Pivot Trading

Nice are you doing these on a computer?

Wow, it's great that i can post now in this tread, i've tried many times trying to post here. I want to thank you Davit for this system. I been using your system starting last month and so far so good, it's been giving me green pips. Cheers guys. From the Philippines.

I've been following this thread for a very long time reading and practicing but was not able to post. Thank Davit for all the information and inspiration. Going forward I will try to participate when possible.

Hey everyone, i just joined this thread and i will try to catch up with all the rules as fast as possible. Do give me your guidances please.

Thank you.

Hi, I'm a newbie on pivot trading
I've been studied on your pivot trading for about 1-2 months but I'm still not sure whether I understand it correctly or not.
At first, I thought the system is
Mainly use TF H1
1.Focus on S/R:38/61/78/100
2.Looking for Reversal Price action near those S/R
3. SL: not so sure but I suppose it should be ABOVE R for short/Below S for long?
4. TP: I personally tp at next S/R or PP
Then I quit following this thread (sorry) because of my project at university

So, I'm coming back and noticed that you using 8/21 EMA and trading in TF M15
And my understanding of this method is
1.Focus on S/R:38/61/78/100
2. Waiting for reversal
3. Waiting to see a clear signal of the price bar crossing 8/21 EMA in the same direction of the reversal
4. SL/TP: I don't know

I truly apologize if I am commenting something idiot, I've been reading this thread for a long time and try very hard not to skip any page, also I use many keywords to search for what I look for. Still, I can't find it.
Also, maybe it because I'm not good at English, I may misunderstand something.
Sorry for my bad grammar
Finally, I want to thank you Davit for created this thread
Best regards,

New week, time to plan.
-the attached word file is a lot prettier to look at!

Week of April 19-25

Sun Apr 19
16:45- NZD- CPI- decrease 0.4% from 0.5%

Mon Apr 20
21:30- AUD- Monetary Policy meeting Minutes

Tue Apr 21
1:00- AUD- RBA Gov Lowe Speaks- Hopefully we get a nice AUD drop from this of before this, since most of my DD is AUD and have low margin, I’ve been closing my profit trades then using the margin to wait for new entries while holding DD. This is pretty risky though, I just believe AUD is overextended (with manipulated Employment/unemployment change) so we’ll see early this week.
2:00- GBP- Claimant Count Change- last month 17.3K from 6.2K, could see a larger number this week. Maybe hit GC if at a good price, or wait late for more CPI and services+ manufacturing in the week.
5:00- EUR- German ZEW Economic Sentiment- expected to increase to -40.0 from -49.5: look for possible EC shorting opportunities

Wed Apr 22
2:00- GBP- CPI y/y- expected to decrease to 1.5% from 1.7%-
8:30- CAD- CPI m/m- last month 0.4% form 0.3%

Thur Apr 23
3:15- EUR-French Flash Manufacturing & Services PMI- expected to decrease by 2.3 and 5.3- might hold trades from Tuesday until this point
3:30- EUR- German Flash manufacturing & Services PMI- expected to decrease by 2.7 and 6.4
4:30- GBP- Flash Services & Manufacturing PMI- expected to decrease 4.9 and 5.3- I like to get out of GC asap because it’s the most expensive pair I trade. With weak euro/gbp news look for USD spikes on UC for shorting opportunities for Unemployment Claims
8:30- USD- Unemployment Claims- last month 5245K- let’s see how trump and MM, due to the markets this week. I’ve been seeing a lot of moves NY open, then a break until a drop before daily close.
9:45- USD- Flash Manufacturing PMI- last term 48.5

Friday Apr 25
2:00- GBP- Retail Sales m/m- Last month (-0.3%)- Could see big drops this week in GBP, and Euro pairs with all the news
4:00- EUR- German ifo Business Climate-Last Month 86.1
8:30- USD- Core Durable goods Orders m/m and Durbale Goods orders m/m- Last month (-0.6) and 1.2%
Big boys this week look for a drop in AUD due to overbuying. We’ll see how Chinese will affect this pair. After look for opportunities on GBP, Euro pairs mid-week, then US pairs toward the end, but we’ll see how everything plays out. Anything can happen, try not to have any bias but remain neutral and react to the pivots, pa news accordingly.

In trading, first you do the planning, then you get the power, then the women!



STAY SAFE EVERYONE!!

Spending time with a woman is a lot more fun than trading as long as you stop thinking about trading

Can relate to that sometimes

Based on the appearance of his cuddle from behind shouldn't the chart in the caption look more like this?

