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Pivot Trading

  • #14,001
  • Dec 21, 2017 8:36am Dec 21, 2017 8:36am
Quoting Davit
{quote} but in danger of drawning Notice no matter what I post one of my haters or several goes and clicks dislike.I could say just "hello" and these idiots will dislike it. What a bunch of low lives.
Someone dislikes every post here. Doesn't matter, don't care really.
  • #14,002
  • Dec 21, 2017 8:44am Dec 21, 2017 8:44am
Quoting bergax
{quote} David you are a beast have you thought about account management? I believe a lot of people will be interested.
Thank you Bergax
I have been offered several times in PM's to manage other people's money and I don't think I am ready yet.Stress of being responsible for others money is something I am not ready to tackle.
Could be a possibility in the future but not now.
Happy holidays!
In trading, you have to be defensive and aggressive at the same time
  • #14,003
  • Dec 21, 2017 8:46am Dec 21, 2017 8:46am
NC on the move again
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #14,004
  • Dec 21, 2017 8:54am Dec 21, 2017 8:54am
Quoting 1pipperhour
{quote} That's a re-load trade actually. Last 3 days have produced long candles. Overall trend still up. I would say there's a probability it's going higher, 915-940 maybe. If it comes down I would re-load again when PA confirms. {image}
I'll have a look how it ends this time.

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  • #14,005
  • Dec 21, 2017 8:57am Dec 21, 2017 8:57am
Quoting 1pipperhour
{quote} I'll have a look how it ends this time. {image}
not a good idea.In this system we don't buy at resistance specially in the zone
You have NO edge or EDGE severely diminished
Better trade was continuing selling NC
idea AB=CD or 123 formation typical of correction.What I often do get out and get in essentially double dipping same trade as though I was still in it.
Basically maximizing $$
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #14,006
  • Dec 21, 2017 9:15am Dec 21, 2017 9:15am
Market focus now should go back to Yen specially Yen crosses.
In trading, you have to be defensive and aggressive at the same time
  • #14,007
  • Dec 21, 2017 9:15am Dec 21, 2017 9:15am
Quoting Davit
{quote} not a good idea.In this system we don't buy at resistance specially in the zone You have NO edge or EDGE severely diminished Better trade was continuing selling NC idea AB=CD or 123 formation typical of correction.What I often do get out and get in essentially double dipping same trade as though I was still in it. Basically maximizing $$ {image}
Okay, do I get it right, you would add if already in but would not build long at this point where it is now?
But if ever then you would look for counter trend trade on EU atm? Would wait for R100 which obviously would be better point for shorts?
  • #14,008
  • Dec 21, 2017 9:19am Dec 21, 2017 9:19am
Quoting 1pipperhour
{quote} Okay, do I get it right, you would add if already in but would not build long at this point where it is now? But if ever then you would look for counter trend trade on EU atm? Would wait for R100 which obviously would be better point for shorts?
Correct I would not buy anything if Price is at R61-100 or sell at S61-100
We trade swings! When price reaches 61-100 often its ADR is exhausted and you are TAIL end of the move basically a late comer which brokers love.
Please read page 1 carefully
Think swings look at any pair and notice the turning points and you'll get that aha moment.
And why would you not take a obvious short on NC where just about every TF is red and price has lots of room to reach lower pivots.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADH1.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #14,009
  • Dec 21, 2017 9:56am Dec 21, 2017 9:56am
Quoting Davit
{quote} Correct I would not buy anything if Price is at R61-100 or sell at S61-100 We trade swings! When price reaches 61-100 often its ADR is exhausted and you are TAIL end of the move basically a late comer which brokers love. Please read page 1 carefully Think swings look at any pair and notice the turning points and you'll get that aha moment. And why would you not take a obvious short on NC where just about every TF is red and price has lots of room to reach lower pivots. {image}
Several reasons for not taking it today anymore. First of all, I'm at work , then there were CAD news, among others also retail sales, to trade the reaction to news - I'm late to that party, daily ADR, price too low for today to sell, near last support so move will be small, I think that news wick will be hard to break if even ..., that move could be correction move even though it all started from resistance from .9010 area. But probability wise ... yeah, good trade .
  • #14,010
  • Dec 21, 2017 10:09am Dec 21, 2017 10:09am
Quoting Davit
{quote} Correct I would not buy anything if Price is at R61-100 or sell at S61-100 We trade swings! When price reaches 61-100 often its ADR is exhausted and you are TAIL end of the move basically a late comer which brokers love. Please read page 1 carefully Think swings look at any pair and notice the turning points and you'll get that aha moment. And why would you not take a obvious short on NC where just about every TF is red and price has lots of room to reach lower pivots. {image}
Hi Davit.

Just wondering if you forgot to refresh your pivots for NCAD. Weekly pivot should be around the current price 8929, which is acting as support for the moment.

