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Pivot Trading

  • #6,421
  • Jan 31, 2017 11:47pm Jan 31, 2017 11:47pm
Quoting Tamarind77
January 2017 only screenshot--2017-02-01-09-05-58.png;2166043 {image}
Great Job T
you are becoming real good at pivotscontinue on
You are a good example why sticking with this for 3 months is worth the time.Your results speak for themselves plus with each month you are gaining insight
In trading, you have to be defensive and aggressive at the same time
  • #6,422
  • Jan 31, 2017 11:50pm Jan 31, 2017 11:50pm
Quoting ayokidy
{quote} 61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone. would you please to explain it with chart? and you are usually trade in daily TF? did you take your entry in pending order or after/before candlestick has done?
This thread might be too much overload for you.Respect my demands on page 1.If you have less then 2yrs experience then please try something else or I will be forced to remove you myself.
Practice at reading 1st.Read my 1st page.Pause and think and practice on demo and get an understanding. Not going to spoon feed you because obviously you have not read even 5% of this thread.
In trading, you have to be defensive and aggressive at the same time
  • #6,423
  • Jan 31, 2017 11:53pm Jan 31, 2017 11:53pm
Added small longs on the AN dip might move the sl to be on them depending on pa, NZD unemployment served AN well, lets hope she gets off the 1.04 perch this week.
Hope everyone has a good day
Attached Image (click to enlarge)
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  • #6,424
  • Jan 31, 2017 11:55pm Jan 31, 2017 11:55pm
Quoting Davit
{quote} Great Job T you are becoming real good at pivotscontinue on You are a good example why sticking with this for 3 months is worth the time.Your results speak for themselves plus with each month you are gaining insight
Many thanks Davit
all of this, come back to you Davit
I know one thing, that I know nothing - Socrates
  • #6,425
  • Jan 31, 2017 11:58pm Jan 31, 2017 11:58pm
With red data on NZD my positions on AN longs becoming lot more solid.Will be holding for minimum 530 61R
EA finally breaking north.
In trading, you have to be defensive and aggressive at the same time
  • #6,426
  • Jan 31, 2017 11:58pm Jan 31, 2017 11:58pm
Quoting Davit
{quote} This thread might be too much overload for you.Respect my demands on page 1.If you have less then 2yrs experience then please try something else or I will be forced to remove you myself. Practice at reading 1st.Read my 1st page.Pause and think and practice on demo and get an understanding. Not going to spoon feed you because obviously you have not read even 5% of this thread.
Yes davit,,my apologize,,
I will read it again.
Thanks
  • #6,427
  • Feb 1, 2017 12:03am Feb 1, 2017 12:03am
Quoting Tamarind77
{quote} not same here, your pivot have big different around 20 pips compare to Davit chart. if you want to adjust, use Davit Pivot. Why you use pivot voty? EURNZDDaily.png;2166191 {image}
I used davit pivot and pivot voty too..and the result is same.
I used pepperstone, but if use oanda likely davit is match pivot.
And i set gmt -5 still didnt match.
Maybe any help?
  • #6,428
  • Feb 1, 2017 12:04am Feb 1, 2017 12:04am
Quoting Tamarind77
{quote} you see my picture? that is clearly long.
yes, that is what i thought
  • #6,429
  • Feb 1, 2017 12:07am Feb 1, 2017 12:07am
people ask me lot of questions about lot sizes.
Let me give you an example what I do.what is important is how much free margin you have and how much exposure you have from ongoing trades.
example you have 10k account and you have 5% DD which consumed 2k margin so you really have 7.5k free margin to place trades.In this scenario you should not exceed total positions more then 5dollar a pip. If you break up 5dollar a pip to .50 lots you got 10 .5 positions to work with and that's great risk reward ratio.
I hope this helps.Above assumes you have lowest leverage.

