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Pivot Trading

  • #2,301
  • Sep 3, 2016 11:51pm Sep 3, 2016 11:51pm
Ask question. I may learn something new today.
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Let all the living things live blissfully
  • #2,302
  • Sep 4, 2016 1:42am Sep 4, 2016 1:42am
Quoting Arjun-LE1
{quote} dnl, I ve answered your question. Maybe you have missed it. My answer normally to the general members of this thread. Even thos , i didn't address you personally, but the following answer is suffice to.......
Oh ive missed your reply Arjun.. Im sorry.

"I don't trade news, I only trade what PA show me. If it reverse, then, let it be to take my SL."

this was the answer of my main question Arjun.
sometimes i dunno what todo when placing a trade but there will be a red news in the next day. If im already in profit, i can place my stop to BE or +1. But when my trade is DD i wonder what will others traders do? Keep the trade? Expand SL incase the trade wil be whipsawed and then price move along with the trade.
  • #2,303
  • Sep 4, 2016 5:31am Sep 4, 2016 5:31am
Quoting Davit
I keep rereading and rereading "Trading in the Zone" by Mark Douglas Reason is every chapter is simply gold nuggets. He highly influenced how I trade.He made me understand what true probability is and sample size (one needs large sample size to test how successful my system is hence "trying" out short time is futile CHAPTER 7 THE TRADER'S EDGE: THINKING IN PROBABILITIES Exactly what does it mean to think in probabilities, and why is it so essential to one's consistent success as a trader? If you take a moment and analyze the last sentence, you will...
Dear Brother Davit its really such a amzing book ,i read it everyday and every chaptar is an eye opener ,
We are here to learn to be a better trader and also to be a better human as well ,
Because on those books (Brother Davit's pdf lists ) is not help only for trading also help to be practical with real life as well ,
From long time i am following Brother Davit and learning everyday ,Dear Brothre Davit is a real friend , Guardian , actually i cant explain my feeling properly in words

PA is king and the behaviour of traders is important +fundamental recources, all the time i see this ,i am on same short trade @ AN ,
and on h1 chart S78 level has been touched 3+ time and h4 and Weekly chart is showing that price keep struggling between S78 and S100 level area,price may keep up and down in those area for long time or may not ,but the important thing is patience ,learn to hold the logical trade with patience, loss is a part of this FX market ,many many worst sisuation i've face so many time in my life about loss ,but now that dont scare me because i am in control with my loss which i have learn and implement from Dear Brother Davit ,

,.....,,,,.....
"Trading in the Zone" by Mark Douglas is amazing eye opener book , every time i read it it feel like the meditation for the brain anfd for the mind as well .........,,,,,take care Dear Brother Davit ,,,, and take care all the pivoters ,
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  • #2,304
  • Sep 4, 2016 5:43am Sep 4, 2016 5:43am
Quoting dnl
{quote} thanks Davit, so watch bloomberg and reading fundamental magazines is a must for every trader right?
I kindly ask you to stop posting here.Ask you 1st if you persist I will ban you from this thread.
Please pay attention.This thread and the way I trade is not for you.This is advance trading.Think of figure drawing class when everyone is drawing muscles,form skeleton and you are still struggling to draw a square.I can't let this thread drag down by total new traders.
Its on my 1st page.
Try TMS trading made simple or babypips.com you should enroll in free school and graduate.
green journey
In trading, you have to be defensive and aggressive at the same time
  • #2,305
  • Sep 4, 2016 5:54am Sep 4, 2016 5:54am
Quoting mmhasan
{quote} Dear Brother Davit its really such a amzing book ,i read it everyday and every chaptar is an eye opener , We are here to learn to be a better trader and also to be a better human as well , Because on those books (Brother Davit's pdf lists ) is not help only for trading also help to be practical with real life as well , From long time i am following Brother Davit and learning everyday ,Dear Brothre Davit is a real friend , Guardian , actually i cant explain my feeling properly in words PA is king and the behaviour of traders is important...
nice going friend.You got lot of things in right places
In trading, you have to be defensive and aggressive at the same time
  • #2,306
  • Sep 4, 2016 6:22am Sep 4, 2016 6:22am
to rest of the gang here.
I am not looking to get 3k posters here asking most mundane questions.I am actively trying to take guys who have already few years of experience to next level.
Maintaining this thread takes lot of my time from trading and family and when people ask "should I read the News? that just kills the spirit here.Can't have that kind of inaptness here.
thank you
In trading, you have to be defensive and aggressive at the same time
  • #2,307
  • Sep 4, 2016 6:54am Sep 4, 2016 6:54am
from a trader here at FF

