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Pivot Trading

  • #2,541
  • Edited 8:07am Sep 10, 2016 3:34am | Edited 8:07am
Davit I tried to make another version of the formula in your indi, the difference is that these pivot leaving a trail of previous pivot, making it easier for us to compare the previous market price movements and is also compatible for various timeframes. Try this Davit
Attached Image (click to enlarge)
Click to Enlarge Name: DAVID.jpg Size: 106 KB
  • #2,542
  • Sep 10, 2016 3:49am Sep 10, 2016 3:49am
Quoting imdisaait
{quote} Hi Davit It seems to say that price may go higher.....yes by the way why no TDI in this chart? any reason ......if good to know us!! ---- this question is not related to the above matter ok What i see... in this method we mainly focus on when the prices come to 61 to 100 levels then we wait & see TDI good cross & ADR and the PA starting go to WP side to enter trade [so we can enter for HIGH PROBABILITY TRADE]... rather than trying to enter a trade close to WP and wait price to go 78/100 regions [this trade LOW PROBABILITY compared to above...
Hi Imdisaait,

In my own limited opinion (I'm still learning it) what you said seems to be the main strategy:

1. Wait for the price to hit an extreme level which should be a combination of overreached ADR and PA at a key reversal zone: 61~100. Note that if the market is ranging this could also happen at 38 level, where the price could range between S38 and R38. On Davit's suggestion when this is the case we should only enter on one direction according to the key fundamentals of the pair.
2. Check price action for signs of reversal.
3. Check TDI for final confirmation to enter the position.

What I'm still trying to figure out is what to do when the price passes a 100...

According to Davit, when this happens then this move has strong fundamentals behind this. This leads to 2 questions:
1. When the price passes 100 should we then aim at getting into the position according to the trend and go with it or should we just stay out of it and look for other setups?

2. After the price passes 100 and reaches 138, 161 or 200 how should we deal with it? Considering we are in a fundamentally driven trend can we expect it to head back pass the WP line or should we be open to the possibility of a reversal at key point before the WP before moving on to lower lows (in a downtrend) or higher highs (in a uptrend)?

For me this is very important information because I think I understand how it works in a ranging market to a low/average trend market but I'm still lost in a more trending market.

I hope that the senior members can help us understand it better...

Thanks and green pips to all!
  • #2,543
  • Sep 10, 2016 3:59am Sep 10, 2016 3:59am
Quoting Davit
huge jump on UC based on unemployment from 6.9 to 7.0
Yes, this surprised me as well, turned a winning position to a losing position... Does this make any sense at all? I know I'm still a beginner but I feel like the market these days is very sensitive to all sorts of news and we're getting these jumps based on very small things and yet don't react accordingly on bigger things... I think that things will only get "normal" after the US elections...
  • #2,544
  • Sep 10, 2016 4:11am Sep 10, 2016 4:11am
Quoting zerg
Davit I tried to make another version of the formula in your indi, the difference is that these pivot leaving a trail of previous pivot, making it easier for us to compare the previous market price movements and is also compatible for various timeframes. Try this Davit {file} {image}
Thanks Zerg!

This will be key for some backtesting!!!
I could leave you with the following suggestions:
1. Could you add the Pivots up to 200 (138, 161 and 200)
2. If we could change the color of the lines in the same style as Davit it would be great!

