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Pivot Trading

  • #13,921
  • Dec 18, 2017 5:27am Dec 18, 2017 5:27am
Thanks zorndyke,

that made it very clear!!

A nice trading style, no question. For me it would be very hard to manage my trades that way but that's the nice part about trading. A lots of good different ways out there to make money at the markets...
Everyday 1K keeps the doctor away ;-)...
  • #13,922
  • Edited 12:37pm Dec 18, 2017 12:03pm | Edited 12:37pm
Quoting Bax80
Thanks zorndyke, that made it very clear!! A nice trading style, no question. For me it would be very hard to manage my trades that way but that's the nice part about trading. A lots of good different ways out there to make money at the markets...
Once you get taken out of the market numerous times then you start getting smarter.Hard SL is perhaps most misunderstood aspect of trading.Your broker loves SL's...think why is that. Placing anything less then 50pipSL on H1-D chart is most likely will be taken out.
If you are a scalper then different picture.I actually sleep very peacefully never worried about my trades.Try reducing your lot size.
Something that is critical to grasp.
In trading, you have to be defensive and aggressive at the same time
  • #13,923
  • Edited 7:05pm Dec 18, 2017 12:04pm | Edited 7:05pm
Waiting for BO here

edit
got stopped out with minor gain
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #13,924
  • Dec 18, 2017 7:07pm Dec 18, 2017 7:07pm
might drop to 38S sopport
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,925
  • Dec 19, 2017 12:34am Dec 19, 2017 12:34am
very slow thin liquidity.Things might move little better after LO
In trading, you have to be defensive and aggressive at the same time
  • #13,926
  • Dec 19, 2017 8:38am Dec 19, 2017 8:38am
GDT price index -3.9%

Should weaken NZD

Farmers woke up to Christmas bad news with dairy prices falling by 3.9 per cent in the latest global dairy auction (GDT).
The previous auction two weeks ago offered a slight reprieve as the overall index rose 0.4 per cent, following four consecutive declines.
Fall seven times, stand up Eight! #GGMU
  • #13,927
  • Dec 19, 2017 8:43am Dec 19, 2017 8:43am
Quoting vickym
GDT price index -3.9% Should weaken NZD Farmers woke up to Christmas bad news with dairy prices falling by 3.9 per cent in the latest global dairy auction (GDT). The previous auction two weeks ago offered a slight reprieve as the overall index rose 0.4 per cent, following four consecutive declines.
Great for AN longs but I got stopped out....

Made some $$ on AU
+133
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #13,928
  • Dec 19, 2017 8:47am Dec 19, 2017 8:47am
UJ 1280 is proving tough R something to watch
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,929
  • Edited 9:35am Dec 19, 2017 9:08am | Edited 9:35am
Lots of USD pairs are in range.Most likely until Thurs final GDP

Have reasonable DD on NU but waiting lower to build up

I often make money even on dd on same pair
Technique I use close profitable positions that are in good profits by placing SL then price bounce higher against you reload price drops take profit again cycle repeating until breaks south like it did on EA
Often your take profits becomes greater then original DD on same pair.This is nothing new common recovery technique used by many traders
In trading, you have to be defensive and aggressive at the same time
  • #13,930
  • Dec 19, 2017 9:53am Dec 19, 2017 9:53am
Quoting Davit
Lots of USD pairs are in range.Most likely until Thurs final GDP Have reasonable DD on NU but waiting lower to build up I often make money even on dd on same pair Technique I use close profitable positions that are in good profits by placing SL then price bounce higher against you reload price drops take profit again cycle repeating until breaks south like it did on EA Often your take profits becomes greater then original DD on same pair.This is nothing new common recovery technique used by many traders
this is mainly the way I have traded, along with scalping..now incorporating pivots, your methods and staying in longer allowing trade to run a bit...thanks for sharing all of your knowledge and skill set
  • #13,931
  • Dec 19, 2017 9:57am Dec 19, 2017 9:57am
getting closer on this
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,932
  • Dec 19, 2017 10:54am Dec 19, 2017 10:54am
Quoting Davit
{quote} Great for AN longs but I got stopped out.... Made some $$ on AU +133 {image}
I got in on this one as well. After last weeks overcooked levels, was looking for a correction.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDiH1.png Size: 101 KB
Trade with confidence, trade without fear.
  • #13,933
  • Edited 12:01pm Dec 19, 2017 11:51am | Edited 12:01pm
Some quicky on UC
+106
Why I got out? Cad major data is on Thurs and until then I think USD bulls control until final GDP so my selling USD are basically quick trades.
R38 could stop this further decline
even though its only 106 points however my lot sizes are larger then normal.
Note these are just points not pips.Actually gains are measured in dollars %.
may go back up to 29 and then might be worth selling since I think range is more likely until Thurs.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #13,934
  • Dec 19, 2017 12:20pm Dec 19, 2017 12:20pm
dived right back in
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #13,935
  • Dec 19, 2017 1:23pm Dec 19, 2017 1:23pm
closed again on UC +117
total today on UC +223
not bad for slow day.I am done for today see you guys tonight
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,936
  • Dec 19, 2017 4:23pm Dec 19, 2017 4:23pm
Quoting Cryptosurf
{quote} I got in on this one as well. After last weeks overcooked levels, was looking for a correction. {image}
Which setting is that Cryptosurf that you can see the history of the last week pivots?

Also, can you post your news indicator please?

Thanks a lot.
Everyday 1K keeps the doctor away ;-)...
  • #13,937
  • Dec 19, 2017 5:08pm Dec 19, 2017 5:08pm
Quoting Bax80
{quote} Which setting is that Cryptosurf that you can see the history of the last week pivots? Also, can you post your news indicator please? Thanks a lot.
The pivots indi is posted here: https://www.forexfactory.com/showthr...10111329#reply

The calendar indi is posted here: https://www.forexfactory.com/showthread.php?t=705989
Trade with confidence, trade without fear.
  • #13,938
  • Dec 19, 2017 10:28pm Dec 19, 2017 10:28pm
This one is a keeper
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADH4.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,939
  • Dec 19, 2017 11:57pm Dec 19, 2017 11:57pm
Quoting Cryptosurf
{quote} The pivots indi is posted here: https://www.forexfactory.com/showthr...10111329#reply The calendar indi is posted here: https://www.forexfactory.com/showthread.php?t=705989
Ok, thank you very much. Is your symbol indicator on the left also posted in here?
Everyday 1K keeps the doctor away ;-)...
  • #13,940
  • Dec 19, 2017 11:59pm Dec 19, 2017 11:59pm
Quoting Davit
This one is a keeper {image}
You keep it at least until S38?
Everyday 1K keeps the doctor away ;-)...
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