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Pivot Trading

Quoting Arjun-LE1
{quote} Bapak Andy, yes. That's normal
iya ncik Arjun..senang bisa jumpa anda d sini.. bisa share ur knowledge and xperience..
AL
Quoting chiny-fx
{quote} I appreciate the honesty here and the fact that folks are prepared to show live trades - well done sir
Its a mix bag.Thread could easily become a signal service zoo and have 80+people lurking coping trades and not contributing and relying on few guys to take the load.That's not what this thread is about its about giving you the tools to recognize the trades yourself as well.
I do share potential set ups and that's I think how it should be.
Another aspect is same with having live TE and posting live trades.It influences how you manage the trades.When 80people are looking you very much likely to get out of profitable trades because you want to show you were correct and trades worked out and opposite you might stay longer on losing trades by being too embarrassed of picking losers.
I personally like the freedom of managing my trades without the added factors that are not relevant to the market.
Cheers and welcome
There is no failure except in no longer trying
Arjun personally don't like your AC long....
PA is not bullish on this.Once it breaks 1048 WP this thing has huge room to drop
I posted about NC short most recent and since that post NC has been pretty much in free fall
Quoting Davit
{quote} Great attitude,Thanks for your concern and inquire.Funny part I got email that I got hired but still waiting for date start.not sure when could be another 2weeks. thank you {quote} {quote} {quote} {quote} {quote} Thank you guys and others who showed support.I felt depressed thinking about the losses that occurred on Thurs.Despite of my hard approach to rookies on this thread I do care about this group.I traded in many threads here at FF but honestly find this group to be real dedicated and focused on trading without the usual drama that goes in other threads. You guys made me feel better. Thank you and looking forward new week with opportunities. CAD pairs are oversold and I think particularly NC has a potential to drop hard.With Nov rate cut looming this could drop 300-400pips south.As always PA is king Green pips
There is no failure except in no longer trying
Short
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Quoting Davit
Arjun personally don't like your AC long.... PA is not bullish on this.Once it breaks 1048 WP this thing has huge room to drop
Davit

Still in UC short? I added more, about to be at break even
Quoting hammadshahir
{quote} Davit Still in UC short? I added more, about to be at break even
yes I am looking potentially 3050 by Friday after Yellen does her usual blabla fact is unemployment claims is increasing and job creation reducing so I don't see a rate hike in Dec specially if crooked Hillery gets elected.
funny part Mexican peso drops like a stone every time Trump does well...
There is no failure except in no longer trying
Quoting fibo38
Short {image}
sentiment might be shifting against USD so be vigilant.not a high probability trade.don't force trades.let them come to you.you already know where the zone is.

This is trading 101
If one major like UC example gaining against USD chances are other majors would do the same.Difference is in degrees but its rare having CAD gaining on USD and Euro losing.
Majors in general move same direction in various degrees.
There is no failure except in no longer trying
Quoting Arjun-LE1
{quote} Exactly like photocopy {image}
Arjun. Sorry to bother but mine is off too. Could you kindly check your setting against mine and advice where M WRONG?
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There is no failure except in no longer trying
Quoting Dildubai
{quote} Arjun. Sorry to bother but mine is off too. Could you kindly check your setting against mine and advice where M WRONG? {image}
you need to set broker candle false then adjust start and end candles by moving pivots up or down
here is my pivot
Personally I suggest to stay away from G pairs for time being.Here is the issue.Fundamentally Brexit factors negatively on the pound however since its already sold off such extreme levels even mildly rumor of say "UK worked out better trade deals then anticipated" could spike 500pips north or could drop another 500pips.Well either way you are screwed.
By not trading a pair is part of trading by elimination of less high probability trades.Discretion is part of deducing and eliminating losers before they occur as much as possible.
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There is no failure except in no longer trying
Quoting Davit
{quote} you need to set broker candle false then adjust start and end candles by moving pivots up or down you should not be looking at GN anyway a beast pair unless you want to have another huge spike...
Tried that already. But it still too far off. Dont know where I am going wrong
Quoting Arjun-LE1
Money Management by managing your trades. This is my alive trade. I may close all the losing trade, if it doesn't shows sign of reversal, and let the profitable run. By doing this . i may loose small, but potentially win big. The risk for all this trade is 0.2% of my account. I can adbsorbed 600 pips drawdown, which will cost me 1.5% of my account. But, normally i don't wait the DD gets bigger. Let my energy focus the profitable trade suffice to make me profit by end of the week. NOTE : All profits/Loss are in PIPS not EUR Dollar. {image}
Cleaning up the non- performing trade. I put these trade aside knowing loosing some pips.

Now I can focus on profitable trade only.

Arjun
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Let all the living things live blissfully
Quoting Dildubai
{quote} Tried that already. But it still too far off. Dont know where I am going wrong
start candles and end candles move the pivots.you should be able move them until they line up close to mine. 5-10pips difference is ok.
Are you saying your pivot does not change when tinkering with start and end broker candles?If true make sure broker candle is false and you select Weekly pivot!
There is no failure except in no longer trying
watching for weakness on this.Big S/R zone look left
this is a situation that I would not automatically short assuming price will retreat.Need to see evidence of that 1st. ALL anglator arrows green and TDI going north.Everything looks way too bullish ATM but its on my WATCH list
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There is no failure except in no longer trying
Quoting Davit
{quote} start candles and end candles move the pivots.you should be able move them until they line up close to mine. 5-10pips difference is ok. Are you saying your pivot does not change when tinkering with start and end broker candles?If true make sure broker candle is false and you select Weekly pivot!
The pivots change. But I was under the impression just about 3-5 pip variation is acceptable. I am getting around 20-30 pips on some pairs. But mostly on gbp pairs.

I guess it is because of last weeks plunge. The other pairs seem ok.

Thank for help

DD
So for fun I am going to track this and share my thought process. 30min PA is starting to show glimmer of bear possibility.TDI starting to go horizontal.
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There is no failure except in no longer trying
Quoting Dildubai
{quote} The pivots change. But I was under the impression just about 3-5 pip variation is acceptable. I am getting around 20-30 pips on some pairs. But mostly on gbp pairs. I guess it is because of last weeks plunge. The other pairs seem ok. Thank for help DD
adjust on EU and that should do it.Yes G pairs could be screwed because of the spike.Not touching G pairs anyway.

UC shorts are dropping nicely.Hope you got some Arjun
There is no failure except in no longer trying
Quoting Davit
Arjun personally don't like your AC long.... PA is not bullish on this.Once it breaks 1048 WP this thing has huge room to drop I posted about NC short most recent and since that post NC has been pretty much in free fall {quote}

Thanks Brother,

I've already cleaned up my portfolio.

My bag now full with King Davit's Pips......lol
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Let all the living things live blissfully
Quoting Arjun-LE1
{quote} Thanks Brother, I've already cleaned up my portfolio. My bag now full with King Davit's Pips......lol {image}
awesome job!
There is no failure except in no longer trying
Quoting Davit
{quote} awesome job!
You look very sexy today....?
Let all the living things live blissfully
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