Pivot Trading | Page 300 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

  • #5,981
  • Jan 11, 2017 2:49am Jan 11, 2017 2:49am
Quoting Tamarind77
Hi Davit, What simple way to make decisions for direction to trade on each pair? Like always you do on every trade. Sorry for asking this, i have been confused about fundamental thing.
me to
  • #5,982
  • Edited 3:26am Jan 11, 2017 2:58am | Edited 3:26am
Tamarind77 & ficibald
61 S/R key zone 78R/S is a Scott Carney's last chance for reversal (spikes stops taking before reversal) 100R/S another major zone. Beside you need experience to identify which is good or bad trade. Trade can go wrong, we are dealing with probability so anything can happen. No reason to be disappointed. My personal opinion this is the best system out there today. The rest I leave it to Davit.
MoneyTalks58 85.700 is an important area for me for that reason I said now is time. If this fails that means I'm no longer holding it. My openion this parabolic move was a re-accumulation. Now let's see time only can give us answer.
KRD
  • #5,983
  • Jan 11, 2017 3:34am Jan 11, 2017 3:34am
Quoting Rocky007
Tamarind77 & ficibald 61 S/R key zone 78R/S is a Scott Carney's last chance for reversal (spikes stops taking before reversal) 100R/S another major zone. Beside you need experience to identify which is good or bad trade. Trade can go wrong, we are dealing with probability so anything can happen. No reason to be disappointed. My personal opinion this is the best system out there today. The rest I leave it to Davit. MoneyTalks58...
Im follow all Davit trades, and realise something,
on several pair, Davit only do selling,
and several pair, Davit only buying.

And i realise, in my opinion its about fundamentall thing, its very important.

So, i ask Davit about post 5980
I know one thing, that I know nothing - Socrates
  • #5,984
  • Jan 11, 2017 3:49am Jan 11, 2017 3:49am
Quoting Rocky007
{quote} What is oversold and overbought condition? If you can answer that then you already know why Davit do such move.
No, not about that. Lets wait Davit with explanation.
Its about fundamentall thing in my opinion, which many here dont give attention about that, many here only focus on technical thing.

Example:
Which you will do, better selling UCAD or buying UCAD? Fundamentally.
I know one thing, that I know nothing - Socrates
  • #5,985
  • Edited 8:45am Jan 11, 2017 4:01am | Edited 8:45am
Investing.com - The Canadian dollar edged higher against its U.S. counterpart on Tuesday, helped by steadier prices for oil, a major Canadian export and an increase in domestic housing starts.
USD/CAD slid 0.14% to 1.3199 from Mondays close of 1.3214.
The pairs strongest level of the session was 1.3256, while its weakest was 1.3198.
The U.S. dollar index, which measures the greenbacks strength against a trade-weighted basket of six major currencies, was down 0.2% at 101.71.
The greenback edged lower amid investor caution ahead of a first press conference by U.S. President-elect Donald Trump on Wednesday.
The loonie, as Canada's currency is also known, found support as oil prices pushed higherafter a sharp selloff triggered by doubts over whether an agreement between major producers to cut output in a bid to reduce a global supply glut will be effective.
Higher prices for oil, one of Canada's major exports, typically boost the Canadian dollar.
The Canadian dollar received an additional boost after the Canada Mortgage and Housing Corp said housing starts rose to a seasonally adjusted annual rate of 207,041 units in December from an upwardly revised 187,273 units in November.
A separate report showed that the number of Canadian building permits issued edged lower in November.
Statistics Canada reported that building permits dipped 0.1%, compared to economists forecasts for a decline of 0.5%.
Octobers figure was revised up to show a gain of 10.5% from the previously reported 8.7%.

Now my answer is I'm not gonna anticipate this pair Reason behind is simple Trump and Dump Situation. NB: Professional accumulation going on.
The festival season is over people stop shopping. Obviously last quarter results will be good and now the festival is gone and what we can aspect?@Tamarind77 Common sense.

