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Pivot Trading

  • #40,541
  • Mar 17, 2022 11:41am Mar 17, 2022 11:41am
I use the middle pivots only since they are the most powerful pivot. Also I use them for sentiment to trade trend reversals. Not really for support and resistance. What is more powerful than a levels ability to hold is the market's search for a level(fair price and advantageous price). This is why all my trades are the same. I wait for a trend to form. Then wait for it to end in a balance rotation for the whole session(intrady session, day session, week session etc), then if the session ends in a balance(range) when price moves out of the range and is on the proper side of the pivot for my trade(above for longs, below for shorts) I trade the market's search for a new fair price which is typically the fair price established in previous periods(I make sure that the new fair price is far away from the fair price the market is leaving so I get a nice big move).

This objective approach ensure that all my trades are the same and look the same on any timeframe.


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  • #40,542
  • Mar 17, 2022 11:50am Mar 17, 2022 11:50am
Heres a trade I took on Silver yesterday. Same idea, same set up all the time.

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Very important to have the middle pivots of all timeframes so you know where you are on all timeframes. I call it pivot world. This range formed right around the yearly pivot which can be a bounce for a big gain. Also notice where the market is turning now at the picture. Look to the left and you see a previous value area(range). The market has found fair price and advantageous price there so the search is paused. Hence I exited half my trade
  • #40,543
  • Mar 17, 2022 11:56am Mar 17, 2022 11:56am
AUDNZD

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White arrow is entry. same as always. Notice I enter when price moves abouve the fair price of the previous days. this shows it is searching for a fair price and the next price the market considered fair price is above the weekly pivot(light blue pivot) so I will exit now. Daily pivots are white, monthlys are orange, yearly is black.
  • #40,544
  • Mar 17, 2022 12:13pm Mar 17, 2022 12:13pm
GBPAUD short and AU long. Occured roughly around the same time this week.

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Even in the face of strong news AU still managed to move up, why? Because the market is searching for fair price(balance). The markket is in either in balance or imbalance(which is the market searching for balance).
  • #40,545
  • Mar 17, 2022 12:13pm Mar 17, 2022 12:13pm
new sales positions opened
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the highest point comes before the fall
  • #40,546
  • Mar 17, 2022 12:17pm Mar 17, 2022 12:17pm
Last but not least. Oil. Here is a special trade because it is forming this turn upwards as its bouncing off of the monthly pivot(orange line).

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  • #40,547
  • Mar 17, 2022 12:20pm Mar 17, 2022 12:20pm
Oh yeh last one. GBPCHF. This is to show how this can be done on weekly pivots as well. Downtrend. Price consolidated for an entire week last week. This week price moves up above weekly pivot and previous weeks fair price. I enter long. You must make sure the previous weeks fair price is far away so the market can search for it which is what Im trading. Im trading the search for the move. If a range is in the way the market may not search far since it will find fair prce quickly and it may stop you out.

This was 2 trades at same level. I do that so I can have different exits. First trade exit was at fair price poc level(white line to the left there.) I usually exit a few pips before that zone but look how perfectly timed the exit was. Traders saw that level as fair and advantageous and they stopped the search but then the search continued and pushed price up to the second target which is my lovely monthly pivot where i exited at perfect timing as price again dropped right from that level. Pivots are a formidable tool my friend. Very dexterous and resourceful

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  • #40,548
  • Mar 17, 2022 12:42pm Mar 17, 2022 12:42pm
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Successful trading is intrinsic to risk management and discipline
  • #40,549
  • Edited 1:13pm Mar 17, 2022 12:49pm | Edited 1:13pm
Quoting sharingan9
GBPAUD kort en AU lang. Vond deze week ongeveer rond dezelfde tijd plaats. {image} {image} Zelfs ondanks sterk nieuws is de AU er toch in geslaagd om op te klimmen, waarom? Omdat de markt op zoek is naar een eerlijke prijs(balans). De markt is in evenwicht of in onbalans (dat is de markt die op zoek is naar evenwicht).
Market profile is a nice tool but where are youre weekly pivots? i think Davit dont like this postings ;-) do you use daily or weekly MP? pak dan de weekly MP...+weekly fib pivots...
  • #40,550
  • Mar 18, 2022 12:42am Mar 18, 2022 12:42am
Quoting NLtrader
{quote} Market profile is a nice tool but where are youre weekly pivots? i think Davit dont like this postings ;-) do you use daily or weekly MP? pak dan de weekly MP...+weekly fib pivots...
The weekly pivot is the blue line. I use daily MP with daily pivots, weekly MP with weekly pivots, monthly MP with monthly pivots. I only use the middle pivot point.
  • #40,551
  • Mar 18, 2022 2:17am Mar 18, 2022 2:17am
Quoting Egbert
Closed trades for the week sofar. Still running open trades {image}
Hi Egbert i see you trade in ZAR if i may ask which broker do you use
  • #40,552
  • Mar 18, 2022 1:59pm Mar 18, 2022 1:59pm
Quoting nittohanns
{image}Just entered short CJ as I like the location at resistance, ADR high and R38.
I would avoid going long jpy pairs until crude falls below $90, a recession or risk event happens. At the moment you have to be very careful which pairs you take a position in at r60-100. Best to get a bias over or below pivot and trade that. Market moves are quite brutal at the moment.
  • #40,553
  • Mar 18, 2022 3:51pm Mar 18, 2022 3:51pm
Quoting Steamroller
{quote} I would avoid going long jpy pairs until crude falls below $90, a recession or risk event happens. At the moment you have to be very careful which pairs you take a position in at r60-100. Best to get a bias over or below pivot and trade that. Market moves are quite brutal at the moment.
Thanks for that, I've learnt the hard way, buying JPY was a mistake and I appreciate your comments.
Successful trading is intrinsic to risk management and discipline
  • #40,554
  • Mar 21, 2022 11:47pm Mar 21, 2022 11:47pm
So Good, works like in a textbook Thank you Davit
I am still practicing exit if the price goes against, to limit my money loss by exiting on the retracement. I've heard David talk about elliot waves, is what I'm doing right?
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  • #40,555
  • Mar 22, 2022 3:50am Mar 22, 2022 3:50am
Go Go Go
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  • #40,556
  • Mar 22, 2022 4:09am Mar 22, 2022 4:09am
Today,try to practice the method.
If i can be maintained like this for a long time, it will be great
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  • #40,557
  • Mar 22, 2022 9:22am Mar 22, 2022 9:22am
Tomorrow's CPI news already being factored in today,
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We obey the structure that results from the market's reaction
  • #40,558
  • Mar 23, 2022 5:48am Mar 23, 2022 5:48am
Quoting Egbert
Tomorrow's CPI news already being factored in today, {image}
As I said yesterday,

CPI for today is already factored in as evident from the positive number on CPI. Showing us that the 0.25% increase was the right call.
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We obey the structure that results from the market's reaction
  • #40,559
  • Mar 23, 2022 5:54am Mar 23, 2022 5:54am
Still holding onto my SHORT GBPUSD.
As Davit would say "USD GETS STRONG WHEN POWEL SPEAKS".
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We obey the structure that results from the market's reaction
  • #40,560
  • Mar 23, 2022 10:07am Mar 23, 2022 10:07am
I almost missed this one,
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We obey the structure that results from the market's reaction
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