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Pivot Trading

  • #12,341
  • Oct 27, 2017 5:31am Oct 27, 2017 5:31am
EU coincidence? think not.
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In trading, you have to be defensive and aggressive at the same time
  • #12,342
  • Oct 27, 2017 5:32am Oct 27, 2017 5:32am
EJ notice support S61 and where it turned
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In trading, you have to be defensive and aggressive at the same time
  • #12,343
  • Oct 27, 2017 5:35am Oct 27, 2017 5:35am
AC has been my most lucrative pair this year.I don't think I lost a trade on this.Very predicable pair and "safe" rarely goes crazy tends to range a lot since both are commodity pairs.Range is good $$ unlike other systems I love rangy pairs!
this is on my radar R38 is real resistance on this
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In trading, you have to be defensive and aggressive at the same time
  • #12,344
  • Oct 27, 2017 5:47am Oct 27, 2017 5:47am
UC broke weekly pivots the "zone"and when that happens I look at fibs from latest swing.
2945 key fib level.This is something Scott does whom I have lot of respect
this being Friday UC may drop a bit as the whales may take profit
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In trading, you have to be defensive and aggressive at the same time
  • #12,345
  • Oct 27, 2017 5:56am Oct 27, 2017 5:56am
Going well this one...
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Fall seven times, stand up Eight! #GGMU
  • #12,346
  • Oct 27, 2017 5:59am Oct 27, 2017 5:59am
Quoting Thomas88
{quote} Almost the same here Davit. 5% profit for the week, i decided to take the DD on uj because of the us q/q gdp. Also took a big DD on ea earlier as i wrote before, however after reentering i made it breakeven. Thank you for your work, im following quietly almost from the beginning. Hope you will be around not just so ocasionally. I would love to see how are you evolving after you rise the lots! Regards {image}
I think you should work out a cut out point how much you are willing to invest on a pair to see if its working.
Worst case scenario is when positions get too big and becomes determental on the account.
Find your SL cut out point.
In trading, you have to be defensive and aggressive at the same time
  • #12,347
  • Oct 27, 2017 6:02am Oct 27, 2017 6:02am
Quoting vickym
Going well this one... {image}
this has lot in it.I am thinking 800-700. May take few months
In trading, you have to be defensive and aggressive at the same time
  • #12,348
  • Oct 27, 2017 6:12am Oct 27, 2017 6:12am
Quoting Davit
{quote} this has lot in it.I am thinking 800-700. May take few months
Yea, I agree. I might take one pos off at Pivot if it reaches today (which I doubt). The other position I plan to carry longer. If it does gather pace on the downside, I might move both pos and scale another one in. Watching PA closely. Cheers!
Fall seven times, stand up Eight! #GGMU
  • #12,349
  • Oct 27, 2017 6:20am Oct 27, 2017 6:20am
Quoting Davit
UC broke weekly pivots the "zone"and when that happens I look at fibs from latest swing. 2945 key fib level.This is something Scott does whom I have lot of respect this being Friday UC may drop a bit as the whales may take profit {image}
I have same
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  • #12,350
  • Oct 27, 2017 6:24am Oct 27, 2017 6:24am
Quoting Davit
UC broke weekly pivots the "zone"and when that happens I look at fibs from latest swing. 2945 key fib level.This is something Scott does whom I have lot of respect this being Friday UC may drop a bit as the whales may take profit {image}

Please note that the Fib level is 1.272, which gives 1.2970, also major support on daily frame that COULD become resistance. Likely (as in probable!), but not certain.

Level also coincides with AB = CD projection 100.

  • #12,351
  • Oct 27, 2017 6:26am Oct 27, 2017 6:26am
Really want EJ bounce to get in short again.May drop to 32 without bounce....hate leaving money out

Taking profit is always tricky.Sometimes you hold and it works other times it eats profits then you are forced to get out on less profit.
Its a constant battle.
In trading, you have to be defensive and aggressive at the same time
  • #12,352
  • Oct 27, 2017 6:30am Oct 27, 2017 6:30am
9880 is good number on AC to short.Waiting on this to hit hard
R38 very strong on this pair of late.see my previous chart on AC or zoom out on H4 D to see it better
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In trading, you have to be defensive and aggressive at the same time
  • #12,353
  • Oct 27, 2017 6:37am Oct 27, 2017 6:37am
Quoting pgr45za
{quote} Please note that the Fib level is 1.272, which gives 1.2970, also major support on daily frame that COULD become resistance. Likely (as in probable!), but not certain. Level also coincides with AB = CD projection 100.
yes every scenario is possible however major moves also have strong corrections.I trade logically and also without fear.
Rest is probabilities over series of trades.This concept has a hard time sinking with new traders.I could be wrong on UC for example and so what.Lets say I lost batch of trades 12 positions.Out of 150 winning trades losing 12-50 trades is nothing .This is how you should think bigger picture.
In trading, you have to be defensive and aggressive at the same time
  • #12,354
  • Oct 27, 2017 7:23am Oct 27, 2017 7:23am
Quoting Davit
{quote} I think you should work out a cut out point how much you are willing to invest on a pair to see if its working. Worst case scenario is when positions get too big and becomes determental on the account. Find your SL cut out point.

appreciate your advice!

I am aware the risk management posts. I will stick with the predefined risk moneywise.

In the trading in the zone advised to divide the risk into 3 with 3 different tp's.
if i was right, your approach is to divide the risk into segments, stacking up as the trade goes into your favour - so if the trade goes against you all the sudden you have a lot of equity to wait for the turn of the tide.

I have to admit, altough i know what should i do, i often make exceptions, which overall the worst idea as a single trade does not matter, but a good sample size of them.
  • #12,355
  • Oct 27, 2017 7:50am Oct 27, 2017 7:50am
Quoting Davit
AC has been my most lucrative pair this year.I don't think I lost a trade on this.Very predicable pair and "safe" rarely goes crazy tends to range a lot since both are commodity pairs.Range is good $$ unlike other systems I love rangy pairs! this is on my radar R38 is real resistance on this {image}
Nice! looking to trade this pair more, learning your pivots and studying MD (really like him)..
  • #12,356
  • Oct 27, 2017 9:19am Oct 27, 2017 9:19am
Quoting Davit
I am long on NU will hold this lot longer


Quoting Davit
UC broke weekly pivots the "zone"and when that happens I look at fibs from latest swing. 2945 key fib level.This is something Scott does whom I have lot of respect this being Friday UC may drop a bit as the whales may take profit {image}


Pivots don't work they say....
Trade with confidence, trade without fear.
  • #12,357
  • Oct 27, 2017 9:33am Oct 27, 2017 9:33am
Entry perfect NU
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  • #12,358
  • Oct 27, 2017 9:40am Oct 27, 2017 9:40am
fibo38, I am assuming you are using EA to enter so many orders ?

Thanks
  • #12,359
  • Oct 27, 2017 9:47am Oct 27, 2017 9:47am
Quoting FXBeam
fibo38, I am assuming you are using EA to enter so many orders ? Thanks
I am use Scrip´s to enter de trades. I search in the paper clip
  • #12,360
  • Oct 27, 2017 9:54am Oct 27, 2017 9:54am
UC IN PROFIT
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