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Pivot Trading

  • #861
  • Jun 29, 2016 5:39pm Jun 29, 2016 5:39pm
Quoting inforserve
{quote} Lots of great setup with Davit pivot like road map. I hope other traders also find many great setup up to share. {image}
speaking of NC I just closed my trade +157pips
you are doing really well.
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In trading, you have to be defensive and aggressive at the same time
  • #862
  • Jun 29, 2016 5:45pm Jun 29, 2016 5:45pm
Really had an amazing month.Best ever in my trading
build my account to 51% gain in June
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In trading, you have to be defensive and aggressive at the same time
  • #863
  • Jun 29, 2016 6:00pm Jun 29, 2016 6:00pm
Quoting Davit
{quote} speaking of NC I just closed my trade +157pips you are doing really well. {image}
Thanks Davit. Once I build confidence I like try Multiple entry / Multiple exit. There are still lots to learn such as implement proper R:R and overcome fear & greed.

Cheers;
  • #864
  • Jun 29, 2016 6:00pm Jun 29, 2016 6:00pm
Someone asked here why fib pivots and not standard pivots.Its a legit question. I believe supported by lots of screen time observations that fib pivots are superior in terms of price reacting to them.
Example look at UC price squeezed the breaks right on W pivot and current EG chart which I am watching for possible trade.Example are all over and this is valid cross the board.
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In trading, you have to be defensive and aggressive at the same time
  • #865
  • Jun 29, 2016 6:02pm Jun 29, 2016 6:02pm
Quoting inforserve
{quote} Thanks Davit. Once I build confidence I like try Multiple entry / Multiple exit. There are still lots to learn such as implement proper R:R and overcome fear & greed. Cheers;
Thanks friend.Yes honesty is best method.Only you know what your weaknesses are and where to focus to get better. ME may not be suitable style for you.
Do what you feel comfortable.
In trading, you have to be defensive and aggressive at the same time
  • #866
  • Edited 6:17pm Jun 29, 2016 6:07pm | Edited 6:17pm
Quoting Davit
Really had an amazing month.Best ever in my trading build my account to 51% gain in June {image}
Following is this week's equity curve using David' pivot.

There are two losing trades. One loss was using TMS method.
I wish my equity curve like this for next 10 years...

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  • #867
  • Jun 29, 2016 6:22pm Jun 29, 2016 6:22pm
Quoting inforserve
{quote} Following is this week's equity curve using David' pivot. There are two losing trades. One loss was using TMS method. I wish my equity curve like this for next 10 years... {image}
That's really great.
What I am teaching here is in my opinion one of the best ways to trade.Sharp focus on PA with help of pivots.There is structure what I am doing.
Some like naked charts.Problem is without pivots you are doing much of guesswork.

What will help you is to understand and read about Harmonics and Elliot wave theory.Once you really understand this you start seeing price from very liberated perspective.
Google Scott Carney and download his books on harmonic trading.I can't upload them since they are more then 10MB
That's your homework for the weekend.
In trading, you have to be defensive and aggressive at the same time
  • #868
  • Jun 29, 2016 6:29pm Jun 29, 2016 6:29pm
Quoting Davit
{quote} Thanks friend.Yes honesty is best method.Only you know what your weaknesses are and where to focus to get better. ME may not be suitable style for you. Do what you feel comfortable.
Hmmm... You may be right. Once I put multiple positions on trade, my greed & fear kick in.
Then I got into Self-Sabotage status.
  • #869
  • Jun 29, 2016 6:39pm Jun 29, 2016 6:39pm
Quoting Davit
{quote} That's really great. What I am teaching here is in my opinion one of the best ways to trade.Sharp focus on PA with help of pivots.There is structure what I am doing. Some like naked charts.Problem is without pivots you are doing much of guesswork. What will help you is to understand and read about Harmonics and Elliot wave theory.Once you really understand this you start seeing price from very liberated perspective. Google Scott Carney and download his books on harmonic trading.I can't upload them since they are more then 10MB That's your...
That's exactly what I understand from your posts. I hope it will benefits other traders as well. Thanks for sharing your great method &
I will do my homework
  • #870
  • Jun 29, 2016 7:29pm Jun 29, 2016 7:29pm
Quoting inforserve
{quote} Nice one. You must bank some pips as it hits the target. Is there any more reasons to take the trade expect BEOB ? I was tempted but I also saw previous resistance. Thanks in advance.
Downtrend, close below BRN, price breaking down lower through previous support and BEOB on H4 were good enough reasons for me to take the trade. Closing this trade now as my TP missed by 0.9 of a pip! Pivots are making gr8 sense Davit, thank you.

