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Pivot Trading

  • #9,021
  • May 8, 2017 8:00am May 8, 2017 8:00am
Quoting Flyangler
{quote} here it goes... {image}
you are removed from here apparently you can't read instruction.Hint 1st page in orange
In trading, you have to be defensive and aggressive at the same time
  • #9,022
  • Edited 8:16am May 8, 2017 8:00am | Edited 8:16am
Quoting jeffm
{quote} how about telling us how you do such a great job. How many trades on each pair do you take to get that many pips?
Quoting jeffm
{quote} Thanks for your reply. It's pretty pathetic, showing thousands of pips and not helping others to benefit from some of his experience.
Hi jeffm,

Assuming you have almost 7 years experience in trading. Not really sure why you were asking in the first place.

my view on AC

1.https://www.forexfactory.com/showthr...08#post9690508
2. https://www.forexfactory.com/showthr...69#post9769769
3. https://www.forexfactory.com/showthr...31#post9772031
4. https://www.forexfactory.com/showthr...38#post9829738
5. https://www.forexfactory.com/showthr...30#post9835130

The reason i'm turning off my trade orders on some charts, just want to keep it simple/clean and to show some respect to the thread owner Mr. Davit.

some quote from 1st pages
Quote
Please use my template and indicators only.
This is so we are all on same page and stick with what is being shared here.
If you do post with added indicators you will be removed from this thread without warning!

Anyway Good Luck my friend, enjoy and be patience.
  • #9,023
  • May 8, 2017 8:04am May 8, 2017 8:04am
Quoting sniperdebt
{quote} {quote} Hi jeffm, Assuming you have almost 7 years experience in trading. Not really sure why you were asking in the first place. my view on AC 1.https://www.forexfactory.com/showthr...08#post9690508 2. https://www.forexfactory.com/showthr...69#post9769769 3. https://www.forexfactory.com/showthr...31#post9772031 4. https://www.forexfactory.com/showthr...38#post9829738 5. https://www.forexfactory.com/showthr...30#post9835130...
GM Sniper
I enjoy your posts and you have demonstrated in real time value of patience.You have shown potential of this system in a new way.
thank you and continue on.
In trading, you have to be defensive and aggressive at the same time
  • #9,024
  • May 8, 2017 8:11am May 8, 2017 8:11am
Quoting Davit
{quote} Jeff Sorry but I am removing you from here.I can't have bickering on this thread which is very common in FF threads.I try to create a thread where environment creates synergy for overall great place to grow and learn from each other. green pips

Well done. Baseless complaints. Sniperdebt highly valued contributor, as other appreciative members have confirmed.
  • #9,025
  • May 8, 2017 8:27am May 8, 2017 8:27am
USDCAD weekly pivot area rejected , look like a nice short target -100 area later this week
  • #9,026
  • May 8, 2017 8:28am May 8, 2017 8:28am
Quoting Davit
{quote} GM Sniper I enjoy your posts and you have demonstrated in real time value of patience.You have shown potential of this system in a new way. thank you and continue on.
The posts help me understand how to manage trades to best potential. Taking entries is pretty simple for me and I'm enjoying learning how to manage multiple trades within the system.

Seeing it done real time is golden!

