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Pivot Trading

  • #6,061
  • Jan 15, 2017 5:17pm Jan 15, 2017 5:17pm
Quoting Davit
This chart demonstrate how this system should be traded. 61R watch PA watch TDI once it starts going south get in.It's simple as that. If you can't understand then you are not ready don't waste my time. {image}
Davit, at which candle would you have entered? I am only a beginner with this system.
  • #6,062
  • Jan 15, 2017 5:18pm Jan 15, 2017 5:18pm
Usd index looking to dip.. you guys may want to look for longs on other currencies against the dollar
  • #6,063
  • Jan 15, 2017 5:23pm Jan 15, 2017 5:23pm
Quoting Tamarind77
{quote} Hi shimmering, Im try to help, OANDA NY Day start at 5 pm NY time. And this is AUD chart from OANDA. I believe Davit chart same as this. AUDUSDH1.png;2136405 {image}
Thank you. So then my chart times are the same. - day finishing at end of 4 pm candle and next day starting at start of 5 pm candle NY.
  • #6,064
  • Jan 15, 2017 5:47pm Jan 15, 2017 5:47pm
Quoting GreenEarth
mraam , WOW !!! I mean WOW !!!! I am going to subscribe to you and I am definitely going to start following the GBP/USD !!!
Thanks GreenEarth. There is a lot of info in this thread, most if it are valuable insights and trade ideas that Davit was generous enough to share. If you keep reading further you will find trade ideas and insights from others as well. Keep reading and practicing.

Quoting Davit
{quote} Excellent trading buddy! note to new traders notice M is keeping his lots small.That's the key stress free trading and building equity quickly.Sounds contradictory how can one build equity with small lots quickly? By piling them on! but always keeping reserves. Almost 100% of rookie account balance blow outs are attributed to leverage and lot sizes.Most don't understands leverage and lot size hence lose when market does its typical spikes cheers Still short on UJ and got others running as well
Thanks Davit. Your insights on certain pairs are simply superb. One of my fav Teacher's!

Cheers
MR
Silence your Ego & Your Power will Rise
  • #6,065
  • Jan 15, 2017 6:10pm Jan 15, 2017 6:10pm
Last trade previous week.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1130117.png Size: 36 KB


Its gone back down,

There was news this morning that the Banking Sector was downgraded to a negative rating, not too sure if its a market mover, but certainly EA is in an interesting area.

Cheers

MR
Silence your Ego & Your Power will Rise
  • #6,066
  • Jan 15, 2017 7:39pm Jan 15, 2017 7:39pm
mraam , thank you for the advice. I cannot believe the wealth of experience on this site and the fact that traders are serious about this business.
"Define the risk OUT of your trade"--Mark Douglas
  • #6,067
  • Jan 15, 2017 8:53pm Jan 15, 2017 8:53pm
EA still a potential large move up out of accumulation zone..Don get suckered into a short only if you gona scalp...look for markup....Its may go down first but its going up long term...Be warned!
  • #6,068
  • Edited Mar 14, 2018 10:10am Jan 15, 2017 10:17pm | Edited Mar 14, 2018 10:10am
Quoting shimmering
{quote} Davit, at which candle would you have entered? I am only a beginner with this system.
Hi Shimmering
before we get into why's its extremely important that you watch Mark Douglas videos on trading.Its important you understand where I am coming from.
unfortunately the video series was deleted from you tube If someone has under different name please post it.
{ copyrighted attachment deleted by staff }
Trading in the Zone PDF please read it.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #6,069
  • Jan 15, 2017 11:12pm Jan 15, 2017 11:12pm
Inserted Video

Serj Tankian - Deafening Silence
In trading, you have to be defensive and aggressive at the same time
  • #6,070
  • Jan 16, 2017 12:36am Jan 16, 2017 12:36am
Quoting Davit
{quote} Hi Shimmering before we get into why's its extremely important that you watch Mark Douglas videos on trading.Its important you understand where I am coming from. unfortunately the video series was deleted from you tube If someone has under different name please post it. http://www.forexfactory.com/attachme...mentid=1357438 Trading in the Zone PDF please read it. cheers
Hi Davit,

I spent hours looking for the DVD series online and finally found it. It cost me $99 USD to buy the physical DVD set but I must say it was the best investment I have made. I cannot thank you enough for letting us know about it.

