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Pivot Trading

  • #37,161
  • May 15, 2020 11:35am May 15, 2020 11:35am
Quoting atraderfx
Results for this week - Notes and reflections to self. Don't 's Avoid trading EURGBP and AUDNZD. Generally I am bad at both of these. The are very trending and I am not very good at this system yet... Certainly I don't have David's skills as yet.... to scalp 1000pips from 1 support level rejection. Wait for atleast one 15min candles to close around levels to establish whether there is rejection or not If get run over wait for a new setup. be patience... i.e. USDCAD broke above pivot and smashed me this week, thankfully I recovered the losses from...
AN is a pain in the ass. I've removed it from my list of pairs!
  • #37,162
  • May 15, 2020 4:01pm May 15, 2020 4:01pm
Quoting langtoni
{quote} AN is a pain in the ass. I've removed it from my list of pairs!
Closed AN at a loss, overall a good week. I will no longer post trade report, and will limit my postings. Not enough time to focus on this considering everything that is going on. I have reduced usage of FF for a while and may just leave all together. Have a great weekend, I will think things through this weekend and prioritize some things.
Invest in Life
  • #37,163
  • May 15, 2020 4:45pm May 15, 2020 4:45pm
Going through documents, images, and videos I save for further study, as I should be doing every weekend, came across this video which I had been looking for. Just have about easily over 20,000 items saved for forex alone but here it is.

Video was uploaded Oct 7, 2019, I saw it about a week later, it is a warning about the upcoming crisis (back then). Talks about 4 clues the super rich were giving us of an impending crisis. Basically, video mentions their change of spending habits of the past several month.

1. Less Art Auction purchases
2. Less Luxury Auto purchases
3. Less Luxury Real Estate purchases
4. A halt in the Jewelry sector

Videos does go into creating work-at-home opportunities (in trading btw). Since I was familiar with the impending crisis back then and was already trading I passed this info as yet another great information that will go to the shelf (and it did till I remembered a month ago watching it).

Note to self: Heed the warnings...remember prepare for the worst, hope for the best

Video is in Spanish. Maybe a search will get an English version.
Invest in Life
  • #37,164
  • Edited 5:28am May 16, 2020 5:15am | Edited 5:28am
Hi guys
Thanks for the PM's and posts here.I sincerely appreciated it.I will answer them in due time.I may end up developing my own website.We'll see...
Shoulder less pain, little more movement, some progress ,which gives me hope of recovery.

Some brain teaser on trading.Suppose you could only trade with line chart with this system.What would be "price Action"?

One of my latest works.
Called undressing
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #37,165
  • Edited 6:10am May 16, 2020 5:56am | Edited 6:10am
Lastly know who the players are and who you are following.
Example without naming names there are individuals who have multiple systems threads here for years never posted any gains daily weekly or monthly nothing and yet often are on other people's systems threads...using their charts...
Logically one likes to ask if you started 2 systems threads that you dont posts results and you are trading not your own charts systems then how confident other members should feel about you? Not difficult to spot these phony "traders" here.
There are only small handful of people here worth reading.Don't fall for idiots!Use your logical deductions on people.


If you take guitar lessons from an amateur you'll get amateur results.If you are a noob dont follow another noob!You will fall into a losing loop.
Glad got that out of my chest.
Lastly take a course/books on critical thinking and logical deductions.
stay green
In trading, you have to be defensive and aggressive at the same time
  • #37,166
  • May 16, 2020 6:43am May 16, 2020 6:43am
Quoting langtoni
{quote} AN is a pain in the ass. I've removed it from my list of pairs!
Hi Langtoni, i also had suffered a loss on AUDNZD so removed it from my trading pairs. The moment you think to sell then bang it skys rockets and vice versa.

Green pips and stay safe.
  • #37,167
  • May 16, 2020 7:44am May 16, 2020 7:44am
I decided to keep my 4 positions open with NZD; will probably get stopped.
There are 4 positions with 100 pips against me.
Because I did not study the reasons for this NZD behavior, I only traded 3 days this week.

cheers
helio

ps.
Davit, I'm happy to see your posts
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.Screenshot_1.jpg Size: 291 KB
  • #37,168
  • May 17, 2020 1:59am May 17, 2020 1:59am
Quoting Mundo
Going through documents, images, and videos I save for further study, as I should be doing every weekend, came across this video which I had been looking for. Just have about easily over 20,000 items saved for forex alone but here it is. Video was uploaded Oct 7, 2019, I saw it about a week later, it is a warning about the upcoming crisis (back then). Talks about 4 clues the super rich were giving us of an impending crisis. Basically, video mentions their change of spending habits of the past several month. 1. Less Art Auction purchases 2. Less...
Sounds interesting.

