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Pivot Trading

  • #741
  • Jun 26, 2016 6:18pm Jun 26, 2016 6:18pm
Quoting forexer11
{quote} {image} can i depend inthis chart with big difference than yours ??! 3nx
my charts pivots will change soon.You keep asking me things that I can't provide.
please find other method to trade

I recommend
Trading made simple
I can not help you anymore.You have been asking none stop even trade decisions.Can't help you.Sorry
In trading, you have to be defensive and aggressive at the same time
  • #742
  • Jun 26, 2016 6:22pm Jun 26, 2016 6:22pm
Quoting Nostromo
To all those of you who are worrying about your pivots not matching Davit's examples exactly: I am going to suggest here that it doesn't really matter .... Why? I think the value is in the principles that Davit is teaching us here, rather than the specific pivot lines. The pivots on your MT4 are based on your brokers candles, so anyone not using the same broker/timezone as Davit will have different lines displayed, but this is OK, because no one is guaranteeing to you that e.g 'price will reverse at exactly line R38', and so for this reason it does...
Thanks for you post.You are one of the few who "gets" what I do..
regards
In trading, you have to be defensive and aggressive at the same time
  • #743
  • Jun 26, 2016 8:38pm Jun 26, 2016 8:38pm
Quoting Davit
{quote} my charts pivots will change soon.You keep asking me things that I can't provide. please find other method to trade I recommend Trading made simple I can not help you anymore.You have been asking none stop even trade decisions.Can't help you.Sorry
Davit has giving us the tools & has shown us the way to fish, don't expect him to fish for us (self included).
I have read his posts twice of this thread and over the weekend I have done some research
on youtube on the web regarding the subejct. Now I have a batter understanding of what's going on here.
I suggest you do the same. You NEED to do your homework. And if something is not clear ask questions to better understand his method.
But don't ask questions that are on page1. Read the thread first.

Green pips to all.
  • #744
  • Jun 26, 2016 8:49pm Jun 26, 2016 8:49pm
I have a short on EU just test in 15 min
On Daily pivot. Price bounced of the Pivot came down and reversed to a Round number
The candle closed after bounce pulled the trigger and looks like it will hit the target just
Above the S38 line.
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  • #745
  • Jun 26, 2016 8:54pm Jun 26, 2016 8:54pm
Quoting MoneyMikeFx
I have a short on EU just test in 15 min On Daily pivot. Price bounced of the Pivot came down and reversed to a Round number The candle closed after bounce pulled the trigger and looks like it will hit the target just Above the S38 line. {image}
MMike
Nice to have you here.Nice post.Regarding EU and GU I am on sidelines because I do anticipate corrections up on both.
The drop has been severe and Asia Price action is most unsure in general of direction.
Hope it works out for you. Just keep in mind that Brexit will take minimum 2years and next 6months not much will change in terms of commerce.
regards

forexer11 is on ignore. I have no time teaching trading 101.I stated 1st page this is advance trading.
He won't be able to post on this thread.I can't have too many distractions.
Prefer constructive inputs regarding trading.Regards
In trading, you have to be defensive and aggressive at the same time
  • #746
  • Jun 26, 2016 8:58pm Jun 26, 2016 8:58pm
Yes Nostro. Pivots are zones, not always precise levels.

USD/CAD D1. price at R38. Looking for rejection PA at this area including 1.3100, or possible sell at next zone around R61? Price has rejected current level before. This pivot indy is a gr8 help to me so far. I reckon it is keeping me out of bad trades. My trade plan at the moment is to only trade from these zones with PA, away from them. Enjoying demoing for now. Thanks Davit.

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'Fail to plan, plan to fail'
  • #747
  • Jun 26, 2016 9:06pm Jun 26, 2016 9:06pm
Quoting Guitarbloke
Yes Nostro. Pivots are zones, not always precise levels. USD/CAD D1. price at R38. Looking for rejection PA at this area including 1.3100, or possible sell at next zone around R61? Price has rejected current level before. This pivot indy is a gr8 help to me so far. I reckon it is keeping me out of bad trades. My trade plan at the moment is to only trade from these zones with PA, away from them. Enjoying demoing for now. Thanks Davit. {image}
In general you can't lose selling UC from these levels by keeping lots small thus allowing higher entries.The panic USD buying will subside.
Asia is in panic....nothing new there
In trading, you have to be defensive and aggressive at the same time
  • #748
  • Jun 26, 2016 9:24pm Jun 26, 2016 9:24pm
Quoting Kmw
To tell the truth, I'm not even sure that it can be adjusted to match Davits settings, tried many a time, just opened aususd chart to compare with GB's tonight is all. I've an aussie broker also, don't see the point of going offshore with that. Though a quick thought leads me to think one might have to get a broker on the same time as Davits to match his settings exactly. I'm not going that far.
Cheers Kmw my thoughts exactly..

