good in-depth knowledge and kindness to share it with fellow traders. On the topic of stop hunting i can't disagree 100% that is not possible or is not happening, yes is but the percentage is so insignificant that 90% of traders how are losing money are losing it out of their own fault, inexperience and mistake, but as human nature goes none like to accept blames so is easy to pin it on the brokers while in truth is the trader's fault.
The beginning of knowledge is determined by ones ability to learn no matter the condition, i am new in this FF forum and i joined EURUSD ONLY but realized that the forum is all scarpers trading 1,5 and 15mnis finally the ban me from EURUSD ONLY now i only read and not much posting ideas.

Truth be told, i do not believe in stop hunting or any sot of market manipulation, but that does not mean is not possible the MM knows how to do their dirt jobs if they want to and that is part of the things Copi88 is explaining here. If i lose money i first blame myself because as a trader you are fully responsible for all your actions not the brokers so my advice is change your approach and ideology towards the market in general and learn to accept blames.

The market for me is a computer program as we know everything today is done by programmed/automated computers and why would anyone think the market we trade is not? I do not believe in all kinds of info going around this business to me all is hook and anyone that believe in them most especially the news is the fish, certainly the interest rate and monetary police are to my news that i take in my account.

Think about it, the market dose the same thing all the time in the same pattern and form, it repeat its self all the time, ones a cycle is completed another one beings regardless of what the news is saying the NFP last Friday is a big example, good news for the dollar yet sell off, Copi88 has inspired me to share a secret to any trader who feels his/her stop loss is been hunting by MM then i am here to reveal a secret Fibo number that is not in your Mt4 platform but the good news is that you can add it to your MT4 fibo settings and the number is 76.4 this number is the magic number but is completely hidden from the public that is why when you enter at 50% fibo or even 61.8 you get stop out and reverse. Challenge yourself to trade this level and sell if your stop will be hunt anymore it works any time frame but if you trade 1min, 5min, 15min and you don't look at the D1 W and M time frame for sure your success will be limited.

this chat will explain the secret and the magic of fibo number 76.4 and is part of my trading arsenal regardless of what the news is saying or what the MM are planning, avoid trading 50% of fibo or jumping in the middle of any trend it could come back and hunt you down and revers.

I am doing this for the very little traders who love this business passionately but can't find their way to success because i don't share secret in public because i am so jealous of the knowledge that i have which works for me and i don't hope to give them out easily to people who do not know the value, but Copi 88 has empress me with his idea and i have to give this one back to support the forum and everyone who is struggling in this business.

God bless all of us.

Romanov102 , I work with wood and I LOVE THAT KAYAK !!!!

GE

Massive Gaps

Agreed im starting to build some shorts against yen. CJ, NJ buys for now

took a loss! Yes guys I do take them. -130 for the month.Lots of days left to turn this around!

Taking advantage of this massive drop on CJ
Thin liquidity and Aussie possible rate cut I suspect this weird opening! Should correct a lot once proper liquidity gets going

I am keep adding to my CJ
Its real bargain+swap on top

Started CJ Long

Hi Romanov, I recently did the free trial with the harmonic indis but noticed that they repainted or changed projections further out on the D wave if price went past original forecast. Have you noticed this?

Thanks for the compliment on the Kayak. You can buy the plans or the kits from Pygmy Kayaks in Port Townsend, WA. Personally I'd go for the kit as its the best value it comes with the epoxy and cloth. They are excellent people to deal with, building a boat had always been on my bucket list. I went to one of their classes last year for a week in Port Townsend, WA it was a great experience working in the shop on the waterfront. They were restoring some old sailboats in the building and everyday the shipwrights had different music playing, jazz, Blues, Classical, etc Here's a couple of closeups I did 5 coats of marine spar varnish wet sanding with 400 between coats basically creating a wooden mirror as you can see me in the reflection.