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Pivot Trading

  • #2,461
  • Sep 8, 2016 3:48am Sep 8, 2016 3:48am
Quoting Arjun-LE1
{quote} I am not a smart traders. It's Davit's Trading Strategy that works. Credit due to Davit. Look at the set up around Pivot Point, and enter accordingly. Simple as that.
You are too humble man.You make it look very easy.Credit is due to you as well
keep inspiring!
In trading, you have to be defensive and aggressive at the same time
  • #2,462
  • Sep 8, 2016 3:51am Sep 8, 2016 3:51am
Typical Set up for New York.

Just wait for the PA to come to you, then enter trade.
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #2,463
  • Sep 8, 2016 4:01am Sep 8, 2016 4:01am
so many lurkerswow
free candy
In trading, you have to be defensive and aggressive at the same time
  • #2,464
  • Sep 8, 2016 4:06am Sep 8, 2016 4:06am
Pivot Indi is a really good tool!

NZDCHF on the 4hr is one to watch for contrarian traders. Maybe topping out......
  • #2,465
  • Sep 8, 2016 4:07am Sep 8, 2016 4:07am
Didn't take (have way too many trades running now like 60+) but illustrates the beauty of pivots 78S to T
Notice TDI cross as well
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #2,466
  • Sep 8, 2016 5:01am Sep 8, 2016 5:01am
Quoting Davit
Didn't take (have way too many trades running now like 60+) but illustrates the beauty of pivots 78S to T Notice TDI cross as well {image}
Spot on - took the trade, but fat fingers with my take profit target, meant I'd input 1.4450 instead of 1.4550 . Doh!

At least some green pips...but as you mention, the trade idea (reversal at R78 to weekly pivot) worked again - which is the main thing.

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  • #2,467
  • Sep 8, 2016 5:05am Sep 8, 2016 5:05am
Quoting Thass
{quote} What do you mean by "moody" ? It should be nothing changed from the original one. Just having object deletion code to delete the existing objects created by indicator that cause un-refreshing issue.
The indicator that you provided is the same as the one I had before (unless you kept the same name...). Anyway my experience so far is that this indicator seems to initiate slower than other indicators for some reason that I don't know. Like Davit said, it could be and MT4 related issue, but what matters is that it is working now.

Thanks for the help!
  • #2,468
  • Edited 5:39am Sep 8, 2016 5:18am | Edited 5:39am
Closed my EN long for +46.70

Now in a AJ short with a tight stop because I don't really have experience trading H&S.
What do you guys make of this?

Attached Image (click to enlarge)
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@Davit — nice BEOB on AU H1!


EDIT: yup, that didn't work out. Will stick to the rules.
  • #2,469
  • Sep 8, 2016 5:35am Sep 8, 2016 5:35am
What a GREAT thred.. Great infomation..Great clear instructions..Thks
  • #2,470
  • Sep 8, 2016 6:32am Sep 8, 2016 6:32am
Quoting danc
What a GREAT thred.. Great infomation..Great clear instructions..Thks
welcome and participate.What we need in this thread more experienced traders.For beginners please look elsewhere I won't baby seat you.
regards

