Pivot Trading

Quoting ralfy

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{quote} ​Hi Davit and Good morning. This is the problem some like me have or at least had I am learning from it. Yesterday AN I did sell thinking that had gone far too much up guess what I lost 20 pips then I gave a look at the indicator and the PA and I said that was really stupid can You see that the bias is up and the indicator even if it is in an oversold territory doesn't give any sign of turning down? So I did wait and eventually I sold it again at 1.0526 because the indicator crossed and the price was finally bending down nice profit...

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Quoting Davit

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{quote} I don't have anything on my chart saying oversold or overbought. TDI is not being used in that context.You must unbrainwash yourself from typical indicator base thinking.In my world PA is king and pivots are road maps. I am glad you made some $$ Good nights guys must sleep green pips!

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Quoting El1000

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​Hi, I got in after the engulfing candle, let's see how this goes? This is the first time i test this system {image}

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Quoting lukyman

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{quote} Hello El1000. At first, without my glasses, I thought you entered the trade in a really good place. Then I put my glasses on and see that youre buying. To me, remember I too am learnig this method, all signs point to a Sell? I hope it works out for you

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Quoting El1000

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{quote} ​For me it was PA telling me at the S78, that this would change and TDI cross confirmed?

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Quoting Davit

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{quote} You are rocking! Focus and focus guys.Don't get greedy just take the best set ups.I am telling you I average over 20% a month most times without stress. more you do it more confident you become Be careful on your entries.Just remember PA TDI must confirm.You were selling way too early.

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Quoting El1000

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{quote} ​For me it was PA telling me at the S78, that this would change and TDI cross confirmed?

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Quoting lukyman

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{quote} My bad! And first trade as well!

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Quoting Pat Chiko

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Quick Scalping . EJ Scalping Short. 15 pps SL {image}

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Quoting Davit

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{quote} reduce your size and develop longer trades otherwise you'll develop bad habits.Much like playing piano.Once you start with wrong fingering its hard unlearning.Physical memory is powerful and that's why lot of people make the same mistakes over and over. Anyway Cheers friend by the way I don't see any pivots on your chart. 4 touches on S38 PA bullish 1hr-H4 Bullish ATM Would I take this short? No Just showing my thought process.Lets just say you got lucky squeezing few pips but it could of easily gone pretty red very quick as it is claiming...

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Quoting Pat Chiko

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{quote} Thank Davit . You're Great I closed my shot ( managed making few pips) Thanks for your insight and saving my money in making wrong trades. I manged to salvage those position. I think i made mistakes entering those short trades. Currently, taking long position now base on the Bullish Engulfing candle appear on the last closed candle. Price showing HH. My Pivot sometimes disappear from the chart, I need to refresh the chart to get those pivots re-appear. {image}

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Quoting Davit

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Here is an example what not to do. NU up going up like nuts. Don't sell just because you think its high. Sell when PA starts showing signs of decline and TDI sta,,, {image}

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Quoting Pat Chiko

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{quote} . My Pivots sometimes disappear from the chart, I need to refresh the chart to get those pivots re-appear. {image}

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Quoting Davit

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Heads up guys NC is at 100R and is running out of steam 145pips up from daily open on pair that travels 90 last 20days.Chance for reversal is great plus very strong pivot 100r

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Quoting El1000

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{quote} Hi Davit, (thank you for a great tread) ​But as you have stated before, the oil is down, so CAD is also down?

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