Attached chart BTW this is seasonal tendency.


Sorry Davit I wasn't front my trading station, for that reason I post with other online chart. However I'm agree what said about Volume. Anyways I wish Good luck everyone and goodbye
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
KRD
  • #5,986
  • Jan 11, 2017 4:20am Jan 11, 2017 4:20am
Quoting Rocky007
Tamarind77 & ficibald 61 S/R key zone 78R/S is a Scott Carney's last chance for reversal (spikes stops taking before reversal) 100R/S another major zone. Beside you need experience to identify which is good or bad trade. Trade can go wrong, we are dealing with probability so anything can happen. No reason to be disappointed. My personal opinion this is the best system out there today. The rest I leave it to Davit. MoneyTalks58...
I try 1000 systems,from my expiriance my feelings is this one is best to trade.I will stop on this,this will be last system what I will be trading .there is all what is needed,there is visual good entry signal whitch is tdi we hawe reasonable targets,good RR ,so we can fail quate often and be in profit.the hardest thing what is core of succeful trading is to understand owerall situation what happen with price,we need to master it an than we had sucess.When I start trading long time ago I use pivots I loved it had sucess but than market change like its happens every time and sistem dont work I fail,and I think that pivots is not good but I was wrong,because if we trust pivots than we can hold position longer it is psihologicaly easer to hold trade,without pivots we see 1000 S/R and want to quit trade.if we use daily atr like TP we never got good RR.For now I start to read whole thread,it take some time if I want understand basic principles.I want to thank Davit for starting t thread and help people.Question to Davit do you use Supdem zones for analizing market?my englis is bad maybe no one understand what I am try to say
  • #5,987
  • Jan 11, 2017 6:51am Jan 11, 2017 6:51am
Quoting piptime
AUD/JPY pullback and then consolidation. Will more then likely head back to retest the R61. audjpy-h1-forex-capital-markets.png;2134444 {image}
AUD/JPY hit R61 and then reversed. Took profits right at the close of last candle. This has also formed a double top if you are looking at structure.

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-h1-forex-capital-markets.png Size: 78 KB
  • #5,988
  • Jan 11, 2017 6:56am Jan 11, 2017 6:56am
Quoting Tamarind77
{quote} No, not about that. Lets wait Davit with explanation. Its about fundamentall thing in my opinion, which many here dont give attention about that, many here only focus on technical thing. Example: Which you will do, better selling UCAD or buying UCAD? Fundamentally.
Hi T
Everything depends on value
UC shorting at 36 makes sense buying does not. EA buying now makes sense selling not.I agrere that I make decisions on pairs in direction almost same.I rarely if ever went long on UC or AC but always shorted both and always won.Once again value.
regards
In trading, you have to be defensive and aggressive at the same time
  • #5,989
  • Jan 11, 2017 6:56am Jan 11, 2017 6:56am
Setups everywhere this week. Check out GBP/NZD pull back to S78 with divergence. I labeled the divergence with white arrows for those who are new to it.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd-h1-forex-capital-markets.png Size: 72 KB
  • #5,990
  • Jan 11, 2017 6:58am Jan 11, 2017 6:58am
Quoting ficibald
{quote} aud short {image}
You have been removed from this thread.Read page 1
In trading, you have to be defensive and aggressive at the same time
  • #5,991
  • Jan 11, 2017 6:59am Jan 11, 2017 6:59am
Quoting Rocky007
It's time {image}
You have been removed from this thread.You have been warned.
Read page 1
In trading, you have to be defensive and aggressive at the same time
  • #5,992
  • Jan 11, 2017 7:04am Jan 11, 2017 7:04am
Listen guys either you trade this system the way its laid out or you don't.Simple as that.I don't care about your knowledge of other systems methods etc.
This thread is not going to get diluted with shit.I have seen several system threads where page 1 looks 100% different then page 100 and people can't make sense what is happening.
This really upsets me.Carry on!