Cheers and great trading!
Pride always comes before destruction.... -Proverbs 16:18
  • #14,011
  • Dec 21, 2017 10:09am Dec 21, 2017 10:09am
Quoting 1pipperhour
{quote} Several reasons for not taking it today anymore. First of all, I'm at work , then there were CAD news, among others also retail sales, to trade the reaction to news - I'm late to that party, daily ADR, price too low for today to sell, near last support so move will be small, I think that news wick will be hard to break if even ..., that move could be correction move even though it all started from resistance from .9010 area. But probability wise ... yeah, good trade .
its all good.Good luck on your trades.
In trading, you have to be defensive and aggressive at the same time
  • #14,012
  • Dec 21, 2017 10:14am Dec 21, 2017 10:14am
Happy holidays everyone!

4. An edge is nothing more than an indication of a higher probability of one thing happening
over another.
5. Every moment in the market is unique.
Attached Image
Plan your trade and Trade your plan.
  • #14,013
  • Dec 21, 2017 10:31am Dec 21, 2017 10:31am
Quoting Davit
for my dedicated hate groupies this week so far way up for the month. Since these low lives accuse me of Photoshop graphs here are my actual trades.Please disregard these idiots they are just nuisance {image} {image} {image} {image} {image}
Freaking awesome Davit, you inspire me man!
  • #14,014
  • Edited 11:14am Dec 21, 2017 10:44am | Edited 11:14am
Quoting Davit
for my dedicated hate groupies this week so far way up for the month. Since these low lives accuse me of Photoshop graphs here are my actual trades.Please disregard these idiots they are just nuisance {image} {image} {image} {image} {image}
There is no magic wand to get rid of HATERS. There is no secret spell to win them over to your side. some people won't like you regardless of what you do. That's alright. The world is a big place. Stay blesses @Davit
Plan your trade and Trade your plan.
  • #14,015
  • Dec 21, 2017 10:50am Dec 21, 2017 10:50am
Quoting Davit
Closed AC +515 {image}
I am impressed by your killer instinct. While i was waiting after the news if the price will get to PP target you added shorts and added... (i was wondering who is pushing the price down )

From this chart (others also) we can see how it should be traded to increase profits.It is easier to do this when you are 'in the money' and have confidence and the key is trading multiple small lots to avoid 'scared money' scenario.
  • #14,016
  • Dec 21, 2017 10:50am Dec 21, 2017 10:50am
Quoting Expo33
{quote} Hi Davit. Just wondering if you forgot to refresh your pivots for NCAD. Weekly pivot should be around the current price 8929, which is acting as support for the moment. Cheers and great trading!
Thank you friend!
You are correct I checked here
https://www.actionforex.com/markets/...i-pivot-points
Problem is all my other pairs are within 5pips on the mark except NC.Could be how last weeks candle closed. I check with other pivot indicators same.I think this is a fluke.It makes sense how price just does not want to break WP at 8929-20 zone.I am patient by end of the day I anticipate 89 or below it
In trading, you have to be defensive and aggressive at the same time
  • #14,017
  • Dec 21, 2017 11:05am Dec 21, 2017 11:05am
Quoting Davit
{quote} Thank you friend! You are correct I checked here https://www.actionforex.com/markets/...i-pivot-points Problem is all my other pairs are within 5pips on the mark except NC.Could be how last weeks candle closed. I check with other pivot indicators same.I think this is a fluke.It makes sense how price just does not want to break WP at 8929-20 zone.I am patient by end of the day I anticipate 89 or below it
I also use action forex to check my pivots. I like to study and analyze your set ups and just happened to notice it was different than mine.

Cheers
Pride always comes before destruction.... -Proverbs 16:18
  • #14,018
  • Dec 21, 2017 11:10am Dec 21, 2017 11:10am
Bye Bye! 2017

Back in the saddle on Jan 10th 2018. Merry Xmas and a Happy new year to everyone!

Mike
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Plan your trade and Trade your plan.
  • #14,019
  • Dec 21, 2017 11:19am Dec 21, 2017 11:19am
Quoting deepdrunk
{quote} I am impressed by your killer instinct. While i was waiting after the news if the price will get to PP target you added shorts and added... (i was wondering who is pushing the price down ) From this chart (others also) we can see how it should be traded to increase profits.It is easier to do this when you are 'in the money' and have confidence and the key is trading multiple small lots to avoid 'scared money' scenario.
I can't speak for Davit, but I had several entries last week around the area where it looks like Davit may have been adding to a profitable position. In my case these were earlier trades that spent some time in DD. Following the teachings of Dirk Du Toit, we give each trade time to become profitable and don't abandon it just because it spends some time on the wrong side of the tracks (unless the edge is gone of course). I certainly didn't have the prowess to add more positions on quickly after the news release. I was more concerned with closing the others at the right time. Cheers.
Process over outcome.
  • #14,020
  • Dec 21, 2017 11:20am Dec 21, 2017 11:20am
closed NC again another +205 total on this pair today over 1k points
Now I really want NU to push higher
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM5.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
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