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Pivot Trading

  • #201
  • May 19, 2016 2:25pm May 19, 2016 2:25pm
Quoting Hr4x
{quote} Today's some entries on NU ... 15m TF .... only short positions taken from daily pivot (blue line) {image}
Are you using my pivot? Hard seeing your chart
In trading, you have to be defensive and aggressive at the same time
  • #202
  • May 19, 2016 4:44pm May 19, 2016 4:44pm
Davit

Is there a way to edit your pivot indicator to show previous weeks?
  • #203
  • May 19, 2016 7:04pm May 19, 2016 7:04pm
Quoting 1kato
Davit Is there a way to edit your pivot indicator to show previous weeks?
If you google or even search here at FF you'll find many that do that.I find it just clutters the chart.I am not holding trades for weeks so don't find the need.
In trading, you have to be defensive and aggressive at the same time
  • #204
  • May 19, 2016 7:04pm May 19, 2016 7:04pm
Quoting Davit
{quote} Hi Mraam I mainly use swings tops and bottoms as exits and sometimes hang to see if there is more action in same direction. Example my EA trade I should of got out at 61S but held on thinking it may go lower but it didn't and closed at 50% profit. Its a constant struggle to close? or not at least for me. So swings can be anywhere 50pips to 100 depending on pair.Any gains more then 50pips is reasonable profit. regards {image}
Davit,

Can you please clarify for me - how the center 'Pivot' line considered when planning trades? By this I mean: my understanding is that e.g. the s61 pivot is a reasonably strong resistance and the s100 even more so, thus if PA bumps along the s61 line a few times then I have a reasonable expectation that it will head back up to the zero pivot centerline. What puzzles me is how to know which direction to trade when PA is AT the centerline - it is effectively zero 'gravity' if you see what I mean.
Your trade here - how did you know to go short when PA was in consolidation at the centerline? Did you use some fundamental analysis or am I missing a major aspect of pivots?
  • #205
  • May 19, 2016 7:14pm May 19, 2016 7:14pm
Quoting Nostromo
{quote} Davit, Can you please clarify for me - how the center 'Pivot' line considered when planning trades? By this I mean: my understanding is that e.g. the s61 pivot is a reasonably strong resistance and the s100 even more so, thus if PA bumps along the s61 line a few times then I have a reasonable expectation that it will head back up to the zero pivot centerline. What puzzles me is how to know which direction to trade when PA is AT the centerline - it is effectively zero 'gravity' if you see what I mean. Your trade here - how did you know to...
Hard answering you exactly but I'll try. EA is combination of AU and EU .AU making reasonable gains but EU is stuck at 1200 so that effects EA directly.
I watch how majors behave when trading crosses.Momentum has lot to do with it plus simple PA reading.
In most cases I don't trade from pivot but in case of EA I did based on reasons I mentioned.
REgards

Made great gains trading 1 pair few days.Reentered shorts on EA
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
  • #206
  • May 19, 2016 8:58pm May 19, 2016 8:58pm
Quoting 1kato
Davit Is there a way to edit your pivot indicator to show previous weeks?
here,but it pivot the same as Davit's,but it didn;t show S/R 78
You can modify it,not difficult.
Attached File(s)
File Type: ex4 Auto-Pivot_Plotter_Weekly_V2__1.ex4   20 KB | 920 downloads
File Type: mq4 Auto-Pivot_Plotter_Weekly_V2__1.mq4   11 KB | 1,061 downloads
  • #207
  • May 19, 2016 9:26pm May 19, 2016 9:26pm
Quoting Davit
{quote} Hard answering you exactly but I'll try. EA is combination of AU and EU .AU making reasonable gains but EU is stuck at 1200 so that effects EA directly. I watch how majors behave when trading crosses.Momentum has lot to do with it plus simple PA reading. In most cases I don't trade from pivot but in case of EA I did based on reasons I mentioned. REgards Made great gains trading 1 pair few days.Reentered shorts on EA {image}
Davit, thanks for the response, so basically the central pivot point is neutral and trades around there need to be based on other PA/fundamental analysis.
  • #208
  • May 19, 2016 9:31pm May 19, 2016 9:31pm
Quoting Nostromo
{quote} Davit, thanks for the response, so basically the central pivot point is neutral and trades around there need to be based on other PA/fundamental analysis.
Correct I think of weekly pivot as equilibrium.When price runs away from it resistance becomes greater as further it travels.
You can observe this by viewing any pair.
In trading, you have to be defensive and aggressive at the same time
  • #209
  • May 19, 2016 9:50pm May 19, 2016 9:50pm
Davit,

