Pivot Trading
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Thread: Pivot Trading

  1. #1
    Disclaimer
    If you've got less then 2years of experience Forex I recommend not even attempting my system.
    This requires comprehension of PA and that I won't reply dull questions and if you should ask basic trading 101 questions that I shall ban you from this particular thread.
    Not responsible for your losses or gains.

    Please use my own template and indiors only.
    This is so we are on same page and stick with what is being shared here.
    If you do post with added indiors you will be removed from the thread without warning!

    Five fundamental truths:
    1. Anything can happen.
    2. You don#8217;t need to know what will happen next in order to generate money.
    3. There is a random distribution between wins and losses for any given pair of factors that
    define a border.
    4. An advantage is nothing more than an indiion of a greater probability of a single thing occurring
    over another.
    5. Every moment on the market is unique.
    #8211; Mark Douglas

    Hi guys
    love pivots! Love TDI that is RSI MA rest of fluff I took it outside.
    This is the best way to trade pivots.
    As price travels progressively from each week pivot it becomes more likely to go into correction.
    61 S/R main zone 78R/S is Scott Carney's last chance for alteration (spikes stops taken before reversal) 100R/S another major zone.
    Should price smash 100 S/R then you are in strong trend supported by fundamentals.
    Pivots can be traded both with the tendency and against.I personally don't subscribe to typical bookish emotionally that if preceding H4 is bear then premise ought to be another bear candle.This is quite incorrect way to look at the markets.Markets are in constant movement and inside 1 H4 candle price can move reverse over 100pips against preceding candle so its not about preceding candles but where price is in relative to pivots.In straightforward terms Loion is what is crucial.
    I trade 15-30min charts however larger works as well.
    TDI is our friend.When price hit major pivots we wait patiently for TDI to turn thus confirm the transfer. Angles significant if its PA is weak or consolidating thus avoid trading.PA is king always!

    Pivot is based on broker time start and that varies from broker to broker.My broker is NY based thus if you are in that time zone no need to change anything however if you reside outside this zone you need to correct the pivot to match mine.
    In order to move the pivots you need to take these steps.
    Get into indy settings. Establish brokers candle to false . This is the key to having the ability correct the pivots up and down
    'Choose H1 start candle': ' 2016 06 19 05:00
    'Choose H1 complete candle': 2016 06 24 05:00
    (5.00 a.m. may not work on your chart so try different hours until pivots line up).
    Fiddle with the hour on your 'Choose H1 start candle/finish' settings to get it to line up with my pivots. When you discover the hour place the start candle and then complete candle. Once adjusted save as template and use that on each pair.
    Upgraded Pivot indi just change time zone and broker candle false
    should function wherever you reside


    STOP LOSS
    1 Pick how much every single swing is worth example $500
    2. Divide $500 into mini lots for multiple entrances example .50c a pip gives 1000 pip space
    3. This permits averaging in orders as seen fit irregardless if preceding orders are in red
    4. Orders are placed provided that reason for trade is still legitimate
    5. If conditions change loss is accepted since orders aren't placed all at once this permits smaller reduction
    Swings
    Every single investment $500 (example yours might be anything)
    Swing is accepted as reduction once -$500 is reached
    there aren't any exceptions.No running red beyond $500
    Orders broken down into mini lots that suits each swing consist of 10-15 trades
    My funding for this is 2-3% of account risk say $500 for example.I then enter trades on mini lots provided that my 500 is not absorbed on DD and I am still convinced of my trade that I remain on it.I may choose to get out early but many times my SL is predetermined.This lets me throw a wider net. So my 10mini lots can cover 50pip space hence capture better RR
    There is advantage to trade that way.Should PA go against you and you no more like the trade you can get out by portion of lot spent hence your reduction is minimal instead of traditional 1 trade 1lot per trade when if incorrect loss is considerably greater.
    Amounts posted are for cases only


    Note quite important this system does not work best with hyper pairs that usually have over 120pip ADR such as GJ GA GN etc
    From numerous trial and mistakes low ADR pairs fits the best within my method
    Pairs I trade most often
    UC AC NC EA AU GU NU AN EU

    This can be progress trading
    I won't answer inquiries such as
    What is pivot/ service resistance/ price action/Fibonacci trading etc.For that check out babypips.com
    Note this isn't TMS.Nothing I do is related except I use TDI
    Anglelator is there to find out what PA is performing on other TF's developed by Griffinsoul and his group of contributors.Its not a signal only a supportive actor.

