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Pivot Trading

  • #31,581
  • Aug 7, 2019 9:24pm Aug 7, 2019 9:24pm
Davit has been noticeably absent for a few weeks now. I hope everything is okay with his family. I was downtown on business and stopped in at Saint Paul's the other day. No matter what your faith perhaps some prayers are in order.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,582
  • Aug 8, 2019 1:52am Aug 8, 2019 1:52am
Hi all,

for those interested here's the last version of my DavitTradeManager_V1.

The only difference with prev release consisting in these two new params:

bool checkPercentageProfit = true;
double _X_PercentProfit = 5;

Therefore now you can set a TP level in % over the already existing one that set TP at a certain price level.

Here's in Davit's thread you can find a couple a posts with a short explanation of params:

1) https://www.forexfactory.com/showthr...4#post11210694

2) https://www.forexfactory.com/showthr...5#post11220945

Best regards,
Bubincka
Attached File(s)
File Type: ex4 DavitTradeManager_V1.ex4   44 KB | 973 downloads
Porta itineris dicitur longissima esse
  • #31,583
  • Aug 8, 2019 4:02am Aug 8, 2019 4:02am
AUDNZD
Fundamentals driving the pair even at key R78-R100 Pivot Zones.
Not a high risk trade?
Consolidation below Resistance (1.0500) is a Bullish sign.
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  • #31,584
  • Aug 8, 2019 5:10am Aug 8, 2019 5:10am
Quoting Gmo
AUDNZD Fundamentals driving the pair even at key R78-R100 Pivot Zones. Not a high risk trade? Consolidation below Resistance (1.0500) is a Bullish sign. {image}
You're right ... I caught it later, but still a buy signal.
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GU under construction ...
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The road to success is always under construction !
  • #31,585
  • Aug 8, 2019 7:34am Aug 8, 2019 7:34am
Quoting Gmo
AUDNZD Fundamentals driving the pair even at key R78-R100 Pivot Zones. Not a high risk trade? Consolidation below Resistance (1.0500) is a Bullish sign. {image}
Agreed, AN found strong support at a previous weekly level.

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Trade with confidence, trade without fear.
  • #31,586
  • Aug 8, 2019 9:22am Aug 8, 2019 9:22am
Quoting Swede
@DrForexMD.....I tried to answer your PM but I get a message "DrForexMD settings does not allow PM?" or something to that effect... I will try later
Yes Swede...I will see what setting I hit that did this. Thank you for trying. I will do that now!

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,587
  • Aug 8, 2019 9:30am Aug 8, 2019 9:30am
Quoting DrForexMD
{quote} Yes Swede...I will see what setting I hit that did this. Thank you for trying. I will do that now! - John
Fixed PM...thank you !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,588
  • Aug 8, 2019 10:51am Aug 8, 2019 10:51am
Quoting Romanov102
Davit has been noticeably absent for a few weeks now. I hope everything is okay with his family. I was downtown on business and stopped in at Saint Paul's the other day. No matter what your faith perhaps some prayers are in order. {image}
TY Romanov for having expressed this concern. I also hope that he and his loved ones are doing well !

Peace Brother !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,589
  • Edited 11:22am Aug 8, 2019 10:55am | Edited 11:22am
I have been watching and trading Cad ever since last week on the short side.....the fundamentals are strong for strength against USD but Oil was holding it back big time.....yesterday the Saudi oil barons decided to prop up oil and the result on Cad was as shown....anyway Cad has been good to me this week....now I can afford a huge helping of Poutine...eh? Taking profits here as it retraced to the daily breakout point.....and red news tomorrow for Cad.....
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  • #31,590
  • Edited 11:56am Aug 8, 2019 11:16am | Edited 11:56am
I read that Crude Oil was starting to go up in price. Here is a nice correlation how commodities pairs CAD, AUD and NZD can respond with Crude going up in price or Price Action (PA) as taught by Davit here:

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If this does not excite you as a little Retail Trader riding the coat-tails of the Giant Market Markets (Big International Banks, Funds, etc), I do not know why bother trading Forex !

