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mch1970 replied Nov 16, 2016Hi Davit - I know the feeling. We have just taken on a new business and my travel has gone up exponentially. I'm writing this from Heathrow airport on way to Amsterdam! Hardly get any time at moment to trade properly, but the thread is strong with ...
Pivot Trading
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mch1970 replied Nov 11, 2016What a week. Great to see so many green pips being piled up. Massive testimony to the effectiveness of the system, when applied correctly. Been pretty busy with more work travel around Europe, so experimented with an app called 'Trade Interceptor' ...
Pivot Trading
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mch1970 replied Nov 7, 2016Hey Davit - Hope the new job is going well. Been hectic with work myself and haven't been able to post as much, so will take opportunities whilst I can to add to the thread. Also exited EC for +440 pips. Started to move south again, but profit is ...
Pivot Trading
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mch1970 replied Nov 2, 2016Just exited AJ for +600 pips. Pretty simply set-up; short around the R61 zone and stayed in until S38 zone. image Same result held true for Arjun - our entry and exit points were almost identical based on pivots and price action around those key ...
Pivot Trading
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mch1970 replied Nov 1, 2016Loaded back up on the AUD shorts. AJ +343 from around R61 image Also short AC, currently +90 pips from between R38 and R61 which was the rejection of last week high. EC also approaching R61 zone, which has proven somewhat of a ceiling to price ...
Pivot Trading
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mch1970 replied Nov 1, 2016Outerwest- your point may well be a valid one - but this thread is not the place for it. In over 4,500 posts, no-one has come remotely close to mentioning this as an issue. This is also not a thread for those with minimal (less than 2 years) trading ...
Pivot Trading
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mch1970 replied Nov 1, 2016With all due respect Outerwest - this discussion is way off line for this thread. Stick to posting about pivots and the trades you take, or set-ups you are looking to take, or Davit will ban you from this thread.
Pivot Trading
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mch1970 replied Oct 28, 2016Just mentioned the EA trade set-up in my last post - and Arjun has a perfect example of how to trade this. Bounce off S61 and caught big green pips on the upswing. Nice trading.
Pivot Trading
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mch1970 replied Oct 28, 2016Unfortunately a very light week of trading for me as work travel has intervened. My focus was on the AUD pairs and gained just over +1000 pips across AU, AC, ACHF and AJ. Proved to be a really good exercise in purely focusing on some of the really ...
Pivot Trading
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mch1970 replied Oct 28, 2016Great post Arjun. I'm also a great fan of the daily candle as a means of assessing trade entry set-ups, with the lower time frame candles used for trade management, whilst in a position.
Pivot Trading
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mch1970 replied Oct 25, 2016In thinking how to make this work, what I suggest is that if anyone want to use my format, the best plate to start if Davit's pivot template. Essentially I only make one addition to the template, which is the Auto-pivot-plotter-weekly-V2 indicator ...
Pivot Trading
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mch1970 replied Oct 20, 2016Sure no problem. Will post it up and provide some comments around how I set it up. Very commendable money management on your recent trades. Have to say if you end a month positive after Black Swan event, you have to be doing something right.
Pivot Trading
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mch1970 replied Oct 20, 2016In the same boat - have my army lined up - but very little price action. Waiting patiently is a much underrated skill!
Pivot Trading
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mch1970 replied Oct 19, 2016Nice work Arjun. Also short NU and AU from R61. Chinese data mixed and industrial production down so AUD and NZD may soften away from recent highs. Glad the EG and GU trades worked out. Some monster green pips there.
Pivot Trading
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mch1970 replied Oct 15, 2016Hi Arjun Just a few thoughts on EG. At the moment this pair is almost impossible to predict direction wise. Another piece of bad news re UK Brexit and sterling could retest lows against USD and this could send EG higher. Added to this, the Euro is ...
Pivot Trading
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mch1970 replied Oct 14, 2016Hi Fibo38 - just be careful with your set-up. You have to watch the price action on fast moving pairs like EA, otherwise you can take unnecessary DD. Couple of observations; 1. EA price action clearly downward. Wait for a 1hr or 4hr rejection / ...
Pivot Trading
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mch1970 replied Oct 14, 2016Short UC from 1.32500. Took partial profits of +250 pips and have +212pips on remaining batch of 5 trades. Figured the daily BEOB from yesterday might provide some continuation down. Approaching S38 where we might bounce. Currently only 62% of daily ...
Pivot Trading
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mch1970 replied Oct 13, 2016With you on this one. Just had a daily bearish engulfing outside bar (BEOB) on UC. No doubt there will some movement back towards pivot, but again we could test the S38 - S61 zone tomorrow.
Pivot Trading
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mch1970 replied Oct 13, 2016Yes - each week the next pivot S/R levels are auto updated and are exactly in line with Davits pivots indicator. You don't have to do anything to the settings - you can amend colours if you wish.
Pivot Trading
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mch1970 replied Oct 13, 2016I've had a few PM's recently, regarding the way my charts are set up, compared to Davit's. Essentially they are exactly the same. I use Davit's template with one addition called the Auto pivot weekly plotter. (it's included in the paperclip) The ...
Pivot Trading