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Pivot Trading

  • #39,721
  • Oct 11, 2021 2:31pm Oct 11, 2021 2:31pm
For those looking at the Euro on cross-rate currencies trades or against the USDollar. E/U point of interest I have is to complete the ABCD retest. I only have range deviations on my charges but this area should run into Davits Pivot areas of 70 - 100 areas.

Enough from me and Prob too many charts here so will leave away for a while.

Happy trading all.
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  • #39,722
  • Edited Oct 12, 2021 1:23am Oct 11, 2021 8:25pm | Edited Oct 12, 2021 1:23am
I am thinking of trading AC pair only for the time being. It is the easiest and because of its low adr
Started shorting it since price has been rejected at this level many times..
Jakepuia
  • #39,723
  • Oct 12, 2021 8:35am Oct 12, 2021 8:35am
EC https://charts.mql5.com/30/279/eurca...ital-group.png
  • #39,724
  • Oct 12, 2021 1:23pm Oct 12, 2021 1:23pm
Quoting squawk
For those looking at the Euro on cross-rate currencies trades or against the USDollar. E/U point of interest I have is to complete the ABCD retest. I only have range deviations on my charges but this area should run into Davits Pivot areas of 70 - 100 areas. Enough from me and Prob too many charts here so will leave away for a while. Happy trading all. {image} {image} {image} {image} {image}

Keep them coming squawk
  • #39,725
  • Oct 12, 2021 1:51pm Oct 12, 2021 1:51pm
Quoting Wags
{quote} Keep them coming squawk
Good day Wags.
I think you should work on knowing when to close your trades and Accept a Loss.
I also have that Problem too but working on it.

I'm learning from your trades.
  • #39,726
  • Oct 12, 2021 1:55pm Oct 12, 2021 1:55pm
Quoting squawk
For those looking at the Euro on cross-rate currencies trades or against the USDollar. E/U point of interest I have is to complete the ABCD retest. I only have range deviations on my charges but this area should run into Davits Pivot areas of 70 - 100 areas. Enough from me and Prob too many charts here so will leave away for a while. Happy trading all. {image} {image} {image} {image} {image}
Hi Squawk.

I enjoy your Posts but it would be Nice to Post your charts side by side with Davits Template so all would be on Same page for easy Interpretation.

I mean if Possible, Using your chart/Template to Explain Davits' In relation to the current market under Review.

Thanks for the Great Job.
  • #39,727
  • Oct 12, 2021 2:09pm Oct 12, 2021 2:09pm
Quoting DonVic
{quote} Good day Wags. I think you should work on knowing when to close your trades and Accept a Loss. I also have that Problem too but working on it. I'm learning from your trades.

Sorry don

Do not follow my small account trades as i just let them run mate, the account on my TE i mean
  • #39,728
  • Oct 12, 2021 2:21pm Oct 12, 2021 2:21pm
Closed EU today for 204 Pips
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  • #39,729
  • Oct 12, 2021 2:39pm Oct 12, 2021 2:39pm
Quoting DonVic
{quote} Hi Squawk. I enjoy your Posts but it would be Nice to Post your charts side by side with Davits Template so all would be on Same page for easy Interpretation. I mean if Possible, Using your chart/Template to Explain Davits' In relation to the current market under Review. Thanks for the Great Job.
Hi Don, I don't really use MT4 to trade anymore as Currencies only make up approx 30% of my trading these days but loaded it up and used what should be mostly Davits.

The important point is Davits pivot system is a return to the mean against weekly range expectations which is better used in pairs that is consolidating.

I have attached my Stnd TradingView chart which has a Weekly Range deviation of 1,2 and 3 over a 21 period. The 3rd deviation should mostly always match with Davits 78 area.

With DAVITS trading style you're looking for RANGE OVEREXTENSIONS, PRICE, AND STRUCTURE trading into the over-extended range to what you think should hold.
The rest for success will be based on your experience, emotional ability, news awareness, entries, and the scale of your trade leverage.

The range is used in my trading but my trading is mostly done in identify volume moves, liquidity areas, inefficient pricing leading into longer-term areas. M charts will always be a mix of these trying to tell the story of what I am seeing.

Hope this helps. Good luck with your trading.
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  • #39,730
  • Oct 12, 2021 3:58pm Oct 12, 2021 3:58pm
Quoting squawk
{quote} Hi Don, I don't really use MT4 to trade anymore as Currencies only make up approx 30% of my trading these days but loaded it up and used what should be mostly Davits. The important point is Davits pivot system is a return to the mean against weekly range expectations which is better used in pairs that is consolidating. I have attached my Stnd TradingView chart which has a Weekly Range deviation of 1,2 and 3 over a 21 period. The 3rd deviation should mostly always match with Davits 78 area. With DAVITS trading style you're looking for RANGE...

