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Pivot Trading

Done for the week!
My focus on this week was in the NZD pairs.
I was expecting some depreciation after the rate statement given by RBNZ on Tues, didn't work as I supposed, but still got profit.
Attached Image

I am trying only picking up A + trades, with that in mind, I can increase my lot size but not looking for a lot of pips...

Results so far this month.
Attached Image

No open trades.
Next week I am going to focus on AUD and CAD pairs mainly, let's see how this work.
"In the end you only trade yourself."
Quoting NLtrader
Maybe a stupid Question But i want to know the % ADR over how many days is it calculated ... 5 or 10 or 20 days when i calculate it its not exact one of these days.. I mean the indicator on davits Template. or is it a percentage over more days? Have Green pips All ;-)

Quoting DrForexMD
{quote} GM NLtrader, This question was brought up years ago here in the early days of this Pivot Thread. No one could figure it out (including Davit) and the other high impact traders here at the time. I was trying to calculate it myself with no real accurate formula hoping to "save the day" ! No one here could get to the author(s) of the Indicator as well. Davit at the time, explained his old standard approach by outlining the H and L of the Week TF and draw a line through the middle making it the Fib 50%. Then, just go to the lower TFs to calculate...
there are several different calculations by different traders.

the calculation in Davit template post #1 and Post#2 chart is as follows:

the average ADRavg is the sum (ADR1+ADR5+ADR10+ADR20) divide by 4.

the ADR% is the current Today ADR divided by the ADRavg

there will some discrepancy because some brokers have the Sunday New York candle and this is usually very small. some indicator has the options to exclude the Sunday candle.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Thanks a lot for your very good explanation, and yeps the Sunday candle by some brokers can change it also, but many thanks for your time Emmanuel ;-)
Quoting emmanuel7788
{quote} {quote} there are several different calculations by different traders. the calculation in Davit template post #1 and Post#2 chart is as follows: the average ADRavg is the sum (ADR1+ADR5+ADR10+ADR20) divide by 4. the ADR% is the current Today ADR divided by the ADRavg there will some discrepancy because some brokers have the Sunday New York candle and this is usually very small. some indicator has the options to exclude the Sunday candle. {image}
Hey emmanuel7788,

Thanks so much ! One less mystery in my life !

Regards,
John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
Quoting DrForexMD
{quote} Hey emmanuel7788, Thanks so much ! One less mystery in my life ! Regards, John



do you have another mystery for me to try solve?

kind regards,
Emm
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} do you have another mystery for me to try solve? kind regards, Emm
Yes emm,

Where can I find The Fountain of Youth ? I suspect, if you can solve that mystery,
we could bottle it and make more money selling it online than on trading Forex !

LOL...

Regards,
-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
FIBO is an endless series of added/devided ones!
Attached Image
Be yourself
Quoting R61
Done for the week! My focus on this week was in the NZD pairs. I was expecting some depreciation after the rate statement given by RBNZ on Tues, didn't work as I supposed, but still got profit. {image} I am trying only picking up A + trades, with that in mind, I can increase my lot size but not looking for a lot of pips... Results so far this month. {image} No open...
Loaded a few shorts on NC around R38 zone.
Notice that tried to break a few times but didn't succeed.
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Also loaded shorts on NU, AU.
Tracking EC, GC for shorts.
"In the end you only trade yourself."
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May the Force be with you.
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Click to Enlarge Name: NZDUSDM30.png Size: 42 KB
Nothing is impossible - IHS
Quoting R61
{quote} Loaded a few shorts on NC around R38 zone. Notice that tried to break a few times but didn't succeed. {image} Also loaded shorts on NU, AU. Tracking EC, GC for shorts.
Nice,

Sell the tops....
Nothing is impossible - IHS
Tomorrow or the day after tomorrow maybe I will buy EG if things work out. There will be a lot of news around GBP, and it looks positive. Also a trade deal between the UK and Europe is in the making (the next two weeks)

The blue line in my chart is next months S38 pivot (monthly), it looks like a strong resistance line. Let's see how things will go

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May the Force be with you.
Quoting Josti
Tomorrow or the day after tomorrow maybe I will buy EG if things work out. There will be a lot of news around GBP, and it looks positive. Also a trade deal between the UK and Europe is in the making (the next two weeks) The blue line in my chart is next months S38 pivot (monthly), it looks like a strong resistance line. Let's see how things will go {image}
Thank you Josti for the heads-up on EG fundamentals !

Regards. DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
Quoting DrForexMD
{quote} Thank you Josti for the heads-up on EG fundamentals ! Regards. DJ
I think the UK cannot do without Europe at the moment. The RCEP has recently been ratified in Asia. The UK is very alone in the world when it comes to trading with a NO-BREXIT deal. And that is not good for the GBP.

Fishing rights in the North Sea is a tricky issue between the UK and France, Belgium and the Netherlands. https://www.forexlive.com/news/!/uk-...talks-20201117

May the Force be with you.
I've loaded up on GC
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Quoting R61
{quote} Loaded a few shorts on NC around R38 zone. Notice that tried to break a few times but didn't succeed. {image} Also loaded shorts on NU, AU. Tracking EC, GC for shorts.
Closed this batch on NC yesterday with good profit and moved to GC shorts.
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With some DD on NU shorts.
Looking to reload shorts on NC again.
"In the end you only trade yourself."
I'm also long AN for the AUS employment data later
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Quoting R61
{quote} Closed this batch on NC yesterday with good profit and moved to GC shorts. {image} With some DD on NU shorts. Looking to reload shorts on NC again.
Closed this batch on GC with nice profits and switched again to NC shorts.
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Watching to reload shorts on GC again.
"In the end you only trade yourself."
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May the Force be with you.
  • Post #37,880
  • Quote
  • Edited Nov 20, 2020 4:43am Nov 19, 2020 11:26am | Edited Nov 20, 2020 4:43am
Quoting Josti
{image}
Hey Josti,

You and the other active Pivot Posters here are really SUPERSTARS !

Davit would be proud - both what you all are doing on his (and yours) Pivot Trading Forum - as well as, his major contributions as a renowned International Professional Forex Trader and selfless teacher !

Thanks for keeping this Number #1 FF Forum going !

Cheers all and Stay Safe,

DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
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