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Pivot Trading

  • #33,241
  • Dec 14, 2019 11:04pm Dec 14, 2019 11:04pm
I apologise if this is too basic a question, but I search the thread and couldn't find an answer.

Below you can see three different forecasts for AUD Employment Change from three different calendars (Forex Factory, Investing.com, MetaQuote). The difference is so big that cannot be simply ignored.

Any thoughts?

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If you can't measure it, you can't improve it!
  • #33,242
  • Dec 14, 2019 11:26pm Dec 14, 2019 11:26pm
Do your calendar of events , plan your trade , trade your plan , price action is always the king , pivot is a queen . Result :
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Stay low, Go fast - No luck, All skill
  • #33,243
  • Dec 15, 2019 12:12am Dec 15, 2019 12:12am
Quoting Davit
{quote} does not seem you read "trading in the Zone" lots of information on fear.You need to work on your psychology and you know it.Now just apply yourself You should read all books posted on clipboard. That's your weak link.Once you master you'll be on totally different level.You'll see the market as opportunity only.Does not come without work as everything else in life. There is a thread here guys complaining they can't make money in forex hence dont think anyone else can either.These guys missed the point that success comes from hard work.You...
My mind is blown. Mark Douglas is a genius. Everyone in the Thread that you speak of needs to read this book, just like me they need to learn that you can't force outcomes from the market, you can only force your mind to behave a certain way in certain conditions Mark Douglas calls it shaping your mental environment.
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Capital preservation, live to trade another day
  • #33,244
  • Dec 15, 2019 3:55am Dec 15, 2019 3:55am
Amazing brush making...by hand in mechanical world...Have several sable brushes myself.Nothing else comes close.
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In trading, you have to be defensive and aggressive at the same time
  • #33,245
  • Dec 15, 2019 4:08am Dec 15, 2019 4:08am
Quoting josephcom
OK, like I said yesterday, here's my humble notes on the next week's calendar: What we saw over the past week: US-China appear to have reached a phase-one deal. This can be the beginning of some recovery in China (and the global) economy in 2020. UK Boris Johnson's re-election sets the UK to divorce EU in a month. US Fed clearly signalled it'll be on hold over the coming year. ECB meeting provided no changes. The most important events over the coming week: EUR: on Wednesday: we'll see Germany's Ifo figures (Business Climate Index). In the past couple...
Just a constructive feedback.You are mentally editing which news is important and omitting others.Just like random distribution of winners and losers what you dont pay attention to could be biggest mover and what you think is important like BOJ statement may be a blimp.
Try going over all red eventsThere was nothing about AUD NZD CAD and all have important events and pairs like AN AC NC AJ NJ EC EN CJ some of the best to trade.People are habitual if you find yourself thinking like what you used to and trade like how you did before STOP.Reset yourself refocus.Takes effort to think fresh.

Its lot better then your previous.keep doing
In trading, you have to be defensive and aggressive at the same time
  • #33,246
  • Dec 15, 2019 4:16am Dec 15, 2019 4:16am
Quoting Davit
{quote} Just a constructive feedback.You are mentally editing which news is important and omitting others.Just like random distribution of winners and losers what you dont pay attention to could be biggest mover and what you think is important like BOJ statement may be a blimp. Try going over all red eventsThere was nothing about AUD NZD CAD and all have important events and pairs like AN AC NC AJ NJ EC EN CJ some of the best to trade. Its lot better then your previous.keep doing
Your feedback means a lot to me. You'll see much better from me...
If you can't measure it, you can't improve it!
  • #33,247
  • Edited 4:40am Dec 15, 2019 4:24am | Edited 4:40am
Quoting josephcom
{quote} Your feedback means a lot to me. You'll see much better from me...
Pairs I mentioned are gold mines.Several reasons but low ADR and predictive nature allows confident trading.Most rookies get attracted to beasts like GN GJ huge mistake and get their asses handed to them but avoid AC NC for example where mistake there may cost fraction.Its not about most distance its about profitability of the trade with lowest risk.I make most money from commodity pairs regularly rather under the radar gold nuggets

