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Pivot Trading

  • #1,301
  • Jul 19, 2016 6:55am Jul 19, 2016 6:55am
Quoting Pat Chiko
Another round of scalping . Short GJ {image}

End of Scalping. Closed all

See you tomorrow.
Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,302
  • Jul 19, 2016 6:55am Jul 19, 2016 6:55am
Quoting bulent
Sorry UA R78 Mistake instayt of this EUR AUD İS R78 sell zone sorry.
Hello,
Just now all position closed + 54 pip ( 540 pips) profit
Thanks Davit.
  • #1,303
  • Jul 19, 2016 7:09am Jul 19, 2016 7:09am
Quoting bulent
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.
in general yes but watch PA and do read on Elliot Wave and harmonics.This will help you.
You must make a decision direction on each pair.Example I would not buy AU but only sell.So I will only sell the rallies.Will not buy the bounce up.Reason is I like to be correct side in fundamentals. Price descends or ascents in waves.You have to decide how to respond.
In trading, you have to be defensive and aggressive at the same time
  • #1,304
  • Jul 19, 2016 7:16am Jul 19, 2016 7:16am
Quoting Kmw
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 {image}
you did real well.Although you stayed during RBA minutes but I exited.Its good that it went your way but could of spiked up in minutes wiping out your gains.
I learned to stay away from major news events.I may get lucky here or there but one is almost gambling.I did gamble for five years so trying to eliminate and I think I have that impulse totally from trading.My point is don't get hard wired in your brain that being live during major news events is good idea.In most cases market reaction can surprise you.I rather wait until market shows its hand.
Series of bad trades can wipe out months of hard work.Number 1 goal is preservation of capital.Number 2 preservation of capital, number 3 preservation of capital
Can't stress this enough.Difference of professional trader vs amateur retail trader relies on this.Pros think about risk and act upon it.Amateurs think about profits mostly.There is a huge distinction.
regards
In trading, you have to be defensive and aggressive at the same time
  • #1,305
  • Jul 19, 2016 7:24am Jul 19, 2016 7:24am
Quoting bulent
{quote} Hello, Just now all position closed + 54 pip ( 540 pips) profit Thanks Davit.
good job
In trading, you have to be defensive and aggressive at the same time
  • #1,306
  • Jul 19, 2016 7:29am Jul 19, 2016 7:29am
here is a situation that I generally don't trade.When price is in between pivots I generally wait.UC example I rather wait for 38R and see how PA and crude prices react.
As I demonstrated over and over on this thread is its not about how many trades pairs you trade but how successfully you execute even a single trade.You can easily reach 10% a month without slightest stress.Key is hammering hard the right trade.
For me this month has been all about commidity pairs
I made great pips on NU NC UC AU AC 5 pairs but have over 3k pips gain combined.I exceeded my 10% by the end of 1st week.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,307
  • Jul 19, 2016 7:32am Jul 19, 2016 7:32am
Quoting Davit
{quote} in general yes but watch PA and do read on Elliot Wave and harmonics.This will help you. You must make a decision direction on each pair.Example I would not buy AU but only sell.So I will only sell the rallies.Will not buy the bounce up.Reason is I like to be correct side in fundamentals. Price descends or ascents in waves.You have to decide how to respond.
Thanks for help.
I understand very well But technical AU S61 means BUY area ? only ı cant understand ı am trading technical? Soryy my English is not good.
  • #1,308
  • Jul 19, 2016 7:38am Jul 19, 2016 7:38am
Quoting Davit
here is a situation that I generally don't trade.When price is in between pivots I generally wait.UC example I rather wait for 38R and see how PA and crude prices react. As I demonstrated over and over on this thread is its not about how many trades pairs you trade but how successfully you execute even a single trade.You can easily reach 10% a month without slightest stress.Key is hammering hard the right trade. For me this month has been all about commidity pairs I made great pips on NU NC UC AU AC 5 pairs but have over 3k pips gain combined.I...
You are very good teacher. Thanks. Please do it.
  • #1,309
  • Jul 19, 2016 7:40am Jul 19, 2016 7:40am
Quoting bulent
{quote} Thanks for help. I understand very well But technical AU S61 means BUY area ? only ı cant understand ı am trading technical? Soryy my English is not good.
No it does not mean that.Its a zone that price may bounce but in strong fundemetal trend price can easily go through.Did you read my post?
You might be and I suspect not ready for this thread.This is not beginner's trading and I won't baby seat or spoon feed through growing pains.Its not personal .You might lose capital because you are not ready and I can't be responsible for that.
In trading, you have to be defensive and aggressive at the same time
  • #1,310
  • Jul 19, 2016 8:11am Jul 19, 2016 8:11am
[quote=Davit;9037565]{quote} you did real well.Although you stayed during RBA minutes but I exited.Its good that it went your way but could of spiked up in minutes wiping out your gains. I learned to stay away from major news events.I may get lucky here or there but one is almost gambling.I did gamble for five years so trying to eliminate and I think I have that impulse totally from trading.My point is don't get hard wired in your brain that being live during major news events is good idea.In most cases market reaction can surprise you.I rather wait until market shows its hand. Series of bad trades can wipe out months of hard work.Number 1 goal is preservation of capital.Number 2 preservation of capital, number 3 preservation of capital Can't stress this enough.Difference of professional trader vs amateur retail trader relies on this.Pros think about risk and act upon it.Amateurs think about profits mostly.There is a huge distinction. regards

200% correct. Preservation of Capital is Top priority and it is hard to learn, which I learn after a long time.

We need to have capital to trade in future when you will have much more better skill. After a year your skill has improved lot but in this process if you had lost capital than, it is not a good scenario. It takes long to time built capital again.

