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Pivot Trading

  • #17,761
  • Apr 26, 2018 6:36am Apr 26, 2018 6:36am
I'm on board as well
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The only thing that will make us successful is if we can control ourselves!
  • #17,762
  • Apr 26, 2018 7:01am Apr 26, 2018 7:01am
Quoting Davit
EJ could drop like a rock after ECB I don't expect any bullishness from them. {image}
Great call Davit, been in this one for a few days now, glad to see it going south...
  • #17,763
  • Apr 26, 2018 7:04am Apr 26, 2018 7:04am
Quoting Davit
{quote} Hi Josh You are trading counter of my system.Buying at 61R is low probability trade and not part of my system.This is a situation that whatever USD good news is could be most likely has already been priced in. remember the weekly ADR pivots. Not nitpicking on you but consistency is the key for any successful system.The reason I hit above 10% a month because I am consistent and persistent to execute based system rules.
Understood mate and your right. Thanks for the advise really appreciate it
  • #17,764
  • Apr 26, 2018 7:05am Apr 26, 2018 7:05am
really nice view
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  • #17,765
  • Apr 26, 2018 7:05am Apr 26, 2018 7:05am
added 4 more positions on UC so when you see a lower trades lower came later.Most of the times I add going into profit
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In trading, you have to be defensive and aggressive at the same time
  • #17,766
  • Edited 8:00am Apr 26, 2018 7:10am | Edited 8:00am
My soldiers are set, I am ready to add reinforcements

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  • #17,767
  • Apr 26, 2018 7:13am Apr 26, 2018 7:13am
ECB may cause to spike E pairs but don't panic! This is when placing hard stop is sucker move.Alghos are programmed to spike usually both directions so it does not matter if your direction is right idea is to take your money.Be smart trade SMART
In trading, you have to be defensive and aggressive at the same time
  • #17,768
  • Apr 26, 2018 7:15am Apr 26, 2018 7:15am
Quoting Davit
added 4 more positions on UC so when you see a lower trades lower came later.Most of the times I add going into profit {image}
Did the same with AUDNZD.
  • #17,769
  • Apr 26, 2018 7:26am Apr 26, 2018 7:26am
Quoting Davit
EJ could drop like a rock after ECB I don't expect any bullishness from them. {image}
Oh yeah, on the same trade as well .. nice ...

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  • #17,770
  • Apr 26, 2018 8:04am Apr 26, 2018 8:04am

I guess this Euro bullish movement is testing everyones resolve atm

Keep faith in the pivots
  • #17,771
  • Apr 26, 2018 8:12am Apr 26, 2018 8:12am
Long on USD Dollar long usdcad, usdchf, usdyen

short eurusd, gbpusd, audusd
Pecuniae obediunt omnia
  • #17,772
  • Apr 26, 2018 8:15am Apr 26, 2018 8:15am
Quoting PIPot
Long on USD Dollar long usdcad, usdchf, usdyen short eurusd, gbpusd, audusd
and what's got to do with pivot trading your personal calls
This thread is not about mindless calls whatever you believe.Its about executing this system and most of your calls are outside of it.

removed
In trading, you have to be defensive and aggressive at the same time
  • #17,773
  • Apr 26, 2018 8:45am Apr 26, 2018 8:45am
Quoting Davit
added 4 more positions on UC so when you see a lower trades lower came later.Most of the times I add going into profit {image}
I am glad you said this. Sometimes new traders think this is an average in until you are right system. They don't get the price action component of stepping on the gas when you are right. There is a significant difference between scaling in and averaging down.
If you are good at something, never do it for free--Joker
  • #17,774
  • Apr 26, 2018 8:45am Apr 26, 2018 8:45am
Trading Davit's way is like making a good whisky. In the zone you prepare all ingredients and then put it into cask to mature. When ripe, you pour yourself a nice glass.
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  • #17,775
  • Apr 26, 2018 8:50am Apr 26, 2018 8:50am
Quoting el_duende
I guess this Euro bullish movement is testing everyones resolve atm Keep faith in the pivots
I don't think it is about resolve in my humble opinion. When you maximum position size is reached and your maximum dollar stop hit, get out, and start again. This prevents a catastrophic loss in a raging trend. Also, if this does happen, a trader will stop selling resistance and start buying support using the designated pivots as a benchmark.
If you are good at something, never do it for free--Joker
  • #17,776
  • Apr 26, 2018 9:01am Apr 26, 2018 9:01am
Quoting pgr45za
{quote} It's your money, but I wouldn't risk more than 0.5% to 1% on each trade. Before you boost your deposit, ask yourself - Do I really know the rules? Will I really follow through and be disciplined? If not, it's best to save your money until you are ready.
Thanks for your post on risk. It made me realize why I have been stressed lately. I lowered my risk and now I am relaxing in my easy chair! I don't know how I got off track, but thanks for your wisdom! You have a lot of good posts!
  • #17,777
  • Apr 26, 2018 9:04am Apr 26, 2018 9:04am
Quoting Davit
ECB may cause to spike E pairs but don't panic! This is when placing hard stop is sucker move.Alghos are programmed to spike usually both directions so it does not matter if your direction is right idea is to take your money.Be smart trade SMART
Very wise information..
  • #17,778
  • Apr 26, 2018 9:06am Apr 26, 2018 9:06am
Quoting snail69
Trading Davit's way is like making a good whisky. In the zone you prepare all ingredients and then put it into cask to mature. When ripe, you pour yourself a nice glass. {image}
yes indeed, same with making good wine (which is what I do), Cheers!
  • #17,779
  • Apr 26, 2018 9:07am Apr 26, 2018 9:07am
Quoting liquidice
{quote} Oh yeah, on the same trade as well .. nice ... {image}
I chickened out, close it for 35 pips ... Should've stay riding it .. Pivot really helps me giving a structure to the price. Thank you Davit.
  • #17,780
  • Apr 26, 2018 9:13am Apr 26, 2018 9:13am
Euro falling nicely now
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Fall seven times, stand up Eight! #GGMU
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