Carney speaking at 9am and might move G pairs.Which way hard to say.I am deducing recent good economic data on UK should be positive spin for Carney.
In trading, you have to be defensive and aggressive at the same time
  • #5,993
  • Jan 11, 2017 7:06am Jan 11, 2017 7:06am
Quoting Davit
Listen guys either you trade this system the way its laid out or you don't.Simple as that.I don't care about your knowledge of other systems methods etc. This thread is not going to get diluted with shit.I have seen several system threads where page 1 looks 100% different then page 100 and people can't make sense what is happening. This really upsets me.Carry on!
Davit did you close ea positions or are you still managing them? I hold the positions but i am afraid
  • #5,994
  • Jan 11, 2017 7:11am Jan 11, 2017 7:11am
Let me elaborate little more on Rocky's volume charts he posted.
What did we learned from Mark Douglas? There are DYNAMIC traders that have the resources to move price!Do retail traders able to move price? No! Does volume coming from retail positions mean anything? No it means nothing.You can have retail spike in one direction and price move another why? Because retail traders don't move price guys!Volume you get on mt4 is useless!
In trading, you have to be defensive and aggressive at the same time
  • #5,995
  • Jan 11, 2017 7:14am Jan 11, 2017 7:14am
Quoting MoneyTalks58
{quote} Davit did you close ea positions or are you still managing them? I hold the positions but i am afraid
My positions are open because I keep my lots small.You must have a cut out point.You can always reduce by 25% wait and see or get out totally.Based on my system price is at 78S and should bounce north.
You should never fear the market! When you are afraid means your positions are too big vs account.
In trading, you have to be defensive and aggressive at the same time
  • #5,996
  • Jan 11, 2017 7:27am Jan 11, 2017 7:27am
AC
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,997
  • Jan 11, 2017 7:50am Jan 11, 2017 7:50am
Quoting Davit
Let me elaborate little more on Rocky's volume charts he posted. What did we learned from Mark Douglas? There are DYNAMIC traders that have the resources to move price!Do retail traders able to move price? No! Does volume coming from retail positions mean anything? No it means nothing.You can have retail spike in one direction and price move another why? Because retail traders don't move price guys!Volume you get on mt4 is useless!

Thanks for saying this, I've believed this for a very long time. We are just along for the ride. We pick the best spots we can, we try get an edge, but we don't move markets.
  • #5,998
  • Jan 11, 2017 8:02am Jan 11, 2017 8:02am
Quoting Davit
{quote} Hi T Everything depends on value UC shorting at 36 makes sense buying does not. EA buying now makes sense selling not.I agrere that I make decisions on pairs in direction almost same.I rarely if ever went long on UC or AC but always shorted both and always won.Once again value. regards
Thanks Davit, Im glad to read your answer.
My question came up because, i do research on your post, and i found only short on 5 pairs, and only buy on 2 pairs, and i read it about fundamentall thing.

Once again thanks Davit
Regards
I know one thing, that I know nothing - Socrates
  • #5,999
  • Jan 11, 2017 8:23am Jan 11, 2017 8:23am
This are just my 7th trades using your system. 4 wins, 1 loss so far. I'm still practicing how to spot trades based on your instruction. Saw this pair bouncing off R100 with that gap 857-858 area. H1-H4 TDI are pointing south. Are my reading and trades in order according to your system?
Attached Image (click to enlarge)
Click to Enlarge Name: EG.png Size: 356 KB
  • #6,000
  • Jan 11, 2017 8:27am Jan 11, 2017 8:27am
Oh Davit, once again,
What if price reach 110% ADR20 but "DOL" not far from 61-100, says from "DOL" only 50% ADR20 to the 61-100?
that means probability price to revese is not great. Are you still take trade at 61-100 if there have rejection on the left?
Regards.
I know one thing, that I know nothing - Socrates
13 traders viewing now