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Pivot Trading

  • #13,041
  • Nov 14, 2017 9:56am Nov 14, 2017 9:56am
So what now that EurUsd is over R100??
"Follow the comet"
  • #13,042
  • Nov 14, 2017 10:36am Nov 14, 2017 10:36am
Quoting alxtr8der
So what now that EurUsd is over R100??
Just keep an eye on a potential reversal. Or not.

Quoting Davit
Here is how to trade pivots.
As price travels progressively away from weekly pivot it becomes more likely to go into correction.
61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone.
Should price smash 100 S/R then you are in strong trend supported by fundamentals.
Trade with confidence, trade without fear.
  • #13,043
  • Nov 14, 2017 10:59am Nov 14, 2017 10:59am
Quoting alxtr8der
So what now that EurUsd is over R100??
Maybe it was taking out all stop loses before heading south, I guess, price like to do that often, Lets hope it heads down
  • #13,044
  • Nov 14, 2017 11:03am Nov 14, 2017 11:03am
got out of GU longs $$ and took today lots of short duration trades.Conditions were not ideal.When life gives me lemons I make lemonade.
To me its about continuously making profitable trades.
Some trades AU longs,UJ shorts and again GU longs close AU longs reload etc.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #13,045
  • Nov 14, 2017 11:06am Nov 14, 2017 11:06am
Quoting thedrrew
Gladly still holding both GU and NC. My plan is to wait until GU test the pivot and watch its reaction. If it does not, a strong break of 61S would mean for me to get out. For NC if not much resistance is hit on the 38S I'll hold until the pivot is tested. If it comes back down and cut through 78S I plan to get out. {image} Any comments are welcome.
nice spike on GU $$
In trading, you have to be defensive and aggressive at the same time
  • #13,046
  • Nov 14, 2017 11:11am Nov 14, 2017 11:11am
Quoting Davit
{quote} nice spike on GU $$
Exactly. It made me close the trade few moments ago has I believe fast move like those can retrace fast. Holding this one since Sunday night is a new record for me !
  • #13,047
  • Nov 14, 2017 11:12am Nov 14, 2017 11:12am
Quoting realjumper
If I may....and I hope this is cool with you Davit. If not, sing out and I'll delete this. I use standard daily pivots in my trading, and I have done so for a very long time. I was taught about pivots by a guy named Mike, who use to post here at FF under the name 'Acumen.' Anyway, in order for the Daily pivots to be of any use, they need to be correct. You find that (for instance) if a broker has the wrong offset, or if the use that stupid Sunday candle, then the pivots will be out of whack. The way to see if your pivots line up with the majority...
Hi RJ
I prefer fib pivots they are to me and objectively more powerful.One can check out Fib pivots location online as well.Many sites are available.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #13,048
  • Nov 14, 2017 11:13am Nov 14, 2017 11:13am
Quoting thedrrew
{quote} Exactly. It made me close the trade few moments ago has I believe fast move like those can retrace fast. Holding this one since Sunday night is a new record for me !
So what did you learn?Could you post your chart with gains?
In trading, you have to be defensive and aggressive at the same time
  • #13,049
  • Nov 14, 2017 11:17am Nov 14, 2017 11:17am
UJ reload again.Its making lower lows and could break out south
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In trading, you have to be defensive and aggressive at the same time
  • #13,050
  • Nov 14, 2017 11:20am Nov 14, 2017 11:20am
Quoting Davit
{quote} So what did you learn?Could you post your chart with gains?
I was an impatient grasshopper ! Watching the video you posted recently about the MM's is helping me also realize I should persist into holding longer.

Watching higher time frame and keeping an eye on fundamentals just make sense now...

Here's the chart:
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  • #13,051
  • Nov 14, 2017 11:24am Nov 14, 2017 11:24am
Quoting thedrrew
{quote} I was an impatient grasshopper ! Watching the video you posted recently about the MM's is helping me also realize I should persist into holding longer. Watching higher time frame and keeping an eye on fundamentals just make sense now... Here's the chart: {image}
great keep at it and build that account.
Challenge is some cases worth holding and other times getting out makes sense. Look at the UJ for Example.How many up and downs so far this month?
Recognizing range conditions is important.
In trading, you have to be defensive and aggressive at the same time
  • #13,052
  • Nov 14, 2017 11:25am Nov 14, 2017 11:25am
Nice potential A+ set up
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #13,053
  • Nov 14, 2017 11:30am Nov 14, 2017 11:30am
Watch AU 7620+15 reload.This is ideal range situation on this pair up get out and reload
In trading, you have to be defensive and aggressive at the same time
  • #13,054
  • Nov 14, 2017 11:33am Nov 14, 2017 11:33am
Quoting Davit
{quote} great keep at it and build that account. Challenge is some cases worth holding and other times getting out makes sense. Look at the UJ for Example.How many up and downs so far this month? Recognizing range conditions is important.
Thanks Davit, it means a lot to me . I'll keep reading and learning. And maybe meditate everyday
  • #13,055
  • Nov 14, 2017 11:55am Nov 14, 2017 11:55am
Quoting Davit
Nice potential A+ set up {image}
Following with interest

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  • #13,056
  • Nov 14, 2017 11:57am Nov 14, 2017 11:57am
Also building positions on NC. Was originally thinking riding the S38 up to R38. Now that she dipped to the S61 not sure yet. Still very newbie to the idea.

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  • #13,057
  • Nov 14, 2017 12:13pm Nov 14, 2017 12:13pm
Euro approaching some serious resistance

EN
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EJ
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Fall seven times, stand up Eight! #GGMU
  • #13,058
  • Nov 14, 2017 12:18pm Nov 14, 2017 12:18pm
Quoting Davit
Anticipating GU to close the gap 3180 UJ coming down nicely {image}
Well, that worked out well...

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  • #13,059
  • Nov 14, 2017 12:18pm Nov 14, 2017 12:18pm
Quoting strings
{quote} hmmmm Theresa May or british MPs are conspiring against your trades.

And yet...
  • #13,060
  • Nov 14, 2017 12:56pm Nov 14, 2017 12:56pm
Quoting Cryptosurf
{quote} Just keep an eye on a potential reversal. Or not. {quote}
Thanks man I appreciate your time and help. Will be taking a refresher today! I've learned so much already...
"Follow the comet"
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