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Pivot Trading

  • #16,201
  • Mar 19, 2018 8:20am Mar 19, 2018 8:20am
Quoting Davit
EA watch still and setting up nicely since its none USD better for it. AN worth watching long very strong support level and if AUD monetary policy prints positive economy hints of rate increase this should shoot up Note weds NZD rate day so keep that in mind.Benefit of doing your homework So market may continue selling AN or shoot up then drop down again until Weds Note AN is probably most rangy pair out there and I love it worth reposing this in case you missed it Overview focus is on USD and GBP heavy...
Do you mean for today only or do you mean "in general".....all the time?
  • #16,202
  • Edited Mar 20, 2018 2:09am Mar 19, 2018 11:16am | Edited Mar 20, 2018 2:09am
Hi traders,

 

  1. EURGBP awesome rejection

Update: stepped put with tiny profit,mostly on BE. This is part of trading too.

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  1. slowly starting to build short positions on EA


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Cheers
  • #16,203
  • Mar 19, 2018 12:01pm Mar 19, 2018 12:01pm
Out of NU with +30
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  • #16,204
  • Mar 19, 2018 1:39pm Mar 19, 2018 1:39pm
Hi guys today I posted good trade EA and said watch PA and beautifully Price hit R61 to T (power of pivots for skeptics) then descended and I started building my shorts.
So we have beginning of a trade LIVE from watch list to execution! There should be no confusion about this system none!
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In trading, you have to be defensive and aggressive at the same time
  • #16,205
  • Mar 19, 2018 1:41pm Mar 19, 2018 1:41pm
Quoting bojack34
{quote} Do you mean for today only or do you mean "in general".....all the time?
if you have to ask you should not be here. pull the fking chart and look at it! I mean look at it! make your conclusion.
You are on thin ice I am on verge of removing you
In trading, you have to be defensive and aggressive at the same time
  • #16,206
  • Mar 19, 2018 1:59pm Mar 19, 2018 1:59pm
Got a PM one member from here asking when EC I am expected to decline

This is very discouraging to me.This means this individual is clueless about the essence of this thread.
Once again this system is based on probability theories which means system needs large sample size of trades to show its edge.
No different then how casino operates.Casino has about 3.5% Edge but that's enough to generate millions but the house does not know the outcome of every card game? Understood? I have no idea if EC is going to come down NONE but I know If I take trades in the zone I have about 70-80% chance of hitting winners but I don't know the result of every trade so you asking outcome of a trade is not only discourages me that you have not learned anything but seriously should not be on this thread wasting my time.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #16,207
  • Mar 19, 2018 10:13pm Mar 19, 2018 10:13pm
https://www.bloomberg.com/news/artic...ource=facebook

U.S. Plans Heavy China Tariff Hit as Soon as This Week

Guys... what do you think, would be the impact on currency? And do you think.. this move is good for US, in long term?
  • #16,208
  • Mar 19, 2018 10:23pm Mar 19, 2018 10:23pm
Quoting vinforex7
https://www.bloomberg.com/news/artic...ource=facebook U.S. Plans Heavy China Tariff Hit as Soon as This Week Guys... what do you think, would be the impact on currency? And do you think.. this move is good for US, in long term?
Wall street took a beating today already on Steel aluminum tariffs.I can see more of the same to continue
then creates new volatility for buyers.Its cyclical the reasons almost not important.
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In trading, you have to be defensive and aggressive at the same time
  • #16,209
  • Mar 20, 2018 3:34am Mar 20, 2018 3:34am
EA, start melting
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  • #16,210
  • Mar 20, 2018 4:06am Mar 20, 2018 4:06am
EC & EA falling nicely..
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Be the change that you want to change
  • #16,211
  • Mar 20, 2018 4:12am Mar 20, 2018 4:12am
In on a short on UC.. hoping to get out by London close today..
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Be the change that you want to change
  • #16,212
  • Mar 20, 2018 4:19am Mar 20, 2018 4:19am
NC: nice PA there, pivot turned from support to resistance. looking for deeper targets now (could be ruined by the double bottom though).
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"Letting losses run is the most serious mistake made by most investors."W.O
  • #16,213
  • Mar 20, 2018 5:59am Mar 20, 2018 5:59am
Quoting Davit
{quote} Wall street took a beating today already on Steel aluminum tariffs.I can see more of the same to continue then creates new volatility for buyers.Its cyclical the reasons almost not important. {image}
Interesting insight.. and very valid too.
  • #16,214
  • Mar 20, 2018 6:18am Mar 20, 2018 6:18am
EC reached my TP
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  • #16,215
  • Mar 20, 2018 6:32am Mar 20, 2018 6:32am
Quoting mubinirl
In on a short on UC.. hoping to get out by London close today.. {image}
I removed my shorts position by mistakes at 3090 but now I think it should retest R38 again before falling down
  • #16,216
  • Mar 20, 2018 6:34am Mar 20, 2018 6:34am
Closed EC! EA still running until the pivot line..
Be the change that you want to change
  • #16,217
  • Mar 20, 2018 6:56am Mar 20, 2018 6:56am
High guys
Trades are going as planned.Nice now we just need to watch and show patience. EA should drop to minimum 1.58 so no hurry to get out and EC still has huge room on downside. I expect lot of movement after weds.
Lot of red numbers came out on GBP and I think it killed the bull drive...
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In trading, you have to be defensive and aggressive at the same time
  • #16,218
  • Mar 20, 2018 7:04am Mar 20, 2018 7:04am
Quoting mubinirl
Closed EC! EA still running until the pivot line..
there was no reason to close EC...not even to WP price is between R38 and WP in basic terms one of those pivots will get hit...and since we are in correction mode WP more likely.
anyway green pips
In trading, you have to be defensive and aggressive at the same time
  • #16,219
  • Mar 20, 2018 7:08am Mar 20, 2018 7:08am
22min to GDT auction
effects NZD red here very well might push NC down
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In trading, you have to be defensive and aggressive at the same time
  • #16,220
  • Mar 20, 2018 7:12am Mar 20, 2018 7:12am
Made a little mistake yesterday on EC that reminded me to always not go over-leveraged. I Hedged 50% of my short position at the top ( R38) was expecting R61 and à pullabck. Never would have happened if i wasnt over leveraged.
I was smart enough not to hedge 100% so its not an absolute mess.
"Letting losses run is the most serious mistake made by most investors."W.O
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