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Pivot Trading

  • #41,481
  • Jan 14, 2023 11:34am Jan 14, 2023 11:34am
Quoting apples1978
Tuesday Wednesday looks to be the main days next week UC looks like it need some good correction {image}
"UC looks like it need some good correction"

All majors could use corrections not just UC but EU GU AU NU as well
In trading, you have to be defensive and aggressive at the same time
  • #41,482
  • Edited 12:38pm Jan 14, 2023 12:18pm | Edited 12:38pm
I find trading inspiration in the arts as weird as that sounds.Remarkable artists overcoming adversary inspires me and you should be as well
I love Pat Martino RIP saw him in jazz club in Cambridge.After concert I gifted him my artwork and he graciously accepted and invited me to his house in Philadelphia.Didn't get to see him again then he passed away.

He is special remarkable talent.He had a brain injury and lost all his ability to play guitar and had to re learn everything again! His albums after recovery are remarkable as well.

That evolution was suddenly interrupted in 1980 when Martino suffered the near-fatal seizure that left him to rebuild his memory and his career from scratch. He had been born with an arteriovenous malformation, a condition that had led him to suffer hallucinations and seizures since childhood but remained misdiagnosed.
Martino emerged from the experience with a newfound, Zen-like outlook. In an interview for the Philadelphia Inquirer in 2011, he referred to the experience as "the greatest thing that ever happened to me." While his philosophical bent was presaged by titles like "Consciousness" and "Where Love's a Grown-Up God," the guitarist later viewed the early part of his career as driven more by ambition than art.
"My career literally came to an end at that very moment," he said of the surgery. "From that point forward, my interest was no longer in my profession; my interest was in survival as a human being. It erased the blackboard, and I found myself in the same position as I was as a child."

Following his surgery in 1980, Martino spent several years relearning the instrument, listening back to his own recordings and struggling with depression and the grueling process of recovering his skills. He reemerged in 1987 with The Return, which showcased a miraculous virtuosity seemingly undiminished by his brush with death and amnesia.
https://www.npr.org/2021/11/02/10514...ver-dies-at-77
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In trading, you have to be defensive and aggressive at the same time
  • #41,483
  • Jan 14, 2023 2:25pm Jan 14, 2023 2:25pm
Quoting Davit
{quote} "UC sieht so aus, als ob es eine gute Korrektur braucht" Alle Majors könnten Korrekturen gebrauchen, nicht nur UC, sondern auch EU GU AU NU
I also observe the majors who are very all overstretched

4 Hours level
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the highest point comes before the fall
  • #41,484
  • Jan 14, 2023 2:46pm Jan 14, 2023 2:46pm
One can argue that the end of q3/22 and beginning of q4/22 was the overstretching,
and now we are in normal territory.
So the possible corrections will be within normal pivot-zones, without massive overshootings.
I am ready for whatever outcome will be provided by the market

I am aware that some focus more on short-term and some will have a longer-term outlook, so the sentiment posted here can differ in meaning and intention.

Kind regards.
Muni loves you all!
  • #41,485
  • Jan 14, 2023 3:07pm Jan 14, 2023 3:07pm
Quoting MuniFX
Man kann argumentieren, dass das Ende des 3. Quartals 22 und der Beginn des 4. Quartals 22 die Überdehnung war und wir uns jetzt im normalen Bereich befinden. Die möglichen Korrekturen liegen also innerhalb normaler Pivot-Zonen, ohne massive Überschwinger. Ich bin bereit für jedes Ergebnis, das der Markt bieten wird. Ich bin mir bewusst, dass sich einige eher auf kurzfristige und andere auf eine längerfristige Perspektive konzentrieren, sodass die hier gepostete Stimmung in Bedeutung und Absicht unterschiedlich sein kann. Mit freundlichen Grüßen...
Hello, just from my point of view I don't go by quarters or months, I go by what the market can offer me in a short time and with the greatest probability, I'm not a long-term trader, I want to close the deal in 1-3 days off. I only go after weeks of pivots
the highest point comes before the fall
  • #41,486
  • Jan 15, 2023 2:03am Jan 15, 2023 2:03am
Quoting apples1978
Sigh 50 pips more... {image}
Hello, do you provide links and arrows in the trading points that appear on the screen with an indicator or do you use ea?
  • #41,487
  • Jan 15, 2023 2:11am Jan 15, 2023 2:11am
Quoting rupasi
{quote} Hi, From what I know of Davit, his entries and exits are generally manual. He recommends a % of the overall batch of trades to define an exit as a loss. What EA are you referring to?
Hello rupasi, sorry for the late reply. I thought the interconnected lines and arrows of the positions that appear and open and close on the sharing screens were provided by an ea. or is it making an indicator?
  • #41,488
  • Jan 15, 2023 6:27am Jan 15, 2023 6:27am
Hi Pivoters

on AUD
Something to keep in mind. Feb 6 rate event. Market is "pricing in" AUD specially on crosses like AN AC
Should be aware 3weeks up rate.
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In trading, you have to be defensive and aggressive at the same time
  • #41,489
  • Jan 15, 2023 8:01pm Jan 15, 2023 8:01pm
Quoting dirlik
{quote} Hello rupasi, sorry for the late reply. I thought the interconnected lines and arrows of the positions that appear and open and close on the sharing screens were provided by an ea. or is it making an indicator?
Hi Dirlik,

No problem with the delay.

