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Pivot Trading

  • #2,701
  • Sep 16, 2016 10:29am Sep 16, 2016 10:29am
Quoting Telac
Hello Davit, Thanks so much for this highly insightful thread! Been watching and learning on the sidelines. We chatted before by PM regarding my mismatch in chart levels which I've never been able to resolve, however I noticed that they were the same as Arjun-LE1 and he was picking trades off well so I've just gone with it. Regarding UC it looks like we may have reached or are nearing a top however the wildcard that plays heavily on the CAD is oil which has been on a downward spiral. Looks as though it may have reached a support level - lets see....
I think the same, but i prefer wait to buy OIL.
  • #2,702
  • Sep 16, 2016 10:37am Sep 16, 2016 10:37am
Probability @ the EDGE.. R100..
Attached Image (click to enlarge)
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On weekly Chart.. also the price is on the TOP.
Attached Image (click to enlarge)
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Well, better wait and see...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,703
  • Sep 16, 2016 11:48am Sep 16, 2016 11:48am
Quoting andy_l
Probability @ the EDGE.. R100.. {image} On weekly Chart.. also the price is on the TOP. {image} Well, better wait and see...
Do you use stop loss?
  • #2,704
  • Sep 16, 2016 11:53am Sep 16, 2016 11:53am
Quoting Afarensis
{quote} Do you use stop loss?
I do have a Stop Loss.. not a hard SL, but based on the amount of $ you can afford to loose
Most of the the time, a hard SL (30 to 50) will easily hit..
That's what I learned from the TS...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,705
  • Sep 16, 2016 1:23pm Sep 16, 2016 1:23pm
Quoting andy_l
Probability @ the EDGE.. R100.. {image} On weekly Chart.. also the price is on the TOP. {image} Well, better wait and see...
my pivots are different
Attached Image (click to enlarge)
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  • #2,706
  • Sep 16, 2016 1:55pm Sep 16, 2016 1:55pm
CADCHF

I place trade on HTF. But always look for S100 - R100 levels. With pivot points, I can see easily which currency is oversold or overbought.

CADJPY is also today's candidate .... but again let's wait for stock markets to stabilize.

Overall, I am satisfied w/ this strategy. Awesome work Davit.
Attached Image (click to enlarge)
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  • #2,707
  • Edited 4:02pm Sep 16, 2016 3:30pm | Edited 4:02pm
Quoting hammadshahir
CADCHF I place trade on HTF. But always look for S100 - R100 levels. With pivot points, I can see easily which currency is oversold or overbought. CADJPY is also today's candidate .... but again let's wait for stock markets to stabilize. Overall, I am satisfied w/ this strategy. Awesome work Davit. {image}
Good job friend.
Was at work and my GU trades got hammered.Good thing I never enter all my lots at once.Will hold this since I believe Feds won't raise in election months coming up and economy is not so great.Holding rates will push all majors into overdrive corrections. GU 35-36? Yes its probable after Feds.

EDIt I was totally caught off guard why Pound dropped hard and now I found more info Brexit negotiations...missed this.


USD has tremendous influence on Crude. USD gets strong oil gets weak and opposite true.After Feds Crude will go up and UC AU in particular will appreciate.
In trading, you have to be defensive and aggressive at the same time
  • #2,708
  • Sep 16, 2016 3:35pm Sep 16, 2016 3:35pm
Quoting Davit
{quote} Good job friend. Was at work and my GU trades got hammered.Good thing I never enter all my lots at once.Will hold this since I believe Feds won't raise in election months coming up and economy is not so great.Holding rates will push all majors into overdrive corrections. GU 35-36? Yes very probable after Feds. USD has tremendous influence on Crude. USD gets strong oil gets weak and opposite true.After Feds Crude will go up and UC AU in particular will appreciate.
I closed yesterday's USDCAD at break-even today. This currency is touching way too higher bands ... Yes Fed won't increase rate and this might come down on to 1.28sh level. Don't forget to keep an eye on NZDUSD in this whole scenario.
  • #2,709
  • Sep 16, 2016 3:38pm Sep 16, 2016 3:38pm
Quoting hammadshahir
{quote} I closed yesterday's USDCAD at break-even today. This currency is touching way too higher bands ... Yes Fed won't increase rate and this might come down on to 1.28sh level. Don't forget to keep an eye on NZDUSD in this whole scenario.
NZD is over appreciated. AN needs 400pips north next 4weeks. Will not buy NZD but I like your thinking.
green pips
In trading, you have to be defensive and aggressive at the same time
  • #2,710
  • Edited 4:03pm Sep 16, 2016 3:46pm | Edited 4:03pm
Next week EG looks promising provided GU stabilizes.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #2,711
  • Sep 16, 2016 5:18pm Sep 16, 2016 5:18pm
Quoting Davit
Next week EG looks promising provided GU stabilizes. {image}