Quoting Nostromo
To all those of you who are worrying about your pivots not matching Davit's examples exactly: I am going to suggest here that it doesn't really matter .... Why? I think the value is in the principles that Davit is teaching us here, rather than the specific pivot lines. The pivots on your MT4 are based on your brokers candles, so anyone not using the same broker/timezone as Davit will have different lines displayed, but this is OK, because no one is guaranteeing to you that e.g 'price will reverse at exactly line R38', and so for this reason it does...
Nostro, I believe most of us tyring to get the pivot matching Davit's to be on the same page while viewing charts and discussing trades.. thats it. I dont think there is any such thing as a magic line or perfect formula in trading. In my case I cant post some trades because its too far off in most cases.

Cheers Guys
Silence your Ego & Your Power will Rise
  • #749
  • Jun 26, 2016 10:42pm Jun 26, 2016 10:42pm
Quoting Davit
{quote} In general you can't lose selling UC from these levels by keeping lots small thus allowing higher entries.The panic USD buying will subside. Asia is in panic....nothing new there
NC looks interesting too.. Struggling at R78 at Jan 16 levels. Correction maybe. Plus if they are forced to cut rates in the coming Q's it would be even more interesting.

Cheers
Silence your Ego & Your Power will Rise
  • #750
  • Jun 26, 2016 11:34pm Jun 26, 2016 11:34pm
U/C H1. Blended candles forming BEOB and taking out previous highs forming lower lows. In short. Target W1 pivot with first trouble area 1.3000. SL at 1.3100. Big E's tdi turning down from high in its range bless its cotton socks.

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'Fail to plan, plan to fail'
  • #751
  • Jun 27, 2016 12:06am Jun 27, 2016 12:06am
Quoting Davit
{quote} In general you can't lose selling UC from these levels by keeping lots small thus allowing higher entries.The panic USD buying will subside. Asia is in panic....nothing new there
Davit, i think i get you. Are you saying that you would sell at e.g. U/C in this case, say a small lot at R38 after spotting rejection wicks, and betting on it going south, then adding to ur position if it does, but also leaving u the option of getting out of trade if price heads north, and losing only a small lot/s? Is that the theory? Thanks G
'Fail to plan, plan to fail'
  • #752
  • Jun 27, 2016 12:40am Jun 27, 2016 12:40am
closed my AC shorts
Feel like this is ranging taking my $$
+205pips
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In trading, you have to be defensive and aggressive at the same time
  • #753
  • Edited 1:29am Jun 27, 2016 12:49am | Edited 1:29am
Quoting Guitarbloke
{quote} Davit, i think i get you. Are you saying that you would sell at e.g. U/C in this case, say a small lot at R38 after spotting rejection wicks, and betting on it going south, then adding to ur position if it does, but also leaving u the option of getting out of trade if price heads north, and losing only a small lot/s? Is that the theory? Thanks G
That's part of it ...but I do lot more..I build positions.
from my trading plan

STOP LOSS
1 Decide how much each swing is worth example $500
2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance
3. This allows averaging in orders as seen fit irregardless if previous orders are in red
4. Orders are placed as long as reason for trade is still valid
5. If conditions change loss is taken since orders are not all placed all at once this allows smaller loss

Swings

Each Swing investment $500
Swing is taken as loss once -$500 is reached but often loss is taken early if PA obviously is going against you hence its not necessary to wait until 500 is reached.
There are no exceptions.No running red beyond $500
Orders broken down into mini lots that satisfies each swing consist of 10-15 trades

