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Pivot Trading

  • #38,581
  • Jun 8, 2021 4:14pm Jun 8, 2021 4:14pm
Quoting Wags
I like the look of this for an overnight trade, i will be looking to TP at 200 ema or pivot if PA looks like reaching This is purely price action as i said before i need to learn more about the fundamental side of trading Also i started out with just £50 pounds account so its been really difficult watching setups and letting them go by but i am now upto £150 so if i can reach £500 then i can have more options {image}
As a suggestion, you may want to take a look at EN (inverse of NF).
You trade EUR with less risk and costs. Optimize your trading.

Also, we don't have much going on for NZD or CHF this week that may cause some volatility.
But for EUR yes, and we may take advantage of.
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Cheers!
"In the end you only trade yourself."
  • #38,582
  • Jun 8, 2021 4:28pm Jun 8, 2021 4:28pm
Quoting R61
{quote} As a suggestion, you may want to take a look at EN (inverse of NF). You trade EUR with less risk and costs. Optimize your trading. Also, we don't have much going on for NZD or CHF this week that may cause some volatility. But for EUR yes, and we may take advantage of. {image} Cheers!

Thank you, i see your point

So you would not take the trade based on "what is going to move it"

Now i see why many times i am stuck in stalemate
  • #38,583
  • Jun 8, 2021 5:51pm Jun 8, 2021 5:51pm
Quoting R61
Closed 1st batch on AU + 127 I was waiting to AU break lower but for now is just in a trading range. So I take the money from the table and wait to reload again. {image}Big news for CAD tomorrow!
Nice catch R61. I sold AUD in EA somehow similar to yours. Sorry I cannot post the chart because I had to transfer my account and this one doesn't support MT4 so from now on I analyze in MT4 and take real positions in another platform.
Best Regards
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  • #38,584
  • Jun 9, 2021 2:05pm Jun 9, 2021 2:05pm
Closed 2nd batch on AU +113
Some positions are early entries and smaller ones, but happy with the gain.
Attached Image

Loading some shorts on EN.
We will get some action tomorrow for EUR.
"In the end you only trade yourself."
  • #38,585
  • Jun 10, 2021 6:42am Jun 10, 2021 6:42am
Quoting R61
Closed 2nd batch on AU +113 Some positions are early entries and smaller ones, but happy with the gain. {image} Loading some shorts on EN. We will get some action tomorrow for EUR.
Closed EN + 315
TP got hit during overnight here.
Attached Image
No open trades for now. Just waiting.
"In the end you only trade yourself."
  • #38,586
  • Jun 10, 2021 2:32pm Jun 10, 2021 2:32pm
I've been watching AC for a while I think a potential A+ is going to form... Let's see what happens
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  • #38,587
  • Jun 10, 2021 3:04pm Jun 10, 2021 3:04pm
Quoting ebitalebi
I've been watching AC for a while I think a potential A+ is going to form... Let's see what happens {image}
Just an observation
Since CAD is severely overbought cross the board you only want to go long on AC on drops.Don't short AC
Same way I dont short UC only longs in fact all my CAD pairs are against the CAD and it will be until CAD finds equilibrium among other pairs.
Certain pairs I trade one way only until I feel comfortable otherwise. Another Example EU I only short this pair now.
Hope this helps

Result of this week selling CAD mostly demonstrating result of what I am saying.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #38,588
  • Jun 10, 2021 3:41pm Jun 10, 2021 3:41pm
Quoting Davit
{quote} Just an observation Since CAD is severely overbought cross the board you only want to go long on AC on drops.Don't short AC Same way I dont short UC only longs in fact all my CAD pairs are against the CAD and it will be until CAD finds equilibrium among other pairs. Certain pairs I trade one way only until I feel comfortable otherwise. Another Example EU I only short this pair now. Hope this helps Result of this week selling CAD mostly demonstrating result of what I am saying. {image}
Thanks a lot. Now I see how shallow and simplistic my understanding is compared to yours. I try to add that to my analysis. Honestly my mind is overloaded now because I've been trying to learn fundamental analysis and it's really frustrating.

Getting such comments and feedbacks is only available through VIP paid personal training programs.
I really thank you for all the invaluable things you have done.
Best regards
  • #38,589
  • Jun 10, 2021 5:01pm Jun 10, 2021 5:01pm
Hey Pivoteers,
Here is the October 2996 summary of Post by Davit:

Attached File(s)
File Type: pdf Pivot Trading by Davit October 2016 Pgs - 48.pdf   905 KB | 574 downloads
Cheers.
John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #38,590
  • Edited 8:35pm Jun 10, 2021 5:33pm | Edited 8:35pm
  •  Ekim7
  • | Joined Nov 2019 | Status: Having the time of my life | 70 Posts
Quoting Davit
{quote} Just an observation Since CAD is severely overbought cross the board you only want to go long on AC on drops.Don't short AC Same way I dont short UC only longs in fact all my CAD pairs are against the CAD and it will be until CAD finds equilibrium among other pairs. Certain pairs I trade one way only until I feel comfortable otherwise. Another Example EU I only short this pair now. Hope this helps Result of this week selling CAD mostly demonstrating result of what I am saying. {image}
Attached Image

Hey Davit, Glad to see you posting again! Here's my week so far...

