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Pivot Trading

  • #30,061
  • May 5, 2019 5:33pm May 5, 2019 5:33pm
Alright I ran through all the charts on for harmonic patterns. I basically only look at H4 and D1 charts for Harmonic patterns on Forex. The Yen pairs look promising as Japan just came back from that Golden holiday and that crowning of the new Emperor. I received notification last week from my Australian broker Rakuten regarding high swap fees on Yen pairs. I had an S&P short left over from Friday that was slightly negative at market close and it opened with a triple digit gain today which made up for my GU loss on Friday.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,062
  • May 5, 2019 6:05pm May 5, 2019 6:05pm
Quoting cjsun791
{quote} 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?
There are differentials with the program depending on the broker you are using. The patterns calculate from the data feed they are utilizing, so if one is using a unregulated offshore broker with wider ranges and stop hunting going on you may get a different picture then someone using a regulated broker. I use FXCM and it has been pretty decent. On odd occasions a pattern has appeared and then just kind of vanished. Scott has been working on tweaking the algorithms as he just released the MT4 version of this program last summer.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,063
  • May 5, 2019 6:36pm May 5, 2019 6:36pm
WAke up Guys.. Look at JpY crosses
  • #30,064
  • May 5, 2019 6:40pm May 5, 2019 6:40pm
From CNBC: “A sharp sell-off will start the week on Wall Street after President Donald Trump said on Sunday that the U.S. will hike tariffs on goods imported from China.“
And here in Europe some financial newspaper put their attention on concrete concerns about imminent trade tariffs decisions from U.S. against import of european products.
I think this could be the main reason of these opening gaps.
Discipline and winning attitude
  • #30,065
  • May 5, 2019 6:45pm May 5, 2019 6:45pm
NZDUSD - Carry over from last week. Good way to start!
Exited due to large gap - has to close.
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  • #30,066
  • May 5, 2019 7:57pm May 5, 2019 7:57pm
Quoting Gmo
My Calendar Analysis Sunday, May 5 to Friday, May 10 {image}
Thank you GMO
  • #30,067
  • Edited 8:27pm May 5, 2019 8:08pm | Edited 8:27pm
Quoting Romanov102
{quote} There are differentials with the program depending on the broker you are using. The patterns calculate from the data feed they are utilizing, so if one is using a unregulated offshore broker with wider ranges and stop hunting going on you may get a different picture then someone using a regulated broker. I use FXCM and it has been pretty decent. On odd occasions a pattern has appeared and then just kind of vanished. Scott has been working on tweaking the algorithms as he just released the MT4 version of this program last summer.

Davit are you now promoting this harmonic indicator on top of Weekly Pivots? Because charts with harmonics is flooding the thread now.
We obey the structure that results from the market's reaction
  • #30,068
  • May 5, 2019 9:08pm May 5, 2019 9:08pm
I'm very happy working with the method developed and perfected by Davit for now...it works and suits my personality, risk and the time I can devote to charts. I know Harmonics are valid, but it takes a ton of study and time to perfect....why do you think Scott sells a basic Level 1 for 2 Grand$$$ US and then on to Level2 and then there are boot camps and so on. Maybe I'm short sighted but that is how I see it. I'm not bashing here Romanov102, just happy working with what we have for now...

I closed the week (last week) with a silly trade really, a short term trade, but it was based on a major fib retracement...I'm out now but should have closed on the gap down but looking forward to many pivot opportunities this week....(my win rate has been outstanding imho of late)
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  • #30,069
  • Edited 11:03pm May 5, 2019 10:49pm | Edited 11:03pm
Rumour has it US-CHINA trade deal cancelled

https://www.forexlive.com/news/!/rum...ering-20190506
  • #30,070
  • May 5, 2019 11:16pm May 5, 2019 11:16pm
here is why
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  • #30,071
  • May 6, 2019 1:22am May 6, 2019 1:22am
Quoting Davit
took a loss! Yes guys I do take them. -130 for the month.Lots of days left to turn this around! {image}
Hi Davit,

was it GC ?

