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Pivot Trading

  • #44,161
  • Apr 5, 2024 3:04am Apr 5, 2024 3:04am
Long NAS
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Successful trading is intrinsic to risk management and discipline
  • #44,162
  • Apr 5, 2024 3:33am Apr 5, 2024 3:33am
Quoting Mastropiero
Sometimes patience pays {image}
Hello, what is the name of the indicator that plots the trade outcome (eg. "Sell +39p"). Thank you.
Muni loves you all!
  • #44,163
  • Apr 5, 2024 4:09am Apr 5, 2024 4:09am
Quoting MuniFX
{quote} Hello, what is the name of the indicator that plots the trade outcome (eg. "Sell +39p"). Thank you.
https://fxssi.com/show-trades-indicator
- If you plant corn, you get corn
  • #44,164
  • Apr 5, 2024 6:44am Apr 5, 2024 6:44am
Quoting nittohanns
Langes NAS{Bild}
Quoting nittohanns
Long NAS{image}

very strong pin bar in an hourly chart, gives a lot of upward power
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the highest point comes before the fall
  • #44,165
  • Apr 5, 2024 7:29am Apr 5, 2024 7:29am
Quoting Pivoter
{quote} {quote} very strong pin bar in an hourly chart, gives a lot of upward power {image}
Buying this dip at ADR low and support has surely got to be a good strategy!
Successful trading is intrinsic to risk management and discipline
  • #44,166
  • Apr 5, 2024 8:42am Apr 5, 2024 8:42am
Quoting nittohanns
{quote} Buying this dip at ADR low and support has surely got to be a good strategy!
Working out well
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Successful trading is intrinsic to risk management and discipline
  • #44,167
  • Apr 5, 2024 9:43am Apr 5, 2024 9:43am
Hi all,

Hope everyone is having a great week. I have started trading Davit Pivot Trading system and I wanted to check if my setup is valid by experienced members (I am still learning, so forgive me if you see a mistake).

I just noticed NZDCAD is at R61 area and there is an engulfing bearish 15 mins candle, at a high ADR area. Also some other confluences (MACD and RSI is pointing down). Does this make sense?

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  • #44,168
  • Apr 5, 2024 11:38am Apr 5, 2024 11:38am
Quoting micromin
Hi all, Hope everyone is having a great week. I have started trading Davit Pivot Trading system and I wanted to check if my setup is valid by experienced members (I am still learning, so forgive me if you see a mistake). I just noticed NZDCAD is at R61 area and there is an engulfing bearish 15 mins candle, at a high ADR area. Also some other confluences (MACD and RSI is pointing down). Does this make sense? {image}
Hi Micromin,
Short term it might work out although would think carefully about trading at this time on a Friday as you may have to carry the trade over the weekend. Also, on the higher time frames there could be more to the upside. Look at the weekly and daily charts. I personally prefer signals on higher timeframes as they are more reliable. Personally, I don't consider RSI or MACD but know this works for some traders. There is a bullish engulfing bar on the weekly. At S/R on H4. Not a trade I would take but that's just me. Also check for any events next week.
Successful trading is intrinsic to risk management and discipline
  • #44,169
  • Apr 5, 2024 12:25pm Apr 5, 2024 12:25pm
Quoting nittohanns
{quote} Hi Micromin, Short term it might work out although would think carefully about trading at this time on a Friday as you may have to carry the trade over the weekend. Also, on the higher time frames there could be more to the upside. Look at the weekly and daily charts. I personally prefer signals on higher timeframes as they are more reliable. Personally, I don't consider RSI or MACD but know this works for some traders. There is a bullish engulfing bar on the weekly. At S/R on H4. Not a trade I would take but that's just me. Also check for...