Private Msgs are turned off to weirdos, loafs and brain drainers
  • #9,027
  • May 8, 2017 8:30am May 8, 2017 8:30am
Good morning guys
My positions on EC is biggest ever I traded.Should drop 200pips south which I anticipate will make my 2Q overall super stellar.Nothing is guaranteed so trade what you feel comfortable.
so far 1st week of May
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 13 KB
In trading, you have to be defensive and aggressive at the same time
  • #9,028
  • May 8, 2017 8:52am May 8, 2017 8:52am
Quoting Davit
Good morning guys My positions on EC is biggest ever I traded.Should drop 200pips south which I anticipate will make my 2Q overall super stellar.Nothing is guaranteed so trade what you feel comfortable. so far 1st week of May {image}
GM!
Inspiring results indeed!
Are you assuming this development for the EC pair also based on the expected appreciation on of brent Oil price for the coming days or is it pure technical analysis?
Regards
Trading: the world's hardest way to make easy money.
  • #9,029
  • May 8, 2017 9:07am May 8, 2017 9:07am
Quoting BenNeriah
{quote} GM! Inspiring results indeed! Are you assuming this development for the EC pair also based on the expected appreciation on of brent Oil price for the coming days or is it pure technical analysis? Regards
Both technically its at major resistance and I anticipate Oil going up 50 again
The Organization of Petroleum Exporting Countries will meet on May 25 to decide whether to continue its production cuts, aimed at ending a slump that battered the economies of energy exporters around the world.
Dumping may start before 25th
Little contrarian on my part.Almost everyone assumes Euro will appreciate based on results of French elections however I think that's been already priced in.Euro troubles are still there and elections have not changed anything.
In trading, you have to be defensive and aggressive at the same time
  • #9,030
  • May 8, 2017 9:19am May 8, 2017 9:19am
Quoting Davit
{quote} Both technically its at major resistance and I anticipate Oil going up 50 again The Organization of Petroleum Exporting Countries will meet on May 25 to decide whether to continue its production cuts, aimed at ending a slump that battered the economies of energy exporters around the world. Dumping may start before 25th Little contrarian on my part.Almost everyone assumes Euro will appreciate based on results of French elections however I think that's been already priced in.Euro troubles are still there and elections have not changed anything....
Daily TDI has also crossed. Let's hope they do get "everyone else in line" and cut those exports.
  • #9,031
  • May 8, 2017 9:29am May 8, 2017 9:29am
Quoting Davit
{quote} Both technically its at major resistance and I anticipate Oil going up 50 again The Organization of Petroleum Exporting Countries will meet on May 25 to decide whether to continue its production cuts, aimed at ending a slump that battered the economies of energy exporters around the world. Dumping may start before 25th Little contrarian on my part.Almost everyone assumes Euro will appreciate based on results of French elections however I think that's been already priced in.Euro troubles are still there and elections have not changed anything....
Thank you Davit, your insights are much appreciated.

Btw: I've plotted a SDC (Standart Channel Deviation) on my charts (an indicator does the whole calculation automatically on a weekly basis for the 0.618, 1.0, 1.27, 1.618 and 2.619 levels respectively) + Monthly Pivots + Fibo Levels based on Swing Highs (SH) and Lows (SL), based on my Weekly time frame - all together on the template you have provided and I'm amazed how PA reacts to your pivots but also to the extra added lines. When making screenshots to post them here (as I've done above) it's just easier for me to let them on my charts instead of removing them before posting them here. I hope you don't mind. If you do, plz just let me know and I'll be removing them before posting any further screenshot in here.
Regards.
Trading: the world's hardest way to make easy money.
  • #9,032
  • May 8, 2017 9:42am May 8, 2017 9:42am
Quoting BenNeriah
{quote} Thank you Davit, your insights are much appreciated. Btw: I've plotted a SDC (Standart Channel Deviation) on my charts (an indicator does the whole calculation automatically on a weekly basis for the 0.618, 1.0, 1.27, 1.618 and 2.619 levels respectively) + Monthly Pivots + Fibo Levels based on Swing Highs (SH) and Lows (SL), based on my Weekly time frame - all together on the template you have provided and I'm amazed how PA reacts to your pivots but also to the extra added lines. When making screenshots to post them here (as I've done above)...
Hi Ben
I think this system the way I laid out is more then sufficient. I traded Bollinger Bands ,Standard deviations, break out boxes etc and found simplicity is best.Sure you can add more indicators but you also adding more variables..
Important more then indicators is probability concept.I find most systems here at FF hardly ever mention this as variable.When you listen Mark Douglas talks about dynamic traders moving price then everything you have known MA's BB bands Deviations,Diversions goes out the window.Anything can happen is real and also probabilities are real.Can I lose my trades on EC? Yes! Do I have more then average probability price moving south? Yes!
Its important to realize this fact. Cheers
In trading, you have to be defensive and aggressive at the same time
  • #9,033
  • May 8, 2017 9:45am May 8, 2017 9:45am
still think this gap will close
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #9,034
  • May 8, 2017 9:49am May 8, 2017 9:49am
Quoting sniperdebt
{quote} {quote} Hi jeffm, Assuming you have almost 7 years experience in trading. Not really sure why you were asking in the first place. my view on AC 1.https://www.forexfactory.com/showthr...08#post9690508 2. https://www.forexfactory.com/showthr...69#post9769769 3. https://www.forexfactory.com/showthr...31#post9772031 4. https://www.forexfactory.com/showthr...38#post9829738 5. https://www.forexfactory.com/showthr...30#post9835130...
jeffm, hopefully you still able to see this post.

