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Pivot Trading

Quoting Davit
EU still uptrend once you place the pivot you can see WP close to 700 resisting further decline {image} {image}

Really? What do you think now?
Quoting AmeriTrini
{quote} Really? What do you think now?
you do realize I posted that 3hrs ego right? I hope you are not an idiot and don't assume I have magic ball and know the future
lets make it clear to you and others. I don't know the future!! but I don't need to know the future to make money and that's the whole point of trading!Its just probabilities
In trading, you have to be defensive and aggressive at the same time
Daily pivot rules. Cut proift early as always. That is my bad. However, profit is profit.
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Closed +50 pips on EU and have 1 ticket still going on with +66 pips.
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quick profits today thanks to USD.
"Letting losses run is the most serious mistake made by most investors."W.O
[quote=Davit;9484388]{quote} please pay attention to PA You started shorting before PA got to 61 then before 78.

Hi Davit,
Sorry i didn't give an explanation earlier, trading whilst at work.

Here's how my GU trade went down....
WR61 level placed short trades [24th], price reversed and went long, price reached the
WR 78 level placed more short trades [25th], priced continued long, when price reached
1.26601 placed more short trades [26th], presently on a positive +328pips...

Please correct me if my trade placements were wrong according the above. I would highly appreciate your input.
I took note of the huge DD on this trade but I only let it reach that stage because I had a few good trades in the positive covering the DD.

Thank you Davit.
Keep an eye on the Dollar Index guys
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mraam , your post#6251 , I am 100% in belief of your perspective .

No Administration , before Trump's , had the intestinal fortitude to SAY AND DO WHAT HE SAID HE WAS GOING TO DO !!

PRESIDENT TRUMP is calling EVERYONE OUT to account for what they have been doing in their Government Careers and the TRUTH IS KILLING THEM !!!
"Define the risk OUT of your trade"--Mark Douglas
Quoting sniperdebt
{quote} Big Thanks Davit. Possible H&S on EG. I'll be watching highlighted(neckline) areas closely. still running on USDCHF. {image} {image}
UPDATE : EG, UCHF still watching S100 & S78 reaction.

long term trade added XAUUSD, nice PA behavior R100 & S38 { zero risk}

Watching this pairs closely : GU,EU,AU { R100-R138 }
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Quoting Davit
{quote} Most bikers are passionate people about anything with 2 wheels so its fine. Nice bike! Yes way over the top powerful that you can't even use 10% of it on streets without getting in jail. There is a good comparison with trading and riding a motorcycle.When you ride a bike you are in defensive mode.You always assume a person will make that left turn in front of you or do something stupid with 5k pound steel hence you always look driver's eyes not the car. Same in trading the market is huge therefore a retail trader can do is watch signs that...
Thanks Davit, I'm glad you have not came off hard yet in all that time it usually sucks major balls ! I miss that bike with all my heart! I will certainly buy another one soon although I have to feed my piggy bank for a season or 5 first toys are expensive and the worst investment usually..Anyways I like the analogy you make here it makes most perfect sense! Haha The yellow screen does not bother me too much as I only check my laptop mt4 a few times a day at most sometimes I even skip a day, market opening/ early Monday I usually check the major pivot reaction zones (61-100) on the pairs of interest and remember that price zone/s. Sometimes I put in limit orders sometimes I execute manually depends on how much time I have. From there on I mainly operate on my mobile mt4 which is not yellow (set on default black on white) Prior to making use of your system I actually only used my mobile mt4 for years! No indicators. I think the longer I trade this system the more I will use my windows mt4 + will probably get tired of the yellow and change it to something less eye piercing. Cheers
Davit I put a scrip that can be of help for many people.
Place 3 orders at once, you can set the size, stop and profit.
It would be nice if some programmer can be added more than 3 positions at a time and you can also enable and disable the stop. I think it's interesting. For this trade PA.
Attached File(s)
File Type: mq4 DROP_PENDING_BUY.mq4   2 KB | 564 downloads
File Type: mq4 DROP_PENDING_SELL.mq4   2 KB | 543 downloads
[quote=GreenEarth;9481719]atraderfx !!!!!! oh have you ever made my day !!!! watching the 1st video right now , awesome !!!! thanks a ton !!! May all your trades be profitable ones !!! I love this site , Forex Factory , so many helpful people !!! Cheers atraderfx !![/quotehi
I agree Mark Douglas videos and books are great changed how I viewed trading the other book which Davit recommended and there is a link on this tread or maybe Davit will re post is Psycho Cybernetics. A must read to start understanding oneself.
Thank you Ibar51. Psycho Cybernetics is now on my must read list ! I wish you consistent success with your trades. Cheers.
"Define the risk OUT of your trade"--Mark Douglas
Nice PA on CAD JPY around R100, building shorts.
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Hi Davit,
Closed my GU trade in a positive...
Thanks
have a lovely week end.
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http://opendemocracy.net/nafeez-mosa...m-he-s-symptom
Quoting forexday
Closed my GU trade in a positive... Thanks have a lovely week end. {image}
I'm glad this trade ended in your favour!
Hi Davit!
I live in different timezone, had to deal with inserting week open and close dates for weekly pivots, as I understand that must be done every week manually, that is not handy.
I don't know if there is update that does this automatically, but I modified your pivot indicator which was in the beginning of this Thread.
Thanks for this Thread, it's great!
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If you want to use automatic time adjustment then turn brokers candle to false(as previously) , autoTimeAdjustment to true and set timeZoneOfData to timezone(GMT) which you want to see.
Attached File(s)
File Type: mq4 Davits Pivot V3.mq4   25 KB | 364 downloads
File Type: ex4 Davits Pivot V3.ex4   43 KB | 347 downloads
Know thyself
EA and AJ always on DD ( consequent one) .
Meanwhile i got +140 pips on GU
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"Letting losses run is the most serious mistake made by most investors."W.O
Quoting fxanalysis
Hi Davit! I live in different timezone, had to deal with inserting week open and close dates for weekly pivots, as I understand that must be done every week manually, that is not handy. I don't know if there is update that does this automatically, but I modified your pivot indicator which was in the beginning of this Thread. Thanks for this Thread, it's great! Screenshot2.png;2160208 If you want to use automatic time adjustment then turn brokers candle to false(as previously) , autoTimeAdjustment to true and set timeZoneOfData to timezone(GMT) which...
To the ones who downloaded the autoTimeAdjustment,
Please do some tests and check if indicator is getting the right zone and draws the correct weekly pivots,
Thanks.
Know thyself
Quoting fxanalysis
{quote} To the ones who downloaded the autoTimeAdjustment, Please do some tests and check if indicator is getting the right zone and draws the correct weekly pivots, Thanks.
Hi, maybe can rename it to another file so that it doesn't get mixed up with the original.
Thanks
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JoseRoberto