Perceive GU will yet continue southward, having broken the monthly pivot, to at least 1.29000 and possibly to the 1.27950 before stabilizing ...
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Study and risk taking are the engine & fuel that will propel you to success
  • #2,712
  • Sep 17, 2016 7:57am Sep 17, 2016 7:57am
Quoting Davit
{quote} I don't know your account size you must determine what % you want to risk on each trade Industry average is about 2-3% per trade,Does not matter how you break up the lots what's important you stay close to your determined risk % I risk more because I have more experience.You need to decide that yourself
Hi Davit!

For exemple i have 2k$ on my accaunt.


What I do next?
How to calculate the trading lot?
How to choose where to stop loss how many pips?
  • #2,713
  • Sep 17, 2016 8:11am Sep 17, 2016 8:11am
Quoting jecklom
{quote} Perceive GU will yet continue southward, having broken the monthly pivot, to at least 1.29000 and possibly to the 1.27950 before stabilizing ... {image}
I anticipate some rebound before possible plunge further however should Feds hold rates I don't see how that's possible specially after dramatic drop like this.
regards
In trading, you have to be defensive and aggressive at the same time
  • #2,714
  • Sep 17, 2016 8:15am Sep 17, 2016 8:15am
Quoting maxtill
{quote} Hi Davit! For exemple i have 2k$ on my accaunt. What I do next? How to calculate the trading lot? How to choose where to stop loss how many pips?
I do recommend you demo trade.Sounds like you are total new trader.This is not for new traders.Will not respond further to your posts.Its clear on my 1st post

Disclaimer
If you have less then 2years of experience in Forex I recommend not even trying my system.
This requires understanding of PA and I won't answer mundane questions and if you should ask basic trading 101 questions I will ban you from this thread.
Not responsible for your gains or losses.

You are removed from this thread!
In trading, you have to be defensive and aggressive at the same time
  • #2,715
  • Sep 17, 2016 8:16am Sep 17, 2016 8:16am
Quoting maxtill
{quote} Hi Davit! For exemple i have 2k$ on my accaunt. What I do next? How to calculate the trading lot? How to choose where to stop loss how many pips?
I think Davit will get angry on this basic question

I can help you a bit but you must learn basic techniques to trade forex before even trying this method as outlined in Post # 1.

If you have 2K account, I think you should start trading with 0.10 lot or maximum to be 0.20 lot. However, it depends on various factors such your leverage, trading goal and trading style etc. STOP LOSS, again you should be familiar with PRICE ACTION. Read Post # 1 and watch video in 2nd post.

Generically, SL is last support or resistance.

Check out my $EURAUD .... Although I am quite late into this action, but due to strong PA, I went ahead with this trade.

Check $CADCHF --- Good entry, nice breakout followed by and I'll keep this trade open. Why I want to keep this entry open? Price Action + Fundamental Reasons + H4 and Daily Chart.
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  • #2,716
  • Sep 17, 2016 8:31am Sep 17, 2016 8:31am
This is life drawing class equivalent in trading. Not beginner drawing class when you draw shapes like square and circles.
When you come in life drawing and can't even draw a basic figure you are lost and obviously you jumped a step.I suggest going back to drawing 101
If I stop and explain the basics of drawing then entire class is held back! That's not right for majority of advanced students who are ready to progress further up not held back...by a person who can't read basic instructions from page 1

There are much beautiful examples of life drawing class with life models but its public forum...
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In trading, you have to be defensive and aggressive at the same time
  • #2,717
  • Sep 17, 2016 8:54am Sep 17, 2016 8:54am
one of my paintings done from life
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #2,718
  • Sep 17, 2016 8:57am Sep 17, 2016 8:57am
This won many awards.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #2,719
  • Sep 17, 2016 8:59am Sep 17, 2016 8:59am
collage my wife as model
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #2,720
  • Sep 17, 2016 2:43pm Sep 17, 2016 2:43pm
Quoting Davit
{quote} I anticipate some rebound before possible plunge further however should Feds hold rates I don't see how that's possible specially after dramatic drop like this. regards
I share in your sentiment, Davit! You're right on point.
Study and risk taking are the engine & fuel that will propel you to success
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