Welcome! Keep reading through the thread and you will gain a wealth of knowledge. Because of extreme volatility lately caused by the Corona Virus Davit has adjusted his trading style of the system to take advantage of current market conditions. You can use the system in different time frames and one way with experience is to drop to a lower time frame when there is a higher probability of price action at a support or resistance level go in there with more positions and scalp your profits off and close the trade out. I like to do some weekly and monthly pivot swing trades although having said that last year wasn't a good year as a lot of pairs were range bound for long periods of time and monthly's weren't that great. When I have time I will go onto a lower time frame on a pair and scalp at it trying to do several trades in one day if opportunities present themselves. You can PM me if you have any questions.

First trade of the week. Long EC. Break of inside bar on M30. when price breaks 1.5300 I went long. Target R38

N/C failing to break R78 several times on H1, however oil news makes me reluctant to short... "Oil prices crashed the most on record with the May WTI futures contract hitting its lowest level since 1999, plunging as low as $11 or down 38%, as nobody wants to take actual physical storage amid widespread fears crude storage will soon be full"

You should of gotten out at 5335 or so
Remember dont look for home runs. I hope you did not turn a winner into a loser.

Despite of crashing crude WTI at 10's CAD is holding out well.This situation is temporary CAD will regain strongly.
Be careful holding shorts on CAD too long.

I expect WTI going North. Oil is way too low. Saying this I go Long on ALL CAD pairs!

There will be an WTI Intervention shortly….

problem is storage are running out so nowhere to put it.Saudis/Russians tactic of overproduction now created a massive glut.Only way is to stop totally allowing excess to be used up which is unlikely to happen so its idiotic of producers pumping out crude that has no demand now.
Its pointless to intervene.Price will drop down matter of hours unless one of the big producers announce total shut down
WTI 7.80 Cooking oil more expensive now
On the flip side I dont see a logic of giving away crude for nothing either.From producers perspective its loss and a loss unless they shut the wells

Thoughts for the week:

Surplus of oil goes against CAD across the board. Russia reduces output by 20%. Only bear CAD trades this week for me.
No significant red news until Thursday, EUR, USD, GBP PMI.
Am watching for rangebound until then. Possible bounces R38 to S38, on CAD pairs, the range hits S38 (today hasn’t gotten there, finding support at WPP across the pairs I watch)
Also, ST trades only for me. Not looking for anything more than 30-50 pips. I am watching two different calendars and find different red news on both so have tried to capture the red news from both with some additional moderate/orange news. Looking to trade EU, EC, GC, AC? Week is starting out slow, not unexpected.

MON
AUD – Gov Lowe speaks- red news
GBP –claimant count change
GBP – unemployment-considered low impact but worth watching as it is forecast to remain unchanged. Lighter news day might cause this to be a driver. Possible GC north if news is good for GBP.


TUES
EUR-German ZEW Economic Sentiment – moderate impact forecast to improve slightly from -49.5 to -40.0, still in the red though so in either case, not likely to give any lift to the EUR
GBP – Core CPI, moderate impact – decrease from 1.7% to 1.5%, forecast is no surprise but will watch anyway, other M/M PPI, low impact
GBP- Inflation rate Y/Y –forecast to decrease from 1.7 to 1.5%

WED
Light news
CAD –low impact CPI median, trimmed mean, common, core. Again, low impact news, if lower numbers might provide bear opportunities.
CAD –inflation rate – decreasing from 2.2 to 1.3%

THURS – the day to watch
EUR-high impact red news French German Flash PPI, mixed forecast, mostly decreasing numbers
GBP – high impact Flash Services and Manufacturing – forecast decrease from 34.5 to 29.5 and 47.8 to 42.5 respectively
GBP-high impact – Consumer Confidence decreasing from -34 to -40
USD – red high impact Unemployment claims and initial jobless. Forecast to decrease from
USD – Flash PMI manufacturing – forecast to decrease from 48.5 to 37
USD- low impact -composite/flash services PMI - mostly forecast decreases however not all forecast data is available on calendars
JPY – high impact – Inflation Rate Y\Y – forecast to increase from .2 to .4% That is curious, will watch this. Haven’t been trading any yen pairs but may keep an eye.
GBP- Retail sales – no numbers are filling in my calendar at this time.

FRI
EUR-high impact German Business Climate – forecast to drop from 86.1 to 80
USD high impact - Core Durable Goods - forecast decrease from 1.2% to -11.8%
USD - Michigan Inflation Expectations - low impact but may create a little pivot scalp opportunity

As always, thoughts/comments are welcome.

3dollars WTI Wow just wild

Cleaned up all long contracts maybe all the way to 1
CAD holding up
That's my girl!

Chart goes all the way to 1984! Still lower then that

Crude Oil Prices - 70 Year Historical Chart
Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of April 20, 2020 is $2.75 per barrel.

Wow! Just went under $3.

All right guys can we get $1dollar or .50C?
Fuckers squeezing everyone!
Reminds me of EA 20k spike