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Pivot Trading

  • #1,341
  • Jul 20, 2016 7:51am Jul 20, 2016 7:51am
Quoting andy_l
Thanks for sharing this thread David... to everybody Still learning.. the system...
You welcome!

Closed some trades
EG+261pips
UC+56
NC+38
total last 24hrs +355pips
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In trading, you have to be defensive and aggressive at the same time
  • #1,342
  • Jul 20, 2016 7:53am Jul 20, 2016 7:53am
Was waiting EG long time 5hrs to break below Resistance I drew in yellow and PA just could not do it so taking my money out.
love to see 84 again for reload
I had some limit sells on NC waiting and 2 got triggered so closed those again PA is not going anywhere.Lot of things are just ranging which is fine by me.
love to see AU closer to 75 S61
again made the error of getting out on UC early....
In trading, you have to be defensive and aggressive at the same time
  • #1,343
  • Jul 20, 2016 8:04am Jul 20, 2016 8:04am
Just a reminder daily open almost always acts as Resistance which is why its on my chart and very important since it establishes bias.
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In trading, you have to be defensive and aggressive at the same time
  • #1,344
  • Jul 20, 2016 8:22am Jul 20, 2016 8:22am
Quoting toksy
took this trade yesterday for a small pip thanks davit.since last week lost only 3 trades out of 15 {image}
how you doing since last post
In trading, you have to be defensive and aggressive at the same time
  • #1,345
  • Jul 20, 2016 8:48am Jul 20, 2016 8:48am
Quoting mch1970
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....
Great end result, but a question for you - on the initial trade (if I see it right), it would appear there was close to 100 pip bounce up after you shorted. What gave you the confidence to hold through that period? I would have been out earlier, and hopefully re-enter when it came back down. To some degree this has been my struggle - knowing how long to hold a loser rather than cut it and get back in later. Would appreciate thoughts on how you handled it.
  • #1,346
  • Jul 20, 2016 9:00am Jul 20, 2016 9:00am
Quoting dmostpips
{quote} Great end result, but a question for you - on the initial trade (if I see it right), it would appear there was close to 100 pip bounce up after you shorted. What gave you the confidence to hold through that period? I would have been out earlier, and hopefully re-enter when it came back down. To some degree this has been my struggle - knowing how long to hold a loser rather than cut it and get back in later. Would appreciate thoughts on how you handled it.
If you look carefully price came close to R61 but did not break above and I think he just waited it out since after that PA became bearish.
Not the best example how this system should be traded but its important to know how to recover as well when mistakes are done.
regards
In trading, you have to be defensive and aggressive at the same time
  • #1,347
  • Edited 10:04am Jul 20, 2016 9:52am | Edited 10:04am
Davit,
Just my shares..
Why dont you put the term like:
ME/ME (Multiple Entry / Multiple Exit) at the 1 page.. so you don't need to do the repetition
Also the term BEOB and so on.. for me its un-familiar

(sorry for miss-spelled your name)
Nite all... It's already midnight in my zone... hv to work tomorrow
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #1,348
  • Jul 20, 2016 11:43am Jul 20, 2016 11:43am
nothings moving so managed to squeeze 23pips out of AU
total last 24hrs +378 pips
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In trading, you have to be defensive and aggressive at the same time
  • #1,349
  • Jul 20, 2016 11:47am Jul 20, 2016 11:47am
watch reaction at 38R 3087 UC
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In trading, you have to be defensive and aggressive at the same time
  • #1,350
  • Jul 20, 2016 11:50am Jul 20, 2016 11:50am
Just showing my army is loaded and waiting for action in case of spike on AU
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In trading, you have to be defensive and aggressive at the same time
  • #1,351
  • Edited Jul 21, 2016 3:04am Jul 20, 2016 1:57pm | Edited Jul 21, 2016 3:04am
Still waiting for more green pips moves on GU & EG
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  • #1,352
  • Jul 20, 2016 3:13pm Jul 20, 2016 3:13pm
Breaking news
RBNZ says further OCR cuts likely

+120 pips

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+70 pips

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  • #1,353
  • Jul 20, 2016 3:23pm Jul 20, 2016 3:23pm
Quoting inforserve
Breaking news RBNZ says further OCR cuts likely +120 pips {image} +70 pips {image}
regret getting out my NC shorts early this morning.Great job you have things on the pulse
great to see folks who put their minds and time rip mega pips
In trading, you have to be defensive and aggressive at the same time
  • #1,354
  • Edited 4:34pm Jul 20, 2016 3:43pm | Edited 4:34pm
Quoting Davit
{quote} regret getting out my NC shorts early this morning.Great job you have things on the pulse great to see folks who put their minds and time rip mega pips
Thanks !!! I had learn from you..
Waiting for pull back & I am expecting kiwi dollar re-visit 0.63 or 0.60 level against USD and it's depend on Fed's rate decision.

