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Pivot Trading

  • #1,701
  • Aug 6, 2016 6:59am Aug 6, 2016 6:59am
Quoting Ockham
Hi Davit and all, still practicing your system, i m not used to this high TF M30 (was scalping before 50" charts) so i think i found an interesting trade yesterday except for the NFP of course but it is not essential for practicing good entries i think. So i choose this entry because i get R61, TDI signal, bear divergence and R by oblique so pretty nice entry, my question is how do you do with your sl or be when the trade is long as this one (8H), did you touched anything until TP or SL is reach or did you closed this trade after a certain time...
Welcome
I try to get at least 100pips and with multiple entries its not difficult.That same trade I made 160pips.How far and how long depends on price action as you noticed there was way too much bull pressure on AU and I knew "I better get out" PA just could not break below 76 even 7620 was hard.
Aussie situation is not normal.It is flight to safety high yielding currency for now but in FX nothing is solid.Things change from week to week.
Anyway good luck
In trading, you have to be defensive and aggressive at the same time
  • #1,702
  • Aug 6, 2016 7:01am Aug 6, 2016 7:01am
Quoting andy_l
Hi Davit... Thanks for your great trading system.. Just wonder... why 50% fibo retracement was not in the chart..
Hi Andy
50% is not a fib level although its common people referring it that way.I find as far S/R plays minor role not enough to change the indicator and add more variables.
regards
In trading, you have to be defensive and aggressive at the same time
  • #1,703
  • Aug 6, 2016 7:59am Aug 6, 2016 7:59am
Some fundie news on Aussie that may have an effect
Iron ore tumbles by the most since June, leaving it below $60 a tonne

good reading on current situation.
Australian dollar remains a yield magnet for investors despite rate cuts


"The RBA is principally seeking to reverse the appreciating Australian currency so as to improve domestic competitiveness on exports and services," said David Clark, investment manager at Cameron Harrison.
"An exchange rate of US68 would give the RBA the additional domestic economic support it cannot otherwise achieve through relative interest rates."

"Even if the Fed hikes in December, even if interest rate differentials narrow further in the US, the Aussie dollar will continue to be supported because of foreign flows into higher yielding assets including Australia," he said.
While this may prevent it from falling much further, Mr Haddad said it was unlikely the Aussie would shoot higher anytime soon. The currency is entrenched in a longer term cyclical downswing, rather than in an appreciating cycle.
In trading, you have to be defensive and aggressive at the same time
  • #1,704
  • Aug 6, 2016 4:34pm Aug 6, 2016 4:34pm
Hi pivoters
I don't trade the yen but this looks attractive.(might break my rule)Bounce from 61S and likely test 38R 105.40 then 61R
Japanese actually desperate to lower the Yen.Its appreciation is sending alarm bells
Friday's job report was better then anticipated should carry bull momentum further up
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In trading, you have to be defensive and aggressive at the same time
  • #1,705
  • Aug 6, 2016 11:49pm Aug 6, 2016 11:49pm
Hi all, for those who are trading all day long could you share your configuration chart set up to watch all your pairs with Davit's pivot system ?
I tried different set up but not already happy with this, according that at the beginning of the day you preselected some interesting pairs like nears S/R 61 or pivots etc.. waitting for good entries how did you organize your mt4 screen ? with 20 pairs up seems to start a little bit busy area ! are you also placing some TDI alerter on this selected charts to not miss some entry ? Thanks
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There is no way to happiness , happiness is the way.
  • #1,706
  • Aug 7, 2016 9:08am Aug 7, 2016 9:08am
Quoting Ockham
Hi all, for those who are trading all day long could you share your configuration chart set up to watch all your pairs with Davit's pivot system ? I tried different set up but not already happy with this, according that at the beginning of the day you preselected some interesting pairs like nears S/R 61 or pivots etc.. waitting for good entries how did you organize your mt4 screen ? with 20 pairs up seems to start a little bit busy area ! are you also placing some TDI alerter on this selected charts to not miss some entry ? Thanks {image}
Hi Ockham
I am not sure exactly what you are asking but I only open 1 chart at the time and look at them one by one marking notes on potential set ups like yellow boxes to alert me.Not difficult spotting.
I basically look around 10-12pairs.That's it.Its about focus on getting good entries on pairs you are familiar not be all over the board.
good luck
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In trading, you have to be defensive and aggressive at the same time
  • #1,707
  • Aug 7, 2016 9:13am Aug 7, 2016 9:13am
Quoting Guitarbloke
N/C D1 BEOB. Watching this one for a possible short entry off R38 area. See where pivots align when market opens, along with TDI green line turning down. Sorry Ockham, i don't use any system or alerts at this stage. Some others here may. All the best. Spent an interesting and informative few hours reading the first 100 pages of Big E's TMS thread, mainly for insight on TDI use. My batteries are recharged and am expecting to profit this week. Wishing all green pips for the week ahead. {image}
Hi Guitarbloke
I don't know what you are using but I don't see my pivots on your chart.Its fine to use whatever you prefer on your privacy but on this thread posting unrecognizable chart confuses others as what you are doing or why you even posting here at all.Only thing I see on your chart is TDI...
Hope you don't take it personally but I do insist you use my template so everyone can be on same page.
regards
In trading, you have to be defensive and aggressive at the same time
  • #1,708
  • Aug 7, 2016 9:37am Aug 7, 2016 9:37am
Quoting Davit
{quote} Hi Guitarbloke I don't know what you are using but I don't see my pivots on your chart.Its fine to use whatever you prefer on your privacy but on this thread posting unrecognizable chart confuses others as what you are doing or why you even posting here at all.Only thing I see on your chart is TDI... Hope you don't take it personally but I do insist you use my template so everyone can be on same page. regards
Yeah, it does look strange. Am using your pivot indy as usual. I think my software has gone mental temporarily i hope. Will delete post and make sure indy is working properly this week. GB.
'Fail to plan, plan to fail'
  • #1,709
  • Edited 9:22pm Aug 7, 2016 8:54pm | Edited 9:22pm
Looks like NZD is sell side before the rate cut.