Can you post the video please, so that we can try to find the English version.
  • #37,169
  • May 17, 2020 8:27am May 17, 2020 8:27am
I dont forget Davit system show us 100R/S another major zone.
Should price smash 100 S/R then you are in strong trend supported by fundamentals
I keep my eyes open on speculation that some central banks are considering negative rates, as RBNZ Governor etc.
It is much easier to analyze our graphs and point out technically with a reasonable degree of reliability where prices will be moving.
But what percentage does this represent when we consider the fundamental events?
what kind of news or speculation is moving the currency this week?.
Could be the combinations of 4:
Ecnomic data
Politics
Central bank policy
or
Risk Sentiment

great week for all of us
  • #37,170
  • May 17, 2020 8:38am May 17, 2020 8:38am
Quoting irishcraig09
{quote} Hi Langtoni, i also had suffered a loss on AUDNZD so removed it from my trading pairs. The moment you think to sell then bang it skys rockets and vice versa. Green pips and stay safe.
Just to confirm, I didn't take a loss on AN because I don't trade it.
  • #37,171
  • May 17, 2020 3:34pm May 17, 2020 3:34pm
Quoting Davit
Hi guys Going to take a break from this forum.This environment has become too toxic to me.It effects me negatively.I put 4 years of my life on this thread and that's substantial investment on improving fellow traders. This thread is full of amazing results and same on PM which validates the method. How long dont know.Maybe not be back at all. If I form a group will let you know.No need to ask.You will be notified privately. take care.

I wish you are fine my Brother , Friend Davit ,
I was lucky to get connected with you few years back,
Surely limitless people on this planet including myself have learn to survive in this market from your help , have learn to forgive ,have learn to respect more then before ,have learn to deal with anger, anxiety issues , have learn to being true to self ,have learn to be conscious with self ,

The positive energy You’ve created here will stay forever ,
You’ve created the best place from your valuable time to help limitless people on this planet .
My teenage brothers and sisters they do know about you ,since I keep your quotes in my diary for myself they also read that , and we love you ,
Grateful to you forever with love and respect ,
God bless you and your family



Quoting Davit
Hi guys Thanks for the PM's and posts here.I sincerely appreciated it.I will answer them in due time.I may end up developing my own website.We'll see... Shoulder less pain, little more movement, some progress ,which gives me hope of recovery. Some brain teaser on trading.Suppose you could only trade with line chart with this system.What would be "price Action"? One of my latest works. Called undressing {image}
Happy to know that you are recovering from shoulder pain ,
i always enjoy your art work,
Best wish always from my heart
Take care my Brother,Friend Davit
  • #37,172
  • May 17, 2020 3:35pm May 17, 2020 3:35pm
Quoting Mundo
Going through documents, images, and videos I save for further study, as I should be doing every weekend, came across this video which I had been looking for. Just have about easily over 20,000 items saved for forex alone but here it is. Video was uploaded Oct 7, 2019, I saw it about a week later, it is a warning about the upcoming crisis (back then). Talks about 4 clues the super rich were giving us of an impending crisis. Basically, video mentions their change of spending habits of the past several month. 1. Less Art Auction purchases 2. Less...
A gross oversight...here is the video.

Inserted Video
Invest in Life
  • #37,173
  • May 17, 2020 3:53pm May 17, 2020 3:53pm
Quoting Davit
Hi guys Thanks for the PM's and posts here.I sincerely appreciated it.I will answer them in due time.I may end up developing my own website.We'll see... Shoulder less pain, little more movement, some progress ,which gives me hope of recovery. Some brain teaser on trading.Suppose you could only trade with line chart with this system.What would be "price Action"? One of my latest works. Called undressing {image}
This system could easily be traded using line chart. I have analized charts on ocassions using line, and it works just fine. It takes away the illusion of red sell, green buy, hence why I use white candles, and a small candle size, because it is the closest to a line chart. The illusion of red and green has everything to do with psychology. We program our mind with everything...even what we might consider irrelevant. We tend to do away with the obvious things that affect trading psychology like indicators, revenge trading, motivational stuff...etc but we usually do not consider the hidden ones, the ones that might cause us more trouble.

