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Pivot Trading

  • #36,681
  • Apr 21, 2020 1:52pm Apr 21, 2020 1:52pm
Quoting Davit
{quote} Little wisdom I can share to you.You noticed I dont trade USD when I am not sure of fundamentals or trends I switch to relevant crosses.I have NO UC trades but do have on crosses. GC EC NC were all great set ups last 12hrs I have been trading like this for years when not sure on USD dont trade it. Oil drop had minimal effect on UC.You noticed GU dropped substantially so did the other major pairs.Bottom line opportunities plenty. You only have control over your trades but not market so what happens in the market you should not stress about....
Yes Davit , I've noticed that about your trading and to be honest I am considering following the same crosses that you trade , GC EC and NC , although I would have to play catch up on the fundamentals.
I have created a value bias in my mind due to the fact that UC and AC offer the best band for your buck. I have to clear this bias from my mind.

One thing I love about MD is just how far ahead he was on the subject of psychology with respect to trading. Once I start feeling comfortable about my trading , I always pick up his Trading In The Zone book and it humbles me in a positive way. Continuously learning about my "inner workings".
I'm not the type of person to get stressed out , I get frustrated but not stressed out.

Right now I feel like the market is simply "toying with me" which makes me feel uncomfortable. The EDGE that I thought I had disintegrated with oil collapsing , but , that's trading.
Always appreciate your input ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,682
  • Apr 21, 2020 1:59pm Apr 21, 2020 1:59pm
Quoting Romanov102
I've noticed in the past some people mark support and resistance zones on their charts for reference along with the pivot points. I had an email come to me with this free indicator that automatically colors the zones in for you in various time frames, I thought I'd share it. {image} {file}
dont recommend it.That indi been around over decade.No indicator can detect true S/R
Its important you train your eyes.That's your skill forever yours
In trading, you have to be defensive and aggressive at the same time
  • #36,683
  • Apr 21, 2020 2:36pm Apr 21, 2020 2:36pm
Quoting Davit
What's going on my life Tore left rotator cuff shoulder tendon can't lift my left arm.Can't see doctor because of covid19 and feeling like depressed I read if not attached soon tendon shrinks and can't be attached to bone anymore... Lot of other issues. Why I can't be here full time.If you follow the system plus scalper method you should land yourself in nice profitable trades.Its there on the charts. regards
Sorry to hear that bud. Had a rotator cuff injury some years ago but no where near that bad. I know what you mean about other med services hard to obtain now. All resources are being diverted for COVID. Specialists, etc are essentially out of business for the moment which is a tad ridiculous imo.
Trade with confidence, trade without fear.
  • #36,684
  • Apr 21, 2020 3:32pm Apr 21, 2020 3:32pm
Quoting Davit
What's going on my life Tore left rotator cuff shoulder tendon can't lift my left arm.Can't see doctor because of covid19 and feeling like depressed I read if not attached soon tendon shrinks and can't be attached to bone anymore... Lot of other issues. Why I can't be here full time.If you follow the system plus scalper method you should land yourself in nice profitable trades.Its there on the charts. regards
Hope you recover quickly Davit. You will find a way. I am sure your pesrseverance is not ony in your trading but in all all aspects of your life. Youve faced adversity in life and you have succeeded. You have a wonderful family, you are a phenomenal painter and you've mastered the markets at a level of which most can only dream. Your shoulder is just another bit of adversity that you shall overcome and rise like a champ as you have done before in the past. I know you will recover brother. Stay safe. Wish you the best.
  • #36,685
  • Apr 21, 2020 3:37pm Apr 21, 2020 3:37pm
Good luck, i will follow it now
  • #36,686
  • Apr 21, 2020 5:50pm Apr 21, 2020 5:50pm
Quoting Davit
{quote} dont recommend it.That indi been around over decade.No indicator can detect true S/R Its important you train your eyes.That's your skill forever yours
Used it maybe four or so years ago.. Absolutely awful, price just blows through these so called zones left and right
  • #36,687
  • Apr 21, 2020 6:18pm Apr 21, 2020 6:18pm
Quoting Davit
What's going on my life Tore left rotator cuff shoulder tendon can't lift my left arm.Can't see doctor because of covid19 and feeling like depressed I read if not attached soon tendon shrinks and can't be attached to bone anymore... Lot of other issues. Why I can't be here full time.If you follow the system plus scalper method you should land yourself in nice profitable trades.Its there on the charts. regards
I am new on this thread, and has been following your posts. i really feel sad seeing that you are going through such time. i am honestly wishing you a rapid recovery
  • #36,688
  • Apr 21, 2020 8:47pm Apr 21, 2020 8:47pm
April 20th WTI Trade. I have a quest for the forum. As the price of WTI Crude went to 0.01 sent, I placed a trade at 330 EST 1.00 @ .07. Price gapped up right after the close, I was up 21K on the trade and my broker FXChoice charged a SWAP fee of 21K as well. What am I missing?
  • #36,689
  • Apr 21, 2020 10:28pm Apr 21, 2020 10:28pm
Quoting Davit
What's going on my life Tore left rotator cuff shoulder tendon can't lift my left arm.Can't see doctor because of covid19 and feeling like depressed I read if not attached soon tendon shrinks and can't be attached to bone anymore... Lot of other issues. Why I can't be here full time.If you follow the system plus scalper method you should land yourself in nice profitable trades.Its there on the charts. regards
yes no issues with the system at all and it is programmed quite intelligently. 2-3 situations in which I failed was during the china-US trade war and corona. but in those situations also if u buy the breakouts you would have made money. no problem. for example all of us have a tendency to but at S38 and sell at R100 when the system in those 2-3 situations was recommending a buy. so the program did its job.