"I've studied technical since 2003 and have yet to find anything that works. Think about this for one second. There are a whole lot of books and free technical indicators, platforms and gurus who want to sell you a service. That's where the money is.
I've even tried fundamentals and I've got to say most of the time the info you get is already baked into the cake(efficient market) most likely.
Hate to burst your bubble on Goldman UBS Morgan chase etc but I have watched there trades on the market and they SUCK just as bad as anyone else. They have traders though that haven proven themselves in times past and trade for them. They use fundamentals and technicals.
IMHO I think long term fundamentals only works. When a market is one sided and the fundamentals are there its time to pull the trigger but that's like once in a long ass while. Investing long term is the only evidence I see that works."

lot of them here at FF and in real world.I'll say if you can't make money after 5years then you are doing something deeply wrong but after 10years Trading is not for you!

Let me share something
If you play chess without studying theory of opening, mid game ,ending and play same people who have the same skill level as you you can play 10k games and still not progress.
It takes conscious effort to get better starting from theory and playing with better players.Trading is same you can spend years going in a loop doing the same things that does not work...Either you break that pattern or you continue in that disillusioned reality.
In trading, you have to be defensive and aggressive at the same time
  • #2,308
  • Sep 4, 2016 10:19am Sep 4, 2016 10:19am
Quoting Davit
from a trader here at FF "I've studied technical since 2003 and have yet to find anything that works. Think about this for one second. There are a whole lot of books and free technical indicators, platforms and gurus who want to sell you a service. That's where the money is. I've even tried fundamentals and I've got to say most of the time the info you get is already baked into the cake(efficient market) most likely. Hate to burst your bubble on Goldman UBS Morgan chase etc but I have watched there trades on the market and they SUCK just as bad...

These are the type of people Robert Kiyosaki called THE CYNICS in his book (The Cashflow Quadrant)
" They are dangerous to have around. They often sound intelligent, speak with authority....but are really cowards under their intellectual exterior. Name dropping (JP Morgan etc) helps cover their deep insecurity. But the worst part of the cynic is that they infect the people around them with their deep fear, disguised as intelligence. A cynic finds it easy to discover what is wrong. It is their way of protecting themselves from revealing their lack of knowledge - or lack of courage."
  • #2,309
  • Sep 4, 2016 10:39am Sep 4, 2016 10:39am
Quoting Davit
Pivots are road signs just like driving.Price never goes straight up or down (look up Elliot Wave theory) Pivots places grid over price hence makes trading more successful. No different then in archeology or arts {image} {image}
A sublime truth!
Study and risk taking are the engine & fuel that will propel you to success
  • #2,310
  • Edited 12:39pm Sep 4, 2016 12:22pm | Edited 12:39pm
Quoting Davit
Out of UC shorts +606pips actually its more by the time I closed Nice start for the month Congrats Arjun and rest of pivoters who shorted UC {image}
Pips vs Pipettes - Know the Difference. There are brokers that quote currency pairs beyond the standard 4 and 2 decimal places to 5 and 3 decimal places. They are quoting FRACTIONAL PIPS, also called pipettes. For instance, if GBP/USD moves from 1.51542 to 1.51543, that .00001 USD move higher is ONE PIPETTE. Hence, 10 pipettes = 1 pip.
Study and risk taking are the engine & fuel that will propel you to success
  • #2,311
  • Sep 4, 2016 1:47pm Sep 4, 2016 1:47pm
Quoting jecklom
{quote} Pips vs Pipettes - Know the Difference. There are brokers that quote currency pairs beyond the standard 4 and 2 decimal places to 5 and 3 decimal places. They are quoting FRACTIONAL PIPS, also called pipettes. For instance, if GBP/USD moves from 1.51542 to 1.51543, that .00001 USD move higher is ONE PIPETTE. Hence, 10 pipettes = 1 pip.
Jecklom, Davit is not quoting pipettes as you seem to be suggesting - he has multiple trades in place and he is counting the PIPS for all those trades added up.
  • #2,312
  • Sep 4, 2016 1:49pm Sep 4, 2016 1:49pm
Quoting Nostromo
{quote} Jecklom, Davit is not quoting pipettes as you seem to be suggesting - he has multiple trades in place and he is counting the PIPS for all those trades added up.
In trading, you have to be defensive and aggressive at the same time
  • #2,313
  • Sep 4, 2016 1:51pm Sep 4, 2016 1:51pm
Quoting jecklom
{quote} A sublime truth!
welcome to pivot world
download the template and indicators and trade with us
In trading, you have to be defensive and aggressive at the same time
  • #2,314
  • Sep 4, 2016 1:54pm Sep 4, 2016 1:54pm
Quoting ayoayo
{quote} These are the type of people Robert Kiyosaki called THE CYNICS in his book (The Cashflow Quadrant) " They are dangerous to have around. They often sound intelligent, speak with authority....but are really cowards under their intellectual exterior. Name dropping (JP Morgan etc) helps cover their deep insecurity. But the worst part of the cynic is that they infect the people around them with their deep fear, disguised as intelligence. A cynic finds it easy to discover what is wrong. It is their way of protecting themselves from revealing their...
lot of threads here at FF when similar minds gravitate each other to negative vortex.
majority rules in this case happens to be the guys who don't make money
regards
In trading, you have to be defensive and aggressive at the same time
  • #2,315
  • Sep 4, 2016 1:59pm Sep 4, 2016 1:59pm
I love chess and often I play when I trade.Keeps my brain sharp.
Here is one I proud of winning.Player was 60points higher then my rating
Black me
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In trading, you have to be defensive and aggressive at the same time
  • #2,316
  • Sep 4, 2016 2:19pm Sep 4, 2016 2:19pm
this could move J pairs tonight
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In trading, you have to be defensive and aggressive at the same time
  • #2,317
  • Edited 3:19pm Sep 4, 2016 3:08pm | Edited 3:19pm
Quoting Nostromo
{quote} Jecklom, Davit is not quoting pipettes as you seem to be suggesting - he has multiple trades in place and he is counting the PIPS for all those trades added up.
Study and risk taking are the engine & fuel that will propel you to success
  • #2,318
  • Sep 5, 2016 1:08am Sep 5, 2016 1:08am
Hi. Excellent thread..very logical. Doing me well. Many Thanks. Small prob. this morning. The label numbers, 61, 78 etc are not showing. Any help would be welcome in solving. Thanks in advance.
  • #2,319
  • Sep 5, 2016 1:09am Sep 5, 2016 1:09am
Hello everyone,

