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Pivot Trading

  • #2,221
  • Sep 1, 2016 7:30am Sep 1, 2016 7:30am
Quoting tzin
Thanks Davit for such a good thread. I have previously got to know about TDI with EMA from a thread in Forexfactory called another simple system created by Arjun with nickname loveevery1. I am not sure Arjun-LE1 is the person as loveevery1 or just a follower. Patchiko was also one of the contributor there. Anyway, I appreciate more on Davit's strategy, mayb because after few years struggling in forex. I will keep following this thread and hope to contribute in this thread too.
You welcome TZIN
I find key survival in this business is keeping lots small.This allows relax mind,no panic and focused trading without worrying about every 20pip spike.
Patience.You may not get your result right away but wait. Check out CNTtrader here at FF.Sometimes holds positions for weeks to get the result.
EG for example I predicted going to 84 and it has but being patient is different mindset.
Patience is part of trading psychology.Regards
In trading, you have to be defensive and aggressive at the same time
  • #2,222
  • Sep 1, 2016 8:00am Sep 1, 2016 8:00am
Quoting Arjun-LE1
Adding more position. A price is retracing. {image}
Are you the same Arjun who started a 10EMA-TDI thread about 4-5 years ago and then disappeared? (Love Everyone)?
  • #2,223
  • Sep 1, 2016 8:28am Sep 1, 2016 8:28am
WTI Oil is reaching heavily overstretched levels This bear market is pretty extreme, I'd stay away from CAD pairs for a while until this begins to normalize.

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60 pips profit on WTI shorts in the last hour...
Better to run, than curse the road
  • #2,224
  • Sep 1, 2016 10:01am Sep 1, 2016 10:01am
Quoting Arjun-LE1
This is how i take a trade. ( Im not discussing set up ) Just trade. Took, the first Short USDCAD. Place 48 pips SL. Last Swing high. I will only add more position, if this trade goes positive, and enter on pull back. If, this trade doesn't work out my COST ( that is Stop Loss) will be 48 pips.) I am not holding large DD, but prefer to close my trade once it goes against me.... Consider that as a cost of doing business. P/s - don't follow this trade, as this is my example on how I enter first trade..... {image}
Arjun, I sincerely thank you for your contributions to this thread. Your teaching skills have helped me more than you will ever know. Davit's methodology is challenging to me in comparison to my past beliefs; however, that was in the past and I am totally committed to what I have learned and will continue to learn on this thread. You and Davit make an absolutely unbeatable duo that are unselfish and are willing to share with those who are willing to work hard and perform self-study when recommended. I am currently reading and studying Scott Carney's free Pdf. Trading in the Zone is being shipped from Amazon.

Just wanted to share with you and Davit how much both of you are appreciated,
TX
  • #2,225
  • Sep 1, 2016 10:23am Sep 1, 2016 10:23am
Quoting Arjun-LE1
This is how i take a trade. ( Im not discussing set up ) Just trade. Took, the first Short USDCAD. Place 48 pips SL. Last Swing high. I will only add more position, if this trade goes positive, and enter on pull back. If, this trade doesn't work out my COST ( that is Stop Loss) will be 48 pips.) I am not holding large DD, but prefer to close my trade once it goes against me.... Consider that as a cost of doing business. P/s - don't follow this trade, as this is my example on how I enter first trade..... {image}

We are in positive zone now, look for retrace/pullback, to add position.

Since tomorrow is big news day, we have to look for place to exit. This to avoid any spike to your trade, that may wipe your profit.

Look at R61 and R38 area. R61 is near the half number, whereas R 38 near the round number.

This may not be the best setup, but just an example of what I normally do in trading.
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Let all the living things live blissfully
  • #2,226
  • Sep 1, 2016 1:04pm Sep 1, 2016 1:04pm
Hello all,
I've been following this thread for quite some time. Unlike the other threads on FF, I found this one having a real value.
Yesterday I've unsubscribed from all threads here, except this one. I want to improve my trading not reading the same BS over and over.