Here are few potential opportunities on AC Monthly TF. YES, monthly TF. Time will tell.

Have a good day to all traders and trade your plan accordingly.

Time to take a break...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADDailyup.png Size: 209 KB
Click to Enlarge Name: AUDCADMonthly.png Size: 188 KB
  • #9,035
  • Edited 12:37pm May 8, 2017 10:06am | Edited 12:37pm
Quoting Davit
still think this gap will close {image}
Gotcha!
I've watched all 4 MD videos and started reading his 2 recommended books.
Awesome stuff indeed.
Regards
Trading: the world's hardest way to make easy money.
  • #9,036
  • May 8, 2017 9:28pm May 8, 2017 9:28pm
Gah, thought I entered this trade well with a huge spike at s38, but I completely disregarded the TDI and didn't notice how there was still room for downward movement. Bad error on my part and the fact that there was the retail sales announcement today (Mini lots hit all my SL). Was I wrong to think that because China's trade balance was positive, there would be an upward effect on Aussie currency?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD D1.jpg Size: 231 KB
  • #9,037
  • May 8, 2017 11:51pm May 8, 2017 11:51pm
Trading is not a team sport, I have silently been honing my craft for years, I have a strict rule to never follow Gurus. I have used FF for years and only recently (once this thread reached 1 year birthday) decided to create a profile. Humbled at your insight, honored to be here.

Cheers!
"Not all those who wander are lost." - Tolken
  • #9,038
  • May 9, 2017 12:58am May 9, 2017 12:58am
Wow look at the Aussie dollar prior to the Budget to-night...0.7354....Will be able to use $10 notes to light the Barbecue soon...O.K I do not have a Crystal Ball but there may some nice picking in the near future..Watching Davits Pivot levels..
Ronald
Ronnie Renko
  • #9,039
  • May 9, 2017 1:16am May 9, 2017 1:16am
Quoting bwarrh
Gah, thought I entered this trade well with a huge spike at s38, but I completely disregarded the TDI and didn't notice how there was still room for downward movement. Bad error on my part and the fact that there was the retail sales announcement today (Mini lots hit all my SL). Was I wrong to think that because China's trade balance was positive, there would be an upward effect on Aussie currency? {image}
O.K it is not for me to offer advice but 80% of the time when I try to second guess the market I lose...Look at your Pivot level.Davit advises folks to look at the 100 level until they gain experience with this style of trading..I certainly do.
Ronald.
From Aussie Land
Ronnie Renko
  • #9,040
  • May 9, 2017 1:29am May 9, 2017 1:29am
Quoting Ced74
{quote} O.K it is not for me to offer advice but 80% of the time when I try to second guess the market I lose...Look at your Pivot level.Davit advises folks to look at the 100 level until they gain experience with this style of trading..I certainly do. Ronald. From Aussie Land

Yeah, it was just my poor judgement. Still working on the experience part, thanks for the reply. I hope you can use 10$ notes to BBQ some burgers for me soon .
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