Great job anyway!
  • #2,545
  • Edited Sep 11, 2016 4:50am Sep 10, 2016 5:03am | Edited Sep 11, 2016 4:50am
Quoting bakamx
{quote} Thanks Zerg! This will be key for some backtesting!!! I could leave you with the following suggestions: 1. Could you add the Pivots up to 200 (138, 161 and 200) 2. If we could change the color of the lines in the same style as Davit it would be great! Great job anyway!
OK, you got it ...
  • #2,546
  • Sep 10, 2016 6:49am Sep 10, 2016 6:49am
Quoting zerg
{quote} OK, you got it ... {file}
Thanks for your work.Really appreciated.I think Mch1970 also uses same or similar indi with history pivots showing.
I did consider this before and did not apply in my trading because to me clarity is most important.Every week is NEW week with new pivots and new way to tackle price.To me knowing frankly where pivots were last week or entire month before is just cluttering your brain with extra data that may influence your trading now in the present in negative way..
Each his own I will stick with the way I trade which has been extraordinarily profitable and why fix something if its not broken.That goes for TDI alerts etc.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #2,547
  • Sep 10, 2016 6:50am Sep 10, 2016 6:50am
Quoting imdisaait
{quote} Hi Davit It seems to say that price may go higher.....yes by the way why no TDI in this chart? any reason ......if good to know us!! ---- this question is not related to the above matter ok What i see... in this method we mainly focus on when the prices come to 61 to 100 levels then we wait & see TDI good cross & ADR and the PA starting go to WP side to enter trade [so we can enter for HIGH PROBABILITY TRADE]... rather than trying to enter a trade close to WP and wait price to go 78/100 regions [this trade LOW PROBABILITY compared to above...
I regret to inform you but you will no longer be able to post here.This is not for you.Your questions have been redundant and most and all are on my 1st page.
You need more screen time.
I welcome questions that are valid but I can't make you draw a face when you can't even draw an apple.Its not personal Thank you for understanding.
In trading, you have to be defensive and aggressive at the same time
  • #2,548
  • Sep 10, 2016 7:00am Sep 10, 2016 7:00am
Quoting bakamx
{quote} Hi Imdisaait, In my own limited opinion (I'm still learning it) what you said seems to be the main strategy: 1. Wait for the price to hit an extreme level which should be a combination of overreached ADR and PA at a key reversal zone: 61~100. Note that if the market is ranging this could also happen at 38 level, where the price could range between S38 and R38. On Davit's suggestion when this is the case we should only enter on one direction according to the key fundamentals of the pair. 2. Check price action for signs of reversal. 3. Check...
I regret to inform you that you will no longer be able to post here
In trading, you have to be defensive and aggressive at the same time
  • #2,549
  • Sep 10, 2016 7:15am Sep 10, 2016 7:15am
Some of the comments here on my system and trading in general is mind bending.
This is the result of not having been trading enough.The reason I am firm how I like this thread to be because I have been both Art teacher and Chess teacher and know where people are in their development. This is not trading 101 this is advance trading! When a person does not know to take a loss when clearly wrong I cant help.
To guys who are new to this my best advise is ask less and take more.Be silent in a good way observe Price Action.Observe charts posted here by Me Arjun Mch1970 Pipssniper etc and learn what they do.
Don't just fire questions relax allow your brain to assimilate new way of trading and allow space for you to understand.Did you download the PDF's on harmonics and trading psychology?Did you watch any videos on PA? did you practice some trades and wrote down your mistakes and analyze? You need to commit and do work.I usually can detect who does and who just fires questions.
Anyway green pips
In trading, you have to be defensive and aggressive at the same time
  • #2,550
  • Sep 10, 2016 7:25am Sep 10, 2016 7:25am
Quoting S3ntin3l
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. {image}
good start and welcome.Pivots don't change with MTF so I don't understand your comment.If you want to clutter your screen with 5 different mini screens you can do so but I fail to see the logic to it.I rather see clear chart and I can click on 15min and 1hour in seconds switching in between. Negative side of having so many screens open it takes lot of PC power and you might experience freezing of your MT4 when you least want it like before the news.
Anyway green pips
In trading, you have to be defensive and aggressive at the same time
  • #2,551
  • Sep 10, 2016 7:45am Sep 10, 2016 7:45am
Quoting bakamx
{quote} Yes, this surprised me as well, turned a winning position to a losing position... Does this make any sense at all? I know I'm still a beginner but I feel like the market these days is very sensitive to all sorts of news and we're getting these jumps based on very small things and yet don't react accordingly on bigger things... I think that things will only get "normal" after the US elections...
Hi bakamx. Always difficult to base trading decisions on and decipher price movement from news events. In this case CAD employment was up, but unemployment rate ticked higher to 7% and taken with the GDP contraction of 1.6% in Q2 - from a news perspective, certainly seemed to drive UC higher.

