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Pivot Trading

  • #3,401
  • Edited Oct 2, 2016 12:52am Oct 1, 2016 5:26pm | Edited Oct 2, 2016 12:52am
Quoting Davit
I encourage members trading my system to post their Sept results or anything else that changed their trading for good or bad. Its important to get a feedback.I already posted my results so its not about me. Here is one PM I got recently and kind of know he made 25-30% last 3months or could be more not sure.. " Can't tell you what a revelation the last three months have been. Astounded myself and don't worry this is just the start of the process. Will continue to read, listen, learn and develop this method, as it has already proven itself time and...
25% this week. I lost two good trades purely on greed. Whatever method you use, you need to combine it with TDI & Davit's Pivot Points.

Results in my Live Trade Explorer below. Some of statistics are as follow. Need to be more professional and organized.
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  • #3,402
  • Oct 1, 2016 5:50pm Oct 1, 2016 5:50pm
Quoting hammadshahir
{quote} 25% this week. I lost two good trades purely on greed. Whatever method you used, you need to combine it with TDI & Davit's Pivot Points. Results in my Live Trade Explorer below. Some of statistics are as follow. Need to be more professional and organized. {image}
Great job! Give yourself a pad in the back and work out your weak points to push yourself to improve.Its important to acknowledge that there will be losers but there is a loser when you did everything right and trade didn't work out and there are losers that are related to one's personal impulses like you mentioned.As long as you honestly recognize it you are already on a path to solve it.
Its also important to forgive ourselves on mistakes as well..and learn from it.

keep going strong
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In trading, you have to be defensive and aggressive at the same time
  • #3,403
  • Edited 6:20pm Oct 1, 2016 6:04pm | Edited 6:20pm
This is from PDF on clipboard under Davit's Philosophy.Obviously changed the title for copy rights reasons

Chapter 24
FORGIVENESS
One of the biggest problems I see with traders is that they refuse to forgive themselves for
trading mistakes. This causes a much bigger problem than most people realize. You see, when
you make a trading mistake, you need to forgive yourself for making that mistake.
But the thing is many people do not forgive themselves for their mistakes. In fact, they
do quite the opposite. They beat themselves up and continually picture what they did wrong in
vivid detail. This is the very worst thing you can do after making a mistake, trading or otherwise.
Forgiveness is a key concept in Psycho-Cybernetics. As weve just learned about how
our subconscious works, we know that if we continually picture in vivid detail something, it
causes that picture to come true for us. Or it at least makes it much more likely for it to come
true. So it only makes sense that if we make a mistake, we must forget that mistake and forgive
ourselves completely. If, on the other hand, we dont forgive ourselves and relive the mistake in
our minds again and again, what do you think is going to happen?
Its obvious that we will repeat the mistake. This happens because our subconscious does
not care whether we give it good or bad information, it simply sees the clear pictures we give it
and tries to act it out in our lives. Obviously, it can only act this picture out if its within our
capabilities. And I think we all know that making trading mistakes is quite within our
capabilities.
This is the reason it is so important to forgive ourselves when we make a mistake or an
error. If we dont, we are likely to relive the mistake in our minds and then most likely project it
onto our trading. This will cause big problems.
If you think back, Im sure can you think of times where you made mistakes and beat
yourself up for it. Not forgiving yourself, no matter what the mistake, will bring out the worst
emotions. Remorse, regret, self-doubt, and guilt all come with not forgiving ourselves for a past
mistake.
Youve heard it all before. Im sure youve been told to forget a past losing trade and
move on to the next one. Emotions are used correctly and appropriately when it applies to
something in the present time. Since we cannot live in the past, we cant appropriately react
emotionally to the past.
As Dr. Maltz says, The past can be simply written off, closed, forgotten, insofar as our
emotional reactions are concerned. We do not need to take an emotional position one way or the
other regarding detours that might have taken us off course in the past. The important thing is
our present direction and our present goal. We need to recognize our own errors as mistakes.

