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Pivot Trading

  • #8,281
  • Apr 4, 2017 9:43am Apr 4, 2017 9:43am
Davit,

Question - how do you look at a pair that is in the "zone", say approaching S78-S100 and has good price action so you start to take some positions then the week ends and the following week starts and now your position is around the pivot to S38. Do you stop adding if the price action is good or do you base it on the previous week.

Really appricate all the time and effort you put into your site - it's awesome !

Kirt
  • #8,282
  • Apr 4, 2017 10:16am Apr 4, 2017 10:16am
Quoting 1PipDaddy
Davit, Question - how do you look at a pair that is in the "zone", say approaching S78-S100 and has good price action so you start to take some positions then the week ends and the following week starts and now your position is around the pivot to S38. Do you stop adding if the price action is good or do you base it on the previous week. Really appricate all the time and effort you put into your site - it's awesome ! Kirt
Its a great question and has happened to me many times.I just hold if I think fundamentally I have a winning shot.If I think not worth holding I take the loss.
Its pure probabilities.You have to accept that not every trade or batch of trades will work out.This concept is crucial to understand.
This is how casinos make money just 1-2% edge.They know not every game house wins but over 10k games they have solid edge.
To me when you get to your 5th year of trading you start understanding and appreciating probabilities more then being right.I can't be right all the time hence when people keep guessing the future without understanding probability factors are missing out core concept in trading.
regards
if you have not watched Mark Douglas Videos please do.He is truly a master and very articulate explaining probabilities and how price moves.
In trading, you have to be defensive and aggressive at the same time
  • #8,283
  • Apr 4, 2017 11:16am Apr 4, 2017 11:16am
Quoting Tamarind77
First trade of the month Targeting 1.32xx {image}
USDCAD
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Invest in Life
  • #8,284
  • Apr 4, 2017 11:36am Apr 4, 2017 11:36am
Quoting Mundo
{quote} USDCAD {image}
beautiful entriesvery high probability trades
In trading, you have to be defensive and aggressive at the same time
  • #8,285
  • Apr 4, 2017 11:45am Apr 4, 2017 11:45am
Switched to live account this month with micro lots. OANDA wouldn't let me connect to the GMT -5 live server. I was using the GMT -5 demo server. Now my pivots don't match. Lots of fun figuring out how to setup the broker candles to match. It will be fun to update them every week too. The server I'm on now is GMT +2.
  • #8,286
  • Apr 4, 2017 2:55pm Apr 4, 2017 2:55pm
Quoting csternfx
Switched to live account this month with micro lots. OANDA wouldn't let me connect to the GMT -5 live server. I was using the GMT -5 demo server. Now my pivots don't match. Lots of fun figuring out how to setup the broker candles to match. It will be fun to update them every week too. The server I'm on now is GMT +2.
Get a demo account with another broker and take the pivots from that maybe. Or use Voty (?) pivots that automatically update, check the paperclip top right of the thread.
  • #8,287
  • Apr 4, 2017 2:56pm Apr 4, 2017 2:56pm
Canadian oil disruption, OPEC cuts open door for Mexico



https://a.msn.com/r/2/BBzj25p?m=en-us
Invest in Life
  • #8,288
  • Apr 4, 2017 11:08pm Apr 4, 2017 11:08pm
still waiting for AC to break 38S
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In trading, you have to be defensive and aggressive at the same time
  • #8,289
  • Apr 4, 2017 11:27pm Apr 4, 2017 11:27pm
Quoting Davit
still waiting for AC to break 38S {image}
A large and effective net for fishing
  • #8,290
  • Apr 4, 2017 11:30pm Apr 4, 2017 11:30pm
Quoting alibutt
{quote} A large and effective net for fishing
I can bail out now with decent profit but waiting for that drop to 1000 mark and possibly below it
Tough sometimes works other times shoots up again....We'll see I may have the Edge on my side to break below 38S
In trading, you have to be defensive and aggressive at the same time
  • #8,291
  • Apr 5, 2017 8:02am Apr 5, 2017 8:02am
looks like very rosy ADP ....hard to know how close is it.Could be way off
In trading, you have to be defensive and aggressive at the same time
  • #8,292
  • Apr 5, 2017 8:56am Apr 5, 2017 8:56am
First trade of fresh month :-) Had no access to put on trade earlier, but this seems like an nice edge.
and put on big lot.
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  • #8,293
  • Apr 5, 2017 8:58am Apr 5, 2017 8:58am
In yesterday on EURJPY. First live trade. Also short UC
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  • #8,294
  • Apr 5, 2017 9:01am Apr 5, 2017 9:01am
Quoting Davit
{quote} I can bail out now with decent profit but waiting for that drop to 1000 mark and possibly below it Tough sometimes works other times shoots up again....We'll see I may have the Edge on my side to break below 38S
Well Davit, patience always pays off. One should always try out the edges.
Green pips.
  • #8,295
  • Apr 5, 2017 9:06am Apr 5, 2017 9:06am
Quoting alibutt
{quote} Well Davit, patience always pays off. One should always try out the edges. Green pips.
previous Daily is Red on AC and today not over yet.Holding up lot of margin and swap rather get out of it this week.
regards
In trading, you have to be defensive and aggressive at the same time
  • #8,296
  • Apr 5, 2017 11:40am Apr 5, 2017 11:40am
First trade going positive this month,
NZDCAD : secured half tickets ( 2 tickets for +120 pips ).
targetting S61 and maybe more.

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"Letting losses run is the most serious mistake made by most investors."W.O
  • #8,297
  • Edited 3:27pm Apr 5, 2017 3:11pm | Edited 3:27pm
Thank you Davit for the trading system, this is the first time I have so much confidence with entering a trade, although, some are not the best entries but I'm learning to trust the Pivot zone.This was just two weeks since I pick up the system.
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  • #8,298
  • Apr 5, 2017 4:02pm Apr 5, 2017 4:02pm
Quoting sayfxx
Thank you Davit for the trading system, this is the first time I have so much confidence with entering a trade, although, some are not the best entries but I'm learning to trust the Pivot zone.This was just two weeks since I pick up the system. {image}
Hi, I would suggest you use read page 1 and use the templates provided like most of us do. It is a great strategy I agree.
  • #8,299
  • Apr 5, 2017 9:12pm Apr 5, 2017 9:12pm
Quoting sayfxx
Thank you Davit for the trading system, this is the first time I have so much confidence with entering a trade, although, some are not the best entries but I'm learning to trust the Pivot zone.This was just two weeks since I pick up the system. {image}
welcome and please do read 1st page specially IN ORANGE
In trading, you have to be defensive and aggressive at the same time
  • #8,300
  • Apr 5, 2017 9:13pm Apr 5, 2017 9:13pm
Good evening fellow pivoters
Looks like EA is heading north beautifully.
In trading, you have to be defensive and aggressive at the same time
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