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Pivot Trading

  • #3,861
  • Oct 10, 2016 11:39am Oct 10, 2016 11:39am
UJ getting close to previous swing 91ADR basically its running out of gas
watch list
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In trading, you have to be defensive and aggressive at the same time
  • #3,862
  • Oct 10, 2016 11:53am Oct 10, 2016 11:53am
Quoting Davit
{quote} pivot indicator adjusts automatically to every pair once you change the start end candles.Its not tedious at all.You save as template and load that on every pair you want to trade.Where is the tedious part? you have not even started trading already see this as tedious.not giving me the confidence for you being here.
there was no mention on the first post or anywhere else that the end user of this pivot indicator will have to manually re-adjust it every week, nor any mention that they are to use the previous weeks dates in the start end candles setting. the response is always 'change the start and end candle times until it looks like my chart'.

when an indi is left unexplained, the confusion that results often ends in 'no spoon feeding/you can't cut it'. i have no problem with that since i see it so often, but an update to the first post would at least save the many visitors from using totally wrong pivot lines
  • #3,863
  • Edited 12:09pm Oct 10, 2016 11:58am | Edited 12:09pm
Quoting grrbear
{quote} there was no mention on the first post or anywhere else that the end user of this pivot indicator will have to manually re-adjust it every week, nor any mention that they are to use the previous weeks dates in the start end candles setting. the response is always 'change the start and end candle times until it looks like my chart'. when an indi is left unexplained, the confusion that results often ends in 'no spoon feeding/you can't cut it'. i have no problem with that since i see it so often, but an update to the first post would at least...
pivot is based on broker time start and that varies from broker to broker.I will update the 1st post.I apologize for confusion.
1st post is updated.
In trading, you have to be defensive and aggressive at the same time
  • #3,864
  • Oct 10, 2016 12:20pm Oct 10, 2016 12:20pm
Quoting Davit
{quote} WP at 0940 is good TP target but PA is king.
Agree with Davit on the WP at 0940.
You could also check your charts for the missed WP last week at 0885 and set a staggered exit - a batch at 0940 and the remaining batch at 8885. Generally with ranging pairs like ECHF, missed pivots don't stay missed for that long. ECHF has been in a circa 300 pip range since June, so probable that price will re-test the missed pivot at some point.
  • #3,865
  • Oct 10, 2016 12:53pm Oct 10, 2016 12:53pm
Nice trading guys, short ANZD and ENZD too off the daily chart,I will post charts when I get home.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,866
  • Oct 10, 2016 1:02pm Oct 10, 2016 1:02pm
Quoting lordgbengs
Nice trading guys, short ANZD and ENZD too off the daily chart,I will post charts when I get home.
AN looks good its in the zone.Going to stay on sidelines for now
regards
In trading, you have to be defensive and aggressive at the same time
  • #3,867
  • Oct 10, 2016 1:11pm Oct 10, 2016 1:11pm
SHORT USDJPY

Davit may say it's early. But I'll load it up again if it spikes up.
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  • #3,868
  • Oct 10, 2016 2:13pm Oct 10, 2016 2:13pm
Quoting Davit
So today I started steps I take for set ups for demonstration purpose how this system should be traded 1st I posted possible set up on E/CHF post 3814 2nd waited for weakness post 3816 3rd took the trade post 3845 currently up 25pips on 4 positions strongest zone is between 61-100 pivots highest probability trades.38...
excellent explanation Davit. Thank you.

UJ is turning now, but not touched R38.
  • #3,869
  • Oct 10, 2016 2:20pm Oct 10, 2016 2:20pm
Just woke up to a beautiful morning here in Nz 1 trade last night UJ and a limit order not triggered at 103.820. Nice to be on the way up after friday Hope you all have a great week stay positive
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  • #3,870
  • Oct 10, 2016 2:58pm Oct 10, 2016 2:58pm
Quoting lordgbengs
Nice trading guys, short ANZD and ENZD too off the daily chart,I will post charts when I get home.
Trades;

