Pivot Trading

Just closed all 7 trades on CHF/JPY with a loss of 45 pips but am happy with that as I was down 208 at the close of trade on Friday and the gap has a habit of filling. Good profitable trading to all for the coming week.

Hi Voty
Pivots working beautifully thanks again

Hi Davit and pivot traders. My computer has a virus, so I've had a lot of trouble doing anything with it, including opening this site. I seem to be having a bit of success now by switching internet browsers. I agree this is a week to tread carefully, we also have the U.S. election influencing markets, as was demonstrated Friday due to the influence of latest election scare for Hilary with FBI investigating further emails. I will be more careful than usual, which I should do anyway, as my lack of self control and failure to remind myself stringently of Davit's recent advice resulted in me entering a couple of trades too early again last week, and unlike most pivoteers, I had a slightly negative week, but average is still very good, as previous week was excellent for me. Well done to all of you, you're obviously benefiting from Davit's methodology. Tamarind77 you've been cruising under the radar a bit Buddy, but I note you had some impressive trades with nice lot sizes. You should take the wife out for a night on the town, I'm sure such a gesture should make her happier to see you on the keyboard executing more pips!

Hey piptime here is a weekly TF on A/C. It is at a very interesting long term level now, which has acted as both major support and resistance. It has been knocked down hard from virtually where today's pivot line is in the past. In April 2014 it was hammered between current level of R78 and R100. "The market has a memory". And look at last week's bearish pin bar candle closing below this week'S pivot. I'm putting this one top of my watchlist for short positions from R61.

Hi friend could you tell me how to set up R161 and R200?

Click: Charts, indicator's list, "Davit's pivot 3" or whatever you have named the equivalent, scroll down to "show all S&R to 200%" and double click on "false" to open arrow on right to change to "true"

Please read the thread and all your questions concerning the indy and many more will be answered.

Watching this also. Nice one. Have a look at EAUD on the weekly too.

Happy pipping

Pivot line, 30 pips up, on Daily TF A/CHF has had five BIG hits too, going back to Oct 2015.

Correlations are creating interesting possibilities for the Aussie this week. I'm still a bit suspicious of backing the Euro though.

With all the Opec speculation, CAD down in disregard, That's probably my preference. There is likely to be on going speculation for and against oil production cuts, plus the Mideast is always a wild card for shit hitting the fan, influencing oil prices. And the EU trade deal should be a bigger positive impact for Canada than the EU.

waiting.....waiting......hunting......AU,AC

USD CAD

AUD NZD

Sugar. I've been watching this ever since it ran up from around S200 and entered a new higher range. My chance for a good entry has arrived.

Here's one with stunning regularity and consistency. Daily TF for USD/ Saudi Arabian Riyal. Unfortunately, there is currently 18 and a half pip spread on it. Otherwise, it looks like a license to print money.

I"ll check it out more closely when I'm not so tired..... getting over a run of night shifts.

Hey Blackopal, I actually have my take profits around R68 due to the weekly candle. I believe it will run up to R68 and then reverse as well. But we shall see, definitely an interesting spot.

As far as I know, this currency has a floating peg against the US dollar, so it can only fluctuate within those margins. The spreads are always so wide that you can't actually profit off of it. I actually don't even know why FX brokers make it available at all, I guess it's just to pull in a few retail traders to improve the liquidity. Theoretically, you could grab a few small profits, but the risk reward ratio is atrocious. Maybe the interest rates are high enough for a carry trade though....

That makes sense Steve, the lack of fluctuation proves the link is artificial. Without the huge spread, the only trading you would need to do every day is buy at S38 and sell at R61.

Oil has dropped almost $2 P/B in 24 hours. Looking at U/C and A/C they are not reflecting this.

was holding AU from last week. one of the longest baskets i have ever held. found it extremely stressful. had added longs to the basket as it went down, leading into today's rate decision: at previous daily S1, the whole number, and at previous weekly low. closed all trades now at .76500. if i had the balls i might try to hold up to R38. but, wanted out. and happy with comparatively smaller profit. did not close at SL because, fundamentally, the consensus was that rates were staying on hold, and, technically, because weekly and monthly pivots were above my basket average. i want to develop into holding trades longer, and taking more pips out of the market. but, finding less stress scalping around R/S78 and R/S61 levels. even with relatively (significantly) smaller lot sizes for the bigger swing trade targets. not sure how you guys handle having trades open for days. does my head in.

Hey Lads, and respected ladesses
I wish to add my viewpoint. Disclaimer. If my post is deemed offensive then by all means ban me, but do leave this post intact and fully readable.

I began forex in 2013. Like many it has been a up and down journey, emotionally, financially and personally.

Ii refuse to give up because I am determined to make this journey more successful than it has been. In 2013 I spent a lot of cash to engage an advertised forex trading program in Sydney. It was there that probably like many of you, I had a new awareness of the industry - how training programs can sucker in people from emotion of some sort of promise or dream only to find the upsell whip at the end of the program whilst learning there was much more relevant information I needed to know to be consistently proficient at making a growth in equity.

