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Pivot Trading

  • #281
  • May 25, 2016 10:49pm May 25, 2016 10:49pm
Quoting lukyman
Hello All. Mraam. I have been out all day, came home to what was going to be my first losing day since being blessed by this thread. Turned laptop on to see two out of three trades were stopped out for 30 pips. And my Aud/Nzd was looking in very poor health. Oh well, I cant grumble. Then the aussie shot up like a rocket! Today is a good day x
Hi Lukyman
I suggest reducing your lot size and get out when in reasonable profit.You must change your mindset from sprinting to marathon running.
Build account in methodical slow way.
I hit 10-20% a month so not bad trading small lots.Advatage is losses don't kill me.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #282
  • May 25, 2016 10:59pm May 25, 2016 10:59pm
Quoting lukyman
Hello All. Mraam. I have been out all day, came home to what was going to be my first losing day since being blessed by this thread. Turned laptop on to see two out of three trades were stopped out for 30 pips. And my Aud/Nzd was looking in very poor health. Oh well, I cant grumble. Then the aussie shot up like a rocket! Today is a good day x
Yeah the G crosses are all on a roll. Your 30pip stops for GJ is quite small dont you think? Since its daily ADR is huge.

Quoting Davit
{quote} thanks friend Agree its a great roadmap Welcome! closed my AN longs +382pips Reason of exit is previous top.May get in again should it tank 650-30 sopport {image}
Awesome!
It went through a roller coaster after you went long... how come you were so sure it was going up? and didnt the stops trigger when it went down (many times after you took it)...

Cheers
Silence your Ego & Your Power will Rise
  • #283
  • May 25, 2016 11:13pm May 25, 2016 11:13pm
Quoting mraam
{quote} Yeah the G crosses are all on a roll. Your 30pip stops for GJ is quite small dont you think? Since its daily ADR is huge. {quote} Awesome! It went through a roller coaster after you went long... how come you were so sure it was going up? and didnt the stops trigger when it went down (many times after you took it)... Cheers
I allow room for DD
DD is not necessarily a bad thing as long as you know how much you are willing to let it accumulate.
DD for me is the stop loss.As long as its within reason I usually stay on course unless clearly PA is proving me wrong.This is one of the reasons I am a huge advocate of cost averaging and trading small lots.
Between 650-40 I had 5 orders.PA only went 629'sh that's small DD Which I could easily hold.Hope this answers your question
regards
In trading, you have to be defensive and aggressive at the same time
  • #284
  • May 25, 2016 11:24pm May 25, 2016 11:24pm
Quoting Davit
{quote} I allow room for DD DD is not necessarily a bad thing as long as you know how much you are willing to let it accumulate. DD for me is the stop loss.As long as its within reason I usually stay on course unless clearly PA is proving me wrong.This is one of the reasons I am a huge advocate of cost averaging and trading small lots. Between 650-40 I had 5 orders.PA only went 629'sh that's small DD Which I could easily hold.Hope this answers your question regards
It does thanks. I also noticed that 3 of your longs were taken before the tdi cross. You must have been really sure!

Cheers
Silence your Ego & Your Power will Rise
  • #285
  • May 25, 2016 11:26pm May 25, 2016 11:26pm
Quoting mraam
{quote} It does thanks. I also noticed that 3 of your longs were taken before the tdi cross. You must have been really sure! Cheers
previous support
Yellow box
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #286
  • May 25, 2016 11:30pm May 25, 2016 11:30pm
Don't want to confuse but I also follow harmonics.
UP side AN is wide open meaning in long run PA will go up.That's why I am not afraid of bear spikes
Now that I am out I would not mind below 690 again to build another set of longs
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 55 KB
In trading, you have to be defensive and aggressive at the same time
  • #287
  • May 26, 2016 12:33am May 26, 2016 12:33am
Quoting Davit
Don't want to confuse but I also follow harmonics. UP side AN is wide open meaning in long run PA will go up.That's why I am not afraid of bear spikes Now that I am out I would not mind below 690 again to build another set of longs {image}
Hey Davit,
thanks for the great thread and the indicators.

Quick question: griffinsoul got the copyright on your "Davits Pivot V2 Copy"

Not sure if you can help or should I ask griffinsoul (no PM activated)

I would like to know how to add more levels to this realy great indicator, but I don`t know how.

R+S 25, R+S 50, R+S 125 and R+S 150 would be great to have as market often respects 50% of a move.

(I know 50 is not fib, but smart money is ordering in % or a pip count not in fib as you know.)

If you or griffin could show me, I can do the boring part as it takes some time to type the repeating stuff.

I already changed (just for my use) All levels to %steps like fib 38,2 is 37,5%, 78 fib (wrong calculated should be 100-23,8=76,2) is 75%, 61,8 fib is 62,5% like I changed my mt4 fib tool long time ago to 12,5% steps. Amazing how often 50 and 62,5% is touched to the pip in all TF`s.

Would be realy nice if you or griffinsoul could help me ! Thanks in advance.

