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Pivot Trading

  • #13,221
  • Nov 19, 2017 4:36pm Nov 19, 2017 4:36pm
Good Morning Davit ,,, I'm sure I saw post a little while ago re AU with figure .7550 mentioned ... did you remove it ? regards SP I was already long around that number
  • #13,222
  • Nov 19, 2017 4:58pm Nov 19, 2017 4:58pm
Quoting starpro
Good Morning Davit ,,, I'm sure I saw post a little while ago re AU with figure .7550 mentioned ... did you remove it ? regards SP I was already long around that number
After posting it I realized that essentially I am becoming a signal service and that's not what I want.You make your decisions.I already have a cult of haters reading my every post.
People don't understand how I trade may get in and get burn from lack of experience and position size.
12 positions
Trade at your own risk and I can be 100% wrong!
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #13,223
  • Nov 19, 2017 5:21pm Nov 19, 2017 5:21pm
Attached Image
Thanks for that . I thought as much ... I have a few and adding on dips S38 this week is 50pts diff to your S138
  • #13,224
  • Nov 19, 2017 5:49pm Nov 19, 2017 5:49pm
I am IN.
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  • #13,225
  • Nov 19, 2017 6:43pm Nov 19, 2017 6:43pm
Quoting denisius
I am IN. {image}
First ever post here. I'd probably be a bit cautious going long the USD/JPY given Merkel's attempt to form a new government have collapsed. The yen tends to be more of a risk off currency then the USD, so any geopolitical concerns tends to favor the Yen....My opinion is just from a fundamental perspective and not technical. Maybe the technicals will win though. Good luck!
  • #13,226
  • Nov 19, 2017 8:25pm Nov 19, 2017 8:25pm
Quoting Davit
Some books influenced me greatly and this one in particular From "Bird Watching in Lion Country" "RISK MANAGEMENT Lastly, but very importantly, the issue of risk management. How to take and protect your profits, how to manage your downside. Being able to manage your out-of-the-money positions and minimize your down-side is a crucial aspect of trading success. Sometimes it is easy to make profits but hard to keep them. Exactly the same problem that keeps traders from being successful in general is also applicable to risk management in particular....

Hi Davit
hope your doing well.
could you please explain this sentence to me ?thanks.....Traders who place stop losses 10-50pips are going to be taken out.
  • #13,227
  • Nov 19, 2017 9:26pm Nov 19, 2017 9:26pm
seems pretty self explainitory
something Davit has said many times
I will get my head around this, but always can be wrong
  • #13,228
  • Edited 10:01pm Nov 19, 2017 9:50pm | Edited 10:01pm
Quoting sam960
{quote} Hi Davit hope your doing well. could you please explain this sentence to me ?thanks.....Traders who place stop losses 10-50pips are going to be taken out.
Only way to know the truth of my statement is demo trade and place your stops 10-50pips and try to make money.Do it for 3months and see how you'll do.
Bottom line is your brokers love stops that they can hit and do it often.Retail traders provide liquidity for institutional traders to get out.Spikes are designed to do just that.We saw it today from 5pm to 5.45 Euro and Euro crosses climbed then all got dumped by 6pm.I hope this makes sense.Lots of info on the net on this subject
watch this please. all the way!
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #13,229
  • Nov 19, 2017 10:05pm Nov 19, 2017 10:05pm
Quoting FormerCIO
{quote} First ever post here. I'd probably be a bit cautious going long the USD/JPY given Merkel's attempt to form a new government have collapsed. The yen tends to be more of a risk off currency then the USD, so any geopolitical concerns tends to favor the Yen....My opinion is just from a fundamental perspective and not technical. Maybe the technicals will win though. Good luck!
welcome
In trading, you have to be defensive and aggressive at the same time
  • #13,230
  • Nov 19, 2017 10:14pm Nov 19, 2017 10:14pm
AU is beginning to grow legs
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In trading, you have to be defensive and aggressive at the same time
  • #13,231
  • Edited 10:49pm Nov 19, 2017 10:17pm | Edited 10:49pm
worth watching this
Anton Kreil Annihilates Retail Brokers and "Trading Educators"

Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #13,232
  • Nov 20, 2017 5:26am Nov 20, 2017 5:26am
ECB speech a little while after the US market open. With AUD central bank meeting minutes coming out early on Tuesdays Asian session (Monday evening US time). Expect volatility during Draghi's speech and I'd avoid entering any EUR trades prior to it due to instability he might inject if he expresses concerns over Germany's failure to form a coalition government after the election (why EU has crashed 70 pips so far). AUD might bottom out and strengthen if the meeting minutes can avoid some of the doveishness that has been coming from the RBA recently. If you want to trade AUD, I would wait for the minutes to come out and see if the AUD market fails to make a new low when they come out, if it doesn't make a new low this may be the next short term bottom.
Plan your trade and Trade your plan.
  • #13,233
  • Nov 20, 2017 6:18am Nov 20, 2017 6:18am
Quoting Davit
{quote} welcome
Turns out the technicals are winning this battle! Good trade guys
  • #13,234
  • Nov 20, 2017 6:47am Nov 20, 2017 6:47am
AJ TDI avg angle and price action at S38 look favourable to long.
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  • #13,235
  • Nov 20, 2017 7:33am Nov 20, 2017 7:33am
Quoting Davit
waiting for bounce to reload on EC {image}
here it is
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In trading, you have to be defensive and aggressive at the same time
  • #13,236
  • Nov 20, 2017 7:39am Nov 20, 2017 7:39am
Will be looking to see if we get a bounce of the R61 and ADR exhaustion

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  • #13,237
  • Nov 20, 2017 7:45am Nov 20, 2017 7:45am
Quoting spyderman
Will be looking to see if we get a bounce of the R61 and ADR exhaustion {image}
Crude is dropping and looks like its heading to 55.Crude dropping weakens the CAD
Watch PA and see if signs point to sell once it gets there.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #13,238
  • Nov 20, 2017 7:49am Nov 20, 2017 7:49am
Draghi to speak in 8min
Love to hear some bad news on Euro
EC drop below 1.50 would be sweet
In trading, you have to be defensive and aggressive at the same time
  • #13,239
  • Nov 20, 2017 7:51am Nov 20, 2017 7:51am
Quoting spyderman
Will be looking to see if we get a bounce of the R61 and ADR exhaustion {image}
oops...I meant R38
  • #13,240
  • Nov 20, 2017 7:53am Nov 20, 2017 7:53am
Quoting spyderman
{quote} oops...I meant R38
I saw the circle knew what you were referring
In trading, you have to be defensive and aggressive at the same time
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