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Pivot Trading

  • #13,621
  • Dec 6, 2017 5:54am Dec 6, 2017 5:54am
EU 130 pips so far..
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And GU 80 pips
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #13,622
  • Dec 6, 2017 6:07am Dec 6, 2017 6:07am
Another trade using Davits pivot..probably too risky. A question here, how can you tell price is fakey or over extended thru S/R ?
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Be the change that you want to change
  • #13,623
  • Dec 6, 2017 6:18am Dec 6, 2017 6:18am
Could someone please clarify that for me?
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Be the change that you want to change
  • #13,624
  • Dec 6, 2017 6:36am Dec 6, 2017 6:36am
Quoting mubinirl
Another trade using Davits pivot..probably too risky. A question here, how can you tell price is fakey or over extended thru S/R ? {image}
Price retested previous low, that is all. You need to load the daily open level indicator as it is also acts as SR levels.

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Trade with confidence, trade without fear.
  • #13,625
  • Dec 6, 2017 7:05am Dec 6, 2017 7:05am
watch EC in the zone.Don't place longs yet red data today.After 10am this might shoot up.I think rates will be unchanged
I am CAD bearish after all the "good news" has been consumed.
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In trading, you have to be defensive and aggressive at the same time
  • #13,626
  • Dec 6, 2017 7:08am Dec 6, 2017 7:08am
Quoting Cryptosurf
{quote} Price retested previous low, that is all. You need to load the daily open level indicator as it is also acts as SR levels. {image}
plus big psychological number 18 all whole numbers are natural S/r's
In trading, you have to be defensive and aggressive at the same time
  • #13,627
  • Dec 6, 2017 7:40am Dec 6, 2017 7:40am
I had some interaction with another "trader" who called pivots stupid indicator
You can bring the donkey to a river but you can't make it drink
below examples of "stupid" indicator
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In trading, you have to be defensive and aggressive at the same time
  • #13,628
  • Dec 6, 2017 7:47am Dec 6, 2017 7:47am
Quoting Davit
I had some interaction with another "trader" who called pivots stupid indicator You can bring the donkey to a river but you can't make it drink below examples of "stupid" indicator {image} {image} {image}
That's the art of the game. Keep the thread, near the top. Newbies click on it. The guru praises the newbies, the newbies likes it, and off they go! Saying indicators are stupid while using indicators.
If you are good at something, never do it for free--Joker
  • #13,629
  • Dec 6, 2017 7:50am Dec 6, 2017 7:50am
Quoting jmn5611
{quote} That's the art of the game. Keep the thread, near the top. Newbies click on it. The guru praises the newbies, the newbies likes it, and off they go!
or type with red screaming font as though that would make it valid when the content is idiotic
In trading, you have to be defensive and aggressive at the same time
  • #13,630
  • Dec 6, 2017 7:57am Dec 6, 2017 7:57am
Quoting mubinirl
Could someone please clarify that for me? {image}
TDI divergence. Google it.
  • #13,631
  • Dec 6, 2017 8:04am Dec 6, 2017 8:04am
If you are long on AC don't panic.After rate descion which most likely be same this will go up most probably plus price already bounced off from 61S
In trading, you have to be defensive and aggressive at the same time
  • #13,632
  • Dec 6, 2017 9:00am Dec 6, 2017 9:00am
Quoting Davit
If you are long on AC don't panic.After rate descion which most likely be same this will go up most probably plus price already bounced off from 61S
This should be interesting...

Attachment g


And it was...

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  • #13,633
  • Edited 9:30am Dec 6, 2017 9:04am | Edited 9:30am
Quoting Davit
If you are long on AC don't panic.After rate descion which most likely be same this will go up most probably plus price already bounced off from 61S
Amazing Davit! Looks like a lot of stops being taken out by the big push south prior to news...
  • #13,634
  • Dec 6, 2017 9:22am Dec 6, 2017 9:22am
out AC+382
Had GDP came out green last night this would of gone far higher.Anyway we take what market gives
if it drops under 9640 I may build again to 97
its already way passed ADR
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In trading, you have to be defensive and aggressive at the same time
  • #13,635
  • Dec 6, 2017 9:27am Dec 6, 2017 9:27am
Quoting spyderman
{quote} This should be interesting... 2590435 And it was... {image}
attachment not found
In trading, you have to be defensive and aggressive at the same time
  • #13,636
  • Dec 6, 2017 9:29am Dec 6, 2017 9:29am
should be reaction here
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In trading, you have to be defensive and aggressive at the same time
  • #13,637
  • Dec 6, 2017 9:36am Dec 6, 2017 9:36am
Quoting Davit
{quote} attachment not found
Yeah sorry about that. It was a beautiful shot of price sitting on that S78 just before the news. When I loaded the after pic it deleted the first cuz I didn't change file name...

Excellent call Davit.
  • #13,638
  • Dec 6, 2017 9:38am Dec 6, 2017 9:38am
Was also long AC . I have given some thought to my profit taking and I am going to try targeting the next pivot level then trailing above or below "decision candles" (term borrowed from Mr. Pip). Have to make this as mechanical as possible to get rid of emotions.

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As a side note: Davit, my daily open lines don't seem to match yours. I haven't change that particular indicator's settings from your template. Also US east coast using Oanda - any ideas?
Process over outcome.
  • #13,639
  • Dec 6, 2017 9:39am Dec 6, 2017 9:39am
Quoting Davit
out AC+382 Had GDP came out green last night this would of gone far higher.Anyway we take what market gives if it drops under 9640 I may build again to 97 its already way passed ADR {image}
Had the same thinking behind this. It's a demo account, so it's something not to get too excited for. Max DD 1,2%.

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  • #13,640
  • Dec 6, 2017 9:41am Dec 6, 2017 9:41am
Quoting Chrysmere
Was also long AC . I have given some thought to my profit taking and I am going to try targeting the next pivot level then trailing above or below "decision candles" (term borrowed from Mr. Pip). Have to make this as mechanical as possible to get rid of emotions. {image} As a side note: Davit, my daily open lines don't seem to match yours. I haven't change that particular indicator's settings from your template. Also US east coast using Oanda - any ideas?
you find EST 5pm on your chart then manually move + or -
if having difficulty just change it right on 5pm EST so you know where the line should be
In trading, you have to be defensive and aggressive at the same time
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