Pivot Trading

In on that one as well.

Yep, watching that one too.

I had a fantastic week 1st in Oct. Gains are biggest this year in 1week.
Still have lots of positive trades that are running but stats so far

EURGBP Bearish engulfing now on M30 ... get short while you can.

Angleator no longer green on M15 and M30 ... PA is no longer bullish. short ...

TDI separated and below 50 ... short EURGBP.

TDI pointing down at a good sharp angle ... short EURGBP

ADR more than 100% on EURGBP. Friday ... Pound moves the most this week in a long time.
Those in profit will close out (cash in profit) before the end of the day.

So ... short EURGBP.

please refrain telling people what to do.Try limiting your post about a subject to 1
You have 5posts about EG in succession

Will do.

OK guys it was fun and profitable day today.
Study the calendar for next week over the weekend.Mark important dates and make it a HABIT
See you guys next week
Green pivots

Hi guys
I am seriously considering stop posting on this thread by end of Oct.I invested way too much time here and I have just handful of guys posting and lots of new traders with littler experience.
This obviously effects my trading and time.I like to take my trading to next level and I can't maintain this thread.I may drop a post here and there after Oct but mot much more.

This is going to be one of my most important posts on this thread.
News and why is this important.

News importance

1. Interest rate decision/ Central Bank statements announcements that change policy
2. Retail Sales
3. Inflation (consumer price or producer price)
4. Unemployment
5. Industrial production
6. Business sentiment surveys
7. Consumer confidence surveys
8. Trade balance
9. Manufacturing sector surveys

How Long Does the Effect Last?
According to a study by Martin D. D. Evans and Richard K. Lyons published in the Journal of International Money and Finance (2004), the market could still be absorbing or reacting to news releases hours, if not days, after they are released. The study found that the effect on returns generally occurs in the first or second day, but the impact does seem to linger until the fourth day. The impact on order flow, on the other hand, is still very pronounced on the third day and is still observable on the fourth day.

The way I trade is to be aware of the environment I am trading in.Not much different soldier studying the terrain he/she is going to fight.
I scan the news and highlight what effect that may have on currencies example next week weds we have Feds Minutes.Coming from bullish sentiment from NFP I anticipate Feds Minutes to be more Hawkish then Dovish hence I would either Exit my USD shorts or look for opportunities none USD pairs.Knowing I have Thurs PPI and US unemployment and Fr Core CPI, CORE Retail, Retail Sales then I most likely will WAIT on Selling USD since market is USD positive.
So knowing what's coming I will not sell USD (or exit live USD short orders)and will look to trade none USD crosses.
AC NC AN NJ some examples. This is my OVERVIEW my bias for next week.I have an idea what's going to happen and I have a GAME PLAN.Now Pivots and levels aid Where to get in.
Everyone who is serious about trading should not only know what's coming but should have a plan each week on Trading.
This is small thing to practice imagine Chess masters memorizing thousands of games,combinations,chess openings,tactics,end games,mate combos and trust me you will never be good at chess if you don't seriously study any of them.
In comparison Trading is lot easier at least things you should be aware are limited.Practice forming professional attitude.Study your game!Do your homework!Never trade blindly!Know your environment.Follow price action but have the bigger picture in mind.
Green pips

thankyou for your time, expertise and patience

Thank you, Davit.

Closed UJ +1037Pips
beautiful way to start the week!

Yeah, no joke. Pretty much melted from the start.

Are you still on? Your UJ's?

Yes sir!

Davit,

some of those trades were from July and August months, right?

Why dont you drag and group your trades from your MT4 Terminal Account history to show exactly where those trade entries were and when they are closed? There are also tools which do this automatically on trading charts.

I think noobs would be interested to know how long some trades were in floating drawdown (days, weeks and even months) before you post and show those pips profits.

Trade Well and always trade wit stop loss.

Emmanuel

True I stated already there were long term trades several times.Not hiding anything
Were they in DD? Yes! DD is part of trading as you know it well yourself.I trade small hence DD always in manageable size.
regards