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Pivot Trading

  • #3,281
  • Sep 29, 2016 6:12am Sep 29, 2016 6:12am
Quoting chiny-fx
Ive just discovered your thread - so please no copyright or lock down yet
welcome and please read 1st page. Watch the Mark Douglas videos .You will be quizzed
In trading, you have to be defensive and aggressive at the same time
  • #3,282
  • Sep 29, 2016 6:31am Sep 29, 2016 6:31am
Quoting Davit
Just to show you guys how related pivots are to harmonics. Look at this UC Its not accidental that I recommended you guys to read on harmonics {image}
Gm Davit here is also harmonic way.

Quoting Mr. Scott
{quote} Just got home wasn't around. {image}
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,283
  • Sep 29, 2016 7:17am Sep 29, 2016 7:17am
Quoting Mr. Scott
{quote} Gm Davit here is also harmonic way. {quote}
GM buddy
Yes it looks great.Scott you are one of the best harmonic traders here period!
In trading, you have to be defensive and aggressive at the same time
  • #3,284
  • Sep 29, 2016 7:39am Sep 29, 2016 7:39am
Quoting Davit
{quote} Hi M I like your idea like closed all UC trades or all AC trades etc at once or set TP SL's at once. Closing so many trades manually sometimes I lose money because its slow clicking one by one.I am interested. regards
There is an easy fix at least for you and Oanda. I do have their fxTrade app on mobile, you can look it up in Appstore.
As in the attachment, one mini lot AUDCAD is in fact 10 separate micro lot trades. I can close anytime with one click.
I do it quite often. Just playing MT4 charts on PC, when I need to close my phone is always nearby.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-29_12.28.42f.png Size: 91 KB
buying tops / selling bottoms
  • #3,285
  • Sep 29, 2016 7:41am Sep 29, 2016 7:41am
Quoting Davit
Hi tezuka Just curious why you subscribed to this thread then unsubscribed later.You don't see evidence of success? {image}
Hmm strange, I've done the opposite. I'm out of the other threads.
buying tops / selling bottoms
  • #3,286
  • Sep 29, 2016 7:42am Sep 29, 2016 7:42am
Quoting voty
{quote} There is an easy fix at least for you and Oanda. I do have their fxTrade app on mobile, you can look it up in Appstore. As in the attachment, one mini lot AUDCAD is in fact 10 separate micro lot trades. I can close anytime with one click. I do it quite often. Just playing MT4 charts on PC, when I need to close my phone is always nearby. {image}
thanks friend.will look into it
In trading, you have to be defensive and aggressive at the same time
  • #3,287
  • Sep 29, 2016 7:43am Sep 29, 2016 7:43am
Quoting voty
{quote} Hmm strange, I've done the opposite. I'm out of the other threads.
realized the guy has over 100 subscriptions and zero post on any thread.deleted my post.
In trading, you have to be defensive and aggressive at the same time
  • #3,288
  • Sep 29, 2016 8:14am Sep 29, 2016 8:14am
Hi Davit ,


It is good to know about your new job, Wish all the best for new job.

I think most of us have same issue "I am passionate about trading despite of my wife complains".

Thanks for your help and support here.

MK
  • #3,289
  • Sep 29, 2016 8:25am Sep 29, 2016 8:25am
Quoting mkfx
Hi Davit , It is good to know about your new job, Wish all the best for new job. I think most of us have same issue "I am passionate about trading despite of my wife complains". Thanks for your help and support here. MK
thanks friend.I tried many times to explain her what I do but no break.She Just does not understand that there are other ways to make money then having a regular job. lots of people as soon as you tell them you are aspiring trader they tell you "you are delusional"
funny part more people tell me I am delusional harder I try to disprove them.I think once your account gets certain level it becomes lot more easier to make money in forex.Having small account you are in constant fear of losing it which is exactly opposite metal state to have for successful trading.Fear is the worst enemy for the trader.Anyway I told her hang in there for few years more if I am delusional proven that is then I will quit.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #3,290
  • Sep 29, 2016 9:27am Sep 29, 2016 9:27am
I have five trades still running since 23-26th. They all look great.
All opened on daily time-frame, as my time to watch M15 is very limited.
Trying to catch only big fish when starting to swim on daily. If it's on the move already I let it go...

AUDCAD I am in since last week PA on S100, but that wasn't it yet (became pivot this week). Added more around S100 this week, finally broke.
Target around 0.98-0.99, will watch PA and close earlier eventually.

EURGBP also last week started between R78-R100, added one on R61 this week.

NZDJPY long opened at S100. USDJPY long opened around S38 only, but strong support level at 100.

GOLD short around S100 last week (S38 this week), near the target now.

