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Pivot Trading

  • #36,261
  • Apr 6, 2020 7:35am Apr 6, 2020 7:35am
going to sleep nothing is going on.
In trading, you have to be defensive and aggressive at the same time
  • #36,262
  • Apr 6, 2020 7:38am Apr 6, 2020 7:38am
Colin Twiggs - Incredible Charts

Well worth reading!
Attached File(s)
File Type: pdf Incredible Charts - Chart of the Week 4-06-20.pdf   372 KB | 877 downloads
  • #36,263
  • Apr 6, 2020 7:39am Apr 6, 2020 7:39am
[quote = chahal; 12860237] Aud / Cad versucht, über den Drehpunkt zu schieben. Habe meine Augen auf diese Schlacht gerichtet. Hier könnte es Gelegenheit geben. [/ Quote]
ac on the way to 86, this is a zone that is happy to be tested
the highest point comes before the fall
  • #36,264
  • Apr 6, 2020 8:01am Apr 6, 2020 8:01am
Quoting Pivoter
[quote = chahal; 12860237] Aud / Cad versucht, über den Drehpunkt zu schieben. Habe meine Augen auf diese Schlacht gerichtet. Hier könnte es Gelegenheit geben. [/ Quote] ac on the way to 86, this is a zone that is happy to be tested
Previously bounced from .86082. Let see if it can go past then there is potentially 50-70 pips on the up side. On the downside, last time I went to .8450 area after bouncing from here.
  • #36,265
  • Apr 6, 2020 10:11am Apr 6, 2020 10:11am
Quoting chahal
Aud/cad trying to push above the pivot. Got my eyes on this battle. There might be opportunity here.
https://www.forexfactory.com/showthr...00#post9396800
In trading, you have to be defensive and aggressive at the same time
  • #36,266
  • Apr 6, 2020 10:24am Apr 6, 2020 10:24am
Quoting Davit
{quote} https://www.forexfactory.com/showthr...00#post9396800
Thank you for that Davit. I can see what you mean by that. AUS/USD is up and USD/CAD is down overall. Aud/cad currently towards the higher end of the range for today. So, there is possibility of retracement.
  • #36,267
  • Edited 7:58pm Apr 6, 2020 10:53am | Edited 7:58pm
Added more on last drop UC
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #36,268
  • Edited 11:12am Apr 6, 2020 10:58am | Edited 11:12am
Have not seen Euro this dead.Looks like someone just shot it on the head.

Amount of money Feds are accumulating is scary.Its a global disaster

That's what happens when people eat things they should NOT Shall we? Bats anteaters (two most suspected) cockroaches mice rats snakes tiger bones shark fins turtles cats dogs etc list is long...

All the BS conspiracy theories are just that. Its been scientifically established natural origins of Covid19
https://directorsblog.nih.gov/2020/0...n-of-covid-19/

Genomic Study Points to Natural Origin of COVID-19
In trading, you have to be defensive and aggressive at the same time
  • #36,269
  • Apr 6, 2020 10:59am Apr 6, 2020 10:59am
Quoting Davit
Added more on last drop UC {image} {image}
Me too.
141.00 is currently a hard nut to crack.
That's fine.
Increased my account by 6.6% this morning just trading the range between 1.4260 and 1.4220.
Most of my trades were between 1.4248 and 1.4232 !!!!
FUN !!!!!
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,270
  • Apr 6, 2020 11:03am Apr 6, 2020 11:03am
Hi Davit,

I love that game/exercise. Was not able to be on the forum over the weekend. Would you consider engaging us in that way again? I know my answers are simplistic.

EJ-looking for bounce north, suppose at S78 and trading above DO toward 118.40
AN-no trade-at pivot
EG-no trade – in no man’s land
  • #36,271
  • Apr 6, 2020 11:19am Apr 6, 2020 11:19am
Quoting rupasi
Hi Davit, I love that game/exercise. Was not able to be on the forum over the weekend. Would you consider engaging us in that way again? I know my answers are simplistic. EJ-looking for bounce north, suppose at S78 and trading above DO toward 118.40 AN-no trade-at pivot EG-no trade – in no man’s land
I just did not get enough encouraging responses, out of hundreds of members got like 4 responses
people dont care I am not wasting my time.
Generally its been my observation that things that come free generally rarely taken seriously.So my time is valuable to me.

Creme raises to top.
In trading, you have to be defensive and aggressive at the same time
  • #36,272
  • Apr 6, 2020 11:24am Apr 6, 2020 11:24am
Quoting Davit
Have not seen Euro this dead.Looks like someone just shot it on the head. Amount of money Feds are accumulating is scary.Its a global disaster That's what happens when people eat things they should NOT Shall we? Bats anteaters (two most suspected) cockroaches mice rats snakes tiger bones shark fins turtles cats dogs etc list is long... All the BS conspiracy theories are just that. Its been scientifically established natural origins of Covid19 https://directorsblog.nih.gov/2020/0...n-of-covid-19/...
Humanity fucked up for too long, thinking they can control nature and live against nature as much as they want. We want better air? Someone else better will not use their car, but not me! I gotta drop of the kids for school, they might get lost on the way walking there for one kilometer! Someone might put their eco-sheriff hat on and avoid too many flights but I will fly across Europe whenever I want! We want no more plastic in the sea? Oh, some green hippie might live their uncool lives and miss out on all the heavenly glory of 21st century capitalism, but I will get my plastic bags full at the cheap stores every friggin' weekend!

