Mother of all Pivots.

Tavnaz

Well-Known Member
#1
Hello All,
I start this thread to track my trades and along with that to introduce fellow traders to some great enriching concept of trading.
Which are mainly:
Discipline for following your System.
Money Management.
My method of Super Duper Confluence.

I will start up with general discussion of Confluence.
Confluence is a traders weapon to line up things in his favors.
Its like a checklist of mental and physical aspects.
Plz see a Sample Confluence as below:

RSI : Overbought
Price nearing A resistance
Macd Shows Divergence
The Kumo in Ichi is flat and overhead the region.
Plotting a Fib we see that the 61 fib is there too.
We have several factors lining up in our favor.
that is confluence.and just increases your chance of winning a trade many folds.
Once you know theres confluence the next thing is acting on it.
Place a pending order say 5-6 pips there or a market order.
Then put a stop loss point safely hidden behind a rich orderflow.
Set your TP
Then let it rip,while you hunt some more trades.

A Sample Chart:



Back to my Den.
Taz
 

Tavnaz

Well-Known Member
#2
Target reached:
It bounced off from TP point.
The 0.9527 line was confluent 2 fibs and S/R,moreover the testing of bottom is taking place.
Expect several pullbacks.
 

Tavnaz

Well-Known Member
#5
Don't believe the Power of Confluence.
Same Chart of GBP/USD,never changed a single line.
Still bouncing my pivots.
Lol
Back to den.
 

Tavnaz

Well-Known Member
#7
I will post calls now,live ones from my charts.
I wont write the numbers but will post where to buy sell using charts only.
I will analyze a pair,draw my lines then post here.
Possibly USD/JpY or Euro/USD
Regards
Taz
 

Tavnaz

Well-Known Member
#8
WHy do you call it a Mother of All Pivots!!! I do not trade hence my query may be very basic!
Dear Rkkarni,
If you have been watching my path to trading,i traded PA(candlesticks first).
Then i moved on to S/R.

Over the past months hibernating,when i was not posting,i went to another big school of trading.
It was Super Confluence,trading using pure supply demand zones.

Ofcourse a 61.8 fib +S/R is just 2 things.
But Super confluence is a mother of all lines.
As you would know that trading is stacking odds in your favor.
So more the confluence the more my chances of win.

I call them mother of all pivots because of confluence(super one).
I am gonna open a journal on FF hope to see you there too.
Sorry moderators for posting FF,i love TJ,but most forex action seem to be there so i will post a journal there.
Yeah but i intend to post here daily,so theres no problem.
 

Tavnaz

Well-Known Member
#9
General Trader Tip:
Never Forget
Support breached becomes Resistance.
Resistance breached becomes support.
See Gu chart above every line after break moved on to become Support or Resistance,after the pullback.
This is basic Trader lingo,if you don't understand this,better start with basics.
 

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