Otherwise, we could not correct our course and steering or guidance would be impossible. But it
is futile and fatal to hate or condemn ourselves for our mistakes.
One of the biggest reasons people get into losing streaks while trading is because they
confuse their losing trades with themselves. In other words, we conclude that because we had a
losing trade or a series of losing trades, we are a losing trader.
But the important thing to remember here is we are not our losing trades. Losing trades
are part of trading. There isnt a single trader in the world who doesnt have losing trades. The
only way to avoid them is not to trade in the first place. You cannot be a successful trader until
you take mistakes and losing trades for what they really are. They are simply by-products in the
trading game and need to be used to gain learning and understanding. But in no way do they
define us as a person.
But that is where the big problem comes in. Many people let their losing trades and
mistakes define them. If they're having trouble and have had a series of losing trades, they start
to think of themselves as a loser. They continually think of themselves in that way. As we know
from before, this kind of thinking will just bring on more of the same.
Forgiving yourself completely is the only way to avoid this trouble. You are not your
mistakes and losing trades. You must put the past behind you and go forward. Holding a grudge
against yourself only hurts yourself. Forgive yourself, its the only way to be successful.

Above its extremely important paradigm shift how you see trading and how you see mistakes and losers.To me its where one should be ideally or strive to reach.Once you truly grasp probability factor of my system then a loser is just a statistic by product of sample..Its all probability over series of trades and like MD says on my 1st page "You don’t need to know what is going to happen next in order to make money." Its so simple and profound same time.I still get chills reading simple things like this by Mark Douglas
In trading, you have to be defensive and aggressive at the same time
  • #3,404
  • Edited Oct 2, 2016 1:03am Oct 1, 2016 7:32pm | Edited Oct 2, 2016 1:03am
Quoting Davit
I encourage members trading my system to post their Sept results or anything else that changed their trading for good or bad. Its important to get a feedback.I already posted my results so its not about me. Here is one PM I got recently and kind of know he made 25-30% last 3months or could be more not sure.. " Can't tell you what a revelation the last three months have been. Astounded myself and don't worry this is just the start of the process. Will continue to read, listen, learn and develop this method, as it has already proven itself time and...
Sure, Davit. Following is my result for this month. I only have small account so will be different story with 10K account size.
But I am quit positive for following month and month after...

Again I really appreciate my contribution to help me and other traders learn trading in general and this method. As you said, there is time that you need something and that little tick make huge different like butterfly effect. I had came cross couple of times with Harmonic pattern, Trading in the Zone, Trading pairs selection and lot allocation.

Cheers;

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  • #3,405
  • Oct 1, 2016 7:38pm Oct 1, 2016 7:38pm
Quoting inforserve
{quote} Sure, Davit. Following is my result for this month. I only have small account so will be different story with 10K account size. But I am quit positive for following month and month after... Again I really appreciate my contribution to help me learn trading in general and this method. As you said, there is time that you need something and that little tick make huge different like butterfly effect. I had came cross couple of times with Harmonic pattern, Trading in Zone, Trading pairs selection and lot allocation. Cheers; {image}
awesome job.
Its just matter of increasing lot sizes as your account grows.What's important is that you are being consistent and applying the system
keep going strong
In trading, you have to be defensive and aggressive at the same time
  • #3,406
  • Oct 2, 2016 1:39am Oct 2, 2016 1:39am
Quoting Davit
This is from PDF on clipboard under Davit's Philosophy.Obviously changed the title for copy rights reasons Chapter 24 FORGIVENESS One of the biggest problems I see with traders is that they refuse to forgive themselves for trading mistakes. This causes a much bigger problem than most people realize. You see, when you make a trading mistake, you need to forgive yourself for making that mistake. But the thing is many people do not forgive themselves for their mistakes. In fact, they do quite the opposite. They beat themselves up and continually picture...
Thanks Davit,

You're a great influence on my trading decisions. You're also a nice teacher. Whole thing I found is that, behind a successful and unsuccessful trader there comes the psychological barrier. People always ask me what's R:R, Stop Loss, During of trade when you open trades. Honestly, when I believe myself, I don't care about these things. Although, based on your system, I set take profit marks.

No system is successful, when your mind is not strong.
  • #3,407
  • Oct 2, 2016 3:29am Oct 2, 2016 3:29am
Quoting Davit
Closed NU and AU shorts as well Combined over 500pips in multiple positions. Should of left those running {image}
Hi Davit, I like your thread any work with Pivots cant be wrong. ? Is the TDI your using Thomas Demark?
  • #3,408
  • Oct 2, 2016 4:52am Oct 2, 2016 4:52am
Quoting Davit
I encourage members trading my system to post their Sept results or anything else that changed their trading for good or bad. Its important to get a feedback.I already posted my results so its not about me. Here is one PM I got recently and kind of know he made 25-30% last 3months or could be more not sure.. " Can't tell you what a revelation the last three months have been. Astounded myself and don't worry this is just the start of the process. Will continue to read, listen, learn and develop this method, as it has already proven itself time and...
Hello D,

MD is an eye opener, ive read many but this was really good. Randomness, Probability, Fear, Active Technical and Passive Technical traders were well explained.