First trade using this method on USDJPY. I've opened long @103.35 and 103.20. Target somewhere between 50-61,8 fibo as 30 pips, SL 30 pips also.
The reason is price rejection around R100 and TDI crossed. (If I understood well, it should cross first ?)
In fact I just used it to reload more into existing USDJPY position.
(This is why pipsometer showing already 80 pips, but it's about 0pips for TDI pivot.)

btw. my name is David.
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buying tops / selling bottoms
  • #2,227
  • Sep 1, 2016 2:13pm Sep 1, 2016 2:13pm
Quoting voty
Hello all, I've been following this thread for quite some time. Unlike the other threads on FF, I found this one having a real value. Yesterday I've unsubscribed from all threads here, except this one. I want to improve my trading not reading the same BS over and over. First trade using this method on USDJPY. I've opened long @103.35 and 103.20. Target somewhere between 50-61,8 fibo as 30 pips, SL 30 pips also. The reason is price rejection around R100 and TDI crossed. (If I understood well, it should cross first ?) In fact I just used it to...
Hi David
I highly suggest you use my template when posting trades here (and for yourself)Its got everything one needs to succeed.I can't see your pivots and TL you drew is meaningless.
Its extremely important that we focus on what's important.When people use different charts then ideas presented here gets diluted.You also have volume on your chart.Another meaningless data that has no bearing on price.You can have 1 bank placing 1/2 billion dollar sell and price drop 50pips and volume showing almost nothing or huge spike in volume and price doing nothing.
Empty your head from everything you practiced before and approach this with fresh mind.
Welcome!
In trading, you have to be defensive and aggressive at the same time
  • #2,228
  • Edited 2:46pm Sep 1, 2016 2:27pm | Edited 2:46pm
Here is my August results
My goal is solid 10% a month and everything more is gravy. Hit August +15.5%
Since beginning of the year I have had no red month! and consistently hit above 10%! In fact I have offered privately on numerous accusations to trade other people money or sell signals which both I refused. Anyway I am sure there are others here who made bigger return in August like Pipssniper ,Mch1970 40+% Arjun and others.Yellow is when I took the losses and I am happy with winning %
I do carry reasonable amount of DD and as long as its less then 10% account then its acceptable in my book since most times things take little longer to reach target.Example EG took almost a month to drop to 84 however those shorts did pay!!!So DD by itself is part of trading.If you manage your lots properly one can trade with DD with confidence.
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In trading, you have to be defensive and aggressive at the same time
  • #2,229
  • Sep 1, 2016 2:41pm Sep 1, 2016 2:41pm
Here is a trade I took today NJ
Very extreme level
Sharing the process live. We have extreme level past 100R price stalling and showing exhaustion. TDI turning south.In my book its A+probability trade.
Is it guaranteed? Nope nothing is but I operate taking most edge as possible in my favor.Can't get anymore simple
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In trading, you have to be defensive and aggressive at the same time
  • #2,230
  • Sep 1, 2016 3:18pm Sep 1, 2016 3:18pm
EC coming back to 61R is great short set up
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In trading, you have to be defensive and aggressive at the same time
  • #2,231
  • Sep 1, 2016 3:32pm Sep 1, 2016 3:32pm
Quoting Davit
{quote} Hi David I highly suggest you use my template when posting trades here (and for yourself)Its got everything one needs to succeed.I can't see your pivots and TL you drew is meaningless. Its extremely important that we focus on what's important.When people use different charts then ideas presented here gets diluted.You also have volume on your chart.Another meaningless data that has no bearing on price.You can have 1 bank placing 1/2 billion dollar sell and price drop 50pips and volume showing almost nothing or huge spike in volume and price...
Hello David. Well yes, I tried the template but did not really work, it was just loaded with static text, no indicators.
I've loaded all your indicators into my default template. Some of them seems not working properly. The best one indicator I've ever seen - FFcal, giving cyclic error "download incomplete". Same issues I have in all four different MT4 I'm using for different brokers.
Yes the volume is just there I don't use it. And the pivots are from you, only missing the name labels for some reason.
Next week I will play with it to make it work.
buying tops / selling bottoms
  • #2,232
  • Sep 1, 2016 3:42pm Sep 1, 2016 3:42pm
Quoting voty
{quote} Hello David. Well yes, I tried the template but did not really work, it was just loaded with static text, no indicators. I've loaded all your indicators into my default template. Some of them seems not working properly. The best one indicator I've ever seen - FFcal, giving cyclic error "download incomplete". Same issues I have in all four different MT4 I'm using for different brokers. Yes the volume is just there I don't use it. And the pivots are from you, only missing the name labels for some reason. Next week I will play with...
OMG. I've no idea what what is yesterday. Today all indicators simply works...
buying tops / selling bottoms
  • #2,233
  • Sep 1, 2016 3:50pm Sep 1, 2016 3:50pm
Quoting voty
{quote} OMG. I've no idea what what is yesterday. Today all indicators simply works...
I am glad
In trading, you have to be defensive and aggressive at the same time
  • #2,234
  • Sep 1, 2016 5:35pm Sep 1, 2016 5:35pm
Quoting voty
{quote} Hello David. Well yes, I tried the template but did not really work, it was just loaded with static text, no indicators. I've loaded all your indicators into my default template. Some of them seems not working properly. The best one indicator I've ever seen - FFcal, giving cyclic error "download incomplete". Same issues I have in all four different MT4 I'm using for different brokers. Yes the volume is just there I don't use it. And the pivots are from you, only missing the name labels for some reason. Next week I will play with...

