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Pivot Trading

  • #11,481
  • Sep 14, 2017 8:55am Sep 14, 2017 8:55am
Quoting solecrusader
Pretty eventful week already. GJ {image}
Slowly its getting unreal. I had a short which got stopped out by the SL with BE+10. Went long again at the dip after the news. I agree with Davit, GJ is a volatile pair and should be traded very carefully.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ14Sep.png Size: 120 KB
  • #11,482
  • Sep 14, 2017 9:23am Sep 14, 2017 9:23am
Quoting solecrusader
{quote} Slowly its getting unreal. I had a short which got stopped out by the SL with BE+10. Went long again at the dip after the news. I agree with Davit, GJ is a volatile pair and should be traded very carefully. {image}
OMG... You rock dude
Your salary is the bribe they give you to forget your dreams
  • #11,483
  • Sep 14, 2017 11:57am Sep 14, 2017 11:57am
Quoting horvat
{quote} OMG... You rock dude
No kidding, guy is a savage!
Trade with confidence, trade without fear.
  • #11,484
  • Sep 14, 2017 12:14pm Sep 14, 2017 12:14pm
Quoting Davit
{quote} Best you don't trade something that you can easily be run over.Try pairs that have lower ADR When you make a mistake on slower pairs you can usually recover but on GJ its hard specially when you have it wrong side of the swing. regards
Thanks Davit and all for a thread and pivots that make gr8 statistical significance.I agree GJ is a wild wild horse like it reversed and touch 148.3 today and needs an experienced cowboy to handle big cowboyz(Top Banks FX Spot Boyz) swings but thas wat we r here to gain experience to not fall off again n again.
  • #11,485
  • Sep 14, 2017 2:10pm Sep 14, 2017 2:10pm
Quoting Davit
talk about power of pivots Right on the T {image}
I am entry, thanks Davit, !!!!!Good Eye !!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 65 KB
  • #11,486
  • Sep 15, 2017 2:06am Sep 15, 2017 2:06am
Quoting solecrusader
{quote} My reason why i went short on EU was purely technical 1) Divergence 2) Bearish rejection candle at R38 3) bearish pin bar. This in my opinion was enough. It was little aggressive and took a calculated risk on the trade. Once the trade went in my direction i added more orders. I am quite satisfied with the result. {quote} I usually wait for the previous trend to be broken before entering the trade. Reversals on top of the trend can be usually pull backs. Here are few of my other open trades AU i am in both buy as well as sell. I kind of trapped...
Hi Solecrusader, Could you share us your setup before your entering a trade. Appreciate.
  • #11,487
  • Edited 2:29am Sep 15, 2017 2:13am | Edited 2:29am
Quoting rihlian
{quote} Hi Solecrusader, Could you share us your setup before your entering a trade. Appreciate.
Its not a signal service please besides he could go 10 losers in a row....past success is no guarantee of future success.Every moment in the market is unique
In trading, you have to be defensive and aggressive at the same time
  • #11,488
  • Sep 15, 2017 2:13am Sep 15, 2017 2:13am
closed some on EN+650pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM5.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #11,489
  • Sep 15, 2017 2:20am Sep 15, 2017 2:20am
Quoting fibo38
{quote} I am entry, thanks Davit, !!!!!Good Eye !!!!! {image}
Hi my friend looks like you are hitting some rough waves.After looking at your TE its apparent you are all over the board.
This is not good.Try focusing again on slow pairs and as few as possible.I made serious pips so far this month by trading almost all AN EN and some EU so keep it focused avoid pairs you are not familiar.
regards
In trading, you have to be defensive and aggressive at the same time
  • #11,490
  • Sep 15, 2017 2:27am Sep 15, 2017 2:27am
Quoting Mary.Lawson
{quote} Hi, Davit! You are doing great job, your posts and guidance/suggestions are helping us a lot. I want to know that how you keep your eyes on Fundamental events? As I understand so far that you have really good fundamental knowledge of currencies which you trade and no doubt this should be giving you more confidence that tecnically and fundamentally you are at the same page. Do you follow any news channels/news websites/articles before fundamental events to get an idea about that event and than you manage/plan your trades accordingly OR you...
