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Pivot Trading

  • #5,821
  • Jan 3, 2017 8:17am Jan 3, 2017 8:17am
EA might be worth building up a position
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In trading, you have to be defensive and aggressive at the same time
  • #5,822
  • Jan 3, 2017 8:23am Jan 3, 2017 8:23am
AJ
too many nice set ups
harmonic butterfly H1 just a confluence

Its important to realize that I trade 15-H1 charts but always have bigger picture in mind.For Example I do anticipate AN breaking up 4480 and heading to 7000 when exactly hard to pin point.Could be this month and could take 3 months or 1 week. People who draw lines and firmly say I will take TP when price gets to XX number are somehow out of touch how market works.Market goes in multiple waves before reaching certain level hence plenty of opportunities to get in and get out and still maintain overall trajectory.
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In trading, you have to be defensive and aggressive at the same time
  • #5,823
  • Jan 3, 2017 8:59am Jan 3, 2017 8:59am
AU Buy..
has support below WPP
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #5,824
  • Jan 3, 2017 9:56am Jan 3, 2017 9:56am
building a large position on EA
anticipating a gap to be closed
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In trading, you have to be defensive and aggressive at the same time
  • #5,825
  • Jan 3, 2017 9:59am Jan 3, 2017 9:59am
quickie on AJ +60
shifted my funds to EA
total pips today +578 pips
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In trading, you have to be defensive and aggressive at the same time
  • #5,826
  • Jan 3, 2017 10:02am Jan 3, 2017 10:02am
Quoting andy_l
AU Buy.. has support below WPP {image}
Need to be on your toes on this with NFP Friday.

Focus none USD pairs like my EA. EA is a bargain at this prices in my opinion.
Try getting away from USD as much as possible until things settle down.
In trading, you have to be defensive and aggressive at the same time
  • #5,827
  • Jan 3, 2017 10:06am Jan 3, 2017 10:06am
EU did touch 61S and quickly regained.Power of pivots
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In trading, you have to be defensive and aggressive at the same time
  • #5,828
  • Jan 3, 2017 10:24am Jan 3, 2017 10:24am
Quoting nk7
Morning fellow traders... NZDJPY on anyone's list?
The NZDJPY did fairly well :-)
Although I chickened out a little too early.
  • #5,829
  • Jan 3, 2017 10:24am Jan 3, 2017 10:24am
A quick wave of green pips on AN.
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  • #5,830
  • Jan 3, 2017 10:31am Jan 3, 2017 10:31am
Hello everybody
I wish everyone a healthy, happy and successful 2017. I would especially like to welcome David.
This is my first trade in the new year

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  • #5,831
  • Jan 3, 2017 11:30am Jan 3, 2017 11:30am
Hello everyone,
thanks so much Davit for your precious informations.

Just got back from work and closed on profit

EURGBP -20 pips closed all.
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AUDNZD +330 pips closed all.
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NZDJPY +30 pips +1 ticket on going.
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Just entered on EA with 4 tickets.
2017 seems good so far.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #5,832
  • Edited 12:24pm Jan 3, 2017 12:13pm | Edited 12:24pm
Great job guys
As you can see hitting pips is not difficult. Difficulty is waiting for right time. Keep remember that key zones are 61-100
Lets see how many of you will be here in 3 months
Good chance Andy,Tamarind,Ibar51,Rocky might be here.In truth I will continue to trade how I trade but its important to me that you guys develop longer term edge developing and sampling.
Its the only way to really test out a system.You might get lucky few times but struggle to close a loser and everything that comes with that.Trading to me is an art form.Its probability over series of trades.
I might be the only trader here keeps bringing up probability factor, here at FF.Its the real soul behind how I trade. Someone asked me few weeks ego why I didn't think EA was worth shorting.Well based on probability factors it did not have an edge.That's it keep focusing on the edge.Sample size matters.Think like a casino.They have roughly 3% edge and that's enough to generate millions.I think my system has better edge lot more then 3%
Keep honing your skills
In trading, you have to be defensive and aggressive at the same time
  • #5,833
  • Jan 3, 2017 12:27pm Jan 3, 2017 12:27pm
shooting for the gap close on EA 4590-46 WP
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In trading, you have to be defensive and aggressive at the same time
  • #5,834
  • Jan 3, 2017 12:32pm Jan 3, 2017 12:32pm
Quoting fistno
Davit, I have been a silent background reader in your threads for long. Reread alot of your posts and all other TMS threads, now i think i am starting to have an idea of your probability method. I have decided to write a post here as your contribution open my eyes and mind in pivot and harmonic which i discarded them long ago. Credit to you. Will demo trade for 3 months and see if i am successfully with this pivot and harmonic trading stuff. (the book: bird watching in lion country is indeed a good read. I have gained the wisdom within.Good recommendation)...
try trading with some real money micro level otherwise you will not learn much.
Everyone makes money on demo and lose in real account.Difference is trading psychology. You may not care closing a loser on demo but that exactly what you should do in real account.
Again demo is useless.It gives you false sense of security.
In trading, you have to be defensive and aggressive at the same time
  • #5,835
  • Edited 6:43pm Jan 3, 2017 6:02pm | Edited 6:43pm
Quoting Davit
Great job guys As you can see hitting pips is not difficult. Difficulty is waiting for right time. Keep remember that key zones are 61-100 Lets see how many of you will be here in 3 months Good chance Andy,Tamarind,Ibar51,Rocky might be here.In truth I will continue to trade how I trade but its important to me that you guys develop longer term edge developing and sampling. Its the only way to really test out a system.You might get lucky few times but struggle to close a loser and everything that comes with that.Trading...
Thanks Davit for giving me a good chance.
Since October 2016, until now im still running your system, and give me very good number of pips.
As new trader, im very lucky to found this thread, your system is very simple and amazing.
PA, zone, slow pair, its enough to be cash machine. I will stick to it, no need more.
I can't thank you enough.
I owe you.

Note:
I just dont understand, why many people have bad perception about pivot and fibonacci?
example:
pivot is useless,
pivot are shit,
pivot are nothing to do with the market,
there is no reason for pivot to work,
fibonacci are illusional,
fibonacci are hoax,
etc.
I know one thing, that I know nothing - Socrates
  • #5,836
  • Jan 3, 2017 6:55pm Jan 3, 2017 6:55pm
Quoting Davit
{quote} try trading with some real money micro level otherwise you will not learn much. Everyone makes money on demo and lose in real account.Difference is trading psychology. You may not care closing a loser on demo but that exactly what you should do in real account. Again demo is useless.It gives you false sense of security.
I totally agreed with this statement. Why not try a true account with a CENT/MICRO type? There's a great difference in the Trading Psychology....
  • #5,837
  • Edited 9:54pm Jan 3, 2017 7:58pm | Edited 9:54pm
UJ May be I'm wrong. re-accumulation going on we might see another leg north.
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KRD
  • #5,838
  • Jan 3, 2017 10:24pm Jan 3, 2017 10:24pm
AUD/JPY nice pull back buy at R61 to retest R100. nice quick scalp!

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  • #5,839
  • Jan 3, 2017 10:45pm Jan 3, 2017 10:45pm
What kind of PA?
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KRD
  • #5,840
  • Jan 3, 2017 10:48pm Jan 3, 2017 10:48pm
Quoting Rocky007
What kind of PA? {image}
Looks like USD/JPY will continue to the North. Retest of R78. Just my opinion and I have no interest in taking this trade FYI.
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