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Pivot Trading

  • #2,121
  • Aug 29, 2016 1:33pm Aug 29, 2016 1:33pm
Closed EG shorts
PA can't break 8530 so taking my money
+64pips
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In trading, you have to be defensive and aggressive at the same time
  • #2,122
  • Aug 29, 2016 2:35pm Aug 29, 2016 2:35pm
Quoting Davit
Closed EG shorts PA can't break 8530 so taking my money +64pips {image}

haha I did the exact same thing, noticed the support area on that level and sniped it...... i was at the gym at the time on my phone so it was hard to screenshot

Looks good for re entry now tho
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  • #2,123
  • Aug 29, 2016 3:21pm Aug 29, 2016 3:21pm
Quoting pipsniper007
{quote} haha I did the exact same thing, noticed the support area on that level and sniped it...... i was at the gym at the time on my phone so it was hard to screenshot Looks good for re entry now tho {image}
every bit helps for that monthly %
lets see how this goes on asia.I got nothing on EG now
In trading, you have to be defensive and aggressive at the same time
  • #2,124
  • Aug 29, 2016 5:25pm Aug 29, 2016 5:25pm
Quoting treeJ
First trade use this method with live account. GU 59 pips, GJ 76 pips, EJ 116 pips, UC 12 pips. Total 263 pips. {image} {image} {image} {image}
TreeJ
great job!!
In trading, you have to be defensive and aggressive at the same time
  • #2,125
  • Aug 29, 2016 6:46pm Aug 29, 2016 6:46pm
anyone trade on USDJPY ?
  • #2,126
  • Aug 29, 2016 7:33pm Aug 29, 2016 7:33pm
Quoting widyantoro
anyone trade on USDJPY ?
I had just closed, trade from yesterday.
  • #2,127
  • Aug 29, 2016 7:35pm Aug 29, 2016 7:35pm
Quoting dnl
{quote} please forgive my OOT post Davit.. oanda leverage is 1:50 and thats out of my wallet
I am using a 1:10 account to learn this method and in reality I rarely exceed 1:6, I managed to average 10% each month for the 2 months I have been demo'ing this system despite this low leverage.

My advice for what its worth: starting slowly builds CONFIDENCE in the system. Why use silly levels of risk, chances are you will go bust and at that point I suspect a lot of people get disillusioned and go looking for another system.
  • #2,128
  • Aug 29, 2016 8:03pm Aug 29, 2016 8:03pm
Quoting Davit
{quote} Hi Mkfx Everyone's approach to trading will be different.Its best you trade what you are comfortable risking.Some risk more and rip greater rewards however opposite is true as well busting accounts.There must be healthy balance. Try to come out with trading plan that targets 10% monthly growth and that's really great if you can hit it consistently and when you pass that 10% it becomes even easier to increase since psychologically you already hit your monthly goal. Let me also add that account size matters.One can risk 50% on 500 account...
Thanks Davit for your giudence here on all spect of trading .

you are right it depends on account size as it grows risk% reduced by trader and same thing i am following.
I am aiming 10% and landing 12% my main focus is keep floating DD less than 10% .

Regards

MK
  • #2,129
  • Aug 29, 2016 9:07pm Aug 29, 2016 9:07pm
Quoting treeJ
{quote} I had just closed, trade from yesterday.
Great Morning team,

My completed trades today

UJ SL kicked in +147, price hit R38 and bounced, now its moving again.

UC +30, dollar bulls are still strong.

Fischer keeps talking about raising interests. I doubt anything will happen before US elections, and if donald trump wins its an even bigger question mark.

Cheers
MR
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Silence your Ego & Your Power will Rise
  • #2,130
  • Aug 29, 2016 11:50pm Aug 29, 2016 11:50pm
followed the instruction on Post# 1965 http://www.forexfactory.com/showthre...21#post9099521

got a 6pips difference from that of Davit.


Thanks so much, will manually set it from now on...

AJ



Quoting Davit
{quote} I noticed specially Australian traders have bigger discrepancy.It's your broker time frame.May want to manually change few things. Let me see If I can find the post. Saved this post to my hard drive Thank you Guitarbloke! {quote}

Quoting Guitarbloke
Hello all, I have finally unravelled the pivot indy out of whack riddle! PITA for those of us presuming indy would be ready to go as is like a big Mac lol. I am in east coast Oz, and have NY close candle charts, but i still had to fiddle with my settings for it to line up with Davits charts. Closest i could get is 1.5 pips out from his, but that's close enough. This what i did: Get into indy settings. Set brokers candle to FALSE. This was the trick/key to being able adjust the pivots up and down for me. Set the week to latest week on Choose H1 start...
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If you do not risk it, you cant make it, you cant risk nothing for somethin
  • #2,131
  • Aug 30, 2016 2:51am Aug 30, 2016 2:51am
Dear respected team members,

appreciate if you can share your risk management on Davit's pivot trading with TDI method.