have a speedy recovery. I was just worried about your artistic career now. will you be able to draw portraits with so much pain.
  • #36,690
  • Apr 22, 2020 2:02am Apr 22, 2020 2:02am
EC this morning: Three times price fails to break the R61. So I took a short ride down. Don't wait too long, Get out early as Davit told us. Now waiting if we can make this trip again today.
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  • #36,691
  • Apr 22, 2020 3:07am Apr 22, 2020 3:07am
Quoting Pipsmurfer
EC this morning: Three times price fails to break the R61. So I took a short ride down. Don't wait too long, Get out early as Davit told us. Now waiting if we can make this trip again today. {image}
I' m short as well!
  • #36,692
  • Apr 22, 2020 3:13am Apr 22, 2020 3:13am
Quoting Davit
{quote} Based on Doctor tests on video I fit all the criteria but dont know 100% without MRI I can't lift even 12inches from side but can lift 1meter going up front and do have pain specially at night on shoulder area.Can't lift at all over my shoulder my arm I read partial tear can heal over time but not full torn off tendon. I was doing side shoulder lifts with 10lb each arm and must of pushed myself then 2weeks later got progressively painful with sharp pain on upper shoulder then could not lift arm.Anyway just depresses me.
Get well soon, friend. Make sure you can see a doctor and move as much as you can as long as if there is no pain, if too much pain, walk a bit at least. Seeing the doctor is important for prophylaxis against embolies.

I had a similar thing with my knee years ago, but got out of the situation that was overall like I did not know if I could live tomorrow with other issues involved. If I can, you can too. All the best!
Fix up, trade sharp ...
  • #36,693
  • Apr 22, 2020 3:14am Apr 22, 2020 3:14am
Me three, it was asking to be shorted
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  • #36,694
  • Apr 22, 2020 4:30am Apr 22, 2020 4:30am
Oppertunity to short AC?
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  • #36,696
  • Apr 22, 2020 4:51am Apr 22, 2020 4:51am
Quoting FX2Life
Hidden
fx2live, what do you see when you look in the mirror? a big fool
the highest point comes before the fall
  • #36,697
  • Apr 22, 2020 4:52am Apr 22, 2020 4:52am
Quoting FX2Life
Hidden
Ahhh, did you lose a lot?
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #36,698
  • Apr 22, 2020 4:55am Apr 22, 2020 4:55am
Quoting FX2Life
Hidden
FX2Life,

what is wrong with you???
  • #36,699
  • Apr 22, 2020 5:26am Apr 22, 2020 5:26am
I haven't posted here for about three years for various reasons. I have reopened my trading account, and will start off slowly making a few trades. I've had trouble setting up my pivot charts, and will have to re-read early posts to work out how to set them up correctly again as I've forgotten some important details and can't get back into my old meta chart setups. I need to do review on early thread posts anyhow. I'm slowly reviewing and keeping up with new posts. I've learned quite a bit from Davit, and this system combining pivot points and fundamentals suits my style and philosophy. In my mind, and having previously experienced trading with this system, I have no doubt that it is a fantastic system which gives anyone who follows it correctly a great edge. I don't know where this clown FX2lost came from, or if he's posted here before, but I was stunned to see his comments, and won't bother checking to see what rock he crawled out from under. I also know from having participated in this forum for a considerable period of time in the past that Davit's personality and willingness to help other traders does not deserve a response such as this lost fool's comments. I believe that like most of us, Davit probably also needs a little bit of encouragement from time to time to help lift him up and help keep him feeling good about what he's doing. Cheers Davit, thanks for sharing your system and good advice.
  • #36,700
  • Edited 8:46am Apr 22, 2020 8:18am | Edited 8:46am
Yesterday trade CADJPY still open. Going near TP. Today I just opened EG. It's a good setup.


New trade on GBPJPY. I could not resist this entry. Great setup
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We are what we repeatedly do. Excellence, then, is not an act, but a habit
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