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Pivot Trading

  • #2,741
  • Sep 19, 2016 6:24am Sep 19, 2016 6:24am
closed all GU longs with minor profits
Need the margin somewhere else.
In trading, you have to be defensive and aggressive at the same time
  • #2,742
  • Sep 19, 2016 6:52am Sep 19, 2016 6:52am
Quoting hammadshahir
250+ Pips and counting. Other positions like EURNZD, EURCAD, CADCHF & AUDUSD ... all doing good. Just be mechanical and here comes profits Thanks Davit for introducing this simple pivot points. {image}
good job
In trading, you have to be defensive and aggressive at the same time
  • #2,743
  • Sep 19, 2016 7:55am Sep 19, 2016 7:55am
Quoting Davit
{quote} good job
I am quite content, instead of scalping for 20 pips a day, I try to catch a CATCH and stick to it.
  • #2,744
  • Sep 19, 2016 9:17am Sep 19, 2016 9:17am
Short on GU 45+
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmH1.png Size: 33 KB


Long on UC 55+
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADmH1.png Size: 37 KB


Short on EU
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmH1.png Size: 33 KB
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,745
  • Sep 19, 2016 10:39am Sep 19, 2016 10:39am
Davit Pivot famz

I've been undercover for while sneaking peaks at the charts between my slave day job but this week i'll be back on the pairs with more focus and sniping

Current positions smiling at me

AU, GJ, NC
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU.jpg Size: 248 KB
Click to Enlarge Name: GJ.jpg Size: 283 KB
Click to Enlarge Name: NZDCHF.jpg Size: 295 KB
  • #2,746
  • Sep 19, 2016 11:05am Sep 19, 2016 11:05am
I'm happy to see you doing well guys as I messed up completely.
I was in both USDCAD, EURCAD for about one week.
USDCAD started too early, was over -1200 pips at one point, but I did not panic and stick to the plan. EURCAD was just a little minus.

Today afternoon I just quick checked. Both positions about +1500 and +1500 pips. But did not have time to monitor any further.
Closed now as "break even" -200 +200. This greed... I really saw my trade of the year is here.
(I guess it will drop like a brick now as I am out.)

Will stay out this week unless I luckily see something really extra. I've near to zero time to look on charts for the whole week.
I'm stronger now and next time will do better.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-09-19 19_27 [USDCAD,H1]_minus_200pips_completely_blew_it.png Size: 44 KB
Click to Enlarge Name: 2016-09-19 20_01 [EURCAD,H1]_200pips.png Size: 38 KB
buying tops / selling bottoms
  • #2,747
  • Sep 19, 2016 11:16am Sep 19, 2016 11:16am
Quoting pipsniper007
Davit Pivot famz I've been undercover for while sneaking peaks at the charts between my slave day job but this week i'll be back on the pairs with more focus and sniping Current positions smiling at me AU, GJ, NC {image} {image} {image}
looking forward to see more of you
green pips
In trading, you have to be defensive and aggressive at the same time
  • #2,748
  • Sep 19, 2016 11:21am Sep 19, 2016 11:21am
Quoting voty
I'm happy to see you doing well guys as I messed up completely. I was in both USDCAD, EURCAD for about one week. USDCAD started too early, was over -1200 pips at one point, but I did not panic and stick to the plan. EURCAD was just a little minus. Today afternoon I just quick checked. Both positions about +1500 and +1500 pips. But did not have time to monitor any further. Closed now as "break even" -200 +200. This greed... I really saw my trade of the year is here. (I guess it will drop like a brick now as I am out.) Will stay out this week unless...
Hi Voty
If you stick with 61-100R/S you will have high probability trades.Mistakes happen learn from it and move on.There is a difference of mistake getting in too early and taking system trades with probabilities on your side.With correct entries with enough sample size you can grow your account 10% or more a month.
Part of trading is waiting right time to strike.No different then big cats stalking and sprinting at right time.Too early you missed the target and waste energy.Trading is hunting in pure sense of the word.
What I share here is winning system that you can build thousands and thousands of dollars without stress or worry.Key is practicing discipline to stay within parameters of this trading system.One reason I discourage new traders trading this because they have no discipline and are trigger happy.It takes time to rain in the urges.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #2,749
  • Sep 19, 2016 11:25am Sep 19, 2016 11:25am
EG can't go any further up...
I am glad I got out of GU with minor profits.Still going down.If this goes low 29 I might start building longs with real juice.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,750
  • Sep 19, 2016 12:48pm Sep 19, 2016 12:48pm
Quoting Davit
{quote} Hi Voty If you stick with 61-100R/S you will have high probability trades.Mistakes happen learn from it and move on.There is a difference of mistake getting in too early and taking system trades with probabilities on your side.With correct entries with enough sample size you can grow your account 10% or more a month. Part of trading is waiting right time to strike.No different then big cats stalking and sprinting at right time.Too early you missed the target and waste energy.Trading is hunting in pure sense of the word. What I share here...
Hello Davit, thanks for good comment.
Yes I know what you mean about waiting. The issue is I'm quite limited in time and can normally look on charts once or twice a day.
I'm used to work with daily/H4 timeframes and it feels a bit slow here. So hard to catch a good entry and this caused the rushing too early.
From now on I will exclusively wait for 61-100 zones / or wait for next time if missed...
buying tops / selling bottoms
  • #2,751
  • Sep 19, 2016 2:18pm Sep 19, 2016 2:18pm
Quoting jecklom
GBPUSD bearish trend continuation... {image}
Hi J
While I appreciate your input please post with my template.I just need to keep this thread consistent.
thanks for understanding.
In trading, you have to be defensive and aggressive at the same time
  • #2,752
  • Sep 19, 2016 6:19pm Sep 19, 2016 6:19pm
AU, H4, Pin @ R38, TP1 @ WP, TP2 @ S38, add positions based on PA & location.
Attached Image (click to enlarge)
Click to Enlarge Name: AU H4.jpg Size: 208 KB
  • #2,753
  • Sep 19, 2016 7:27pm Sep 19, 2016 7:27pm
Quoting Tx15
AU, H4, Pin @ R38, TP1 @ WP, TP2 @ S38, add positions based on PA & location. {image}
its baffling to me why you are selling in such weak location plus market is waiting for Feds and sentiment is Feds will hold the rates which should push AU up not down...
PA has been slightly bullish since open.Bottom yellow box.This still could work so don't let me scare you but I am trying to understand your thought process....
based on everything I have been sharing here this trade is below average quality in terms of probability success.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 30 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,754
  • Sep 19, 2016 8:14pm Sep 19, 2016 8:14pm
Davit, you are absolutely correct. I will continue to study charts on your thread and read. My rationale for taking the trade: viewed it as a pullback when I saw the PB almost touching the R61. Believed the position would go south to at least the WP, which would have been the first level of support.