I've still been bullish on CDN pairs due to WTI increases. Even after Iran sanctions were removed today it still feels like demand for oil will be high since the world is getting back to normal- slowly. WTI seems to be struggling around 70 atm. I'd be interested to know your thoughts on trending WTI vs overbought CDN if that's alright. (Or anyone else's thoughts/opinions)

Thanks again
You should really listen to what Davit says
  • #38,591
  • Jun 10, 2021 5:39pm Jun 10, 2021 5:39pm
Quoting Davit
{quote} Just an observation Since CAD is severely overbought cross the board you only want to go long on AC on drops.Don't short AC Same way I dont short UC only longs in fact all my CAD pairs are against the CAD and it will be until CAD finds equilibrium among other pairs. Certain pairs I trade one way only until I feel comfortable otherwise. Another Example EU I only short this pair now. Hope this helps Result of this week selling CAD mostly demonstrating result of what I am saying. {image}
Davit that is very valuable information for all those who learn, it opens our eyes, thank you
the highest point comes before the fall
  • #38,592
  • Jun 11, 2021 7:18am Jun 11, 2021 7:18am
Hi, Pivoteers. As I continue my studying an interesting concept is forming in my mind. I like to share it here. I don't know it's true but the more I absorb knowledge the more convincing the concept is becoming. From the little knowledge I've absorbed so far I've come to the conclusion that all we do as traders is finding anomalies and trying to position ourselves towards the norm or equilibrium. The interesting point is that we do it in all kinds of analysis technical or fundamental. Anything which is far from normal can be considered as an opportunity because nature is somehow likes it. It hates chaos and whenever something is going out of the boundaries of normal behavior forces of nature push it back.
If the price goes far from the pivot it comes back
If the price goes more than its average ADR it comes back
If the inflation, unemployment, growth are far from the average rates something will happen soon to get them back to normal
Everything is about being normal and evading chaos.
I'm fascinated by the accuracy of Fibonacci numbers. I know the relationship between these numbers and price reversals is considered as correlation but something is telling me that what if the relationship is cause and effect. I know it sounds silly and there are lots of fundamental factors behind the price but what if the world is made in a way that these factors happen at certain times. Fibonacci numbers seem random but evidence shows otherwise but why are a set of numbers highly correlated to certain behaviors?
  • #38,593
  • Jun 11, 2021 8:59am Jun 11, 2021 8:59am
GU short
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  • #38,594
  • Jun 11, 2021 9:23am Jun 11, 2021 9:23am
Nice Catch of this week.
S-XAU
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S-GU
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Trade Report for this week.
Remain open AC
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #38,595
  • Jun 11, 2021 11:44am Jun 11, 2021 11:44am
Great week gain of 31%

My hard work is paying off.No free lunch.You got to do your homework.
Watch AN 800 is strong psychological level.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #38,596
  • Jun 11, 2021 1:40pm Jun 11, 2021 1:40pm
Quoting Davit
Great week gain of 31% My hard work is paying off.No free lunch.You got to do your homework. Watch AN 800 is strong psychological level. {image}

Nice work Davit

What would you say your overall average pip count per individual trade is from this strategy, just a rough estimate
  • #38,597
  • Jun 11, 2021 2:18pm Jun 11, 2021 2:18pm
Quoting Wags
{quote} Nice work Davit What would you say your overall average pip count per individual trade is from this strategy, just a rough estimate
Thanks
I used to hold trades longer 50-70pips average but market has changed as you noticed its ranging in small waves so I get out 20-30 pips at times 15pips then get right back on dips and rallies on same pairs example UC I've been buying it just about every-time it dropped below 21
We must adapt to new conditions what was 2yrs ago its no longer valid.Market changes and must change with it.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #38,598
  • Jun 11, 2021 2:28pm Jun 11, 2021 2:28pm
Quoting Davit
{quote} Thanks I used to hold trades longer 50-70pips average but market has changed as you noticed its ranging in small waves so I get out 20-30 pips at times 15pips then get right back on dips and rallies on same pairs example UC I've been buying it just about every-time it dropped below 21 We must adapt to new conditions what was 2yrs ago its no longer valid.Market changes and must change with it. Regards

Thats what i thought, i noticed you are closing trades earlier than a while back

I also have had the best results and also least drawdown when closing trades around the 15-20 pip range in the last 6 months, my main losses are when i think i see others holding trades for longer periods of time so i think i should be doing the same

Now for a glass of red and watching the football

Have a good weekend
  • #38,599
  • Jun 11, 2021 2:40pm Jun 11, 2021 2:40pm
Quoting Wags
{quote} Thats what i thought, i noticed you are closing trades earlier than a while back I also have had the best results and also least drawdown when closing trades around the 15-20 pip range in the last 6 months, my main losses are when i think i see others holding trades for longer periods of time so i think i should be doing the same Now for a glass of red and watching the football Have a good weekend
There is more to it and I covered this here many times.
Its not about how many pips but size of the position. When I think its not going to move much I increase position size so 10pips at 3lots example is roughly 550 dollars but if I am shooting longer pips I reduce position to 2lots or less.Idea is aiming certain number irregardless of pip distance.
Hope this helps why to me its pointless how long you hold.Its the weight of the position that counts.
In trading, you have to be defensive and aggressive at the same time
  • #38,600
  • Jun 11, 2021 2:46pm Jun 11, 2021 2:46pm
Quoting Davit
{quote} There is more to it and I covered this here many times. Its not about how many pips but size of the position. When I think its not going to move much I increase position size so 10pips at 3lots example is roughly 550 dollars but if I am shooting longer pips I reduce position to 2lots or less.Idea is aiming certain number irregardless of pip distance. Hope this helps why to me its pointless how long you hold.Its the weight of the position that counts.

Ok , I completely understand what you have said, thanks for the advice
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