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Pivot Trading

  • #4,921
  • Nov 10, 2016 9:52am Nov 10, 2016 9:52am
Quoting Davit
Awesome trading guys.Running a late to work but there were great easy set up this morning EA reached S138 rare 4070 and bounced 200pips in short time.I saw some of you on AJ as well great set ups. Its really easy picking winners on this system just wait for right time 61-100 with PA to guide. With GriffinsSoul hopefully as regular contributor this thread has become lot more stronger!along with Arjun,Mike,Mraam,Tamarind77 Voti and many others Must go keep piling those pips Closed my major DD on EG with minor loss after Brexist spike.Savings here...
Everyone has done very well. Great job guys.

Im up 25% this week alone, too many charts to post. Ill pick and post a few!

CHeers & Green pips to all

MR
Silence your Ego & Your Power will Rise
  • #4,922
  • Nov 10, 2016 10:33am Nov 10, 2016 10:33am
Need your opinion on this setup USDJPY. Shorting from R161 and watching PA.
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you see the pattern, i see a great opportunity.
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I hesisate because i think the market is reacting otherwise since the US vote.

Thanks again for this awesome thread
"Letting losses run is the most serious mistake made by most investors."W.O
  • #4,923
  • Nov 10, 2016 10:48am Nov 10, 2016 10:48am
Had a profitable day, tanx to Davit and the other contributors on this thread, thank you all!
AUDUSD 590 pips
AUDCAD 500 pips
EURAUD 320 pips

Agree Mraam, everyone has done very well!

Green pips to all,
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  • #4,924
  • Nov 10, 2016 1:12pm Nov 10, 2016 1:12pm
AUDJPY long setup. WR61 hold the price. I hope it will go through WR138
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  • #4,925
  • Nov 10, 2016 2:55pm Nov 10, 2016 2:55pm
GBPAUD around wr61. ADR overheat.
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  • #4,926
  • Nov 10, 2016 3:14pm Nov 10, 2016 3:14pm
Quoting MoneyTalks58
GBPAUD around wr61. ADR overheat. {image}
Not sure I that agree think this may go to 100r or higher no weakness on 4 hr tf and daily shows resistance around the 1.6660 area
  • #4,927
  • Nov 10, 2016 4:50pm Nov 10, 2016 4:50pm
just waiting the TDI to long. Watch PA too. TP1 is Pivot.
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any advice ?
"Letting losses run is the most serious mistake made by most investors."W.O
  • #4,928
  • Nov 10, 2016 5:50pm Nov 10, 2016 5:50pm
Quoting MoneyTalks58
AUDJPY long setup. WR61 hold the price. I hope it will go through WR138 {image}
Interesting.. why would you go long here? Your SL is the nearest swing Low. If that was the case (and if you anticipate it would go higher) why dont you go short when it does? You are aware that these are areas where reversals take place? Read the guidelines on Davit's methodology - P1

Quoting liamseden
just waiting the TDI to long. Watch PA too. TP1 is Pivot. {image} any advice ?
Your just gave yourself good advice - Watch PA. Btw My candles and Support areas look different to yours.

Cheers
MR
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Silence your Ego & Your Power will Rise
  • #4,929
  • Nov 10, 2016 6:16pm Nov 10, 2016 6:16pm
Quoting mraam
{quote} Interesting.. why would you go long here? Your SL is the nearest swing Low. If that was the case (and if you anticipate it would go higher) why dont you go short when it does? You are aware that these are areas where reversals take place? Read the guidelines on Davit's methodology - P1 {quote} Your just gave yourself good advice - Watch PA. Btw My candles and Support areas look different to yours. Cheers MR {image}

i suppose it's because server time on brokers are different, my brooker is XM.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #4,930
  • Edited 8:56pm Nov 10, 2016 8:18pm | Edited 8:56pm
Looks like good Price action. Volatility !!!!!! Everyone seems like doing very well. getting mega pips . I also reached my target 10% this month.
While I type, Yen is going up and my profit is going up



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  • #4,931
  • Nov 10, 2016 10:19pm Nov 10, 2016 10:19pm
Quoting KeepCalmfx
Had a profitable day, tanx to Davit and the other contributors on this thread, thank you all! AUDUSD 590 pips AUDCAD 500 pips EURAUD 320 pips Agree Mraam, everyone has done very well! Green pips to all, {image} {image} {image}
Very nice start! Welcome to Pivot Trading
In trading, you have to be defensive and aggressive at the same time
  • #4,932
  • Nov 10, 2016 10:22pm Nov 10, 2016 10:22pm
Quoting inforserve
Looks like good Price action. Volatility !!!!!! Everyone seems like doing very well. getting mega pips . I also reached my target 10% this month. While I type, Yen is going up and my profit is going up {image} {image}
Very nice gain 10% in 1 week and Mraam hit 25%
I am proud and happy you guys are piling pips. What I shared on this thread proves that you don't need 20 indicators and idiotic concepts to make money.What I shared is real trading.
Very proud of you guys

I am extremely busy lately work related and can't participate much but do read your posts.Apologize for not being as active.
In trading, you have to be defensive and aggressive at the same time
  • #4,933
  • Nov 10, 2016 10:27pm Nov 10, 2016 10:27pm
ATM I have major positions on EU and UJ
Bigger one on EU
I throw a fib on the swing and 618 is at 38R at 1127 that's a achievable target
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In trading, you have to be defensive and aggressive at the same time
  • #4,934
  • Nov 10, 2016 10:49pm Nov 10, 2016 10:49pm
Quoting Davit
ATM I have major positions on EU and UJ Bigger one on EU I throw a fib on the swing and 618 is at 38R at 1127 that's a achievable target {image}
Nice Pips!, But it had previously gone to 1.05 - 1.06 several times last year.

