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  • #121
  • Sep 8, 2020 6:29am Sep 8, 2020 6:29am
Hi Max,

Having used the tools you have provided for a few days now on indices and forex, it feels to me that indices and equities respond faily well to the pivots. Forex and commodities (esp liquid ones like gold and silver) not so smooth and in fact they have a tendency to whipsaw around a pivot before taking off in either direction. However on the flipside i observe that once these prices take off, they have higher momentum than the indices and equities.

Am I correct in this observation? Your guidance is much appreciated..
  • #122
  • Sep 8, 2020 6:47am Sep 8, 2020 6:47am
Quoting goldfish3
{quote} TP1 hit for 50% rest lower above yday lows Edit: EU still hanging on. stop below today low. {image}
closed rest on DAX

total 50% +120 and 50% +55
  • #123
  • Sep 8, 2020 6:54am Sep 8, 2020 6:54am
Quoting goldfish3
{quote} closed rest on DAX total 50% +120 and 50% +55
excellent well done
  • #124
  • Sep 8, 2020 7:03am Sep 8, 2020 7:03am
Quoting goldfish3
Hi Max, Having used the tools you have provided for a few days now on indices and forex, it feels to me that indices and equities respond faily well to the pivots. Forex and commodities (esp liquid ones like gold and silver) not so smooth and in fact they have a tendency to whipsaw around a pivot before taking off in either direction. However on the flipside i observe that once these prices take off, they have higher momentum than the indices and equities. Am I correct in this observation? Your guidance is much appreciated..
The markets continually adjust, for a while now I would say that FX has quite of low range which drives lack of momentum and therefore noise and overlap. Your long EU trade this morning I wouldn't have taken because it was right in the noise zone and D-PP sat on top of your long entry area only a handful of pips away. being selective on entries will give the best results, not every trade should be taken, avoid the noise, and exit when wrong
  • #125
  • Sep 8, 2020 7:34am Sep 8, 2020 7:34am
Quoting MaxDoom
{quote} The markets continually adjust, for a while now I would say that FX has quite of low range which drives lack of momentum and therefore noise and overlap. Your long EU trade this morning I wouldn't have taken because it was right in the noise zone and D-PP sat on top of your long entry area only a handful of pips away. being selective on entries will give the best results, not every trade should be taken, avoid the noise, and exit when wrong
Perfectly understood. Exit when wrong being the key phrase.

Lesson learnt on EU today. thank you.
  • #126
  • Edited 10:08am Sep 8, 2020 8:37am | Edited 10:08am
DAX - Long Trade

Long off D-Lo and timed after NY Open

EDIT: 50% Closed @ D-S1 +69
EDIT: SL on remaining now moved to +40
EDIT: Remainder closed +90 as it retraced for D-S1

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 20-09-08 C.png Size: 39 KB


Find out more about trading with Pivot Prof follow this link ► Pivot Prof - Trading An Edge
  • #127
  • Edited 9:43am Sep 8, 2020 9:24am | Edited 9:43am
Small position practice. long of m15 retest Ds1 DAX

Edit: stopped at BE
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 396 KB
  • #128
  • Sep 8, 2020 10:03am Sep 8, 2020 10:03am
Quoting goldfish3
Small position practice. long of m15 retest Ds1 DAX Edit: stopped at BE {image}
That was the right thing to do imo, the price had moved to over +30 for you so no point letting it ride to negative territory
  • #129
  • Edited 10:22am Sep 8, 2020 10:06am | Edited 10:22am
DAX - Long off D-S1 retest

EDIT: 50% closed +28 SL to BE

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 20-09-08 D.png Size: 36 KB


Find out more about trading with Pivot Prof follow this link ► Pivot Prof - Trading An Edge
  • #130
  • Sep 8, 2020 10:14am Sep 8, 2020 10:14am
Quoting MaxDoom
{quote} That was the right thing to do imo, the price had moved to over +30 for you so no point letting it ride to negative territory
Understood. I put the stop in BE quick for that particular reason.
  • #131
  • Sep 8, 2020 10:28am Sep 8, 2020 10:28am
Crude WTI

Simple D-PP breakdown today could have netted +231 points
Attached Image (click to enlarge)
Click to Enlarge Name: WTI 20-09-08 A.png Size: 36 KB
  • #132
  • Edited 2:59am Sep 9, 2020 2:18am | Edited 2:59am
DAX - Long above D-PP

You had to be quick for this one, plenty of momentum.

