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Pivot Trading

  • #16,521
  • Mar 26, 2018 10:45am Mar 26, 2018 10:45am
Quoting Davit
{quote} I suggest you not give advise to others how to manage trades specially that you only have 5 posts total here. You really need to understand nature of a swing.
Sure Davit, will shut up and listen =)
  • #16,522
  • Mar 26, 2018 10:50am Mar 26, 2018 10:50am
Quoting Davit
I love Richard Diebenkorn works. Very inspiring to me.Tell me if it does not look like pivots.... his Ocean Park series... https://www.youtube.com/watch?v=JO57L-InSdo at 2min mark reporter says he sat hours!!! contemplating at canvas without even picking up a brush!Sounds familiar? how long you waited until you pressed buy or sell? Trading is an ART {image}
It actually does look a lot like pivots, also in the interview he talks about staring at the canvas and sometimes it may be considered a waste of time. Just like trading, sometimes I look for a long time and its just not there. Thanks to pivots most of the time the long stares are not necessary.
  • #16,523
  • Mar 26, 2018 10:54am Mar 26, 2018 10:54am
Quoting Davit
drawing of my son by me and some collages and paintings from my earlier works. {image} {image} {image} {image}
You are quite talented. Did you draw your son from a sitting, pic or memory? Your paintings are awesome..
  • #16,524
  • Mar 26, 2018 12:24pm Mar 26, 2018 12:24pm
Good evening traders,

how is it going.
EA was a bit stubborn and hungry, but everything is ok. Dont forget, patience! Time is your friend, not enemy. Currently -750 pts
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AN - 150pts
EG +80pts

Cheers
  • #16,525
  • Mar 26, 2018 12:27pm Mar 26, 2018 12:27pm
Recruit, im one the same side ;- ) little drawdown almost 1% of fund so no problem:

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  • #16,526
  • Mar 26, 2018 12:43pm Mar 26, 2018 12:43pm
Current EA position..beginning to move south

Also in with small position on CAD/JPY
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Be the change that you want to change
  • #16,527
  • Mar 26, 2018 1:19pm Mar 26, 2018 1:19pm
Textbook swing failure, blew thru ADR and fell back into range.

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Trade with confidence, trade without fear.
  • #16,528
  • Mar 26, 2018 1:37pm Mar 26, 2018 1:37pm
EURUSD R100 maybe tomorrow, will see, nice area:

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  • #16,529
  • Mar 26, 2018 1:48pm Mar 26, 2018 1:48pm
Quoting zegarek1989
EURUSD R100 maybe tomorrow, will see, nice area: {image}
are you trading live ? think about risk management and how you get in trades.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #16,530
  • Mar 26, 2018 1:59pm Mar 26, 2018 1:59pm
Quoting zegarek1989
EURUSD R100 maybe tomorrow, will see, nice area: {image}
I'm struggling to see why you would enter into those trades? Where is the price action to confirm entry? Tdi cross??
  • #16,531
  • Mar 26, 2018 2:01pm Mar 26, 2018 2:01pm
Quoting mubinirl
Current EA position..beginning to move south Also in with small position on CAD/JPY {image}
Price touched R38..wait & see if it breaks this or will bounce from here.
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Be the change that you want to change
  • #16,532
  • Mar 26, 2018 3:31pm Mar 26, 2018 3:31pm
Quoting Spreadbetter
Fwiw, whenever anyone gives me a heads up regarding a successful trading thread, or a successful trader on trading forums, who’s sharing his technique and methods, for the love of the game and fellow man, my bullshit antennae generally twitch and my eyes roll as I think; “not again”... However, after close on 20 years of viewing charlatans, whoppers and con artists, trying to suck people in and get them to privately subscribe, it would appear finally, we have the genuine article here in Davit, who may even restore the flagging faith some of us jaundiced...
Thank you for your post.I appreciate it! Too bad you can't contribute here since we all can learn more from a veteran trader like yourself!
If you change your mind you are welcome to post!

Best of luck to you as well
In trading, you have to be defensive and aggressive at the same time
  • #16,533
  • Mar 26, 2018 11:02pm Mar 26, 2018 11:02pm
Quoting Opayq
Upcoming news events. {image} {image} {image} {image} {image} {image} {image} {image} {image}
Hi Opayq, thanks for this, please what is data and image source?
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #16,534
  • Mar 27, 2018 1:09am Mar 27, 2018 1:09am
EURUSD starts moving from R100.. maybe now:
(i have on it 0.03 lots micro account)
and deposit is 10.000 so there is no overtrade.

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  • #16,535
  • Mar 27, 2018 2:22am Mar 27, 2018 2:22am
EA: Build short positions again. Two long tail H4 candles closed below R61 after testing R61-R78, time to go south
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  • #16,536
  • Mar 27, 2018 2:23am Mar 27, 2018 2:23am
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The road to success is always under construction !
  • #16,537
  • Mar 27, 2018 2:50am Mar 27, 2018 2:50am
Current EA ..closed previous shorts for small profit at R38..reloaded at R78..
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Be the change that you want to change
  • #16,538
  • Edited 3:32am Mar 27, 2018 3:15am | Edited 3:32am
Hi guys
Not bad start for the week
GU+536
got out because of ADR and anticipating a bounce and I may reload.
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In trading, you have to be defensive and aggressive at the same time
  • #16,539
  • Edited 3:45am Mar 27, 2018 3:33am | Edited 3:45am
GC at S38 next stop S61 where my TP is at 8087
still lot of time left until friday
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In trading, you have to be defensive and aggressive at the same time
  • #16,540
  • Mar 27, 2018 3:40am Mar 27, 2018 3:40am
Hi all,

Closed out GU shorts also for +387 which has pushed me up to +28% this month.

Current open positions:

Started building longs on AN after a nice 2 bar reversal from the S61 and failing to break the last low (yet!).
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Have 1 open position on AC currently. Price has spiked breaking previous highs and has failed to make new lows atm.
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Have 3 positions on EA, entered initially after a retest between R61/78 and strong bearish candle. Entered a further 2 more after a pinbar reversal candle formed after retesting the same area.
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Short on EU also. Strong obvious bearish candles much larger than previous 2 bullish candles from the high probability area.
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Low lots due to using more on GU. Will see which of these pairs looks the best and consider increasing size.

Any constructive criticism welcome! :-)

Ben
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