From the perspective of price action, pivots and S/R , take a look at the attached chart, which explains some of the logic around how to read PA on UC last week.

Attached Image (click to enlarge)
Click to Enlarge Name: UC training.png Size: 99 KB


If you look at he first part of the week, UC moved lower, away from the weekly pivot and there was a series of lower highs (LH) and lower lows (LL). There was a double bottom between S100 and S138, which provided strong support - after which price moved to higher highs (HH) and higher lows (HL). This is important because price moves in wave cycles and there was a change in this wave cycle through Wednesday and Thursday.

By the close on Thursday, price had recovered to S61 and there was still a missed weekly pivot. Hence it shouldn't be a surprise to see price carry on its upward path, to take out the weekly pivot. Also look at the TDI last week - the yellow dotted Market base line began turning up and stayed that way all week and similarly the TDI cross signals were also on the same upward path.

I traded UC long last week, building positions from S61, S78 and S100. I closed most of my position at the S61 level and left a small residual in play for the CAD news event. As price moved in favour of my trade, I added to my position with the weekly pivot as my target. Had UC reacted to the downside, my small residual position would have been taken out at SL, but my overall trade in UC would have still been profitable.

Weekly pivots are like magnets that price gets attracted to. After a 4 day period of price moving away from the pivot (look how much time it spent between S61 and S100), eventually there was a move back towards it. This is hugely important to understand. Take a look back over the charts of the pairs you trade and see how many times price moves away from the pivot, especially between S/R61 and S/R100, only to be drawn back to it.

Lecture over. Hope that helps.
  • #2,552
  • Sep 10, 2016 1:02pm Sep 10, 2016 1:02pm
Quoting Davit
{quote} 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
Yeah Dear Brother Davit it was another business day ,
actually i really feel very very good in my heart always by looking in the market using your many many years of experienced learning recources,Your system ,your attached PDF's and every single post from You dear Brother Pivot Trading with Tdi is created from your hearts like a sweet home ,where we all the pivoters feel like our safe home ,and now in this thread there are many good traders like Arjun , Mch1970 ,Pipssniper, Mraam ,Fibo38 and many sharing their activity by learning from You ,and i'm also learning everyday

recently i see that here some new people are just using fires question ! but very happy to see that You are removing them to post here
those type of people always try for shortcut ,they are like junk and those type of people will be no longer in anything if they didnt learn from You Dear Brother ,,,

Happy Weekend to You And to your Family Dear Brother ,Dear Friend Davit , take care
  • #2,553
  • Sep 11, 2016 2:32am Sep 11, 2016 2:32am
Quoting zerg
{quote} 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 {file}
Hi Zerg, added some quick code for the 78.6 level as was missing.
Attached File(s)
File Type: mq4 pivots3.1.mq4   15 KB | 435 downloads
  • #2,554
  • Edited 9:49am Sep 11, 2016 4:50am | Edited 9:49am
Quoting S3ntin3l
{quote} Hi Zerg, added some quick code for the 78.6 level as was missing. {file}
Thank you very much, and here is the last update for the indi pivot with customization color lines of S/R, the previous version will be deleted

