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Pivot Trading

  • #8,361
  • Apr 7, 2017 8:16am Apr 7, 2017 8:16am
Still hold UC short
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I know one thing, that I know nothing - Socrates
  • #8,362
  • Apr 7, 2017 8:43am Apr 7, 2017 8:43am
Quoting Davit
Got out of AC too early....after holding for weeks!!Happens but could of been major boast for the account.
I think there will still be opportunity for you to enter on retrace or other opportunities opens up. Moving forward.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #8,363
  • Apr 7, 2017 10:21am Apr 7, 2017 10:21am
Quoting Blackopal
http://www.cnbc.com/2017/04/06/us-mi...-nbc-news.html Oil, Gold, Yen, CHF and Canadian all strengthened in response to this. Even E/U to a lesser extent seems to be considered a safe haven. Be very wary of U/J longs....Reconsider holding them Vs the possibility that this situation escalates. Trump will go golfing on the week end. If he doesn't make par the shit could hit the fan next week. {image}
I think Trump didn't wait for next week and already "priced in" not making par when he launched the missile...
Invest in Life
  • #8,364
  • Apr 7, 2017 11:15am Apr 7, 2017 11:15am
Quoting Davit
{quote} I treat My entries as badges as 1 trade consist of 4-6 average mini trades.When I exit I closed them all. My average distance is 50-100pips which usually same distance PA travels from 1 pivot to another. When you look at the chart you know when to exit. MY AN exit was 730 which was previous R and true enough did not break higher yet. To conclude watch the chart and behavior. If you want to educate yourself you can watch lots of videos on support and resistance online but frankly in general most are useless. Trading requires more.Think about...

Love this post.
It is my screen saver now.
Thanks Davit
  • #8,365
  • Apr 7, 2017 12:25pm Apr 7, 2017 12:25pm
USDCAD rather annoying. Basically returned to pre NFP level. My entries were not the greatest. Small drawdown now
  • #8,366
  • Apr 7, 2017 5:52pm Apr 7, 2017 5:52pm
Quoting csternfx
USDCAD rather annoying. Basically returned to pre NFP level. My entries were not the greatest. Small drawdown now

Yes, turns out the NFP spike came within a pip of my target. Now it's' sitting on break even.
  • #8,367
  • Apr 7, 2017 10:34pm Apr 7, 2017 10:34pm
I closed half my U/C manually when it started back up without touching W/P. Put 3rd TP at low and left 4th on W/P. I would have reloaded 2 more around R61 if I was still awake. I still like U/C shorts because of fundamentals with Mid East situation boiling....Oil in play.

I took three bites of oil, for fundamental reasons. Ordinarily I don't buy around R61, exception this time may prove to be a mistake, but I think with what is happening in Mid East any retrace on oil short term will be small. I placed one stop probably too tight looking at it today, just didn't want to go into much DD over week end, and had too get sleep while market was open. Third long taken on bounce back up. Other 2 stops below WP.

N/U shorts the best series of trades I've ever done. Smashed it 5 times running. I've been taking profits, re-entering on weakness after rebounds. Somehow I was in sync with it. Almost left trades on for more down last night, it still looked weak, but before going to sleep I decided profits in account beat leaving too many trades running over week end.

I wanted to play A/U the same as N/U, but it never recovered enough this week for me to re-enter shorts....that shows in A/N which got hammered this week. The A/N long at 1.0759 pending I've had on for a month missed by 3 pips before 60 pip bounce! I'll look for a good entry here, seems to be an important level, boundary between two ranging zones.

I like A/U for a long around .75...March 9th it bounced from .749 back up to .7747
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  • #8,368
  • Apr 8, 2017 11:12am Apr 8, 2017 11:12am
Quoting Blackopal
{quote} Hey Doc. You should read first page of thread. There you will find the answers to this and most of your next questions. Before you ask more questions be prepared to demonstrate that you have made some effort to acquire the answers already offered.
dude first of all i didnt break any rule on this thread by Mr davit. all i did was ask for the tamplate from sayfx, i want to try the indicator for some personal reasons,of which i feel i dont need to disclose to u. there is no where, where i asked a question or criticized davit's PIVOT trading system because ive said B4 that this thread according to me is one of the best, so i dont really understand what you really are implying here abt me reading the first page on this thread, of which i have done that so many times and Davit should have been the first person to respond abt me asking for a template from sayfx, but if you want to be the general secretary of PVT trading system pls do so by asking Davit himself, instead of making hypothesis that are irrelevant. to me you seems to b one of those people hungry for so many likes and approvals life in general in order to make a decision, lately u have been posting some trade decision based on some hypothesis made by gurus like CNBC of which to me exposes your inexperience in trading, i really didnt wanna reply to you and really sorry to davit for turning your thread a war zone alike
  • #8,369
  • Apr 8, 2017 8:20pm Apr 8, 2017 8:20pm
Quoting Dr-pip
{quote} dude first of all i didnt break any rule on this thread by Mr davit. all i did was ask for the tamplate from sayfx, i want to try the indicator for some personal reasons,of which i feel i dont need to disclose to u. there is no where, where i asked a question or criticized davit's PIVOT trading system because ive said B4 that this thread according to me is one of the best, so i dont really understand what you really are implying here abt me reading the first page on this thread, of which i have done that so many times and Davit should have...