    If you are harmonic trader you'll find this fib pivot indior often corresponds on crucial zones.


    Books that will help you

    Trading in the zone
    The Disciplined Trader: Developing Winning Attitudes Mark Douglas
    Trading in the Zone Mark Douglas
    P-Cybernetics, A New Way to Get More Living Out of Life Maxwell Maltz
    The Keys to Emotion Free Trading Larry Levin (clipboard under s abode)
    Harmonic Trading, Volume One: Profiting from the Natural Order of the Financial Markets Scott M Carney
    Volume 2 as well
    Free publiion with him on clipboard (theht)

    Required to watch videos by Mark Douglas
    https://www.forexforum.co.za/attachm...0165805990.mq4
    https://www.forexforum.co.za/attachm...1779710447.ex4
    https://www.forexforum.co.za/attachm...5261779915.mq4
    https://www.forexforum.co.za/attachm...2063014160.ex4
    https://www.forexforum.co.za/attachm...1266562929.mq4
    https://www.forexforum.co.za/attachm...1953559767.ex4
    https://www.forexforum.co.za/attachm...3833665123.mq4
    https://www.forexforum.co.za/attachm...1214750714.mq4
    https://www.forexforum.co.za/attachm...2012362973.mq4
    https://www.forexforum.co.za/attachm...9134727478.tpl

  2. #2
    Quote Originally Posted by ;
    EG SL struck 628.86 image
    Wonderful!!

  3. #3
    Nice 30min textbook trade
    Missed it,has been sleeping.Potential to go higher

  4. #4
    @ Great post great system great indi's Thank you for sharing with everybody
    by the way this is my first post in this thread so that I would like to share a chart setting which looks to be an opportunity out of my somewhat not fully developed yet comprehension of the whole setting working on the chart

  5. #5
    Hi ,
    Thank You to This thread I've read your journal and like How You're trading , Expect that I'll gain more knowledge from this thread

  6. #6
    Quote Originally Posted by ;
    quote Your commerce does not show but I assume you have shorted USDCHF. SNB favors a franc and have said publicly lately. SNB is famous for their manipulations. Be cautious buying the franc right now. Plz add pivots to your charts, they will help
    best not even exchange that garbage CHF I don't have it on my chart do not even look at it.
    -.75 rate even maintaining it 1 day you will pay good chunk swap.I have posted this multiple times here but new guys new errors...

  7. #7
    for my haters. 4day results up to now! Only posting for all these morons since I know they can not trade and reach consequences like mine therefore resort to insults and fabriions.Keep dreaming! Yes idiots its a 66k soon to be 67k genuine account! And not so past was 30K!!

  8. #8
    This was good. I prefered to close before Trump.

  9. #9
    Quote Originally Posted by ;
    quote Safe journeys back house and wishing you a speedy recovery . If I'm still not blocked after this post and if I receive an official invitation from one to contribute, I'd like to contribute in this thread but I can expect only regret from that choice by you and your followers :--RRB- Just for the record, I did not make any requirements or expressed any distrust in your functionality or threw dirt on your integrity. Others assumed that to be the case by default that's very common with followers who have their blinders on (call it Stockholm Syndrome)...
    Why not take some time to learn the egy achieve some results good or bad, then make your decision based on said results? Rather than accusing of being the captor and the participants of being hostages.

  10. #10
    Quote Originally Posted by ;
    quote I have been trading calendar events since 2012 today and that's the way I regained all my forex losses from 2006. - There is no mention of calendar in your first post. Even though I find myself in exile here, I'd love to see it if somebody can point at which I could find it-
    Yes, this status indies you aren't in the right mindset , a separation will be good to have a think and reflect where your going wrong .Trading is not for everybody too and the sooner you realise this the better. Like preaches have a read trading in the zone , if not in the zone and confident you'll never succeed.

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