Like finding out there was Forex factory and that e-signal subscription was in fact not really needed to be a profitable business because one of the brokers present from Axitrader, russell Sandiford told us so.....and they are correct.

so i looked into it, terminated e-signal and got MT4.

I ended up terminating Axitrader because, among other things, their claimed 24hr support failed to know how to help local people beyond the time zone of the account holder and in the end Axitrader revealed they held up a legitimate withdrawal because the profit was larger than the initial deposit, so from people in (not FF!!) but ForexFactory they helped me by recommending another broker I felt i could trust, so currently that is Pepperstone whose marketing Manager is Mitchell Walls ( [email protected])

To my mind there are behavioural patterns that can either help or hinder personal success in this industry. There is an area which is not truly discussed with the vast knowledge and experience of the many individuals whom populate this medium of communication - and that is - how to be a teacher, how to be a master, and how to leave that legacy others can and do follow with consistent success.

There is no doubt there is underlying personalities and opinions and how they have been taught on how to communicate. So I wish to get to the point on my pet hate of forex, and that is the use of acronyms. It is my viewpoint that those whom use acronyms the most in ( not FF!!) Forex Factory give the illusion and emotional belief the poster is somehow superior and a master to be followed so must be observed and followed. Not so!.

There are many ways in which people learn and obtain and retain. So within the intent of this thread I ask the question of what is it really that would matter to help the greater readership to master forex trading and psychologically themselves?

That is the use of plain language that can be understood because with mastery we cannot assume english is the primary language, nor is the use of acronyms a form of mastery, nor is the appearance of being a leader or master a form of mastery , that is left to the evidence of whom is following and reading. For it is my view there will be many more people who read this looking for something and at some time blindly following a " leader" because thye look good with an acronym than opening up their gifts of discretion and examination that may in fact challenge the posted views of posters , and if left to truly grow, those quiet people may in fact give good insight the rest of us missed. think about it. If one were to consider our brain to be likened to that of a smartphone but which also, et al, has the ability of emotion and self learning and self destruction it is my view that I personally prefer the requirement to use full words over acronyms BECAUSE it forces the brain and intellect to develop further and you must refuse to assume from whose backgrounds are actually reading your directions as they do follow them.

So what went wrong with the Trading Made Simple Thread? Why are the same topics and issues being repeated over and over. Because none were taught how to master being a teacher, in my viewpoint.

Observe (tms / tms 30 ugh) Trading made Simple and Traging made simple 30min charts, there are mastery lessons to be held for us all. to My view one is personal integrity. When one decides to master and be a mster at teaching, shortening the usernames to a single letter or syllable as is seen because it is deemed to be popular actually devalues the person. and undermines the person seeking mastery. Refuse to undermine ForexFactory people by shortening their usernames, honour them by using their full name. This is is a paradigm. So I personally dare to be " unpopular" and " risk" to be banned by expressing something very useful.

Griffinsoul - message: People here put you on a pedestal - so they follow you, much lik.e Davot. So if a person looking for guidance were looking here what is a plausibility possibilty to happen? Short AUD/USD ( oops much confusion with popular mind or behavioural control of au( or is that gold or silver)) on the belief your views are the leader. yep that can have people who dont post here forget about the mechanics overall because it is popular to say tp sl au egad , hey there is never any such currency as airconditioning or (A/C) - it is just lazy popularist emotions.

There are various methods which people learn what to do, some audible, some verbal, some visual, many combination of all. Be a master and be a master at expressing the true expression of the market, USD CAD is never uc that is just poor mastery.

I write all this deliberately, to provoke emotion, the deliberately provoke thought, to provoke the action toward what is missing in Trading made simple. Emmanuel, some like some hate - it is undoubtable that person has a depth of experience, it is the regular use of acronyms that in the development of that thread that became a mind fuck on what is tok30 or what ever that is many posts later for it was explained than the acronym is repeated over and over with the title of it but the meaning of becomes lostand so does the mastery of both teaching something repeatable but so does success.

My Aim, to tell you to give a thought to refusing to use acronyms so that your legacy , when in time you may have the good fortune to meet those of us ereading these threads is to see and feel the people who did really well as people because the legacy told in plain words how it is done rather than the false psychology between the ears of feeling popular to use acronyms someones mind has to try to interpret.


I have deliberately written this to provoke useful communication so that many more people master their psychology and themselves and life.


There is nothing more meaningless than the rubbish of: PB - U/C - A/U . et al/ as there are no such currencies - they not exist - never have.
Just read professional publications they use full descriptions.
Demand to use full descriptions will make this thread a greater place of growth than has been done.

I do not care if one makes $1 or $10. It is how that person expresses themselves and the people around them that impresses me, so if a person taking care at personal mastery to , say, express a viewpoint based on discussed fundamentals in full words that others can follow with ease and understanding on the charts means a lot more than someone witing any amount of acronyms claiming to have equity growth much greater because the former will in the long run have many more successes to share.