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Pivot Trading

  • #2,101
  • Aug 29, 2016 7:30am Aug 29, 2016 7:30am
Thanks Davit.

Great to see real time example of the Harmonic Trading book you recommended.

Really appreciate the time and effort you put in to share.

K.
  • #2,102
  • Aug 29, 2016 7:51am Aug 29, 2016 7:51am
so far UC can't break 38R but showing no weakness either
neutral to me.No trade
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,103
  • Aug 29, 2016 7:53am Aug 29, 2016 7:53am
on EG
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,104
  • Aug 29, 2016 8:18am Aug 29, 2016 8:18am
Quoting Arjun-LE1
USDCAD Long. TP R61. SL 29 pips. {image}
Morning Arjun, would you share which TF you took your trade on and the specific candle?
Thanks, TX
  • #2,105
  • Aug 29, 2016 8:27am Aug 29, 2016 8:27am
Quoting Davit
so far UC can't break 38R but showing no weakness either neutral to me.No trade {image}
Thanks Davit for your input on UC. It's a great honour to have thread starter to participate actively in his thread and managing it well. My sincere appraisal for your effort.

I will write brief description on why i went LONG on UC. This is for discussion purposes only, only to benefit other members in this forum. Each will learn from one another experience.

Thanks
Let all the living things live blissfully
  • #2,106
  • Aug 29, 2016 8:28am Aug 29, 2016 8:28am
Quoting Tx15
{quote} Morning Arjun, would you share which TF you took your trade on and the specific candle? Thanks, TX
Let me put up some chart to assist the setup for the trade.
Let all the living things live blissfully
  • #2,107
  • Aug 29, 2016 8:30am Aug 29, 2016 8:30am
Weekly UC. Trend is up . Look for long set up only on the lower time frame (240M or 60M).

Price is making HH and HL. Last week was very strong BULL candle hitting the resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: UC Weekly.png Size: 25 KB
Let all the living things live blissfully
  • #2,108
  • Aug 29, 2016 8:33am Aug 29, 2016 8:33am
Daily TF. Look at the Friday candle . Strong Bullish with long wicks ( rejection) & sign strong buyer.

Price is making a progress with HL.
Attached Image (click to enlarge)
Click to Enlarge Name: UC Daily.png Size: 26 KB
Let all the living things live blissfully
  • #2,109
  • Aug 29, 2016 8:35am Aug 29, 2016 8:35am
240M. This is my trading TF. It's just a break out of the high on the previous day high ( that is Friday high.)
Attached Image (click to enlarge)
Click to Enlarge Name: UC 240M.png Size: 29 KB
Let all the living things live blissfully
  • #2,110
  • Aug 29, 2016 8:38am Aug 29, 2016 8:38am
Quoting Arjun-LE1
Daily TF. Look at the Friday candle . Strong Bullish with long wicks ( rejection) & sign strong buyer. Price is making a progress with HL. {image}
Glad to have you here friend!
UC should be interesting at 3070-3140 61-100 pivot zones

When I see no clear trades on majors I tend to focus on crosses like AN EG NC AC etc until majors get into zones.Sort of make money while waiting for set up
regards
In trading, you have to be defensive and aggressive at the same time
  • #2,111
  • Aug 29, 2016 8:40am Aug 29, 2016 8:40am
Quoting Arjun-LE1
USDCAD Long. TP R61. SL 29 pips. {image}

Good R:R trade. Thanks Davit for a beautiful system. Don't make it complicated than this. Just trade according to Davit's rule, pump those pips out and enjoy your trade.