Why is this important?
Well average retail trader losses because market is designed to fuck you up.In order for banks to get their orders fill they push price to extremes taking out weak longs/shorts then go opposite direction. AN example today if you had traditional hard stop you were taken out! and you will be pulling your hair now because price rebounded in your direction without you.
BY trading small you are in fact trading like a bank.Your SL becomes wider SAFER hence overall edge lot more winnable.
This is hard for me to explain but people who have traded my system already know what I am talking about.Think like a bank trade like a bank.
In trading, you have to be defensive and aggressive at the same time
  • #6,430
  • Feb 1, 2017 12:13am Feb 1, 2017 12:13am
Quoting Davit
{quote} welcome lots of Aussies here mate download indicators and template and focus on perfecting the method
thank you for the welcome. I see there is Davit Pivot V3 auto adjustment and Pivot
voty. Which one should I use?
  • #6,431
  • Feb 1, 2017 12:20am Feb 1, 2017 12:20am
Quoting sagi
{quote} thank you for the welcome. I see there is Davit Pivot V3 auto adjustment and Pivot voty. Which one should I use?
does not matter as long as pivots are in sink
In trading, you have to be defensive and aggressive at the same time
  • #6,432
  • Feb 1, 2017 12:28am Feb 1, 2017 12:28am
Quoting Davit
people ask me lot of questions about lot sizes. Let me give you an example what I do.what is important is how much free margin you have and how much exposure you have from ongoing trades. example you have 10k account and you have 5% DD which consumed 2k margin so you really have 7.5k free margin to place trades.In this scenario you should not exceed total positions more then 5dollar a pip. If you break up 5dollar a pip to .50 lots you got 10 .5 positions to work with and that's great risk reward ratio. I hope this helps.Above assumes you have lowest...

I noticed when I did my first trade using small multiple entries, it helps with mindset too. Instead of thinking "oh no, it's going against me" it's more of a "awsome, I can get a better entry!".

Looking at AUD/JPY as a long, but 1hr looks a little too wicky on the upside for me at the moment.
  • #6,433
  • Feb 1, 2017 12:44am Feb 1, 2017 12:44am
Quoting Rub
{quote} I noticed when I did my first trade using small multiple entries, it helps with mindset too. Instead of thinking "oh no, it's going against me" it's more of a "awsome, I can get a better entry!". Looking at AUD/JPY as a long, but 1hr looks a little too wicky on the upside for me at the moment.
Yes that's part of my system wider price capture.

Lot what I share I took from great books and traders and refined made my own.Multiple entries obviously not new but proper lot size is crucial.
When you do it every week months it becomes normal when others panic I am relaxed composed focused.Got to think how to beat the pink elephant in the room which has the power to move price.You are not going to beat it with trend lines and most traditional trading methods.No because pink elephants already figured your weaknesses and they are coming after you!
I simple terms trading is basically about survival.If you place 20-50pip SL as trading rule you will get drained slowly until your funds are depleted.Trick is confronting this with smaller agile lots that can take advantage of the moves that are designed to take typical retail trader out.
Everything else is just probabilities but you must create the conditions for probability edge to work for you hence my system.
In trading, you have to be defensive and aggressive at the same time
  • #6,434
  • Feb 1, 2017 1:25am Feb 1, 2017 1:25am
Good morning all,
I'm in 3 trades since yesterday.
NU +452
NJ +335
UC +412
Thank you.
  • #6,435
  • Feb 1, 2017 2:24am Feb 1, 2017 2:24am
Last week was my first week with this strategy, really like it. Made two trading errors but still managed to make 7%.
Thanks Davit!
Know thyself
  • #6,436
  • Feb 1, 2017 3:09am Feb 1, 2017 3:09am
Quoting Tamarind77
{quote} not same here, your pivot have big different around 20 pips compare to Davit chart. if you want to adjust, use Davit Pivot. Why you use pivot voty? EURNZDDaily.png;2166191 {image}

What broker uses ?
  • #6,437
  • Feb 1, 2017 3:14am Feb 1, 2017 3:14am
Quoting fibo38
{quote} What broker uses ?
OANDA NY
I know one thing, that I know nothing - Socrates
  • #6,438
  • Feb 1, 2017 3:21am Feb 1, 2017 3:21am
Quoting ayokidy
{quote} hi tamarind77.. my chart is different with you? my pivot didnt match with you chart? can you fixed it? i used pivot voty {image}
Here is latest version of Davits pivots with automatic timezone adjustment.
http://www.forexfactory.com/showthre...83#post9494183
Know thyself
  • #6,439
  • Feb 1, 2017 4:02am Feb 1, 2017 4:02am
Quoting fxanalysis
{quote} Here is latest version of Davits pivots with automatic timezone adjustment. http://www.forexfactory.com/showthre...83#post9494183
Oh thank you.
What is time GMT set -5 or -6?
  • #6,440
  • Edited 5:02am Feb 1, 2017 4:09am | Edited 5:02am
Quoting FxProsper
Added small longs on the AN dip might move the sl to be on them depending on pa, NZD unemployment served AN well, lets hope she gets off the 1.04 perch this week. Hope everyone has a good day {image}
I had to close out my AN longs +185pips, would love to hold on to them for longer but need the banked pips for lunch money, I literally rely on small consistent withdrawals, fortunately all my margin is free now for fresh rounds of price hunting!
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