I don't have the answer as to what Price action might be; however, I use structure at a price point when making my decision. Ex. price in relation to pivot, psychological levels such as 00...250...500...750, News, market structure, ADR and price...yes price (is it at a bargain, is it too high ex. USDMXN is so high it cannot survive at that price for too long. Once it plummets, UC will go along the ride and of course WTIUSD will climb once again.)

Fiinally line chart might have one lose so called top or bottom but it would eliminate a lot of early entries.
Invest in Life
  • #37,174
  • May 17, 2020 8:30pm May 17, 2020 8:30pm
Quoting Davit
Hi guys Going to take a break from this forum.This environment has become too toxic to me.It effects me negatively.I put 4 years of my life on this thread and that's substantial investment on improving fellow traders. This thread is full of amazing results and same on PM which validates the method. How long dont know.Maybe not be back at all. If I form a group will let you know.No need to ask.You will be notified privately. take care.
I can say that I learned a lot here in this forum, its methodology made me think and totally change the way of trading i carried out,
Thank you for breaking new ground for me and I believe for most of everyone here.
Thank you for sharing your knowledge with us.
"Knowledge comes from the instructor, the wisdom of your inner self."
By Bruce Lee
Success and turn green !!!
"The freedom of the other extends mine to infinity"
  • #37,175
  • May 17, 2020 8:51pm May 17, 2020 8:51pm
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,088 Posts | Online Now
Quoting Davit
Hi guys Thanks for the PM's and posts here.I sincerely appreciated it.I will answer them in due time.I may end up developing my own website.We'll see... Shoulder less pain, little more movement, some progress ,which gives me hope of recovery. Some brain teaser on trading.Suppose you could only trade with line chart with this system.What would be "price Action"? One of my latest works. Called undressing {image}
Short answer- SUPPORT AND RESISTANCE.
We obey the structure that results from the market's reaction
  • #37,176
  • Edited 4:47am May 18, 2020 2:15am | Edited 4:47am
Quoting Davit
Hi guys Thanks for the PM's and posts here.I sincerely appreciated it.I will answer them in due time.I may end up developing my own website.We'll see... Shoulder less pain, little more movement, some progress ,which gives me hope of recovery. Some brain teaser on trading.Suppose you could only trade with line chart with this system.What would be "price Action"? One of my latest works. Called undressing {image}
The price movements on the market always follow the same pattern. You can imagine it like that. The price is constantly oscillating. The price swings from one extreme to the next. Our task is to recognize and act on these extremes early on. This happens very often at the extreme pivot points from 61 and higher. When these extremes are reached, the market pulls back in the direction of its initial movement like an extremely stretched rubber band. This oscillation takes place in every time frame. For the weekly pivot points, the time frames 30 min to 1 h are very suitable. The price action takes place at the extremes. The price action that takes place is due to the stop loss, buy or sell orders of other traders that are often located there. From a purely technical point of view, the fundamental messages also play an important role. That's why what Davit keeps saying is very important. Everyone should know the news calendar for the coming week with the most important events.
the highest point comes before the fall
  • #37,177
  • Edited 6:25am May 18, 2020 6:02am | Edited 6:25am
Took a short term trade on a GU bounce this morning.

Trade reason: Reaction on the S38 couple with PA breakout to the upside and pullback.
Close reason: Against prevailing bearish trend. Wanted to be in & out.

Attached Image (click to enlarge)
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Happy pip making peeps.

Ben
  • #37,178
  • May 18, 2020 6:54am May 18, 2020 6:54am
Watching UC , currently at WPP , this pair has had some wild swings lately.
Be careful , it's your trade , your decision.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #37,179
  • May 18, 2020 7:40am May 18, 2020 7:40am
Quoting esk1mooo
Took a short term trade on a GU bounce this morning. Trade reason: Reaction on the S38 couple with PA breakout to the upside and pullback. Close reason: Against prevailing bearish trend. Wanted to be in & out. {image} Happy pip making peeps. Ben
Should have held to PP or at least ADR reached. I took NU long waiting on PP which sits right on .60000 already up over 350 pips. Powel badmouthed the economy.
Invest in Life
  • #37,180
  • May 18, 2020 7:47am May 18, 2020 7:47am
Yes, this is something I really need to fix in my trading, holding on longer to winners. In general I think my personality is tailored towards quick gains, I regularly have bigger TPs on initially but end up taking the profit that's on the table, rather than holding. Perhaps because i've been burnt in the past too many times i've changed my physc to take it when it's available. Not sure :-)

Ben
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