THANK YOU DAVIT for all you have shared with us. May you and yours stay well !
Cheers all !

- John

PS: Read page 1 here before posting and only if you have at least 2 years of Forex Trading experience and remember the General Formula here of: "News - > PA - > Pivot Location (S/R Fib 62-100%)- > "The [Trader's] Edge" by the late "Mark Douglas " (study his free YouTube videos) - > Profit >> Loss" over time (monthly and Quarterly) !
PSS: Also, thank you Swede and DiamondMiner for helping to keep this Free and Best of ForexFactory an International Thread with your spot-on teaching-skills with the many many others here as well ! As a humble student here, I thank you all !
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,591
  • Aug 8, 2019 2:26pm Aug 8, 2019 2:26pm
Thanks for all the resources guys.
I was jumping system to system in the past few years . now after spending over a week into reading this thread I guess I don’t need to find anything new. I just need to perfect one. I always had love for pivots. I am very happy to have found such a big thread full of examples and great resources of several traders.I am at page 300 right now. Taking small trades as I read. Will try to post with you good when I am finished.
strip things naked
  • #31,592
  • Aug 8, 2019 3:25pm Aug 8, 2019 3:25pm
EU is ready for start...
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The road to success is always under construction !
  • #31,593
  • Aug 8, 2019 5:20pm Aug 8, 2019 5:20pm
On my watchlist
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  • #31,594
  • Aug 8, 2019 5:23pm Aug 8, 2019 5:23pm
Quoting anjanbabu
Thanks for all the resources guys. I was jumping system to system in the past few years . now after spending over a week into reading this thread I guess I don’t need to find anything new. I just need to perfect one. I always had love for pivots. I am very happy to have found such a big thread full of examples and great resources of several traders.I am at page 300 right now. Taking small trades as I read. Will try to post with you good when I am finished.

Nice comments...keep learning and it will all come together one day soon.....I too always noticed the strength of weekly pivots but really didn't know how to pull it together with price action and fundamentals.....Davit is a really fine teacher..."no-nonsense get it together" kind of guy...I hope he is ok since we have not seen him for a bit...but read his postings with a passion I would recommend.
  • #31,595
  • Aug 8, 2019 9:13pm Aug 8, 2019 9:13pm
Going to try a little yen tonight....didn't get the fill I wanted but also don't have the stress to watch all night either....ha ha

@Romanov 102.....could you pls post your daily harmonic chart..to compare with my settings...do you have this pattern?
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  • #31,596
  • Edited 9:16am Aug 9, 2019 6:34am | Edited 9:16am
Quoting Halfcents
EURGBP at an interesting location for sell, but i dont see anything on the calender to make it gain at the moment. I'd prefer to wait for GBP news on friday to see if it will give it some energy or if PA points to south before then, might jump in. Key level 0.93000 {image}

Bad GBP data, now EURGBP heading to 0.93000 key area where will be looking to short
  • #31,597
  • Aug 9, 2019 8:21am Aug 9, 2019 8:21am
Quoting Swede
Going to try a little yen tonight....didn't get the fill I wanted but also don't have the stress to watch all night either....ha ha @Romanov 102.....could you pls post your daily harmonic chart..to compare with my settings...do you have this pattern? {image}
UJ on a Daily and 1 hour keep in mind the USD has been grinding sideways along the MPP for a couple of days now. The longer it consolidates the higher the probability its going to break one way or another. The projection on the daily was lower it never completed its type 1 reaction from the previous chart I posted. I took my profit on my USD short when it started grinding sideways.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,598
  • Aug 9, 2019 9:15am Aug 9, 2019 9:15am
Quoting Halfcents
On my watchlist {image}
Some of my few pending got filled at the area i was anticipating a pullback. Holding this to the weekly pivot
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  • #31,599
  • Aug 9, 2019 9:31am Aug 9, 2019 9:31am
On my watchlist for long
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  • #31,600
  • Aug 9, 2019 10:22am Aug 9, 2019 10:22am
Thanks Romanov102 for the chart posting on JPY...my Harmonics show the same spot basically...but I like your paid version much better...thanks again...

Now for Cad.....
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