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Pivot Trading

  • #10,021
  • Jun 12, 2017 7:55pm Jun 12, 2017 7:55pm
Also keeping an eye out for USDCAD, hitting a resistant level.

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  • #10,022
  • Jun 13, 2017 12:23am Jun 13, 2017 12:23am
Quoting sniperdebt
{quote} Patience really does pay,AC Closed & hits parity. CAD Pairs Closed in May UC +5744 Pips AC +31321 Pips Open {} { Sell orders [EA,EU,EC,EJ,EZ,EG]; Buy orders [NJ,CJ]; Watch list [AUD Pairs]; }; // Sell in May and Go away. Have a great day !!! see in {image}
I bet you already have 4 digit pips in profits!
best of luck

---------------------------
Davit, all the respect!, after taking my time and going through the thread few more times, I tried my best to fix my trading problems and I'm starting to finally see green, hope its just the beginning for me.

Best regards!

Quoting bwarrh
Also keeping an eye out for USDCAD, hitting a resistant level. {image}
hey sir,
not that it matters much but that's called support zone
goodluck
  • #10,023
  • Jun 13, 2017 12:25am Jun 13, 2017 12:25am
Hi Davit,
audcad update...Sorry for not posting a screenshot but checked trades at approximately 5.00 am and closed trades before taking a screenshot...not terrible bright at this time of day...O.K closed trades too soon but small fish can be sweet....Ended up with 858 pips .
Thanks again for your tuition.
Ronald
Ronnie Renko
  • #10,024
  • Jun 13, 2017 1:43am Jun 13, 2017 1:43am
Please Davit i want to ask, the multiple entries how do you close them, if they did not hit the Tp and you want to exit, do you use a script or you close the trade one at a time?
  • #10,025
  • Jun 13, 2017 1:59am Jun 13, 2017 1:59am
Quoting olisavictor
Please Davit i want to ask, the multiple entries how do you close them, if they did not hit the Tp and you want to exit, do you use a script or you close the trade one at a time?
He said it multiple times, he closes his trades manually.
If you want a script that closes all the trades in one pair, try this one that fibo38 posted lately.

https://www.forexfactory.com/showthr...83#post9828883
"Letting losses run is the most serious mistake made by most investors."W.O
  • #10,026
  • Jun 13, 2017 2:09am Jun 13, 2017 2:09am
Quoting liamseden
{quote} He said it multiple times, he closes his trades manually. If you want a script that closes all the trades in one pair, try this one that fibo38 posted lately. https://www.forexfactory.com/showthr...83#post9828883
Thanks, I appreciate your quick response.
  • #10,027
  • Jun 13, 2017 3:15am Jun 13, 2017 3:15am
Quoting Davit
NU 7244 61R should be interesting. We had no correction on this for long time {image}
Dear Davit,
thank you very much for your thread, I am going through it right now, i tried to set up pivot points but it differs +- 5 pips against your lines, even it should be ok, i tried

Because of accurate entries I think I should it have same as all here

I tried broker´s candle tru and false with all 24 hours

Sorry if I bother you

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  • #10,028
  • Jun 13, 2017 3:22am Jun 13, 2017 3:22am
Quoting Mhons
{quote} Dear Davit, thank you very much for your thread, I am going through it right now, i tried to set up pivot points but it differs +- 5 pips against your lines, even it should be ok, i tried Because of accurate entries I think I should it have same as all here I tried brokers candle tru and false with all 24 hours Sorry if I bother you {image}
Hi Mhons,

you really have to look at them as zones, not specific price values. Mine aren't exactly the same as Davit's and that really shouldn't matter that much for the system. No one here will have exactly the same entries, especially since we're taking multiple smaller entries.

Cheers!
  • #10,029
  • Jun 13, 2017 3:22am Jun 13, 2017 3:22am
Quoting Mhons
{quote} Dear Davit, thank you very much for your thread, I am going through it right now, i tried to set up pivot points but it differs +- 5 pips against your lines, even it should be ok, i tried Because of accurate entries I think I should it have same as all here I tried brokers candle tru and false with all 24 hours Sorry if I bother you {image}
Davit has answered this many times
5 pips difference is ok.
You won't get the exact same pivots unless you use the same broker as Davit.
All of us use different brokers and make pips.
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  • #10,030
  • Jun 13, 2017 4:15am Jun 13, 2017 4:15am
Mhons , my weekly pivot point for this pair is 0.7673 . As mentioned above by nightpipper7 , Davit has answered this many times. The key to this thread is , READ IT IN ITS ENTIRETY AND THEN READ IT AGAIN AND AGAIN !!!!!