All the trades in profit and risk-free now, thank you Davit!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-09-29 [AUDCAD,Daily] short_since_09-23.png Size: 45 KB
Click to Enlarge Name: 2016-09-29 [EURGBP,Daily] short_since_09-26.png Size: 41 KB
Click to Enlarge Name: 2016-09-29 [NZDJPY,Daily] long_since_09-23.png Size: 43 KB
Click to Enlarge Name: 2016-09-29 [USDJPY,Daily] long_since_09-23.png Size: 41 KB
Click to Enlarge Name: 2016-09-29 [GOLD,Daily] long_since_09-23.png Size: 48 KB
buying tops / selling bottoms
  • #3,291
  • Sep 29, 2016 9:49am Sep 29, 2016 9:49am
Hi. Great thread, with great contributions and students! Well done Davit.

I have this nagging problem, sure it can be cured!! My system keeps losing the line annotations ie; R61etc etc
Is there a known cure?

Obviously the methodology still works, would be more useful by far with them.

Many thanks in advance.

Roy
  • #3,292
  • Edited 10:51am Sep 29, 2016 10:00am | Edited 10:51am
Quoting Davit
{quote} thanks friend.I tried many times to explain her what I do but no break.She Just does not understand that there are other ways to make money then having a regular job. lots of people as soon as you tell them you are aspiring trader they tell you "you are delusional" funny part more people tell me I am delusional harder I try to disprove them.I think once your account gets certain level it becomes lot more easier to make money in forex. cheers
Most of the time, women all afraid that her husband are wasting time and money from trading (forex, stocks, option). They heard from other people that 95% of the traders were losing money doing trading.
One of my friend (immigrant) in OZ also has the same problems with his wife. He lost $20K on stocks...
Luckily, his wife (after several months) could understand the risk of trading [accepted the lost, after loong arguing]. She just hv the opinion that they can spend the money for something useful rather than throw it in the dust bin.

The underline... once we can shows them that we are able to generate the income from trading... (exp buy a diamond ring for her.. ) they don't care anymore about our trading, as long as we can make profit, and their mind will be open wide --> this is the hardest time to convinced the woman...

Jz my thought and experience...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #3,293
  • Sep 29, 2016 10:00am Sep 29, 2016 10:00am
https://www.mql5.com/en/charts/58671...apital-markets

thought down trend starts
  • #3,294
  • Sep 29, 2016 11:21am Sep 29, 2016 11:21am
Quoting Davit
{quote} Hi M I like your idea like closed all UC trades or all AC trades etc at once or set TP SL's at once. Closing so many trades manually sometimes I lose money because its slow clicking one by one.I am interested. regards
Hi Davit, here are the scripts, the Close orders one I found on internet tested here seems to do the job, the other 2 are drag/drop to change TP/SL of currently open orders to dropped positions, all of them must have AutoTrading enabled.

It's the least I can do, your Pivot changed the way I trade and I thanks, thus I use it as possible targets instead of possible entries in my strategy
Cheers
Attached File(s)
File Type: mq4 Close All OPEN Orders Specific pair.mq4   1 KB | 721 downloads
File Type: mq4 DragDrop_modify_stops.mq4   2 KB | 570 downloads
File Type: mq4 DragDrop_modify_tp.mq4   1 KB | 591 downloads
  • #3,295
  • Sep 29, 2016 11:38am Sep 29, 2016 11:38am
Quoting mokuro89
{quote} Hi Davit, here are the scripts, the Close orders one I found on internet tested here seems to do the job, the other 2 are drag/drop to change TP/SL of currently open orders to dropped positions, all of them must have AutoTrading enabled. It's the least I can do, your Pivot changed the way I trade and I thanks, thus I use it as possible targets instead of possible entries in my strategy Cheers {file} {file} {file}
Thanks Mokuro for this, I was thinking if you have any for multiple entry at varied intervals?
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,296
  • Sep 29, 2016 11:39am Sep 29, 2016 11:39am
eur aud 15M
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 51 KB
  • #3,297
  • Sep 29, 2016 11:59am Sep 29, 2016 11:59am
Don't usually trade the CHF/JPY pair but gave it a shot. Got in late.


Attached Image (click to enlarge)
Click to Enlarge Name: CJ.png Size: 48 KB
  • #3,298
  • Sep 29, 2016 1:11pm Sep 29, 2016 1:11pm
This. I like it.
+189 +125

Not sure if I should take profit or wait out the Fed news and maybe catch a last spike down towards WP...

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #3,299
  • Sep 29, 2016 2:14pm Sep 29, 2016 2:14pm
This thread is really great! Thanks for sharing so much guys (especially Davit).

Here's a question, do weekly pivots lose "validity" by the end of the week? Or does this look like a valid bounce
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD__1_29703_▼−0_35__-_CM_Pivots_-_TradingView.png Size: 190 KB
  • #3,300
  • Sep 29, 2016 2:47pm Sep 29, 2016 2:47pm
Closed EA +761pips!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
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