I have been in and out of EC for a while but the small losses will hopefully be easily written off by whats to come
  • #39,731
  • Edited 4:16pm Oct 12, 2021 4:01pm | Edited 4:16pm
A few key charts on monthly, if you were to take into consideration TDI and TDI angleator these would be bursting through these support and resistances

Only CAD has a small divergence against trend but buying power still looks on top on that as well


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  • #39,732
  • Oct 12, 2021 4:44pm Oct 12, 2021 4:44pm
Quoting Wags
{quote} I have been in and out of EC for a while but the small losses will hopefully be easily written off by whats to come
I have a small percentage in but the longer-term view. It's an efficient channel but pretty sure the next consolidation will be a swing bottom with this being third move down in the longer trend.

That consolidation will prob take a while and bump most people out on any decent run.
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  • #39,733
  • Oct 12, 2021 4:45pm Oct 12, 2021 4:45pm
Quoting Wags
A few key charts on monthly, if you were to take into consideration TDI and TDI angleator these would be bursting through these support and resistances Only CAD has a small divergence against trend but buying power still looks on top on that as well {image} {image} {image}
Nice charts Wags..
  • #39,734
  • Oct 12, 2021 5:15pm Oct 12, 2021 5:15pm
Quoting squawk
{quote} I have a small percentage in but the longer-term view. It's an efficient channel but pretty sure the next consolidation will be a swing bottom with this being third move down in the longer trend. That consolidation will prob take a while and bump most people out on any decent run. {image}
I am out at the moment and waiting for the next signal which is soon i think

Back to 1.50 i will TP?

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  • #39,735
  • Edited Oct 13, 2021 2:28am Oct 12, 2021 5:26pm | Edited Oct 13, 2021 2:28am
Quoting Wags
{quote} I am out at the moment and waiting for the next signal which is soon i think Back to 1.50 i will TP? {image}
At the moment most of my attention is on Energy and mainly my Uranium equities. So currencies taking a back seat at the moment.

https://www.energyexch.com/thread/po...7#post13743017

My cleanup today in Uranium equities.
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  • #39,736
  • Oct 12, 2021 5:27pm Oct 12, 2021 5:27pm
Quoting Wags
{quote} I am out at the moment and waiting for the next signal which is soon i think Back to 1.50 i will TP? {image}
Keep fundies in mind.....

Euro hit a year to date low against the U.S. dollar on Tuesday after quietly trending lower for the past 5 weeks. Economic performance and monetary policy direction are the two most important drivers of currency flows and in the case of euro, both have been calling for further weakness. #EUR/USD consolidated above 1.1550 for more than a week before finally breaking lower but even with today’s move, it is not a clear break as the new low was only a few pips below last week’s low. For EUR/USD to sink to the next support level on the 1.13 handle, the pair needs a solid break of the psychologically significant 1.15 level.

On a fundamental basis, there are plenty of reasons for the EUR/USD to underperform. There’s been a string of data disappointments from Germany and the Eurozone. PMI, factory orders, industrial production and today’s ZEW survey missed expectations. Investors are worried about the impact of rising energy costs and supply chain bottlenecks on corporate profitability. On a monetary policy basis, the European Central Bank reduced PEPP purchases but their warnings against tightening too soon have investors looking for a rate hike in late 2023. Throughout this monetary policy cycle, the ECB lagged behind its peers and while they cut PEPP before the Federal Reserve tapered asset purchases, the Fed will surely lift interest rates before the ECB. So not only is EUR/USD pressured by softer data and a dovish central bank but investors are bidding the greenback higher ahead of next month’s Fed meeting where a taper announcement is expected. Euro is weak against the dollar but its underperformance is the most dramatic against sterling, the Australian and New Zealand dollars. EUR/GBP is down more than 2% from its September high, EUR/AUD lost value 8 out of the last 9 trading days while EUR/CAD declined 15 out the last 16 trading days. Tomorrow’s Eurozone industrial production report should keep the downtrend intact as the decline in German industrial production signals weakness.
  • #39,737
  • Oct 12, 2021 6:00pm Oct 12, 2021 6:00pm
Quoting pipmaster77
{quote} Keep fundies in mind..... Euro hit a year to date low against the U.S. dollar on Tuesday after quietly trending lower for the past 5 weeks. Economic performance and monetary policy direction are the two most important drivers of currency flows and in the case of euro, both have been calling for further weakness. #EUR/USD consolidated above 1.1550 for more than a week before finally breaking lower but even with today’s move, it is not a clear break as the new low was only a few pips below last week’s low. For EUR/USD to sink to the next support...
Im still happy to be looking at buying EC from the PA mate
  • #39,738
  • Oct 12, 2021 7:00pm Oct 12, 2021 7:00pm
Quoting Wags
{quote} Im still happy to be looking at buying EC from the PA mate
I agree, I'm in EA right now. Just sayin', be careful, bigger picture, EUR probably weakest of all the majors except for maybe JPY
  • #39,739
  • Oct 12, 2021 7:01pm Oct 12, 2021 7:01pm
Quoting pipmaster77
{quote} I agree, I'm in EA right now. Just sayin', be careful, bigger picture, EUR probably weakest of all the majors except for maybe JPY

Agreed with that , then CHF
  • #39,740
  • Oct 12, 2021 8:10pm Oct 12, 2021 8:10pm
Currently in CJ shorts, will see how far the momentum takes me

Lets get these pips
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