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Pivot Trading

  • #1,281
  • Jul 18, 2016 12:00pm Jul 18, 2016 12:00pm
Quoting ArthurLe
AC trade done...abt 23 pips TPed, nice method, thanks Davit Previous few candles closed above the DOL, indication of PA continue to go north, improved the Exit this time to ride it to next Pivot line. {image}
Great job
AU will range until RBA minutes.I am hoping very dovish outlook which I think that's what they want.Until then all Aussie pairs are in a limbo now
In trading, you have to be defensive and aggressive at the same time
  • #1,282
  • Jul 18, 2016 12:56pm Jul 18, 2016 12:56pm
little green pips on EU
Attached Image (click to enlarge)
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  • #1,283
  • Jul 18, 2016 3:32pm Jul 18, 2016 3:32pm
Quoting Davit
{quote} I do .05 .04 .03 in that order.Max should not exceed 3dollars a pip try keeping it 2 that means 100pip move=200 gain.This is comfortable stress free level. You can easily reach 500 by end of the month. Notice I said 10% a month not week.Weekly gain of 10% is achievable and I have but you are under lot more pressure.10% a month consistently is staggering in 5years.Compound the gains.Once you see what can be achieved by study gains then you relax and only take best trades. http://www.forex21.com/forex-compounding-calculator/ plug...
Davit,

Just so I understand, you place up to 10 lots of decreasing size not to exceed a total leverage of 6:1 ?
I have been test-trading micro-lots against a demo account of $1,000, I think I am being a bit conservative.

Thanks N.
  • #1,284
  • Edited 6:45pm Jul 18, 2016 5:38pm | Edited 6:45pm
BNZ economist expect more rate cut from RBNZ


http://www.interest.co.nz/bonds/8265...needing-signal


Reserve Bank announces tougher new lending restrictions
Property investors will need a 40% deposit
Almost half of property price !!!!!! Only rich people can invest on properties from now on.

http://www.nzherald.co.nz/business/n...ectid=11677196

Maybe that is why kiwi dollar went down this morning. Yesterday was Dairy price.

I am suspecting that RBNZ want to put on place this policy before they cut the OCR next month!!!!
  • #1,285
  • Jul 18, 2016 6:25pm Jul 18, 2016 6:25pm
Quoting inforserve
BNZ economist expect more rate cut from RBNZ http://www.interest.co.nz/bonds/8265...needing-signal Reserve Bank announces tougher new lending restrictions Property investors will need a 40% deposit Almost half of property price !!!!!! Only rich people can invest on properties from now on. http://www.nzherald.co.nz/business/n...ectid=11677196 Maybe that is why kiwi dollar went down this morning. Yesterday was Dairy price.
Thanks for the fundamental outlook Inforserve, that would be a big blow for households am surprised there wasn't more reaction.
  • #1,286
  • Jul 18, 2016 7:19pm Jul 18, 2016 7:19pm
Quoting Nostromo
{quote} Thanks for the fundamental outlook Inforserve, that would be a big blow for households am surprised there wasn't more reaction.
Thanks Nostro
for quality material posting

AU going down so far still in it up +450pips
In trading, you have to be defensive and aggressive at the same time
  • #1,287
  • Edited 7:46pm Jul 18, 2016 7:35pm | Edited 7:46pm
Going down down ......


Attached Image (click to enlarge)
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Came out with +580 pips
  • #1,288
  • Jul 18, 2016 7:39pm Jul 18, 2016 7:39pm
Closed at 38S +522pips
Hard to tell how RBA minutes will go
bounce to 76+ is not ruled out
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,289
  • Jul 18, 2016 9:08pm Jul 18, 2016 9:08pm
Quoting inforserve
Going down down ...... {image} Came out with +580 pips
Thanks Davit for this system and helping all of us

I cannot access my Chart so cannot post but checked on Phone Got 50 pips in AN with one full lot. Entered after NZ news (1.0755) and hit TP(1.0705) after AU news.

Thanks

MK
  • #1,290
  • Jul 18, 2016 9:09pm Jul 18, 2016 9:09pm
Quoting inforserve
Going down down ...... {image} Came out with +580 pips
well done
In trading, you have to be defensive and aggressive at the same time
  • #1,291
  • Jul 18, 2016 9:11pm Jul 18, 2016 9:11pm
Quoting mkfx
{quote} Thanks Davit for this system and helping all of us I cannot access my Chart so cannot post but checked on Phone Got 50 pips in AN with one full lot. Entered after NZ news (1.0755) and hit TP(1.0705) after AU news. Thanks MK
You welcome
well done
If it bounces AU to 7550+I may start shorting again.Short the rallies unless things change
In trading, you have to be defensive and aggressive at the same time
  • #1,292
  • Jul 18, 2016 10:37pm Jul 18, 2016 10:37pm
Quoting Davit
{quote} well done
Thanks Davit !!!
  • #1,293
  • Jul 18, 2016 11:19pm Jul 18, 2016 11:19pm
Scalping Short GJ
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,294
  • Jul 19, 2016 3:04am Jul 19, 2016 3:04am
Quoting Pat Chiko
Scalping Short GJ {image}

Moved stop loss to BE, some SL in +ve
Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,295
  • Edited 4:35am Jul 19, 2016 3:31am | Edited 4:35am
My photo of the AU
I've noticed the pivots on my charts set themselves about 5 pips below where Davits are, not to far of, meant I exited on S61
Attached Image (click to enlarge)
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"You know what needs to be addressed , completely completely reverse that".
  • #1,296
  • Jul 19, 2016 3:39am Jul 19, 2016 3:39am
Quoting Davit
Closed at 38S +522pips Hard to tell how RBA minutes will go bounce to 76+ is not ruled out {image}
Thanks süperrrrrr
  • #1,297
  • Jul 19, 2016 4:09am Jul 19, 2016 4:09am
My chart 30 M

UA R78 SELL ZONE
AU S61 BUY ZONE
NU S78 BUY ZONE
I am thinking .
Dear davit am ı right ?
Thanks to help.
  • #1,298
  • Jul 19, 2016 4:12am Jul 19, 2016 4:12am
Sorry
UA R78 Mistake instayt of this EUR AUD İS R78 sell zone
sorry.
  • #1,299
  • Jul 19, 2016 4:12am Jul 19, 2016 4:12am
AU trade set-up worked out nicely. +500 pips across two MT4 accounts with the move from pivot to S38 and S61.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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One thing I have noticed, in trading this method over the last month, is that it's highly visual. This is great, as the pivot lines allow you spot / highlight particular price zones and use them as targets for entries or exits.

I have traded for years with MA's and have been marginally profitable in using them. With hindsight you have to ask the question ' what do MA's add to my trading edge'. In my case, the answer was nothing - and so by removing them completely from my charts, my eyes have been opened to a completely different perspective of how price action develops over time. Very liberating.

For example ACHF had a missed weekly pivot last week. Yesterday PA was glued around this week's pivot of 7460 - but with the AUD news (overnight last night), price moved down to S38, then took out last weeks missed pivot and is now bouncing around S61. From a trade set-up perspective, this analysis could have been made last Friday, with a view of how to potentially trade the pair this week, if the PA and fundamentals supported it. This is just one example of how the pivots can visually assist in the thought process of trade set-up's with both entries and exits.
  • #1,300
  • Jul 19, 2016 5:19am Jul 19, 2016 5:19am
Another round of scalping . Short GJ
Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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