It is called How To Think Like a Professional Trader by Mark Douglas 4 DVDs with Trading Journal

Regards
Razor
  • #6,071
  • Jan 16, 2017 3:04am Jan 16, 2017 3:04am
Quoting mraam
Last trade previous week. EURAUDH1130117.png;2141184 Its gone back down, There was news this morning that the Banking Sector was downgraded to a negative rating, not too sure if its a market mover, but certainly EA is in an interesting area. Cheers MR {image}
In which country was thus news?
  • #6,072
  • Jan 16, 2017 3:08am Jan 16, 2017 3:08am
Quoting Diverge
EA still a potential large move up out of accumulation zone..Don get suckered into a short only if you gona scalp...look for markup....Its may go down first but its going up long term...Be warned!
I see r seems as t support. Woukd you post the chart. I am only in my phone at the moment.
  • #6,073
  • Jan 16, 2017 4:58am Jan 16, 2017 4:58am
Hi davit, I've read this thread but still confuse how to setup H1 Start/Finish Candle.
I ask my broker support admin they said that broker use GMT -2.

I do need help for this.

regards
Attached Image (click to enlarge)
Click to Enlarge Name: ss02.png Size: 63 KB
Never Ending Learning
  • #6,074
  • Jan 16, 2017 7:19am Jan 16, 2017 7:19am
Razor864 , I really like the way Davit is blunt , in the caring sense. Where did you find the Mark Douglas DVD's , and , WHY do you feel the purchase was the best thing you have done ? Personally , I am 100% serious about my trading,and I have been weeding out the good and the bad one's , which suit my personality.
"Define the risk OUT of your trade"--Mark Douglas
  • #6,075
  • Jan 16, 2017 7:39am Jan 16, 2017 7:39am
Quoting GreenEarth
Razor864 , I really like the way Davit is blunt , in the caring sense. Where did you find the Mark Douglas DVD's , and , WHY do you feel the purchase was the best thing you have done ? Personally , I am 100% serious about my trading,and I have been weeding out the good and the bad one's , which suit my personality.
Hi Green Earth. I purchased from a website called


http://www.traderdvds.com/ it does not appear to be working any more unfortunately. Hopefully it will be up again soon.

What I have realised over the years is that basically any trading strategy can and will only work if you have the right mindset. Without the right trading mindset you just won't make money. I am not going to delve into what Mark teaches but if you cannot find the DVD set his book trading in the zone is excellent and brings the point across as well.

regards
razor
  • #6,076
  • Jan 16, 2017 7:46am Jan 16, 2017 7:46am
Razor864 thank you for the immediate reply. May you have a great trading year !!
"Define the risk OUT of your trade"--Mark Douglas
  • #6,077
  • Jan 16, 2017 8:04am Jan 16, 2017 8:04am
Quoting Firmanullah
Hi davit, I've read this thread but still confuse how to setup H1 Start/Finish Candle. I ask my broker support admin they said that broker use GMT -2. I do need help for this. regards {image}

Please I think you should read the thread, your question has been dealt somewhere in the thread. I promise you wont regret reading the whole thread.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #6,078
  • Jan 16, 2017 9:46am Jan 16, 2017 9:46am
took this trade before going to work this morning.
action reaction at R38, great support level even there is negative pressure on GBP ( this is why i moved the stop to BE. )
Closed half my tickets on a 120 pips profit.

Waiting for it to reach Pivot, but the market is slow today.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_807.png Size: 71 KB
"Letting losses run is the most serious mistake made by most investors."W.O
  • #6,079
  • Jan 16, 2017 1:47pm Jan 16, 2017 1:47pm
Quoting shimmering
{quote} In which country was thus news?
You are removed from this thread.I tried to help you but had no acknowledgement of my post to you what so ever.
Hope you find what you are looking.Ironic part is I wished someone stirred me in right direction way earlier...but with everything you must be ready to receive.
To answer your original question its on my 1st post!It has always been there.
"I trade 15-30min charts however bigger works as well." natural deduction is I look at 15-30min candles but do look at larger TF as well.
In trading, you have to be defensive and aggressive at the same time
  • #6,080
  • Jan 16, 2017 2:58pm Jan 16, 2017 2:58pm
Davit,

I have been following your posts for about 6 months and really appreciate the time and effort you put into them.

Question - in addition to a very structured style of trading you also have a really good understanding of the fundamentals and how the different pairs interact and effect each other. Are there a couple of sources you follow or would recommend to help someone to gain type that insight into the fundamentals ?

Thanks,

Kirt
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