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Pivot Trading

  • #7,381
  • Feb 24, 2017 12:20pm Feb 24, 2017 12:20pm
Quoting fibo38
Finish!!!!!!!!!!!!!!!!!!!!!!!!!!!!! {image}
Great job. Huge win..!
Invest in Life
  • #7,382
  • Feb 24, 2017 12:20pm Feb 24, 2017 12:20pm
Quoting fibo38
{image}
Good call!
  • #7,383
  • Feb 24, 2017 12:24pm Feb 24, 2017 12:24pm
Seems to be the second half of the week where it kicks off once price has made its way up to the 61 +
  • #7,384
  • Feb 24, 2017 1:00pm Feb 24, 2017 1:00pm
Does anyone trade USDSGD? Looks like over extended to the down side
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Fall seven times, stand up Eight! #GGMU
  • #7,385
  • Feb 24, 2017 1:27pm Feb 24, 2017 1:27pm
Quoting Scrambleguy
Seems to be the second half of the week where it kicks off once price has made its way up to the 61 +
I've noticed the same. Generally mild action on Monday unless carrying from previous week. I've noticed entry opportunities start to come in Tuesday and Wednesday with take profit Thursday and Friday.
  • #7,386
  • Feb 24, 2017 1:33pm Feb 24, 2017 1:33pm
Quoting billsmith
EC - got 40pips so far - takeprofit will give me 90 more pips Have a good weekend everyone. {image}
122 pips overall - got out because of the doji and because it is the weekend coming up....
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Fib(onacci) my way to glory
  • #7,387
  • Feb 24, 2017 3:02pm Feb 24, 2017 3:02pm
This week....slower than last week due to my entering before setup and holding DD till next week. Will not commit the same mental mistake next week.

Still a winning week. That is how powerful and profitable this method is. That even with my mistakes I still am profitable. Will try the observations above by Scrambleguy and csternfx I did notice that this week as well.
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Invest in Life
  • #7,388
  • Feb 24, 2017 3:11pm Feb 24, 2017 3:11pm
hi devit how can i use this.. When i will entry
pls tell me
  • #7,389
  • Feb 24, 2017 3:19pm Feb 24, 2017 3:19pm
Quoting fakhrul
hi devit how can i use this.. When i will entry pls tell me
Please read page 1 and read through the thread...if not you risk being banned. Like the rest of us you need to do your homework...trust me this is for your own good and you will benefit greatly from it.

Wish you well
Invest in Life
  • #7,390
  • Feb 24, 2017 3:53pm Feb 24, 2017 3:53pm
Well, despite the horrendous draw down I had because I input the wrong position size I'm out of A/U with 435 pips. Only 3 of these were a loss, all less than 10 pips. Definitely started building too early. Glad to have this work out, not going to be trading until the end of march now.
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  • #7,391
  • Feb 24, 2017 4:03pm Feb 24, 2017 4:03pm
Quoting fakhrul
hi devit how can i use this.. When i will entry pls tell me
Read the first page over and over and over till you understand.
  • #7,392
  • Feb 24, 2017 4:07pm Feb 24, 2017 4:07pm
Quoting fakhrul
hi devit how can i use this.. When i will entry pls tell me

As Mundo said, read from page one....most answers are there. Watch videos and follow successful posters. Do your HOMEWORK!!! If you have technical questions about setting up your charts, you will get help, but READ first.

Closing out all trades for the weekend except some leftover A/N in manageable DD. About to finish off these remnants of some A/U entered too early. One problem with entering too early is it uses up margin that could have been applied at the correct levels, resulting in better profits. AU proved this point this week. I need to work on more patience on my entries. But as others commented above, Thursday and especially Friday bring pairs back to earth. I noticed last week that many pairs finished the week on WP. I had another great week, and have absorbed some more lessons. Examples after just quick glance across some pairs now finishing on or near WP......A/U and A/N dropped below W.P in last few minutes of trade, N/U, A/C, U/C, G/U all finished very near W.P.

