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Pivot Trading

  • #38,021
  • Jan 19, 2021 6:07am Jan 19, 2021 6:07am
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the highest point comes before the fall
  • #38,022
  • Jan 19, 2021 10:07am Jan 19, 2021 10:07am
Example of easy trade today.
ADR Pivot providing resistance.Easy $$
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In trading, you have to be defensive and aggressive at the same time
  • #38,023
  • Jan 19, 2021 2:19pm Jan 19, 2021 2:19pm
Quoting DiamondMiner
Enjoy the Weekend Reading Mark Douglas'es last book, The Definitive Guide to Mastering the Psychology of Trading In my opinion Mark Douglas was one of the greats to make the awareness and importance of the psychology of the trade known. 3687699{image} "It is with great sadness that we have to inform you that Mark Douglas passed away suddenly," We've learned that Mark died in the evening on September 12 at his home in Scottsdale Arizone.Sep 15, 2015
Mark Douglas was my greatest mentor
Attached File(s)
File Type: pdf Trading in the Zone (1).pdf   339 KB | 3,601 downloads
File Type: pdf The Definitive Guide to Mastering the Psychology of Trading by Mark Douglas (1).pdf   2.0 MB | 2,096 downloads
You NEVER will be the person you could be, without pressure & discipline
  • #38,024
  • Jan 20, 2021 7:11am Jan 20, 2021 7:11am
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We obey the structure that results from the market's reaction
  • #38,025
  • Jan 20, 2021 9:34am Jan 20, 2021 9:34am
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We obey the structure that results from the market's reaction
  • #38,026
  • Jan 21, 2021 10:17am Jan 21, 2021 10:17am
EUR/AUD .
CLOSED ...
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"The freedom of the other extends mine to infinity"
  • #38,027
  • Jan 21, 2021 11:25am Jan 21, 2021 11:25am
Quoting Wesleyaso
EUR/AUD . CLOSED ...{image}
Hit this today a lot.

Took 44 trades today all hit profit. Not showing off just showing what's possible Trading pivots.Keep it up
Dont look for home runs.Small moves repeated over and over piles up quick.Sometimes like today there were no big moves then you adapt to order flow of the market.
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In trading, you have to be defensive and aggressive at the same time
  • #38,028
  • Jan 21, 2021 11:32am Jan 21, 2021 11:32am
Quoting Egbert
{image}
Egbert you are doing super! Great job!

I like your chart want to ask if you can share your modified angelator indi and template that would be great.Thank you!
In trading, you have to be defensive and aggressive at the same time
  • #38,029
  • Jan 21, 2021 11:34am Jan 21, 2021 11:34am
Quoting Pivoter
{image}
Just so you know I was not asking posting image of events.Its your analyses and thoughts that matter.Lots of my examples on this thread.
In trading, you have to be defensive and aggressive at the same time
  • #38,030
  • Jan 21, 2021 11:46am Jan 21, 2021 11:46am
Quoting Davit
{quote} Egbert you are doing super! Great job! I like your chart want to ask if you can share your modified angelator indi and template that would be great.Thank you!

There you go.
Attached File(s)
File Type: tpl Pivot Davit.tpl   52 KB | 1,153 downloads
File Type: ex4 TMS_Angleator.ex4   72 KB | 1,268 downloads
We obey the structure that results from the market's reaction
  • #38,031
  • Jan 21, 2021 11:47am Jan 21, 2021 11:47am
Hi Davit and Egbert,

I have been trying to follow the pivot levels along with S/D levels so can enter on small timeframes for high R/R.

Got in AUD/CAD couple times and EUR/NZD too last couple of days.

The market today was fighting and no clear runs especially waiting on ECB, CAD data etc. I was wondering Davit whether you take advantage of these times because i was feeling the EUR/NZD was wanting to run higher but was just going to play about around the S38 until ECB. I was thinking i should be taking advantage of this however i didn't. Just wondered when you have mentioned previously you trade in and out of pivots sometimes. Is it these small swings you take advantage of or do you just load up at the bottom of swings and wait for the break? Image below to explain what i mean.

