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Pivot Scalping with DrForexMD

  • #101
  • Nov 16, 2020 1:33pm Nov 16, 2020 1:33pm
I started selling AU and NU small.
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  • #102
  • Nov 16, 2020 1:43pm Nov 16, 2020 1:43pm
Quoting DrForexMD
Hey Pivoters, Speeches from the RBA early this morning (EST) resulted in AUD being sold off due to Dovish overall due to pandemic effects on the economy. This was good as most AUD where OB so a great setup to short. Red News this week will be dampened or negatively effected by the new soaring cases of Covid-16 pandemic infections and deaths throughout the world economy. So, my focus is taking shorts in OB Pairs with good PA momentum. Tuesday USD Red News should push the currencies to scalp again. {image} Best of luck - Stay Green and Stay Safe !...

Yes there's definitely a need for motivation out there, patience is what it takes, I regularly say to myself, just walk away from the screen and go weed the garden.

Works well for me.

Don
  • #103
  • Nov 16, 2020 1:55pm Nov 16, 2020 1:55pm
Quoting DrForexMD
{quote} Hi Coffeebuff, I guess this issue is about your Broker Forex, because that Indicator has worked on Oanda, IG, Forex and now my FxChoice Demo account. It is not an Expert EA but an Indicator, But, please do not worry as it is only a tool nto bring attention to the most active Pairs. It is just a tool. The most important are the Fib Indicators for levels, PA and the Momentum. Also, your TP with using a soft SL or no SL so not to be SL Hunted. Regards, DJ
I'm using IG, I believe I have found the issue, when I open that indicator, it only has an X and Y loaded in the inputs and nothing on the colour options, I down loaded the various zip files your have posted and checked the internals of this indicator on them all, they all have the same issue.

i know, I can trade with out it, I'm just being pedantic.

Don
  • #104
  • Nov 16, 2020 11:38pm Nov 16, 2020 11:38pm
scalping means your enteries have to be very accurate,i can see your entries are not that proficient,goodluck!
  • #105
  • Nov 17, 2020 5:38am Nov 17, 2020 5:38am
Quoting T4Trade
scalping means your enteries have to be very accurate,i can see your entries are not that proficient,goodluck!
I agree, you are swing trading on the 1H chart still, this is not scalping as you have positions open over hours, even when market is going against you.
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  • #106
  • Nov 17, 2020 6:37am Nov 17, 2020 6:37am
I think it would be a more accurate definition for the method we apply to say gradual pivot trading instead of scalp. Whatever the name is, I liked this method.
  • #107
  • Nov 17, 2020 8:22am Nov 17, 2020 8:22am
Dr Forex,

Thank you for starting the thread. I know Davit is over FF so hopefully some of the other GOOD pivot traders will migrate here. I will post set ups in the future.

Cheers!
"Not all those who wander are lost." - Tolken
  • #108
  • Nov 17, 2020 8:35am Nov 17, 2020 8:35am
Gbp/Cad looks interesting to me - I noticed R61 posted on the other pivot thread that N/C was worth taking a look at too.
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  • #109
  • Nov 17, 2020 8:52am Nov 17, 2020 8:52am
[quote = shotshell; 13267932] Gbp / Cad bana ilginç görünüyor - N / C'nin de bakmaya değer olduğu diğer pivot iş parçacığında R61'in yayınlandığını fark ettim. {image} [/ alıntı]



I have been following the open price of my transactions for 1 week. very long transactions. If the sale is closed but my margin is opened
I have been following the open price of my transactions for 1 week. very long transactions. If the sale is closed but my margin is opened
  • #110
  • Nov 17, 2020 10:26am Nov 17, 2020 10:26am
Quoting HRTrading
{quote} I agree, you are swing trading on the 1H chart still, this is not scalping as you have positions open over hours, even when market is going against you. {image}
Hello HRTrading,

I use the H4 and H1 to look at the overall direction from the S/R 61-100 Fib% Levels awaiting for exhaustion and swing of a currency. Then, I hone down to the M15 to M30 to Scalp with very small lots of 0.03 at a TP target of 5 Pips.

Just my approach which I believe is c/w scalping using Pivot Levels.

Thank you for your input !

Best Regards,
-DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #111
  • Nov 17, 2020 10:29am Nov 17, 2020 10:29am
Quoting OpenRoads
Dr Forex, Thank you for starting the thread. I know Davit is over FF so hopefully some of the other GOOD pivot traders will migrate here. I will post set ups in the future. Cheers!
Thank you OpenRoads ... I look forward to your future Posts!

Regards,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #112
  • Nov 17, 2020 10:39am Nov 17, 2020 10:39am
Quoting shotshell
Gbp/Cad looks interesting to me - I noticed R61 posted on the other pivot thread that N/C was worth taking a look at too. {image}
Hey shotshell,

I took a short trade after you pointing to this pair:

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It is very active and actually my TP was closed 5 seconds after this Post...nice set-up !

Thanks for your Post !

Regards,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #113
  • Nov 17, 2020 11:23am Nov 17, 2020 11:23am
Quoting Zuzu29
[quote = shotshell; 13267932] Gbp / Cad bana ilginç görünüyor - N / C'nin de bakmaya değer olduğu diğer pivot iş parçacığında R61'in yayınlandığını fark ettim. {image} [/ alıntı] I have been following the open price of my transactions for 1 week. very long transactions. If the sale is closed but my margin is opened I have been following the open price of my transactions for 1 week. very long transactions. If the sale is closed but my margin is opened
Hi Zuzu29,

What do you mean? Did you take a trade on GC or couldn't because of a large Margin on your account and low Margin % ?

Regards,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #114
  • Edited 2:28pm Nov 17, 2020 1:43pm | Edited 2:28pm
Tuesday November 17. 2020 - EST 1435:

Quiet now with many Pairs Consolidating and Trending before a future Breakout with major economic-geopolitical News - there is Red AUD News coming up in 2 hrs. and 25 minutes.

Here are my new baseline Charts:

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Stay Green and Stay Safe !
Regards,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #115
  • Nov 17, 2020 2:06pm Nov 17, 2020 2:06pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #116
  • Nov 17, 2020 2:24pm Nov 17, 2020 2:24pm
Attachment g
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #117
  • Nov 17, 2020 2:42pm Nov 17, 2020 2:42pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #118
  • Edited 4:11pm Nov 17, 2020 3:45pm | Edited 4:11pm
Hello Pivoters,

So far, my P/L this month so far is 5.90 %:


The Goal is 10 to 20% Monthly Profit !

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Finally, the Goal for a solid Stats to follow are:

Trades = 73 (Ideally > 10)
Profit = $75.49
Total Win = 91.53 % (Ideally >= 60%)
PF = 4.05 (Ideally >1.5=to 2.0 %)
DD = 0.75 % (Ideally <= 20.0 %)

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My FxBlue Stats:

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My Best Regards,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #119
  • Nov 17, 2020 4:15pm Nov 17, 2020 4:15pm
good mate
for your method use millionare expert to enhance results
for example you enter euraud with 0.03 lot
make it three orders with 0.01 lot/each, seprataed by 37 pips for example
in this case you absorb as much as of market anger, better entry average price, farther SL,
etc...

use your won method but using MExpert,

Just a recommendation
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #120
  • Nov 17, 2020 4:22pm Nov 17, 2020 4:22pm
ARE the AU and NU. going to be a healthy shorts and take various crosses with them ??????, good day to be at my screens, a thunder storm outside

DJN
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