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Pivot Trading

  • #12,381
  • Oct 28, 2017 4:07pm Oct 28, 2017 4:07pm
Quoting bohurst
Big Divergence setup in EU {image}
Catalan crises brewing now I would be cautious buying Euro now.Generally I notice Divergences but seldom if ever it becomes a trigger for me.
You can have D and price dropping another 200pips...Its how oscillator calculates and can be irrelevant on real market.
You should watch Mark Douglas video on "how price moves" very insightful
In trading, you have to be defensive and aggressive at the same time
  • #12,382
  • Oct 28, 2017 4:08pm Oct 28, 2017 4:08pm
Quoting bohurst
Big Divergence setup in EU {image}
Be careful with divergences in TFs lower than daily.
  • #12,383
  • Oct 28, 2017 4:08pm Oct 28, 2017 4:08pm
Quoting bohurst
{image} Getting around to following directions closely!
looks good is that whole month? or just 1 week.You may want to risk little more...
In trading, you have to be defensive and aggressive at the same time
  • #12,384
  • Oct 28, 2017 4:10pm Oct 28, 2017 4:10pm
Quoting bohurst
Big Divergence setup in EU {image}
EU's fate for now depends on:

1. Tax reform in US (approval would drive USD higher, across the board)

2. Catalan crisis (euro is set to depreciate further - I don't see Catalonia going back on its word)


Also, fundamentally, it's worth keeping in mind:

A. Dovish Draghi
B. The prospect of John Taylor from Stanford U becoming Fed Chair (he prefers tighter monetary policy and a scaling down of the Fed's balance sheet)
  • #12,385
  • Oct 28, 2017 4:14pm Oct 28, 2017 4:14pm
Quoting pgr45za
{quote} EU's fate for now depends on: 1. Tax reform in US (approval would drive USD higher, across the board) 2. Catalan crisis (euro is set to depreciate further - I don't see Catalonia going back on its word) Also, fundamentally, it's worth keeping in mind: A. Dovish Draghi B. The prospect of John Taylor from Stanford U becoming Fed Chair (he prefers tighter monetary policy and a sclaing down of the Fed's balance sheet)
I really like your thought process.You have a genuine shot in trading
In trading, you have to be defensive and aggressive at the same time
  • #12,386
  • Oct 28, 2017 4:28pm Oct 28, 2017 4:28pm
Quoting Davit
{quote} I really like your thought process.You have a genuine shot in trading
Thanks Davit! You made my day.

I have learnt a lot from you (and others here), to whom I owe a debt of gratitude.

Fundamentals are key. I have begun reading much more about the financial news and tring to anticipate what will happen.
Like you and MD so expertly say: we just need an EDGE and to think in probabilities.

  • #12,387
  • Oct 28, 2017 4:34pm Oct 28, 2017 4:34pm
Some of my art.These are linoleum block prints
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In trading, you have to be defensive and aggressive at the same time
  • #12,388
  • Oct 28, 2017 4:35pm Oct 28, 2017 4:35pm
It's almost 3 months that I found this thread. So it's almost time to show my graph.

See how it's changed my equity curve: I started using pivots around trade #60.

This is a learning by doing equity curve, with many mistakes, and yet SHE GROWS.

Note: I don't have any open position at the moment.
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  • #12,389
  • Oct 28, 2017 4:38pm Oct 28, 2017 4:38pm
figure collage
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #12,390
  • Oct 28, 2017 4:40pm Oct 28, 2017 4:40pm
Quoting pgr45za
It's almost 3 months that I found this thread. So it's almost time to show my graph. See how it's changed my equity curve: I started using pivots around trade #60. This is a learning by doing equity curve, with many mistakes, and yet SHE GROWS. Note: I don't have any open position at the moment. {image}
very nice keep it up
In trading, you have to be defensive and aggressive at the same time
  • #12,391
  • Oct 28, 2017 4:43pm Oct 28, 2017 4:43pm
Quoting Davit
Some of my art.These are linoleum block prints {image} {image}
Powerful!
Congrats
  • #12,392
  • Oct 28, 2017 4:45pm Oct 28, 2017 4:45pm
Quoting pgr45za
{quote} Powerful! Congrats
Thank you have lot more works but don't want to flood in trading forum.Here is another expressive piece with color ink
I'll stop now
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #12,393
  • Oct 28, 2017 7:21pm Oct 28, 2017 7:21pm
Quoting Davit
{quote} Thank you have lot more works but don't want to flood in trading forum.Here is another expressive piece with color ink I'll stop now {image}
I love art...here I am looking through web cause going to open some Art events in town...stopped here for trading education...saw your art and got an art education.

Great job Davit.
Invest in Life
  • #12,394
  • Oct 28, 2017 9:27pm Oct 28, 2017 9:27pm
Quoting Davit
{quote} looks good is that whole month? or just 1 week.You may want to risk little more...
Just a week, but feeling a lot better with my trades. I know I am being too conservative with my account, I've blown my account out before. Thanks for your input. Thank you and the other traders for responding to the EU chart I threw out there.It turned out to be a great discussion and I'm getting educated.I am so thankful for this thread. Davit you are the greatest!! This is the last 2 weeks, All previous was on demo.
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  • #12,395
  • Oct 28, 2017 11:13pm Oct 28, 2017 11:13pm
IS THIS PRE INFORM ?? I CANT LOGIN

This page (https://secure.tickmill.com/trader/index.php) is currently offline. However, because the site uses Cloudflare's Always Online technology you can continue to surf a snapshot of the site. We will keep checking in the background and, as soon as the site comes back, you will automatically be served the live version.
  • #12,396
  • Oct 29, 2017 7:01pm Oct 29, 2017 7:01pm
Weekly Forex Trading Calendar for Week of 10.30.2017
by Kathy Lien

http://www.bkforex.com/wp-content/up...ndar103017.pdf

Inserted Video
Invest in Life
  • #12,397
  • Oct 29, 2017 8:41pm Oct 29, 2017 8:41pm
UC looks interesting

Daily
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Hourly - look at the support last week, right at this week's pivot. I will look to buy some in this zone
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Fall seven times, stand up Eight! #GGMU
  • #12,398
  • Oct 29, 2017 9:13pm Oct 29, 2017 9:13pm
Quoting vickym
UC looks interesting Daily {image} Hourly - look at the support last week, right at this week's pivot. I will look to buy some in this zone {image}
I prefer buying the CAD against AUD waiting for it to spike little higher
Very likely price testing the low support the green box I drew
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In trading, you have to be defensive and aggressive at the same time
  • #12,399
  • Oct 29, 2017 10:17pm Oct 29, 2017 10:17pm
One of the key aspects of successful trading is developing patience to take best set ups.Its always tempting to place an order but this urge must be reign in.
Animals do it naturally.They attack only when distance is closest to prey and increasing the odds of success.In my opinion best traders are predator animals.The stalking ,waiting etc.
Here is one of my all time favorite articles on the subject.

http://www.learntotradethemarket.com...-forex-trading
very well written and sinks in with my trading style.
In trading, you have to be defensive and aggressive at the same time
  • #12,400
  • Oct 29, 2017 11:50pm Oct 29, 2017 11:50pm
Hi Peeps

Anyone looking at this? Head and Shoulder forming and price reaching swing levels. Green pips

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D labour of a fool wearieth him cos he doesn't know how to enta d city
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