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Pivot Trading

  • #2,821
  • Sep 20, 2016 11:01am Sep 20, 2016 11:01am
Quoting hammadshahir
{quote} May Granny & company don't hike the rates. Amen
hahaha
  • #2,822
  • Edited 11:52am Sep 20, 2016 11:10am | Edited 11:52am
Quoting Davit
{quote} nice going friend keep it up EG breaks 86 would be nice which I anticipate any moment
I'm IN on EG as well...
Thanks for the easy and profitable system Sir Davit...

Happy green pips folks...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,823
  • Sep 20, 2016 11:36am Sep 20, 2016 11:36am
Good wok Davit !!!!!! Congratulations
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  • #2,824
  • Sep 20, 2016 11:45am Sep 20, 2016 11:45am
Quoting fibo38
Good wok Davit !!!!!! Congratulations {image}

all those standards welldone fibo38
  • #2,825
  • Sep 20, 2016 11:49am Sep 20, 2016 11:49am
Love it. Maybe not the best enties ever but I wasn't able to monitor all afternoon. Locked profit in now as I don't know what the effect of the BoC Gov Speech will be.

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Indentify > Plan > Accept > Execute
  • #2,826
  • Sep 20, 2016 12:10pm Sep 20, 2016 12:10pm
Quoting Davit
{quote} In the end its not about the system but understanding how simple EDGE using right lot size can generate profits over series of trades. This concept is the most honest professional way to trade.Its not easy to grasp. Average trader wins dies on single trade whereas pros trade over sample size.This is the key.I don't get rattles on 1 2 3 15 losses because I know given 100 trades I'll hit 70 winners. Please watch Mark Douglas series on trading.He will open you up to next higher level since I think you already have experience but need fine tuning...
Already watching from the last week, thanks for really nice stuff. I'm in part three now.
But an issue, I have Mark's books since Friday and don't know what to do first now haha.
buying tops / selling bottoms
  • #2,827
  • Sep 20, 2016 12:26pm Sep 20, 2016 12:26pm
Quoting Davit
{quote} WTF party has not even started on EG and you are out? This drops 70pips in 4hrs you gonna R38 8583 should be minimum TP and then we watch PA to see if it breaks and goes to WP or goes back to 61R(should it starts going back you can take your profits then at 38R area)
Couldn't agree more. Think of the trade set up in terms of the zones and their probability of success / failure.
EG rarely fails to make it's weekly pivot. It doesn't always happen in the same week, sometimes it might take a couple of weeks -but there aren't many missed pivots.

So if you take a trade / batch of trades in the R61 region and above, the probability of price reverting somewhere near the pivot is pretty high. So this is where letting your wining / profitable trades run, really comes into play.

This week, the distance between R61 to pivot is 100 pips. That a pretty decent R:R ratio, even if price spikes to R78 and you add further trades to your stack.

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  • #2,828
  • Sep 20, 2016 12:32pm Sep 20, 2016 12:32pm
Quoting wizlon32
Love it. Maybe not the best enties ever but I wasn't able to monitor all afternoon. Locked profit in now as I don't know what the effect of the BoC Gov Speech will be. {image}
Good trading Wizlon .
Your entries are in the R78-100 zone combined with a steep downward cross of the TDI.
This method is not about having sniper accuracy with your entry, it's about building a position using the zones as entry and exit targets.
Keep up the good work.
  • #2,829
  • Sep 20, 2016 1:36pm Sep 20, 2016 1:36pm
Quoting mch1970
{quote} Good trading Wizlon . Your entries are in the R78-100 zone combined with a steep downward cross of the TDI. This method is not about having sniper accuracy with your entry, it's about building a position using the zones as entry and exit targets. Keep up the good work.
Cheers buddy.

I am still trying to work my way through the thread but it's not a quick process. I think maybe it's time to read and interact more at this end.

One thing that I have really noticed from reading the posts is the amount of pips that have been made by those using Davit's system. It's outstanding.

Price action and horizontal S/R is where I started my trading journey, but like most (if not all) newbie traders I got a bit lost along the way. Though I do think that process of getting lost in a million indicators and various systems has helped me to know how I don't want to trade so it wasn't necessarily a bad thing; in fact it was probably a very important part of my learning process.

