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Pivot Trading

  • #43,861
  • Oct 25, 2023 10:08am Oct 25, 2023 10:08am
AN Sell
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Seek first to understand, then to be understood
  • #43,862
  • Oct 25, 2023 10:48am Oct 25, 2023 10:48am
Quoting Paulscaff1
{quote} Yeah I had a few questions about how some if the experienced guys tackle their risk management with the method. Dont get me wrong though, im pretty familiar with DCA, I was in a paid group for a while where we used it, one of the patterns though was that alot of guys would have several green days and even green weeks in a row due to the relatively easy targets along with the staged orders and room to breathe.....but there was always that time where it just wouldnt come back, and that would wipe out several days or even weeks of profit. In...
I personally use 500 pips then calcualte the size according to the budget (i.e 1000 bucks) then divide the position by 10 giving me 10 "bullets". Each bullet has a hard stop of 500 pips. but yes you are correct, if markets trend, then its a blood bath. Of course u can use discretion to cut it, but without hard rules its difficult to be honest. If u cant decide fast, the 500 pip SL will soon get hit and then u get hammered. what youre suggesting is interesting. the farthest positions would have bigger lot sizes as they are closer to the 131 level?
Seek first to understand, then to be understood
  • #43,863
  • Oct 25, 2023 1:22pm Oct 25, 2023 1:22pm
Quoting toshio
{quote} I personally use 500 pips then calcualte the size according to the budget (i.e 1000 bucks) then divide the position by 10 giving me 10 "bullets". Each bullet has a hard stop of 500 pips. but yes you are correct, if markets trend, then its a blood bath. Of course u can use discretion to cut it, but without hard rules its difficult to be honest. If u cant decide fast, the 500 pip SL will soon get hit and then u get hammered. what youre suggesting is interesting. the farthest positions would have bigger lot sizes as they are closer to the 131...
Not necessarily increasing the lot size as this would likely be considered as martingale.

But using a lot size that over 3 entries takes you to your decided loss/stop loss amount.

For example, and shown in the screenshots, if I want to risk around $500 per trade, I know that if my first entry stop loss is $200, that will give me the lot size to use for the remaining two entries, which in this case for AUDCAD would be 0.16 lots, and comes to just under $500. I used 161 for the stop loss in this example and obviously in the real world the entries wouldn't be bang on the pivots due to PA.

Its just an idea though, again would be interesting to hear how others do it, doing it this way though your winrate would have to be very good as wouldnt want to be getting stung with a string of 3 entry losses, but then again, if its reached your fixed dollar amount then you've got to cut it off anyway.
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  • #43,864
  • Oct 26, 2023 5:34am Oct 26, 2023 5:34am
Amazing how price moved from R61 and made a turn at S61. The precision was so sweet to watch!
Thanks again Davit for this system!
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  • #43,865
  • Oct 26, 2023 7:01pm Oct 26, 2023 7:01pm
Anybody checking USDCAD out....
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  • #43,866
  • Oct 27, 2023 6:59am Oct 27, 2023 6:59am
Quoting cjsun791
Anybody checking USDCAD out.... {image}
I had a small entry but expecting this pair to move up a bit somewhere around s 138 or todays adr. i prefer to wait after red news shortly
  • #43,867
  • Oct 27, 2023 12:44pm Oct 27, 2023 12:44pm
Quoting MuniFX
regarding usdcad to me it looks like a bullish flag is forming on the monthly chart jun, jul, aug is forming a reversal pattern. we are back at the yearly open, a break down below yearly pivot was rejected, yearly r1 is at 1.421x price right now is 1.354x, so a >650 pips upward move in q4 is likely. if we dont rally immedietly in m9 (september), it likely be an monthly accumulation candle. in between there will be ups and downs, downs and ups, for using the davit pivot strategy to earn some pips, as nothing moves in a straight line..
today we reached a new year high in usdcad,
we hit weekly r138 (sign of a "fundamentally driven move")
it still looks bullish to me

but a weekly pullback candle to test next month (Nov.) pivot looks likely (1.377x-1.376x)
Muni loves you all!
  • #43,868
  • Edited Oct 30, 2023 4:49pm Oct 27, 2023 2:30pm | Edited Oct 30, 2023 4:49pm
{ virus risk deleted by staff }
  • #43,869
  • Oct 27, 2023 3:28pm Oct 27, 2023 3:28pm
Quoting Ibar51
{file}
virus/trojan?
Muni loves you all!
  • #43,870
  • Oct 27, 2023 3:41pm Oct 27, 2023 3:41pm
Quoting MuniFX
{quote} virus/trojan?
no
  • #43,871
  • Oct 27, 2023 3:46pm Oct 27, 2023 3:46pm
Quoting Ibar51
{quote} no
hmm, my system says so, and doesnt let me view it, maybe than something is wrong on my end..sorry
Muni loves you all!
  • #43,872
  • Oct 29, 2023 3:15pm Oct 29, 2023 3:15pm
Buckle up, VERY busy week ahead with 3 Rate Decisions & NFP.

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It takes a lot for me to IGNORE you, but you can try.
  • #43,873
  • Oct 30, 2023 4:00am Oct 30, 2023 4:00am
Short on USDCHF
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  • #43,874
  • Oct 30, 2023 5:08am Oct 30, 2023 5:08am
Quoting MuniFX
{quote} hmm, my system says so, and doesnt let me view it, maybe than something is wrong on my end..sorry
i too got a message that it was a trojan horse by Kaspersky and it deleted the file
just my 2 cents
  • #43,875
  • Oct 30, 2023 4:40pm Oct 30, 2023 4:40pm
Quoting Ibar51
{file}
upload it to virustotal to be sure:

https://www.virustotal.com/gui/file/...a9a92ba02fd5e9
  • #43,876
  • Oct 31, 2023 12:18pm Oct 31, 2023 12:18pm
Any news about Davit?
Discipline and winning attitude
  • #43,877
  • Nov 5, 2023 3:57am Nov 5, 2023 3:57am
Quoting MuniFX
{quote} today we reached a new year high in usdcad, we hit weekly r138 (sign of a "fundamentally driven move") it still looks bullish to me but a weekly pullback candle to test next month (Nov.) pivot looks likely (1.377x-1.376x)
the pullback was depper than i expected,
we hit/cleared last quarter r2 + q4 r1 and turned in direction of this quarter pivot point at 1.345x,
we are at monthly s1,
this week i am looking for buy opportunities.
monthly s38 and weekly s38 at 1.364x.
if we continue in the direction of the q4 pp than my view on usdcad was wrong
Muni loves you all!
  • #43,878
  • Nov 5, 2023 5:04am Nov 5, 2023 5:04am
AUD/JPY look's to me in the strong resistance zone ready for shorting
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  • #43,879
  • Nov 5, 2023 5:09am Nov 5, 2023 5:09am
EA also is in the zone watching news expectation in AUD no one expect to Australia increase rates and these can make these 2 pairs fly i contra direction's
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  • #43,880
  • Nov 5, 2023 6:34am Nov 5, 2023 6:34am
Quoting mizi123
AUD/JPY look's to me in the strong resistance zone ready for shorting {image}
j4i:
a/j yearly r1 at 98.5x (also last year high), q4 r1 at 98.0x
because of yen weakness and pa of higher tf (monthly): q4 r2 at 100.0x
Muni loves you all!
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