I average about 15 swings a month consist of average 10 mini trades each swing

I came to realization that traditional hard SL of 20-50pip is total sucker move because players who move the market know exactly where your stops are.You will be taken out even if direction is correct. How to overcome this dilemma? Read my plan.Its very logical.
monitor your trades without hard SL.Beat them in their own game.
Read about Elliot Wave theory.Its the most brilliant concept in trading that all markets adhere to.Pivots are nothing but waves inside waves inside bigger waves.
Example I just exited my AC trades but should it hit 97 I most likely will sell again...You see you have to improvise and go with market flow.
In trading, you have to be defensive and aggressive at the same time
  • #754
  • Jun 27, 2016 12:55am Jun 27, 2016 12:55am
D1 : Top of WRB range, forming dogi or shooting star candle with R38 price rejection.
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  • #755
  • Jun 27, 2016 1:23am Jun 27, 2016 1:23am
Quoting Davit
{quote} That's the jest of it ...but I do lot more..I build positions. from my trading plan STOP LOSS 1 Decide how much each swing is worth example $500 2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance 3. This allows averaging in orders as seen fit irregardless if previous orders are in red 4. Orders are placed as long as reason for trade is still valid 5. If conditions change loss is taken since orders are not all placed all at once this allows smaller loss Swings Each Swing investment $500 Swing is...
Thanks for that detail friend. Yes, makes sense to me.

All the best there Infor!

Edit: as an aside observation. My A/C chart lines up very close to Davit's - only a few pips out, which should mean most of us should be similar.
'Fail to plan, plan to fail'
  • #756
  • Jun 27, 2016 1:45am Jun 27, 2016 1:45am
AC PA is having real hard time breaking daily open
9662 once this goes I think it could drop lot quicker.Lot of traders think London open is true daily open.Not true.Day begins from NY close 5pm.
you can eye ball this on every pair and see real price reactions on daily open.Its important because it creates a bias.
UC for example is already below DO not by much but enough that it creates a bear bias
Might be heading to weekly pivot and that would make sense closing the gap as well
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In trading, you have to be defensive and aggressive at the same time
  • #757
  • Jun 27, 2016 3:02am Jun 27, 2016 3:02am
these are the setting im using this week. my pivots are a few pips out from Davits but the zones are still valid. my UC chart lines up perfectly to show the evening star pattern bounce off R38... i was sleeping at the time so didn't enter the trade. well done to all those who caught this.

Point is(as Nostromo said), they are not exact lines, as they are zones.
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Attached Image
  • #758
  • Jun 27, 2016 3:11am Jun 27, 2016 3:11am
Quoting Davit
AC PA is having real hard time breaking daily open 9662 once this goes I think it could drop lot quicker.Lot of traders think London open is true daily open.Not true.Day begins from NY close 5pm. you can eye ball this on every pair and see real price reactions on daily open.Its important because it creates a bias. UC for example is already below DO not by much but enough that it creates a bear bias Might be heading to weekly pivot and that would make sense closing the gap as well {image}
Dear Brother Davit Thanks for your Logical post ,Yeah its really very most important to understand the PA ,i see that your system really really help to understand the pair movement ,and by understanding PA + your system then its become a logical weapon for survive in the market , Finally I've setup the Pivot Trading with TDI on my mt4 ,lately in ,but with logical understanding , i've read your every given pdf ,and last time i read Bird Watching in Lion Country !! by Reading your every Valuable post remind me all the time tink in logical way , Its feel good in my heart that I AND WE ALL HAVE A ONE LOGICAL PLACE to share and survive in this market ,Your post not only help me in trading, its also help me to understand many things in personal life ,
Life is a running train ,and its never stop up to Death ,

Wish you and Your family all the best always,Thanks from my heart for your Time Dear Brother Davit
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  • #759
  • Jun 27, 2016 7:28am Jun 27, 2016 7:28am
Quoting mmhasan
{quote} Dear Brother Davit Thanks for your Logical post ,Yeah its really very most important to understand the PA ,i see that your system really really help to understand the pair movement ,and by understanding PA + your system then its become a logical weapon for survive in the market , Finally I've setup the Pivot Trading with TDI on my mt4 ,lately in ,but with logical understanding , i've read your every given pdf ,and last time i read Bird Watching in Lion Country !! by Reading your every Valuable post remind me all the time...
Thanks friend for nice post.Wish you the best

Closed another set of trades on AC
+155pips
I kept previous trades visible so you can see what I do.
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In trading, you have to be defensive and aggressive at the same time
  • #760
  • Jun 27, 2016 7:35am Jun 27, 2016 7:35am
Watching EU for possible long at 923 38S previous bounce
Some may say "why not sell now to 38S" Well I don't know if price will get there and also after severe drop like this bounce could come on any time hence I rather strike at the right time.
Trading to me is defensive battle.Most of the timer I play D and only attack at right time.
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In trading, you have to be defensive and aggressive at the same time
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