Thanks for being honest with me,
TX
  • #2,755
  • Sep 19, 2016 8:49pm Sep 19, 2016 8:49pm
Quoting Tx15
Davit, you are absolutely correct. I will continue to study charts on your thread and read. My rationale for taking the trade: viewed it as a pullback when I saw the PB almost touching the R61. Believed the position would go south to at least the WP, which would have been the first level of support. Thanks for being honest with me, TX
To be totally honest nobody knows the future including me.I just like to think in probabilities and ask simple question.
Should you take similar trades like 20 how many of them would be winners.Remember there is no edge in your trade.I would say most likely you will end up losing money.
However if you flip this around and take 20 trades between 61-100R/S you most likely will have 70% winners.That's the Edge.
I like your attitude.Be open and grow.
regards
In trading, you have to be defensive and aggressive at the same time
  • #2,756
  • Sep 19, 2016 9:10pm Sep 19, 2016 9:10pm
Just for info
GN is at 2013 lows..Not a pair I trade but after Thurs NBZ event I may check.Upside has tremendous potential
In trading, you have to be defensive and aggressive at the same time
  • #2,757
  • Sep 19, 2016 10:16pm Sep 19, 2016 10:16pm
Quoting Davit
{quote} To be totally honest nobody knows the future including me.I just like to think in probabilities and ask simple question. Should you take similar trades like 20 how many of them would be winners.Remember there is no edge in your trade.I would say most likely you will end up losing money. However if you flip this around and take 20 trades between 61-100R/S you most likely will have 70% winners.That's the Edge. I like your attitude.Be open and grow. regards
Davit,

I printed your post, and it is directly in front of me on the wall. A person never has to guess what is on your mind, and I respect that aspect of your personality. You kind of remind me of my favorite preacher of years gone by...he preached "fire and brimstone" for the sole purpose of trying to save those that would listen. I listen to you Davit, and when I fail, I only become more determined to work harder towards the goal of becoming successful.

Thank you for teaching us that trading is no more or less than utilizing probabilities as our only edge,
TX
  • #2,758
  • Sep 19, 2016 11:24pm Sep 19, 2016 11:24pm
Quoting Davit
{quote} To be totally honest nobody knows the future including me.I just like to think in probabilities and ask simple question. Should you take similar trades like 20 how many of them would be winners.Remember there is no edge in your trade.I would say most likely you will end up losing money. However if you flip this around and take 20 trades between 61-100R/S you most likely will have 70% winners.That's the Edge. I like your attitude.Be open and grow. regards
I learned something from here...
Thanks for sharing..
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,759
  • Sep 19, 2016 11:35pm Sep 19, 2016 11:35pm
I am little hesitant to open trades today and tomorrow due Fed announcement and closing my earlier positions but NZDCHF and AUDCAD are at R78

All AUD, NZD & CAD are sensitive to stock markets movement as well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD.png Size: 33 KB
Click to Enlarge Name: NZDCHF.png Size: 32 KB
  • #2,760
  • Sep 19, 2016 11:40pm Sep 19, 2016 11:40pm
Quoting Davit
{quote} its baffling to me why you are selling in such weak location plus market is waiting for Feds and sentiment is Feds will hold the rates which should push AU up not down... PA has been slightly bullish since open.Bottom yellow box.This still could work so don't let me scare you but I am trying to understand your thought process.... based on everything I have been sharing here this trade is below average quality in terms of probability success. {image}
Actually I am LONG (small position) AUDUSD from below this level. I also think Fed may not hike rate this September. If they do so, it will be a very bold step.

I don't scalp for 20-30 pips w/ your method. I think I am getting quite there to trade in big lots with 100+ pips on each trade. During this period, my R:R is 1:4.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 34 KB
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