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D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #3,871
  • Oct 10, 2016 3:10pm Oct 10, 2016 3:10pm
Hi The part of the system that I am unsure of is when to place the multiple trades on. At present I wait for a retrace towards the pivot line where the trade was placed is this correct. Any help would be appreciated Thanks
  • #3,872
  • Oct 10, 2016 3:35pm Oct 10, 2016 3:35pm
closed my E/CHF shorts +63pips
Total today +1177 pips
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In trading, you have to be defensive and aggressive at the same time
  • #3,873
  • Edited 4:02pm Oct 10, 2016 3:38pm | Edited 4:02pm
Quoting Ibar51
Hi The part of the system that I am unsure of is when to place the multiple trades on. At present I wait for a retrace towards the pivot line where the trade was placed is this correct. Any help would be appreciated Thanks
look my trades on E/CHF I just closed and all the sequence of posts relating to it.
All my positions were entered going down progressively. Ideally once your earliest position is in profit then you can add more going with momentum.At times I do add more positions even if earlier ones were in red.The point is to look at total positions 4-10 as 1trade irregardless where they entered because your true position is average of all positions.I add more positions if A higher TF is in my direction H4 D B. Fundamentally in correct direction.C pivot zone 61-100 .Example you entered UJ sell at 61R then pa went up to 78R well you could add another sell at 78 and another 100R then you stop and allow trade to work.If does not work you take the loss.
You might be wondering why not just enter 1 large position.Well you can but its not effective.Think of fishing with a spear vs fishing with a net.Which is more effective?
ME allows control of position. Say you entered at .25lot and PA went against you 20pips.Now this gives a assessment opertunity either close as loss if PA is clearly against you or add more if higher TF is in your direction.If closed as loss your loss is only .25 lot.Lot less then if you had full lot at same number.

Earlier today Arjun had a AC long around 1060 one position. I advised him PA basically was not bullish.He closed as loss very minimal damage and PA has been dropping ever since granted not by huge margin but its more then 20pips.Its an example that if you see clearly PA is not on your side you just get out.

Trade mico lots or demo until you know what you are doing.Its important.
In trading, you have to be defensive and aggressive at the same time
  • #3,874
  • Oct 10, 2016 3:55pm Oct 10, 2016 3:55pm
Quoting lordgbengs
{quote} Trades; {image} {image} {image}
Hi Shawn
This system is not designed for daily chart trading.TDI will not give you proper signal and when it does it will be extremely lagging and basically you will chasing tail end of the move.
Try trading 30min -H4 max.if you were just showing the R pivots previous touches like blue circles you drew then its fine.I just want to be sure that's all.Trades look good.
AC should drop to 98-97 maybe next 4weeks so don't worry about that.
regards
In trading, you have to be defensive and aggressive at the same time
  • #3,875
  • Oct 10, 2016 3:57pm Oct 10, 2016 3:57pm
Quoting Davit
{quote} look my trades on E/CHF I just closed and all the sequence of posts relating to it. All my positions were entered going down progressively. Ideally once your earliest position is in profit then you can add more going with momentum.At times I do add more positions even if earlier ones were in red.The point is to look at total positions 4-10 as 1trade irregardless where they entered because your true position is average of all positions.I add more positions if A higher TF is in my direction H4 D B. Fundamentally in correct direction.Example...
Thanks for that I now have a clear understanding of when to place multiple trades
  • #3,876
  • Oct 10, 2016 4:05pm Oct 10, 2016 4:05pm
Quoting Ibar51
{quote} Thanks for that I now have a clear understanding of when to place multiple trades
If you wait and only take trades in the zone 61-100 you will hit around 70% winning average.Its enough edge to build equity quick.You need to restrain yourself and wait for proper trade.
In trading, you have to be defensive and aggressive at the same time
  • #3,877
  • Oct 10, 2016 4:11pm Oct 10, 2016 4:11pm
EA still dropping nicely.Lower the better. 1st test is 38S
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In trading, you have to be defensive and aggressive at the same time
  • #3,878
  • Oct 10, 2016 4:15pm Oct 10, 2016 4:15pm
just sharing this as an inspiration. I do have around 6% floating loss mostly on EG
So far this month 2 minor losses
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In trading, you have to be defensive and aggressive at the same time
  • #3,879
  • Oct 10, 2016 4:22pm Oct 10, 2016 4:22pm
Quoting Afarensis
{quote} excellent explanation Davit. Thank you. UJ is turning now, but not touched R38.
you are doing good don't give up on this thread.Give me 3 months.You need to have large sample size for you to see how effective this can be.
Like to see more charts from you
In trading, you have to be defensive and aggressive at the same time
  • #3,880
  • Oct 10, 2016 4:26pm Oct 10, 2016 4:26pm
I am on sidelines on UJ we got weds FEds minutes and this could get pushed to in the "zone" (61-100)
So far bear candles are small minor ones.Has no power behind.
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In trading, you have to be defensive and aggressive at the same time
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