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Pivot Trading

  • #1,181
  • Jul 13, 2016 10:52pm Jul 13, 2016 10:52pm
Quoting inforserve
{quote} I am with Axitrader ( GMT+3 ). Cheers;
Ok. Thanks Bro.

Is this a setup?
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  • #1,182
  • Jul 13, 2016 11:22pm Jul 13, 2016 11:22pm
EUR/GBP D1. Retrace to big bearish bar 2 days ago. Looking good. TDI down, target S61.

Pat. Loving your work. Hello to all.

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'Fail to plan, plan to fail'
  • #1,183
  • Edited Jul 14, 2016 1:06am Jul 13, 2016 11:29pm | Edited Jul 14, 2016 1:06am
Quoting minkers
{quote} Ok. Thanks Bro. Is this a setup? {image}
Could be a pull back in current downtrend to resume southerly direction Minks? Proceed with caution friend. GB

In fact....I'm short after close of H1 bar.

E/A BEOB H1 Closed below S38. Target BRN 1.45005 area.

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'Fail to plan, plan to fail'
  • #1,184
  • Jul 14, 2016 1:30am Jul 14, 2016 1:30am
Quoting mch1970
Agree with your statements Davit. Currently +350 pips in AC - hit R61 twice, plus it still hasn't touched the weekly pivot. Have batches short on both NU and NC as well. {image}
Closed AC +350 pips, NU for +170 pips and NC for +430 pips. Account up 15.6% July month to date. Love these pivots!
  • #1,185
  • Edited 4:50am Jul 14, 2016 4:23am | Edited 4:50am
Somehow managed to get +90 pips.
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  • #1,186
  • Jul 14, 2016 4:44am Jul 14, 2016 4:44am
AN strongly overbought, jobs rally nearing an end and NU is also looking pretty cheap so expecting a retrace. Otherwise i'll short from the R100.

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Similar situation on UJ, rally is getting very over extended and expecting the R161 to be the breaking point. Also some divergence on the TDI, and most other Yen pairs have hit their pivots and showing early signs of weakness.

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Better to run, than curse the road
  • #1,187
  • Jul 14, 2016 4:54am Jul 14, 2016 4:54am
Due for correction ?

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  • #1,188
  • Jul 14, 2016 4:57am Jul 14, 2016 4:57am
Quoting inforserve
Due for correction ? {image}
Most likely yes. Also, if you look carefully there's a harmonic pattern forming. That pin bar on the 1H chart is a bit concerning, however.
Better to run, than curse the road
  • #1,189
  • Jul 14, 2016 6:01am Jul 14, 2016 6:01am
OMG talk about getting out early
NC dropped so much more...Could of been 1200pipis gain instead of 600 collected....Wow really dropped the ball on this.
In trading, you have to be defensive and aggressive at the same time
  • #1,190
  • Jul 14, 2016 6:02am Jul 14, 2016 6:02am
Quoting inforserve
Due for correction ? {image}
I am on same trade hold on...Aussie is next over inflated overrated.
In trading, you have to be defensive and aggressive at the same time
  • #1,191
  • Jul 14, 2016 6:03am Jul 14, 2016 6:03am
tdi test. H1 BUOB. tdi up.

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'Fail to plan, plan to fail'
  • #1,192
  • Jul 14, 2016 6:23am Jul 14, 2016 6:23am
Quoting Davit
{quote} I am on same trade hold on...Aussie is next over inflated overrated.
Hello,
EUR/JPY 30 min chart can be sell 117.60 is this right? or no and which prefer time frime ? 30 min 1 H, 4 H ,
Thanks Davit.
  • #1,193
  • Jul 14, 2016 6:27am Jul 14, 2016 6:27am
Quoting bulent
{quote} Hello, EUR/JPY 30 min chart can be sell 117.60 is this right? or no and which prefer time frime ? 30 min 1 H, 4 H , Thanks Davit.
I don't trade the Yen don't even look at it.
As a general tip when trading crosses always look at the majors

EU +UJ is roughly EJ look which major is strong now.Watch PA see where is heading
.
If you are new to trading you should not trade crosses that have over 100pip ADR EJ GJ GN GA and so on should be avoided.
Slower is better.Gives you room to make mistake without major damage.
This is serious.You must carefully consider what you are trading
In trading, you have to be defensive and aggressive at the same time
  • #1,194
  • Jul 14, 2016 6:35am Jul 14, 2016 6:35am
Thaks for reply, ı am learning your system.
  • #1,195
  • Jul 14, 2016 6:40am Jul 14, 2016 6:40am
+70 pips with two positions.
R38 to pivot PA after news.

