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Pivot Trading

  • #2,521
  • Sep 9, 2016 8:52am Sep 9, 2016 8:52am
Close to TP. Will close here and get some overdue sleep. Good luck to all who are still trading.
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  • #2,522
  • Sep 9, 2016 8:57am Sep 9, 2016 8:57am
Quoting Davit
{quote} I think its lot more simpler ADR maxing out and price reaching 61-100 R/S has high probability outcome trades.Its just probability and that's what I am trading stacking as many odds in my favor as possible Anglator arrows is quick way to see higher TF price action.To give you quick glance what PA is doing without keep clicking and changing charts.Its only a reference not a trading signal by itself. TDI same cross is only reference to confirm PA Number 1 trading signal is PA+key pivots 61-100 RS rest are supporting roles

Thx Davit!
got the points clearly.
So we mainly focused on DAILY ADR & WEEKLY PIVOT! & GOOD TDI CROSS
gives us HIGHEST PROBABILITY.....
need to use some other facts/points for further confirmations...!!!

Great things and SIMPLE ALERTS!

Both EU & UCHF greatly run..... UCHF is now @+75pips [ I set UCHF to exit @0.9798],
if I stayed longer in EU by now another +75pips.

Thanks for COOL PIPS Davits!
  • #2,523
  • Sep 9, 2016 9:02am Sep 9, 2016 9:02am
Making some nice pips on GBP-USD! Thanks Davit and the rest of the pivoteers!

However, I am taking a beating on USD-CAD... Davit can you give me some ideas on how to deal with these types of situations (I dropped an image on my previous post #2500).

Thanks everyone and green pips to all!
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  • #2,524
  • Sep 9, 2016 9:09am Sep 9, 2016 9:09am
Quoting mch1970
{quote} Once again spot on Davit. Entered a small AU short yesterday at the R100 level. Price then popped up to R138 where added to short and then watched it fall hard to R61. Total +830 pips. Have a small residual AU position to see if price can make it's way down towards weekly pivot. {image} Follow up to my ACHF short. Initially entered at R100 - taking +200 pips down to R61. Price then moved back up to R100 again, so reloaded shorts all the way down to the weekly pivot for another +225 pips. {image} {image}
Target achieved +300 pips on this batch of trades. +1130 on AU this week.

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Using pivots, S/R levels and Price action, has allowed me to trade and build positions from R138 down to the weekly pivot. Incredible

This is simply the most productive way to trade, that I have ever encountered. Much appreciation to Davit for sharing this hugely effective trading methodology.
  • #2,525
  • Sep 9, 2016 9:18am Sep 9, 2016 9:18am
Quoting mch1970
Don't usually trade UC on the long side, however felt this was a good opportunity, especially given price moved away from pivot so quickly in the first part of the week. Exited this morning for +400 pips. Have left a small residual position, as have CAD employment data this afternoon. Have set profit target in the gap between current high of week and the weekly pivot - so will see how this trade unfolds later today. {image}
Another target achieved for +200 pips. Even though CAD employment increased, the Unemployment rate ticked up 0.1% to 7% causing a spike in UC.

Had positioned for a move towards the weekly pivot and was duly reached. Loving this method.

Done for the week now and account growth of +22% this month already. I would echo Davit's comments that it only takes a few well executed trades, with positions built in small increments to allow a monthly target of 10% to be achieved.
  • #2,526
  • Sep 9, 2016 9:28am Sep 9, 2016 9:28am
EA short
R38, strong resistance, TL, PA, div, shark pattern
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  • #2,527
  • Sep 9, 2016 9:44am Sep 9, 2016 9:44am
Quoting Davit
closed NU +210pips Price is having difficulty breaking 38R at 7355 {image}
Wow ,amazing Dear brother Davit
i am on NC short ,price has just bounce from the pivot level ,will be hold NC short for long term and there are more short to reload from Key Resistance, R78 R100 area ,


and @ AU price has just break the pivot area and struggling to break and if price break the pivot area AU may go down to key Support area, S78 S100 , (blue box)