There are days when I loose, but it is small compares to pips I made.
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD Long 001.png Size: 32 KB
Let all the living things live blissfully
  • #2,112
  • Aug 29, 2016 8:41am Aug 29, 2016 8:41am
here is my Christmas show on AN

As you can tell most of anglator arrows are green specially h4.Harmonically its very probable to break north
massive space above
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZDM30.png Size: 51 KB
Click to Enlarge Name: AUDNZDDaily.png Size: 53 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,113
  • Aug 29, 2016 8:43am Aug 29, 2016 8:43am
Quoting Arjun-LE1
Daily TF. Look at the Friday candle . Strong Bullish with long wicks ( rejection) & sign strong buyer. Price is making a progress with HL. {image}
Thank you Arjun for such a clear explanation...a lot more than I expected. Davit has started a great thread here, and I feel fortunate to be learning from a number of contributors that thoroughly understand what Davit is teaching.

Thanks again,
TX
  • #2,114
  • Aug 29, 2016 8:48am Aug 29, 2016 8:48am
lots of space to key zones(in yellow)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,115
  • Aug 29, 2016 8:51am Aug 29, 2016 8:51am
EG had clear divergence which I drew on the chart.Although I don't talk about divergence I keep an eye on it when it forms.
In trading, you have to be defensive and aggressive at the same time
  • #2,116
  • Aug 29, 2016 8:58am Aug 29, 2016 8:58am
First trade use this method with live account.
GU 59 pips, GJ 76 pips, EJ 116 pips, UC 12 pips. Total 263 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 012 gu-l.jpg Size: 100 KB
Click to Enlarge Name: 013 gj-l.jpg Size: 107 KB
Click to Enlarge Name: 014 ej-l.jpg Size: 108 KB
Click to Enlarge Name: 011 uc-l.jpg Size: 101 KB
  • #2,117
  • Aug 29, 2016 9:01am Aug 29, 2016 9:01am
Quoting Davit
{quote} its off by 10pips which is acceptable.Pivots are zones in general meaning price fluctuates within the zones not exact number.As long as you are within 10pips its fine.

Hi Davit,

I think I did not convey what I wanted to more clearly so some confusion. Reference to your AUDUSD chart at 2066.
As per my MT4, the Pivot is @ 0.75968 ............. as per your charts it is @ 0.76392
My R78 is @ 0.77119......................................... your charts it is 0.77414
My S38 is @ 0.75408 ..........................................your charts it is 0.75759... all big differences. Pls check up and clarify.
  • #2,118
  • Aug 29, 2016 9:03am Aug 29, 2016 9:03am
Quoting Arjun-LE1
240M. This is my trading TF. It's just a break out of the high on the previous day high ( that is Friday high.) {image}

aaaaaah basic price action to analyse charts naked...always the best way to trade, sometimes we tend to overlook the obvious which is right in front of us thanks for the reminder there

i personally overlooked that long UC potential purely ignoring the basics as above *slap myself*

awsum wakeup call there brother, thanks
  • #2,119
  • Aug 29, 2016 9:05am Aug 29, 2016 9:05am
Quoting DemandSupply
{quote} Hi Davit, I think I did not convey what I wanted to more clearly so some confusion. Reference to your AUDUSD chart at 2066. As per my MT4, the Pivot is @ 0.75968 ............. as per your charts it is @ 0.76392 My R78 is @ 0.77119......................................... your charts it is 0.77414 My S38 is @ 0.75408 ..........................................your charts it is 0.75759... all big differences. Pls check up and clarify.
you might have comparing last weeks pivot because my chart is very close to yours now
every week pivots change,Indicator does readjust.
beyond that I use Oanda NY and you can get demo from them and use that as reference.Broker time is different.Like I said 10pips difference is ok.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,120
  • Aug 29, 2016 9:48am Aug 29, 2016 9:48am
Quoting Davit
{quote} you might have comparing last weeks pivot because my chart is very close to yours now every week pivots change,Indicator does readjust. beyond that I use Oanda NY and you can get demo from them and use that as reference.Broker time is different.Like I said 10pips difference is ok. {image}
Hi Davit,

Thanks . Am now clear . The mistake that I did, was comparing your last weeks charts, without realizing that the pivots would have now readjusted for the current week. Thanks once again.
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