Pivot Trading

Quoting Hr4x

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{quote} Today's some entries on NU ... 15m TF .... only short positions taken from daily pivot (blue line) {image}

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Quoting 1kato

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Davit Is there a way to edit your pivot indicator to show previous weeks?

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Quoting Davit

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{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}

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Quoting Nostromo

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{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...

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Quoting 1kato

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Davit Is there a way to edit your pivot indicator to show previous weeks?

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Quoting Davit

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{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}

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Quoting Nostromo

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{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.

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Quoting Nostromo

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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?

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Quoting Davit

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{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.

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Quoting squawk

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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}

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Quoting leescofield

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hi Davit.May I ask as you trade swing.how do you set your SL

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Quoting mraam

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{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}

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Quoting Davit

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{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

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