Price action (PA) will all of a sudden HIT YOU RIGHT IN THE FACE , provided you look at EVERY CHART. I bring this up because the two go hand in hand PA and pivot points (PP) equals stunning success. Small lot sizes eliminates fear , which will help you infinitely , psychology.

Just trying to help you as Davit and many others have helped me. Davit cannot help all of us if he is continuously asked questions which have already been answered on this thread many , many times. No excuse for NOT READING HIS THREAD THOROUGHLY !!

As a benefactor of this thread , I am going to attempt to answer the mundane questions so as to relieve some of the "pressure" off of his list of daily replies, we all owe it to Davit so that he can focus on his own trading.

Ask too many mundane questions and I submit to you , DAVIT WILL BAN YOU FROM THIS THREAD !!! This thread is an EDUCATIONAL GOLD MINE !!
Regards ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #10,031
  • Jun 13, 2017 4:40am Jun 13, 2017 4:40am
Good morning guys
Nice little drop on EG and NC still holding very large positions on both.NZD should crack soon but she is reslient
Weds should be fun Feds on rates.Judging by the price action so far market is not convinced of rate hike otherwise USD bulls would of started their drive but anything can happen!
In trading, you have to be defensive and aggressive at the same time
  • #10,032
  • Jun 13, 2017 4:44am Jun 13, 2017 4:44am
Quoting MrAnderson
AUD/CAD Targets: 138S,161S {image} EUR/CAD Targets: Beyond 200s {image} NZD/CAD Target zone: Not sure yet {image} USD/CAD Targets: 138S,161S {image} Great stuff Davit! So happy I found and employed your method!

Closed all CAD trades a few minutes ago.
I will wait for a retrace long on the CAD pairs and enter short again.
  • #10,033
  • Jun 13, 2017 4:45am Jun 13, 2017 4:45am
EG - plan to scale in around pivot depending on PA
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Fall seven times, stand up Eight! #GGMU
  • #10,034
  • Jun 13, 2017 4:52am Jun 13, 2017 4:52am
I'm in on this one as well VickyM

EUR/GBP
Short 4 positions

Targets: 161S, 0.8375 area

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  • #10,035
  • Jun 13, 2017 4:57am Jun 13, 2017 4:57am
Quoting GreenEarth
Mhons , my weekly pivot point for this pair is 0.7673 . As mentioned above by nightpipper7 , Davit has answered this many times. The key to this thread is , READ IT IN ITS ENTIRETY AND THEN READ IT AGAIN AND AGAIN !!!!! Price action (PA) will all of a sudden HIT YOU RIGHT IN THE FACE , provided you look at EVERY CHART. I bring this up because the two go hand in hand PA and pivot points (PP) equals stunning success. Small lot sizes eliminates fear , which will help you infinitely , psychology. Just trying to help you as Davit and many others have...
Thank you very much for your answer.
I will do my homework and read it again.

Regards.
  • #10,036
  • Edited 9:55am Jun 13, 2017 5:15am | Edited 9:55am
Davit, I like your thread and the discipline you keep. The combination method shows yet another way to trade succesfully. Good work.
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  • #10,037
  • Jun 13, 2017 5:36am Jun 13, 2017 5:36am
Long USDCAD
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  • #10,038
  • Jun 13, 2017 5:36am Jun 13, 2017 5:36am
Quoting AlexC
Davit, I like your thread and the discipline you keep. The combonation method shows yet another way to trade succesfully. Good work. {image}
Hi Alex
Welcome! Its nice having experienced trader like you here.I try to keep this method consistent and on track and prove is page 1 template is same as last page here no added indicators or pile of "improvements" that typically kills threads like TMS where beginning has no relation to what is being traded now.
My goal is rabid equity building and I think based on my equity curve I have been successful.
Regards and looking forward for your trades.
below since Jan 2017
No deep valleys or major spikes.
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In trading, you have to be defensive and aggressive at the same time
  • #10,039
  • Jun 13, 2017 5:48am Jun 13, 2017 5:48am
Quoting langtoni
Long USDCAD {image}
There is a fundemetal shift here Not selling the CAD
which means no long UC

Dbl bottom but could drop to 1.30
This is just my opinion but you do have pivots on your favor.Personally not taking this trade.
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In trading, you have to be defensive and aggressive at the same time
  • #10,040
  • Jun 13, 2017 6:02am Jun 13, 2017 6:02am
Cad looks like on steroids.
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