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Pivot Trading

  • #301
  • May 26, 2016 9:01am May 26, 2016 9:01am
Quoting toksy
{quote} 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
Can't share.Its paid program.Sorry
In trading, you have to be defensive and aggressive at the same time
  • #302
  • May 26, 2016 11:01am May 26, 2016 11:01am
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
Evening All. Toksy, I'm with you hoping it'll drop to R38
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  • #303
  • May 26, 2016 1:58pm May 26, 2016 1:58pm
Quoting Davit
{quote} Can't share.Its paid program.Sorry
ok thanks anyways
  • #304
  • Edited 2:16pm May 26, 2016 2:03pm | Edited 2:16pm
Quoting lukyman
{quote} Evening All. Toksy, I'm with you hoping it'll drop to R38 {image}
well lukyman i have closed gbpusd for a profit still watching also ecad hit TP for profit.my nzdusd is also running and my audcad
  • #305
  • May 26, 2016 7:04pm May 26, 2016 7:04pm
Quoting Davit
{quote} 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 {image}

I find need to add the right levels and most of all no fib levels to keep it simple. But thanks anyway.
  • #306
  • May 27, 2016 2:16am May 27, 2016 2:16am
waiting for GA to go sell any comment
  • #307
  • May 27, 2016 4:42am May 27, 2016 4:42am
Quoting wolf300
{quote} I find need to add the right levels and most of all no fib levels to keep it simple. But thanks anyway.

Davit if you don't mind I'd stear wolf to a fella named almuten here in FF, deletes the fibs and just adds levels to the indicator, might be more what wolf's looking for. Post 255 in his Hac & Rac thread
"You know what needs to be addressed , completely completely reverse that".
  • #308
  • May 27, 2016 5:41am May 27, 2016 5:41am
Quoting Kmw
{quote} Davit if you don't mind I'd stear wolf to a fella named almuten here in FF, deletes the fibs and just adds levels to the indicator, might be more what wolf's looking for. Post 255 in his Hac & Rac thread
Hi friend.That's perfectly fine what he wants to do.1st he says my pivot is great indicator then he wants to change EVERYTHING including fib levels.
Well might as well start with clean sheet.
To me fib levels are most powerful and my account knows it as well
Not changing anything on my side.
regards
In trading, you have to be defensive and aggressive at the same time
  • #309
  • May 27, 2016 5:46am May 27, 2016 5:46am
Quoting toksy
waiting for GA to go sell any comment
choose easier pairs to trade.I recommend trading G crosses after 5yrs of trading experience or you will pay dearly by massive sudden spikes and erratic moves.
Stick with pairs that are less then 120 pip ADR
In trading, you have to be defensive and aggressive at the same time
  • #310
  • May 27, 2016 6:16am May 27, 2016 6:16am
Just making sure here, my R38 pivot line moved last night. before bed, I had sold GJ right below the pivot line (the line was at the area where I have an arrow) and I find the line moved up by 35 pips. Is this normal or have I missed something?

Thx.
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  • #311
  • May 27, 2016 6:54am May 27, 2016 6:54am
Quoting Davit
{quote} choose easier pairs to trade.I recommend trading G crosses after 5yrs of trading experience or you will pay dearly by massive sudden spikes and erratic moves. Stick with pairs that are less then 120 pip ADR

Got to agree, GA's been giving me a hard time lately
"You know what needs to be addressed , completely completely reverse that".
  • #312
  • May 27, 2016 7:57am May 27, 2016 7:57am
Quoting Davit
{quote} choose easier pairs to trade.I recommend trading G crosses after 5yrs of trading experience or you will pay dearly by massive sudden spikes and erratic moves. Stick with pairs that are less then 120 pip ADR

ok will do exactly that thanks
  • #313
  • May 28, 2016 3:03pm May 28, 2016 3:03pm
Going to Short GJ and Long UC next week.
Thoughts?
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  • #314
  • May 29, 2016 9:09am May 29, 2016 9:09am
Hi Davit do you have somewhere articles with information about how to manage ME?
How to enter me and exit...?
THX
  • #315
  • May 29, 2016 10:01am May 29, 2016 10:01am
Quoting awcharts
Going to Short GJ and Long UC next week. Thoughts? {image}
Hi A
Best be open to possibility that what you anticipate may not materialize.
New week unfolding and watch PA for direction.
GJ could test 61R
In trading, you have to be defensive and aggressive at the same time
  • #316
  • May 29, 2016 10:01am May 29, 2016 10:01am
Quoting maxtill
Hi Davit do you have somewhere articles with information about how to manage ME? How to enter me and exit...? THX
Hi Max
What is ME?
In trading, you have to be defensive and aggressive at the same time
  • #317
  • May 29, 2016 10:06am May 29, 2016 10:06am
Multi enters, like you)
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  • #318
  • May 29, 2016 10:31am May 29, 2016 10:31am
Quoting maxtill
Multi enters, like you) {image}
I treat My entries as badges as 1 trade consist of 4-6 average mini trades.When I exit I closed them all.
My average distance is 50-100pips which usually same distance PA travels from 1 pivot to another.
When you look at the chart you know when to exit.
MY AN exit was 730 which was previous R and true enough did not break higher yet.
To conclude watch the chart and behavior.
If you want to educate yourself you can watch lots of videos on support and resistance online but frankly in general most are useless.
Trading requires more.Think about this if trend lines S/R, MA cross overs, Overbought oversold oscillators was so obvious then how it happens that 95% traders lose in Forex.
Answer is simple.They don't work.If majority of traders using typical technical analyses and lose then you must think outside of box.
regards
ON ME I took the idea from a book called "Bird Watching in Lion Country"
Not many understand this book properly.I thought it was a gem.
In trading, you have to be defensive and aggressive at the same time
  • #319
  • May 29, 2016 10:42am May 29, 2016 10:42am
I also use limit orders in my advantage since I work 70hrs a week I have no time for perfect entries so I place limits at key zones and wait to see what happens.
Got AN at 38S waiting
Would it dive again? Don't know.Does it hurt being there? no but should it trigger and bounce up you will be in profit without effort.
I have collected thousands of pips using this technique over the years.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #320
  • May 29, 2016 11:33am May 29, 2016 11:33am
titles available as a PDF, just google it
"You know what needs to be addressed , completely completely reverse that".
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