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Pivot Trading

  • #7,461
  • Feb 27, 2017 12:36pm Feb 27, 2017 12:36pm
Quoting braveh4rt
UJ Long from S38 line closed just now, price going up to pivot ... like a magnet..and closed with +120 pips {image}
SHOT
Attached Image (click to enlarge)
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+
  • #7,462
  • Edited 1:14pm Feb 27, 2017 12:36pm | Edited 1:14pm
Quoting jmn5611
This chart looks good. The bears are trying to defend R38. {image}
on short also, on daily pivot it ht R78 already, so now way to got its go to 100 pivot Daily.

My TP is Daily Pivot .

Attached Image (click to enlarge)
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update: and TP closed 20 pip only..

Attached Image (click to enlarge)
Click to Enlarge Name: EU28.2.17.ShortR38PivotTP20.png Size: 40 KB
Look for it and you will find it
  • #7,463
  • Feb 27, 2017 10:40pm Feb 27, 2017 10:40pm
Hi davit and everyone.
What do you think on EC ?
  • #7,464
  • Feb 27, 2017 11:37pm Feb 27, 2017 11:37pm
Quoting settavut0
Hi davit and everyone. What do you think on EC ?
hi settavut0

im short on it From R78 probably going to R38.
on Daily pivot also hit R38.

Attached Image (click to enlarge)
Click to Enlarge Name: EC28.2.17.ShortR78Pivot.png Size: 40 KB
Look for it and you will find it
  • #7,465
  • Feb 28, 2017 3:00am Feb 28, 2017 3:00am
As per my understanding of price action, Eur is now exhausted and no have no more strength to push up So, I jump in.. lets see how many green pips I can have from this pair at this time
Attached Image (click to enlarge)
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Jakepuia
  • #7,466
  • Feb 28, 2017 5:41am Feb 28, 2017 5:41am
Short trade on AUDNZD from Pivot go to S38.
Got +65 pips for 4 hours. Closed as it close to S38.

Attached Image (click to enlarge)
Click to Enlarge Name: AN28.2.17.Pivot2S30TP65pip.png Size: 48 KB
Look for it and you will find it
  • #7,467
  • Feb 28, 2017 6:49am Feb 28, 2017 6:49am
Quoting braveh4rt
Short trade on AUDNZD from Pivot go to S38. Got +65 pips for 4 hours. Closed as it close to S38. {image}
excellent trading
nice gains since you started here.
In trading, you have to be defensive and aggressive at the same time
  • #7,468
  • Feb 28, 2017 7:11am Feb 28, 2017 7:11am
Very nice thread, thanks Davit for this method, I'm following.

I entered short EURJPY, targeting S38, lets see.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyshort.jpg Size: 162 KB
The name of the game is finding weaknesses in supply or demand.
  • #7,469
  • Feb 28, 2017 7:25am Feb 28, 2017 7:25am
EURCHF I did not load up on it because I have dd on other pairs, but did not want to miss it either.
Attached Image (click to enlarge)
Click to Enlarge Name: Feb28 EURCHF.png Size: 231 KB
Invest in Life
  • #7,470
  • Feb 28, 2017 7:26am Feb 28, 2017 7:26am
Quoting TheMark
Very nice thread, thanks Davit for this method, I'm following. I entered short EURJPY, targeting S38, lets see. {image}
you welcome but you have no edge on your trade.Please follow page 1 rules
guys don't force trades please.Don't get into "I am afraid to miss out trade" and end up taking mediocre trades.Take your time they will come.If you take 1 batch of great trade a week based on my rules you can easily hit 10% a month.
In trading, you have to be defensive and aggressive at the same time
  • #7,471
  • Feb 28, 2017 7:41am Feb 28, 2017 7:41am
Quoting Davit
{quote} you welcome but you have no edge on your trade.Please follow page 1 rules guys don't force trades please.Don't get into "I am afraid to miss out trade" and end up taking mediocre trades.Take your time they will come.If you take 1 batch of great trade a week based on my rules you can easily hit 10% a month.

Ok thanks Davit, bear with me I'm still a newbie so excuse my dump mistakes

Could you give me a hint what I could have missed by taking this trade? what do you mean by I "have no edge on your trade"?

