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Pivot Trading

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!
Feels right this time!
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
Recovery Factor. The pips are negative. The profit in positive.
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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
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
NZD/JPY: Short
Target: 77.29

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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.
EG short 4 positions

Reasoning: TDI crossed at R38 pivot point

Thanks Davit.

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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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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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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
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.
UC level seems good to buy I think. Lets wait.
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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
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I know one thing, that I know nothing - Socrates
Quoting Tamarind77
{image} {image}
Hi Tamarind.Could you please share the Newspanel indicator settings of yours?
Thanks.
Quoting Tamarind77
{image} {image}
nice steps there
In trading, you have to be defensive and aggressive at the same time
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
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
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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GreenPips23