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Pivot Trading

  • #4,221
  • Oct 18, 2016 7:15pm Oct 18, 2016 7:15pm
AU Set up

Waiting for price to test R78 and if PA indicate failure, then will be looking to short.

R61 to R78 around 25 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AU Test.jpg Size: 79 KB
Let all the living things live blissfully
  • #4,222
  • Oct 18, 2016 7:26pm Oct 18, 2016 7:26pm
NU Set Up.

Resistance on daily chart.

Will be looking at 240M TF for setup @ R78 area
Attached Image (click to enlarge)
Click to Enlarge Name: NU SetUp.jpg Size: 87 KB
Let all the living things live blissfully
  • #4,223
  • Oct 18, 2016 7:47pm Oct 18, 2016 7:47pm
EUR NZD

Waiting for setup and PA on 240M TF.
Attached Image (click to enlarge)
Click to Enlarge Name: EN Set Up.jpg Size: 81 KB
Let all the living things live blissfully
  • #4,224
  • Oct 18, 2016 7:56pm Oct 18, 2016 7:56pm
UC Short, 53 pips SL
Attached Image (click to enlarge)
Click to Enlarge Name: USD CAD Short 001.jpg Size: 68 KB
Let all the living things live blissfully
  • #4,225
  • Oct 18, 2016 9:52pm Oct 18, 2016 9:52pm
Sell AU H4. Hope works well :-)
Attached Image (click to enlarge)
Click to Enlarge Name: AU H4.png Size: 50 KB
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #4,226
  • Oct 18, 2016 9:54pm Oct 18, 2016 9:54pm
Quoting Arjun-LE1
AU Set up Waiting for price to test R78 and if PA indicate failure, then will be looking to short. R61 to R78 around 25 pips {image}
excellent work Arjun
In trading, you have to be defensive and aggressive at the same time
  • #4,227
  • Oct 19, 2016 1:40am Oct 19, 2016 1:40am
Quoting Davit
{quote} excellent work Arjun
Nice work Arjun.
Also short NU and AU from R61.
Chinese data mixed and industrial production down so AUD and NZD may soften away from recent highs.
Glad the EG and GU trades worked out. Some monster green pips there.
  • #4,228
  • Oct 19, 2016 1:57am Oct 19, 2016 1:57am
Quoting Arjun-LE1
UC Short, 53 pips SL {image}
Closing Losing trade -29 pips.

Cost of trading
Attached Image (click to enlarge)
Click to Enlarge Name: Closing UC.jpg Size: 73 KB
Let all the living things live blissfully
  • #4,229
  • Oct 19, 2016 2:03am Oct 19, 2016 2:03am
I am basically maxed out Reached my account limit.Now just need to wait mostly for AUD to weaken and ECB meeting which is why market is not buying the Euro yet.
Lots of E pairs that are severely depreciated which could become attractive longer term trades.
AJ is moving south ATM
In trading, you have to be defensive and aggressive at the same time
  • #4,230
  • Oct 19, 2016 2:39am Oct 19, 2016 2:39am
Good calls, Arjun. Started building longs on EN as well.

Woke up this morning to some nice green pips on my AJ shorts that had running since yesterday. Felt like taking profit so I did. +219

Attached Image (click to enlarge)
Click to Enlarge Name: 7224f648d3.png Size: 192 KB


Still have a batch of longs on EU, hoping to see it move up soon.
  • #4,231
  • Oct 19, 2016 3:34am Oct 19, 2016 3:34am
Quoting ThirdConfig
Good calls, Arjun. Started building longs on EN as well. Woke up this morning to some nice green pips on my AJ shorts that had running since yesterday. Felt like taking profit so I did. +219 {image} Still have a batch of longs on EU, hoping to see it move up soon.
Also have a bunch of long EU and have just added a couple more looking at least for a break even.
  • #4,232
  • Oct 19, 2016 3:37am Oct 19, 2016 3:37am
Quoting voty
Getting ready for major NU long. But only after I see PA on daily. Yes daily. {image}
Closing NU long +250. Just a little disappointed, missed the perfect entry zone by approx. 50 pips. I had some more pending buy waiting here...
AN short +200 now, this one I keep running.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-10-19 1032 [NZDUSD,Daily] closed250.png Size: 43 KB
Click to Enlarge Name: 2016-10-19 [AUDNZD,Daily] short_running200.png Size: 42 KB
buying tops / selling bottoms
  • #4,233
  • Edited 4:41am Oct 19, 2016 3:56am | Edited 4:41am
Quoting voty
{quote} Closing NU long +250. Just a little disappointed, missed the perfect entry zone by approx. 50 pips. I had some more pending buy waiting here... AN short +200 now, this one I keep running. {image} {image}
Good job! PM sent
In trading, you have to be defensive and aggressive at the same time
  • #4,234
  • Oct 19, 2016 4:40am Oct 19, 2016 4:40am
Quoting Ibar51
{quote} Also have a bunch of long EU and have just added a couple more looking at least for a break even.
I just got out EU. Too much bearish pressure on the lower timeframes for my taste. Still managed to squeeze out +66
More focusing on EN and EA longs for now.
  • #4,235
  • Oct 19, 2016 6:33am Oct 19, 2016 6:33am
im selling kiwi
I know one thing, that I know nothing - Socrates
  • #4,236
  • Oct 19, 2016 7:04am Oct 19, 2016 7:04am
Hey Davit!