Also wanted to say sorry for your loss hope your holding up. Our family have been through alot too, stay safe and strong bud.



Bill
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  • #38,032
  • Jan 21, 2021 11:53am Jan 21, 2021 11:53am
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We obey the structure that results from the market's reaction
  • #38,033
  • Jan 21, 2021 11:57am Jan 21, 2021 11:57am
Quoting fribes
Hi Davit and Egbert, I have been trying to follow the pivot levels along with S/D levels so can enter on small timeframes for high R/R. Got in AUD/CAD couple times and EUR/NZD too last couple of days. The market today was fighting and no clear runs especially waiting on ECB, CAD data etc. I was wondering Davit whether you take advantage of these times because i was feeling the EUR/NZD was wanting to run higher but was just going to play about around the S38 until ECB. I was thinking i should be taking advantage of this however i didn't. Just wondered...
Major part of the system is price action.Its hard me explaining everything I do because lot of it is second nature to me and intuitive after 10yrs of trading.
Spend time watching order flow specially around pivots whole numbers and cluster of S/R that are obvious.If price can't break then it retreats.Its simple no need to complicate.I adapt myself to the market in range PA I get in and out and on strong moves stay longer even weeks.Thank you for condolences.
In trading, you have to be defensive and aggressive at the same time
  • #38,034
  • Jan 21, 2021 12:03pm Jan 21, 2021 12:03pm
Thanks Davit, yep makes sense. Noticing many spikes recently been some decent swings.

@egbert yes was looking at the USD/CAD but sometimes i wonder whether it will keep going lower based on the recent meeting/data etc so need to be on the ball and start trading closer to pivot levels. Onto this strategy full time now so looking to try look ahead trade into and out of data events using pivots. Hoping to get some decent early entries.
  • #38,035
  • Jan 21, 2021 12:34pm Jan 21, 2021 12:34pm
Quoting fribes
Thanks Davit, yep makes sense. Noticing many spikes recently been some decent swings. @egbert yes was looking at the USD/CAD but sometimes i wonder whether it will keep going lower based on the recent meeting/data etc so need to be on the ball and start trading closer to pivot levels. Onto this strategy full time now so looking to try look ahead trade into and out of data events using pivots. Hoping to get some decent early entries.
when you see this.Trade it.Its my favorite range market situation. "safest" trades are IMO commodity pairs against eachother. AC NC AN
I made shitload trading this set up. If move is 20-30 pips or less then you increase lot size to compensate smaller moves. 2lots at 20pip move is 40pips on 1lot.Bigger the move smaller relative lot size.Small moves bigger lots.This eliminates the concept that you need 70-100pip moves to make money.You dont.You increase position size on smaller moves hence any day is good day to trade.
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In trading, you have to be defensive and aggressive at the same time
  • #38,036
  • Edited 8:54pm Jan 21, 2021 8:03pm | Edited 8:54pm
- iT'S OK FOUND THESE



Hi Davit, thanks yes been trading that AUD/CAD recently some great moves. Will practice more. I can't seem to find the news indicator you guys use on the MT4 any chance you could point me in right direction. Will share any setups but want to make sure use same template as you guys. I don't seem to have the ADR indicator that shows the lines rather than figures top left and also the news indicator. Everything else is fine.
  • #38,037
  • Jan 21, 2021 8:56pm Jan 21, 2021 8:56pm
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We obey the structure that results from the market's reaction
  • #38,038
  • Jan 21, 2021 10:24pm Jan 21, 2021 10:24pm
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the highest point comes before the fall
  • #38,039
  • Jan 21, 2021 10:45pm Jan 21, 2021 10:45pm
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We obey the structure that results from the market's reaction
  • #38,040
  • Jan 21, 2021 11:13pm Jan 21, 2021 11:13pm
Hello Egbert,

Amazing trading mate you seem to be smashing pivots!!

All the Best,
Bill
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