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TP to R38

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double top

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  • #1,710
  • Aug 7, 2016 9:47pm Aug 7, 2016 9:47pm
Quoting inforserve
Looks like NZD is sell side before the rate cut. {image} {image} TP to R38 {image} double top {image}

Hi inforserve

Your highest sell point on AC was perfect, resulting in turning your losing position green! I am carrying a loss on the same trade, but have almost balanced it by closing A/U shorts which I topped up at 76.56, similar to what you did with A/C. I closed shorts on N/U at S61 ( a beautiful bounce there) about an hour ago, watching S38, if it regains, for a possible reload. Long on A/U from 76.05 & 76.10 now, a bit of a hedge against any further decline in A/C. Aussie looks hard to stop, was happy to get rid of shorts. I hope you keep up your recent good results! Have enjoyed tracking your trades.

Cheers Mate
  • #1,711
  • Aug 8, 2016 12:54am Aug 8, 2016 12:54am
I like see NZD going lower.

"BNZ economists now see Reserve Bank cutting rates this week and signposting two more cuts; anything less and the NZ dollar will rise and the RBNZ's credibility 'will be brought into question'"

http://www.interest.co.nz/bonds/8298...-two-more-cuts
  • #1,712
  • Edited 3:23am Aug 8, 2016 3:03am | Edited 3:23am
Quoting inforserve
I like see NZD going lower. "BNZ economists now see Reserve Bank cutting rates this week and signposting two more cuts; anything less and the NZ dollar will rise and the RBNZ's credibility 'will be brought into question'" http://www.interest.co.nz/bonds/8298...-two-more-cuts

Me too mate. N/U will be in play with the expected rate cut and following up on Aussie cut. I just started reload. My A/U longs doing the hedge for me, compensating for A/C bouncing back up against me. That was my worst trade last week, cut loss on one third when it eased back my way today.

Hi Davit, I noted your advice about background colour on news, will blend in when I have more time. Are you holding your A/C still? Just wondering what your strategy is with that trade. Aussie fundamentals generally are poor, but the carry trade is creating upside unpredictability. On the Canadian side, the employment and trade balance numbers were not well received, but oil has been bumping up, although that's limited by any rise in USD. Creates a complicated fundamental equation.
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  • #1,713
  • Aug 8, 2016 3:11am Aug 8, 2016 3:11am
Barev Davs!

When I saw this picture ,I also clearly saw you intensively clicking on the sell button)))))

Cheers dear friend!!!!
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Success is nothing more than a few simple disciplines, practiced every day.
  • #1,714
  • Aug 8, 2016 5:08am Aug 8, 2016 5:08am
E/GBP at R38. Hopefully setting up for a black eye.
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  • #1,715
  • Aug 8, 2016 6:22am Aug 8, 2016 6:22am
Quoting Blackopal
E/GBP at R38. Hopefully setting up for a black eye. {image}
Unfortunately only one entry. Quick 18 pound pips. Thanks Davit's pivots
  • #1,716
  • Aug 8, 2016 8:47am Aug 8, 2016 8:47am
closed UC shorts
+176pips
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In trading, you have to be defensive and aggressive at the same time
  • #1,717
  • Aug 8, 2016 8:49am Aug 8, 2016 8:49am
Quoting Machinator
Barev Davs! When I saw this picture ,I also clearly saw you intensively clicking on the sell button))))) Cheers dear friend!!!! {image}
Got out myself with decent profit.Hope you collect my friend as well.
In trading, you have to be defensive and aggressive at the same time
  • #1,718
  • Aug 8, 2016 8:50am Aug 8, 2016 8:50am
Quoting Blackopal
{quote} Me too mate. N/U will be in play with the expected rate cut and following up on Aussie cut. I just started reload. My A/U longs doing the hedge for me, compensating for A/C bouncing back up against me. That was my worst trade last week, cut loss on one third when it eased back my way today. Hi Davit, I noted your advice about background colour on news, will blend in when I have more time. Are you holding your A/C still? Just wondering what your strategy is with that trade. Aussie fundamentals generally are poor, but the carry trade is creating...
Yes DD on AC and NC
Has not reached my SL so holding still. Things may change after RBNZ.
In trading, you have to be defensive and aggressive at the same time
  • #1,719
  • Aug 8, 2016 8:59am Aug 8, 2016 8:59am
AU is reached previous strong R
This shit should come down soon
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In trading, you have to be defensive and aggressive at the same time
  • #1,720
  • Aug 8, 2016 9:33am Aug 8, 2016 9:33am
short AC, from 1.006 and 1.008, aiming for 0.99800
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AznZues