Hi @nittohanns, I actually took it on my demo (since it is Friday and I wasn't sure) to test it out, it is going side ways now (or might hit sl), so probably higher timeframe confirmation is more helpful. I will consider your points for next week trading. Thanks for the feedback @nittohanns!
  • #44,170
  • Apr 6, 2024 10:30am Apr 6, 2024 10:30am
Dear Community,
A quick note to express my gratitude to all active members! Your contributions truly make this forum shine. Let's keep the engagement going strong.
  • #44,171
  • Apr 7, 2024 1:43pm Apr 7, 2024 1:43pm
Quoting micromin
Hi all, Hope everyone is having a great week. I have started trading Davit Pivot Trading system and I wanted to check if my setup is valid by experienced members (I am still learning, so forgive me if you see a mistake). I just noticed NZDCAD is at R61 area and there is an engulfing bearish 15 mins candle, at a high ADR area. Also some other confluences (MACD and RSI is pointing down). Does this make sense? {image}
Search pairs wich are in conjuction with news events because economic events move markets these week for example nzd, cad and eur have interes rate decision so search for pairs inside these triangle
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  • #44,172
  • Apr 7, 2024 1:48pm Apr 7, 2024 1:48pm
By the way EUR/CAD,NZD/CAD and NJ are my favorits for these week ...
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  • #44,173
  • Edited Apr 8, 2024 1:12pm Apr 7, 2024 5:08pm | Edited Apr 8, 2024 1:12pm
Hello all, I couldn't find this pivot with fib levels in tradingview (if you know this exists already let me know) and I wrote an indicator for it... to me the logic seems okay but I could not match the numbers to the davit pivot trading indicator for mt4 (not sure why!), feel free to use this indicator and if you have any feedbacks let me know..

This indicator basically calculates the pivot using the high + low + close of previous week (assuming you use weekly timeframe for the pivot) divided by 3 and adds the fib levels based on the high low range of previous week.

https://www.tradingview.com/script/D...-Pivot-Points/


** update: I added a link to my pine script to refer to davit pivot point forum and my script got removed. I updated the description for the indicator and published a new one.. btw, fib level is matching this website (https://www.actionforex.com/markets/...-pivot-points/), so it should be good.

new indicator: https://www.tradingview.com/script/e...vot-Points-HL/
  • #44,174
  • Apr 8, 2024 12:07pm Apr 8, 2024 12:07pm
Quoting micromin
Hello all, I couldn't find this pivot with fib levels in tradingview (if you know this exists already let me know) and I wrote an indicator for it... to me the logic seems okay but I could not match the numbers to the davit pivot trading indicator for mt4 (not sure why!), feel free to use this indicator and if you have any feedbacks let me know.. This indicator basically calculates the pivot using the high + low + close of previous week (assuming you use weekly timeframe for the pivot) divided by 3 and adds the fib levels based on the high low range...
Look for weekly pivot points and compare
  • #44,175
  • Apr 8, 2024 12:20pm Apr 8, 2024 12:20pm
My 3 trades ...
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  • #44,176
  • Apr 9, 2024 11:22pm Apr 9, 2024 11:22pm
Trying some NJ shorts as like the location. R78 / ADR reached. Tight stops and might get a 4H pb.
Attached Image (click to enlarge)
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Successful trading is intrinsic to risk management and discipline
  • #44,177
  • Apr 10, 2024 2:55am Apr 10, 2024 2:55am
Quoting micromin
Hello all, I couldn't find this pivot with fib levels in tradingview (if you know this exists already let me know)
search for "Fibonacci Pivot Points Ultimate" by Ito_Process
Muni loves you all!
  • #44,178
  • Apr 10, 2024 3:05am Apr 10, 2024 3:05am
for todays news, i am watching nzd/cad to short it...
Muni loves you all!
  • #44,179
  • Apr 10, 2024 3:13am Apr 10, 2024 3:13am
Quoting MuniFX
I sold some audnzd I put a pending sell at wr100 (the untested q1 r1 sits at the same level 1.094x)
took some profit..
rest of position is secured by sl.. lets see how far it can push down..
if chart forms weekly inside bar.. move can already be over for this week..
(monthly pivot is at 1.082x)
Muni loves you all!
  • #44,180
  • Apr 10, 2024 6:45am Apr 10, 2024 6:45am
AC Short GA Long
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the highest point comes before the fall
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