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Pivot Trading

  • #1,401
  • Jul 22, 2016 5:40am Jul 22, 2016 5:40am
Quoting Cheng
First time posting my trades and hopeful to learn from all gurus here Entered EA short just above R78. Long wicks and confluence with bearish AB=CD harmonics pattern {image}
please don't refer me as guru or others.Its not a positive thing in trading.I just share and help others and I am not perfect and got my faults
Welcome
In trading, you have to be defensive and aggressive at the same time
  • #1,402
  • Jul 22, 2016 5:42am Jul 22, 2016 5:42am
Betting on CAD

+50 pips

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+20 pips

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+20 pips

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Have a nice weekend all !!!
  • #1,403
  • Jul 22, 2016 5:45am Jul 22, 2016 5:45am
Quoting inforserve
Betting on CAD +50 pips {image} +20 pips {image} +20 pips {image}
nice you got my favorite pairs on your radar.Very easy to trade them once you understand fundies behind which you do.Really amazing progress you made in such short time.I think your next task is to work out more distance from excellent entries.You are getting like 10-20% of the move try 50%
green pips
In trading, you have to be defensive and aggressive at the same time
  • #1,404
  • Jul 22, 2016 6:06am Jul 22, 2016 6:06am
some range trading on AU
+72pips
Its been stuck between S78 -S61
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In trading, you have to be defensive and aggressive at the same time
  • #1,405
  • Edited 6:16am Jul 22, 2016 6:06am | Edited 6:16am
Quoting Davit
{quote} nice you got my favorite pairs on your radar.Very easy to trade them once you understand fundies behind which you do.Really amazing progress you made in such short time.I think your next task is to work out more distance from excellent entries.You are getting like 10-20% of the move try 50% green pips
I somehow understand your pairs selection to trade and it's make sense to me. Every little information from you is coming from your vast experience. We are lucky to be here!!!!
I am reading RSI BAMM and the USD/CAD pair happened to be meet all the criteria. Need further testing....
Have a good weekend !!!!

Yes, I have to improve this to get most of winning trade. Thanks !!!!
  • #1,406
  • Jul 22, 2016 9:22am Jul 22, 2016 9:22am
got some small pips at EC +36
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  • #1,407
  • Jul 22, 2016 9:49am Jul 22, 2016 9:49am
Quoting jnetfx
my results, so far for July, trading Davit's Pivots... {image}
what about floating p/l?
  • #1,408
  • Jul 22, 2016 11:21am Jul 22, 2016 11:21am
Please somebody explain this method in simple word as my english poor.
Thanks
  • #1,409
  • Jul 22, 2016 12:29pm Jul 22, 2016 12:29pm
Closed EC shorts
+180pips
second batch today

Got nice big positions on EG going south now.I think I will hold these to next week since I believe we will get to 83 next week

My total pips made this week 1438 posted here every one of them.
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In trading, you have to be defensive and aggressive at the same time
  • #1,410
  • Jul 22, 2016 12:42pm Jul 22, 2016 12:42pm
Quoting NaughtyPip
{quote} what about floating p/l?
His floating DD was peanuts 52dollars! not even 1/2 %

You post another idiotic post like that you will be ban from this thread.I don't need the idiots here.Did you looked at his profits?
In every trading system reasonable DD is normal.That's just how market is.What you should of commented his remarkable equity curve!!
99.5 glass full and you post about 1/2 % not full part...I think I am going to grab a drink because posts like this just pisses me off.
In trading, you have to be defensive and aggressive at the same time
  • #1,411
  • Jul 22, 2016 1:06pm Jul 22, 2016 1:06pm
Can you share some of your trading history?I want to analyse the way you trade.the entry.exit.time.location
Quoting jnetfx
my results, so far for July, trading Davit's Pivots... {image}
  • #1,412
  • Jul 22, 2016 2:16pm Jul 22, 2016 2:16pm
Quoting Davit
{quote} As you know I've been selling EG from 86 just about every wave and will continue selling until things change but 80 is not unrealistic. So putting things together I already intended to sell at 84 and starting 30pips lower was my way of assuring I have a position in case PA goes south without reaching 84 and my instinct was correct it turned on a dime heading south without reaching 84.There were no limits. If you ask me why buying pound and not selling it well its already been sold enough and now we are going into corrective wave patterns....
Davit, thanks for the explanation, very illuminating, I was looking for a technical explanation and you called that one on fundamentals! This reinforces your earlier post to me about developing fundamentals as well as technical skills
  • #1,413
  • Jul 22, 2016 3:32pm Jul 22, 2016 3:32pm
Quoting Davit
{quote} His floating DD was peanuts 52dollars! not even 1/2 % You post another idiotic post like that you will be ban from this thread.I don't need the idiots here.Did you looked at his profits? In every trading system reasonable DD is normal.That's just how market is.What you should of commented his remarkable equity curve!! 99.5 glass full and you post about 1/2 % not full part...I think I am going to grab a drink because posts like this just pisses me off.
Wow ultra defensive. I asked a fair question in a polite manner and get an aggressive response. Clearly evident that you can throw out criticism but cannot take it and also that you have something to hide..