EDIT: 50% closed at W-PP +62
EDIT: remainder closed+68
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 20-09-09 A.png Size: 35 KB


Find out more about trading with Pivot Prof follow this link ► Pivot Prof - Trading An Edge
  • #133
  • Sep 9, 2020 2:24am Sep 9, 2020 2:24am
On it
Attached Image (click to enlarge)
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  • #134
  • Edited 2:59am Sep 9, 2020 2:42am | Edited 2:59am
every day using pivot usually how may times could you find entry for DE30 , GU and EU?
The way literature describe pivot trading tactic I would have only one chance each session, in the first 15 min. If chose LO and NY I would have two chances is it so?

Or you would stay on course, buy more with every pullback.

What else you use with pivot to assist your trading? Considered that STOCH is still giving later signal compare with pivot levels? divergence? what kind of divergen from volume, from MCD from RSI or just your gut?

I use camarilla pivot as there are more steps, cover wider range, and smaller step spacing so easier to monitor and to secure profit. Which do you use?

DAX market is from 8:00 CET but with IC Market demo you can trade 24/24 is that odd?
  • #135
  • Edited 3:20am Sep 9, 2020 2:45am | Edited 3:20am
Crude - WTI Long above D-Open

EDIT: closed 50% at D-PP +49
EDIT: remainder closed +48

Attached Image (click to enlarge)
Click to Enlarge Name: WTI 20-09-09 A.png Size: 36 KB

Find out more about trading with Pivot Prof follow this link ► Pivot Prof - Trading An Edge
  • #136
  • Edited 3:10am Sep 9, 2020 2:53am | Edited 3:10am
Quoting ntk
every day using pivot usually how may times could you find entry for DE30 , GU and EU? The way literature describe pivot trading tactic I would have only one chance each session, in the first 15 min. If chose LO and NY I would have two chances is it so? I use camerilla pivot as there are more steps, cover wider range, and smaller step spacing so easier to monitor and to secure profit. Which do you use? DAX market is from 8:00 CET but with IC Market demo you can trade 24/24 is that odd?
Entries will vary from day to day depending on the price action, no way to predict that.

I don't know what literature you are reading so cannot comment, but sounds like an artificial limit to me.

Opportunity is driven by Price action, market hours and levels. Trading outside core hours will result in more erratic results.

Most people use Standard pivots, the very fact that most use them make them more reliable imo.

You cannot physically trade the DAX as it is an index, so you have to trade a derivative like a CFD, Future etc. most derivatives that you are likely to encounter will be CFD of an underlying futures contract. Most futures are available for 20+ hours a day - but that does not mean you should trade them at all hours
  • #137
  • Sep 9, 2020 3:21am Sep 9, 2020 3:21am
Good God. Pc got updated and now MT5 acting up. going to reinstall everything and sort out compatibility etc.
  • #138
  • Sep 9, 2020 3:31am Sep 9, 2020 3:31am
Quoting goldfish3
Good God. Pc got updated and now MT5 acting up. going to reinstall everything and sort out compatibility etc.
  • #139
  • Sep 9, 2020 3:36am Sep 9, 2020 3:36am
Hi Max
I am glad that you have opened a new thread and what's more with the tool you use .
I will definitely be watching and have to use your tool
  • #140
  • Sep 9, 2020 3:42am Sep 9, 2020 3:42am
Quoting fxmajsterek
Hi Max I am glad that you have opened a new thread and what's more with the tool you use . I will definitely be watching and have to use your tool
nice of you to say chap
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