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  • #1,196
  • Jul 14, 2016 6:47am Jul 14, 2016 6:47am
Quoting inforserve
+70 pips with two positions. R38 to pivot PA after news. {image}
You are piling the pips.All adds up.Very inspiring

AU may just get pass below 76
In trading, you have to be defensive and aggressive at the same time
  • #1,197
  • Jul 14, 2016 7:05am Jul 14, 2016 7:05am
Quoting Davit
{quote} You are piling the pips.All adds up.Very inspiring AU may just get pass below 76
Thanks !!!
Yes, AU is only way down. I guess. I might hold this ME/ME positions for a while to see how it's turn out.
  • #1,198
  • Jul 14, 2016 8:34am Jul 14, 2016 8:34am
I've been trading this system for about 4 weeks now, with some very good results. Before I learned about pivots my trades almost never went beyond 1:1.5 RR, and lately I've been getting very nice entries yielding 1:2 RR and greater most of the time, with a win rate well above 50%. This might be the nearest thing to the holy grail in trading. I do believe that it is likely to suffer somewhat during strong trending markets, but fortunately, as most of you probably know, markets only trend around 30% of the time anyway, and in most average trends you get retracements back to the fib 50 level all the time.

Quoting Davit
{quote} I don't trade the Yen don't even look at it. As a general tip when trading crosses always look at the majors EU +UJ is roughly EJ look which major is strong now.Watch PA see where is heading . If you are new to trading you should not trade crosses that have over 100pip ADR EJ GJ GN GA and so on should be avoided. Slower is better.Gives you room to make mistake without major damage. This is serious.You must carefully consider what you are trading
Very true. Most of my losses have been around Yen pairs, and after another bad trade today on UJ (not stopped out yet, but it doesn't seem to be going anywhere either) I definitely think that they're best left alone. It seems that they don't pull back at they key levels and tend to trend out far above R100+ and S100+ zones before reversing. The price action is also choppier, or at least, I can't read the PA very well on Yen pairs.

Anyway, thanks for sharing Davit. There aren't many traders on FF with this kind of genius of insight into the markets.
Better to run, than curse the road
  • #1,199
  • Edited 9:55pm Jul 14, 2016 4:26pm | Edited 9:55pm
PA from S38

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came out with just +13 pips


-19 pips loss


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+20 pips

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+26 pips from R38 to the next structure.

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  • #1,200
  • Jul 14, 2016 6:38pm Jul 14, 2016 6:38pm
Quoting steve2010
I've been trading this system for about 4 weeks now, with some very good results. Before I learned about pivots my trades almost never went beyond 1:1.5 RR, and lately I've been getting very nice entries yielding 1:2 RR and greater most of the time, with a win rate well above 50%. This might be the nearest thing to the holy grail in trading. I do believe that it is likely to suffer somewhat during strong trending markets, but fortunately, as most of you probably know, markets only trend around 30% of the time anyway, and in most average trends you...
Thanks for your post Steve.I share from experiences.That's all
I did drop the ball on NC.I should of investigate why NZD dropped crossed the field matter of minutes..Failed to see the potential of maxi maxi gain.
Just lesson for everyone if something drops big and you have a good position don't be hasty taking profit.
Looks like game was being played. 1st they jack up the NZD and once it almost gets to close to Aussie dollar then panic sets in.

Worth reading
http://www.afr.com/markets/currencie...0160714-gq5zob
NZ dollar slumps on signs of urgent RBNZ rate cut

Funny day today.Great green numbers on US unemployment. Record stock market gains and overall optimism is coming back on USD and we got the pathetic Aussie dollar still holding to 76
I'll say lets give it 1 more week to see it drop to 74-73
In trading, you have to be defensive and aggressive at the same time
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