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Pivot Trading

  • #12,421
  • Oct 30, 2017 11:31am Oct 30, 2017 11:31am
AN possible buy.. TDI crossed in upward direction.. engulfing near S38 zone...
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  • #12,422
  • Oct 30, 2017 11:34am Oct 30, 2017 11:34am
letting this ride south highway UJ
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In trading, you have to be defensive and aggressive at the same time
  • #12,423
  • Oct 30, 2017 11:35am Oct 30, 2017 11:35am
Quoting zackz
AN possible buy.. TDI crossed in upward direction.. engulfing near S38 zone... {image}
don't short answer
In trading, you have to be defensive and aggressive at the same time
  • #12,424
  • Oct 30, 2017 11:43am Oct 30, 2017 11:43am
Quoting Davit
letting this ride south highway UJ {image}
UJ
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CJ
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if you're doing we all have results with all
  • #12,425
  • Oct 30, 2017 11:45am Oct 30, 2017 11:45am
Quoting jarfx05
{quote} UJ {image} CJ {image}
We may see a small bounce from S61 13 but I think we are heading south. 110 is very probable might take few weeks or a month but profits would be worth waiting.Anyway that's my plan
Probability of Trump tax passage is not very good even some republicans are opposing.Without this USD sails are taken out.
With Feds new chair in the works entire policy of aggressive hikes may change and that would be more certain should Tax reform fail to pass.
In simple terms Tax reform specially cutting capital gains tax is good for businesses and they have more $$ to invest and create jobs however should it fail we are going back in major way.
In trading, you have to be defensive and aggressive at the same time
  • #12,426
  • Oct 30, 2017 11:46am Oct 30, 2017 11:46am
Trump set to announce new Fed Chair on Thu.

Sources point to Powell - this means more of the same: data dependent monetary policy with lot's of Fedspeak.
  • #12,427
  • Oct 30, 2017 12:01pm Oct 30, 2017 12:01pm
Quoting Davit
{quote} We may see a small bounce from S61 13 but I think we are heading south. 110 is very probable might take few weeks or a month but profits would be worth waiting.Anyway that's my plan Probability of Trump tax passage is not very good even some republicans are opposing.Without this USD sails are taken out. With Feds new chair in the works entire policy of aggressive hikes may change and that would be more certain should Tax reform fail to pass. In simple terms Tax reform specially cutting capital gains tax is good for businesses and they have...
I'm not good at long term planning.
That's why I have to accept a lower profit.
if you're doing we all have results with all
  • #12,428
  • Oct 30, 2017 12:04pm Oct 30, 2017 12:04pm
Quoting jarfx05
{quote} I'm not good at long term planning. That's why I have to accept a lower profit.
That's perfectly reasonable since we don't know the future.
Good trading
In trading, you have to be defensive and aggressive at the same time
  • #12,429
  • Oct 30, 2017 12:47pm Oct 30, 2017 12:47pm
Quoting Davit
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...
liked the read, he is very sharp been watching his price action videos on youtube, informative for sure ...was wondering if his analogy of crocs being "big and fat" applies to traders as well. lol...
  • #12,430
  • Oct 30, 2017 1:39pm Oct 30, 2017 1:39pm
Profit can disappear like snow in the sun

Good start is not a big problem. You need to know when to go unconquerable...

GN

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if you're doing we all have results with all
  • #12,431
  • Oct 30, 2017 2:14pm Oct 30, 2017 2:14pm
Hi guys

who has Davits Pivot indi who shows MPL? MPL is often an important price level.

regards
if you're doing we all have results with all
  • #12,432
  • Oct 30, 2017 3:19pm Oct 30, 2017 3:19pm
Quoting jarfx05
Hi guys who has Davits Pivot indi who shows MPL? MPL is often an important price level. regards
Check the paper clip, its been posted numerous times.
Trade with confidence, trade without fear.
  • #12,433
  • Oct 30, 2017 3:52pm Oct 30, 2017 3:52pm
Quoting Cryptosurf
{quote} Check the paper clip, its been posted numerous times.

I've already checked. shows only PL without MPL.
if you're doing we all have results with all
  • #12,434
  • Oct 30, 2017 4:18pm Oct 30, 2017 4:18pm
Quoting jarfx05
{quote} I've already checked. shows only PL without MPL.
Some reference MPL as "Multiple Pivot Levels". If your referring to it as in S/R levels, then there isn't one.
Trade with confidence, trade without fear.
  • #12,435
  • Edited 6:16pm Oct 30, 2017 5:56pm | Edited 6:16pm
Quoting jarfx05
Hi guys who has Davits Pivot indi who shows MPL? MPL is often an important price level. regards
I think you mean monthly pivots. Its on clipboard under Pivot voty
When you click 4h and lower its weekly but when you click on Daily it shows monthly pivots and if you mean the blue line that's daily open price and its on 1st page
Personally after testing monthly pivots its basically impractical in forex trading unless you are an investor holding trades for months.

To me less you have on your charts the better.Think of indicators as variables more you have them more variables you are adding until making trading decision becomes paralyzing.

Example of too much going on.Its our local Doctor John.No offense buddy just using your chart as an example
He has volume,MA ribbon consist of multiple MA's,Pivots etc.How many variables are there?Which one is most important? Is volume important? if so how is that conflict with key pivot levels and so on you get the picture.

I can tell you one thing I am proud of. Page 1 my template is same as now.How many threads you can find that to be true...
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In trading, you have to be defensive and aggressive at the same time
  • #12,436
  • Oct 30, 2017 9:17pm Oct 30, 2017 9:17pm
Managed 200+ pips on this last week. At a good spot again to load more shorts
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Fall seven times, stand up Eight! #GGMU
  • #12,437
  • Oct 30, 2017 9:25pm Oct 30, 2017 9:25pm
Many Many THNKS Davit...... completely turned my trading round , been getting Nial Fullers stuff for years , didn't help any where as much as you ... I only use pivots .. and quite happy to take 30pts TP ... "Bonza M8" SP
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(something like 85 + wins since 24th oct)
  • #12,438
  • Oct 30, 2017 9:46pm Oct 30, 2017 9:46pm
Quoting starpro
Many Many THNKS Davit...... completely turned my trading round , been getting Nial Fullers stuff for years , didn't help any where as much as you ... I only use pivots .. and quite happy to take 30pts TP ... "Bonza M8" SP{image} (something like 85 + wins since 24th oct)
nice job keep it up
In trading, you have to be defensive and aggressive at the same time
  • #12,439
  • Oct 30, 2017 9:47pm Oct 30, 2017 9:47pm
Quoting vickym
Managed 200+ pips on this last week. At a good spot again to load more shorts {image}
keep it going
In trading, you have to be defensive and aggressive at the same time
  • #12,440
  • Oct 30, 2017 9:48pm Oct 30, 2017 9:48pm
Watch for engulfing and pinbar patterns near pivots for extra confluence.
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