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'Fail to plan, plan to fail'
  • #871
  • Jun 29, 2016 7:31pm Jun 29, 2016 7:31pm
Quoting Guitarbloke
{quote} Downtrend, close below BRN, price breaking down lower through previous support and BEOB on H4 were good enough reasons for me to take the trade. Closing this trade now as my TP missed by 0.9 of a pip! Pivots are making gr8 sense Davit, thank you. {image}
great job
In trading, you have to be defensive and aggressive at the same time
  • #872
  • Jun 29, 2016 7:39pm Jun 29, 2016 7:39pm
Quoting Guitarbloke
{quote} Downtrend, close below BRN, price breaking down lower through previous support and BEOB on H4 were good enough reasons for me to take the trade. Closing this trade now as my TP missed by 0.9 of a pip! Pivots are making gr8 sense Davit, thank you. {image}
Thanks!!!
  • #873
  • Jun 29, 2016 8:31pm Jun 29, 2016 8:31pm
love to see 1.30 on UC to build shorts again and hold
Highly regret getting out of my very lucrative positions early...
In trading, you have to be defensive and aggressive at the same time
  • #874
  • Jun 29, 2016 8:50pm Jun 29, 2016 8:50pm
AJ Short. Pivot
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #875
  • Jun 29, 2016 9:02pm Jun 29, 2016 9:02pm
Quoting Pat Chiko
AJ Short. Pivot {image}
Hi Pat welcome
Your pip count not working.Perhaps not installed?
same with larger price indicator.looks like you did not install both.Kind of weird seeing different pair price top of the chart.
In trading, you have to be defensive and aggressive at the same time
  • #876
  • Jun 29, 2016 9:06pm Jun 29, 2016 9:06pm
I've been reading the e-book you recommended. Thanks. When you get a chance sometime in your post can you say why you don't like trading the Yen? I been watching the GJ and decided to trade it off the 1hr chart with daily pivots. It moved nicely. I really can't thank you enough for introducing
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pivots with your post.
  • #877
  • Jun 29, 2016 9:17pm Jun 29, 2016 9:17pm
Quoting beingfree
I've been reading the e-book you recommended. Thanks. When you get a chance sometime in your post can you say why you don't like trading the Yen? I been watching the GJ and decided to trade it off the 1hr chart with daily pivots. It moved nicely. I really can't thank you enough for introducing {image}pivots with your post.
You welcome.I don't trade the Yen because BOJ has history of interfering.You could have sudden drop and thrust up out of blue.To me I rather trade other pairs less manipulated.
I have no shortage trading pairs other then Yen.Each his own.I just don't trade it.
In trading, you have to be defensive and aggressive at the same time
  • #878
  • Jun 29, 2016 9:31pm Jun 29, 2016 9:31pm
Quoting Davit
{quote} Hi Pat welcome Your pip count not working.Perhaps not installed? same with larger price indicator.looks like you did not install both.Kind of weird seeing different pair price top of the chart.
Thanks for pointing out the error. Sharp pair of artist eyes you got there.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #879
  • Jun 29, 2016 10:50pm Jun 29, 2016 10:50pm
USD/CAD M15 BUOB blended candle. Looking to take this up to around 1.2975 area then short BEOB 8hr bar on H4. That's the plan for now, but PA will lead the way. See how it goes.

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'Fail to plan, plan to fail'
  • #880
  • Jun 30, 2016 12:00am Jun 30, 2016 12:00am
Quoting inforserve
{quote} Lots of great setup with Davit pivot like road map. I hope other traders also find many great setup up to share. {image}
Yes infosereve but it didnt make it there so i decided to short it before getting to Pivot and still expecting it to go hit the S38
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