I'd like to introduce myself. I'm fairly new to trading, started about 3 months ago, and since then I've worked intensively to reach a minimum level of understanding. When I thought I had finally gotten a grasp of things I suffered two major blows, one with Yellen's recent speech on the interest rate hike which show that fundamentals, or in this case not even fundamentals, just rumours and insinuations, should definitely be taken into consideration when certain people are involved and the last one on last Friday's NFP where after a crash in MT4 that took me 30 mins to fix I saw in my phone's metatrader app my winning position turning into a losing position with a little help from, what I know suspect, the BOJ (i took a nice picture from my screen that shows some very weird spikes after the NFP), that prevented the USD to drop more against the USD after a disappointing NFP result which shows that fundamentals are meaningless when central banks get involved and caused me to seriously consider removing all JPY pairs...

My style of trading has been evolving and until recently I was using a combination of TMAs with S/R, channels and RSI. This was ok but it didn't help me figure out the ideal moment to enter a trade due to repainting from TMAs. After a couple of early entry trades I understood the importance of using the Fibonacci Retraction and Extension Tools combined with S/R lines to try and get a feel for the exhaustion of the price movement at the confluence of these lines.

After this I added the daily pivot lines which helped support my analysis. It was then that I noticed that the market bias was also important (placement of 1st candle in relation to daily pivot point) and how the S1 and R1 were likely to be reached according to the location of the PA related to the daily PP.
Following this I understood that the Weekly Pivot lines were also important, if not more important than the Daily Pivot lines.

This led me to a search about candlesticks and pivot point entry triggers (I actually found a book in Amazon with this title... I have no idea if t's good or not) that brought me to this group and eventhough I haven't finished the whole thread (only found this 2 days ago) I feel that the entire strategy resonates with my own view on trading and with Davit's kind sharing of a working and polished system I most likely saved a lot of time, energy and money.

Anyway, sorry for the long post but I just wanted to introduce myself and my evolution up to this point. I will try to be an active participant on this thread and I hope that together we can all survive and thrive in this market which I'm starting to believe is completely manipulated by a couple of powerful entities and that it's completely fixed against the "small fish" (us).

I leave with a question for Davit, regarding PA. What is your opinion on volume analysis in conjunction with PA? Have you considered using it to better understand the true nature of the action behind PA? I suspect that this is important but I haven't managed to combine it with the rest...

Thanks everyone and congratulations to Davit on an amazing no fluff system, and green pips to all!

Ricardo
  • #2,320
  • Sep 5, 2016 1:14am Sep 5, 2016 1:14am
Quoting highpeak
Hi. Excellent thread..very logical. Doing me well. Many Thanks. Small prob. this morning. The label numbers, 61, 78 etc are not showing. Any help would be welcome in solving. Thanks in advance.
Can you please post the chart.

Try to switch time frame. It may reset the Pivot value to current week.
Let all the living things live blissfully
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