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Pivot Trading

  • #2,061
  • Aug 28, 2016 3:49am Aug 28, 2016 3:49am
Nice quotes...
totally agreed...
Still takes time to learn to become autopilot.. once see the chart, automatically knows what to do..
once you are mastering it, I have to overcome the obstacle about psychology...
not over trade and revenge on the losses made...

Quoting Davit
{quote} Its an endless cycle until something hits you in the head and you recognize a value that you could not before.Some reach this level earlier then others and some never do and spent years running in circles. While I understand this may not work for everyone but I do encourage whatever you choose try sticking with it minimum 3 months. It takes time for brain to make new physical memory. Its like learning riffs on guitar.Takes time until you start playing without thinking but your fingers do the thinking.In my opinion ideal trading should be effortless,emotionless and repetitive...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,062
  • Aug 28, 2016 4:31am Aug 28, 2016 4:31am
Quoting mch1970
NU, AU and NC shorts all paid off in style this week. +1,150 pips across 16 short positions in NU. Added at R38, R61 and R78. Price briefly touched R78 before making a significant reversal through the weekly pivot. {image} +450 pips across 13 short positions in NC. Positions built through R61, R78 and in the region just prior to R100. Price made 5 attempts at R100 during the week, failing to break through each time. {image} +595 pips in AU this week across 9 short positions. Been hammering AU this month. Gained +1050 pips in the two weeks prior...
Nice Trades!

Quoting pipsniper007
{quote} Davit i cant express enough how this thread on pivots has changed my game on trading, that is why i will always be loyal to this group and contribute my results to inspire others who wants to make it well in this business to do exactly what mch1970 mraam​ Davit ​and the rest of the team eating greenies on here are suggesting.... PRACTISING Price action, understanding of harmonic...
, Im learning everyday Brother.

Quoting Davit
{quote} Was wondering about you since you stopped posting here.Hope you are doing ok Its interesting that guys who use some logic observation and perseverance rip massive pips using my system however guys who just dive in lightly and jump out quickly without learning much do poorly or just move on to next system having learned nothing from previous one. Its an endless cycle until something hits you in the head and you recognize a value that you could not before.Some reach this level earlier then others and some never do and spent years running in...
Excellent advice.

My trades (some still Running)

Gold 50+ (one still open)
NU 200+ (some still open)

Cheers
MR
Attached Image(s) (click to enlarge)
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Silence your Ego & Your Power will Rise
  • #2,063
  • Aug 28, 2016 7:02am Aug 28, 2016 7:02am
Quoting Davit
{quote} Was wondering about you since you stopped posting here.Hope you are doing ok Its interesting that guys who use some logic observation and perseverance rip massive pips using my system however guys who just dive in lightly and jump out quickly without learning much do poorly or just move on to next system having learned nothing from previous one. Its an endless cycle until something hits you in the head and you recognize a value that you could not before.Some reach this level earlier then others and some never do and spent years running in...
Couldn't agree more with Davit.

I've focused solely on trading this method for the last 2 months. I have however been following pivots and the logic around wave theory, harmonics for much longer, but this is the first time that it has all come together - the kind of light bulb moment, when you actually decide to watch what price action is doing around these pivot levels, rather than worrying about the lagging indicators.

I no longer worry about missing trades, or finding the next best holy grail indicator that will lead to massive profits. I am only 2 months in, but I finally feel a sense of commitment to this method, because it truly works.

Invest in yourselves by reading this thread from page 1. Apply the rules / logic of the method. Don't trade on demo - it doesn't work. Invest in the emotion of trading a small account with small positions. Start to feel in control, even when positions go into drawdown - because it will happen - by trading small sizes.

Start to plans trades from entry to exit. This is possibly the best system / method for applying entry and exits. Because of the various opportunities around each particular pivot, you can choose logically when to enter and exit.

I've almost double my account in 2 months. In itself that statement is really hard to believe - but it has happened because of a consistent approach and focusing on each trade set up, by applying certain rules and logic. Pivots aren't a holy grail - but applied properly, they are the next best thing.
  • #2,064
  • Aug 28, 2016 1:30pm Aug 28, 2016 1:30pm
Quoting mch1970
{quote} . I've almost double my account in 2 months.
Great results! Very inspiringkeep milking that cash cow

I just went over all majors and without market open its hard knowing if USD will continue dominate from Friday momentum or stall and correct.
I anticipate Sept coming up market full liquidity returning and the ever ending Feds drumbeat of hikes headlines to continue.
ATM I still like AN long and will focus on this.NZD is way appreciated in my view without merit much of the blast coming from latest Wheeler talk.
Harmonically its in good place as well.Anyway I tend to go through pairs I trade then pick the potential winners.

Waiting for EG to test the 86 hopefully to short this.May not happen.EG looks bearish.
BOJ signalling more stimulus and ECB wants lower Euro as well.Should be very interesting Sept. GJ has great potential even though I don't trade it but I may make an exception on long side
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In trading, you have to be defensive and aggressive at the same time
  • #2,065
  • Aug 28, 2016 7:03pm Aug 28, 2016 7:03pm
UC area in yellow reversal zone
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In trading, you have to be defensive and aggressive at the same time
  • #2,066
  • Aug 28, 2016 7:05pm Aug 28, 2016 7:05pm
Lot of majors are close to key R zones
Right now its just wait and see time much like predator watching prey
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In trading, you have to be defensive and aggressive at the same time
  • #2,067
  • Aug 28, 2016 9:14pm Aug 28, 2016 9:14pm
Inserted Video

One of the greatest young Jazz Artists now
This blows away what you think jazz is.Notice toy piano he is playing...
In trading, you have to be defensive and aggressive at the same time
  • #2,068
  • Edited 11:04pm Aug 28, 2016 10:38pm | Edited 11:04pm
Quoting mch1970
{quote} Couldn't agree more with Davit. I've focused solely on trading this method for the last 2 months. I have however been following pivots and the logic around wave theory, harmonics for much longer, but this is the first time that it has all come together - the kind of light bulb moment, when you actually decide to watch what price action is doing around these pivot levels, rather than worrying about the lagging indicators. I no longer worry about missing trades, or finding the next best holy grail indicator that will lead to massive profits....
Great results, X2 in two month.