Last request for the weekend! I am using all your page 1 indis and template, problem is I think 3 of the indis are missing? The ADR, market_price_label and lpm_pips labels (green color, top left, top right and bottom right) are permanently frozen on my screen from the installation which makes me think there should be an indicator file for them.
Could you upload those please?
  • #210
  • May 19, 2016 9:54pm May 19, 2016 9:54pm
Quoting Nostromo
Davit, Last request for the weekend! I am using all your page 1 indis and template, problem is I think 3 of the indis are missing? The ADR, market_price_label and lpm_pips labels (green color, top left, top right and bottom right) are permanently frozen on my screen from the installation which makes me think there should be an indicator file for them. Could you upload those please?
Thanks I will update the 1st page
Attached File(s)
File Type: mq4 pipsometer_decimal_edit_2.mq4   4 KB | 1,278 downloads
File Type: ex4 ADR_v2.ex4   11 KB | 1,486 downloads
In trading, you have to be defensive and aggressive at the same time
  • #211
  • Edited 11:34pm May 19, 2016 10:31pm | Edited 11:34pm
Quoting Davit
{quote} Correct I think of weekly pivot as equilibrium.When price runs away from it resistance becomes greater as further it travels. You can observe this by viewing any pair.
Yes this explanation is excellent.. resistance increases moving away from the center.

Davit youre the swing master.. err Swing Trader I mean...

I took this last night and closed it today when price was coming down. Dont usually trade spot as the range is volatile. But this worked out. But notice the chart on my live account is very different from the Oanda Demo Server.

Thanks for sharing your method Davit, Not all my trades worked out but I see a logic in this.

Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH1 FF.png Size: 53 KB
Click to Enlarge Name: XAUUSDH1 FF Oanda.png Size: 41 KB
Silence your Ego & Your Power will Rise
  • #212
  • May 20, 2016 1:32am May 20, 2016 1:32am
hi Davit.May I ask as you trade swing.how do you set your SL
  • #213
  • Edited 5:59am May 20, 2016 5:28am | Edited 5:59am
Hi Davit,

Nice inverted view of ACAD. Pattern is there but thinking the continuation and momentum will have to come via continued CAD selloff.

Know its one you like to trade so sure your looking at it. :nerd:

Don't know what your indicator is saying but sure the daily would be showing a turnover with a pulling away from weekly open. Maybe next week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AC20_001.png Size: 86 KB
Click to Enlarge Name: AC20_002.png Size: 81 KB
  • #214
  • May 20, 2016 7:37am May 20, 2016 7:37am
Quoting squawk
Hi Davit, Nice inverted view of ACAD. Pattern is there but thinking the continuation and momentum will have to come via continued CAD selloff. Know its one you like to trade so sure your looking at it. :nerd: Don't know what your indicator is saying but sure the daily would be showing a turnover with a pulling away from weekly open. Maybe next week. {image} {image}
Thanks Squawk for your chart.ATM this pair is not at the level worth trading now.
Right now my focus is on EA AN UC
AN Came so close to trigger my limit buy at 6550 missed by a hair.Not in a rush.Got my army waiting.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #215
  • May 20, 2016 7:39am May 20, 2016 7:39am
Quoting leescofield
hi Davit.May I ask as you trade swing.how do you set your SL
I posted about this.I don't set hard stops but do have % when in DD I get out.
In trading, you have to be defensive and aggressive at the same time
  • #216
  • May 20, 2016 7:41am May 20, 2016 7:41am
Quoting mraam
{quote} Yes this explanation is excellent.. resistance increases moving away from the center. Davit youre the swing master.. err Swing Trader I mean... I took this last night and closed it today when price was coming down. Dont usually trade spot as the range is volatile. But this worked out. But notice the chart on my live account is very different from the Oanda Demo Server. Thanks for sharing your method Davit, Not all my trades worked out but I see a logic in this. Cheers {image} {image}
Nice job
Its all about more winners then losers on distance
Just be mindful trading exotics spread on those are not favorable.
In trading, you have to be defensive and aggressive at the same time
  • #217
  • May 20, 2016 7:44am May 20, 2016 7:44am
Watching EC to get to 38R when I may start building my shorts
Funny part is I stopped looking at MA's that is any MA's and result has been very liberating.I can imagine how lot of traders get caught up in MA's
and get all tangle up.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #218
  • May 20, 2016 11:31am May 20, 2016 11:31am
Quoting Davit
{quote} Thanks Squawk for your chart.ATM this pair is not at the level worth trading now. Right now my focus is on EA AN UC AN Came so close to trigger my limit buy at 6550 missed by a hair.Not in a rush.Got my army waiting. Regards
No worries Davit. Good luck suspect 6550 will come around again.
  • #219
  • May 20, 2016 2:13pm May 20, 2016 2:13pm
Evening 'Davit Pivot Traders'. Davit, before you get 'angry' let me explain. I easily got my required 12% for my account. But, I also had LOTS more so I saw this set-up and, I suppose you could say I was slightly aggressive! The only problem, where am I going to TP? I guess the obvious is 159.536 R78?...
Thanks again Davit.
Attached Image (click to enlarge)
Click to Enlarge Name: Davit super..png Size: 38 KB

P.S Yes, I know I broke the rules, sorry
  • #220
  • May 20, 2016 3:08pm May 20, 2016 3:08pm
Nah, sod that. Aiming for 158.835!
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