Cheers and Beers
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  • #7,393
  • Feb 24, 2017 4:22pm Feb 24, 2017 4:22pm
Quoting Blackopal
{quote} As Mundo said, read from page one....most answers are there. Watch videos and follow successful posters. Do your HOMEWORK!!! If you have technical questions about setting up your charts, you will get help, but READ first. Closing out all trades for the weekend except some leftover A/N in manageable DD. About to finish off these remnants of some A/U entered too early. One problem with entering too early is it uses up margin that could have been applied at the correct levels, resulting in better profits. AU proved this point this week. I need...

I've noticed that, most of the setups I take seem to be in the latter half of the week too.
  • #7,394
  • Feb 24, 2017 5:26pm Feb 24, 2017 5:26pm
Quoting Rub
{quote} I've noticed that, most of the setups I take seem to be in the latter half of the week too.

I started building positions too soon. I made first entries that went against me, which was not a problem, but I should have waited longer before next entries. With A/N and A/U I could not take many high level entries because I used ammo too early. I came out in front on both pairs, but should have done better. Another consequence of this mistake was that although I made VERY good entries on A/C and A/J, I cut profits early because I wanted to reduce overall exposure to Aussie shorts. A/C and A/J both nailed my initial targets, but I wasn't on the bus when it got there. These were good mistakes though, because I have taken the lesson on board, AND I came out on the other side with profit.

I took an E/A long at the three and a half year low on Wednesday but shortly afterwards closed it because I think E/U is likely to test it's low of around 1.034. With the A/U running strong at the time, I chickened out. But news, iron ore price, etcetera seem at times to have a mystical way of balancing to make these historical S/R levels balance. I'll be watching these pairs with interest next week. This really is an incredible trading method! Look at the last few candles on this 4HR EA chart. Pivot Point to Pivot Point. S38 support, resistance, support..... weekly close S38. It couldn't hold the W.P.
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  • #7,395
  • Feb 24, 2017 6:19pm Feb 24, 2017 6:19pm
Blackopal I did pretty much the same thing, although I was only in A/U. You can see in the chart I posted above I started getting in way too early, and although I could have added more positions at the high near R61 I chickened out as I was getting close to my $ risk. The main thing is we've both identified it as a flaw in our trading and we can work on it.
  • #7,396
  • Feb 24, 2017 11:36pm Feb 24, 2017 11:36pm
Nice finish Fibo
"You know what needs to be addressed , completely completely reverse that".
  • #7,397
  • Edited Feb 25, 2017 12:24am Feb 24, 2017 11:50pm | Edited Feb 25, 2017 12:24am
Nice to see lot of you making money
My best advise is learn the system and improve yourself.Write down mistakes go over them exercise restrain and overall show commitment to get better.
Trading is much like Chess.If you don't push yourself to get better you will be on same level as always and repeating same mistakes as always.Got to break your shell and challenge yourself.If your issue is early entry then work on it! Show patience and resolution to get better!
Having said above its also important to understand that every trade contains X factors that you simply don't know.It only becomes more focused after the fact hence pad your back for achieving profitable week, a month.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #7,398
  • Feb 25, 2017 12:41am Feb 25, 2017 12:41am
Quoting jeffm
After 3 weeks with Davits method I continue to be amazed. Of the 12 pairs I had open, there were 16 times that price went from s/r back to the pivot. If you waited for price to get to the 61 s/r you get 9 successful trades with less DD. If you wait for price to get to the 100 s/r you get 4 trades with almost zero DD !!!! I didn't take all of them of course but there are ample trades to satisfy any pip chaser. Thanks Davit. {image}
Yes and I am still amazed at opportunities this system presents..serendipity of years of my hard work.
In trading, you have to be defensive and aggressive at the same time
  • #7,399
  • Feb 25, 2017 12:46am Feb 25, 2017 12:46am
Quoting lisat
{quote}Excellent excellent work Davit
thank you my friend. Wish you same success!
In trading, you have to be defensive and aggressive at the same time
  • #7,400
  • Feb 25, 2017 4:10am Feb 25, 2017 4:10am
my first week with real acc look very good to me, it all because davit rules. million thanks to davit for bringing such a great system
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