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Pivot Trading

  • #8,701
  • Apr 24, 2017 3:01pm Apr 24, 2017 3:01pm
Quoting penci
NZDCAD Nicely formed double top and rejection of R38 Line at psychological resistance level 0.95x. Moving quickly towards Pivot level. Already selling at turquoise line on graph, will add to sells aggressively once double top has formed, broken and retested. Moreover, TDI indicator turning down with bearish momentum, volume however is low as NZD bank holiday. Good Luck and Thanks Davit for sharing. Ω {image}
Hello, one of my small trades also, I'm short since last week already
But if you look on daily, there is really nice area around 0.97 which is also R100 this week. I'm expecting this area to be visited again, few sell limits pending.
To really add into position I like to see a cross on daily and there is none yet, so keeping an eye for now...
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buying tops / selling bottoms
  • #8,702
  • Apr 24, 2017 3:03pm Apr 24, 2017 3:03pm
closed for some profit today, happy with +220
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The only thing that will make us successful is if we can control ourselves!
  • #8,703
  • Apr 24, 2017 3:54pm Apr 24, 2017 3:54pm
Hi Davit,
Hope you keeping well.
Just thought I'll drop by and let you know that... Your pivot system ROCKS.
Had a fantastic 3 months of trading since mid Jan to end March. Very little trading was done in April as time was very limited for me. Hopefully this will be all sorted out soon and I can have some sort of normality again.
Love the way this thread is moving.....spent the Easter holidays catching up.
I post my graph for the 3 months of trading. I was a bit heavy handed in my trading, need to slow down a bit.
All trades taken was 0.01 to 0.05 lot sizes.

Thank you Davit for your time and effort in steering us in the right direction. I appreciate your efforts.
I'm also glad to see some familiar traders from Jan still here, keep it up guys.
Happy trading and green pips to all...
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  • #8,704
  • Apr 24, 2017 4:16pm Apr 24, 2017 4:16pm
Quoting forexday
Hi Davit, Hope you keeping well. Just thought I'll drop by and let you know that... Your pivot system ROCKS. Had a fantastic 3 months of trading since mid Jan to end March. Very little trading was done in April as time was very limited for me. Hopefully this will be all sorted out soon and I can have some sort of normality again. Love the way this thread is moving.....spent the Easter holidays catching up. I post my graph for the 3 months of trading. I was a bit heavy handed in my trading, need to slow down a bit. All trades taken was 0.01 to 0.05...
WowWow 3k to 17k in 3 months? Live or demo? Congrats and I hope you become more frequent contributor.
In trading, you have to be defensive and aggressive at the same time
  • #8,705
  • Apr 24, 2017 4:17pm Apr 24, 2017 4:17pm
Quoting pabuuu
closed for some profit today, happy with +220 {image}
Good Job my Irish friend extra beer for you
In trading, you have to be defensive and aggressive at the same time
  • #8,706
  • Apr 24, 2017 5:14pm Apr 24, 2017 5:14pm
Quoting Ibar51
Anybody know what just happened to the Euro
Hi Barry how is things with you?
In trading, you have to be defensive and aggressive at the same time
  • #8,707
  • Apr 24, 2017 5:56pm Apr 24, 2017 5:56pm
lf
Quoting Davit
{quote} Hi Barry how is things with you?
Hi Davit
Cannot complain am getting back into profit after DD. Trying to stick to 4 hour chart at the moment helps limit trades also with discipline which has always been a flaw in my trading incline to over trade. Still using pivots and using psycho-cybernetics to improve. Good to hear that you and family are all well and how is work going for you still up to your eyes.
  • #8,708
  • Apr 24, 2017 8:01pm Apr 24, 2017 8:01pm
Hi Davit, thanks for sharing such a simple and straight forward trading system, i have applied all the indicators mentioned by you, but i found there is very little difference in your charts and min like (using Oanda) on AU my PP is 0.75467 and yours show 0.75513 , is this difference negligible as pp are not sharp number its a price zone only, or am i missing some thing ? i would appreciate if you can tell me what is your favorite trading time and average position duration of trades. here is my AU Chart.

Thanks again your share
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  • #8,709
  • Apr 24, 2017 8:12pm Apr 24, 2017 8:12pm
Quoting jojiz
Hi Davit, thanks for sharing such a simple and straight forward trading system, i have applied all the indicators mentioned by you, but i found there is very little difference in your charts and min like (using Oanda) on AU my PP is 0.75467 and yours show 0.75513 , is this difference negligible as pp are not sharp number its a price zone only, or am i missing some thing ? i would appreciate if you can tell me what is your favorite trading time and average position duration of trades. here is my AU Chart. Thanks again your share {image}

If your pivot points are close that's good enough. I've found hold time can be a couple of days, but there are people here who have held for weeks and raked in thousands of pips.
  • #8,710
  • Apr 24, 2017 8:26pm Apr 24, 2017 8:26pm
Thanks for reply Rub, so what can be Possible TP and ST points?
  • #8,711
  • Apr 24, 2017 9:07pm Apr 24, 2017 9:07pm
Quoting jojiz
Thanks for reply Rub, so what can be Possible TP and ST points?
I've seen people targeting supply/demand or support/resistance areas, pivot points, waiting until there's a clear reversal, or just targeting the weekly pivot. Stops tend to be scaling in using small lost sizes untill you hit the $ amount that's your stop, which is where I tend to fall down, but find what works for you.

