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Pivot Trading

  • #661
  • Jun 23, 2016 11:05pm Jun 23, 2016 11:05pm
Quoting Davit
HEADS UP ON UC Its severely oversold and its not a Euro pair.It will correct soon.
usdcad overbought?
  • #662
  • Jun 23, 2016 11:12pm Jun 23, 2016 11:12pm
Quoting MoneyMikeFx
Hello Davit, have been reading this thread all week and studying it, since I decided not to live trade this week! Looking forward to learning more from this method. I have been on the TMS Side for a while now and was referenced By Lastingwell to check you out about the pivots. Very interesting stuff, subscribed! Green pips!!
Welcome friend
This thread is all about pivots and PA.No fluff
green pips
In trading, you have to be defensive and aggressive at the same time
  • #663
  • Jun 23, 2016 11:13pm Jun 23, 2016 11:13pm
UC hit R61 to a T and reversed.I posted heads up on this.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 33 KB
In trading, you have to be defensive and aggressive at the same time
  • #664
  • Jun 23, 2016 11:16pm Jun 23, 2016 11:16pm
Quoting forexer11
{quote} usdcad overbought?
Same thing.When I mentioned UC I mean Canadian dollar oversold which is same as saying USD overbought
In trading, you have to be defensive and aggressive at the same time
  • #665
  • Jun 23, 2016 11:24pm Jun 23, 2016 11:24pm
Quoting Davit
UC hit R61 to a T and reversed.I posted heads up on this. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB


my chart and yours is not same
it is ok?
  • #666
  • Jun 23, 2016 11:31pm Jun 23, 2016 11:31pm
Quoting forexer11
{quote} {image} my chart and yours is not same it is ok?
Broker time difference. Play with settings until you get close to 3098 61R
You are off about 17pips which is a lot.My broker is based in NY city.

Try broker time false
see if that make it closer or play with candle starts.
In trading, you have to be defensive and aggressive at the same time
  • #667
  • Jun 23, 2016 11:38pm Jun 23, 2016 11:38pm
Quoting Davit
Guys thanks for keeping this thread alive! made shitload of money today over 750 pips onNU shorts and over 670pips on AC shorts Both positions were on DD but since I trade with DD as part of my SL it did not reach my SL both pairs. Serious profits today. {image} {image}
Excellent Davit, keep making PIPS.
Congrasts, I am really happy for you

Those DAVIT ' S PIVOTS are amazing! Really work for me

Regards,
CC
  • #668
  • Jun 24, 2016 12:02am Jun 24, 2016 12:02am
G/U has hit record low under 1.34
since 1985!
When do we expect the markets to normalize?
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  • #669
  • Jun 24, 2016 12:15am Jun 24, 2016 12:15am
Quoting Davit
UC hit R61 to a T and reversed.I posted heads up on this. {image}
Thanks Davit. And well done!
  • #670
  • Jun 24, 2016 1:25am Jun 24, 2016 1:25am
Quoting Davit
This month officially has been best ever in my trading account gain of 40.40% {image}
Silence your Ego & Your Power will Rise
  • #671
  • Jun 24, 2016 3:54am Jun 24, 2016 3:54am
Hi Davit and All

First, thanks to Davit for your wonderful idea for trading!
I've been reading and studding this thread and found it informative,specially with davit excellent works.
I just want to trade oil and gold by your system.since i'm new to this method,i started trading in demo's.
my first demo's trade was on USOIL,M30 and it's stopped out!
i opened 4 Sell position around R61 and put SL around R78 and TP was on R38. as you see it hit all my SL and then went for R38 even lower.... what was wrong with this trade?!
i appreciate any comments!

thanks in advance
meko
Attached Image (click to enlarge)
Click to Enlarge Name: usoil-m30-hf-markets-ltd-7.png Size: 39 KB
  • #672
  • Edited 8:04am Jun 24, 2016 4:42am | Edited 8:04am
My first Davit's Pivot trade and it's promising.
Thanks Davit.

Attached Image (click to enlarge)
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Finished with +35 pips. I noticed that R level is different too.

