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Pivot Trading

  • #6,121
  • Jan 17, 2017 6:54am Jan 17, 2017 6:54am
Quoting mraam
{quote} My 2nd batch EA, EURAUDH1B3170116.png;2143595 Cheers MR {image}
keep em coming
people who follow the system consistently make $$$ money here.Great job!
In trading, you have to be defensive and aggressive at the same time
  • #6,122
  • Jan 17, 2017 6:55am Jan 17, 2017 6:55am
Quoting Davit
Closed EG +539pips May get in again spike on opposite side which I anticipate {image}
Nice trade Davit - just closed +250 pips EG short from 3 positions in and around R61.
Currently long GU and GA. Nice gaps have now been filled on both pairs and lets see where price action can extend to.
Might get a pull back on GU at R61. We're now over 250% of daily ADR, so will watch, wait and see where next move is.
  • #6,123
  • Jan 17, 2017 6:57am Jan 17, 2017 6:57am
I have 10.7% account gain today from EG and a bit from U/J.
Regards!
  • #6,124
  • Jan 17, 2017 6:59am Jan 17, 2017 6:59am
Quoting mch1970
{quote} Nice trade Davit - just closed +250 pips EG short from 3 positions in and around R61. Currently long GU and GA. Nice gaps have now been filled on both pairs and lets see where price action can extend to. Might get a pull back on GU at R61. We're now over 250% of daily ADR, so will watch, wait and see where next move is.
nice to see you post again Mike from your busy schedule. Good job
In trading, you have to be defensive and aggressive at the same time
  • #6,125
  • Jan 17, 2017 7:00am Jan 17, 2017 7:00am
Quoting dttsomh
I have 10.7% account gain today from EG and a bit from U/J. Regards!
nice job!
In trading, you have to be defensive and aggressive at the same time
  • #6,126
  • Jan 17, 2017 7:03am Jan 17, 2017 7:03am
I am still long on EA and probably might reach 44 by the end of the month once Trump's inauguration is over.Ton of scared money is going into the Aussie ATM she is strong unbreakable but my signature about patience is not accidental.
In trading, you have to be defensive and aggressive at the same time
  • #6,127
  • Jan 17, 2017 7:12am Jan 17, 2017 7:12am
Its true I make a decision on pairs in one direction then try to get in at key pivots.
GU ONLY long wont sell at these discounted prices. Game plan is to buy the dips!

As Mike already mention 270 ADR is huge for this pair and I do anticipate a correction to south which should be great to build up longs
In trading, you have to be defensive and aggressive at the same time
  • #6,128
  • Jan 17, 2017 7:18am Jan 17, 2017 7:18am
Good morning Davit. Long time my friend. (I've been busy)
I see many happy traders here. Great job you're doing here buddy!
Ghost Rider - WWTBMD?
  • #6,129
  • Jan 17, 2017 7:21am Jan 17, 2017 7:21am
AU is at exhaustion level R61 don't long now
notice what a fine level was 100S so guys keep your eyes on 61-100 and you will build up your account fast and consistent. Best part you didn't pay me a dime!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,130
  • Jan 17, 2017 7:27am Jan 17, 2017 7:27am
I closed 250pips on this earlier but didn't take an image expecting a bounce north
notice key pivot
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,131
  • Jan 17, 2017 7:29am Jan 17, 2017 7:29am
Quoting albchr
Good morning Davit. Long time my friend. (I've been busy) I see many happy traders here. Great job you're doing here buddy!
Hey hey hey look who is hereHi Chris great to see you back buddy! Yeahh things are going well trying to share....
don't be stranger always like your fibs!drop a chart whenever you like
In trading, you have to be defensive and aggressive at the same time
  • #6,132
  • Jan 17, 2017 7:52am Jan 17, 2017 7:52am
Quoting Davit
{quote} Hey hey hey look who is hereHi Chris great to see you back buddy! Yeahh things are going well trying to share.... don't be stranger always like your fibs!drop a chart whenever you like
Well, not really back per say. Just popping in from time to time to check on some friends. Been making a little noise on Scott's thread the past 2 weeks. Latest is my favorite Dragon Beast this morning. Saw it last week, bought yesterday and riding today's news. lol ...

http://www.forexfactory.com/showthre...88#post9447888

+220ish as I type.
Ghost Rider - WWTBMD?
  • #6,133
  • Jan 17, 2017 12:58pm Jan 17, 2017 12:58pm
Looking at AN closely for my next big trade.Starting from 61S
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,134
  • Jan 17, 2017 1:04pm Jan 17, 2017 1:04pm
One always reads about trends at FF and everywhere and meanwhile get killed on corrections and spikes.To be honest I no longer think in terms of trend I think in terms of swings
Example slow pair like EUR/CHF
Tight range from S61 to R38 perfect pair to build positions.Yes its slow but advantage is you won't get killed.
Another myth is one needs lots of movement to make money.Not true

1 position at 100pips is 100pips
2 positions at 50 pips distance is same
3 positions at 50pip move is more then 100pip at 1 position.You follow me right? Therefore slow pairs can be lot more profitable with less risk then animals like GN GJ GA where mistake there will be costly but mistake here on E/CHF hardly noticeable.
Guys you must be street smart make it work for your advantage.Have you seen me ever on this thread trade GJ GN GA? NO never and for good reason.There is logic behind what I do
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH4.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,135
  • Jan 17, 2017 1:12pm Jan 17, 2017 1:12pm
That is a perfect approach. I stopped looking chf pairs but i will follw this
  • #6,136
  • Jan 17, 2017 1:53pm Jan 17, 2017 1:53pm
Quoting Ibar51
Time to close GU, Have 2 trades short AU -21 Pips at present {image}
Sometimes you close too early but thats trading you never know what the market is going to do. Still short 2 trades AU -70 pips
  • #6,137
  • Jan 17, 2017 9:41pm Jan 17, 2017 9:41pm
Hello,

Please allow me to subscribe this great thread. I'd like to add couple points.

EUR and CHF currency seems to have positive correlation. This means EUR has to gain value more than CHF's gain in order for EUR/CHF to rise, or vice versa. This is why this pair doesn't move much.

Also I'm testing Pivot_voty, it gives new pivot points every week.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB
  • #6,138
  • Jan 17, 2017 9:43pm Jan 17, 2017 9:43pm
Anybody has experience with this Ackerman stuff ?

Inserted Video


Sixer
  • #6,139
  • Jan 17, 2017 10:23pm Jan 17, 2017 10:23pm
Quoting slowpork
Hello, Please allow me to subscribe this great thread. I'd like to add couple points. EUR and CHF currency seems to have positive correlation. This means EUR has to gain value more than CHF's gain in order for EUR/CHF to rise, or vice versa. This is why this pair doesn't move much. Also I'm testing Pivot_voty, it gives new pivot points every week. {image}
It same with Davit Pivot.
Davit Pivot give new pivot every week.
I know one thing, that I know nothing - Socrates
  • #6,140
  • Jan 17, 2017 11:00pm Jan 17, 2017 11:00pm
Quoting Tamarind77
{quote} It same with Davit Pivot. Davit Pivot give new pivot every week.
Hello, please compare screenshot of post #6134 and #6137. On #6134 I can see one straight line from December through January, but on #6137 it shows historical Pivot points.
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