Thanks
  • #2,132
  • Aug 30, 2016 4:59am Aug 30, 2016 4:59am
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}
closing. TP. Waitng for next move.
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Let all the living things live blissfully
  • #2,133
  • Edited 5:12am Aug 30, 2016 5:00am | Edited 5:12am
Long on GA.

Understand the logic behind this Pivot Point trading strategy, understanding how price moves at Weekly Pivot Points first will assist your trading.

You have to determine the direction of price, that is the number one priority. In this case an uptrand preceding.

Consolidate between Pivot Point lvels, then move to the next Pivot Point level.

These levels are formed around Pivot Point and Whole price numbers.
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #2,134
  • Aug 30, 2016 5:36am Aug 30, 2016 5:36am
Quoting Arjun-LE1
{quote} closing. TP. Waitng for next move. {image}


Good day Pivoteers Nice one Arjun ... im on the fence at the moment with all major pairs pre NFP always choppyness...makes me nervous to enter...dont like to be nervous when taking positions

Other than that......what youáll looking at
  • #2,135
  • Aug 30, 2016 5:58am Aug 30, 2016 5:58am
Quoting PositiveTrad
Dear respected team members, appreciate if you can share your risk management on Davit's pivot trading with TDI method. Thanks
Hi Pt
1st this is advance trading and if you are new I highly advise not even trying this.My risk is whatever you want it to be.You can place SL at 30pips or 50pips or 100.Mine is based on actual dollar amount not pips.
You must figure yourself what risk you are comfortable with.No system can enforce strict sl rules because market is fluent and things change all the time.One time it makes sense getting out at 20pips loss another time it will not be wise at all.
You have to figure out yourself.To me this approach is most logical and honest.
In trading, you have to be defensive and aggressive at the same time
  • #2,136
  • Aug 30, 2016 6:01am Aug 30, 2016 6:01am
GJ Long.

Price retracement after London ( yesterday) is recognized as a retracement, the now is to look for a reason to enter either long at R38.
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #2,137
  • Aug 30, 2016 6:09am Aug 30, 2016 6:09am
I like to share a technique I use with high impact news day.
Lets take example UC
As you noticed price is trying to break 38R but not having very good success so far.You can anticipate spikes during news and that when limit orders could be great tool to use in our favor.
Place short orders on 78R and 100R bigger lot at 100R and leave it alone.I had my orders trigger many times before and be in profit almost immediately.
Anyway price can also move against you as well however since its at 78-100R it will be capped and probability of correction great.
Here is my chart
have 1 orders at 78R 1 in between 78R-100R and 2 orders at 100R total of 4 orders
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In trading, you have to be defensive and aggressive at the same time
  • #2,138
  • Aug 30, 2016 6:12am Aug 30, 2016 6:12am
Quoting Arjun-LE1
GJ Long. Price retracement after London ( yesterday) is recognized as a retracement, the now is to look for a reason to enter either long at R38. {image}
nice trading going on my friendKeep up the good work
In trading, you have to be defensive and aggressive at the same time
  • #2,139
  • Aug 30, 2016 6:15am Aug 30, 2016 6:15am
Quoting Davit
I like to share a technique I use with high impact news day. Lets take example UC As you noticed price is trying to break 38R but not having very good success so far.You can anticipate spikes during news and that when limit orders could be great tool to use in our favor. Place short orders on 78R and 100R bigger lot at 100R and leave it alone.I had my orders trigger many times before and be in profit almost immediately. Anyway price can also move against you as well however since its at 78-100R it will be capped and probability of correction great....

I hear you Davit but seeing that its wedged between 38 and 61... likely to breakthrough and close underneath 61........ wicking close to 78 my opinion on that note :nerd:
  • #2,140
  • Aug 30, 2016 6:39am Aug 30, 2016 6:39am
GU Long.

Seems to me GBP is strong today.
Attached Image (click to enlarge)
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Let all the living things live blissfully
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