To inspire you Egbert came here 2yrs ego and he put real effort did not give up even at times frustrating me but now he is killing it.He sees same trade as I most of the times.Check his posts and other senior members here like ppxdf Cryptosurf GMO Mundo (R61 not senior member but fine new member who is killing it)ToddyS2K and many others.There is wealth of knowledge here.. that's unique at FF
In trading, you have to be defensive and aggressive at the same time
  • #33,248
  • Dec 15, 2019 4:44am Dec 15, 2019 4:44am
looking at some charts to boost my confidence and i'm thinking this system gives a little more than en edge, it is bordering on insider information. a person watching these charts could have had some real sniper entries, almost (dare i say it) negating risk...
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Capital preservation, live to trade another day
  • #33,249
  • Edited 5:32am Dec 15, 2019 5:15am | Edited 5:32am
Quoting cjayfx14
looking at some charts to boost my confidence and i'm thinking this system gives a little more than en edge, it is bordering on insider information. a person watching these charts could have had some real sniper entries, almost (dare i say it) negating risk... {image}
cjayfx14
May I suggest that you use Nostromo Pivots as your view shows a supposed reversal at S61 when in reality it was a failure at S38. The version you are using will cover the entire chart and place values in the right margin. To continue to use Davits Pivot v3.2 Auto, open the menu and drop to the last two items (Show S&R to 200% & Short - put both as true). This will provide the entire week and not straddling more as your image shows.
By applying both to the chart, you can have Davit Pivot v3.2 Auto with values on the right and you may do not need values on Nostromo which are on the left. This is what I am using on most charts.
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  • #33,250
  • Dec 15, 2019 6:48am Dec 15, 2019 6:48am
Quoting Gmo
{quote} cjayfx14 May I suggest that you use Nostromo Pivots as your view shows a supposed reversal at S61 when in reality it was a failure at S38. The version you are using will cover the entire chart and place values in the right margin. To continue to use Davits Pivot v3.2 Auto, open the menu and drop to the last two items (Show S&R to 200% & Short - put both as true). This will provide the entire week and not straddling more as your image shows. By applying both to the chart, you can have Davit Pivot v3.2 Auto with values on the right and you...
heres with Nistromo, pretty sure my levels are the same...am i wrong?
Edit: or do you mean how i was pointing at last week's S38 with this week's S61...i can see, how that can cause confusion.
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Capital preservation, live to trade another day
  • #33,251
  • Dec 15, 2019 9:37am Dec 15, 2019 9:37am
If you have 40 mins and 33 seconds listen to Dr. David Paul. His views are very similar to Mark Douglas's views.

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Best Regards
  • #33,252
  • Dec 15, 2019 1:56pm Dec 15, 2019 1:56pm
Davit Pivot Trade Worksheet - Update

With Davit's permission attached is an updated worksheet. I have compiled this over the years with significant input from serious traders. Many PM's have asked me for an update. The original version dates back to June 2018 (Davit Pivot Trading) and October 2018 (Weekly Pivot Trading with TDI - Neil0163). Downloads have been huge!

The purpose of the worksheet is more especially to serve as an introduction to Davit's Trading Methodology or "System" and suitable for most traders.
Use it as you wish!
In this Version, Indicators have essentially been removed, emphasis on PA (Price Action), a change in preferences too that can vary with Fundamentals.
This worksheet is incomplete without a thorough Economic Calendar Analysis.

It is indeed heartening to see Davit posting his for the coming week. Thank you.
Attached File(s)
File Type: pdf Davit Weekly Pivot Trading - Trade Entry-Exit GMO vs 12-15-19.pdf   195 KB | 1,199 downloads
  • #33,253
  • Dec 15, 2019 5:38pm Dec 15, 2019 5:38pm
Quoting MrAussieFX
If you have 40 mins and 33 seconds listen to Dr. David Paul. His views are very similar to Mark Douglas's views. https://youtu.be/MGglyvc8d58 Best Regards
Does not come even remotely close to Mark Douglas.Kept talking or rather YELLING basic common knowledge in trading.
In trading, you have to be defensive and aggressive at the same time
  • #33,254
  • Dec 15, 2019 6:21pm Dec 15, 2019 6:21pm
One of the greatest thinkers of our times unfortunately passed away and greatly missed.
Christopher Hitchens
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In trading, you have to be defensive and aggressive at the same time
  • #33,255
  • Dec 15, 2019 7:41pm Dec 15, 2019 7:41pm
Saw them in concert.One of the best.


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In trading, you have to be defensive and aggressive at the same time
  • #33,256
  • Dec 15, 2019 11:04pm Dec 15, 2019 11:04pm
looks like i will be trading NZD today, all crosses NU, NC and NJ all look like this, failure at R38 and Market Structure at S161, presenting possible shorts with S161 as a target.
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Capital preservation, live to trade another day
  • #33,257
  • Dec 16, 2019 2:37am Dec 16, 2019 2:37am
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Attached File(s)
File Type: pdf pmi.germany.pdf   318 KB | 275 downloads
  • #33,258
  • Edited 3:37am Dec 16, 2019 3:15am | Edited 3:37am
Quoting ppxdf
POINTS I am Considering for next week (NOT COMPLETED YET. I will EDIT IT LATER TODAY) Mon EUR PMI (French PMI, German PMI) The Indexes have to point to a recovery of sorts in November. The initial figures for December are projected to show further improvement. In France, both the manufacturing and services sectors are growing, albeit it a slow pace. The German manufacturing sector is still in the doldrums – contracting at a rapid clip, albeit off the lows. The PMI for the industrial sector stood at 44.1 points and is expected to advance to only...
uk PMI in 15 minutes.

UK elections push the price of the GBP up, but we have this PMI data, which could change the policy of cutting interest rates.
In my comments I said that no change is expected, but last month saw a new split in the policy committee as two of the nine members voted for lower rates So, that push the price of the GBP down.

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File Type: pdf uk.report.f73a3f4a419f4aac9f8b32b0831dfdd3.pdf   201 KB | 449 downloads
  • #33,259
  • Dec 16, 2019 3:31am Dec 16, 2019 3:31am
Nice red numbers
In trading, you have to be defensive and aggressive at the same time
  • #33,260
  • Dec 16, 2019 3:35am Dec 16, 2019 3:35am
Nice
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We obey the structure that results from the market's reaction
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