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Pivot Trading

  • #39,301
  • Sep 18, 2021 12:59pm Sep 18, 2021 12:59pm
Thank you Davit for allowing me to share my trades with our thread members, and for sharing this strategy with us! I've been using the system for 4 months and it has by far been the most profitable strat I've found and it has proven itself. I look forward to discussing and providing insight to the trades to come; Lets make some money!

I have already hit my 10% for the month, however September usually proves to be a very volatile month. Lets see how the following week's perform
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Hard Work, Dedication and Faith
  • #39,302
  • Sep 19, 2021 4:36pm Sep 19, 2021 4:36pm
I looked at the calendar events for the coming week.
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the highest point comes before the fall
  • #39,303
  • Sep 19, 2021 10:03pm Sep 19, 2021 10:03pm
Starting, selling USDCAD now at 1.2800. I think price will come down at least to weekly pivot at 1.27200
  • #39,304
  • Sep 19, 2021 10:08pm Sep 19, 2021 10:08pm
Quoting kleybenny
Starting, selling USDCAD now at 1.2800. I think price will come down at least to weekly pivot at 1.27200
Watch out. General elections tomorrow in Canada.
  • #39,305
  • Sep 20, 2021 2:59am Sep 20, 2021 2:59am
Good Morning everybody. I am starting too short EG at 0856...
ADR 110 ; R 61 seems like an artificial movement.
green pips to all!
  • #39,306
  • Sep 20, 2021 4:49am Sep 20, 2021 4:49am
Quoting kleybenny
Starting, selling USDCAD now at 1.2800. I think price will come down at least to weekly pivot at 1.27200
Hi KB
Did you read the 1st page?
here below.
You dont just sell or buy just because price is near or on key pivot!!!! You watch see Evidence of price turning 1st!!!
2nd point did you read and go over the calendar?Looks like NO because had you read it you would of known CAD is RISK on because of election.

If I see another of your BS trades here mutilating my system you will be removed specially not reading 1st page!
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In trading, you have to be defensive and aggressive at the same time
  • #39,307
  • Sep 20, 2021 4:53am Sep 20, 2021 4:53am
Quoting TheHoff
Good Morning everybody. I am starting too short EG at 0856... ADR 110 ; R 61 seems like an artificial movement. green pips to all!
sketchy trade.Watch PA

I am little upset of poor trades posted here.Frustrated actually.
In trading, you have to be defensive and aggressive at the same time
  • #39,308
  • Sep 20, 2021 4:59am Sep 20, 2021 4:59am
To help new traders (retentively speaking less then 5yrs experience) here is my original Pivot template with TDI and Angulator

You dont take trades until you see minimum 15min red arrow on angulator/ and see red candles/ and have TDI going south/ and Price in Pivot zone.
Attached File(s)
File Type: tpl DavitPivot.tpl   117 KB | 950 downloads
In trading, you have to be defensive and aggressive at the same time
  • #39,309
  • Sep 20, 2021 5:04am Sep 20, 2021 5:04am
Chart shows proper system trade that fits the system
GA didn't see anyone take it but see BS trades!

Calendar awareness must be before trading opens ideally sat or sun morning.This is a must routine if you take trading seriously or become perennial retail loser trader.
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In trading, you have to be defensive and aggressive at the same time
  • #39,310
  • Sep 20, 2021 5:20am Sep 20, 2021 5:20am
I am going to share valuable tip about how to use Oscillators properly.

Most Oscillators used by Retail traders are erroneous and result losing trades such as shorting above 70 line or buying below 30!
DON'T DO THIS!
Instead watch Oscillator turn around 1st from 70 or higher level come back 70 level pointing south+with red candles on chart then you got higher probability trades.
This is key using oscillator properly because price can stay above 70 for LOOONG TIME or below 30 LOOONG time! resulting massive DD
In trading, you have to be defensive and aggressive at the same time
  • #39,311
  • Sep 20, 2021 5:24am Sep 20, 2021 5:24am
GU nice set up
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In trading, you have to be defensive and aggressive at the same time
  • #39,312
  • Sep 20, 2021 5:30am Sep 20, 2021 5:30am
Quoting Davit
GU nice set up {image}

I managed to scalp this for some small profits. Finding myself taking profits more and more these days. Up 1% on the day.
  • #39,313
  • Sep 20, 2021 5:30am Sep 20, 2021 5:30am
It looks like all USD pairs can correct now. Since September 15th the USD has risen sharply. Also because of uncertainty about Evergrande in China.
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the highest point comes before the fall
  • #39,314
  • Sep 20, 2021 5:31am Sep 20, 2021 5:31am
Quoting esk1mooo
{quote} I managed to scalp this for some small profits. Finding myself taking profits more and more these days. Up 1% on the day.
That's totally fine but dont miss out staying in for larger gain. Short trades are ideal on range market but poor choice for strong trending market.

