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Pivot Trading

Quoting Ahmed30
finally i can write in my favorite thread,Thank you Davit. I feel that i need to introduce myself as trader for you guys. Exicuse me if i make some mistakes as English is not my main language. Before i find this great strategy (Pivot Trading) I bought strategy, were it involved with martingale and macd and simple sma. I was profitable for 4 months, My mentor said that you will never have drawdown by this strategy, no matter what price will come back after it reversed and give you profit. my account as retail trader is less than 3kUSD so if i enter...
Welcome
There is lot to cover on this thread read as much as you can.
This is advance trading what looks easy is deceptive.You must learn when to hold when to fold.Don't make 50 loss become 500 loss.Trading in essence is all about money management.Does not matter the system. Systems even best ones can't protect you if you fail to take a loss and bloat it up.
Good luck
In trading, you have to be defensive and aggressive at the same time
Closed GC +202
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EG worth tracking.
"In the end you only trade yourself."
Quoting R61
Closed GC +202 {image}EG worth tracking.
Closed 2nd batch on GC +207
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Edit
I am watching to reload on GC (currently at R78 zone) and/or load on NC (currently at R100 zone).
I like the probabilities.
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"In the end you only trade yourself."
Quoting Davit
{quote} Welcome There is lot to cover on this thread read as much as you can. This is advance trading what looks easy is deceptive.You must learn when to hold when to fold.Don't make 50 loss become 500 loss.Trading in essence is all about money management.Does not matter the system. Systems even best ones can't protect you if you fail to take a loss and bloat it up. Good luck
Yeah I read so many here in your thread still revising and now i am in my 3rd week trading with pivots with decent gains as beginner trader.

i struggle a bit when using many entries like you and other traders here.As i have only 4 entries for each pair to trade and most of time i enter with 2 positions, so maybe am missing something in this topic.

Do you use some sort of expert to manage or to make a lot of trades fast in execution and setting tp and SL ?


thank you davit i hope i will improve by time.
Quoting R61
Closed GC +202 {image}EG worth tracking.
Nice Trades R61,May you share some of closed trades like the GBPCad and other pairs , I really want to see your takeprofits in this week , If you dont mind.


How do you assign your enteries do u put your limit orders manually or do you use script for that.


Regards
Hey guys, I've been watching this thread silently for some time now. It will be a pleasure to post my trades here.
Currently watching R78 in gold!
Life begins at the end of your comfort zone.
EUR has sure been strong this morning.
jpy would be time to correct, just my opinion
the highest point comes before the fall
Quoting Ahmed30
{quote} Nice Trades R61,May you share some of closed trades like the GBPCad and other pairs , I really want to see your takeprofits in this week , If you dont mind. How do you assign your enteries do u put your limit orders manually or do you use script for that. Regards
There's no secret actually, I watch price around certain zones (61-100), even 38 sometimes, then wait for Price Action to enter on a trade. Also taking in consideration the oncome news/events and ADR range.
I manually enter on trades. No scripts.
"In the end you only trade yourself."
Quoting R61
{quote} Closed 2nd batch on GC +207 {image} Edit I am watching to reload on GC (currently at R78 zone) and/or load on NC (currently at R100 zone). I like the probabilities. {image}
Closed 3rd batch GC +213
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I probably going to close week today.
I have some personal/family issues that require my attention for now.
"In the end you only trade yourself."
Quoting R61
{quote} Closed 3rd batch GC +213 {image} I probably going to close week today. I have some personal/family issues that require my attention for now.
perfect
the highest point comes before the fall
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the highest point comes before the fall
Arriving R38 ...

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"The freedom of the other extends mine to infinity"
Quoting R61
{quote} Closed 3rd batch GC +213 {image} I probably going to close week today. I have some personal/family issues that require my attention for now.
I have posted little ...
I'm working at a company that consumes my time but it's only for this year.
health to all...
"The freedom of the other extends mine to infinity"
Retesting R100 on EA

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- If you plant corn, you get corn
Managed to sort my pairs out without them keep coming back

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Done amazingly well this week even with some stupid entries on pivot points and if you take away my rogue EJ trade

Just need to sort out my floating SL via account size which i am having a little dificulty with because of different values per pip, i dont know why im having dificulty as i have always been strong with maths

I have a really good TP system in place combined with PA

I am getting organised for once
On Point All Time Return: na
Hello Fellow Pivoters,

Here is the summary of Posts by Davit for December 2016:

Attached File(s)
File Type: pdf Posts by Davit - December 2016 Pgs. - 29.pdf   616 KB | 444 downloads

Green Pips to all !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
Good morning Pivot'er,

1st weeks of July, market continue to give...next week will be new opportunities.

Have a nice week end.
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Just looking to set a nice lot size per single entry based on 10 entries max at different entry points from S/R points, i have some ideas in mind but would like your thoughts

could someone share their thoughts on how they are using this as i know davit risks or did risk $500 per opportunity but without knowing account size i cannot work this out

I understand this is all based on PA as well as to when its better to pile on some trades if it goes against or also in favour but i would just like a starting point so lets say just for an example:

100K account

Leverage 1:30

10 x entries

Risk = $500 or 0.05%

Lotsize = ????

This is ignoring sl pips just need a few comments tbh based on experience from you guys and gals

I have tried lots size calculators but they are irrelevant to this
On Point All Time Return: na
Quoting Wags
Just looking to set a nice lot size per single entry based on 10 entries max at different entry points from S/R points, i have some ideas in mind but would like your thoughts could someone share their thoughts on how they are using this as i know davit risks or did risk $500 per opportunity but without knowing account size i cannot work this out I understand this is all based on PA as well as to when its better to pile on some trades if it goes against or also in favour but i would just like a starting point so lets say just for an example: 100K...
You are asking answers that only you can provide for yourself.Your risk threshold, account size etc are particular to yourself.As I got better as a trader I increased my risk% its way higher then most traders. I think you should trade and see what you are comfortable with.
In trading, you have to be defensive and aggressive at the same time
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