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Pivot Trading

  • #33,581
  • Jan 6, 2020 9:13am Jan 6, 2020 9:13am
Quoting Cryptosurf
{quote} EU right? Yeah that was a textbook swing failure.
yeah, it is. Thanks for all your valuable hints
Mind is the King
  • #33,582
  • Jan 6, 2020 9:48am Jan 6, 2020 9:48am
Quoting ppxdf
{quote} probably. what about UC ? if go to 1.2841, CJ go to ADR high 83.438 i have some pips if UC go to adr low 1.2936 and UJ to S38 107.83. who know? 107.15 / 1.2841 = 83.438
closed @83.48
  • #33,583
  • Jan 6, 2020 10:06am Jan 6, 2020 10:06am
opted for scalpting this pair today.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD010620.png Size: 38 KB
Capital preservation, live to trade another day
  • #33,584
  • Jan 6, 2020 10:12am Jan 6, 2020 10:12am
Quoting finally-2020
{quote} Thank you, good point. I'd add to the the position in case it goes that way; but I should watch WTI and Wednesday PMI to make a better decision. For now, I like the look of it; heading north
Now you’re just taking wild guesses. Don’t be so eager to jump in on market assumptions. The minute you publicly make a call, the trading gods can and will smite thee

Keep an eye on what price is actually doing, not what you think it’s going to do. Keep an eye on daily open levels, ADR and Pivots. PA is king.

Cheers!
Trade with confidence, trade without fear.
  • #33,585
  • Jan 6, 2020 10:14am Jan 6, 2020 10:14am
Quoting MikiMax
classic lost steam on 100% ADR+ nice resistance on daily opens {image}
please share ADR indi
Capital preservation, live to trade another day
  • #33,586
  • Jan 6, 2020 10:20am Jan 6, 2020 10:20am
Quoting cjayfx14
{quote} please share ADR indi
Attached File(s)
File Type: ex4 ADR_PLUS.ex4   126 KB | 633 downloads
Mind is the King
  • #33,587
  • Jan 6, 2020 10:20am Jan 6, 2020 10:20am
Quoting finally-2020
{quote} Thank you, good point. I'd add to the the position in case it goes that way; but I should watch WTI and Wednesday PMI to make a better decision. For now, I like the look of it; heading north
Like your longs on A/C for instance you jumped on the first engulfing candle at S38 when really had your looked left to your chart you would have notice S61 is strong support area over the last few weeks. Wait for price to come to you...... not go to it.

We all go through DD but try and prevent as much DD as possible. Remember Prevention is better than cure.
  • #33,588
  • Jan 6, 2020 10:43am Jan 6, 2020 10:43am
UC H1
Attached Image (click to enlarge)
Click to Enlarge Name: UCDPH1060120.png Size: 79 KB
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,589
  • Jan 6, 2020 12:12pm Jan 6, 2020 12:12pm
Quoting Cryptosurf
{quote} Now you’re just taking wild guesses. Don’t be so eager to jump in on market assumptions. The minute you publicly make a call, the trading gods can and will smite thee Keep an eye on what price is actually doing, not what you think it’s going to do. Keep an eye on daily open levels, ADR and Pivots. PA is king. Cheers!
Actually I did know I'm jumping in, and I did see that 61.8% level; but:

when I was reading Davit's past posts I was fascinated by the way he managed DD: keeps calm, instead of getting panic at the sight of any trivial 20-30 pips, he actually adds to his position but to the point where the total loss doesn't go beyond his limit, and he watches fundamentals to make all these decisions.

My being that careless was mostly intentional and as long as I trade micro lots I see DD's like this as sort of exercise. Cheers
  • #33,590
  • Jan 6, 2020 12:34pm Jan 6, 2020 12:34pm
Quoting MikiMax
{quote} {file}
MUCH APPRECIATED
Capital preservation, live to trade another day
  • #33,591
  • Jan 6, 2020 12:38pm Jan 6, 2020 12:38pm
Quoting cjayfx14
{quote} MUCH APPRECIATEDhttps://cdn-resources.faireconomy.me....png?v=1.0.0.3
no problem mate
Mind is the King
  • #33,592
  • Jan 6, 2020 12:54pm Jan 6, 2020 12:54pm
Quoting MikiMax
{quote} I'd rather wait for 61/78 level as Davit's pivot rules say...
Hi, i have just been added to the thread. Could you please do me the biggest favour and let me know which page the rules are please or you are referring to the first post? Thanks
  • #33,593
  • Edited 1:25pm Jan 6, 2020 1:12pm | Edited 1:25pm
Quoting gogosgh
{quote} Hi, i have just been added to the thread. Could you please do me the biggest favour and let me know which page the rules are please or you are referring to the first post? Thanks
As far as I remember that is one of the main points of the Davit's Pivot Strategy...
There're many hints and summaries, just make a small effort and use the search funcion...
Mind is the King
  • #33,594
  • Jan 6, 2020 1:21pm Jan 6, 2020 1:21pm
Quoting gogosgh
{quote} Hi, i have just been added to the thread. Could you please do me the biggest favour and let me know which page the rules are please or you are referring to the first post? Thanks
Theres a great culmination of key points that helped immensely when i started learning this thread. You can find it here: https://www.forexfactory.com/showthr...1#post10335951
Trade with confidence, trade without fear.
  • #33,595
  • Jan 6, 2020 1:29pm Jan 6, 2020 1:29pm
USDCAD long...credit goes to Davit and Cryptosurf , thank You
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Pivot Trade3.JPG Size: 360 KB
Mind is the King
  • #33,596
  • Jan 6, 2020 1:56pm Jan 6, 2020 1:56pm
Quoting gogosgh
{quote} Hi, i have just been added to the thread. Could you please do me the biggest favour and let me know which page the rules are please or you are referring to the first post? Thanks
Let me flat out say it.I banned lots of spoon feeders.You asked and I let you post but it is expected you put EFFORT look up on clipboard ton of PDF's and you can use search function.
I am not going to do work for you or anyone else here.You got to show initiative.
You are on thin waters next one you will be removed and why I put restrictions on this thread for exact reasons eliminating free loaders ,idiots,spoon feeders,lazy unproductive individuals! Now ask yourself where you stand here!
In trading, you have to be defensive and aggressive at the same time
  • #33,597
  • Jan 6, 2020 2:15pm Jan 6, 2020 2:15pm
Quoting Cryptosurf
{quote} Theres a great culmination of key points that helped immensely when i started learning this thread. You can find it here: https://www.forexfactory.com/showthr...1#post10335951
Brilliant.. Many thanks!
  • #33,598
  • Jan 6, 2020 2:43pm Jan 6, 2020 2:43pm
Crude around 63 not dropping much why UC is ranging. NFP Friday also keeping USD bulls at bay.

Closed EC not worth holding anymore at this point.
profit is profit sometimes comes in small battles
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #33,599
  • Jan 6, 2020 2:48pm Jan 6, 2020 2:48pm
4pm NZD NZIER Business Confidence
Red here would be good for Bear NZD
In trading, you have to be defensive and aggressive at the same time
  • #33,600
  • Jan 6, 2020 3:01pm Jan 6, 2020 3:01pm
Quoting Davit
Crude around 63 not dropping much why UC is ranging. NFP Friday also keeping USD bulls at bay. Closed EC not worth holding anymore at this point. profit is profit sometimes comes in small battles {image}
I must admit I can't hide how fascinated I am by your analysis. Now, I know it was worth it I spent 3 months reading your posts.

  1. You watch majors (UC) to judge crosses (EC)
  2. You watch fundamentals (NFP, WTI) to judge majors (UC).

Bravo

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