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Pivot Trading

  • #13,801
  • Dec 13, 2017 8:57pm Dec 13, 2017 8:57pm
Quoting Davit
{quote} Aussie is getting new love and this may last little while longer.Watch PA and make your decision.This could drop and I agree with you on overstretched part
I'm just trading AC with this system until I understand it better
then again I'll never stop learning with all the complexities
ps the employment growth was a stat move by a bill of parliament making work for the dole compulsory and hence moving people over
I will get my head around this, but always can be wrong
  • #13,802
  • Dec 13, 2017 10:54pm Dec 13, 2017 10:54pm
Quoting Davit
When you see a pair close or on WP wait until it gets in the zone otherwise you might be early way early. EC has potential to move north which I am incline to believe but it could go south.Draghi speaking today and he might effect this pair and all Euro pairs. {image}
Davit, your FOMC point noted down for myself. This news does have huge impact on the trading decision.

Also as per above statement, my understanding is pair needs to be first reaching or around WP in current week and then if deviates to any zone 68 or 79...then it has more chances of reversal...
In the beginning on week itself, if pair starts from any zone, then it is not considered. Or every week start, pair always starts from fresh pivot points around WP.
  • #13,803
  • Dec 13, 2017 11:00pm Dec 13, 2017 11:00pm
Quoting AbhijetPandi
{quote} Davit, your FOMC point noted down for myself. This news does have huge impact on the trading decision. Also as per above statement, my understanding is pair needs to be first reaching or around WP in current week and then if deviates to any zone 68 or 79...then it has more chances of reversal... In the beginning on week itself, if pair starts from any zone, then it is not considered. Or every week start, pair always starts from fresh pivot points around WP.
No that's not what I was saying. You can buy or sell below and above WP from the "zone" once it reaches WP often either it stalls reverses or breaks and continues. WP is basically an equilibrium and I often don't trade from it because it can go either direction.
good example of CAD not able to break WP and this chart to me is automatic no trade.Price is in limbo area.
Often inexperienced new traders or even experienced bad traders get in close to or on WP not even knowing (mostly trading MA systems) and get whip saw and accumulate losses.Beauty of this system is it allows clarity to avoid such trades.
Keep it simple take trades only in the Zone and you will be fine.
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In trading, you have to be defensive and aggressive at the same time
  • #13,804
  • Dec 14, 2017 12:07am Dec 14, 2017 12:07am
Quoting Davit
{quote} No that's not what I was saying. You can buy or sell below and above WP from the "zone" once it reaches WP often either it stalls reverses or breaks and continues. WP is basically an equilibrium and I often don't trade from it because it can go either direction. good example of CAD not able to break WP and this chart to me is automatic no trade.Price is in limbo area. Often inexperienced new traders or even experienced bad traders get in close to or on WP not even knowing (mostly trading MA systems) and get whip saw and accumulate losses.Beauty...
GOOD Stuff Davit..Allows Clarity ...100%rite
  • #13,805
  • Dec 14, 2017 5:48am Dec 14, 2017 5:48am
Closed NC+304
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In trading, you have to be defensive and aggressive at the same time
  • #13,806
  • Dec 14, 2017 6:00am Dec 14, 2017 6:00am
Hi. I think i have a clear edge with this system
I started with a 305$ real account on 21th november and now it is at 392$ for almost a 30% gain in less than a month.
See detailed statement below.
Thank you Davit!
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  • #13,807
  • Dec 14, 2017 6:02am Dec 14, 2017 6:02am
One day later........
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If you are good at something, never do it for free--Joker
  • #13,808
  • Dec 14, 2017 6:04am Dec 14, 2017 6:04am
Quoting Aqvila
Hi. I think i have a clear edge with this system I started with a 305$ real account on 21th november and now it is at 392$ for almost a 30% gain in less than a month. See detailed statement below. Thank you Davit!{image}
Excellent job Aqvila
I like that you had no issues taking losses and continuing hammering system trades to allow Edge to develop.

Well done!
In trading, you have to be defensive and aggressive at the same time
  • #13,809
  • Dec 14, 2017 6:12am Dec 14, 2017 6:12am
It would be nice to see EC swing back again 5180 would be nice to short
Missed earlier spike
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In trading, you have to be defensive and aggressive at the same time
  • #13,810
  • Dec 14, 2017 6:18am Dec 14, 2017 6:18am
Thank you Sir.
  • #13,811
  • Dec 14, 2017 6:29am Dec 14, 2017 6:29am
Chart I just posted
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In trading, you have to be defensive and aggressive at the same time
  • #13,812
  • Edited 7:20am Dec 14, 2017 7:09am | Edited 7:20am
Closed EC shorts+200
Daily open is proving tough to break.(blue line)
might of been out too early but have too many CAD in my basket which I prefer to limit exposure.Don't like having too much of any currency

don't be just a lurker...don't really need to share all these...it is becoming like a monologue
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In trading, you have to be defensive and aggressive at the same time
  • #13,813
  • Dec 14, 2017 7:23am Dec 14, 2017 7:23am
last 48hrs results
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In trading, you have to be defensive and aggressive at the same time
  • #13,814
  • Dec 14, 2017 8:17am Dec 14, 2017 8:17am
UJ power of the R38. Note also how daily open was resistance. Sign to short it.
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  • #13,815
  • Dec 14, 2017 8:20am Dec 14, 2017 8:20am
NC short (watchlist).
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  • #13,816
  • Dec 14, 2017 8:23am Dec 14, 2017 8:23am
AC short. Watching it. R200 should prove to be a good entry.
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  • #13,817
  • Dec 14, 2017 8:25am Dec 14, 2017 8:25am
AJ. Waiting for R78 to short it when PA agrees.
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  • #13,818
  • Dec 14, 2017 8:29am Dec 14, 2017 8:29am
NJ (it's a hyper pair but just to prove this works).
Rejecting R78 and TDI sharply down.
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  • #13,819
  • Dec 14, 2017 8:54am Dec 14, 2017 8:54am
Quoting pgr45za
NJ (it's a hyper pair but just to prove this works). Rejecting R78 and TDI sharply down. {image}
good posts I am glad I am not trading alone ....

After closing some on EA last 48hrs results
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In trading, you have to be defensive and aggressive at the same time
  • #13,820
  • Dec 14, 2017 8:57am Dec 14, 2017 8:57am
Monthly result Dec so far which is still going strong
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In trading, you have to be defensive and aggressive at the same time
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