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Pivot Trading

  • #3,881
  • Oct 10, 2016 4:33pm Oct 10, 2016 4:33pm
pipsniper007
what's new with you.You have been noticeably absent.Hope you are ok.
In trading, you have to be defensive and aggressive at the same time
  • #3,882
  • Oct 10, 2016 6:35pm Oct 10, 2016 6:35pm
Wow, such a popular thread! one night shift and i have to read 6 pages to catch up. My UC shorts hit TP at 1.3152 for about 400 pips while I was working. A bit of a relief as I entered part of trade too early last week and had DD at the peak (but took more entries as it rose). Over the week end "Analysts" announced a "clear break" from range. I'm very happy to see the break was false, and this pair is still in the range which has paid many pips. Holding AC shorts from last week, similar story to UC, now in minor profit. Short AU today, nice bear pin bar on 4H rejection from WP, all lower time frames on TDI showing red arrows. Although not a "pivot Indicator" the 4H chart shows a Head and shoulder pattern, very common on AU, with a failed attempt to recover above the neckline. Great input from you today Davit, lessons absorbed!
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  • #3,883
  • Oct 10, 2016 6:44pm Oct 10, 2016 6:44pm
Quoting Blackopal
Wow, such a popular thread! one night shift and i have to read 6 pages to catch up. My UC shorts hit TP at 1.3152 for about 400 pips while I was working. A bit of a relief as I entered part of trade too early last week and had DD at the peak (but took more entries as it rose). Over the week end "Analysts" announced a "clear break" from range. I'm very happy to see the break was false, and this pair is still in the range which has paid many pips. Holding AC shorts from last week, similar story to UC, now in minor profit. Short AU today, nice bear...
congrats on +400pips
watch UC for reload opertunity soon next few days.cheers
In trading, you have to be defensive and aggressive at the same time
  • #3,884
  • Oct 10, 2016 6:44pm Oct 10, 2016 6:44pm
EU commonly ranges between S38 and R38. I have a pending at 1.1130 if it comes back down to that, will add from there.
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  • #3,885
  • Oct 10, 2016 6:49pm Oct 10, 2016 6:49pm
Quoting Blackopal
EU commonly ranges between S38 and R38. I have a pending at 1.1130 if it comes back down to that, will add from there. {image}
Just be mindful of Weds Feds Minutes bottom could collapse on EU testing 61-100S but in my opinion will bounce up as well.
not bad plan just leave extra amo for building position should your limit get overrun
In trading, you have to be defensive and aggressive at the same time
  • #3,886
  • Oct 10, 2016 6:57pm Oct 10, 2016 6:57pm
Good Morning everyone ... How`s everyone doing ...

Today finally with proper week start , but still the market seems slower , anyone having good setups to trade on in early morning Asian sessions
  • #3,887
  • Oct 10, 2016 7:00pm Oct 10, 2016 7:00pm
Quoting Davit
{quote} Just be mindful of Weds Feds Minutes bottom could collapse on EU testing 61-100S but in my opinion will bounce up as well. not bad plan just leave extra amo for building position should your limit get overrun
Multiple entries are a Major part of the success of your system. I have ammo on hand as advised. Cheers Mate. Work interfering again. Gotta sleep, I do ridiculous 12 and a half hour nights. Will watch Canadian pairs. Oil actually hit a new recent high. Game still on. Here's Brent Crude Daily chart if you don't have it.
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  • #3,888
  • Oct 10, 2016 7:04pm Oct 10, 2016 7:04pm
Quoting Blackopal
{quote} Multiple entries are a Major part of the success of your system. I have ammo on hand as advised. Cheers Mate. Work interfering again. Gotta sleep, I do ridiculous 12 and a half hour nights. Will watch Canadian pairs. Oil actually hit a new recent high. Game still on. Here's Brent Crude Daily chart if you don't have it. {image}
I suggest changing pivot colors for easy reference.You can do it yourself or you can use my templete
See you later green pips
Attached File(s)
File Type: tpl Davit pivot3.tpl   27 KB | 1,021 downloads
In trading, you have to be defensive and aggressive at the same time
  • #3,889
  • Oct 10, 2016 7:06pm Oct 10, 2016 7:06pm
Quoting sucess4hasee
Good Morning everyone ... How`s everyone doing ... Today finally with proper week start , but still the market seems slower , anyone having good setups to trade on in early morning Asian sessions
not much going on.
My watch list
UC UJ short
EA EU long
Should be able to nail 2 out of 4.Watching or waiting is part of trading.Much like predator stalking prey.Too early and waste of energy and prey runs away.Right time and high success.
In essence we are hunting price
AC and NC dropping now
In trading, you have to be defensive and aggressive at the same time
  • #3,890
  • Oct 10, 2016 7:22pm Oct 10, 2016 7:22pm
UJ is blasting north,My reservations of against shorting early proved correct.
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In trading, you have to be defensive and aggressive at the same time
  • #3,891
  • Oct 10, 2016 7:26pm Oct 10, 2016 7:26pm
UJ is testing R38 .. a Bouce back from here could test S38 ...
  • #3,892
  • Oct 10, 2016 7:33pm Oct 10, 2016 7:33pm
Quoting sucess4hasee
UJ is testing R38 .. a Bouce back from here could test S38 ...
it could turn south from here however too much bull signals.Look at the arrows down and steep TDI up thrust and all this suggest 104 is going to be conquered most likely and heading to 61R
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In trading, you have to be defensive and aggressive at the same time
  • #3,893
  • Oct 10, 2016 7:39pm Oct 10, 2016 7:39pm
Quoting Davit
{quote} it could turn south from here however too much bull signals.Look at the arrows down and steep TDI up thrust and all this suggest 104 is going to be conquered most likely and heading to 61R {image}