Also matter of ADR if example PA turns south on GA with ADR over 100 on key pivot level and I nailed that perfectly I wont get out at 20pips! Will stay on for 50+pips
on the other hand EG with ADR 34 last 20days I will get out even for 10pips but they will be 2 or 3X larger lots
In trading, you have to be defensive and aggressive at the same time
  • #39,315
  • Sep 20, 2021 5:50am Sep 20, 2021 5:50am
I can confidently say without chest boasting this is the best system here on Forex factory! None others cover calendar events or pay attention to fundamentals+technicals.
My approach is total organic trading.Most systems here are loading with retarded indicators with Christmas lights clueless about driving forces of FX
In trading, you have to be defensive and aggressive at the same time
  • #39,316
  • Sep 20, 2021 5:52am Sep 20, 2021 5:52am
Quoting Davit
{quote} That's totally fine but dont miss out staying in for larger gain. Short trades are ideal on range market but poor choice for strong trending market. Also matter of ADR if example PA turns south on GA with ADR over 100 on key pivot level and I nailed that perfectly I wont get out at 20pips! Will stay on for 50+pips on the other hand EG with ADR 34 last 20days I will get out even for 10pips but they will be 2 or 3X larger lots

Thanks. I see what you're saying and it's something i've always battled with "knowing" how long to stick with a profitable trade. I've found in years gone by, i'll sit in a trade in good floating profits only for them to fully reverse and wipe me out (SL), i suppose there's still an element of emotional attachment to trades that I need to remove.
  • #39,317
  • Sep 20, 2021 5:57am Sep 20, 2021 5:57am
Quoting Davit
{quote} Hi KB Did you read the 1st page? here below. You dont just sell or buy just because price is near or on key pivot!!!! You watch see Evidence of price turning 1st!!! 2nd point did you read and go over the calendar?Looks like NO because had you read it you would of known CAD is RISK on because of election. If I see another of your BS trades here mutilating my system you will be removed specially not reading 1st page! {image}
Wow, sorry for writing a comment in your thread...it will be the last one, for sure. To give you an answer to your questions:

1. Yes, I read your 1st page. I know your system very well. I see a lot of evidence why price should turn in near future. If you see not, then don't blame me. It's my trading and not yours.
2. Yes, I know that elections are today. I'm not a beginner. My point of view: When you look historically at the CAD’s performance, it generally breezes through elections fairly serenely. I think that especially before the outcome of the elections today there are superior possibilities.
3. No worry, you will never ever see any of my BS trades anymore here...

Good luck
  • #39,318
  • Sep 20, 2021 6:01am Sep 20, 2021 6:01am
Quoting kleybenny
{quote} Wow, sorry for writing a comment in your thread...it will be the last one, for sure. To give you an answer to your questions: 1. Yes, I read your 1st page. I know your system very well. I see a lot of evidence why price should turn in near future. If you see not, then don't blame me. It's my trading and not yours. 2. Yes, I know that elections are today. I'm not a beginner. My point of view: When you look historically at the CAD’s performance, it generally breezes through elections fairly serenely. I think that especially before the outcome...
so you cant take constructive feedback ? Your loss to learn
Dont be in love with yourself grow balls and take it like a man when you clearly were not following system rules!
You not being here is your loss not mine.
You should of thanked me instead acting like a bird whose feathers got rattled.Dont care how many years you have traded meaningless.They are loser traders with 20yrs of experience!
Everything starts with right attitude and ability to pay attention!
In trading, you have to be defensive and aggressive at the same time
  • #39,319
  • Sep 20, 2021 6:06am Sep 20, 2021 6:06am
I strongly advise not trading CHF
I never trade it.They are reasons instead you can trade Euro which moves almost same as CHF but inverse
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In trading, you have to be defensive and aggressive at the same time
  • #39,320
  • Sep 20, 2021 6:12am Sep 20, 2021 6:12am
Quoting Davit
{quote} so you cant take constructive feedback ? Your loss to learn Dont be in love with yourself grow balls and take it like a man when you clearly were not following system rules! You not being here is your loss not mine.
Davit, it is not about constructive feedback. It's about your comment about my "BS trades" and the threat to get kicked out.
I don't like being threatened and I don't like disrespectful people.

Anyway, I respect your way of handling your thread. I read your explanations in the past with interest, because I see many similarities to my style of trading. But I have no time for ego games like this.

Despite this I wish you a great time and that you help more new traders to become profitable.
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