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Pivot Trading

  • #8,481
  • Apr 12, 2017 10:59am Apr 12, 2017 10:59am
taking advantage of any spike downs on NU for longs....
Generally I love building positions on slower pairs like NU with ADR of 43 last 20 days its relatively safe
With positive swap NZD will always be supported most times.Its basically a cash stashing slot for carry over trades.
In trading, you have to be defensive and aggressive at the same time
  • #8,482
  • Apr 12, 2017 12:37pm Apr 12, 2017 12:37pm
Today mixed up,
got out of UJ, better be out of it because of the actual situation. -300 pips

But got the better out of UC with +1100 pips. Looking to reload on this pair as it's still bearish and Oil is doing well.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_30.png Size: 65 KB
"Letting losses run is the most serious mistake made by most investors."W.O
  • #8,483
  • Apr 12, 2017 12:47pm Apr 12, 2017 12:47pm
Quoting Davit
{quote} I don't use traditional hard stops.I trade totally different then most traders.I use real actual $$ for stops and not pips. This is from my trading plan STOP LOSS 1 Decide how much each swing is worth example $500 2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance 3. This allows averaging in orders as seen fit irregardless if previous orders are in red 4. Orders are placed as long as reason for trade is still valid 5. If conditions change loss is taken since orders are not all placed all at once...
,
Thanks for the reply Davit, sort of get it but would need to get my head around the lot sizes etc before i could do it, but i does make sense as you dont have to close the whole trade, can anyone tell me where i can get the Indis please and a good place to start reading the thread about Pivot trading ? i get the pivot i think - at a guess you enter long when pivot reached and tdi crossed ? dont know what the R indi is ? is it retrace ? thanks everyone in advance dont want to keep asking questions will read the whole thread from start to finish if i need to
  • #8,484
  • Apr 12, 2017 12:51pm Apr 12, 2017 12:51pm
Start longs on NJ on WS100, look like JPY pair start moving from extreme as Russia/us news looks ok
  • #8,485
  • Apr 12, 2017 12:59pm Apr 12, 2017 12:59pm
Quoting blueman
Start longs on NJ on WS100, look like JPY pair start moving from extreme as Russia/us news looks ok
Hi Blueman, I have 3 USD/JPY buys open in £30 loss at the moment - any idea which way this is pair will Go ?
  • #8,486
  • Apr 12, 2017 1:02pm Apr 12, 2017 1:02pm
Quoting montego
{quote} , Thanks for the reply Davit, sort of get it but would need to get my head around the lot sizes etc before i could do it, but i does make sense as you dont have to close the whole trade, can anyone tell me where i can get the Indis please and a good place to start reading the thread about Pivot trading ? i get the pivot i think - at a guess you enter long when pivot reached and tdi crossed ? dont know what the R indi is ? is it retrace ? thanks everyone in advance dont want to keep asking questions will read the whole thread from start to...
Just realized indi is support and resistance
  • #8,487
  • Apr 12, 2017 1:07pm Apr 12, 2017 1:07pm
Quoting montego
{quote} Hi Blueman, I have 3 USD/JPY buys open in 30 loss at the moment - any idea which way this is pair will Go ?
USDJPY looks good for me, like other JPY pairs, could go back to the mean ( pivot), just notice that its a short week with long weekend so need to be aware!
  • #8,488
  • Apr 12, 2017 1:07pm Apr 12, 2017 1:07pm
Hi All,

I've been silently reading this thread for about a month and just decided to take part sometimes.
Amazing strategy Davit. I've been trading pivots for about 1 year using Camarilla, but recently switching to Fibs improved my results.

I'm short EU for the second time of the day at 1.0616. Not the best entry but trading smaller lots until I'm fully confident in my strategy.
Stops in the money now. First Target at S38.
  • #8,489
  • Apr 12, 2017 1:08pm Apr 12, 2017 1:08pm
Quoting blueman
{quote} USDJPY looks good for me, like other JPY pairs, could go back to the mean ( pivot), just notice that its a short week with long weekend so need to be aware!
Thanks blueman
  • #8,490
  • Apr 12, 2017 2:48pm Apr 12, 2017 2:48pm
Glad i got out of UJ.

NU quick profit and out. +150 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_31.png Size: 58 KB
"Letting losses run is the most serious mistake made by most investors."W.O
  • #8,491
  • Apr 12, 2017 2:48pm Apr 12, 2017 2:48pm
Quoting Duvdevan
I'm short EU for the second time of the day at 1.0616. Not the best entry but trading smaller lots until I'm fully confident in my strategy. Stops in the money now. First Target at S38.
Stopped out for a small profit, then scalped short at 1.06530 for 10 pips.
  • #8,492
  • Apr 12, 2017 3:11pm Apr 12, 2017 3:11pm
Quick question guys loaded the indis and davits template but the price indi in the top corner is just frozen ? any adea whats wrong ? thanks everyone
  • #8,493
  • Apr 12, 2017 10:59pm Apr 12, 2017 10:59pm
closed NU +517 pips
this was sweet.Chart I posted and basically shared I was building longs
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #8,494
  • Apr 12, 2017 11:03pm Apr 12, 2017 11:03pm
Quoting montego
Quick question guys loaded the indis and davits template but the price indi in the top corner is just frozen ? any adea whats wrong ? thanks everyone
you have not downloaded price indicator
make sure its there
below is an image indicator 1st page
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #8,495
  • Apr 12, 2017 11:06pm Apr 12, 2017 11:06pm
Quoting liamseden
Glad i got out of UJ. NU quick profit and out. +150 Pips {image}
same trade but more traction and more lotsgood job
In trading, you have to be defensive and aggressive at the same time
  • #8,496
  • Apr 12, 2017 11:13pm Apr 12, 2017 11:13pm
Quoting Duvdevan
Hi All, I've been silently reading this thread for about a month and just decided to take part sometimes. Amazing strategy Davit. I've been trading pivots for about 1 year using Camarilla, but recently switching to Fibs improved my results. I'm short EU for the second time of the day at 1.0616. Not the best entry but trading smaller lots until I'm fully confident in my strategy. Stops in the money now. First Target at S38.
Welcome! To be honest there was no reason to short EU
I was long and I am long.
In trading, you have to be defensive and aggressive at the same time
  • #8,497
  • Apr 12, 2017 11:17pm Apr 12, 2017 11:17pm
account comfortably up 6.3% gain since 1st of this month.Took bunch of small losses and still looking great.
2 more weeks to finish this
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 12 KB
In trading, you have to be defensive and aggressive at the same time
  • #8,498
  • Apr 12, 2017 11:31pm Apr 12, 2017 11:31pm
Quoting Davit
account comfortably up 6.3% gain since 1st of this month.Took bunch of small losses and still looking great. 2 more weeks to finish this {image}
Amazing Like staircase Davit
I know one thing, that I know nothing - Socrates
  • #8,499
  • Apr 12, 2017 11:39pm Apr 12, 2017 11:39pm
Quoting Tamarind77
{quote} Amazing Like staircase Davit
Thanks buddy. When it rolls it rollsJust must believe what you are doing works! Your brain mind will take care of rest.
Its about time EU break 7 could be by the end of week
In trading, you have to be defensive and aggressive at the same time
  • #8,500
  • Apr 12, 2017 11:42pm Apr 12, 2017 11:42pm
Quoting Davit
closed NU +517 pips this was sweet.Chart I posted and basically shared I was building longs {image}
Am happy to see you trade well with this method, I saw the move on the daily chart and went up with it. You are doing a good job. Keep it up davit.
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