Hi Mary
I do follow fundies and do have news feed on my template and do check news on Bloomberg my favorite site and if something I like to know more like NZ elections I just google local NZ newspapers and read them.In short I try to be "in the know" and feel market sentiment.
Right now USD is starting to gain momentum and that should pick up more as closer we get to Dec.BOE already signaled they are ready to hike and good for me I am massively short on EG and AU anyway cheers
In trading, you have to be defensive and aggressive at the same time
  • #11,491
  • Sep 15, 2017 2:32am Sep 15, 2017 2:32am
waiting for this to break to 61S
As you guys can see price can't break above WP and when you look at AU at 80 more or less and NU 7265 its obvious AU has overshot and has great deal of correction in it. So when both get sold AU has more "room " to drop
Crosses are difference of the majors AN is basically AU+NU
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM30.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
  • #11,492
  • Sep 15, 2017 3:18am Sep 15, 2017 3:18am
Quoting solecrusader
{quote} Slowly its getting unreal. I had a short which got stopped out by the SL with BE+10. Went long again at the dip after the news. I agree with Davit, GJ is a volatile pair and should be traded very carefully. {image}
that's tremendous assuming its not demo
well done either way
In trading, you have to be defensive and aggressive at the same time
  • #11,493
  • Sep 15, 2017 3:22am Sep 15, 2017 3:22am
Nice hidden bearish divergence on the hourly as price re-traced back towards the WP. Strong TDI cross on the 15MIN. Some good harmonics in play, now waiting to see where this hourly candle closes.
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 64 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #11,494
  • Sep 15, 2017 3:27am Sep 15, 2017 3:27am
Quoting Expo33
Nice hidden bearish divergence on the hourly as price re-traced back towards the WP. Strong TDI cross on the 15MIN. Some good harmonics in play, now waiting to see where this hourly candle closes. {image}
Hi Exo
I am short on this targeting 77 by Dec or sooner
In trading, you have to be defensive and aggressive at the same time
  • #11,495
  • Sep 15, 2017 3:47am Sep 15, 2017 3:47am
Quoting Davit
{quote} Hi Exo I am short on this targeting 77 by Dec or sooner
I'm on the same page as you. Aussie requires a lot of patience, not one of my strong points though. Was looking for a good spot to get back in short and found what a believe to be a good spot now.

Good luck us.
Pride always comes before destruction.... -Proverbs 16:18
  • #11,496
  • Sep 15, 2017 4:32am Sep 15, 2017 4:32am
closed AN at 61S or close to it
+353pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM30.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #11,497
  • Sep 15, 2017 5:00am Sep 15, 2017 5:00am
These were trades placed in June/July. Sat through the draw down which was interesting to say the least. UK and EU trade cannot function short term with EG above 93 hence my logic to sit on it. Will protect this position now with the upcoming German election.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 67 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #11,498
  • Sep 15, 2017 6:23am Sep 15, 2017 6:23am
Same time frame, different brokers. The same pair UJ
Completely different signals
?????
One broker Tickmill and Oanda second broker
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ.png Size: 15 KB
Click to Enlarge Name: USDJPYH4.png Size: 32 KB
  • #11,499
  • Sep 15, 2017 6:41am Sep 15, 2017 6:41am
Quoting fibo38
Same time frame, different brokers. The same pair UJ Completely different signals ????? One broker Tickmill and Oanda second broker {image} {image}
this is because H4 candle starts and ends at different time (hour) at these brokers
  • #11,500
  • Sep 15, 2017 6:45am Sep 15, 2017 6:45am
Quoting suirad0
{quote} this is because H4 candle starts and ends at different time (hour) at these brokers
I supposed. There are times when the signal will be better if it is seen in another broker, I think
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