It all comes back, it does not surprise me because I have said so for years. But it is still sad. Sad for those who have enough reason to see all this and are ready for a better world by their educated character and behaviour. But I am not sorry for all the morons who only know ego first. If I think of them, the world might as well come to an end and I do not care! Hope I am wrong and some miracle happens to humanity! I doubt it though when people here still laugh at safety measurements the government tries to enforce ...
Fix up, trade sharp ...
  • #36,273
  • Apr 6, 2020 11:26am Apr 6, 2020 11:26am
Quoting GreenEarth
{quote} Me too. 141.00 is currently a hard nut to crack. That's fine. Increased my account by 6.6% this morning just trading the range between 1.4260 and 1.4220. Most of my trades were between 1.4248 and 1.4232 !!!! FUN !!!!! GE
Its great you are paying attention one of small group of people here who do. results show
In trading, you have to be defensive and aggressive at the same time
  • #36,274
  • Apr 6, 2020 11:28am Apr 6, 2020 11:28am
Quoting Davit
{quote} I just did not get enough encouraging responses, out of hundreds of members got like 4 responses people dont care I am not wasting my time.
I get that, too bad for us. I had family responsibilities so had my laptop closed over the whole weekend. Thanks for doing it though, even if just that time.

I'm going back to Mark D also. Getting my head back in the game. I see your exercise like this: stick your neck out, act on the edge you see. Even if the 'answer' isn't 'right', you did act based on what you saw. It is a game of probabilities, combining the edge of pivots, what you see with taking all the opportunities you can that fit the parameters. That is my goal. My principal is smaller so I am trying do this with smaller lots.
  • #36,275
  • Apr 6, 2020 11:44am Apr 6, 2020 11:44am
Quoting Hickson
{quote} Humanity fucked up for too long, thinking they can control nature and live against nature as much as they want. We want better air? Someone else better will not use their car, but not me! I gotta drop of the kids for school, they might get lost on the way walking there for one kilometer! Someone might put their eco-sheriff hat on and avoid too many flights but I will fly across Europe whenever I want! We want no more plastic in the sea? Oh, some green hippie might live their uncool lives and miss out on all the heavenly glory of 21st century...
Hi buddy.If you have not watched original Solaris 1972!!! byTarkovsky please do.Its mind bending film and sheds light on philosophical nature of existence.
Here is small clip with unreal Chorale prelude F Minor Bach performed by Eduard Artemiev surreal sound.
Inserted Video

Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #36,276
  • Edited 5:56pm Apr 6, 2020 11:56am | Edited 5:56pm
Dear Davit and Fellow Pivoters,

I want to share my personal summary of my Pivot Trading style written by PM to a fellow Newbie. Please I invite any addition or detraction from my Pivot style and opinions:

"Hi B,
Thanks I am feeling better.
Now, how I trade is keeping it simply looking at D1 to M30, then only using mini-trades of 0.01 to .04 lots with TP at 5 Pips to 20 Pips depending on my Margin % from 250 to 350 at all times as possible, The reason for this is I use the the Pivot rules by Davit to keep my DD low as possible so I avoid a Margin call.
Also, I use Davit's suggested cross currency pairs after looking at the Majors to help guide me and keeping out of Red News 1 hour before and 2 hours after before I take a new trade.
With a $1000 Demo Oanda account, I keep my small trades to 3 to 5 only if possible, again keeping Margin% >= 250.
Lastly, I try to watching the fundamentals remembering that the MMs will try to stop you out to use the liquidity to trade against you using a soft SL or none at all !
Finally, besides having that "Edge" as above, I will not trade on Fear or Greed and keeping my day job to help quell any Fear or Greed emotions like the 95% of the retail traders and staying with the top 5% of the winners who know that the PL are always random, but winning >> losing with the late MDs psychology of trading - see his free youtube videos and go over my summaries that are on the files in the section of Davit's Pivot Trading on FF. The rest is based on my experience and intuition !
I hope you do not mine that I am placing my summary of my trading on Pivot Trading as a summaries to the other Newbies !
Yours,
John
Addendum: I do try to keep all my trades with The Edge down to 5 to 10% of my account that is currently a Demo again because I had to close my Active Oanda to pay urgent medical bills. "

PS: Please follow the Covid-19 Guidelines locally and the CDC at http://www.CDC.gov !
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #36,277
  • Apr 6, 2020 2:16pm Apr 6, 2020 2:16pm
[quote = Pivoter; 12859068] {image} Das wurde sehr sorgfältig und positiv gesagt. .... Für Tests im Krankenhaus ... Um ehrlich zu sein, kommt heute niemand ins Krankenhaus, wo es nicht akut ist. Jedes freie Bett und Beatmungsgerät wird heute benötigt. [/ Quote]
Attached Image (click to enlarge)
Click to Enlarge Name: 06-04-_2020_21-15-12.jpg Size: 44 KB
the highest point comes before the fall
  • #36,278
  • Apr 6, 2020 2:32pm Apr 6, 2020 2:32pm
I short now AUDs and NZDs. It will work. Swing trade, no scalps.
  • #36,279
  • Apr 6, 2020 3:27pm Apr 6, 2020 3:27pm
Quoting renkotop
I short now AUDs and NZDs. It will work. Swing trade, no scalps.
Might work out but shorting 2 commodity pairs while 3rd CAD is gaining is not logical considering both NU AU are at WP
Not something I would of taken

CAD NZD AUD move in unison more or less difference is split among them but against USD they tend to have united front.This has lot to do with commodities crude going up I bet iron ore going up dairy going up.

This is purely my thought process trades can still work out.
In trading, you have to be defensive and aggressive at the same time
  • #36,280
  • Apr 6, 2020 4:35pm Apr 6, 2020 4:35pm
Quoting Davit
Find the winning move White (me) to move {image}
Interesting positions, see if my brain still works. White bishop to B5 check.
Fib Traders get it right 61.8% to 78.6% of the time. NR
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