Pivot Trading

Quoting mch1970

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AU trade set-up worked out nicely. +500 pips across two MT4 accounts with the move from pivot to S38 and S61. {image} {image} 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...

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Quoting Nostromo

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Davit, I just wanted to say thank you so much for your generosity in sharing your method with us, and especially for explaining it in detail and helping us all with your trading advice. I do not think this is an approach I would have come across without your thread, and it is proving very effective for me, I think it has helped me make big steps forward. I have read all your posts through 3 times now and each time I either pick up a little gem of insight or find something relevant that I had forgotten, this is a high quality thread!

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Quoting inforserve

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+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. {image} -60 pips Wrong analysis Look like it's up trend with small pull back. {image} 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. {image}...

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Quoting mch1970

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AU trade set-up worked out nicely. +500 pips across two MT4 accounts with the move from pivot to S38 and S61. {image} {image} 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...

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Quoting Davit

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{quote} nice work.I recommend taking the arrows off.You don't need it.Train your eyes and mind.Arrows can show conflicting data. While you are on it take all EMA and MA's out as well. Myth of moving averages are just useless garbage people use over and over without substantive data to back it up.At any time price is hitting some MA and question is so what?Price is not moving up or down because it hit 34 24 18 50 etc MA's.Its a myth. What I am trading is actual fear and greed measured by the fibs.This is different independent of any moving averages.MA's...

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Quoting Davit

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{quote} Great job overall and try not force trades.As I posted on UC chart I mentioned that there is no viable trade there yet.Having said this I am glad you got out instead of holding on to losers. Most guys lucky to get 5% a month gain and I think this method can easily get you 10%+ without stress.When pile up trades you will gain experience to discern which trades to take which to pass up.There is really no substitute for experience and that's why total rookies will fail trading this method. Anyway great job.

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Quoting inforserve

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Next move for RBNZ ? http://www.interest.co.nz/bonds/8267...-policy-action "Overall these proposed methods are fairly stringent and seen by the market as giving the RBNZ the green light to implement further OCR cuts to try and meet its medium-term CPI target. NZ 2-year swap has broken to an historic low of 2.09%.The market now prices an 80% chance of an OCR cut on 11 August and a 1.75% trough in the OCR within the year ahead. This is now closely aligned to our own central...

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Quoting Davit

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When you see a chart like this don't trade it. Wait until PA reaches into pivot zones then watch the reaction.This is more important then taking good trades because eliminating mistakes is what makes us better traders. {image}

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Quoting Davit

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{quote} I am bear bias on AU but PA looks like might test 38S 7538 and I'll say 7550 including Like to hummer shorts at the right time. Asia price action is not most logical or accurate.I generally like to wait for London open. So far we got 2 touches on 61S but still standing solid {image}

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Quoting Nostromo

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My trade for today, GA was ranging so beautifully - shown here on H1 so you can see the ranging. I traded it on M30 and only entered with TDI confirmation, first entry when PA also dropped past low of previous bullish candle. Exited on TDI hookback (on M30) which turned out to be ideal exit this time. Good for 390 pips over 4 entries. {image}

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Quoting Davit

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When you see a chart like this don't trade it. Wait until PA reaches into pivot zones then watch the reaction.This is more important then taking good trades because eliminating mistakes is what makes us better traders. {image}

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Quoting mch1970

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AN +165 pips. Target exit zone was this weeks pivot around the 1.0560-70 region. Slightly more tricky pair to trade at moment given the fundamentals around both AUD and NZD are shifting to more dovish outlooks. Made decision to exit as the price action was being to become sluggish with resistance around the 1.0610 region. Better to reassess price action proactively and to exit with +ve pips, than to have a fixed mindset as to where you want price to move to. Can always reload shorts if R38 or R61 become significant levels that price can't move beyond....

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