Attachments: Pivot Trading

Pivot Trading

#38,021
Jan 19, 2021 8:07am Jan 19, 2021 8:07am

Pivoter
Joined Jan 2020 | Status: Trader | 512 Posts

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the highest point comes before the fall

#38,022
Jan 19, 2021 12:07pm Jan 19, 2021 12:07pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

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 4:19pm Jan 19, 2021 4:19pm

DiamondMiner
Joined Jun 2018 | Status: Trader | 866 Posts

Quoting DiamondMiner

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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

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Mark Douglas was my greatest mentor

Attached File(s)

Trading in the Zone (1).pdf 339 KB | 3,546 downloads

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 9:11am Jan 20, 2021 9:11am

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now

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We obey the structure that results from the market's reaction

#38,025
Jan 20, 2021 11:34am Jan 20, 2021 11:34am

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now

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We obey the structure that results from the market's reaction

#38,026
Jan 21, 2021 12:17pm Jan 21, 2021 12:17pm

Wesleyaso
Joined May 2012 | Status: Trader | 145 Posts

EUR/AUD .
CLOSED ...

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"The freedom of the other extends mine to infinity"

#38,027
Jan 21, 2021 1:25pm Jan 21, 2021 1:25pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting Wesleyaso

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EUR/AUD . CLOSED ...{image}

Ignored

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 1:32pm Jan 21, 2021 1:32pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting Egbert

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{image}

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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 1:34pm Jan 21, 2021 1:34pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting Pivoter

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{image}

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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 1:46pm Jan 21, 2021 1:46pm

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now

Quoting Davit

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{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!

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There you go.

Attached File(s)

Pivot Davit.tpl 52 KB | 1,152 downloads

TMS_Angleator.ex4 72 KB | 1,267 downloads

We obey the structure that results from the market's reaction

#38,031
Jan 21, 2021 1:47pm Jan 21, 2021 1:47pm

fribes
| Joined Dec 2013 | Status: Trader | 31 Posts

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 1:53pm Jan 21, 2021 1:53pm

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now

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We obey the structure that results from the market's reaction

#38,033
Jan 21, 2021 1:57pm Jan 21, 2021 1:57pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting fribes

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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...

Ignored

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 2:03pm Jan 21, 2021 2:03pm

fribes
| Joined Dec 2013 | Status: Trader | 31 Posts

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 2:34pm Jan 21, 2021 2:34pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting fribes

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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.

Ignored

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 10:54pm Jan 21, 2021 10:03pm | Edited 10:54pm

fribes
| Joined Dec 2013 | Status: Trader | 31 Posts

- 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 10:56pm Jan 21, 2021 10:56pm