Just Querious to about floating loss as % of balance because IMO profit directly related to floating loss (lot size). We all shouls know the ratio of Profift v/s drawdown (floating loss).

So long DD (floating loss) is less than a month profit it is managable.

Thanks
  • #2,069
  • Aug 28, 2016 10:52pm Aug 28, 2016 10:52pm
Closed NU, Price reversing to Pivot. 522+

Cheers
MR
Attached Image (click to enlarge)
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Silence your Ego & Your Power will Rise
  • #2,070
  • Aug 29, 2016 12:56am Aug 29, 2016 12:56am
UCad short. 
Im on octafx demo account for this one. This morning im WD all my money from instafx. Maybe i will use octa for my broker of choice. Moving from 1:1000 to 1:500 leverage broker.
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  • #2,071
  • Aug 29, 2016 1:30am Aug 29, 2016 1:30am
Quoting Davit
{quote} Hi TreeJ I am glad you made an effort reading this thread.Trading is all about details and with that in mind twice you mentioned me as David its Davit no biggy just a detail
I apologize, I do not pay attention and thank you for your correction.
  • #2,072
  • Aug 29, 2016 2:38am Aug 29, 2016 2:38am
Good morning Pivoteers

Who's sniping what today ? got my eye on UC at the moment....looks exhausted im thinking of taking her down to 1.29500 area:nerd:

I try not to rush into trades on a monday ...
  • #2,073
  • Aug 29, 2016 2:53am Aug 29, 2016 2:53am
Quoting pipsniper007
Good morning Pivoteers Who's sniping what today ? got my eye on UC at the moment....looks exhausted im thinking of taking her down to 1.29500 area:nerd: I try not to rush into trades on a monday ...

My UC still holding with tp 1.2970.
  • #2,074
  • Aug 29, 2016 3:32am Aug 29, 2016 3:32am
Quoting treeJ
{quote} My UC still holding with tp 1.2970.

AAAHAH TreeJ ... im with you on that drop happening as we speak bro
  • #2,075
  • Aug 29, 2016 3:48am Aug 29, 2016 3:48am
C'mmon guys, who's joining me and treeJ for breakfast
Attached Image (click to enlarge)
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  • #2,076
  • Aug 29, 2016 4:06am Aug 29, 2016 4:06am
short UC with weekly pivot zone of 2950 as initial target.
  • #2,077
  • Edited 5:36am Aug 29, 2016 4:13am | Edited 5:36am
Hi 007 and All,
Im IN, short UC

TDI 4H, 1H and 30M, all crossed down..


Quoting pipsniper007
Good morning Pivoteers Who's sniping what today ? got my eye on UC at the moment....looks exhausted im thinking of taking her down to 1.29500 area:nerd: I try not to rush into trades on a monday ...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,078
  • Aug 29, 2016 4:26am Aug 29, 2016 4:26am
Quoting pipsniper007
C'mmon guys, who's joining me and treeJ for breakfast {image}
Morning afternoon evening brother.. Im on the fence for UC, price is stuck at 1.30 for the past 7/8 hours.

Im on EA (+29)

Cheers
MR
Silence your Ego & Your Power will Rise
  • #2,079
  • Aug 29, 2016 4:30am Aug 29, 2016 4:30am
Quoting andy_l
Hi 007 and All, Im IN, short UC TDI 4H, 1H and 30M, all crossed down.. {quote}

mch1970


aaah the team is here Holding UC strong
  • #2,080
  • Aug 29, 2016 4:31am Aug 29, 2016 4:31am
Quoting mkfx
{quote} Great results, X2 in two month. Just Querious to about floating loss as % of balance because IMO profit directly related to floating loss (lot size). We all shouls know the ratio of Profift v/s drawdown (floating loss). So long DD (floating loss) is less than a month profit it is managable. Thanks
Agree with logic - profits and drawdowns can correlate with lot size. However, I'm careful to build positions in pairs where I understand the fundamentals and generally trade those pairs in one direction. For example UC, NU, NC and AU, I trade 99% of the time on the short side. So if I start building a position at say the S38 level and it spikes to S61 or S78 or even S100, then I'm careful not to be fully loaded in terms of max positions at the S38 level. I make sure I have room to add to my basket if price moves out, as eventually it will reverse and hit targets. Max floating drawdown so far in my 2 months of trading this method has been around the 6-8% mark - largely due to AU and NU holding up, even in light of rate cuts.

Early on, as I was getting used to this method, I made the mistake of entering trades too early, when TDI wasn't confirming the PA entry and there was more room for price to move against me. I'm now learning that patience with entry, certainly helps with reducing the floating drawdown and maximising profits.

For example - I hit both AU and NU hard in terms of adding positions late last week when USD bulls began gaining some momentum ( NU moved from around R78 to almost touch S38 on Friday afternoon) and this added significantly to monthly PL. So Friday last week added another 14% to my PL with almost zero drawdown across NC, AU, NU, EG and GU.
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