There are many way's to trade and make profits but this has to be one of the best. I'm very happy to be here.
Indentify > Plan > Accept > Execute
  • #2,830
  • Sep 20, 2016 2:12pm Sep 20, 2016 2:12pm
Quoting Davit
{quote} WTF party has not even started on EG and you are out? This drops 70pips in 4hrs you gonna R38 8583 should be minimum TP and then we watch PA to see if it breaks and goes to WP or goes back to 61R(should it starts going back you can take your profits then at 38R area)
Haha yeah I know. But per my own trading rules I do not leave trades open I can't monitor. I have to stop trading around 11 am everyday due to my schedule. Just so happens price hit a small support on the 15 min tf around the same time I had to stop trading so I pulled my trade. But I hope price gets to your target!
  • #2,831
  • Sep 20, 2016 3:09pm Sep 20, 2016 3:09pm
Quoting piptime
{quote} Haha yeah I know. But per my own trading rules I do not leave trades open I can't monitor. I have to stop trading around 11 am everyday due to my schedule. Just so happens price hit a small support on the 15 min tf around the same time I had to stop trading so I pulled my trade. But I hope price gets to your target!
I am sorry but I am removing you from this thread.
There is proper way to trade and there is your way.I think you will feel lot better your way but without being here since my principles and style of trading clashes with yours.
thanks for your understanding
In trading, you have to be defensive and aggressive at the same time
  • #2,832
  • Edited 3:43pm Sep 20, 2016 3:32pm | Edited 3:43pm
Quoting fibo38
Good wok Davit !!!!!! Congratulations {image}
You dont need to know whats going to happen next to make money. Anything can happen. Every moment is unique, meaning every edge and outcome is truly a unique experience. The trade either works or it doesnt. Mark Douglas

All I did is comply my system's edge.Could of been a loser or a winner but I don't know the future all I know I have the edge of probability on my side at certain zones.
Rest of trading is inquiring mental discipline - patience for good signal.Patience to see the results(letting winners run) getting out when wrong and repeat the process without emotional baggage.If you struggle on any of this you need to work on yourself.
regards

One of the best traders here at FF is CNTrader
What is inspiring that he can wait at times weeks to hit target and his targets are huge! Check him out
http://www.forexfactory.com/showthre...67#post9144567
In trading, you have to be defensive and aggressive at the same time
  • #2,833
  • Sep 20, 2016 3:46pm Sep 20, 2016 3:46pm
EU is at support S38 but very probable it might break lower heading the "zone"
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In trading, you have to be defensive and aggressive at the same time
  • #2,834
  • Sep 20, 2016 3:49pm Sep 20, 2016 3:49pm
Davit, I was wondering if you've ever used standard pivots instead of Fib pivots? And if so, what made you decide to stick with fibs? Do you find that they are more accurate?
Better to run, than curse the road
  • #2,835
  • Sep 20, 2016 3:58pm Sep 20, 2016 3:58pm
Quoting steve2010
Davit, I was wondering if you've ever used standard pivots instead of Fib pivots? And if so, what made you decide to stick with fibs? Do you find that they are more accurate?
Standard pivot Point (P) = (High + Low + Close)/3 Support 1 (S1) = (P x 2) - High Support 2 (S2) = P - (High - Low) Resistance 1 (R1) = (P x 2) - Low Resistance 2 (R2) = P + (High - Low)

Fibonacci Pivot Point (P) = (High + Low + Close)/3 Support 1 (S1) = P - {.382 * (High - Low)} Support 2 (S2) = P - {.618 * (High - Low)} Support 3 (S3) = P - {1 * (High - Low)} Resistance 1 (R1) = P + {.382 * (High - Low)} Resistance 2 (R2) = P + {.618 * (High - Low)} Resistance 3 (R3) = P + {1 * (High - Low)}

As you can tell they are same from base but projections are different.I believe in Fibs and harmonics and traded enough and made enough $$ to stick with fibs.
To me fib pivots are simply dynamic reflecting traders emotions.We basically trade emotion of the crowd and that changes at key zones.
In trading, you have to be defensive and aggressive at the same time
  • #2,836
  • Sep 20, 2016 4:06pm Sep 20, 2016 4:06pm
Quoting Davit
{quote} As you can tell they are same from base but projections are different.I believe in Fibs and harmonics and traded enough and made enough $$ to stick with fibs. To me fib pivots are simply dynamic reflecting traders emotions.We basically trade emotion of the crowd and that changes at key zones.
I hadn't though of it in that way - thanks as always for your insight!
Better to run, than curse the road
  • #2,837
  • Sep 20, 2016 4:11pm Sep 20, 2016 4:11pm
Quoting steve2010
{quote} I hadn't though of it in that way - thanks as always for your insight!
you need convincing? look and I have hundreds of examples
By the way emotional part is based on Elliot Wave theory which harmonics are based and all based on fib ratios.As long as humans are at the other side of the trade more then algos then I have an edge because I know their emotional exhaustion levels.
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In trading, you have to be defensive and aggressive at the same time
  • #2,838
  • Sep 20, 2016 7:56pm Sep 20, 2016 7:56pm
Long GBPAUD 240M Chart

Using Trading Station

EDIT :
Note S2 = S61.

Went long as price bounce off confluence areas, PPA Support area & off from S78 and moving towards S61 (S2)
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Let all the living things live blissfully
  • #2,839
  • Sep 20, 2016 8:10pm Sep 20, 2016 8:10pm
Hey Arjun, it is great to see you back. We have certainly missed you and the professional input that you provide on this thread. It looks like your trading format has changed...do you have a new broker?

Great to have you back buddy,
TX
  • #2,840
  • Sep 20, 2016 8:42pm Sep 20, 2016 8:42pm
Sorry Arjun, just noticed that your using Trade Station. Let us know how you like trading on it.

Later,
TX
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