UP 20% ++ in Sept, took some losses but overall gains.

Cheers
MR
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Silence your Ego & Your Power will Rise
  • #3,409
  • Oct 2, 2016 5:21am Oct 2, 2016 5:21am
Quoting Dennis1468
{quote} Hi Davit, I like your thread any work with Pivots cant be wrong. ? Is the TDI your using Thomas Demark?
Hi Dennis welcome
TDI is just regular.I changed the settings to suit my system and better response then default.Any TDI will work.TDI is RSI+MA important part is in the settings.
regards
In trading, you have to be defensive and aggressive at the same time
  • #3,410
  • Oct 2, 2016 5:23am Oct 2, 2016 5:23am
Quoting mraam
{quote} Hello D, MD is an eye opener, ive read many but this was really good. Randomness, Probability, Fear, Active Technical and Passive Technical traders were well explained. UP 20% ++ in Sept, took some losses but overall gains. Cheers MR {image}
continue on your success to this month.You should be progressively get better.When you do something that works over and over you get better at it.
regards
In trading, you have to be defensive and aggressive at the same time
  • #3,411
  • Oct 2, 2016 5:35am Oct 2, 2016 5:35am
Hi Davit first off a big thank you for sharing this priceless info. Ive been trying to get to grips with it for a week now and it has a very logical basis to it and really makes sense out of nonsense lol. From what I understand that 1st pivot areas/zones are places of interest especially 61 and 78 and when those areas are reached we should look for price action candles/formations that develop in those areas as well as TDI cross that show signs of weakness of current momentum I understand there may be more than that at a basic level but i think this is my understanding so far. I currently trying to get to grips with ABCD patterns to see if they add to any price action i see at key areas to strengthen my justifiaction to enter a trade. I will be looking into how other pairs affect a pair im trading. I also wanted to ask is it ok or am i deviating by using a fibs tool on say 30min chart or hour chart for added confirmation? for example see below.

Many thanks for advice.

PS: this chart is AU 30min.
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  • #3,412
  • Oct 2, 2016 5:51am Oct 2, 2016 5:51am
Quoting littlehelper
Hi Davit first off a big thank you for sharing this priceless info. Ive been trying to get to grips with it for a week now and it has a very logical basis to it and really makes sense out of nonsense lol. From what I understand that 1st pivot areas/zones are places of interest especially 61 and 78 and when those areas are reached we should look for price action candles/formations that develop in those areas as well as TDI cross that show signs of weakness of current momentum I understand there may be more than that at a basic level but i think this...
Hi L welcome
Fibs are fine one tool that I use as well for measuring swings too but its not trade signal.When price goes into a zone 61-100 it basically runs out of fuel and our job is to time it right and hummer price.I find often on the right side with market makers.I know this because often drops happen with fierce momentum.
Its important to realize that my system can be traded both with or against the trend.
Example EU buy is with the trend weekly monthly price making higher lows.Selling is counter trending against HTF however on lower TF Daily h4-15min price can fluctuate 70-200pips corrections or even lower specially that NFP is coming next week which is forecast to be positive.So as you can see I am flexible going with market momentum which is different then most static systems that usually only trend trading.
Anyway watch Mark Douglas videos that would change your mind about lot of things
regards
In trading, you have to be defensive and aggressive at the same time
  • #3,413
  • Oct 2, 2016 6:06am Oct 2, 2016 6:06am
Quoting Davit
{quote} Its important to realize that my system can be traded both with or against the trend. Example EU buy is with the trend weekly monthly price making higher lows.Selling is counter trending against HTF however on lower TF h4-15min price can fluctuate 70-200pips or even lower specially that NFP is coming next week which is forecast to be positive.So as you can see I am flexible going with market momentum which is different then most static systems that usually only trend trading.
Thanks for your quick response Davit. Eye opener . Would you say counter trend trading is ok on lower TF but still observe HTF Major SR Levels with regards to direction of the trend. Apologies if im off the mark trying to build my awareness .
I watched the Mark Douglas vid you put up was very insightful but will further watch his videos later today.
  • #3,414
  • Edited 6:35am Oct 2, 2016 6:10am | Edited 6:35am
I find in general trend trading difficult in terms of funding.Price trends but also goes into corrections(harmonic patters, Elliot Waves)
Challenge is are you willing to experience 15-30% draw down when price goes in corrections that could reverse as well creating new trend against you.
If you decide to put SL's well it can empty your account fast because they are hundreds of spikes and swing corrections that happen in a trend.
Example you decide you are going to buy AU now going with the trend up since May 70 now 7655 and price drops to 74 are you still in it? if Yes drops to 73 Still in it?72? still there? but now you are on edge of margin and panic and take the loss only to see price reverse and go back up without you.
This entire thing could of cost you serious loss that recovering is difficult both money and mental state wise.
So when people ask me about trend trading I usually say you better be funded well or prepare to take many losses.
My system is designed to capitalize what market is doing.My focus is on swings and pivots and care less about trends.I have made shitload of money buying CAD or shorting UC while overall trend is up on weekly.