I can be a cunt also. So here we go. Maximal and relative DD only accounts for REALISED draw down. Now on to unrealised DD or floating loss. It's often the case that no stop loss heroes carry a gruesome floating loss that they hide till the death (margin call). Ask this trader to show you his floating p/l any time of the week and watch them squirm. This type of trader kids themselves into believing that their system works when they may as well toss a coin and they will still get the same result. Then this idiot makes a thread advocating a system that is profitable and is making huge % each week with smooth equity curve and ultra high strike rate. Classic red flag and typical Disney land trader fantasy. You ever wonder why they are sat at forex factory giving away their holy grail system for free instead of being headhunted by a decent prop firm or managing funds? Now please ban me from your sorry thread and block me you arrogant, self loathing, pretentious twat. Goodbye
  • #1,414
  • Edited 5:10pm Jul 22, 2016 4:39pm | Edited 5:10pm
Inserted Video


Anyway, this system is working for me!!!!
  • #1,415
  • Jul 22, 2016 4:40pm Jul 22, 2016 4:40pm
Quoting NaughtyPip
{quote} Wow ultra defensive. I asked a fair question in a polite manner and get an aggressive response. Clearly evident that you can throw out criticism but cannot take it and also that you have something to hide.. I can be a cunt also. So here we go. Maximal and relative DD only accounts for REALISED draw down. Now on to unrealised DD or floating loss. It's often the case that no stop loss heroes carry a gruesome floating loss that they hide till the death (margin call). Ask this trader to show you his floating p/l any time of the week and watch...
There is a saying "when you play with shit you start stinking yourself"
I rather not stink and will not respond further.
In trading, you have to be defensive and aggressive at the same time
  • #1,416
  • Edited 5:18pm Jul 22, 2016 4:53pm | Edited 5:18pm
I am confident who I am and what I do here and results I get.Anyone who feels uncomfortable trading my system please try something else.That's all.
Folks here who put their time and effort make amazing amount of pips and there are others who question everything and jump from system to system test things to death and after years of struggle learn nothing.If you ever hang on Trading discussions you will know these guys.
Some trickle down here looking for quick insight.Not going to happen!Not going to let losers drag this thread to that level.What these guys think and say is irrelevant! after all roughly only 10% make it as successful trader!

Funniest shit I read by these losers here at FF that my results are as good as flipping a coin OMG that was funny.
For the record I have been offered to trade other people's money several times and at all times I declined.I like to be responsible for my account after I build it to a level that I can make a living from then I will start thinking possibility of trading other people's money but until then my account is my truest test how I am doing and believe me its growing at study pace.I do take losses so idiots assuming I will let 1% loss become 20% loss are projecting their experience and not mine.
Moving on

Lets have another profitable great week!
In trading, you have to be defensive and aggressive at the same time
  • #1,417
  • Jul 22, 2016 5:05pm Jul 22, 2016 5:05pm

  1. http://assets.forexfactory.net/nfs/c...r230796_81.gif Davit
  2. J

  • #1,418
  • Jul 22, 2016 5:11pm Jul 22, 2016 5:11pm
I don't carry positions over night. This is July to date, as at the end of today's trading. First month trading Davit's Pivots. I hope this helps.

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  • #1,419
  • Jul 22, 2016 6:55pm Jul 22, 2016 6:55pm
Quoting jnetfx
I don't carry positions over night. This is July to date, as at the end of today's trading. First month trading Davit's Pivots. I hope this helps. {image}
Jnetfx, congrats on the results, nice smooth curve.
I am just curious how you use this pivot method and don't carry the positions overnight because I often find it taking a day or more for the move up or down to complete. Are you waiting for the move to be well advanced and just scalping out the highest momentum part of it with single entry/single exit?
  • #1,420
  • Jul 22, 2016 7:32pm Jul 22, 2016 7:32pm
For what it is worth, yes, that is pretty much it. I look for extensions away from the weekly pivot, further the better (bearing fundamentals in mind), look for momentum exhaustion signals to trade around the pivots, and look for ADR % also overextended (over 100%). I do not think I am any expert to look to with trading this system, I only posted the results to date as a thankyou to Davit for all his posts in this thread. I have learnt a lot from reading his comments, and I identify with his style, aswell as appreciate his honesty around his trading. Something else I could add though is that I trade multiple entries and exits, around the pivots, always same lot sizes, but different lot sizes for different pairs (based on ADR) with the same general $ target for all pairs and each set of trades. I only aim for 20% of what I think the swing will be, so I guess it is scalping. And although I said I don't hold positions overnight that is just a rule that I try to keep, but if I really believe in my setup I would hold it. I just don't like doing it. Hope that helps.
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