Regards
  • #288
  • May 26, 2016 1:06am May 26, 2016 1:06am
Quoting wolf300
{quote} Hey Davit, thanks for the great thread and the indicators. Quick question: griffinsoul got the copyright on your "Davits Pivot V2 Copy" Not sure if you can help or should I ask griffinsoul (no PM activated) I would like to know how to add more levels to this realy great indicator, but I don`t know how. R+S 25, R+S 50, R+S 125 and R+S 150 would be great to have as market often respects 50% of a move. (I know 50 is not fib, but smart money is ordering in % or a pip count not in fib as you know.) If you or griffin could show me, I can do the...
Keep it simple.I find no need to add more levels.Make sure indicators shows all levels.
You can take the indicator to tech forum and lots of guys there will gladly help like Hanover.
regards
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #289
  • May 26, 2016 5:05am May 26, 2016 5:05am
Quoting Davit
{quote} Hi Lukyman I suggest reducing your lot size and get out when in reasonable profit.You must change your mindset from sprinting to marathon running. Build account in methodical slow way. I hit 10-20% a month so not bad trading small lots.Advatage is losses don't kill me. Regards
Yes, indeed Davit. Starting Monday I am going to attack this method with strict disciplined rules. I admit I have been going crazy with my lot sizes, but, and I stress, it was with free money. Two more crazy days (Ihope) then I aim to be a star pupil!
  • #290
  • May 26, 2016 6:41am May 26, 2016 6:41am
Quoting Davit
{quote} thanks friend Agree its a great roadmap Welcome! closed my AN longs +382pips Reason of exit is previous top.May get in again should it tank 650-30 sopport {image}
. Great Catch
Forex; the game of movements not the game of candles.
  • #291
  • May 26, 2016 8:47am May 26, 2016 8:47am
Quoting Sajid
{quote} . Great Catch
Thanks friend
Closed GU shorts
+82pips
Rejection of 61R
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #292
  • May 26, 2016 8:50am May 26, 2016 8:50am
Quoting Davit
{quote} Thanks friend Closed GU shorts +82pips Rejection of 61R {image}
Excellent
Forex; the game of movements not the game of candles.
  • #293
  • May 26, 2016 8:57am May 26, 2016 8:57am
Quoting Sajid
{quote} Excellent
Thanks Sajid
AN hitting the weekly pivot
My bias is long and will start building long term longs aiming much higher.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #294
  • May 26, 2016 9:09am May 26, 2016 9:09am
Quoting Davit
{quote} Thanks Sajid AN hitting the weekly pivot My bias is long and will start building long term longs aiming much higher. {image}
Sir, It seems that AN will go down further till 1.05. If you are aiming a small target then it may be OK for long.
Forex; the game of movements not the game of candles.
  • #295
  • May 26, 2016 9:15am May 26, 2016 9:15am
Quoting Sajid
{quote} Sir, It seems that AN will go down further till 1.05. If you are aiming a small target then it may be OK for long.
It could but fundamentals not there for that to happen unless another surprise RBA cut looming its not likely to happen.
regards
In trading, you have to be defensive and aggressive at the same time
  • #296
  • May 26, 2016 9:33am May 26, 2016 9:33am
Quoting Davit
{quote} It could but fundamentals not there for that to happen unless another surprise RBA cut looming its not likely to happen. regards
I do not think that the Reserve Bank of Australia is going to cut down the rates anytime soon
FXOpen - International True ECN Broker
  • #297
  • May 26, 2016 10:19am May 26, 2016 10:19am
Closed another set of shorts on GU
+63 total 145 pips today on GU
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #298
  • May 26, 2016 10:20am May 26, 2016 10:20am
Quoting Davit
{quote} Thanks friend Closed GU shorts +82pips Rejection of 61R {image}

hello davit am still in GU short it going well for now but watching to see it it can get to 31R am also in ecad long,audcad long,still good now but watching.any comment
  • #299
  • May 26, 2016 10:23am May 26, 2016 10:23am
Quoting toksy
{quote} hello davit am still in GU short it going well for now but watching to see it it can get to 31R am also in ecad long,audcad long,still good now but watching.any comment
looking good
2 pairs AC EC I always sell never buy.That's just me.Like Canadian dollar I guess.Not the levels I like to sell yet but not comfortable buying it either considering oil gains
crude live chart
http://www.livecharts.co.uk/MarketCharts/crude.php
In basic terms in order for your longs on AC and EC to have legs crude must drop.
In trading, you have to be defensive and aggressive at the same time
  • #300
  • May 26, 2016 10:31am May 26, 2016 10:31am
Quoting Davit
{quote} looking good 2 pairs AC EC I always sell never buy.That's just me.Like Canadian dollar I guess.Not the levels I like to sell yet but not comfortable buying it either considering oil gains crude live chart http://www.livecharts.co.uk/MarketCharts/crude.php In basic terms in order for your longs on AC and EC to have legs crude must drop.

thanks davit for the comment every of your comment is an eye opener i appreciate.

please davit can you share that harmonic indicator will appreciate
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