Wow!! You'll get no battle from me, Doc.
  • #8,370
  • Apr 9, 2017 1:11pm Apr 9, 2017 1:11pm
Quoting Blackopal
{quote} Wow!! You'll get no battle from me, Doc.
sorry if i offended u my brother, but what ive learned abt trading in general is that fundamental trading is good for lower time frame, the reason i say this is b cos, i'm a Technical analysis trade my self, and i use indicators only on higher time frames, like daily, weekly and monthly time frame, fundamentals are there to fool so many novice traders to change their position to other directions, spikes can only be noticed in 5, 15, 30, 60 mins why, there's so many traders whom trade on those time frame, making an analogy to other time frame, i use indicators to be cognizant of breakouts/reversal on the pivots levels (S/R) and to know where exactly should i execute a trade.
I dont post my trade cos i dont want to break the rule on this thread and i believe there are so many people like me who want to contribute to this thread but because of the rules were reluctant to do so we respect the rules and esteemed by Mr Davit
  • #8,371
  • Apr 9, 2017 1:43pm Apr 9, 2017 1:43pm
wow just came across this thread. I am a big believer in Pivots (multi time frame confluence) but i'd love to c what other tools u use along with pivots to improve results.. I mean pivot levels alone are great but if somethings out there showing which pivot will actually hold or break, would be great. I am gonna start reading wow 400+ pages.. ouch.. if someone can briefly summarize the key things they learned outta this thread it will be a refresher for all appreciate it..thanks Pivot Gang!
  • #8,372
  • Apr 9, 2017 1:57pm Apr 9, 2017 1:57pm
Quoting GoopFX
wow just came across this thread. I am a big believer in Pivots (multi time frame confluence) but i'd love to c what other tools u use along with pivots to improve results.. I mean pivot levels alone are great but if somethings out there showing which pivot will actually hold or break, would be great. I am gonna start reading wow 400+ pages.. ouch.. if someone can briefly summarize the key things they learned outta this thread it will be a refresher for all appreciate it..thanks Pivot Gang!
https://www.forexfactory.com/showthr...14#post9646814
  • #8,373
  • Apr 9, 2017 4:52pm Apr 9, 2017 4:52pm
A few things happening this week.
Should be some sort of statement from the Chinese Premier and Trump.
http://news.sky.com/story/trump-hail...er-xi-10829201
Obviously all eyes on Trump/Putin issue- Tillerson going to Russia (11-12 April)
Telling the Russians that they were outmaneuvered by Asad could make things difficult- but I think he knows what he is doing
He was given the Russia Order of Friendship in 2013- and had met Putin a number of times. So you have to hopeful on of positive outcome.
Also we have the CAD meeting on Wednesday
Came across this. Well worth a read
http://www.macleans.ca/economy/econo...erybody-loses/
Hate jumping in too early - but would not be surprised to see some respite for the AUDCAD this week
  • #8,374
  • Edited 2:24am Apr 10, 2017 1:49am | Edited 2:24am
Quoting sniperdebt
{quote} Possible re-test WPi, In the meantime patiently awaiting target1 around W100 area. 4th week of the month,time to evaluate performance & some charts for Q1. Hope you all have fun & trade your plan. {image}
Hi Traders, Target 1 hit.

Q1 average return 12%(70k Pips).

Great start of the new week (Q2), with +ve Pips on AU,AC,NU,NCHF,UJ,EU,EJ,EZ,EG,Gold.

DD on CJ
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  • #8,375
  • Edited 4:36am Apr 10, 2017 4:10am | Edited 4:36am
hmm odd pivots levels u have here. I seen S1,S2,S3.. R1,2,3.. you guys are using fib levels? is that renaming of daily pivot levels? or its custom math calculation based? if its working than its working but i like to know concept behind it.

You guys just using daily pivots? what about weekly monthly yearly 3day? and no mid levels? what r those blue lines small horizontal lines (S/R levels they appear to be)



Pivot Pop Quiz Question of the day: Why is NZD/USD so strong? which pivot is it bouncing from "exact precise to the pip,,,, pivot level on specific timeframe"



News Event of the day: careful today grandma yellen speaks at 4PM(NY TIME)...other than that pretty dry news day.
  • #8,376
  • Edited 5:12am Apr 10, 2017 4:52am | Edited 5:12am
Quoting GoopFX
hmm odd pivots levels u have here. I seen S1,S2,S3.. R1,2,3.. you guys are using fib levels? is that renaming of daily pivot levels? or its custom math calculation based? if its working than its working but i like to know concept behind it. You guys just using daily pivots? what about weekly monthly yearly 3day? and no mid levels? what r those blue lines small horizontal lines (S/R levels they appear to be) Pivot Pop Quiz Question of the day: Why is NZD/USD so strong? which pivot is it bouncing from "exact precise to the pip,,,, pivot level on specific...
That is simple question if you follow Davit post, the answer is:

1. Davit using Fibonacci Pivot (Davit Pivot) Weekly timeframe calculation based.
And it applied to any timeframe and max at daily timeframe.
Post 2835
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2. Blue line is "daily open line" indicator. That set to Timezone -7 compare to broker candle GMT-5 (OANDA) that Davit used.
That "daily open line" have a reason to be there. Read post 589
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I know one thing, that I know nothing - Socrates
  • #8,377
  • Edited 6:11am Apr 10, 2017 5:09am | Edited 6:11am
Quoting Tamarind77
{quote} That is simple question if you follow Davit post, the answer is: 1. Davit using Fibonacci Pivot (Davit Pivot) Weekly timeframe calculation based. And it applied to any timeframe and max at daily timeframe. 2. Blue line is "daily open line" indicator. That set to Timezone -7 compare to broker candle GMT-5 (OANDA) that Davit used. That "daily open line" have a reason to be there. Read post 589 {image}
o wow ok so you guys are using weekly pivots that clarifies.. Yes weekly are strong pivots levels but problem is they dont trigger opportunities on daily basis. (so i guess u guys are swing/position traders not daytraders/scalpers). On weekly you'll get less trades but high probability levels. I use floor pivots (traditional) non-fib..they are close enough.. Also i use mid pivot levels, those are useful too cuz price doesnt always complete pivot to pivot journey.. sometimes it stops in Midway n retests levels.. so having mid pivot levels is useful.. i'll post mid weekly levels for you guys to glance through n c how powerful they are, may be add them to arsenal.

We wanna use whatever market respects..right?


power of weekly midlevels you can see today on GBP/USD.. its bouncing from Weekly Mid level (1.2368).. likely heading to weekly pivot at 1.2430 (after it crosses daily pivot point 1.2409) if it cant hold daily.. then likely visiting Weekly S1 level at 1.2305


I am coming back to pivots after few yrs becuz market has changed, n i noticed pivots still being respected. I use all daily/weekly/monthly pivot levels

seperately i have my own technical analysis charts based with trendlines/channels on high time frames (1H n above).. I look for confluence or closeness of levels of pivots along with my chart tech analysis n launch attack.

Regards,
GoopFX
Attached File(s)
File Type: mq4 Floor_Pivots_Weekly_Mid.mq4   12 KB | 575 downloads
  • #8,378
  • Apr 10, 2017 5:16am Apr 10, 2017 5:16am
Quoting GoopFX
{quote} o wow ok so you guys are using weekly pivots that clarifies.. Yes weekly are strong pivots levels but problem is they dont trigger opportunities on daily basis. (so i guess u guys are swing/position traders not daytraders/scalpers). On weekly you'll get less trades but high probability levels. I use floor pivots (traditional) non-fib..they are close enough.. Also i use mid pivot levels, those are useful too cuz price doesnt always complete pivot to pivot journey.. sometimes it stops in Midway n retests levels.. so having mid pivot levels...
Yes, Davit often said that He is trade swing, not day trading or scalping.
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I know one thing, that I know nothing - Socrates
  • #8,379
  • Apr 10, 2017 6:05am Apr 10, 2017 6:05am
I'm still holding a EUR/JPY long from last week, and a USD/CAD short that missed my TP by a touch over a pip for the NFP spike. Think there's still more downside for the U/C trade yet. Anyway, here's the oil chart because why not.
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  • #8,380
  • Edited 6:38am Apr 10, 2017 6:16am | Edited 6:38am
Quoting Rub
I'm still holding a EUR/JPY long from last week, and a USD/CAD short that missed my TP by a touch over a pip for the NFP spike. Think there's still more downside for the U/C trade yet. Anyway, here's the oil chart because why not. {image}
umm OIL is such a manipulated market.. and so is UCAD half the time it does the opposite of oil (which it shouldn't) Also note uCAD traders.. big negative coorelation with NZD/USD.. so if NZD is rising UCAD will fall... (big negative coorelation similar % to that of E/U vs. uCHF) for oil u may wana look for WTI, which is currently priced at 52.40 with daily pivot at 51.93 weekly 51.37.

Gold just fell below 200 SMA on 1 hour.. and is below 200SMA on daily.. so this could be start of bearish gold and bullish USD (USD/JPY trump trade might be coming back (111.32 is holding UJ back which is a 1H trendline + weekly pivot mid level R1 - and 4H pivot - break of 111.32 can unleash bulls target 111.74 which is weekly pivot R1) btw.. UJ is heavily + correlated to indices nikkei/SP500/dow Jones... which are bouncing "precisely" from daily pivot across board.. damn y did i ever leave pivots? !
wish i could get paid for analysis.. cuz i can do it non-stop

Don't u just love market. How it does the opposite of expected, NFP bad numbers, rise of UJ... rate cute by Fed, falling... So ya do the opposite of expectation n u'll get by fine.
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