Regards,
Attached File(s)
File Type: mq4 ZergzHistoDavidPivotColor.mq4   10 KB | 656 downloads
  • #2,555
  • Sep 11, 2016 9:28am Sep 11, 2016 9:28am
Quoting Davit
{quote} good start and welcome.Pivots don't change with MTF so I don't understand your comment.If you want to clutter your screen with 5 different mini screens you can do so but I fail to see the logic to it.I rather see clear chart and I can click on 15min and 1hour in seconds switching in between. Negative side of having so many screens open it takes lot of PC power and you might experience freezing of your MT4 when you least want it like before the news. Anyway green pips
My apologies Davit, I was referring to the TDI indi not the pivot one. IF at the bottom we have a layout of the TDI on say from M15 up to D1 we would be knowing when all time frames have been synchronized. If for example we take EA on these mentioned time frames we would have noticed the attached at the selected point marked with the red vertical line.
Attached Image
  • #2,556
  • Sep 11, 2016 12:55pm Sep 11, 2016 12:55pm
Quoting S3ntin3l
{quote} My apologies Davit, I was referring to the TDI indi not the pivot one. IF at the bottom we have a layout of the TDI on say from M15 up to D1 we would be knowing when all time frames have been synchronized. If for example we take EA on these mentioned time frames we would have noticed the attached at the selected point marked with the red vertical line. {image}
Hi
I think you must understand that TDI is just support roll in fact I can trade without it as well with no loss of confidence.Your thinking is assuming TDI taking a primal roll of decision making process hence I can see why you like the idea of MTF TDI.
You got 6 posts at FF and without any trading track record on my system you are already consumed by desire to "improve" my system.
Let me be blank its not the system needs improving its the trader trading the system.You can add alerts,MTF on TDI Pivot history etc and still fail making money.
What I am teaching here is pure trading with price action at key pivots.What you do with it its your business but if you gonna post trades here please post with my template and indicators as is.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #2,557
  • Sep 11, 2016 1:35pm Sep 11, 2016 1:35pm
Quoting Davit
{quote} Hi I think you must understand that TDI is just support roll in fact I can trade without it as well with no loss of confidence.Your thinking is assuming TDI taking a primal roll of decision making process hence I can see why you like the idea of MTF TDI. You got 6 posts at FF and without any trading track record on my system you are already consumed by desire to "improve" my system. Let me be blank its not the system needs improving its the trader trading the system.You can add alerts,MTF on TDI Pivot history etc and still fail making money....
Afternoon Davit,

Your response to S3ntin31 was very diplomatic, yet your feelings were made clear. I'm sure that S3 is a great guy and his intentions were admirable; however, I want to thank you for maintaining your template in its original form. I have read through your thread twice, read Harmonic Trading, and currently in the process of reading Harmonic Trading Volume 1. I've spent countless hours going over charts that have been posted by successful traders of your methodology, and the light is now becoming brighter at the end of the tunnel. My plan is to start posting live trades next week. The concept of limiting risk with multiple small positions, and taking trades particularly in the positive area (61-100) places the probabilities on my side. I truly am relaxed when I trade now, and if PA moves against my original position, I will simply add additional positions at the appropriate time not to exceed my maximum risk.

Thanks again Davit for sharing your trading knowledge,
TX
  • #2,558
  • Sep 11, 2016 1:48pm Sep 11, 2016 1:48pm
Quoting Tx15
{quote} Afternoon Davit, Your response to S3ntin31 was very diplomatic, yet your feelings were made clear. I'm sure that S3 is a great guy and his intentions were admirable; however, I want to thank you for maintaining your template in its original form. I have read through your thread twice, read Harmonic Trading, and currently in the process of reading Harmonic Trading Volume 1. I've spent countless hours going over charts that have been posted by successful traders of your methodology, and the light is now becoming brighter at the end of the...
You are making great progress and just the fact you went through harmonic trading books tells me you are taking this seriously.Kudos to you.Looking forward next week.
Arjun is perfect example that you can trade my system as is with my template and make great pips.I don't get people who have not even tried trading this method already are in process of improving it....,just baffles me really.
green pips
In trading, you have to be defensive and aggressive at the same time
  • #2,559
  • Sep 11, 2016 9:30pm Sep 11, 2016 9:30pm
Davit, Beautiful call ADUD.. have made some GOOD bucks out of that THKS
  • #2,560
  • Sep 11, 2016 11:00pm Sep 11, 2016 11:00pm
Quoting danc
Davit, Beautiful call ADUD.. have made some GOOD bucks out of that THKS
Hi Danc I am glad it worked out
welcome to post here friend
In trading, you have to be defensive and aggressive at the same time
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