Look below daily UC notice the swings
weekly up
Now which you rather trade ?
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In trading, you have to be defensive and aggressive at the same time
  • #3,415
  • Oct 2, 2016 6:26am Oct 2, 2016 6:26am
Quoting littlehelper
{quote} Thanks for your quick response Davit. Eye opener . Would you say counter trend trading is ok on lower TF but still observe HTF Major SR Levels with regards to direction of the trend. Apologies if im off the mark trying to build my awareness . I watched the Mark Douglas vid you put up was very insightful but will further watch his videos later today.
Try thinking swings pivot exhaustion levels 61-100.Focus is to make money weakness in price.
from Mark Douglas when he talks about how price moves please pay keen attention difference of passive retail technical trader vs dynamic trader.Th whole thing is brillient
In trading, you have to be defensive and aggressive at the same time
  • #3,416
  • Oct 2, 2016 6:48am Oct 2, 2016 6:48am
Quoting Davit
{quote} Try thinking swings pivot exhaustion levels 61-100.Focus is to make money weakness in price. from Mark Douglas when he talks about how price moves please pay keen attention difference of passive retail technical trader vs dynamic trader.Th whole thing is brillient
Well although its early this will be my first week of putting my understanding so far to test I will post my assumptions and trades throughout the week. I think one of the key things I will focus on as well will be believing in my observation and making pips as well as trying to recognise a losing trade and not hold on which will be a challenge lol I will watch those videos you suggested to better my understanding.Thanks so much for your help and advice and may green pips be forever in your favour
  • #3,417
  • Oct 2, 2016 7:59am Oct 2, 2016 7:59am
Quoting littlehelper
Hi Davit first off a big thank you for sharing this priceless info. Ive been trying to get to grips with it for a week now and it has a very logical basis to it and really makes sense out of nonsense lol. From what I understand that 1st pivot areas/zones are places of interest especially 61 and 78 and when those areas are reached we should look for price action candles/formations that develop in those areas as well as TDI cross that show signs of weakness of current momentum I understand there may be more than that at a basic level but i think this...
These are my fibs, as far as I can tell, they are same as Davit's.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,418
  • Oct 2, 2016 10:33am Oct 2, 2016 10:33am
Possible trade for the coming week.

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D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,419
  • Edited 11:20am Oct 2, 2016 11:07am | Edited 11:20am
Quoting lordgbengs
Possible trade for the coming week. {image}
If you do short AC and NC I advise with smaller lots and have a 1+ month trajectory.Its a good trade but could stall for days and weeks.
96 AC 93NC is doable trajectory.
Fri NFP is coming and it would interesting to see which pair will get hammered hardest AU? NU? or EU GU
If AU NU get the choke anticipate crosses to gain like EA EN GA GN. Technically EA has lot of room for correction north pretty much rest of pairs I mentioned..
AU NU has been holding up quiet well so far and sort of are bloated and ripe for corrections
Its important also to knowledge these are scenarios goes in my head but market could do exactly opposite what I wrote hence going back to Mark Douglas

You don’t need to know what is going to happen next in order to make money.
There is a random distribution between wins and losses for any given set of variables that
define an edge.
An edge is nothing more than an indication of a higher probability of one thing happening over another.

To conclude I am confident that I will make money no matter how market moves.My system morphs into the market.
In trading, you have to be defensive and aggressive at the same time
  • #3,420
  • Oct 2, 2016 11:24am Oct 2, 2016 11:24am
another one

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D labour of a fool wearieth him cos he doesn't know how to enta d city
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