I'm still holding in deep DD at least until 5% equity loss, then I'll decide what to do.

Weird end of the week last Friday to say the least.

Best regards,
Bubincka
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Porta itineris dicitur longissima esse
  • #30,072
  • May 6, 2019 2:02am May 6, 2019 2:02am
Quoting Swede
I'm very happy working with the method developed and perfected by Davit for now...it works and suits my personality, risk and the time I can devote to charts. I know Harmonics are valid, but it takes a ton of study and time to perfect....why do you think Scott sells a basic Level 1 for 2 Grand$$$ US and then on to Level2 and then there are boot camps and so on. Maybe I'm short sighted but that is how I see it. I'm not bashing here Romanov102, just happy working with what we have for now... I closed the week (last week) with a silly trade really,...
Hi Swede. The system traded here is Davits system with Davits's pivots. It is an excellent system and Davit is a great mentor to you traders. His understanding and coaching of Forex trading is phenomenal, as this is an extremely tricky business. I'm happy to hear you're having great success. I just scanned all the Forex pairs you guys trade in 4HR and Daily time frames and placed the charts up that had Harmonic Patterns for you traders. I did this to compliment Davit's system and I asked him before I posted them. Harmonics are measured Fibonacci levels so they do correlate to Davit's system. I think it's nice to know for example you are at R78 and there is also for example a completed Deep Crab Pattern which is simply a measured Fibonacci level. The pattern also shows you potential measured retracement levels as do the Pivot Points levels. All it is is another factor that can help tip the odds in your favor. Moving forward I might only post a chart every couple of weeks its completely dependent as to when a pattern appears. In the longer time frames it's not that often especially in these markets that have been range bound the past few months. Some people have a good understanding of them. I might add on Scott's youtube channel he has dozens of free educational videos on this subject.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,073
  • May 6, 2019 2:17am May 6, 2019 2:17am
i dont use any indicator to find pattern. only look at pivot dan i can find pattern. so maybe i called this with pivot pattern. LOL...
  • #30,074
  • May 6, 2019 3:29am May 6, 2019 3:29am
Quoting Egbert
{quote} Davit are you now promoting this harmonic indicator on top of Weekly Pivots? Because charts with harmonics is flooding the thread now.
Quoting Davit
{quote} Looks good basically you have AB-CD pattern projection there.Its important to recognize that patterns do fail as well which is why there is so much emphases on price action and fundemetal news. CNtrader calls it a behavior,Anyway pivots simplify lot of things but its important to understand the logic behind. Its like drawing a figure with added benefit of knowing the skeleton the anatomy.One artist drawing without that knowledge and another with knowledge with equal talent one with knowledge will execute much better art or at least great...
Harmonics is not new to this thread.Search Harmonics (this thread search function) and you'll see ton of info charts on this thread hence He was only sharing what has been shared before here.
You should focus on PPE extra info is there if you find it useful or not.Nothing is being derailed or sold.
In trading, you have to be defensive and aggressive at the same time
  • #30,075
  • Edited 3:47am May 6, 2019 3:32am | Edited 3:47am
Quoting Romanov102
Alright I ran through all the charts on for harmonic patterns. I basically only look at H4 and D1 charts for Harmonic patterns on Forex. The Yen pairs look promising as Japan just came back from that Golden holiday and that crowning of the new Emperor. I received notification last week from my Australian broker Rakuten regarding high swap fees on Yen pairs. I had an S&P short left over from Friday that was slightly negative at market close and it opened with a triple digit gain today which made up for my GU loss on Friday. {image} {image}...
Respectfully, can we please keep this forum to just Fib Pivots, unless Davit says otherwise. I am a total newbie learning Davit's system and I wake up today to find nearly a whole page flooded with harmonics and comments about harmonics.