EG is on my watch list.I am sure Arjun is milking this ATM
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In trading, you have to be defensive and aggressive at the same time
  • #2,471
  • Sep 8, 2016 6:37am Sep 8, 2016 6:37am
Quoting ThirdConfig
Closed my EN long for +46.70 Now in a AJ short with a tight stop because I don't really have experience trading H&S. What do you guys make of this? {image} @Davit — nice BEOB on AU H1! EDIT: yup, that didn't work out. Will stick to the rules.
One of the concept of this thread is dismissing lot of baggage lot of traders were using unsuccessfully
Moving averages.trend lines,typical formations like flags etc.What we do focus on pivots and price action.You will get better as trader.Look at Arjun he is like machine gun nailing those trades one after another and never heard him talk about MA's,TL, etc. Stick to system and execute
In trading, you have to be defensive and aggressive at the same time
  • #2,472
  • Sep 8, 2016 6:37am Sep 8, 2016 6:37am
Quoting Davit
{quote} Hold the NC.I know I am.This has 400pips south potential and it is running out of steam.Fundamentals are very different then in 90's and NZD just does not have what it takes to continue appreciating.Actually guys who have no DD on AN longs 0300 or NC shorts 96 have fantastic positions.Like Ideal.If you have no DD on AN load it up its opertunity not often presented. AN has beautiful butterfly very strong pattern on daily I find this version real good.Shows lot of patterns but most important are gartleys As many have already realized the benefit...
Thanks Davit, yes I also expect about 400-800 potential drop and will hold my NC shorts. I am also fixing trades in DD not in pips and trying to catch the big moves as my time is very limited with full-time job.
I use small lots and managing my position if it doesn't go well. The issue is I already saw NC turning south last week and loaded more and more units. It is nine now and that's too many when going against me. Normally I only risk maximum 1-3% pet trade. But DD yesterday was 5% and SL hit would be 20% loss (this was less than 150 pips away).
I am no more able to manage and add more into the position in these conditions, so just sitting and watching...
And you also named it 61-100 would be ideal. But I was playing with fire and started at the 38 zone last week (became pivot this week) and again 38 this week.
It seems finally broken from H1 range after the peak, normally I would add more now. But so deeply involved already, I cannot...
Anyways, good experience no matter which way will the trade close.
Attached Image (click to enlarge)
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buying tops / selling bottoms
  • #2,473
  • Sep 8, 2016 6:40am Sep 8, 2016 6:40am
hello guys,

i try to trade only pivots and tdi from this week ...do not find plenty of trades as more experiences trades...but i will insist for long period..anyway here is my today trade...target the blue zone
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  • #2,474
  • Sep 8, 2016 7:12am Sep 8, 2016 7:12am
EU 3 bearish bars failed. Waiting for short move from R100+TL
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  • #2,475
  • Sep 8, 2016 8:51am Sep 8, 2016 8:51am
Quoting Arjun-LE1
Typical Set up for New York. Just wait for the PA to come to you, then enter trade. {image}
4 Hour ago . I saw this set up. Look at previous posting -linked

Waiting for the PA to bounce off support. Every time it bounce, it got higher than the previous low. PA is trying to break the resistance.

Both bounces happened at S78 and S61.

Easy set up. Free pips. Stay green. Stress Free.
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #2,476
  • Sep 8, 2016 9:17am Sep 8, 2016 9:17am
Attached Image (click to enlarge)
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  • #2,477
  • Sep 8, 2016 9:31am Sep 8, 2016 9:31am
Quoting Arjun-LE1
{quote} 4 Hour ago . I saw this set up. Look at previous posting -linked Waiting for the PA to bounce off support. Every time it bounce, it got higher than the previous low. PA is trying to break the resistance. Both bounces happened at S78 and S61. Easy set up. Free pips. Stay green. Stress Free. {image}
Easy day today. From S78 to S61 and S38.

Mid night in Malaysia.

Last trade with easy 300+ pips.

Thanks Davit, for this wonderful method.

God blessed you.
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #2,478
  • Sep 8, 2016 10:16am Sep 8, 2016 10:16am
Quoting Arjun-LE1
{quote} Easy day today. From S78 to S61 and S38. Mid night in Malaysia. Last trade with easy 300+ pips. Thanks Davit, for this wonderful method. God blessed you. {image}
Another great trade Arjun. Just curious, why you decided to exit at S38 as PA was headed to the WP? 300 pips is certainly sufficient, and I'm sure you have been up for several hours and are tired.

Thank you for always sharing,
TX
  • #2,479
  • Sep 8, 2016 10:20am Sep 8, 2016 10:20am
Thanks for this thread. One of a handful I will be subscribed to.

Davit wish to ask regards your point of "S/R 100 being smashed". Here I am assuming that you are implying that PA is indicating that the trend will keep going on, so do you suggest to enter at R/S 100 and/or keep any previous trades running?

thank you so much for sharing the info
  • #2,480
  • Sep 8, 2016 10:57am Sep 8, 2016 10:57am
Quoting fibo38
{image}
Oh my, so this is what Davit meant. I was busy working and did not look on AU chart.
Really excellent entry, congratz.
buying tops / selling bottoms
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