I personally do not use arrows, some people find them helpful. I have seen them used in systems with success. The pivots 'method' is based on various MT4 indicators listed on the first post. I use Davit's template with its indicators. Paired with the markets fundamental behavior, you can define entry and exit points you are comfortable with. For me, that means generally R61 to the WPP, or S61 to the WPP. The further a pair pulls away from the WPP, the higher the chances it will be 'pulled' back to the WPP. Fundamentals can drive a pair up to the 78 and 100 levels and beyond, I have noticed though that once it passes 138, it is reversing and is less likely to return to WPP.

It also means getting to know certain pairs. You can see what Davit recommends. It helps to read and reread the first post, then start moving through the thread. I also keep up with the thread moving forward. You can see Davits current thoughts. And learn how to develop your own, as it relates to this system. I have traded for years, but it wasn't until I started with this system that I actually got out of the 'red'. Take your time and learn, if you want to become the best trader you can be.

As Davit mentions, it is simple but advanced. There is no EA, it is manual judgement.
  • #41,490
  • Jan 16, 2023 2:22am Jan 16, 2023 2:22am
EU =SHORT
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ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
  • #41,491
  • Jan 16, 2023 2:40am Jan 16, 2023 2:40am
Sitting on hands for now.

BOE Gov Bailey Speaks

Will keep eye on GBP pairs with this aff speaking
Pip Student
  • #41,492
  • Jan 16, 2023 4:21am Jan 16, 2023 4:21am
Quoting apples1978
Sitting on hands for now. BOE Gov Bailey Speaks Will keep eye on GBP pairs with this aff speaking
That's 10am why miss out opportunities?
Made decent money already on G pairs
GU hit R61 then dived down! My only regret not staying long enough...
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In trading, you have to be defensive and aggressive at the same time
  • #41,493
  • Jan 16, 2023 5:12am Jan 16, 2023 5:12am
Its holiday here in most States Monday therefore liquidity not there however during Bailey's talk its possible EG hitting 89 then I'll be ready to load up shorts
Note ADR High
Fundamentally EU is already on over bought territory.Ukraine war with serious energy issues has dramatically stalled Euro economies almost panic level therefore raising rates may exhilarate rescission hitting Euro bloc lot faster. I am Euro bear until something positive happens

From perspective of big players there is huge liquidity sitting at 89 therefore price basically "must "reach there to trigger big shorts.
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In trading, you have to be defensive and aggressive at the same time
  • #41,494
  • Jan 16, 2023 5:19am Jan 16, 2023 5:19am
is it possible sir, to list your important posts numbers(posts that explain system and your system updates) in the main post
  • #41,495
  • Jan 16, 2023 5:21am Jan 16, 2023 5:21am
Quoting Davit
{quote} That's 10am why miss out opportunities? Made decent money already on G pairs GU hit R61 then dived down! My only regret not staying long enough... {image}
and i have a math question:
how to set lots, what is your equation?
  • #41,496
  • Jan 16, 2023 5:57am Jan 16, 2023 5:57am
Lost way my a little back to some basics, no arrow or entry suggestions on these templates. Blue rectangles are just drawing me drawing where am interested in wick rejections.

Dashed line just hh ll being marked.
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Pip Student
  • #41,497
  • Jan 16, 2023 6:13am Jan 16, 2023 6:13am
closed more GU
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In trading, you have to be defensive and aggressive at the same time
  • #41,498
  • Jan 16, 2023 6:15am Jan 16, 2023 6:15am
Quoting ENG.yahia
{quote} and i have a math question: how to set lots, what is your equation?
Lot size is related to risk tolerance.Everyone different my risk is not suitable for others.Industry standard is 1% or even .5%
In trading, you have to be defensive and aggressive at the same time
  • #41,499
  • Jan 16, 2023 6:17am Jan 16, 2023 6:17am
Quoting ENG.yahia
is it possible sir, to list your important posts numbers(posts that explain system and your system updates) in the main post
Not possible sorry. This thread is not about "give me your system and I'll waste 10min"
Logically 1st post most important!!!! There are no updates system is same!Concepts same why this thread is different then most systems here at FF
In trading, you have to be defensive and aggressive at the same time
  • #41,500
  • Jan 16, 2023 6:17am Jan 16, 2023 6:17am
got 20 on the gu to the piv point
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Pip Student
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