Pivot Trading

Hello Davit,
Please how is the daily_open_line indicator used?

Thanks in advance

This is Mar 01 to Mar 17 results. It looks crazy but look at the power of this method and the art of patience. So far only -$1 for the month. I had awesome Jan and Feb and afforded me to not become emotional and let the method work. Still have rest of the month to end month in profit.

I blew 5 accounts and 6 demo accounts before finding this method. Why did that happen...because I was determined to learn how to trade. Not just to make a profit...but I could not stand not knowing how to trade. So my goal to learn to trade has translated to being consistent. Being consistent translates to being profitable. The profit is a by-product of a well executed high probability system.

This system is profitable, all I have been working on lately is on being patient, taking high probability trades and letting the method work in the long term. This thread has helped me with all the above. Thanks to all.

This really is a brilliant thread. Davit you have done a great job here.
My general thoughts, if I may to all.
Remember to keep an eye on fundamentals. Think of the CAD this month or the UJ after Trump got elected. Fundamental trades have the ability to power a pair for months in one direction.
The market goes in cycles-be aware of them.
Would be useful for people to talk through their ideas before trading. We are all here to make money and learn.
Its easy to miss something. And if we have 20 eyes looking at something there is less chance of it being missed.
Thought I would mention I "always" have stops and TPs. Otherwise my risk to reward ratio is out the window. No one is right all the time. If price is not doing what it should be doing (going in my direction) I get out. Over a series of trades its insignifcant.
And after a big win stop trading and go for a walk. Its easy to dive in and loose a load of pips.
One trick for anyone with an itchy finger that might prove useful is to have two separate brokers.
One with the indicators (on a very small demo account) and another that is used to trade.
So do all your research with one, and trade with the other. It reduces the pressure on should you trade.
Ideally have a separate pc.
Green pips everyone.!!

For anyone as clueless as I was about the existence of a thread clipboard that Davit has referred to a couple of times, please see attachment

Thank you guys for your continued support.
Little down time and like to share my obsession with classic bikes specially late 70"s inline 4 Japanese motorcycles.
As you grow older and see the evolutionary process of bikes cars then you realize how beautiful these bikes were and how ugly and uninspiring current ones are.
Today's bikes look like transformers and plain ugly.No inspiration and aesthetics there are some exceptions from Ducati ,Motto Guzzi and late BMW RT9 series but by and large these are exceptions and not the norm.
I love old CB750 Kawasaki KZ900 KZ1000 these bikes are unreal in my book both ascetics and performance.KZ series became drug racing king for years and still being raced today.

The Z1 Chronicles

Kawasaki’s 900 Super Four Z1 did more than blow past Honda’s CB750 in terms of performance, refinement and all-around ability.
It was the world’s first superbike.
"A velvet blunderbuss, and every inch a King."—Cycle, November 1972

For just a moment, imagine you're Kawasaki's Sam Tanegashima in the fall of 1968. As a project leader you've been slaving night and day for the better part of two years on what was then internally known as N600. It is going to be a groundbreaking road-burner that will become the most important motorcycle in the world, with a contemporary mass-production first of an air-cooled, DOHC, 750cc inline-four. Testing is all but complete and has gone swimmingly—your finger is metaphorically poised to push the button to begin production early next year. You might even allow yourself to think life is going to be very, very good.
And then you get the phone call from the 1968 Tokyo Motor Show. It seems competitor Honda had the same idea—only a bit sooner—and has knocked motorcycling on its ear with the revolutionary CB750 Four. Suddenly there is indeed a new most important motorcycle in the world—but it ain't yours. Shame and frustration taste more acrid than bile. One remembers it with startling clarity.
So it was for Kawasaki's N600 project team as they returned to Akashi to lick their wounds—and vowed to kick Honda's ass from Tokyo to Tucumcari to Turin and back by building something bigger, faster and even more sophisticated—a true King of Motorcycling. It would take the better part of four years, an eternity compared with current two-year product cycles for today's 600cc and 1000cc sportbikes. But Kawasaki was determined to get it right.
At the time Kawasaki was in the midst of changing its entire approach to building motorcycles. As Tanegashima says in Micky Hesse's book Z1 Kawasaki, "One motto [we had] for developing the Z1 was to create one piece of motorcycle. Before the Z1, Kawasaki had developed several very fast motorcycles like the A7, H1 and H2. It was not sure if we were selling engine/horsepower or motorcycle.
"From the very beginning of Z1 development," he says, "we made sure to develop one piece of motorcycle, not independent engine or chassis or designing."

Jay Leno's Garage
He is a huge moto fan and collector and I love this amazing bike he purchased when he was still struggling in his career.Sometimes you go with your passion.
Watch later in the video when he takes a ride on it.Sounds amazing

Dab , THANKYOU !!!!!! I must have missed this. Wishing you the best !!!

GreenEarth

I love the old big singles - If you can start them - you can ride them!!!! - anyone that has battled will understand!!!

Hi Roszey

It creates a bias.To me it also is a major R/S.By London Open you can see if daily bias is bullish or bearish by which way Daily open price moves from.
Example so far AC is bullish but does not mean it can't turn around when more liquidity enter the market.
Asia session for most part is continuation from previous week day momentum.It seldom deviates from this.The reason again is liquidity.It takes great deal of money turning the pair opposite direction from establish trend for that LO and NY needs to get involve.
Hope this answered your inquire

fun bikes some are collectables

NU behaved really well, Great start of the week.

It will hit the target soon.

very nice work
looking at the bounce at exactly 61S is beautiful.This is almost printing moneyjust need to be patient

re-enter at s38 area.

On a buy also but I have some since last week on a bit of dd. Not worried it should be in profit this week.

Why did you not take profit from earlier entries?

Good morning guys

I advise not trade any Pound pair this week until things become clear on Brexit.
Since there is no historical similar situation one can't predict how pound will react.It could shoot high or real low.Best stay safe.

AC is in real stretched position
things may start moving or Aussie dumping after Monetary Policy Meeting Minutes tonight

could anyone post crude oil chart with my template?Like to see the pivot levels on it.
thank you

https://www.screencast.com/t/nEGLgq5p

thank you
If you have no AC positions I suggest shorting this now and build positions.This has minimum 200pips south potential although I think it may go lot lower.

Got in last week. A little DD at the moment -230. Still have a couple more tickets to punch though. Will see if R61 holds