I might have missed if someone asked you the same question i'm about to ask and if so - sorry beforehand!

Here goes!
You say you add on to your positions aggressively, just wondering if you set up pendigs for that, do you add each on manually? got any wisdom to share on that point ? What's the best way "in your opinion" to add "aggressievly"?

~
Tim
  • #4,237
  • Oct 19, 2016 7:11am Oct 19, 2016 7:11am
Quoting Davit
{quote} Hi T Before you can improve my system which is what my probability Edge is based on I suggest you understand it 1st to begin with(read the 1st page).Your post is most amusing to me so far. Let me share this.Market makers are hiring top notch analysts,programmers,math geniuses paying them millions to design algorithms to beat the market and you are going to understand better way? The complexity what you are saying is staggering and baffling to me.Try to read the thread a bit 1st before tacking probability. Let me also add I have banned lots...

Hi Davit,

Took a bit longer to watch all 4 videos then I thoughts, however very glad I did.

I think you may have mis-understood my earlier post!! I'm not trying to improve your edge at all. I'm trying to improve my knowledge of the markets to find an edge for myself. Sorry about the misunderstanding.

The videos confirm what I know I need to find and that is an edge. I need to find an edge so that like suggested in the videos, I become the casino. Not knowing the outcome of the next trade is ok! However knowing that after a sequence of trades my edge will bring me in front.

I was hoping he would discuss the mathematical formula which provides a probability greater than 50% of a pattern occurring. He hinted at it a few times, but obviously these parts of the seminar was edited out. Any suggestions on where he discusses these patterns?

Anyway I have 200 pages of this thead to catch up on!!

PS - I loved the reminder of why the price moves, an "in-balance" of people's perception of what they think the market will do. It was a good reminder for me.
Also liked the reminder that once i place a trade, it's other people's buys/sells that determine the outcome of my trade, not what I know etc.

Looking forward to contributing at some point some.

Thanks mate
  • #4,238
  • Oct 19, 2016 8:22am Oct 19, 2016 8:22am
Quoting Timnyman94
Hey Davit! I might have missed if someone asked you the same question i'm about to ask and if so - sorry beforehand! Here goes! You say you add on to your positions aggressively, just wondering if you set up pendigs for that, do you add each on manually? got any wisdom to share on that point ? What's the best way "in your opinion" to add "aggressievly"? ~ Tim
Hi Tim welcome
I generally add positions between 61-100 pivots. You also have to watch if the trade is working meaning has chance to succeed.
Good edge trade is now NU 78R and didn't pass 100 hence has a good probability to retrace.
Its best to add more if previous orders in profit then move SL BE and then continue.Adding to winners generally is what I recommend as Arjun demonstrated on his last GU longs.
regards
In trading, you have to be defensive and aggressive at the same time
  • #4,239
  • Oct 19, 2016 8:29am Oct 19, 2016 8:29am
Quoting timster
{quote} Hi Davit, Took a bit longer to watch all 4 videos then I thoughts, however very glad I did. I think you may have mis-understood my earlier post!! I'm not trying to improve your edge at all. I'm trying to improve my knowledge of the markets to find an edge for myself. Sorry about the misunderstanding. The videos confirm what I know I need to find and that is an edge. I need to find an edge so that like suggested in the videos, I become the casino. Not knowing the outcome of the next trade is ok! However knowing that after a sequence of trades...
My system is very logical however there are lots of things that you can fk it up.Not being patient,trading too big,holding on losers even when you know you should get out.Being afraid to execute orders because you had few losses ,not following system rules etc.
You can have the edge clearly define but rest is up to you.One of the reasons why I prefer minimum 2yrs trading experience because of psychology of trading takes time.You may know it but not able to execute.

Cheers
In trading, you have to be defensive and aggressive at the same time
  • #4,240
  • Oct 19, 2016 9:21am Oct 19, 2016 9:21am
Nice gain on the CAD good for my NC and AC shorts.These are long term shorts may take 1-2 months to reach TP
In trading, you have to be defensive and aggressive at the same time
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