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  • #673
  • Jun 24, 2016 6:44am Jun 24, 2016 6:44am
Quoting Davit
{quote} Broker time difference. Play with settings until you get close to 3098 61R You are off about 17pips which is a lot.My broker is based in NY city. Try broker time false see if that make it closer or play with candle starts.
Hi Davit and all. Davit, I'm about 16 pips off from your chart like a previous poster. Infoserve's chart above is same as mine. I've read the thread and played with 1 hr candle start/finish settings for every hour known to man, changed broker to false/true back and forth. Settings (R61 level on U/C) move in only 2 ways. They remain where they are (16 pips out) or show S78 a bit lower. There is no incremental move up or down when i adjust 1 hr candle start/finish settings. My broker is in Malta and i am east coast Australia. Can anyone please point me to a reference source/equation/formula so i can just fix the thing and get on with trading? A few others seem confused too. Does the creator of the indy hang out on any particular thread/site? Otherwise i'll just keep it as is and take into account the 16 pip difference. Many thanks in advance.
'Fail to plan, plan to fail'
  • #674
  • Jun 24, 2016 7:06am Jun 24, 2016 7:06am
Quoting Guitarbloke
{quote} Hi Davit and all. Davit, I'm about 16 pips off from your chart like a previous poster. Infoserve's chart above is same as mine. I've read the thread and played with 1 hr candle start/finish settings for every hour known to man, changed broker to false/true back and forth. Settings (R61 level on U/C) move in only 2 ways. They remain where they are (16 pips out) or show S78 a bit lower. There is no incremental move up or down when i adjust 1 hr candle start/finish settings. My broker is in Malta and i am east coast Australia. Can anyone please...
Hi Guitar I would love more info on this as well since I too notice a difference between trader's charts. Davit probably doesn't know exactly why this is so hopefully someone else will have an answer or an idea.
who dares wins
  • #675
  • Jun 24, 2016 7:41am Jun 24, 2016 7:41am
Quoting MasterJedi
{quote} Hi Guitar I would love more info on this as well since I too notice a difference between trader's charts. Davit probably doesn't know exactly why this is so hopefully someone else will have an answer or an idea.
Thanks Jedi. Yep, will be good to get it sorted out. The tools need to be correct before we begin. I note Money mike's chart is way different to mine level wise too, much more than 16 pips lol. I hope his is correct. There will be a simple solution/calculation around.
'Fail to plan, plan to fail'
  • #676
  • Jun 24, 2016 8:05am Jun 24, 2016 8:05am
Guys will try to sort this issue this weekend or a week. I apologize for the inconvenience.
thank you
In trading, you have to be defensive and aggressive at the same time
  • #677
  • Jun 24, 2016 8:11am Jun 24, 2016 8:11am
Quoting Guitarbloke
{quote} Thanks Jedi. Yep, will be good to get it sorted out. The tools need to be correct before we begin. I note Money mike's chart is way different to mine level wise too, much more than 16 pips lol. I hope his is correct. There will be a simple solution/calculation around.
Guys,

I had a look at the way the pivots are calculated and it looks like they are based on previous period (High+Low+Close) / 3. Therefore if you have a different broker, or are in a different timezone to Davit your close candle will be different, so expect to see a difference based on that.

You can actually choose the calculation basis for the pivots - look at Pivot_meth in settings.

As always - please correct me if I am wrong about this!
  • #678
  • Jun 24, 2016 8:12am Jun 24, 2016 8:12am
Quoting Meko
Hi Davit and All First, thanks to Davit for your wonderful idea for trading! I've been reading and studding this thread and found it informative,specially with davit excellent works. I just want to trade oil and gold by your system.since i'm new to this method,i started trading in demo's. my first demo's trade was on USOIL,M30 and it's stopped out! i opened 4 Sell position around R61 and put SL around R78 and TP was on R38. as you see it hit all my SL and then went for R38 even lower.... what was wrong with this trade?! i appreciate...
Hi Meko welcome
This is typical issue not just this system but trading in general and most systems.How to overcome SL and DD
I find what I do provide best solution for me (account results speak for itself.)
I don't use hard stops.Reason is 20-50pips SL are easily taken out.Market usually spikes before reversal.Try having wider stops smaller lots or monitor trades without hard SL
regards
In trading, you have to be defensive and aggressive at the same time
  • #679
  • Jun 24, 2016 8:15am Jun 24, 2016 8:15am
over 550pips on UC and still running
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #680
  • Jun 24, 2016 8:21am Jun 24, 2016 8:21am
Quoting Guitarbloke
{quote} Thanks Jedi. Yep, will be good to get it sorted out. The tools need to be correct before we begin. I note Money mike's chart is way different to mine level wise too, much more than 16 pips lol. I hope his is correct. There will be a simple solution/calculation around.
I found weekly pivot numbers on actionforex.com.
I am on EST US and use Gain Capital (Forex.com) charts
I Manually plotted them on one of my charts.
Then changed the Davits Pivot v2 indicator as follows...
false
W1
2016 06 16 04 00
2016 06 16 04 59
Avg of High, Low, Close
Fib - true

That's as close I could get to actionforex.com, but quite different than Davits
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