Thanks
MK
  • #1,311
  • Jul 19, 2016 8:14am Jul 19, 2016 8:14am
Quoting Davit
here is a situation that I generally don't trade.When price is in between pivots I generally wait.UC example I rather wait for 38R and see how PA and crude prices react. As I demonstrated over and over on this thread is its not about how many trades pairs you trade but how successfully you execute even a single trade.You can easily reach 10% a month without slightest stress.Key is hammering hard the right trade. For me this month has been all about commidity pairs I made great pips on NU NC UC AU AC 5 pairs but have over 3k pips gain combined.I...


We have Keep patience and to wait for right time and again keep patience to hit TP
Thanks
  • #1,312
  • Jul 19, 2016 9:14am Jul 19, 2016 9:14am
Quoting Davit
{quote} you did real well.Although you stayed during RBA minutes but I exited.Its good that it went your way but could of spiked up in minutes wiping out your gains. I learned to stay away from major news events.I may get lucky here or there but one is almost gambling.I did gamble for five years so trying to eliminate and I think I have that impulse totally from trading.My point is don't get hard wired in your brain that being live during major news events is good idea.In most cases market reaction can surprise you.I rather wait until market shows...
Thanks Davit. I noticed the move during smoko at work this morning, was wishing then I had taken the notebook with me (I would have exited then @ about 50 per trade) as I have MT4 set up on it as well, just had to forget about the charts until I arrived home. Took profits soon as I turned the pc on. Little aspire goes with me from now on.
"You know what needs to be addressed , completely completely reverse that".
  • #1,313
  • Jul 19, 2016 9:18am Jul 19, 2016 9:18am
Dear Davit
NZD CAD I have two divg technic which do you way prefer buy side or sell side also one side S61 the other S78
Thank to regards.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD CAD DOUBLY.png Size: 23 KB
  • #1,314
  • Jul 19, 2016 9:54am Jul 19, 2016 9:54am
Quoting Davit
love to see NC bounce to WP to hummer shorts {image}
Hi Bulent - Davit posted this chart yesterday. Take a look at the proposed PA. It backs up the fundamentals on NZD
I also mentioned on Friday last week that NC might make a reversal back towards this weeks pivot, before turning lower so short NC was the trade to think about given NZD weakness at the moment.

In the event we had a retracement to yesterdays DOL and then saw a 130 pip move lower - in line with Davit's thoughts on PA.

Even though there is divergence, the fundamentals are key. I would be thinking about shorting NC on any short term retracements.
At the moment S38 (which is also last weeks low) is providing some resistance to any move higher.

Hope that helps
  • #1,315
  • Jul 19, 2016 9:57am Jul 19, 2016 9:57am
Quoting bulent
Dear Davit NZD CAD I have two divg technic which do you way prefer buy side or sell side also one side S61 the other S78 Thank to regards. {image}
There is no trade there on either way.If I were forced bull side has better chance of a bounce possible 92 test.
Keep in mind BNZ may cut rates in August so market is bearish on NZD.
Do follow fundamentals trading is not all about charts.Please refrain from asking me advise over and over.You have not shown any interest reading 1st page nor any understanding about price action.
If you continue with trivial posts I must ban you from posting here.
In trading, you have to be defensive and aggressive at the same time
  • #1,316
  • Jul 19, 2016 10:34am Jul 19, 2016 10:34am
Davit,
İf ı disturb you ı am sorry .
  • #1,317
  • Jul 19, 2016 10:52am Jul 19, 2016 10:52am
Quoting bulent
Davit, İf ı disturb you ı am sorry .
Its not about disturbing me more about you not putting effort.I already said on 1st page this is not beginning trading thread.
Try "trading made simple" on system thread.Lots of guys there would love helping you.Lot of them make good consistent money.Emmanuel there answers questions day and night and I think its ideally suited for you
In trading, you have to be defensive and aggressive at the same time
  • #1,318
  • Edited 11:10am Jul 19, 2016 10:59am | Edited 11:10am
Quoting bulent
Dear Davit NZD CAD I have two divg technic which do you way prefer buy side or sell side also one side S61 the other S78 Thank to regards. {image}
Best you don't make decisions on trading from your experience level on divergence.Overused concept but very few understand it.
You can see a Div on 15 min and 30min and nothing on H4 and Daily.All div is calculation based on Moving averages which most oscillators are based on.Does not mean price will do X because you saw a div on 30min.Most traders actually trade price action which corresponds with divergence.Its not leading indicator by any means.

Misinterpreting Divergence
Trading signals derived from divergence that are based on oscillator indicators can be difficult to read, and they are sometimes misleading. When the market is in a strong trend in either direction, oscillators do not function well.(OB OS levels) Any signs of divergence during a strong trend would be ambiguous at best. Divergence is best suited for confirming market moves and should be used in conjunction with other technical indicators and fundamental analysis.
In trading, you have to be defensive and aggressive at the same time
  • #1,319
  • Jul 19, 2016 11:12am Jul 19, 2016 11:12am
NC is heading North higher the better.Better spots to short
In trading, you have to be defensive and aggressive at the same time
  • #1,320
  • Edited 6:52pm Jul 19, 2016 4:57pm | Edited 6:52pm
+70 pips

Big impulse move within dominant down ward trend.
Added positions with each pivot level and expect corrective move since it's down ward sideway trend.
It turned out with some pips.



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-60 pips

Wrong analysis

Look like it's up trend with small pull back.

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It's almost a month since I has been trading with Davit Pivot method ( Many thanks to Davit !!! ).
Still learning & practicing... Following is my equity curve after I changed broker about three weeks ago.
I like to see another member's success story as well.

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