I read page 1.
The name of the game is finding weaknesses in supply or demand.
  • #7,472
  • Feb 28, 2017 7:50am Feb 28, 2017 7:50am
Quoting TheMark
{quote} Ok thanks Davit, bear with me I'm still a newbie so excuse my dump mistakes Could you give me a hint what I could have missed by taking this trade? what do you mean by I "have no edge on your trade"? I read page 1.
Edge is between 61-100 pivots.Trades at WP are toss up trades.It can go either way.
If you have less then 2yrs of forex experience I suggest not trading this method.Its clear on my 1st page.
In trading, you have to be defensive and aggressive at the same time
  • #7,473
  • Feb 28, 2017 7:52am Feb 28, 2017 7:52am
usdcad is in the selling zone of WR61, happy trading
  • #7,474
  • Feb 28, 2017 7:53am Feb 28, 2017 7:53am
e/cad on a mission!
  • #7,475
  • Feb 28, 2017 7:53am Feb 28, 2017 7:53am
Quoting Davit
{quote} Edge is between 61-100 pivots.Trades at WP are toss up trades.It can go either way. If you have less then 2yrs of forex experience I suggest not trading this method.Its clear on my 1st page.
Ok thanks Davit for explaining.

I have been trading for 3 years but sadly never seen much profit.
I was trading indicator based systems but I lately figured out they all don't work, so I ditched them all. I looked for something different and stumbled upon your thread, I am starting fresh this time no more indicators, just price.
The name of the game is finding weaknesses in supply or demand.
  • #7,476
  • Feb 28, 2017 7:54am Feb 28, 2017 7:54am
Quoting blueman
usdcad is in the selling zone of WR61, happy trading
at least someone is looking at the charts
spotted that when it got there
In trading, you have to be defensive and aggressive at the same time
  • #7,477
  • Feb 28, 2017 7:55am Feb 28, 2017 7:55am
Quoting blueman
usdcad is in the selling zone of WR61, happy trading
Had my eye on it was waiting for it to get to R61.
The name of the game is finding weaknesses in supply or demand.
  • #7,478
  • Feb 28, 2017 8:00am Feb 28, 2017 8:00am
Quoting TheMark
{quote} Ok thanks Davit for explaining. I have been trading for 3 years but sadly never seen much profit. I was trading indicator based systems but I lately figured out they all don't work, so I ditched them all. I looked for something different and stumbled upon your thread, I am starting fresh this time no more indicators, just price.
pivot is an indicator!! Depends how you use it.Your issue is impatience!Probably all psychological.Seriously work on yourself.Its not the market that's for sure.
If you have not watched Mark Douglas videos then do.Its priceless.
By the way Price is an indicator,Japanese candles is an indicator so people saying I trade naked charts are full of shit.Its not "naked"
http://www.forexfactory.com/showthre...41#post9338341
You must firmly understand what true probability is.Most system threads never talk about this hence why I didn't want to start a thread there.Understand this deeply and you will start seeing things where you could not before.Trading is basically a probability game and guys who understand profit from it and others continue chasing illusive goals and never achieve and end up quitting or get drained from their funds.Understand what is probability.
In trading, you have to be defensive and aggressive at the same time
  • #7,479
  • Feb 28, 2017 8:04am Feb 28, 2017 8:04am
Quoting Davit
{quote} pivot is an indicator!! Depends how you use it.Your issue is impatience!Probably all psychological.Seriously work on yourself.Its not the market that's for sure. If you have not watched Mark Douglas videos then do.Its priceless. By the way Price is an indicator,Japanese candles is an indicator so people saying I trade naked charts are full of shit.Its not "naked" http://www.forexfactory.com/showthre...41#post9338341

I'll watch these videos thanks.

Yes, I admit I'm impatient and feel if I don't enter I'll miss out on the move or get in bad prices and wouldn't profit much, so I think fear and greed are controlling me when I trade and I end up losing.
The name of the game is finding weaknesses in supply or demand.
  • #7,480
  • Feb 28, 2017 8:07am Feb 28, 2017 8:07am
watching closely
Attached Image (click to enlarge)
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