Regards,

Trader555
  • #30,076
  • May 6, 2019 3:37am May 6, 2019 3:37am
Quoting Romanov102
{quote} Hi Swede. The system traded here is Davits system with Davits's pivots. It is an excellent system and Davit is a great mentor to you traders. His understanding and coaching of Forex trading is phenomenal, as this is an extremely tricky business. I'm happy to hear you're having great success. I just scanned all the Forex pairs you guys trade in 4HR and Daily time frames and placed the charts up that had Harmonic Patterns for you traders. I did this to compliment Davit's system and I asked him before I posted them. Harmonics are measured Fibonacci...
Taking in consideration all in forex is subjective ( it don't exist any rule works always ) and you have many ways to read same chart, the best rule for try have success is use less information possible. Less info to analyze, less noise to manage. I say this because if many people is getting benefit of this thread is because is a very simple rules system. This avoid some mistakes over analyzing info on chart. Everybody can add things for be more comfortable but personally i think its easier and effective check rejections for guess where are real SR areas as many members are doing here. And its cleaner too...

Its just a comment. Not a critic...
Try don't lose pants never...
  • #30,077
  • May 6, 2019 3:42am May 6, 2019 3:42am
Quoting Romanov102
{quote} Hi Swede. The system traded here is Davits system with Davits's pivots. It is an excellent system and Davit is a great mentor to you traders. His understanding and coaching of Forex trading is phenomenal, as this is an extremely tricky business. I'm happy to hear you're having great success. I just scanned all the Forex pairs you guys trade in 4HR and Daily time frames and placed the charts up that had Harmonic Patterns for you traders. I did this to compliment Davit's system and I asked him before I posted them. Harmonics are measured Fibonacci...
I am short on time but I wrote something very similar to your post.Not exactly one below but very very similar.
Quoting Davit
Check out NU chart.Look at the spikes.Notice reversal followed by a spike. Typical trader might be thinking TDI up PA up arrows up lets buy! Nope! On my 1st post I highlighted in orange.Everything depends on location. This is type of thinking rarely touched upon at FF or in books.Its hard putting your head around but location pivots create that key aspect in my trading because now I have a clear line on the sand to make appropriate decision. This thinking has Elliot wave theory as background guide.Pivots are nothing but waves.Price always travels...
Agree Pivots zone corresponds to harmonics almost perfectly and I found this to be true why I always checked and admired Scott and CNtrader works.
regards
In trading, you have to be defensive and aggressive at the same time
  • #30,078
  • May 6, 2019 3:45am May 6, 2019 3:45am
Guys focus on PPE and you'll be fine.Trading is always learning experience.Does not hurt understanding why Fib pivots works.
In trading, you have to be defensive and aggressive at the same time
  • #30,079
  • May 6, 2019 3:47am May 6, 2019 3:47am
Quoting Trader555
{quote} Respectfully, can we keep this forum to just Fib Pivots, unless Davit says otherwise. I am a total newbie learning Davit's system and I wake up today to find nearly a whole page flooded with harmonics and comments about harmonics. Regards, Trader555
do search harmonics on this thread.Read it.Might gave you a pause before you post.
In trading, you have to be defensive and aggressive at the same time
  • #30,080
  • May 6, 2019 3:48am May 6, 2019 3:48am
Hello Traders good day everyone, i have made a short video of the chart in real live just now on EURUSD to proof why traders lose their SL and to proof that it has little or nothing to do with brokers or MM but everything to do with the trader and their entry.

Over time traders have seen PP, 50% fibo or even 61.8 fibo as strong levels to make their trading decisions, but today/this week i want to proof to you that PP/of 50% fibo is a bad levels to trade any sell position under this levels is most likely to go lose because price will only rally there and after a while it will move up toward 76.4 level that is where you selling on H1 is save with 35 or maximum 50 pips STOP.

Let see what happens if indeed there is stop hunting or just the way the market is programmed to work.

God bless all of us.
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