Very unlikely turn of events.. all doom and gloom predictions if he wins & now the whole world is dollar bullish.

Cheers
MR
Silence your Ego & Your Power will Rise
  • #4,935
  • Nov 10, 2016 10:58pm Nov 10, 2016 10:58pm
Quoting mraam
{quote} Nice Pips!, But it had previously gone to 1.05 - 1.06 several times last year. Very unlikely turn of events.. all doom and gloom predictions if he wins & now the whole world is dollar bullish. Cheers MR
very true and that's why its a probability over series of trades."There are always reasons for not putting the trade in and the one you don't place is the winner" Paraphrasing Mark Douglas.
My system generates signals and I follow that signal. Out of 20 trades I should hit 70% winners but that 30% losers I have no way of knowing which ones are those in advance hence
Trading is acting upon on system Edge over series of trades to show profit.No different what casino does.Casino has about 3% edge.That's enough to generate millions of profit.
Think of it this way if anyone knew 100% that EU will go to 111 in 1 week you would of taken 2nd mortgage and put on this trade.Well reality is we don't know the future but that does not stop us from making logical decisions.
In trading, you have to be defensive and aggressive at the same time
  • #4,936
  • Nov 10, 2016 11:06pm Nov 10, 2016 11:06pm
Quoting Davit
{quote} very true and that's why its a probability over series of trades."There are always reasons for not putting the trade in and the one you don't place is the winner" Paraphrasing Mark Douglas. My system generates signals and I follow that signal. Out of 20 trades I should hit 70% winners but that 30% losers I have no way of knowing which ones are those in advance hence Trading is acting upon on system Edge over series of trades to show profit.No different what casino does.Casino has about 3% edge.That's...
Wisdom.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #4,937
  • Nov 10, 2016 11:21pm Nov 10, 2016 11:21pm
Quoting Davit
{quote} very true and that's why its a probability over series of trades."There are always reasons for not putting the trade in and the one you don't place is the winner" Paraphrasing Mark Douglas. My system generates signals and I follow that signal. Out of 20 trades I should hit 70% winners but that 30% losers I have no way of knowing which ones are those in advance hence Trading is acting upon on system Edge over series of trades to show profit.No different what casino does.Casino has about 3% edge.That's enough to generate millions of profit....
Hi Davit
This week I have hit 14.9% of my account never have I previously come close to that figure and it is all thanks to your system. and your advice to read Mark Douglas I can now honestly say that I can trade without fear when in large DD this week I was still able to close my eyes and sleep. I cringe at the amount of money I have spent on software and training over the last 4 years. More than the figures you quoted earlier. So I cannot express my gratitude to you and all those that contribute to this tread and hope that some day I will have the insight to be able to help other traders
  • #4,938
  • Nov 10, 2016 11:37pm Nov 10, 2016 11:37pm
Quoting Arjun-LE1
{quote} I'm out of words for this thread. Day in day out. My result , just speak itself. Thanks Davit. {image}
The secret of trading Pivot Point is to follow its trend until it reaches the next Pivot Point.

In this case Weekly Pivot to Weekly R38.

Look at the PA and decide, how price will react to the Pivot Point.
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Let all the living things live blissfully
  • #4,939
  • Edited 11:54pm Nov 10, 2016 11:43pm | Edited 11:54pm
Quoting Arjun-LE1
{quote} The secret of trading Pivot Point is to follow its trend until it reaches the next Pivot Point. In this case Weekly Pivot to Weekly R38. Look at the PA and decide, how price will react to the Pivot Point. {image}
Hi Arjun-Lei
If PA closes above a pivot point do you go to the next pivot or do you just close your trade,

cheers
Anybody got views on EG just ranging along the 138 s pivot
  • #4,940
  • Nov 10, 2016 11:58pm Nov 10, 2016 11:58pm
Quoting Ibar51
{quote} Hi Arjun-Lei If PA closes above a pivot point do you go to the next pivot or do you just close your trade, cheers Anybody got views on EG just ranging along the 138 s pivot
Price will start to consolidate first, and start to make a pattern.

You have to watch the movement for every 4 hours ( wait for candle close).

If you re not comfortable to wait. You can exit the trade , and always jump in on the next train ride.

Normally, i normally leave the trade as it is, because of my time limitation ( Attending Classes and assignment).

If you have time, then get off the trade then go in again.

Pay attention to London Open, New York Open until London Close.

Those are premium time.
Let all the living things live blissfully
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