Pivot Trading

usdacd 4h chart looks crazy..

news in an hour ...
I put a sell limit at 1.381x

usdcad ... 9th bullish daily candle in a row...

When to BUY and When to SELL
SELL: Whenever the market hit R38, R61, R78, R100 above the weekly pivot point. Then wait for the Heiken Ashi to confirm sell after the close of that candle enter the market. Or Wait for the TDI Green to cross Red downside then enter the market.
BUY: Whenever the market hit S38, S61, S78, S100 below the weekly pivot point. Then wait for the Heiken Ashi to confirm buy after the close of that candle enter the market. Or Wait for the TDI Green to cross Red upside then enter the market.

the way I see the system

Hi Everyone
Does anyone know how is this being calculated manually for each retracement level using Pivot?
I can only calculate Weekly Pivot manually (High of Previous Week + Low of Previous Week + Close of Previous Week)/3 = Weekly Pivot
How do I calculate for R38,S38 and etc manually? Anyone knows?

R38 = PP + (lastweek high - lastweek low) *0,382
R61 = PP + (lastweek high - lastweek low) *0,618
etc

S38 = PP - (lastweek high - lastweek low) *0,382
etc

USDCAD and EURUSD totally overextended... I am shorting the dollar here with small position. Will add when the news are green.

Yep agreed, bought AUDUSD, GBPUSD, and EURUSD earlier today. USD's very much overextended at the moment - Just a matter of time before it retraces quite a bit.

yes, moves are perfect textbook examples

Adjusting the target...

Im still in these trades, albeit in a bit of a drawdown. DXY has been looking overbought for a while too.

Just a question of whether there'll be a nice retracement from tomorrows news or if itll continue until elections

anyone got in touch with davit recently? dm?? is he replying to private messages?

it looks like he wants to enjoy life and not coming soon to trading.

Hey Traders , just checking in on various trading activity on this wonderful thread that DAVIT created. Not much activity unfortunately. However , FOREX MARKET is still blistering along , particularly the USD/CAD , which is the only pair that I trade.
For anyone who trades this pair , the LONG TERM TREND BIAS OF THIS PAIR IS STILL ---LONG !!!! In order for the LONG TERM TREND BIAS TO BE BROKEN , and form a SHORT TREND BIAS, this pair would have to CLOSE below the price of 1.20061 which was established during the week beginning May 30 , 2021 !!!!
Currently , this pair is in an INTERMEDIATE SHORT TERM TREND !!!! Will it continue lower or will this pair head for new highs , I don't have a clue. I just take what the market gives me according to DAVIT'S PIVOT POINTS , which clearly work. I have found that PATIENCE is an absolute necessity. Since , the evolution of computers , human beings have had PATIENCE programmed OUT OF THE HUMAN PSYCHE. People want everything and anything instantly. Everyone wants to be a YOUTUBE MILLIONAIRE in a week , or be a millionaire from trading within a week. PATIENCE is the key.
Still , the most important Page on this entire thread is Page 1. Follow the instructions and you will be profitable consistently.
Don't give up , this thread contains every tidbit of trading education that anyone needs. The more sites you visit , the more confused you will become and you will permit doubt to enter your thinking. Simple concepts are the best , that's why this thread is so fantastic.
I remember when DAVIT challenged us to use "naked charts" , just his PIVOT POINTS , NO INDICATORS OF ANY KIND !!!! Talk about FEAR !!! Best thing that ever happened to me. Then , and only then , did I REALLY BEGIN TO UNDERSTAND PRICE ACTION AND MARKET STRUCTURE.
I am convinced that anyone who wants to FOCUS ONLY ON THIS ONE THREAD , can earn as much money as they want.
Sincerely ,
GE

Hi,

I'm still trading pivot points.

Kind Regards

Are there situations where price goes beyond 100? What do you do when it happens like that?

Thank you so much for this system I'm coming from using no nonsense forex and just breaking even after years and years within the first month I have had so much success following this system to the T. Anyone deep diving on this system it is easy to follow but you must be strict on your entries also the multiple smaller entries has gotten me a better average down price almost everytime. Thank you Davits so much for this and all your time.
I know you mainly use 30min-15min timeframe but for me the 1 hour has been the best results just so I can hold a little longer.

Good morning, yes there are. I personally don't enter trades like that as a possible pull back to the weekly pivot however you can wait until the following week as mentioned by Nittohaus and cherry pick as it moves toward the WPP in the first part of the week. The WPP always shifts in the next week based on moves in the prior week, unless it is within a range. Cherry picking seems to work best when price moves above 100, 138, 161.

Again, this depends on fundamentals, and price movement. There are never guarentees and moves that are random can always occur. Sort of like rogue waves. Good luck. Slow and steady wins the race.

Exactly WPP are areas of propabilities not guaranties Example how to trade them with the trend...

GC in the zone