Take the time and read at least the first 100 or so pages of the thread. It's well worth it.
  • #8,712
  • Edited 11:11pm Apr 24, 2017 10:40pm | Edited 11:11pm
Hi Davit,

Been reading up about your system/forums for a while now (still going through it), started off in TMS and moved to hear because i liked the candle bar PA better. Watched the videos you suggested by Mark Douglas and read that pdf on your philosophy. I have been trying to fine tune a system that works for me. Just made a NC trade (Thanks to Penci for making me aware) where it hit the R38 and there had been lots of rejections at that level and the angles of the TDI were a nice, strong 5 o clock. Looking forward to getting more use to making mini lots of a set $amount for the day. Thanks for sharing you system bud.

Also I was wondering if my Pivot point was the same as everyone else? Sorry, you get asked this every single time. haha just want to be close enough.

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  • #8,713
  • Apr 24, 2017 11:19pm Apr 24, 2017 11:19pm
Quoting Ibar51
lf {quote} Hi Davit Cannot complain am getting back into profit after DD. Trying to stick to 4 hour chart at the moment helps limit trades also with discipline which has always been a flaw in my trading incline to over trade. Still using pivots and using psycho-cybernetics to improve. Good to hear that you and family are all well and how is work going for you still up to your eyes.
I am glad you doing good Barry.My job is ok nothing special just paying bills what I love is trading!That's what my goal is to be trading full time my own money.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #8,714
  • Apr 24, 2017 11:21pm Apr 24, 2017 11:21pm
Quoting bwarrh
Hi Davit, Been reading up about your system/forums for a while now (still going through it), started off in TMS and moved to hear because i liked the candle bar PA better. Watched the videos you suggested by Mark Douglas and read that pdf on your philosophy. I have been trying to fine tune a system that works for me. Just made a NC trade (Thanks to Penci for making me aware) where it hit the R38 and there had been lots of rejections at that level and the angles of the TDI were a nice, strong 5 o clock. Looking forward to getting more use to making...
Welcome.I suggest clean your head everything from TMS and start fresh here.
You are off 2 pips which is darn good.Nothing to be concern.Good luck
In trading, you have to be defensive and aggressive at the same time
  • #8,715
  • Apr 24, 2017 11:22pm Apr 24, 2017 11:22pm
Quoting jojiz
Hi Davit, thanks for sharing such a simple and straight forward trading system, i have applied all the indicators mentioned by you, but i found there is very little difference in your charts and min like (using Oanda) on AU my PP is 0.75467 and yours show 0.75513 , is this difference negligible as pp are not sharp number its a price zone only, or am i missing some thing ? i would appreciate if you can tell me what is your favorite trading time and average position duration of trades. here is my AU Chart. Thanks again your share {image}
anything less then 10pip difference is fine.Green pips and welcome
In trading, you have to be defensive and aggressive at the same time
  • #8,716
  • Apr 24, 2017 11:34pm Apr 24, 2017 11:34pm
Quoting Davit
{quote} Welcome.I suggest clean your head everything from TMS and start fresh here. You are off 2 pips which is darn good.Nothing to be concern.Good luck
Thanks, yeah, trying to shake off that TMS. heh.
Another pair I've been looking at is AUDNZD, its coming up to a major resist zone at R38
Fundamentals may have a play in this, but for now just something to keep an eye on.

M30:
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H1:
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  • #8,717
  • Apr 24, 2017 11:36pm Apr 24, 2017 11:36pm
Hi guys,great thread been following this thread for a while and I must say its been rewarding. I'll like to ask do you think it would be wise selling usdcad. Thanks
  • #8,718
  • Apr 24, 2017 11:39pm Apr 24, 2017 11:39pm
Quoting ohakaba
Hi guys,great thread been following this thread for a while and I must say its been rewarding. I'll like to ask do you think it would be wise selling usdcad. Thanks
Observing weekly chart.
  • #8,719
  • Edited Apr 25, 2017 12:22am Apr 24, 2017 11:47pm | Edited Apr 25, 2017 12:22am
Quoting ohakaba
{quote} Observing weekly chart.
UC is great spot to short however you must spread your orders price could go another 40-100pips up so idea is to spread your orders.
My idea of trading is net fishing instead of spear fishing.
Since price is a moving target to be a spear fisher requires you to be in front of PC and execute lots of small trades basically scalping but most of us have day jobs and family etc hence net fishing is more appropriate which also means wider SL's my SL is typically 300pips wide which is why I always insist smaller lots to be traded
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In trading, you have to be defensive and aggressive at the same time
  • #8,720
  • Apr 25, 2017 12:05am Apr 25, 2017 12:05am
Highly appreciated Mr Davit. Thanks
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