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Pivot Trading

  • #9,961
  • Jun 12, 2017 1:37am Jun 12, 2017 1:37am
Quoting Davit
{quote} Hi welcome I have had no time to compile important posts and do understand reading 498pages is becoming challenging.Will try to reduce it to PDF cheers καλως ΗΡΘΑΤΕ
Thank you, welcome!
Looking for profitable short term trades ...|
  • #9,962
  • Jun 12, 2017 1:54am Jun 12, 2017 1:54am
Quoting Davit
{quote} yes example leading up to Feds this week weds should be bullish for USD up to that decision on rates. So I won't sell USD!! Example I wont buy NU AU EU or GU but likely to sell specially NU You can call it sentiment but I prefer it being on right side with fundamentals and that changes week to week
Thanks for reply, how about those contrarian sentiment, for example when oanda publishes its customer position or CFTC publishes each week, and contrarian sentiment says we have to take position against the crowd, could it be a case to consider in addition to what you mentioned above?
Thanks
  • #9,963
  • Jun 12, 2017 2:28am Jun 12, 2017 2:28am
Recovery Factor. The pips are negative. The profit in positive.
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  • #9,964
  • Jun 12, 2017 3:13am Jun 12, 2017 3:13am
Quoting alikabiri
{quote} Thanks for reply, how about those contrarian sentiment, for example when oanda publishes its customer position or CFTC publishes each week, and contrarian sentiment says we have to take position against the crowd, could it be a case to consider in addition to what you mentioned above? Thanks
You are removed from here! this thread is not for you.Not going to waste my time deconstructing your believes that have nothing to do with this system furthermore have not seen a single trade from you!
green journey somewhere else
In trading, you have to be defensive and aggressive at the same time
  • #9,965
  • Jun 12, 2017 3:41am Jun 12, 2017 3:41am
Its really interesting that people who are ready for this thread they get it start making money from get go and others have pile of questions and feel entitled for answers.
Does not take long to see who these individuals are! If someone applied this system demonstrated trades and had a valid question then I would be more then willing to help and answer but I am not going to waste time on time wasters
In trading, you have to be defensive and aggressive at the same time
  • #9,966
  • Jun 12, 2017 4:25am Jun 12, 2017 4:25am
NZD/JPY: Short
Target: 77.29

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  • #9,967
  • Jun 12, 2017 8:06am Jun 12, 2017 8:06am
Still reading this thread, im on page 60.

Took a buy-trade on silver S61.

Thank you Davit!
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And i'm using MT4 demo account for visual, since the template don't work with MT5 which i trade live with.
  • #9,968
  • Edited 9:29am Jun 12, 2017 8:32am | Edited 9:29am
EG short 4 positions

Reasoning: TDI crossed at R38 pivot point

Thanks Davit.

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  • #9,969
  • Jun 12, 2017 9:58am Jun 12, 2017 9:58am
GU Long 5 Positions

Reasoning: TDI crossed at S38 pivot position and seems to be a Rejection area.

Thanks Davit and all

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  • #9,970
  • Jun 12, 2017 11:04am Jun 12, 2017 11:04am
I have been trading for circa 5 years....the only and main psychological barrier I face is letting winners run.....getting out too early with little profit.....

I am relatively new to Davit's strategy, mainly pivot points....i have a great deal of experience with price action and harmonic patterns

Today I took EURNZD short at the WPP....TDI crossed over.....there was some structure to the left.....the trade started to move in my favour and again I found myself getting out early. The only reason being that I didnt have the experience with trading off the WPP.....i was fine in all previous trades from levels further away from WPP i.e the R and S levels....

I checked the trade later and saw my analysis was correct.....reading Trading In the Zone is really helping.....but I just wanted to note it here in case other traders commit these errors too....I will remain true to my initial analysis going forward until the market tells me otherwise - thats my mantra
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  • #9,971
  • Jun 12, 2017 11:10am Jun 12, 2017 11:10am
Quoting langtoni
I have been trading for circa 5 years....the only and main psychological barrier I face is letting winners run.....getting out too early with little profit..... I am relatively new to Davit's strategy, mainly pivot points....i have a great deal of experience with price action and harmonic patterns Today I took EURNZD short at the WPP....TDI crossed over.....there was some structure to the left.....the trade started to move in my favour and again I found myself getting out early. The only reason being that I didnt have the experience with trading...

I think the main reason is that you are entering the market with a high risk so you panic when you see DD and then the minute it turns out in profit you close the trade. In some way to avoid the pain of having a negative balance again.
If you read this thread there are alot of MM strategies that will help you overcome this psychological barrier. And read Mark Douglas book, it's very important to understand the issue.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #9,972
  • Jun 12, 2017 11:17am Jun 12, 2017 11:17am
Quoting langtoni
I have been trading for circa 5 years....the only and main psychological barrier I face is letting winners run.....getting out too early with little profit..... I am relatively new to Davit's strategy, mainly pivot points....i have a great deal of experience with price action and harmonic patterns Today I took EURNZD short at the WPP....TDI crossed over.....there was some structure to the left.....the trade started to move in my favour and again I found myself getting out early. The only reason being that I didnt have the experience with trading...
Do you use a Harmonic indicator? thanks for the reply.
  • #9,973
  • Jun 12, 2017 11:43am Jun 12, 2017 11:43am
UC level seems good to buy I think. Lets wait.
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  • #9,974
  • Jun 12, 2017 11:43am Jun 12, 2017 11:43am
Quoting langtoni
I have been trading for circa 5 years....the only and main psychological barrier I face is letting winners run.....getting out too early with little profit..... I am relatively new to Davit's strategy, mainly pivot points....i have a great deal of experience with price action and harmonic patterns Today I took EURNZD short at the WPP....TDI crossed over.....there was some structure to the left.....the trade started to move in my favour and again I found myself getting out early. The only reason being that I didnt have the experience with trading...
Hi friend
Try splitting your account 1 with quick profits and 2nd hold trades.These way you can qualitatively measure the difference
Think in swings.
For inspiration read Sniperdebt's posts.He is the master of holding.

EG is trying hard to reach 61R 8892
I stopped adding to it.Going to let it be for now
In trading, you have to be defensive and aggressive at the same time
  • #9,975
  • Jun 12, 2017 12:02pm Jun 12, 2017 12:02pm
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I know one thing, that I know nothing - Socrates
  • #9,976
  • Jun 12, 2017 12:08pm Jun 12, 2017 12:08pm
Quoting Tamarind77
{image} {image}
Hi Tamarind.Could you please share the Newspanel indicator settings of yours?
Thanks.
  • #9,977
  • Jun 12, 2017 12:13pm Jun 12, 2017 12:13pm
Quoting Tamarind77
{image} {image}
nice steps there
In trading, you have to be defensive and aggressive at the same time
  • #9,978
  • Jun 12, 2017 12:21pm Jun 12, 2017 12:21pm
wow sudden UC drop
News?
Gov Council Member Wilkins Speaks
and maybe less stimulus.Works for me
In trading, you have to be defensive and aggressive at the same time
  • #9,979
  • Jun 12, 2017 12:23pm Jun 12, 2017 12:23pm
Quoting Davit
wow sudden UC drop News? what's up
Looks like the news came 15 minutes before its schedule.

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http://www.bankofcanada.ca/2017/06/c...gth-diversity/
"Letting losses run is the most serious mistake made by most investors."W.O
  • #9,980
  • Jun 12, 2017 12:23pm Jun 12, 2017 12:23pm
What is happening to CAD. It is happening a strong CAD bullish movement. After I bought, 15 minutes later it went opposite. It is boring.
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