I`m fearing the same , with early Asian season and USD is showing strong signs against most of the pairs.. so 104 test is highly likely , but London session may see the reversal
  • #3,894
  • Oct 10, 2016 7:42pm Oct 10, 2016 7:42pm
Quoting sucess4hasee
{quote} I`m fearing the same , with early Asian season and USD is showing strong signs against most of the pairs.. so 104 test is highly likely , but London session may see the reversal
No fearing.You must erase that from your vocabulary in trading.Market is neutral it goes up or down.We have control when we get in.
In trading, you have to be defensive and aggressive at the same time
  • #3,895
  • Oct 10, 2016 7:42pm Oct 10, 2016 7:42pm
Quoting Davit
{quote} it could turn south from here however too much bull signals.Look at the arrows down and steep TDI up thrust and all this suggest 104 is going to be conquered most likely and heading to 61R {image}

One more thing i wana ask about , does the use of Moving averages indicator helps in decision making.. specially on your adviced templates . TDI , Schost and Moving averages was used by Late Big E as well , helped him for a Quite a long time though
  • #3,896
  • Oct 10, 2016 7:47pm Oct 10, 2016 7:47pm
Quoting Davit
{quote} No fearing.You must erase that from your vocabulary in trading.Market is neutral it goes up or down.We have control when we get in.

Appologies for wrong use of words. Indeed i agree Market is how we play and see it , depends on us mostly
  • #3,897
  • Oct 10, 2016 7:48pm Oct 10, 2016 7:48pm
Quoting sucess4hasee
{quote} One more thing i wana ask about , does the use of Moving averages indicator helps in decision making.. specially on your adviced templates . TDI , Schost and Moving averages was used by Late Big E as well , helped him for a Quite a long time though
TDI is enough.Importance on this thread is on PRICE ACTION. arrows down below anglator are based on moving averages but I prefer not seeing it on my main chart.
In fact almost all Oscillators are calculated based off moving averages.Pivots are only thing is not that's why they don't repaint or change until week is over.
I suggest you trade at Trading made simple if that suits you better since I prefer to work with experienced traders.
In trading, you have to be defensive and aggressive at the same time
  • #3,898
  • Oct 10, 2016 7:52pm Oct 10, 2016 7:52pm
Quoting Davit
{quote} I suggest changing pivot colors for easy reference.You can do it yourself or you can use my templete See you later green pips {file}

Will do. Couldn't stop myself to sleep yet. Watching one hour of Mark Douglas. Added another short A/U and one short A/N at R78. Now I'll sleep better.
  • #3,899
  • Oct 10, 2016 7:54pm Oct 10, 2016 7:54pm
Quoting Davit
{quote} TDI is enough.Importance on this thread is on PRICE ACTION. arrows down below anglator are based on moving averages but I prefer not seeing it on my main chart. In fact almost all Oscillators are calculated based off moving averages.Pivots are only thing is not that's why they don't repaint or change until week is over. I suggest you trade at Trading made simple if that suits you better since I prefer to work with experienced traders.
i do appreciate your way of thinking and analysing charts . been following this thread along with the one you mentioned and yes i agree MA`s are somehow included , i was just asking to show it apparently though . but i never doubted your system or results . and i guess many of us including myself has seen its effectiveness . my saying was just for discussion point of you , never had any doubt on it . Results does speak itself and so far (i Won`t say anything is perfect) but it is indeed quite effective and simple... The whole point was to keep things simple and less messy , so we can do prompt actions when required .
  • #3,900
  • Oct 10, 2016 8:38pm Oct 10, 2016 8:38pm
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Checking your pivots against what I use.
Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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