and @ AN price is again creating oppurtunity to reload AN longs for long term, price is going down to key Support area (blue box)
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  • #2,528
  • Sep 9, 2016 2:06pm Sep 9, 2016 2:06pm
Quoting mch1970
{quote} Another target achieved for +200 pips. Even though CAD employment increased, the Unemployment rate ticked up 0.1% to 7% causing a spike in UC. Had positioned for a move towards the weekly pivot and was duly reached. Loving this method. Done for the week now and account growth of +22% this month already. I would echo Davit's comments that it only takes a few well executed trades, with positions built in small increments to allow a monthly target of 10% to be achieved.
outstanding job Mch1970 and great return in only 1 week of trading! 22% take that and show it to Goldman sucks guys
In trading, you have to be defensive and aggressive at the same time
  • #2,529
  • Sep 9, 2016 2:08pm Sep 9, 2016 2:08pm
Quoting bakamx
Making some nice pips on GBP-USD! Thanks Davit and the rest of the pivoteers! However, I am taking a beating on USD-CAD... Davit can you give me some ideas on how to deal with these types of situations (I dropped an image on my previous post #2500). Thanks everyone and green pips to all! {image}
no offense but please clean your chart.I can't make you a better trader if you hang on to your past habits.
regards
UC hit WP either will continue up next week to 38R and 61R or turn around heading south.Much depends how market perceives USD and Oil crude prices.
If I have to guess this bull move is not finished yet and could test both pivots I mentioned.
My criticism is why were you selling and not buying? clearly PA went bullish after the news and PA was USD bullish since yesterday.
Naturally you want to trade with the sentiment unless PA is clearly hitting key pivots 61-100.
Anyway trade and learn from your mistakes.Mistakes are tools for us to get better if we actually analyze it objectively.
green pips
In trading, you have to be defensive and aggressive at the same time
  • #2,530
  • Sep 9, 2016 2:20pm Sep 9, 2016 2:20pm
Quoting makron
EA short R38, strong resistance, TL, PA, div, shark pattern {image}
good catch agree its nice set up.Joining you
your pivots are offf too much

try this
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 candle/finish candle as follows:
'Choose H1 start candle': 2016 06 19 05:00
'Choose H1 finish candle': 2016 06 24 05:00
(5.00 a.m. may not work on your chart so try different hours till pivots line up).
Fiddle with the hour on your 'Choose H1 start candle/finish' settings to get it to line up with Davits U/C chart pivots. 5 a.m. was the hour that worked on my chart. When you find the corresponding hour, set the start candle and finish candle to the exact same hour.
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In trading, you have to be defensive and aggressive at the same time
  • #2,531
  • Sep 9, 2016 2:30pm Sep 9, 2016 2:30pm
Quoting mmhasan
{quote} Wow ,amazing Dear brother Davit i am on NC short ,price has just bounce from the pivot level ,will be hold NC short for long term and there are more short to reload from Key Resistance, R78 R100 area , and @ AU price has just break the pivot area and struggling to break and if price break the pivot area AU may go down to key Support area, S78 S100 , (blue box) and @ AN price is again creating oppurtunity to reload AN longs for long term, price is going down to key Support area (blue box) {image} {image} {image} {image}...
thanks MM and it was not really amazing.Just another business day.Like your analyses and we will see how things unfold next week
green pips
In trading, you have to be defensive and aggressive at the same time
  • #2,532
  • Sep 9, 2016 2:35pm Sep 9, 2016 2:35pm
Quoting thirdpillar
{quote} this allows the trader to be looking for a profitable exit when the trend based system has only just given an entry signal. perfect example {image} +177 pips thanks for sharing these golden insights
Nice job! +177pips!
In trading, you have to be defensive and aggressive at the same time
  • #2,533
  • Sep 9, 2016 2:47pm Sep 9, 2016 2:47pm
I am continuously get amazed about this pivot indi.The accuracy is almost magic
And we have guys here at FF keep arguing about Fibonacci numbers influence....really these guys have no experience.I watch these pivots every day and still get awestruck
Clearly pivots are there beginning of the week and don't change so we don't have the "repainting" or lines appearing after the price gets there.No its there before even price gets there.
That's what's so great.
Look GU exact bounce on WP then look at 61S exact SR 3 bounces then price shoots up
and if you think these pivots are just random you are clearly wrong.All I know and Arjun and Mch1970 know that we are making money!That's what counts!
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In trading, you have to be defensive and aggressive at the same time
  • #2,534
  • Sep 9, 2016 3:14pm Sep 9, 2016 3:14pm
yea there is no better indicator than the pivot and our brain it self. The only one indicator that did not repaint is the pivot. The market maker can not do much in their own game coz in some of these critical pivot levels they have reach the maximum tolerance of their risk. You are absolutely genius Davit
  • #2,535
  • Sep 9, 2016 3:43pm Sep 9, 2016 3:43pm
Wanted to share my experience of using your system Davit on DAX30. I trade on H4 and was tempted to close once it hit the the pivot and S38. Yet as it can be noticed the separation in the TDI is quite substantial (shown by the arrow) that I decided to keep it going, expecting a gap down on Monday.