Quoting Davit.....His handle is different than yours David. It ends with "T". Good luck with this trading method Mate. Everyone who uses it and posts here seems to improve their results.
  • #2,235
  • Sep 1, 2016 8:28pm Sep 1, 2016 8:28pm
Quoting Davit
Here is a trade I took today NJ Very extreme level Sharing the process live. We have extreme level past 100R price stalling and showing exhaustion. TDI turning south.In my book its A+probability trade. Is it guaranteed? Nope nothing is but I operate taking most edge as possible in my favor.Can't get anymore simple {image}
Thanks Davit for posting an A+ probability trade. This isn't a pair that I would normally trade, but for learning purposes I will be watching it closely. To me, this is a very educational setting...I can see what you are looking at initially, and follow through as you stack positions and observe price action that will ultimately lead to an exit. As a result of reading Scott Carney, I am beginning to recognize the jargon you use such as positive zones, etc.

Thanks Davit, your a good guy,
Gary
  • #2,236
  • Sep 1, 2016 11:47pm Sep 1, 2016 11:47pm
Awfully quiet today,

My completed trades. Keep it simple guys.

EN (27+ 22+)
- In hindsight 2nd trade - should have place below S, look left. Strong support at this level.
- NZD looks overbought, possibly due to wheeler's comments on interest rates?
- High Yield Currency atm

NC (13+ 49+)
- Price bounced of R78, exit at R61.

Watch PA nice entries waiting.

Cheers
MR

Sidenote - more evidence supporting the decoupling of oil to USD, due to increase of domestic production.
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Silence your Ego & Your Power will Rise
  • #2,237
  • Sep 2, 2016 1:37am Sep 2, 2016 1:37am
Quoting Blackopal
{quote} Quoting Davit.....His handle is different than yours David. It ends with "T". Good luck with this trading method Mate. Everyone who uses it and posts here seems to improve their results.
Ah right oops. Thank you sounds great!
buying tops / selling bottoms
  • #2,238
  • Sep 2, 2016 2:13am Sep 2, 2016 2:13am
Quoting Davit
Here is my August results My goal is solid 10% a month and everything more is gravy. Hit August +15.5% Since beginning of the year I have had no red month! and consistently hit above 10%! In fact I have offered privately on numerous accusations to trade other people money or sell signals which both I refused. Anyway I am sure there are others here who made bigger return in August like Pipssniper ,Mch1970 40+% Arjun and others.Yellow is when I took the losses and I am happy with winning % I do carry reasonable amount of DD and as long as its less...

That Great.

So long DD is less than monhtly return is should be ok

MK
  • #2,239
  • Sep 2, 2016 2:34am Sep 2, 2016 2:34am
Following the first post, same chart using the template. Looks really great so far.
So I believe it is more clear now, I am going long from R100 to R138.
My original target was in the area of the small box (also fibonacci of the huge candle 61,8-50) and all positions would be already closed in profit.
But I've increased to R138 level to follow pivot levels so still in the trade.
I will still watch price action around the zone of the small box and eventually close some positions here.
Already risk free here, I've placed stop above the range (big box) as the range is broken.
I don't want to be in the trade if price return back to the range now, that would be another trade...
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buying tops / selling bottoms
  • #2,240
  • Edited 5:53am Sep 2, 2016 5:21am | Edited 5:53am
I'm not sure if I am using the Pivot correctly here.... with regards to R1 & S1 support and resistance level.
UC & EU - Daily
...and Oil correlation with UC
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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