"I always read about Aussie, New Zealand Economies since I like trading them.Whatever you trade the most make an effort to get familiar fundamentals that is. "



Making ABCD or Butterfly pattern ?
Expecting a down ward wave.

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  • #1,355
  • Jul 20, 2016 8:03pm Jul 20, 2016 8:03pm
Quoting Davit
Just showing my army is loaded and waiting for action in case of spike on AU {image}
Hi Davit,

Why would u want to short near the pivot and not buy the zones around S61 or S78? What makes you have a strong bias that AU will retrace up and come back down again? Is it because of fundamentals?

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In fact i bought at S61.. Any comments welcome.

As for NC, I saw a bullish pattern here on the H4

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And price was around S38 so i bought at that level waiting for it to go back to weekly pivot. But position have just gone against me due to news. Should be more aware of high impact news and not to trade before that.
  • #1,356
  • Jul 20, 2016 8:33pm Jul 20, 2016 8:33pm
Quoting Cheng
{quote} Hi Davit, Why would u want to short near the pivot and not buy the zones around S61 or S78? What makes you have a strong bias that AU will retrace up and come back down again? Is it because of fundamentals? {image} In fact i bought at S61.. Any comments welcome. As for NC, I saw a bullish pattern here on the H4 {image} And price was around S38 so i bought at that level waiting for it to go back to weekly pivot. But position have just gone against me due to news. Should be more aware of high impact news and not to trade before that.
limit orders are just "in case scenario"
I operate on assumption that market can do anything anytime.As far as why not buy AU. Once I establish direction on a pair usually based on fundamentals (RBA may cut again) I only trade in that direction only.
This only will make sense once you formulate longer term fundies.Fact is USD still dominate and US economy is picking up again.There is no way I would sell USD at these levels.
Don't buy NZD on any pair.Thing to do is wait for rally then sell the rallies.Once you establish weakness of the currency then don't chase it instead exploit it.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,357
  • Jul 20, 2016 9:17pm Jul 20, 2016 9:17pm
Quoting Davit
{quote} limit orders are just "in case scenario" I operate on assumption that market can do anything anytime.As far as why not buy AU. Once I establish direction on a pair usually based on fundamentals (RBA may cut again) I only trade in that direction only. This only will make sense once you formulate longer term fundies.Fact is USD still dominate and US economy is picking up again.There is no way I would sell USD at these levels. Don't buy NZD on any pair.Thing to do is wait for rally then sell the rallies.Once you establish weakness of the currency...
This lesson itself is worth a few thousand pips. Couldnt agree more. Trade the fundamentals, higher chances of pip makin.

Your artwork is awesome, please upload more Davit.

Or maybe your website?

Cheers
mr
Silence your Ego & Your Power will Rise
  • #1,358
  • Edited Jul 21, 2016 2:05am Jul 20, 2016 9:33pm | Edited Jul 21, 2016 2:05am
Daily withdraw

+25 pips from R38 to pivot.
I will look for another opportunity.

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+20 pips
S100 to S78 corrective wave

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Price action from R78 to R61

+20 pips

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Double bottom

+10 pips

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+10 pips ( counter trend with corrective wave , couldn't go up to 32 % )

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Price action +23 pips

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Price action cross pivot +20 pips

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  • #1,359
  • Jul 21, 2016 12:55am Jul 21, 2016 12:55am
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  • #1,360
  • Jul 21, 2016 1:02am Jul 21, 2016 1:02am
Quoting mch1970
AN +165 pips. ..{image}
Nice trade Mch, I had abt the same AN trade as you...cheers

160 pips, saw resistance & price start to bounce, exit by then

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