PA confirmed it with 3 crows on both H1 and H4. Pity there is not a MTF version of this indi as it would help a lot to watch across multiple time frames.

Thanks again for this thread.
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  • #2,536
  • Sep 9, 2016 4:09pm Sep 9, 2016 4:09pm
I may have to rethink my entries on EA price is way too bullish gladly entered only 20% of my lot size.I may close this next week as loss.
MM were really pushing the Euro crosses up today.
EA was in a range but in summer months and my concern is with big boys in action now this range can bust open.The huge space above what concerns me

Great trading everyone and I warmly welcome the new pivoteers
Lets pile those pips next week
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In trading, you have to be defensive and aggressive at the same time
  • #2,537
  • Sep 9, 2016 4:50pm Sep 9, 2016 4:50pm
Quoting Davit
I may have to rethink my entries on EA price is way too bullish gladly entered only 20% of my lot size.I may close this next week as loss. MM were really pushing the Euro crosses up today. EA was in a range but in summer months and my concern is with big boys in action now this range can bust open.The huge space above what concerns me Great trading everyone and I warmly welcome the new pivoteers Lets pile those pips next week {image}
I fully agree. Before short, we must look at daily. Inverted H&S appeared and neckline almost broken now
  • #2,538
  • Edited 9:19pm Sep 9, 2016 5:14pm | Edited 9:19pm
Quoting Davit
{quote} try this {file}
Hey Davit seemed your code deinit int () ObjectDelete on your indi does not work properly when this indicator removed from chart. I tried to fix it by adding some code in your indi. Here is it
Attached File(s)
File Type: mq4 Pivot 3.mq4   15 KB | 438 downloads
  • #2,539
  • Edited 4:13pm Sep 10, 2016 1:49am | Edited 4:13pm
I understand and I voluntary removed my text which was initially I typed in this post.....
as it seem not appropriate.....
I understand and agreed, that it is always better to have strict rules and discipline in order to maintain the spirit of this great way of trading and keep this tread productively and actively to the important point
Great Work and Method of Davit and I Appreciate it
I have no negative feeling on anybody but I am sure I will follow this tread silently in future
Thanks Davit, mch1970 and Arjun and all others
Good Luck to ALL!
Bye - imdi
  • #2,540
  • Sep 10, 2016 3:19am Sep 10, 2016 3:19am
Quoting Davit
{quote} welcome! Easy part is relative to experience,I had guys earlier on my thread Chiko catalin_eros toksy lukyman guitar cchersia(specially this guy) and many others either could not make pips or not ready to trade for real no longer post and frankly I careless only 10% in anything tries hard. lets see how long you will last To be honest this works for people Like Arjun,Mch1970,Mraam Fibo38 pipsniper007 mmhasan and more because they are ready for this material. And I understand vast majority here will chase another system within a month.That's...
Everyone has to learn to dance first, before they can become a professional.

Davit, U have laid down some great foundations - the mindset is one of the most vital.

For those who just don't get it, well they just aren't ready yet, or haven't reached that level of enlightenment to open their minds to embrace what you are saying, but maybe one day it will hit them like a bolt of lightning.

If it never does, that's okay too, cuz they will survive on their own.
Let all the living things live blissfully
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